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HomeMy WebLinkAbout06-28-2023 CC Agendaan c* SEBAST. HOME OF PELICAN ISLAND SEBASTIAN CITY COUNCIL & COMMUNITY REDEVELOPMENT AGENCY MEETING AGENDA WEDNESDAY, JUNE 28, 2023 — 6:00 P.M. CITY COUNCIL CHAMBERS 1225 MAIN STREET, SEBASTIAN, FLORIDA ALL AGENDA ITEMS MAY BE INSPECTED IN THE OFFICE OF THE CITY CLERK OR ON THE CITY'S WEBSITE 1. CALL TO ORDER 2. MOMENT OF SILENCE 3. PLEDGE OF ALLEGIANCE — Led by Council Member Dixon 4. ROLL CALL 5. AGENDA MODIFICATIONS Modifications for additions require a unanimous vote of City Council 6. PROCLAMATIONS. AWARDS, BRIEF ANNOUNCEMENTS Presentations of proclamations, certificates and awards, and brief timely announcements by Council and Staff. No public input or actions under this heading. BriefAnnouncements: Tuesday, July 4 - Freedom Festival — Parade begins at 8: 30 am — Vendors, Food, Kids Activities, and Music in Riverview Park from 10: 00 am - Fireworks at 9: 00 pm 7. PUBLIC INPUT The heading on Regular Meeting agendas "Public Input "provides an opportunityfor individuals to bring NEW INFORMATION OR REQUESTS TO CITY COUNCIL NOT OTHERWISE ON THE PREPARED AGENDA. Individuals are asked to resolve matters with staff prior to meetings. Individuals are asked to provide copies of materials for Council one week prior to the meeting if they intend to refer to specific material. City Council will not debate an issue during Public Input but may by consensus direct a Charter Officer in regard to the item if necessary or place a requested item on a future agenda. 8. RECESS THE CITY COUNCIL MEETING AND CONVENE THE COMMUNITY REDEVELOPMENT AGENCY MEETING pgs 5-6 A. Approval of Minutes — September 30, 2022 CRA Meeting pgs 7-8 B. Approval of Minutes — ApriI 26, 2023 CRA Meeting 1 of 138 pgs 9-105 C. Approve the Sebastian CRA Sustainable Economic Redevelopment Master Plan 2023 (Transmittal, Plan) 9. ADJOURN THE COMMUNITY REDEVELOPMENT AGENCY MEETING AND RECONVENE THE CITY COUNCIL MEETING 10. CONSENT AGENDA All items on the consent agenda are considered routine and will be enacted by one motion. There will be no separate discussion of consent agenda items unless a member of City Council so requests; in which event, the item will be removed and acted upon separately. If a member of the public wishes to provide input on a consent agenda item, he/she should request a Council Member to remove the item for discussion prior to start of the meeting or by raising his/her hand to be recognized. pgs 106-116 A. Approval of Minutes — June 14, 2023 Regular City Council Meeting pgs 117-124 B. Approve the Ground Lessor Estoppel and Agreement from Sheltair Sebastian, LLC and Authorize the City Manager to Execute the Related Documents (Transmittal, Ex. A) pgs 125-132 C. Approve the Five Year Fuel Contract Extension with Glover Oil based on Piggyback Pricing from the City of Port St. Lucie for the Period from July 1, 2023 to July 1, 2028 (Transmittal, Letter, Amendment #2, Approval Letter) pgs 133-135 D. Approve Alcoholic Beverages for the Sussman Family Event at the Community Center on Saturday, September 30, 2023 from 12:00 p.m. to 6:00 p.m. — Permittee DOB Verified (Transmittal, Application, Receipt) pgs 136-138 E. Approve Alcoholic Beverages for the Richards Family Event at the Sebastian Yacht Club on Friday, November 3, 2023 from 4:00 p.m. to 10:00 p.m. — Permittee DOB Verified (Transmittal, Application, Receipt) 11. COMMITTEE REPORTS & APPOINTMENTS City committee reports and Council Member regional committee reports. No public input or action except for City committee member nominations and appointments under this heading. 12. PUBLIC HEARINGS - None 13. UNFINISHED BUSINESS - None 14. NEW BUSINESS - None 15. CITY ATTORNEY MATTERS 16. CITY MANAGER MATTERS 17. CITY CLERK MATTERS 2of138 18. CITY COUNCIL MATTERS A. Vice Mayor Nunn B. Council Member Dixon C. Council Member Dodd D. Council Member McPartlan E. Mavor Jones i. Consider a Joint Meeting with the Indian River County Board of Commissioners to Identify the Top Five Issues of Mutual Concern 19. ADJOURN (All meetings shall adjourn by 9:30 pm unless extended for up to one half hour by a majority vote of City Council) NO STENOGRAPHIC RECORD BY CERTIFIED COURT REPORTER WILL BE MADE OF THE FOREGOING MEETING. ANY PERSON WHO DECIDES TO APPEAL ANY DECISION MADE BY THE CITY COUNCIL, BOARD OR AGENCY WITH RESPECT TO ANY MATTER CONSIDERED AT THIS MEETING OR HEARING WILL NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE, WHICH RECORD INCLUDES THE TESTIMONYAND EVIDENCE UPON WHICH THE APPEAL IS TO BE HEARD. (F.S.286.0105) IN COMPLIANCE WITH THE AMERICAN WITH DISABILITIES ACT (ADA) OF 1990, ANYONE WHO NEEDS A SPECIAL ACCOMMODATION FOR THIS MEETING SHOULD CONTACT THE CITY'S ADA COORDINATOR AT 388-8226 — ADA@CITYOFSEBASTIAN.ORG AT LEAST 48 HOURS IN ADVANCE OF THIS MEETING. ZOOM INFORMATION Please click the link to join the webinar: https://us02web.zoom.us/j/86209248457 Or One tap mobile : +13052241968„86209248457# US +16469313860„86209248457# US Webinar ID: 862 0924 8457 International numbers available: https://us02web.zoom.us/u/kfoCIxxtY 3of138 PROCEDURES FOR PUBLIC INPUT IN ACCORDANCE WITH RESOLUTION NO. R-21-32 Regular Citv Council Meetings Public input is ALLOWED under the headine: Consent Agenda Public Hearings Unfinished Business New Business Public Input Public Input is NOT ALLOWED under the headines: • Proclamations, Awards, Brief Announcements (except for individuals giving or accepting proclamations or awards); • Committee Reports and Appointments (except for committee members giving reports and applicants being interviewed for committee appointments); City Council Matters Charter Officer Matters Council may, by majority vote, call upon an individual to provide input if desired. Workshops and Special Meetings Public input is limited to the item on the agenda Time Limit Input on agenda items where public input is permitted on agendas is FIVE MINUTES; however, City Council may extend or terminate an individual's time by majority vote of Council members present. Input Directed to Chair Speakers shall address the City Council IMMEDIATELY PRIOR TO CITY COUNCIL DELIBERATION of the agenda item and ALL INPUT SHALL BE DIRECTED TO THE CHAIR, unless answering a question of a member of City Council or City staff. Individuals shall not address City Council after commencement of City Council deliberation on an agenda item after public input has concluded, providing, however, the Mayor and members of City Council may recall an individual to provide additional information or to answer questions. Certain Remarks Prohibited Personal, impertinent, and slanderous remarks, political campaigning, and applauding are not permitted and may result in expulsion from the meeting. The Chair shall make determinations on such remarks, subject to the repeal provisions below. Appealing Decisions of Chair Any member of Council may appeal the decision of the Chair to the entire Council. A majority vote of City Council shall overrule any decision of the Chair. Public Input Headine on Agenda The heading on Regular Meeting agendas "Public Input" provides an opportunity for individuals to bring NEW INFORMATION OR REQUESTS TO CITY COUNCIL NOT OTHERWISE ON THE PREPARED AGENDA. Individuals are asked to attempt to resolve matters with staff prior to meetings. Individuals are asked to provide copies of material for Council one week prior to the meeting if they intend to refer to specific material. City Council will not debate an issue during Public Input but may by consensus direct a Charter Officer in regard to the item if necessary or place a requested item on a future agenda. 4of138 GfY OF SEBASTU% HOME OF PELICAN ISLAND COMMUNITY REDEVELOP -MET AGENCY t225 Main Street, Sebastian, FL 32958 The attached September 30, 2022 Community Redevelopment Agency minutes were approved at the June 28, 2023 Community Redevelopment Agency meeting. Chairman Fred Jones ATTEST: Jeanette Williams, City Clerk 5of138 Rescheduled Final Budget Hearing & CRA Budget Hearing September 30, 2022 Page 3 AUTHORITY OF THE CITY MANAGER TO IMPLEMENT THE BUDGET; PROVIDING FOR SEVERABILITY; PROVIDING FOR CONFLICTS; PROVIDING FOR SCRIVENER'S ERRORS; AND PROVIDING FOR AN EFFECTIVE DATE. MOTION by Council Member Dodd and SECOND by Council Member Nunn to approve Resolution No. R-22-26. Roll call: Council Member Dodd - aye Council Member McPartlan - aye Council Member Nunn - aye Mayor Hill - aye Vice Mayor Jones - aye Motion carried. 5-0 6. Mayor Hill recessed the City Council meeting and convened the Community Redevelopment Agency. A. Conduct Public Hearing on CRA Budget for FY2023 — CRA Resolution No. R-23-01 (Transmittal. R-23-01, Exhibit A) A RESOLUTION OF THE CITY OF SEBASTIAN COMMUNITY REDEVELOPMENT AGENCY (CRA) ADOPTING A BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022 AND ENDING SEPTEMBER 30, 2023; MAKING FINDINGS; AUTHORIZING AMENDMENTS AND TRANSFERS; PROVIDING FOR CONFLICTS; PROVIDING FOR SCRIVENER'S ERRORS; AND PROVIDING AN EFFECTIVE DATE. The City Attorney read the title to CRA Resolution No. R-23-01. The City Manager advised that the CRA budget was required to be considered separately from the City's budget and asked for approval. There was no public input. MOTION by Mr. Nunn and SECOND by Mr. McPartlan to approve CRA Resolution No. R-23-01. Roll call: Mr. McPartlan - aye Mr. Nunn - aye Chairman Hill - aye Vice Chairman Jones - aye Mr. Dodd - aye Motion carried. 5-0 7. Chairman Hill adjourned the Community Redevelopment Agency and reconvened the City Council meeting at 5:08 p.m. All members were present. 6of138 Cn L--f 5� HOME OF PELICAN ISLAND COMMUNITY REDEVELOPMENT AGENCY 1225 Main Street, Sebastian, FL 32958 The attached April 26, 2023 Community Redevelopment Agency minutes were approved at the June 28, 2023 Community Redevelopment Agency meeting. Chairman Fred Jones ATTEST: Jeanette Williams, City Clerk 7of138 Regular City Council & CRA Meeting April 26, 2023 Page 5 and more service. The monthly cost will go up about $3.00 at $19.45 a month. He said he was offended that a representative for our state representative would come up and suggest illegal doing at our pulpit; he was offended to suggest that somebody is getting paid. Council Member Dixon said in response to those that asked why the City only received one bid is because Sebastian is known as a subscription community and the other company could not be bothered wondering if they could make enough money off the residents. She said her thinking was that if they do universal, at the next time they might have more competitive bids. She reminded the audience that Himanshu Mehta, Managing Director at the Indian River County transfer station said it was operating at mostly capacity. However, if the City went with the subscription service, more people may drop the service and impact the transfer station. They also considered the people who refuse to pay and put their garbage in the paying customer's containers or in the City's parks. She reminded them that they didn't make the decision lightly. Council Member Dodd said he has a gigantic amount of empathy for those that feel they cannot pay for the service. He said he intends to propose a grant program to assist those that can't pay for the service. He said he didn't hear Ms. Aguirre say that Council didn't do anything illegal but he did hear woke and communist. He asked how many people would like the ability to opt in to choose to have street repair or stormwater maintenance. He noted there are all kinds of things that citizens pay for that they don't use. He said he has a great amount of sympathy and noted there wasn't anything woke or communist about the Council Members on the dais. They are trying to do the best job they can for the overall populous 8. Mayor Jones recessed the City Council meeting and convened the Community Redevelopment Agency meeting at 7:47 p.m. A. MOTION by Mr. Dodd and SECOND by Vice Chairman Nunn to approve the October 12, 2022 CRA Meeting minutes passed with a unanimous voice vote of 5-0. 23.077 B. Fiscal Year 2022 CRA Annual Report in Accordance with F.S.163.371 - Accept and Forward to Citv Council (Transmittal, Report) MOTION by Mr. Dodd and SECOND by Vice Chairman Nunn to accept the 2022 CRA Annual Report passed with a unanimous voice vote of 5-0. 9. Chairman Jones adjourned the Community Redevelopment Agency meeting and reconvened the City Council meeting at 7:48 p.m. 10. CONSENT AGENDA A. Approval of Minutes — April 12, 2023 Regular City Council Meeting 8of138 ann SE HOME OF PELICAN ISLAND CRA BOARD AGENDA TRANSNUTTAL Council Meetine Date: June 28, 2023 Agenda Item Title: Sebastian CRA Sustainable Economic Redevelopment Master Plan 2023 Recommendation: Accept Sebastian CRA Sustainable Economic Redevelopment Master Plan 2022 Backaround: The Department of Economic Opportunity (DEO) granted the City funding from the Community Planning Technical Assistance Grant to develop the Riverfront CRA Sustainable Economic Redevelopment Plan 2023. The grant agreement expiration date is June 30, 2023. The City has worked with GAI Consultants, Inc./Community Solutions Group (GAI/CSG) to perform the work. In accordance with the grant agreement, an advertised public hearing before the Sebastian City Council/CRA Board shall be conducted where the Plan Update shall be presented for acceptance. If Agend8 Item Reouires Expenditure of Funds: Budgeted Amount: 0 Total Cost: $70,000 Funds to Be Utilized for Appropriation: DEO CPTA Grant Attachments: 1. Sebastian CRA Sustainable Economic Redevelopment Master Plan 2023 Administrative Services Dep t Review: r City Attorney Review: Procurement Division Review, f applicable: City Manager Authorization: Date: 000)3 9of138 SEBASTIAN CRA HISTORY The City of Sebastian ("City") is a coastal community located on the western shore of the Indian River in Northern Indian River County. The City is accessible by U.S. Highway 1, Interstate 95, and County Roads ("CR") 512 and 510, and is within minutes of Sebastian Inlet State Park, Pelican Island National Wildlife Refuge, and beautiful east coast beaches. The City is about 14.8 square miles and is bordered by the Indian River to the east, the St. Sebastian River State hark Preserve to the west, :i .:i•. is .. �. •V: and surrounded by unincorporated Indian River County. The City has natural charm —boasting many parks, several scenic and wildlife areas, and small town character. The City recognized significant areas of the downtown that were in need of redevelopment and dedicated investment. In 1995, the City completed a study to identify and delineate the boundaries of a community redevelopment area ("CRA"); this resulted in the City forming the Sebastian Community Redevelopment Agency ("Agency") 1 Sebas!