Fort Walton Beach Council agenda — 09-12-2006 ‎(regular)‎ — reading text

maximum 65% I"""" surface coverage. In the site data table, you indicate the total site area for the impervious entire church site, but do not show the calculation of impervious surface coverage for the entire site. The ISC must be based on the entire site unless the area of new construction is Intended to be subdivided Into a separate parcel. Please show the ISC square footage and percentage In the site data table. . . . 3) Parking: a. In the site data table, please include the required parking for the church ( 1 space per 4 seats in chapel) and verify that the number of spaces provided meets this requirements ( do not include on-street parking spaces in this calculation). b. Please revise site plan to indicate that you will re-stripe two on-street spaces to accommodate handicapped parking at the Harbeson Avenue entrance to the new building. c. Please revise site plan to reconfigure curbing at the corner of Harbeson Avenue and First Street to allow for a landscaped area. Also, revise site plan to reconfigure the area in front of the First Street entrance to the building to show a curbed, landscaped area within the right-of- way. Since these projects are improving the right-of- way, the work. City can offer a 50% matching streetscape grant up to $ 10, 000 for this 4) The proposed building is less than 10' away from an adjacent building. The new building needs to be moved approximately 2' closer to First Street to address this Issue. 5) Please add an awning/porch cover to the Harbeson Avenue entrance like the one on the west elevation. Utilities Department - Environmental comments: 1) City request copiesof all necessary permits ( Stormwater Management, etc.) from the FDEP be submitted to Environmental Specialist 4: 1. 2) According the FWB Land Development Code, side slopes should be no greater than On sheet C-3 side slopes are shown at 3: 1, therefore requiring modification. 3) Engineer needs to place silt fence on sheet C- 3 and modify legend accordingly. 4) Engineer needs section views of 18" diameter perforated pipe to be shown on plans. 16 Regular Council 8- 22- 06 SITE PLAN APPROVAt - FIRST BAPTIST CHURCH cont. 5) Engineer needs invert elevations of all catch basins along with details/section views to be shown on plans. 6) Engineer needs to add std. erosion control notes provided by Utility Operations Manager on to the plans. 7) Engineer needs detail of "Pop Off" located inside retention pond be shown on plans. Prior to issuance of the building permit, the above Items shall be addressed with any necessary revisions submitted to the Stormwater Division/ Environmental Specialist for approval. This review does not constitute approval from other City Departments. Final approval for a permit shall be obtained from City Building Inspection. 2. Prior to Certificate of Occupancy: a. All public sidewalks/crosswalks shall be constructed and striped as per City specifications as applicable, including consisency with ADA requirements. b. All required City and State easements and permits ( I. e., stormwater, utility, sidewalk, driveway, etc.) shall be executed and approved by the appropriate agency. Mr. Hartwell seconded motion and it carried unanimously with Holmes, Patterson, Campbell, Tucker, Pullen, Hartwell, and Minich in favor. GENERAL PUBLIC Charlotte Patterson, Show Chairman for the Okaloosa Kennel Club, mentioned the dog shows scheduled for February 27 & 28 and March 1 & 2, 2007 that has been held at the Fairgrounds since 1974. She mentioned contracts have been entered with people all around the United States to judge the shows and a deadline to submit the final paperwork to the American Kennel Club but at this point, with the deadline given the Fairgrounds,there is no show site. She stated what the Okaloosa Kennel Club needs from Council is consideration of the Kennel Club' s point in the matter and what they are looking for is a place to hold their shows. In response to the question on the scope of the event, Ms. Patterson responded generally the shows receive approximately 800 entries which generate 1200- 1500 people in town for six days. She stated they have been in existence since 1972, they are a not-for profit organization, the money is donated back, and one of their projects is a veterinarian student from Okaloosa County. She stated v.kIat they need from Council is a tonight to hold the place dog shows on February 27 & 28 and March 1 & 2, 2007. In response to the question on the contracts, Ms. Patterson responded there are contracts with judges all over the United States, that have been signed and she is obligated for the contracts which include their expenses and fees. QUARTERLY REPORTS - GENERAL EMPLOYEES PENSION FUND Presentation of quarterly financial reports for the General Employees Pension Fund. Jaria Woods, Davis Hamilton Jackson & Associates, gave a synopsis of the investment performance basis through the quarter ending June 30, 2006. She reported there is some improvement on a relative but on an absolute basis growth is trailing value; but they are seeing some meaningful reversion back to to the style in high quality stocks and the larger cap stocks and the environment is starting to revert back which they manage assets. In response to the question on the impact of their strategy, or philosophy, with the unrest in the Middle East, Ms. Woods said there is no impact and that is one of the things YJhere growth has been trailing, one of the smaller sectors in the index is the energy market and one of the biggest sectors in the growth value index is the energy market. In response to the comment that the City is paying an additional IfIIiI"". 700,000 this year into the pension and the question on whether the other Cities Davis Hamilton Jackson 30-40 Cities and they are in the same manage are in the same position, Ms. Woods replied they manage condition.  17 Regular Council 8- 22- 06 QUAR1"eRl Y REPORTS cant. Larry Cole, Merrill Lynch, gave a recap of the funds total performance through the quarter ending June fIfIIIlII>.... 31, 2006. He commented there are a lot of concems they are seeing in every City. He explained part of the reason is the market. He said the City has two managers that have not performed as well as they would like, but had they performed in line with the expectations of the benchmark, the City would still have a problem. He said where the City has lagged is the Managers have not kept up with the Bull Market. He said the last three years have been very good years for the market, and good years for the Plan on an absolute basis, and has averaged above 8%, and the four year average will probably be above 8%. He said it will take one more year after that, it will drop off the negative year, and a year from now he believed there is a very high probability the City will be out of the hole. He said they work for 90 Plans in the State of Florida and every City is in the same boat; the two things hurting Cities are health care costs and pension related expenses. He said the City is still paying for the negative years, but 2001 will drop off this year in the actuarial methodology and next year the last negative year will drop off Mr. Cole also reported at the Advisory Committee meeting today they talked about the Manager' s performance, particularly Davis Hamilton Jackson, and there are concems. He said Merrill Lynch has a Manager Research group in New Jersey, who had a meeting with Davis Hamilton and their conclusion is to hold off changing Managers because there has been an unusual cycle in the market where the high quality companies delivered on eamings but the market was buying low quality riskier investments. He said as the economy starts to slow the higher quality names that Davis Hamilton and Alliance Bernstein invest will start to come back in favor. He stated their recommendation is not to change Managers or look for other altematives at this time at the bottom of an unusual cycle. Look at them on a quarter by quarter basis and if the market rotates back and Davis Hamilton have not performed well; then they will recommend a change. n" response ' to the question whether the other 90 municipalities have the same fund manager, Mr. Cole responded they guidelines, and different levels of risk. are all different, with different histories, different He said Davis Hamilton is involved in approximately 10- 12 out of the 90. He mentioned the under performance is not the main reason the City has to put in $ 700, 000 into the pension, it is the market. He ajd even if Davis Hamilton had performed much better the City would still have to put in funds, but not as much. He said they are watching the Managers but they have not had any favorable market conditions for the investments they make; and if they do get a favorable market and are not there, then do not give them any leeway. The City Manager commented she has been in close contact with Mr. Cole over the issue, and they will