�a� • it�fun+c+p:,t Ge+r Coy+rse V T co 3 r 1SEn :�x1 n CL Y. Q Fran Adams I n North County Regioaaf Park — 9 u t i rtDiFt�3 0 n. as A A 89th St — — 8th 51 ` AN 7rt, si VERO LAKE ESTATES 1 m 85th St -- - — f 851h St I 4 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan under Chapter 163, Part III, Florida Statutes ("Chapter 163", or "Redevelopment Act"). The goal of this effort is to establish a coherent community vision and encourage reinvestment and redevelopment throughout the CRA. The CRA is contained within the City's municipal limits within Indian River County, Florida ("County") and is known as a small waterfront fishing community. The adjacent map illustrates the location of the CRA in relation to the City and County. Indian River ! agoor? M Legend ® Sebastian CRA IN City of Sebastian © Indian River County 51 r✓ d 1 ` `e• n G. 9 � i Y � 4,I�F r 5101 tr�6?fc GG8r1d 15 of 138 The CRA totals 398 land acres and 189 acres of conservation adjacent to or within the Indian River Lagoon. U.S. Highway 1 is the CRA's primary north -south 4-lane principal arterial connection, and Sebastian Boulevard is its primary east -west 4-lane principal arterial connection. Indian River Drive provides an additional north -south coastline connection, with Main Street acting as an east -west minor arterial connection. Buses access the CRA via U,S. Highway 1; whereas, boats access the CRA via the dock in Riverview Park and public boat ramps along the Indian River. IF Generally, Agencies have three primary benefits in promoting redevelopment, such as the following: 1. A master planning approach and implementation strategy for the overall CRA; 2. Tax Increment Financing (" TIF"), which diverts future property tax revenues from the County and City to a trust fund specifically intended for redevelopment projects and programs; 3. Increased eligibility for federal and state grants that can be used for infrastructure improvements, business development, and priority acquisition. Originally adopted on March 22,1995 (under Resolution R-95-17), the Sebastian Community Redevelopment Master Plan ("Sebastian CRA Master Plan") organized the CRA's vision and implementation strategy. Since then, the Sebastian CRA Master Plan has been updated two more times: (1) on December 10, 2003 (under Resolution R-03-51) to expand the CRA to include the adjacent 95-acre Sebastian Boulevard Triangle Area; and (2) on October 13, 2010 (under Resolution R-10-40) to update its recommendations and capital improvement schedule. Despite these updates, the 2010 Sebastian CRA Master Plan documents that land use data and maps are outdated, specifically stating, "Due to the limited scope of this (2010 Master Plan) update, data and analysis for the Plan was not generally updated, except where specifically related to the updated capital improvements program. Additionally, it should be noted that several of the plan maps include outdated street names". As a result, there was a necessity to update the Sebastian CRA Master Plan. It is important to note, the current 30-year operational term of the Agency began in December 2003, therefore the Agency is due to "sunset" in December 2033. Further, the 2010 Sebastian CRA Master Plan contained incorrect acreage and boundary maps that have since been corrected through a GIS mapping exercise in 2019 to align information received by the Indian River County Property Appraiser's office. The 2019 GIS mapping exercise correctly identifies the acreage of the expansion area, referred to as "Triangle Area", as 95 acres; the portion of the CRA adjacent to or within the Indian River as 189 acres; and the net total of acreage of the CRA as 398 land acres, as illustrated in the following map. As a result, there is a necessity to update the Sebastian CRA Master Plan. This update, the 2023 Sebastian CRA Sustainable Redevelopment Master Plan ('2023 Sebastian CRA Master Plan"), will help further the vision and aid the City and Agency in identifying sustainable strategies and opportunities for the future of its core urban area, This update will also help promote a diverse economy and implement economic strategies that will assist the City and Agency in defining markets, designing infrastructure projects that address growth and climate change, and capturing the CRA's essence in a comprehensive design. Currently, the CRA "sunsets" in 2033, unless the City approves its continued existence by a majority vote of the governing body members. 4s 1 ti -�; SFPh 5Tlk7� PJ pr�Mi� o •.e : ' _ IV _ The CRA is generally bound by the Indian River to the east, the Florida East Coast ("FEC") Railway to the west, and the extent of the City limits to the north and south. Whereas, the CRA Expansion Area is generally bound by the FEC Railway to the east, CR 512 to the north, and CRA boundary to the west and south. Section 1 Existing Candiifimf I�85 CONCEPTUAL PLANNING DISTRICTS The CRA is divided into five conceptual planning districts used exclusively for categorizing recommendations, these planning districts are defined in the following district descriptions and illustrated in the adjacent map. O r/ Sr The Park District is known as the "heart" of the CRA. The district is bound by the City limits to the Indian River Lagoon to the Main Street e south, east, Q� to the north, and U.S. Highway 1 to the west. The Park District defines the stir character of the CRA and encompasses Riverview Park, Main Street Boat Ramp, Old Town Sebastian Historic District, Sebastian Yacht Club, and S r Indian River Drive filled with many local waterfront restaurants, retail, and businesses. s Sr s�rr Sebastian Boulevard Mixed -Use District sr The Sebastian Boulevard Mixed -Use District encompasses the Sebastian L Boulevard Triangle Area and is part of the CRA expansion area. The district is bound by major thoroughfares, including FEC Railway to the east, and is split between Sebastian Boulevard to the north and the south. This Sebastian Boulevard Mixed -Use District has a mix of uses, such as .industrial, general commercial, public service, and residential. The U.S.-1 Commercial District is characterized by large-scale auto - oriented development. The district is bounded by FEC Railway to the west, the CRA boundary to the north, North Central Avenue and U.S. Highway 1 to the east, and the City limits to the south. The U.S.-1 Commercial District comprises the Main Street Historic District, as well as many auto parts stores, big box development, drive -through restaurants, and other linear strip development common on arterial highways. Riverfront District w:'�'• The Riverfront District extends along the Indian River Lagoon to the east, � and is enclosed by Main Street to the south, the City Limits to the north, and V� North Central Avenue and U.S. Highway 1 to the west. The Riverfront District also helps define the character of the CRA, as it encompasses Indian River Drive filled with many local riverfront and over -the -river restaurant and retail establishments. Sebastian The Sebastian Boulevard South District is part of the CRA expansion area, Municipal Golf and is bound by Sebastian Boulevard eastbound to the north, Old Dixie Highway and the FEC Railway to the east, and the City limits to the south. Course The Sebastian Boulevard South District resembles a horseshoe -shaped boundary mirroring the City limits, and encompasses light industrial uses such as warehouses, equipment suppliers and rentals, and automotive repair and storage. N o° 1 6 1 2023 Sebastian CRA Sustnincsble Redevelopment Master Plan 17 of 138 051 _0 ry 0 0- Citrus Ave 0 Grange Ave Q) M (A E 6 0 CD SEBASTIAN CRA CONCEPTU, Legend Sebastian CRA 5 Park District N Sebastian Blvd. Mixes -Use District U.S.-1 Commercial District M Riverfront District Sebastian Blvd. South District 1. % - - -------- Section 1 Existing condlMof 1187 1 PRIOR DATA AND ANALYSIS REPORTS MAJOR OBSERVATIONS The prior data and analysis reports conducted by the City and Agency reviewed for the existing conditions and baseline evaluation section of the 2023 Sebastian CRA Master Plan, included the following: 2010 SE:BASTIAN CRA MASTER KAN The purpose of updating the Sebastian CRA Master Plan in 2010 was to reevaluate its recommendations and capital improvement schedule. The 2010 Sebastian CRA Master Plan helped serve as a guide for effective redevelopment and enhancement of the CRA. stPASTIAN CRA N,ARKET ANAtvSls, 2018 The analysis provided a trade area review for the City and the Sebastian CRA. The assessment included a collection of demographic and lifestyle data, retail spending, existing conditions review, real estate and housing market info, and consumer trends organized by their respective influence on key drivers of economic development. 2040 SEBASTIAN COMPREHL14SIVE ilLhN Adopted on June 23, 2021, the 2040 Sebastian Comprehensive Plan incorporated an assessment of the City's existing Comprehensive Plan; an analysis of existing conditions; a series of community meetings; input from City Departments f staff; and work sessions with both the Planning Commission and the City Council. It provides a long-term approach to the City's vision based on a more realistic analysis of the City's carrying and development capacities. RIVERFRONI LIST RIOT DRAIWACE STUDY, 2014 Identified two main drainage deficiency areas (Central Avenue and Davis Street and the Presidential Streets) and other capital stormwater projects (along Indian River and the CavCorp Parking lot)through existing drainage outfall assessment. The document also outlines a series of best management practices to remediate these issues. RIVERFRON1 PARKING STUDY, 2011 Evaluated four'zones' in the Sebastian CRA for parking sufficiency. The study found that there is a 'geographical mismatch' in underutilized parking and popular destinations as well as a lack of safety, accessibility, and wayffnding to existing parking areas. In addition to these studies, the Sebastian CRA Annual Activity Reports (2016-2022), Public Input Open House (2018) feedback, and other relevant documents were utilized in this existing conditions evaluation. HISTORICAL ECONOMIC TRENDS The 2010 Sebastian CRA Master Plan conducted an economic analysis of the Sebastian Market Area, which composed the City and nearby unincorporated areas. The analysis revealed that the Sebastian CRA has historically experienced increases in property values; this indicates the area is positively perceived by the overall market, with increases in demand for single-family residential units, and space availability to annually support new commercial space. The analysis also indicated that higher value single- family attached (townhouse) development should be encouraged for the Sebastian Boulevard Triangle Area to enhance land values substantially greater than the existing industrial zoning, as well as indicating that office development and hospitality uses will not likely play a significant role in redevelopment. All of these findings, as well as the financial feasibility described below, helped shape the past 2010 Sebastian CRA Master Plan priorities and recommendations. In 2018, the Sebastian CRA Market Analysis concluded that the retail sector showed the highest potential and most activity of all major real estate sectors within the Sebastian CRA. Subsequently, branding the Sebastian CRA and enhancing the residential market will help drive this potential for increased retail activity, as well as other commercial uses. The market analysis also revealed five key drivers of economic development, including: land, labor, markets, capital and regulation. In addition, the market analysis identified the City as featuring a diverse and healthy workforce centered around the services, retail, construction, finance, insurance and real estate industries. Lastly, the analysis identified the following incentives put forth by the Agency to promote economic development; these included a facade, sign, and landscaping grant program, and a septic -to -sewer grant program. FINANCIAL FEASIBILITY A significant benefit of any Agency is the ability to manage future incremental ad valorem tax revenues within the CRA from both City and County sources through Tax Increment Financing ("TIF"). TIF is a unique financing tool used to leverage public funds to promote redevelopment activities in community redevelopment areas. A TIF captures the future tax benefits of real estate improvements in a community redevelopment area to pay the current cost of making improvements. A Redevelopment Trust Fund is established for the tax increment revenue as a means of using property taxes from property valuation increases to assist in paying for public improvements that stimulate development and redevelopment. Upon adoption, the Redevelopment Trust Fund ordinance specifies the base valuation of property located within the boundaries of the CRA. Thereafter, 1 8 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 19 of 138 95% of taxes assessed by qualified taxing authorities on future increases in the value of properties contained within the CRA are reinvested into the respective CRA through the corresponding Redevelopment Trust Funds. The tax increment revenues can be used immediately, saved for particular projects, or can be bonded to provide upfront financing to maximize funds available. Funds accrued into the Redevelopment Trust Fund, however, must be used for redevelopment projects, programs, and activities as specified in the Redevelopment Plan and not for general governmental purposes. These funds are to be used only for projects, improvements, acquisitions, and programs within the corresponding geographical boundary of the CRA as well as for approved Community Redevelopment Agency administrative expenses as outlined in Chapter 163.370, Florida Statutes. The tables below illustrate the total taxable value and tax increment collected within the Sebastian CRA over the last 11 years, as well as the past year-end statements for years 2018 to 202Z highlighting specifically the Sebastian CRA fund beginning and end balances. SEBASTIAN CRA HISTORIC TAXABLE VALUE Taxable Base Year Tax % Change Year Value Value Increment Value ($, in Tax Increment ($, 000s) ($, 000s) 000s) Value 2012 82,753 41,562 41,191 (15.93%) 2013 82,599 41,562 41,037 (0.38%) 2014 84,940 41,562 43,378 5.70% 2015 91,018 41,562 49,456 14.01% 2016 91,875 41,562 50,313 1.73% 2017 97,801 41,562 56,239 11.78% 2018 102,731 41,562 61,169 8.77% 2019 106,989 41,562 65,430 6.97% 2020 113,478 41,562 71,916 9.91% 2021 108,270 41,562 66,708 (7.24%) 2022 111,457 41,562 69,895 4.78% Source. Florida Deportment of Revenue, DR-420TIF Forms, 2012-2022 GAI Consultants. SEBASTIAN CRA HISTORIC TAXABLE VALUE Year- Net Fund Fund End Revenues Expenditures Position Balance Balance (Begin) (Ending) 09/2018 $ 413,147 $ 240,474 $ 172,673 $ 540,748 $ 423,926 09/2019 437,317 396,239 41,078 423,814 374,104 09/2020 444,322 301,894 142,428 374,014 478,660 09/2021 495,138 258,249 236,889 478,660 541,244 09/2022 428,182 291,969 136,213 541,244 627,885 Source: Sebastian Riverfroni Community Redevelopment Agency Annual Repoits 2018-2022. SEBASTIAN CRA PAST PRIORITIES The priorities outlined in the 2010 Sebastian CRA Master Plan were guided by input from multiple groups, including the CRA Board, Treasure Coast Regional Planning Council, and those who reside, work, and play within the CRA. Major priorities identified by the public at large while developing the 2010 Sebastian CRA Master Plan, which have remained a major focus based on project progress within the CRA, included: 0 Preserving the Historic Character and 'Old Town' Feel. © Enhancing the Waterfront as a Resource. ®Maintaining Low Residential Density and Building Heights. OEncouraging Mixed -Use Development. ©Creating Complete Streets to Ease Congestion and Improve Linkages. OImproving Existing and Creating New Recreational Opportunities. O Developing a Marketable Identity for the Overall CRA. SECTION SUMMARY The intent of this Existing Conditions section is to develop a baseline evaluation of prior planning exercises, studies, and analyses that have been conducted relating to the Sebastian CRA, and develop a basis of past activities undertaken by the Agency. Essentially summarizing these seemingly disparate components, creating a cogent foundation from which to build upon. Ultimately, informing elements of the forthcoming Market Assessment and Economic Analysis, serving as a reference tool, and a resource in the formation of this 2023 Sebastian CRA Master Plan. Section 1 Existing Condgto0f 1189 1 A SECTION TWO CONTENTS Market Assessment & Economic Analysis Introduction......................................................................................12 Parcel Inventory Report...............................................................13 Identification of Parcel/Lot Size..............................................................13 ExistingLand Use...................................................................................................14 FutureLand Use.....................................................................................................15 Zoning....................................................................................... ........16 Analysis of Current Economic Conditionis ...........................17 Demographic and Socio-Economic Characteristics.......................................................................................................17 Employment and Business Activity....................................................19 Inventory Analysis of Commercial & Residential Markets............................................................................................... 21 Retail Market Trends.........................................................................................22 Office Market Trends....................................................................................... 23 Industrial Market Trends..............................................................................24 SpaceUtilization..................................................................................................25 Residential Dwelling Unit Characteristics..................................26 Concentration Mapping.,... ......................... ..............................................28 Market Potential Analysis..........................................................29 Population and Employment Projection.....................................29 RetailGap Analysis...........................................................................................30 Commercial Space Demand Analysis.........................................32 Residential Demand Analysis................................................................33 Potential Development Opportunities.................................34 Section Summary.........................................................................35 22 of 138 MARKET ASSESSMENT & ECONOMIC ANALYSIS INTRODUCTION As a part of this 2023 Sebastian CRA Master Plan, a Market Assessment and Economic Analysis was conducted. The main focus of the assessment is to identify the market for potential commercial and residential development opportunities within the CRA. The analysis included: a parcel inventory report; an assessment of demographic and socio-economic characteristics; an inventory analysis for the commercial and residential markets; a retail gap analysis; and a 15-year future growth projection of commercial and residential uses within the CRA. Characteristics of the City will also be evaluated to show a comparison of capture within the CRA, where data is available. The analysis is expected to be used as a tool to guide potential commercial and residential development opportunities within the CRA and to provide insight on demographic, socio-economic, and market performance trends within the broader City as a whole. tF �J ;1 } 1 12 1 2023 Sebastian CRA Sustainable Redevelopment t `• . 8 �W. PARCEL INVENTORY REPORT IDFNTIFICATION OF PARCH /LOT YZF The CRA totals 398 land acres and 189 acres of conservation adjacent to or within the Indian River Lagoon. There are approximately 508 parcels/lots that comprise the land acres within the CRA. Of these total parcels, approximately 57% are less than i acre, with 21% representing parcels that are 1 to 2 acres and 22% greater than 2 acres. The largest parcel within the CRA is the Walmart Supercenter a 'A along U.S. Highway 1 with 22.8 acres. In addition, the average parcel size within the CRA is 1.3 acres. -fiend Sebastian CRA Less than 114 acres 114 to 1/2 acres 1/2 to 1 acres I to 2 acres More than 2 acres Section 2 Market Assessa'%i0tf 1583 I The map below illustrates the existing land use of the parcels within the CRA, and the legend details the distribution of the total land area by existing land use designation. Within the CRA, the commercial/ mixed use land use comprises ebastian 9unicipal Golf Course -n (D i NV the largest share of total land acres at 30.3%, followed by vacant commercial and municipal lands with 11.9% and 10.0%, respectively, of this total share. Combined residential, including single family, condos, multifamily, and other residential, comprise 15.6% of the land acres within the CRA. In addition, combined vacant lands total approximately 18.4% of the land acres within the CRA; with county, state, municipal, and utility and right-of-way comprising 11.7% of the total land acres. Legend Sebastian CRA O� O. Vacant Residential............................0.5% Single Family Residential.............8.5% ��. Condos .......... .................. _.................. 4.7% .. Multifamily...............................................0.8% .�'�"'('^••-- 1 Other Residential 1.6% . Vacant Commercial ........................11.9% ! Office/Professional Services......5.9% Commercial/Mixed use.............30.3% Vacant Industrial................................5.9°i ■ Warehouse/Storage ........................8.6% iPoultry_ .................................... ................... 0.7% Vacant Institutional 0.1% 0 • ;�■ institutional .............. 8.1% ■ Parks & Recreation.... .......................... 1.2% ° d, � County ........ ...... 1.1/° State......................... _........................... - ..... 0.3% {'p,, ' Municipal 10.0% �s ■ Utility & Right-of-Way.....................0,3�° ,t a� 1, • � 5 Orange Ave - �. m � a N U? 0 ro a 0 1 14 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 25 of 138 FUTt IRF [AND USES The map below illustrates the future land use of the parcels within the CRA, and the legend details the distribution of the total land area by future land use designation. Within the CRA, the future land use designation of Riverfront Mixed Use r S1 comprises the largest share of the total land acres at 61.6%, followed by institutional and industrial future land use at 14.6% and 12.0%, respectively, of this total share. In addition, the future land use designation of conservation and residential low/medium density of ;ebastian m c dunicipai _ Golf 3 Course o n� m O Orange Ave c 6 CD N e G O f to l0 l CD Q GN O m � are not represented in the map below, since they both comprise a very small share of the total land acres at 0.0025% and 0.0001%, respectively. Legend i_i Sebastion CRA Commercial 512.................................... 1.2% General Commercial...__..._ ........ 1.5% A Conservation 0.0% ■ industrial .................. _ ... ........... _........__.12.0% Institutional...._._._ ....... _..._..____ 14.6% ■ Mixed Use ............ ....................................... 9.1% Riverfront Mixed Use ....................... 61.6% Section 2 Market Asse�sQ-6 of JB8r� I The map below illustrates the current zoning for all parcels within the CRA, and the legend details the distribution of the total land area by current zoning code. Commercial riverfront (CR) and commercial waterfront residential (CWR) comprise the majority of 0/ ti f the zoning within the CRA at 38.9% and 20.2%, respectively, of the total land acres. Combined residential, including multi -family (RM-8) and single family (RS-10), comprise a relatively small share of the zoning within the CRA at 4.0% of the total land acres. O ` \\ 0_ Oil A �0 t "ASEB. ek ,bastian unicipal c = Golf ;nurse o a- rn o Orange Ave - C - o kN c m Q M o m in I 15 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan In addition, the CRA Expansion Area is the only area within the overall CRA that includes zoning for industrial, commercial, and mixed use developments. Legend ..: Sebastian CRA It Conservation(C)..........................................0.1% Commercial 512(C-512)...........................1.1°% Commercial General (CG)....................1.5% Commercial Riverfront (CR) .............38.9% Commercial Waterfront Residential (C W R )_................. ............ 20.2 % ■ Industrial(IN}.....................................I.............11.9% ■ Mixed Use(MU)...............................................9.1% ■ Public Service (PS) 13.2% Residential Multi -Family (RM-8) ......3.8% Residential Single Family (RS-10) ....0.2%' 27 of 138 ANALYSIS OF CURRENT ECONOMIC CONDITIONS'. There are many key demographic and socio- economic indicators to consider when determining the market characteristics of a specific area, these include; • Population • Age Distribution • Race and Ethnicity • Academic Achievement Income Levels • Employment and Business Activity A profile of these demographic and socio-economic characteristics was necessary to fully understand the unique marketplace and the overall market - supporting demand within the CRA. Included in this analysis is the evaluation of current and historical growth trends within the CRA and where relevant, the assessment also identifies the capture of growth to the City, as detailed within the following pages. To note, there are limitations to data that is used to infer conclusions about a sample population. Most relevant to this is analysis is that the smallest geographic areas for which estimates are available are Census Block Groups. While the data can be used to infer conclusions about large geographic areas with great statistical certainty, the smaller the area of interest the greater the margin of error. DEMOGRAPI IIC AND SOCIO-ECONOMIC CHARA(AIRISTICS Per the most recent 2022 estimates, the total population of the CRA is approximately 206 persons, which represents roughly 0.8% of the City's total population of 25,438 persons. From 2010 to 2022, the population within the City grew at a compound annual growth rate ("CAGR") of approximately 1.0% annually, increasing nearly 15% from about 22,221 persons in 2010 to 25,438 persons in 2022. About 13% of this population growth within the City occurred between 2010 and 2020. Comparatively, the CRA experienced a greater CAGR, at 1.9%, during this same time period. The population within the CRA increased 27% from about 162 persons in 2010 to 206 persons in 2022, with about 19% of this population growth occurring between 2010 and 2020. Although population has increased by nearly 3,227 persons within the City and only 44 persons within the CRA since 2010, the overall capture of the CRA to City's population has remained stable over this time period. The following figures illustrate the change in total population within the CRA and the capture of total City population from 2010 to 2022 estimates. Population 2010 2020 City of Sebastian 22,211 25,095 Sebastian CRA Capture CRA to City 162 0.7% 192 2022 Est. 25,438 206 CAGR 1.7% 0.5% Source ESRI 2022 fsrimates, US Census Bureaux GAI Consultants Inc 0.8% 0.8% r Sebastian CRA Capture ro 200 1.0% n b 150 0.7% a 100 0.5% b b 50 0.3% E 0 2010 2020 2022 Est c 0 3 a `o 0 Section 2 Market Assessa&of 1B87 I Age distribution is another important factor when examining market characteristics. Within the CRA, the median age is approximately 62 years old; this is notably higher than the median age of 54 years observed within the City. In the CRA, approximately 49% of the population are between the ages of 15 to 64, which is defined as the typical working -age population. In comparison, about 52% represent the working - age population within the City. This indicates that the majority of the population within the City is considered to be working - age; whereas, less than half of the population within the CRA is identified as working -age. Additionally, 9% of the population within the CRA are younger than 20, and 54% are 60 years or older. Whereas, the City has a slightly younger population, with about 17% identified as younger than 20, and 41% aged 60 years or older, as illustrated in the adjacent table. Understanding the racial and ethnic make-up of an area can provide unique insight into its market characteristics. Within the CRA, approximately 90% of the population identifies as White, with 6% identifying as Two or More Races, 2% identifying as Black/African American, and 2% identifying as Other Race, The racial composition within the City is relatively comparable; with 83% White, 8% Two or More Races, 5% Black/African American, 2% Other Race, and 1% Asian. The breakdown of the population by racial composition within the CRA compared to that of the City is represented in the adjacent table. Additionally, Hispanic origin is defined as an ethnicity, and therefore can be identified as any race. According to 2022 ESRI Estimates, 9% of the total population in the City are of Hispanic ethnicity. Whereas, approximately 6% of the total population within the CRA are of Hispanic ethnicity. Academic achievement refers to the level of schooling a person has successfully completed, and only accounts for those 25 years or older. Within the CRA, 92% of the population have obtained their high school diploma/GED or a more advanced degree, which is similar to the 94% observed within the City following these same metrics. In addition, approximately 23% of the population within the CRA has a bachelor's degree or more advanced degree, which is slightly lower compared to the 26% of the population observed within the City with a bachelor's degree or greater. Comparatively, when considering the population without a high school diploma/GED, about 8% of the total population in the CRA does not have a high school diploma/GED, which is slightly higher than the 7% observed within the City, as illustrated in the following figure. Age Distribution (2022) 0-9 8% 10-19 9% 20-29 9% 30-39 6% 40-49 9% City of Sebastian Sebastian CRA 50-59 13% 60-69 17% 70-79 15% SO* 9% Median Age 54.0 Source' ESR12022 Estimates; GAI Consultants, Inc. 4% 5% 7% 5% 8% 15% 24% 19% 110� 61.8 Population by Race City of Sebastian (2022) Sebastian CRA Total Population 25,438 206 White 83% 90% Black/African 5% 2% American American Indian/ Alaska Native 0% 0% Asian 1% 0% Pacific islander 0% 0% Other Race 2% 2% Two or More Races 8% 6% Source ESRI 2022 Estimates; GAI Consultants, Inc. Sebasfian CRA City of Sebastion Less than 9th Grade 9-12th Grade/ IC 'Ot No Diploma High school �. -:: fF•!r. + 5 Diploma GED It' ; Some College/ No Degree Associates' Degree Bocheloi's Degree Graduate/ Prof. Degree 0% 5% 10% 15% 20% 25% 30% 35% j 18 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 29 of 138 Income is another important factor to consider when examining market characteristics, as it can be a broad indicator of a household or individual's spending potential and their general ability to purchase a variety of goods and services within a specific marketplace. As of 2022 estimates, median household income within the CRA is estimated to be $69,956, which is higher than that of the City, at $62,558. Similarly, per capita incomes at $46,766 within the CRA are also higher than those observed in the City at $36,575, as illustrated in the table below. Incomes City of Sebastian (2022) Sebastian CRA Med. $62,558 $69,956 Household Avg. Household $79,228 $96,501 Per Capita $35,575 $46,766 Avg. Disposable $65,407 $77,224 Source: ESRI 2022 Fsrimates; GAl Consultants, Inc. Within the CRA, the largest concentration of households (approximately 18%) has household incomes of $100,000-- $149,999, which is greater than that of the City, wherein the largest concentration of households (23%) has household incomes of $50,000-$74,999. The distribution of household incomes within the City and CRA are illustrated in the following figure. 25% in addition, average disposable income is about $77,224 within the CRA, which is also substantially higher than that of the City at $65,407. From this income -related data, it can be inferred that the CRA comprises a population with greater incomes and spending potential compared to that of the City. r! Sebastian CRA City of Sebastian 0 10% a 0 U ae 5% 0I - Less than $15K- $259- S35K- $50K- $75K- $100K- $150K- $200K of $15K $24.9K $34.9K $49.9K $74.9K $99,9K $149.9K S199.9K greater EMPLOYMENT AND BUSINESS AC i iVITY kl 'Ftii:=E FMPLCYt ;Elul TRi:NL) A diverse workforce and industry base within a market area can be an indication of healthy economic conditions, as it enhances the variety of available employment and interested companies in an area, The key components to employment to consider when analyzing the overall business and employment market include annual employment trends, jobs by industry sector, unemployment rate, and employee inflow/outflow within the area. There are currently 925 businesses within the City; approximately 37% or 346 businesses are located within the CRA. The total businesses within the City employ nearly 5,865 people; whereas, the total businesses within the CRA employ approximately 1,464 people, or 25% of the City's total employment. From 2010 to 2022 estimates, total employment within the City and CRA have grown at CAGRs of 4.8% and 2.0%, respectively. Since 2010, the City has experienced an increase of nearly 2,960 employees, with the CRA capturing 13% of this increase. The capture of employment within the CRA to the City has remained relatively stable since 2010, with an average capture of 25%. The figure below illustrates the annual employment trends for the City and CRA from 2010 to 2022 estimates. i Sebastian CRA City of Sebastian 5,000 h 4,000 a.. D 3,000 w b 6 2,000 1,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Est, Section 2 lancet AssessiJWg0T 11389 I As of 2022 estimates, within the CRA, the unemployment rate—i.e., the total number of unemployed persons as a percentage of the Civilian Labor Force —is nearly 17%, which is significantly greater than the unemployment rate within the City at 3.8%. The unemployment rate is the percentage of the labor force within a specified area that does not currently have a job. The unemployment rate generally rises and falls in the wake of changing economic conditions. The high unemployment rate within the CRA may be a result of the lagging impacts of the COVID-19 pandemic when unemployment across the nation reached an all time high of 14.7%. As more businesses are established within the CRA, subsequently creating more jobs, the unemployment rate should experience a decrease The most current employee inflow/outflow data provided by the U.S. Census Bureau is for year- end 2019. This data serves as an indication of the efficiency of the respective area's labor force. As of year-end 2019, there were 4,356 employees within the City. Of these employees, about 23% live within the City, while roughly 77% commute into the City from elsewhere to work (inflow). In addition, 7,885 workers live inside the Cit , but are employed elsewhere outside of the City outflow). This condition results in a net negative outflow of 4,532 jobs in the City. Net job inflow (+)/outflow (-) indicates where the area is a labor force magnet or provider. Comparatively, there were 992 employees within the CRA as of year-end 2019, of these employees, approximately 0.1% live within the CRA, while roughly 99.9% commute into the CRA from elsewhere to work (inflow). Additionally, 33 workers live inside the CRA, but are employed elsewhere outside (outflow). This condition results in a net positive inflow of 958 jobs to the CRA. The figures below illustrate the employee inflow/ outflow within the City and CRA as of year-end 2019. 1 iiving & Fmplo}Pd in Area 1,003 11,,,np E Fmplo� ed n Aren Poi tnlfow Ou11W. Inflow Outflow The most current employment estimates by NAICs Industry Sector indicate that Health Care and Social Assistance, Retail Trade, and Accommodation and Food Services are the dominant industries within both the City and CRA. Combined, these three industries comprise approximately 47% and 57% of the total share of employment within the City and CRA, respectively, as of 2022 estimates. Professional employment includes the following industry sectors: Information; Finance and Insurance; Real Estate; Professional Services; Management of Companies; Administration, Support, and Waste Management; and Educational Services. The CRA's largely white collar, or professional, work force comprises 20% of total employment; whereas, the City's professional work force comprises 28% of the total employment as of 2022 estimates. The table below illustrates the breakdown of employment by NAICs Industry Sector for 2022 estimates. - Jobs by NAICs Industry City of Sebastian Sector (2022) Sebastian CRA Agriculture & Mining 0% 0% Construction 7% 4% Manufacturing 2% 3% Wholesale Trade 1% 1% Retail Trade 15% 13% Transportation & Utilities 2% 2% information 1% 1% Finance & Insurance 6% 2% Real Estate, Rental, & 6% 7% Leasing Professional & Technical 7% 5% Services Management of 0% 0% Companies Administration & Support 2% 2% Educational Services 5% 2% Health Care & Social 13% 24% Assistance Arts, Entertainment, & 2% 1% Recreation Accommodation & Food 15% 20% Services Other Services excl. 10% 8% Public Admin. Public Administration 5% 4% Total Employees 5,865 1,464 Source. ESP! 2022 fstimales; GAI Consultants. Inc I 20 1 2023 Sebastian CRA Sustainable Redevelopment Master Flan 31 of 138 INVENTORY ANALYSIS OF COEMMER CAL . kESIUENTIAL MAkKETS The inventory analysis relied family, and condo residential The CRA's conceptual planning upon real estate data to within the City, the CRA, and the districts are identified below and evaluate performance trends for five CRA conceptual planning illustrated in the following map. commercial uses, office, retail, and districts previously identified in industrial; as well as residential Section 1: Existing Conditions and uses, including multifamily, single Baseline Evaluation. Park district dry s, a° P i ?s�hsl �4Sse�i s, Ir Sebastian fed un! elpat Gott Course Q �4 5r ILA Sebastian Boulevard Mixed -Else District 1s Rix; 0 S 1 Gomm ercJof District .`�'. Rivertront District X11- d�hh sr, r� ds rs SEBASTIAN G L m ..4 a Cilrus Ave y Cl)'. Orange Ave N cn E o �N LL C a !0 9 F 4 M W Boulevard Souih li:si rk.-f Legend i.: Sebastian CRA Park District [ Sebastian Blvd. Mixed -Use District U.S.-1 Commercial District IL Riverfront District Sebastian Blvd, South District L :! Section 2 Market Assessq'2�ni 18&1 I RI-11,11 IAARKL 11RFICS As of year-to-date ("YTD-) 2022, January through November 2022, the CRA has a total 523,490 square feet of retail space, comprising 32% of the total inventory of retail space within the City at 1.65 million square feet. The U.S.-1 Commercial District contains the largest share of retail space within the CRA at 70%; whereas, the Sebastian Blvd. South District comprises the smallest share at 2.1% of the total retail space within the CRA. The table below illustrates the retail market characteristics for YTD 2022. Rentable Area Occupancy Vacancy Gross Absorption Area Sq. Ft. % of CRA Rate % Rate % Sq. Ft. Avg. Rental Rate City of Sebastian 1,654,188 - 98.4% 1.614 36,462 $18.99 Sebastian CRA U.S.-] Commercial 365,338 70% 99.4% 0.6% 4,021 $15,00 Riverfront 48,130 9% 100.0% 0.0% - $19.77 Park 75,052 14% 100.0% 0.0% 1,630 $18.60 Seb. Blvd. Mixed -Use 25,582 5% 100.0% 0.0% - $22.09 Seb. Blvd. South 10,996 2% 100.0% 0.0% - $19.73 Total 523,490 100% 99.4% 0.6% 5,651 $19.73 Soorre COStor Group, GA! Consultants. inc Note. Represents YTD 2022 January through November 2027 . 2018 2019 2020 ■ 2021 2022YTD it 2018 2019 202D r 12021 2022YTD 400 $25 100% $20 0 300 N 0 250 94% 4 $15 cc ru tr 200 92% 150 a 9a% a $to C T 100 88% ! u.s-1 commercial p Riverfront $5 50 86% Park • Seb.8lvd. Mixed -use Seb .8lA South t: 84% - US -I Rivesfrant Park corn. District District Seb. Blvd. Seb. Blvd Mixed -Use South 2018 2019 2020 2021 2022 us Riverfront con) -I D�isiricl Pork Seb.Blvd Selo Blvd District Mired -use South District DIstrlct District YTD District District District Over the last 5 years, total inventory of retail space increased 0.5%, or 2,400 square feet, within the CRA: from 521,090 square feet in 2018 to 523,490 square feet in 2022 YTD. The change in inventory within the CRA was driven solely by growth in the U.S.-1 Commercial District. None of the CRA districts experienced any change in inventory over the last 5 years. Comparatively, the City experienced a 1.3%, or 21,300-square-foot, increase in total retail space during this same time frame, from 1.63 million in 2018 to 1.65 million square feet in 2022 YTD. Occupancy rates within all CRA districts were 100% as of 2022 YTD, except for the U.S.-1 Commercial District, which had an occupancy of 99.4%. Over the last 5 years, occupancy rates increased 1.3% within the CRA; from 98.1% in 2018 to 99.4% in 2022 YTD. The change in occupancy within the CRA was driven by growth in occupancy rates within the U.S.-1 Commercial District and Park District. Comparatively, the City experienced a 1.9% increase in occupancy of retail space during this same time frame, from 96.6% in 2018 to 98.4% in 2022 YTD. Throughout the last 5 years, average rental rates of retail space increased 12.4%, or $2.17, within the CRA; from $17.56 in 2018 to $19.73 in 2022 YTD. All the districts within the CRA experienced an increase in average rental rates over the last 5 years, except for the U.S.-1 Commercial District, which experienced a decrease in average rental rates of nearly 12%. The retail market within the City experienced a 13.8%, or $2.30, increase in average rental rates during this some time frame, from $16.69 in 2018 to $18.99 in 2022 YTD. 'YID represents ydor-ra-dote 2022. January through November 2022 I 22 1 2023 Sebastian CRA Sustainable Redevelopment Master Pion 33 of 138 OFFICE MARKET TRENDS As of YTD 2022, .January through November 2022, the CRA has a total 218,800 square feet of office space, comprising 44% of the total inventory of office space within the City at 498,605 square feet. The U.S.-1 Commercial District contains the largest share of office space within the CRA at 81%; whereas, the Sebastian Blvd, Mixed - Use District comprises the smallest share at nearly 1% of the total office space within the CRA. The table below illustrates the office market characteristics for YTD 2022. Area Rentable Area Occupancy Vacancy Gross Absorption Avg. Rental Rate S Ft. q o / of CRA Rate /o Rate % Sq. Ft. City of Sebastian 498,605 - 97.3% 2.7% 13,681 $21.75 Sebastian CRA U.S-I Commercial 177,936 81% 100.0% 0.0% 2,832 $22.56 Riverfront 15,236 7% 36.7% 63.3% 3,000 $25.11 Park 19,747 9% 100.0% 0.0% - $21.90 Seb. Blvd. Mixed -Use 2,047 1% 100.0% 0.0% - $21.13 Seb. Blvd. South 3,834 2% 100.0% 0.0% - $22.03 Total 218,800 100% 97.3% 2.77. 5,832 $22.52 Source CoSror Group, Gar Consultants Inc Note Represents Y1D 2022 January through November 2022 Ir 20M 2019 2020 of 2021 2022YTD 180 160 140 y O O 120 w 100 80 6 60 c 40 20 w U.S-) Riverfront Park Seb Blvd. Seb. Blvd Com District District Mixed -Use south District District District Over the last 5 years, total inventory of office space has remained unchanged within the CRA, at 218,800 square feet. Subsequently, the CRA districts also experienced no changes in inventory over the last 5 years. The newest office building, Sebastian Medical Suites, was built in 2008 and is the largest office property within the CRA, containing 16% of the total share at 34,700 square feet. Comparatively, the City also experienced zero change in office space during this some time frame, remaining at 498,605 square feet. 100% Y 80% 3f m 6D% a U c Q 40% U U O • U.S.-I Commerciol 20 % Riverfront Park 0 Seb. Blvd. Mixed-Ute Sao Blvd South 2018 2019 2020 2021 2022 YTD Occupancy rates within all CRA districts were 100% as of 2022 YTD, except for the Riverfront District, which experienced a significant decline in occupancy, possibly due to the 5,040-square-foot Medical Office building being vacated and for sale as of 2022 YTD. Over the last 5 years, occupancy rate decreased 0.8% within the CRA: from 98.1% in 2018 to 97.3% in 2022 YTD. The City also experienced a 0.8% decrease in occupancy of office space during this some time frame, from 98.0% in 2018 to 97.3% in 2022 YTD. -tat'iC/r[-s', lti.Idl l I: .j�i: ■ 2016 201.9 2020 Ilk 2021 2022YTD $30 $25 Ln $20 . W 4 v 515 4 ID S10 $5 U Sri Com District Riverfront District Park Seb, Blvd Seb Blvd District Mixed -use South District Dismal Throughout the last 5 years, average rental rates of office space increased 14.0%, or $2.76, within the CRA: from $19.76 in 2018 to $22.52 in 2022 YTD. All districts within the CRA experienced an increase in average rental rates over the last 5 years, with the Sebastian Blvd. South District experiencing the greatest increase in average rental rates at 15.3%. Comparatively, the office market within the City experienced a 13.9%, or $2.65, increase in average rental rates during this same time frame, from $19.10 in 2018 to $21.75 in 2022 YTD. •YTD represents Yeor-ra-dote 2D22, January through November 2022 Section 2 Matitet Assassr:Mrof 113a3 I As of YTD 2022, January through November 202Z the CRA has a total 99,868 square feet of industrial/flex space, comprising 15% of the total inventory of industrial/flex space within the City at 647,343 square feet. The Sebastian Blvd. South District and U.S.-1 Commercial District are the only two districts within the CRA to contain any industrial/ flex space, with 95% and 5%, respectively, of the total share of industrial/flex space within the CRA. The table below illustrates the industrial/flex market characteristics for YTD 2022. Area City of Sebastian Sebastian CRA U.S.-] Commercial Riverfront Park Seb. Blvd. Mixed -Use Seb. Blvd. South Total 8 0 100 60 60 rr y p 40 c G 20 Rentable Area Occupancy Sq. Ft. % of CRA Rate % 647,343 - 100.0% 5,480 94,388 99,868 201E 2019 2020 2021 2022YID III U.S.-1 Commercial Sebostior) 6ivd District South District Over the last 5 years, total inventory of industrial/flex space has remained unchanged within the CRA, at nearly 100,000 square feet. Subsequently, the CRA districts also experienced no changes in inventory over the last 5 years. The Sebastian Industrial Park, built in 2005 and located in the Sebastian Blvd. South District, comprises the largest share of industrial/flex space within the CRA at 35%. The City also experienced zero change in industrial/flex space during this same time frame, remaining at 647,343 square feet. Vacancy Gross Absorption Rate % Sq.Ft. 0.0% 82,276 Avg. Rental Rate $10.18 5% 100.0% 0.0% - $11.21 95% 100.0% 0.0% - $10.45 100% 100.0% 0.0% - $10.50 Source CoStar Group; GAI Consuftonts, Inc Note Represents YU) 2022, January through November 2022 1r 2018 2019 2020 r.2C21 2022YTD 100% _ — w 512 80% ;E m at 60 u' C 40% u U 20% i U.S.-1 Cornmercbl Seb. Blvd. South 2018 2019 2020 2021 2022 YTD Occupancy rates within the CRA districts containing industrial/ flex space were 100% as of 2022 YTD. Over the last 5 years, occupancy rates for these districts, as well as the CRA as a whole, have remained at 100% since 2018. Between 2017 and 2018, occupancy within the CRA increased 6%, from 94.7% to 100%, driven by the Sebastian Blvd, South District. Comparatively, the City experienced a 4.1% increase in occupancy of industrial/flex space during this some time frame, increasing from 96.1% in 2018 to fully occupied at 100.0% in 2022 YTD. 510 >L n c, $8 n m a $6 ac $ 4 C C�y1 `t $ 2 U.S .-1 Commercial Sebastian Blvd District South District Throughout the last 5 years, average rental rates of industrial/ flex space increased 33.1%, or $2.61, within the CRA: from $7.89 in 2018 to $10.50 in 2022 YTD. The Sebastian Blvd. South District and U.S.-1 Commercial District, the only two districts containing industrial/flex space within the CRA, experienced an increase in average rental rates over the lost 5 years of 32.8% and 35.6%, respectively. The industrial/flex market within the City also experienced a 32.6%, or $2.50, increase of average rental rates during this same time frame, from $7.68 in 2018 to $10.18 in 2022 YTD. 'YTD represents yaar-ro-dote 2022 January rhraugh November 2022 24 1 2023 Sebostion CRA Sustainable Redevelopment Master Plan 35 of 138 SPACE 01111ZATION Space utilization per job, particular to specific building types or industries, represents the typical square feet needed per employee and is a commonly used metric for measuring employment intensity and capacity. Although other factors, such as remote work and co -working space, can impact how much square footage is actually needed per employee, space utilization per job is generally a good indicator of space needed for both comfort and productivity in a physical setting. Within the City and the CRA, the square footage per employee for combined commercial space was approximately 477 square feet and 575 square feet per employee, respectively, with office and industrial space requiring significantly less square footage per employee than retail space. This is not surprising as retail space depends largely on "foot traffic" and requires substantially more accommodation space for customers. As the CRA continues to grow in terms of population, employment, and inventory of commercial and residential space, it is reasonable to assume the potential development opportunities will support the space utilization per employee currently being achieved in the marketplace. This space utilization analysis is intended to help guide the amount of square footage necessary to accommodate employees in both a comfort and productivity capacity for new commercial developments within the CRA. City of Sebastian Sebastian CRA Population 25,438 206 Employment 5,865 1,464 Jobs per 100 23.1 710.7 persons Commercial sq. Et. per Employee Office 85.0 149.5 Retail 282.0 357.6 Industrial 110.4 68.2 Total 477.4 575.2 Source ESM 2022 fstimores; COStm group; 6k consulronts, inc. A IL �ev�t '4; RCSIUENIW DWELLING UNIT CHARACEERISTICS As of the most recent 2022 estimates, total housing units within the P Sebastian CRA Capture % CRA are estimated to be about 167 units, which represents roughly 1.4% 200 20% of the total housing units within the City, at 11,845 units. Since 2010, total housing units within the City grew at a CAGR of 1.6% 0 approximately 1.6%, adding over 2,267 new units. Comparatively, the i 150 CRA has experienced a negative CAGR of 0.5% since 2010. Although the CD amount of units has decreased by nearly 12 units within the CRA since a, 1.2% 2010, the capture of the City's units has remained relatively stable over 100 this time period at an average of 1.6%. Og/° o c The following figures ° ° illustrate the change Housing City of Sebastian CRA capture 50 in total housing units Units Sebastian CRA to City within the CRA and 2010 9,578 179 t9% the capture of total 2020 11,205 170 1.5% housing units within 2022 Est. 11,845 167 1.4% - - the City from 2010 to CAGR 1.4% (0.5%) - 20f0 2020 20t2 2022 estimates. Sauce. Indian RWeTCounryTax Rot ES812022Esmnates, GAIConsuRanrs,Ole '. , ,.i i t 1! t l I(i. Of the 197 housing units within the CRA, condominium units represent the majority at 60% of the total share. Single family, multi -family, and . mobile/manufactured homes comprise approximately 28%, 8%, and 4%, respectively, of the total housing units within the CRA, as illustrated in the adjacent figure. The 100 residential condominium units are contained within the three condominium properties within the CRA; these include: • Oyster Say Resort, with 37 units, located in the Riverfront District. Oyster Pointe Resort Condominium, with 52 units, located in the Riverfront District. • River Oaks Townhomes, with 11 units, located in the Park District. In addition, the 15 multi -family housing units are located in the two multi -family properties within the CRA. Multi -Family Units l; Condominium Units Single Family Units 4% toobilel Manufactured Homes a Owner -occupied Renter -occupied The households within the City and the CRA average Sebastian 12% approximately 2.2 persons per household. Additionally, the CRA household tenure in the City and the CRA is predominantly City of owner -occupied, as illustrated in the adjacent figure. Sebastian "" 0% 20% 40% 60% 80% 10a•i As of most recent 2022 estimates, the percentage of vacant housing Sebastian CRA City of Sebostian units within the CRA at 17% is significantly greater than that of the 30% 28.0% City at 8%. This may be attributed to the substantial amount of ` seasonality and/or rotational vacancy occurring within the CRA o zs% compared to that of the City. Rotational vacancy includes units ; la e% 20% currently for rent, rented but not yet occupied, for sale, and sold but n.�� a not yet occupied. 0 15% 120% In addition, since 2010, vacancyrates in housing units have 9 8.3% l0% a.oi significantly declined in both the City and the CRA by 33% and 39%, respectively, as illustrated in the adjacent figure. A decrease in 5°/ vacancy rates can be attributed to an increase in quality of housing z units, a decrease in seasonality and rotational vacancy, and an 2010 2020 2022 increase in demand to reside within the specific area. Est 26 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 37 of 138 The average home values within the CRA at nearly $417,170 are significantly higher than the average home values in the City at $272,730, as of most recent 2022 estimates. According to the final 2022 Indian River County Tax Roll, the average just/market value per dwelling unit within the CRA was greater within single family units, followed by multi -family and condominium properties. On average, the residential properties within the CRA are achieving just/market values approximately 30% greater than those observed within the Cit . The following table details the average market values for all residential properties within the CRA and the City. Avg. Just/Market value Sebastian CRA city of Sebastian Single Family 5 319,450 $ 262,450 Mobile/ Manufactured 80,140 96,420 Homes Condominium 88,800 42,395 Multi -Family 165,350 158,320 C ,:)Sl, TO R; N'1 Of the total rental dwelling units within the City, approximately 1,623 units in 15 buildings are achieving occupancy rates of 97%. The average asking rent for multi -family properties withi'i the City has increased 7% over the last 5 years, from $1,845 in 2018 to $1,975 in 2022 YTD, January 2022 through November 2022; whereas, the occupancy within the City has also increased 0.31% during this same time frame. Since 2018, the City has absorbed nearly 100 multi -family units. Comparatively, since the inventory of multi -family properties within the CRA is minimal, the market rent per square foot was used to compare rental rates within this analysis. As a result, the average market asking rent for multi -family properties within the CRA at $1,248 per unit is significantly less than that observed in the City as of 2022 YTD estimates. The adjacent figure illustrates the average market asking rents by unit type within the fir CRA, as of 2022 YTD estimates. .. 5aurce. rrdbn River County 2022 Tox knlS OX ComukanN Inc Source. C09M c ovp. cal Cm LOd is Y.c section 2 Murket AssescsnigrOf )I3*1 1 The map below illustrates the areas of concentration for commercial uses (i.e., office, retail, and industrial); as well as residential uses, including multi -family, single family, and condo residential within the CRA's conceptual planning districts. Legend QSebastian CRA p Park District q r Sebastian Blvd. Mixed -Use O District tom• Q •;,Q � U.S.-1 Commercial District ■ Rlverfront District O -""' - • • •-- - _ Sebastian Blvd. South District O O O Property Use. MCP O o O office O O Retail 0 0 O O Industrial 0 O Multi -Family 0( o ! condo 0 'Z.. O V Q O Single Family o O 0 0 0 0 0 o0 o,Vo sr: O Q O ,M VO AWSEBASTiAV o O i gt N. O �a\� 3 O O co o� O o O o �o 0 �Q o s O o a Citrus Ave o O� }co �O Orange Ave 2. 3 O O 3 -'l0 O ------------------ ° .-- , @ o Blvd ��,a = --------------------- Aloe >1 o _C 1 28 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 39 of 138 MARKET P OTENTIA1 ANALYSIS The market potential analysis draws upon the previously described inventory analysis for commercial and residential markets, and comprises the following: (1) population and employment projections for the CRA; (2) consumer spending and retail leakage within the CRA as it relates to the City; (3) potential demand and supply of commercial and residential inventory over the next 15 years; and (4) potential development opportunities within the CRA. POPULA l ION AND EMPLOYMEN I PROJECTIONS POP01 ATINN' PROJECTIONS The Bureau of Economic and Business Research ("BEBR") has been instrumental in providing population projections for Florida and its counties since the 1970s. BEBR provides a high, moderate, and low ("H-M-L") growth projection extending to 2050 for all Florida counties; these projections are considered an industry standard when approaching population projections for counties in Florida. Although the moderate scenario is considered the most accurate forecast of future population change, the high and low scenarios illustrate a range of possible outcomes. It is important to note the population projections provided through BEBR solely reflect Florida residents, and exclude any seasonal population change as a result of tourism and visitation. In 2022, total population was estimated to be nearly 154,939 persons within the County, 25,438 within the City, and 206 within the CRA. Over the last 10 years, 2012 to 2022, the City has captured an average of 15.6% of the total population within the County annually. Whereas, the CRA has captured an average of only 0.12% of the total population within the County during this some time frame. Applying these capture rates to the County's net population change according to BEBR's population projections, the City and CRA's H-M-L future population growth can also be estimated throughout the next 15 years. The figure below illustrates current and projected population growth for the CRA through 2037. High - Moderate � Low 275 Sunset 2033 0 250 4 ao 225 c 200 175 2022 2027 2032 2027 Throughout the 15-year projection period, the City is estimated to experience an Increase in population between 9% and 37%, resulting in total population between 27,730 and 34,765 persons by 2037. Comparatively, the CRA is estimated to experience an increase between 9% and 35%, resulting in total population between 225 and 280 persons by 2037, In the moderate scenario, total population is estimated to grow at a CAGR of 1.3% for both the City and the CRA. The annual average ratio of establishment employment to total population in the County is 32.6 jobs per 100 people. By applying this ratio to the County's population projections according to BEBR, H-M-L future employment growth can also be estimated throughout the next 15 years. In 2022, total establishment employment was estimated to be nearly 52,360 persons within the County, 5,865 within the City, and 1,464 within the CRA. Over the last 11 years, 2012 to 2022, the City has captured an average of 11.2% of the total employment within the County annually. Whereas, the CRA has captured an average of 2.8% of the total employment within the County during this some time frame. Applying these capture rates to the County's employment projections, the City and Sebastian CRA's H-M-L future employment growth can also be estimated. Throughout the 15-year projection period, the City is estimated to experience an increase in employment between 0.2% and 42°%, resulting in total employment between 5,850 and 8,300 employees by 2037. Comparatively, the CRA is estimated to experience an increase between 0.7% and 41%, resulting in total employment between 1,455 to 2,065 employees by 2037. in the moderate scenario, total employment is estimated to grow at a CAGR of 1.3% for both the City and the CRA. The figure below illustrates current and projected employment growth for the CRA through 2037. High - - Moderate -Low 2,000 Sunset 2033 N m 1,750 0 Loot 2022 2027 2032 2037 Section 2 Market Asses;rftipf 13* 1 To assist with the potential positioning of development opportunities within the CRA amongst current and emerging supply of similar commercial uses, a retail gap analysis was conducted to examine the relationship between what households spend their income on and where that spending occurs. The act of residents within a defined market area leaving that area to purchase certain types of goods because they are not readily or abundantly available locally is commonly referred to as Retail Leakage. The retail gap analysis will examine both consumer spending behaviors and assess Retail Leakage within the City of Sebastian and the CRA to inform types of retail that might be appropriate and supported within the CRA, based on demand and supply. What individuals and households residing within the CRA spend on retail, restaurants, or other food service provides additional perspective for this consumer spending analysis. The most current consumer spending data provided by the U.S. Census for the CRA and the City is 2022 estimates. As of 2022 estimates, the CRA had an approximate total of approximately $8.9 million in consumer spending, comprising only 1.03% of the $872.4 billion of consumer spending within the City. Within the CRA, the largest consumer spending categories are retail goods, housing, and food (away and at-home), comprising 29%, 28%, and 11%, respectively, of the total consumer spending within the area. These large consumer spending categories within the CRA are not surprising, since the area represents a broad mix of retail and restaurant space, as well as higher valued residential properties along or adjacent to the Indian River lagoon. The breakdown of consumer spending categories within the CRA is illustrated in the following figure. Personal Care Product Alcnholic Beverages Housekeeping Supplies Education Apparel & Sesvic Household Oper Travel E rtertoinment JR Food Away [rom Food At Home Health Case Transpol(anon Housing Retail Goods 0.6% I 0.7% 1.0Y t .. 16% M Similar to the CRA, the largest consumer spending categories within the City are retail goods, housing, and food (away and at-home), comprising 28%, 27%, and 11%, respectively, of the total consumer spending within the City. Additionally, the CRA is capturing approximately 1.03% of the total consumer spending occurring within the City as of 2022 estimates. Across every retail category, the CRA is capturing a relatively consistent share of consumer spending within the City, between 0.9% and 1.07% of the spending in each category. The table below illustrates the total consumer spending by retail category for the City and CRA as of 2022 estimates. Consumer Spending (000s) CRA % Capture Retail Category City of Sebastian Sebastian CRA of city Alcoholic Beverages $ 6,197.5 $ 63.3 1.02% Apparel & Services 20,243.7 202.3 1.00% Food Away from Home 36,459.8 373.4 1.02% Food at Home 54,935.6 572.9 1.04% Education 14,946.0 139.2 0.93% Entertainment/Recreation 32,759.6 330.8 1.01% Health Care 67,278.5 691.4 1.04% Housekeeping Supplies 8,108A 86.7 1.07% Household Operations 21,948.E 220.3 1.00% Housing 243,364.6 2,472.5 1.02% Personal Care Products 4,934.7 51.1 1.03% Retail Goods 245r513.2 2,556.6 1.04% Transportation 90,568.2 925.2 t02% Travel 25,134.1 258.3 1.03% Total $ 872,392.8 $ 8,950.1 1.03% Source. FSRI 2022 EStiniotes; US. C&J1SGS; GAI Gonsuttanrs, Inc. 1 30 1 2023 Sebaslion CRA Sustainable Redevelopment tv4ostel Plan 41 of 138 RF PAIL LEA.KAC-F The retail gap analysis compares and contrasts Retail Leakage occurring within the CRA and the City from permanent and visiting population at each 3-digit NAICs industry code between 44-45 (Retail Trade) and 772 (Food Services and Drinking Places). A Retail Leakage analysis illustrates the dollar value difference between consumer expenditures in a market area (demand) and the corresponding retail sales of the market area stores (supply). The Retail Gap presents a snapshot of retail opportunity, and is a measure of the relationship between supply and demand. A positive Retail Gap value indicates there is greater supply than current demand. Overall, the CRA is experiencing a retail surplus of nearly $82.4 million per year. Food Services and Drinking Places comprise $12.1 million of the total annual retail surplus; whereas, Retail Trade comprises $70.2 million of this share. This retail surplus occurring within the CRA is primarily driven by an abundance of supply (sales) within Building Material/Garden Equipment and Supply Stores, Food and Alcoholic Drinking Places, and Health and Personal Care stores, which significantly exceed existing demand within the CRA. Comparatively, the City is experiencing a retail leakage of nearly $132.5 million per year. Food Services and Drinking Places comprise $18.1 million of the total annual retail leakage; whereas, Retail Trade comprises $114.4 million of this share. This retail shortage is primarily driven by a lack of supply (sales) within Health and Personal Care, Motor Vehicle and Parts Dealers, and Food and Alcoholic Drinking Places to meet existing demand within the City. Based upon analysis of spending patterns, existing inventory, and retail surplus within the CRA, there appears to be very little need for additional retail capacity within the CRA. However, there are important distinctions between need and demand. Need is a relatively static concept, driven primarily by deficient supply. Viewed through such a lens, need is largely a planning and welfare matter often measured exclusively by gains or losses in population. Responses to need typically focus on community priorities without reference to the capacity of the market to provide alternatives through profit -driven transactions. Needs are real and definable, but they cannot always be adequately addressed. Demand, on the other hand, is a dynamic concept. It is very price and product driven --functionally, the result of choices, age, lifestyle, preferences, and continued movement of the population. Even when need is limited, demand can be strong in a marketplace that has proven itself a reliable and systematic source for products and services. In the present case, there are elements of both need and demand within the CRA. To that point in particular, residents outside the CRA are drawn to the area to meet shopping -related needs, as illustrated in the table below. Comparatively, there is need and demand for additional retail capacity within the City to meet shopping -related needs. Although some of this needed demand within the City could be met by additional industry -specific retail capacity within the CRA, development should be conducive to the existing supply of retail in terms of character, space, and scale to the CRA. Altogether, this retail gap analysis helps identify opportunities for industry -specific retail uses that could be supported by the current demand within the CRA and the City. Retail Gap NAICs Industry Sector Sebastian City of CRA Sebastian 441 Motor Vehicle & 8,724,240 (19,017,588) Parts Dealer Furniture/Home 442 Furnishing Stores 3,012,192 (17,952,450) 443 Electronic & 670746 (13,444,549) Appliance Stores Bldg. Material, 444 Garden Equipment/Supply 20,081,959 2,465,385 Stores 445 Food & Beverage 5,761,623 15,379,518 Stores 446 Health & Personal 11,340,093 (45,118,757) Care Stores 447 Gasoline Stations 1,173,569 (4,239,527) 448 Clothing/ 1,654,677 (16,223,738) Accessories Stores 451 Sports/Hobby/ Book/Music Stores 875,048 (2,576,980) General 452 Merchandise 5,700,963 (3,850,179) Stores 453 Miscellaneous 9,448,377 (2,498,809) Store Retailers 454 Non -Store Retailers 1,798,697 2,688,118 772 Food Services & 12113 759 (18,087,419) Drinking Places Total 82,355,943 (132,476,975) Source ESR72022 Estimates; US. Census, GA1 Consultants, Inc, Section 2 Markel Assess42rQf 113�1 1 Cr �?." .1F �'t Y- I SPAC F Fri 14A NI } AI•d,^,l Y'SlI Demand for commercial space is a function of This demand analysis predicts that in the near - the type and nature of the employment industry term, 2022 to 2027, the rates of growth will be slightly it supports. While strong health care and social higher, at a CAGR between 0.5% and 3.5%, as the assistance services, retail trade, and food services CRA reacts to potential development opportunities industries exist within the CRA, the County is to accommodate new population and employment expected to remain the major draw for regional growth, as well as increases in visitation and the employment. The consequence is that most tourism industry resulting from the recovering employment growth and, therefore, demand for economy following the latest recession. commercial space in the CRA would be driven Throughout the remaining projection period, the by supporting population needs in services addition of new commercial space is predicted to and community and neighborhood retail and grow at a slightly slower, steady rate between 0.1% restaurants. and 1.5% CAGR, as supply of vacant commercial land lessens and redevelopment of existing space comprises the majority of additional growth in Based on the H-M-I. projections of population commercial space. These rates of growth are similar and employment through 2037, along with the to what the CRA has previously achieved over the space utilization per job ratios, CRA would need last 10 years. an increase of between 16,000 and 367,170 square feet of additional commercial space (office, in the moderate scenario, demand for retail space retail, and industrial) to support new demand— will comprise the majority of the new commercial roughly an annual rate between 1,100 and 24,500 development within the CRA at an estimated 66.5% square feet per year. The table below illustrates of the share of new commercial growth by 2037. the H-M-L estimated total square footage for Demand for office and industrial space will comprise combined commercial space throughout the - a relatively modest share of the new growth by 2037 15-year projection period in 5-year increments at 23.0%and 10.5%, respectively. that is reasonably achievable based on demand projections. ; Although the land needed to accommodate this Combined Commercial Sq. Ft. commercial demand growth is unknown —either Low Moderate High because existing vacant lands are not currently 2022 820,110 820,110 820,110 planned for development or they exist in a use that does not allow for commercial development. 2027 842,660 924,330 1,006,210 What is known, is that within the CRA exists a stock 2032 844,450 972,930 1,101,520 » of 84 parcels with a combined total of 48.4 vacant 2037 836,150 1,011,770 1,187,280 o commercial (office and retail) and industrial acres, W as illustrated in the table below. Totall5-Year % 20% 23.4% 44.8% Change Use Code Total Acres # of Parcels Avg. Annual 1,070 12,780 24,480 Growth 5q. Ft. Vacant Residential 3.02 2 Source CoStar Group, GA1Consultants inc Note Values are estimates vacant Commercial 30.5 66 Vacant industrial 17.9 18 The figure below illustrates the year -over -year H-M-I_ vacant Institutional 0.24 1 demand estimates for total commercial space Total 51.61 87 through 2037. SO FCe ninun Rfmi county rm Roll. GAI COnSIlROWS, tnc a High Moderate low 1.2 Applying the average floor area ratio ("FAR") for o existing commercial properties within the CRA, at to an FAR of 0.21, it can be estimated that the new commercial demand will need between 91.4 to 129.8 u- a.8 acres of vacant land for development by the end i of the 15-year projection period. Given the limited 0.6 amount of vacant commercial and industrial land m existing within the CRA, there is likely not adequate E0.4 land to accommodate future employment and a commercial demand needs through 2037. As a 0 0.2 result, redevelopment of existing properties and sites within the CRA at higher densities/intensities should - be considered to accommodate this future demand. 2023 2025 2027 2029 2091 2033 2035 2037 Sunset 1 32 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 43 of 138 RESIDENTIAL. DEMAND ANALYSIS Demand for new household formation from population growth is not exclusively a product of the supply and sales of residential housing units, but the ability for an area to accommodate overall demand for housing, which is linked to the steady supply of new housing units. Absent the construction of new housing units, population growth within the CRA is likely to stagnate. Thus, it is important to recognize new housing unit stock as both an opportunity to accommodate new households as well as provide existing households the opportunity for household mobility. The net effect either way is the accommodation of housing supply to meet demand. The historic mousing supply as it relates to historic population within the CRA has remained relatively stable since 2010, as detailed in the following table. Population Households Housing units 2010 162 76 179 2020 192 91 170 2021 198 91 168 source. Indian River County Tax Ro$ [SRI2022 Estimates; GAI Consultants, Inc. Although total housing units have experienced a slight decline, total households have seen a positive growth of 15 households since 2010. This decline in housing units may be attributed to increases in seasonal and/or vacation housing units. To note, a household includes all the persons who occupy a housing unit as their usual place of residence; whereas, a housing unit is a house, an apartment, a mobile home, a group of rooms, or a single room that is occupied (or if vacant, is intended for occupancy) as separate living quarters. In addition, residential sales activity within the CRA has also been relatively stable over the past several years; however, 2022 saw a notable increase in both sale activity and average sale price per square foot, specifically for single family, as illustrated in the table below. However, there have not been any new residential units constructed within the CRA since 2008; this may be stimulating sales activity to meet demand to support population growth and new household formation, along with the exchange of housing among existing residents. 2016 2017 2019 2021 2022 Single Sales 3 1 2 1 6 Family Avg. $/Sq. Ft. $201 $1,263 $236 $143 $466 Safes - - 1 - Condo Avg. $/Sq. Ft. - - $186 - Multi- Sales - - 1 - - Family Avg. $/Sq. Ft. - - $205 - - sou+ce Jnddan fter county rax R04 GAI Consultants, inc Note: There were zero sales for residentiaf activity in 2016 and 2020. VIEW HOUSING DEIO1,K'f1' Based on the projections of population over the next 15 years, through 2037, as well as considering the average persons per households and the annual vacancy rates attributed to seasonality, the stock of housing units within the CRA would need to grow by about 35 units to support new residential demand. This new demand equates to an annual rate of roughly 2 units per year. The following table illustrates the estimated total households and housing units throughout the 15-year projection period in 5-year increments that is reasonably achievable based on demand projections. Households Housing Raw % Vacant Units Change 2022 94 167 17.0% 2027 155 182 15 17.5% c 2032 164 193 3 11 18.0% 1 2037 171 202 9 18.5% c CAGR 4.1% 1.3% SOUrCa NK*an Rlver County Tax Roll- ESP 2W fstunates, GAI Consultants, Inc Note Values are estimates FRUXI(AMF RESN)FOTIP1 CAPACITY (SUPPLY) Although the land needed to accommodate this residential demand is unknown —either because existing vacant lands are not currently planned for development or they exist in a use that does not allow for residential development. What is known, is that within the CRA exists a stock of just 2 parcels with a combined total of 3.02 vacant residential acres, as illustrated in the table below. Given the average residential densities existing within the CRA for single family and condominium units are 2 dwelling units per acre and 13 dwelling units per acre, respectively, the limited amount of vacant residential land existing within the CRA is likely not adequate to accommodate future population growth and housing needs through 2037. As a result, redevelopment of existing properties and sites within the CRA at higher densities/intensities should be considered to accommodate this future demand. Use Code Total Acres # of Parcels Vacant Residential 3.02 2 Vacant Commercial 30.5 66 Vacant Industrial 17.9 18 Vacant Institutional 0.24 1 Total 51.61 87 Source. OdOn River Counry Tux Rol( GAI Consultants, inc. Section 2 Market Assess"410f 1383 1 POTENTIAL DEVELOPMENT OPPORTUNITIES The potential development opportunities for commercial and residential markets within the CRA are based on existing land use data, current demographic and socio-economic characteristics, market inventory trends, and the retail gap analysis; as well as considering the 15-year future growth in population, employment, and commercial and residential demand. In addition, an Investment and Redevelopment Opportunity Index ("ROI") model, detailed below, also contributed to defining potential development opportunities within the CRA. The ROI included in this analysis has been developed using weighted values that can identify potential investment and redevelopment properties located within a specific area. For the purpose of this analysis, investment and redevelopment opportunities were examined for the entire CRA. The ROI model defines investment opportunities as current for - sale commercial properties or available vacant land. Whereas, the ROI model defines redevelopment opportunities as select properties --including commercial, residential, and industrial -based on DOR property use codes, with an opportunity index score greater than 80. These redevelopment opportunities generally represent developed properties that may be in active use and are, in most cases, not currently on the market for sale. While many legal, physical, and economic factors ultimately play a role in the viability of redeveloping properties, the general factors used in the ROI model include the following: Property Utilization in terms of Floor Area Ratio ("FAR"). Age of the Improvements. Relationship between Land and Improvement Value. Total Market Value, including Land and Improvements per square foot of Property. Size of Parcels. Each of these factors for these properties is weighted to provide a measure between 0 and 100, Values closer to 100 reflect factors in favor of redevelopment, and values closer to 0 reflect less favorable indicators for redevelopment. For this analysis, properties scoring 80 or above are considered significant redevelopment targets. The potential investment and redevelopment opportunities are identified in the table below. It is important to note, the ROI Model does not consider any other legal, physical, or economic factors that may influence development opportunity. DOR Land Area Area Year Just Code (AC) (Sq. Ft.) Built Value Investment Onnortunities "ro al_priae1 4000 9.20 1555 Dixie Hwy. ($1,999,000) 200-203 Sebastian Blvd, ($455,000) 1000 1.58 1527 N. Indian River Dr. ($2,900,000) 6700 1.38 1424 U.S. Highway 1 (1,995,000) 1900 1.37 1026 Indian River Dr, ($799,000) 0100 130 1979 U.S. Highway 1 ($1,495,000) 2300 1.15 1531 U.S Highway 1 ($1,530,000) 1000 057 919 Main St. ($250,000) 0100 0.21 Redevelopment O ort�l 1660 Indian River Dr 2100 3.60 608 Davis St. 0100 2.93 1644 Central Ave. 0100 1.98 250 Sebastian Blvd. 1100 1.83 N. Central Ave 4900 1.72 1524 U.S Highway 1 2300 1.70 Riverview Parking Lot 8900 0,00 1109 Indian River Dr. 2100 1.48 1020 U.S Highway 1 2300 134 300 Sebastian Blvd. 1700 1.32 1026 Indian River Dr. D100 130 1625 U.S. Highway 1 2100 1.25 717 Coolidge St 2100 1.09 710 Jackson St 2500 104 1413 N. Central Ave. 1100 0.80 941 Indian River Dr 0100 0.80 725 Toft 5t. 4900 0.77 1413 N. Central Ave. 1100 0.80 941 Indian River Dr, 0100 060 725 Taft St. 4900 0.77 1004 U.S. Highway 1 2700 0.70 1716 U.S Highway 1 1100 0.64 1605 U.S Highway 1 2100 0.63 1315 N. Central Ave 1900 0.60 1215 Indian River Di 8900 0.51 1545 U.S. Highway 1 1200 0.43 1564 U.S. Highway 1 1700 0.37 1624 N Central Ave 1100 0.34 190 Sebastian Blvd B900 0.29 Source Maim kkw Property Appioiser. COSrar Gfoup, GM Consultonts. tnc 32,813 1997 2,203 1955 25,615 2000 ri�I:iS1±L•F? 5,634 1,062 2,040 12,296 1,195 8,240 12,203 40,234 2,149 2,203 2,732 21,308 11,091 2,350 2,714 480 2,350 2,714 480 2,446 1,148 3,422 1,455 3,560 2,419 1,930 1,905 1,040 1998 1950 1976 1980 2013 1970 1977 1981 1956 1955 1986 1979 1972 1966 1946 1970 1966 1946 1970 1959 1952 1979 1911 1951 1925 1949 1956 1935 S340,639 $222,221 $731,009 $1,516,467 $733,061 $448,130 $169,606 $63,095 $2,069,446 $637,386 $482,810 $721,729 $323,719 $1,058,938 $515,538 $1,174,334 $652,003 $222,221 $733,061 $777,037 $490,903 $476,363 $245,951 $ 261,166 $67,181 S245,B51 $261,166 $67,181 $288,129 $212,614 $601,416 $143,852 $250,438 $200,749 $126,986 $99,724 $51,037 i 34 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 45 of 138 The following map illustrates the potential development opportunities —investment (for -sale) and redevelopment properties ---identified in the prior table, and identifies the conceptual planning district: each properties falls within the CRA. Legend E_i Sebastian CRA L Park District Sebastian Blvd. Mixed -Use District U.S.--] Commercial District Rivertront District Sebastian Blvd. South District Development Opportunities O For -Sale Commercial Q For -Sale Land O Redevelopment Properties O Investment & Redevelopment Opportunities 109 SECTION SUMMARY The intent of the Market Assessment and Economic Analysis is to identify the market for potential commercial and residential development opportunities within the CRA, and to provide insight on the demographic, socio- economic, and market performance trends within the CRA and broader City as a whole. Ultimately, the Market Assessment and Economic Analysis, in combination with Section 1: Existing Conditions and Baseline Evaluation, serve as reference tools. These documents are also used as resources in this 2023 Sebastian CRA Master Plan. Section 2 Market Assessn4iyibf 13;8 i L SECT ION THREE_ CONTENTS Public Input and Public Workshops Introduction ............ 38 Public Input Process.....................................................................38 Sebastian CRA Master Plan Informational Webpage & Announcements............................................................................................38 Public Workshops Engagement Activities .........................39 PowerPoint Presentation & Exercises..............................................39 Public Engagement Observations & Findings...................40 Survey................................................................................................... .........40 Exercises......................................................................................................................40 Addition a I Observations...............................................................................41 48 of 138 PUBLIC INPUT & PUBLIC WORKSHOPS It*4 k Ili* �� W�-. i,1Qt As a part of this 2023 Sebastian CRA Master Plan, public input was gathered and public workshops were conducted. The main focus of these activities and workshops was to listen and learn from various segments of the community. The public workshop activities included conducting two advertised public workshops held in March 2023 to review and seek input for the 2023 Sebastian CRA Master Plan by presenting a PowerPoint, as well as hands- on exercises, which helped engage the community and draw additional feedback related to the 2023 Sebastian CRA Master Plan. Prior to the public input sessions, a Sebastian CRA Master Plan 2023 Update information webpage and project specific community survey was launched to expand the means by which residents and other interested parties could provide their perspective on how the CRA can progress to enhance the redevelopment in a sustainable manner. The Public Input and Public Workshops Assessment PUBLIC INPUT i ��.t: 1 J-4 F._" identifies the ideas, goals, and aspirations of the residents and businesses within the CRA, which informs community strengths, opportunities, themes, and priorities for development within the CRA and City as a whole. In combination with Section 1: Conditions and Baseline Evaluation Report, as well as Section 2: Market Assessment and Economic Analysis, Section 3: Public Input and Public Workshops Assessment, serves as a resource in this 2023 Sebastian CRA Master Plan. St BAS11AN iviASIFIR H AN INE-OE• MAI IONAI \A/FBPA(� F S• Ai\INOI lI11(;FN41 NITS An information webpage was launched in early February 2023 to establish a means for residents and businesses to become familiar with the 2023 Sebastian CRA Master Plan, as well as provide announcements for the public workshops and participation in the community survey. The informational web -page included a general overview of the CRA's five conceptual planning districts and access to the findings and observations from Section 1: Existing Conditions and Baseline Evaluation and Section 2: Market Assessment and Economic Analysis conducted as part of this 2023 Sebastian CRA Master Plan. The community survey was also accessible from the informational webpage and sought community input regarding key issues, opportunities, current and potential projects, and current and potential programs within the CRA through a series of questions and free - response comments. Public announcements were made at City public meetings via their marketing platforms to highlight the public workshops and community survey. MASUR PLAN UPOATS "23 IW�i1'1AN�ARlW7 ....—..r. _ - r•h M�u�u..fvw.�H+/+r-�.e�V+,emu Aio.ywa1r �.rv.r �Mr.�If�G WLWrwry.uau.u�+Y 1 38 1 2023 Sebastian CRA Sustoinabie Redevelopment Master Plan 49 of 138 ENGAGEMENT ACTIVITIES POWERPOINI PRESIEN IAT€ON & EERC!SES Two public workshops were held on March 1, 2023 from 11AM-1PM and 5PM-7PM. The Project Team, made up of CRA staff and GAI Consultants, Inc., presented a PowerPoint related to the 2023 Sebastian CRA Master Plan. The presentation defined the CRA, illustrated alternative design criteria, identified the location and proposed improvements of potential redevelopment projects, revealed the proposed catalyst sites and opportunities, and identified proposed performance overlay criteria within the CRA. i :: In addition, there were four exercises conducted at the public workshops to further gain community feedback, these exercises included- - ..r.....r -- Participants tkERCISEI EXERCISE indicated how they would HOUSI".OIL11YOU SK-NN- PRESERVING THE TOWN'S CHARACTER allocate $10 "Sebastian" dollars Roads & Pedestrian �- _.--. ®9 within the CRA. connectivity ~��rh, _-.. W.M Parks & Public Spaceso HousinIZJ,,aructer Participants gI .�„ I - _ identified which design Public Safety— �,.. �. elements and color schemes Drainage & Infrastructure within the CRA most accurately Parking Improvements represents the "Old Florida 10, 1�k Fishing village".=�- '. Conceptual Planning uistEit . Participants indicated which ExEk 5 E 4 major projects from the 2010 CATALYSTS ES which major piojects hom the 7s11u 5ebaslion CRA Mos Ivr - Whos did you Sebastian CRA Master Plan they plan Woold you like to see continued? Ilk&most about would like to See continued Whui nvw project or progroms would you like to sev the Cololyct She lmplvmenr&d? conceptual deslgnP _ within each of the CRA's _ .._ w"'� a .a+ .." What would you \ planntannin . `h`n91 ing districts + ` � � rt� eonwoptweaptuar des(gn? Participants reviewed the conceptual designs for the proposed r- catalyst sites and provided their feedback. Section 3 f',!ulir 150Wf 1399 1 PUBLIC ENGAGEMENT OBSERVATIONS & FINDING The exercises identified on the prior page, in addition to the community survey, resulted in various observations and findings from the residents, business owners, stakeholders, and other interested parties of the CRA. These observations and findings are highlighted below. Nearly 150 respondents participated in the community survey. Of these respondents, approximately 60% were older than 55 years of age. The ma'orit of respondents visit the CRA (52%), while the remaining work within the CRA (13%) and live within the CRA (35%). About 60% of the respondents visit the CRA over the weekdays, with shopping and dinin (70%), community events (68%IT entertainment (53%), wildlife viewingjfishing'(48%), and physical fitness (47%) comprising the majority of activities participants engage in while visiting the CRA. During the public workshops, participants indicated that the majority believed the community elements and color schemes which best represented the "Old Florida Fishing Village" were Active with Natural Tones and Traditional Iconic Elements, as illustrated in the adjacent figure. The Active with Natural Tones theme represents an active waterfront with restaurants, boat docks, and social opportunities; wheres, the Traditional and Iconic Elements theme represents traditional coastal buildings with iconic elements and vibrant accents. The results from this exercise are consistent with the 150 community survey responses —where Traditional Iconic Elements, Active with Natural Tones, and Active Coastal Vibes comprised the majority. Respondents were most familiar with the Riverfront District as part of the CRA planning districts. Although respondents indicated there were relatively equal improvement needs for each conceptual planning district within the CRA. The entire community survey results can be found within the Appendix. EXERCISE:, During the public workshops, participants allocated the majority of their "Sebastian" dollars to drainage and infrastructure, as well as parks and public spaces, as illustrated in the adjacent figure. 17% Roads & Pedestrian 25% Connectivity Drainage & Infrastructure Housing Public Safety 2..4% Parks & Public Spaces lk% Parking Improvements The results from this exercise are consistent with the 150 community survey responses —where parks and public spaces, drainage, and parking were some of the local elements which had the highest priorities indicated by the respondents. ,Ff��� raeE rOW".r+c PNESERV!kC THE TOWW1 CHARACT[R =+,� Y, �,i� 4L 1/ •- 4 t 1;l5, 11 LIKE Small Scale & Vibrant 5% Active with Natural Tones 2% Mix of Modern & Traditional 10% Traditional & Iconic Elements Active Coastal Vibes 5% Modern Coastal 151Y. 1 40 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 51 of 138 Highlighted below are the major projects that the majority of the participants at the public workshops would like to see continued from the 2010 CRA Master Plan within each of the CRA's conceptual planning districts. Park District Upgrades and renovations to Riverview Park. Increased pedestrian connectivity. New recreational piers. Sebastian Blvd. Mixed -Use District Addition of a 10-feet wide walk/ bikeway and large shade trees. Addition of a new park within the district. Addition of signage and gateway markers. U.S.-1 Commercial District Delineated pedestrian crossways along U.S. Highway 1. Streetscape improvements, including lighting, median enhancements, and burying utility lines throughout U.S, Highway 1, Riverfront District Create pocket parks, wildlife observation areas, and seating ADDITIONAL OBSERVATIONS Participants at the public workshops were able to provide feedback on new projects and/or programs that they would like to see implemented within the CRA, as identified in the list below. Introduce a trolley business in the CRA to provide transportation to events and/or festivals. Add compost/recycling/ landfill program. Ensure that air, lagoon, and plant health are a top priority. Convert all waterfront existing businesses to biodegradable plastic use. Increase safety of bike paths and crosswalks, especially opportunities along the east side of Indian River Drive. Improve walkability through bicycle and pedestrian paths along the roadway. Sebastian Blvd, South District Add adequate setbacks and vegetative landscaping to create a boundary from Sebastian Boulevard Mixed -Use District. Each of these major projects identified by the participants at the public workshop are consistent with the 150 responses from the community survey, as further illustrated within the Appendix. Participants at the public workshops were able to view conceptual designs for the five proposed catalyst sites within the CRA. In addition, the 150 community survey responses were also very supportive of the proposed catalyst sites for redevelopment —on average of roughly 40% indicated that they strongly agree with the proposed catalyst sites. The following highlights the common responses regarding the strengths and concerns related to the conceptual designs, across the railway, and add more shade along trails. Increased safety measures within the Sebastian CRA. In addition, the 150 community survey responses also identified the level of importance each existing project and program within the CRA possessed, which was consistent with the results from the public workshops. Specifically, property acquisition and revitalization, capital improvements, and special event funding projects were each ranked as very important by the respondents. Additionally, the Clean Water Program and STRENGTHS: Expanding the working waterfront and maintaining riverfront views. A great use of the area to provide more food and entertainment options. Increasing parking in the area and creating safe crosswalks. Enhancing the "downtown" with a more natural scene. Positive responses regarding the kayak beach area and canopy concept. Keeping traffic away from events but still having a way travel south. Expanding Riverview park to be more flexible. CONCERTS: Moving parking away from the water. Safer crossing across railroads and U.S. Highway 1. Increased natural habitats (rooftop gardens, retention pond with fish/wildlife habitat, walking paths, etc.) Restrict mixed -use to 100% sustainable. Keep the top of the proposed parking structure at Riverview Park natural with trees, tables and benches for river views. the Septic -to -Sewer Connection Grant Program were both ranked extremely important by the respondents. These responses are further detailed within the Appendix. w FAI Section 2 : , ' i( 52 trf 113811 I SECTION FOUR CONTENTS Redevelopment Plan Introduction...................................................44 Accomplishments of the Sebastian CRA.................................................................45 Purpose of the Redevelopment Plan & Description of Plan Powers.......................................................................................................... 46 Review of Current Conditions and Infrastructure Development Programs................................................................................................................. ............... .......46 ..... . ..... Required Contents of a Redevelopment Plan....................................................46 Authorized Redevelopment Trust Fund Expenditures..................................48 Comprehensive Plan Consistency.................................................................................49 Sebastian CRA Major Themes............................................................52 GuidingPrinciples....................................................................................53 Recommended Improvement & Redevelopment Activities and Programs within the Sebastian CRA..................................... 54 Redevelopment and Improvement Activity by Conceptual PlanningDistrict.................................................................................................................................54 Redevelopment Programs-- ............................................... ................................................ 54 Conceptual Planning Districts' Priorities ....................................... 55 Location & Conceptual Design of Opportunity Site's CatalystProjects..................................................................................... 56 Proposed Sebastian CRA Performance Overlay DesignCriteria.......................................................................................... 60 RiverfrontOverlay District...........................................................................................................61 County Road 512 Overlay District.....................................................................................62 Sebastian Boulevard Triangle Overlay District...................................................64 Tax Increment Financing Projections ............................................. 66 Overview & Major Assumptions.........................................................................................66 Reviewof Millage Rates..............................................................................................................67 Tax Increment Projections.......................................................................................................67 Alternative Funding Options & Incentive Programs ................ 69 Potential Receipts and Capital Contributions... ................................................. 69 Other Complementary Programs, Dollars, or Funds.....................................70 IncentivePrograms..........................................................................................................................71 Proposed Updates to the Capital Improvements Plan ............ 73 Recommended Strategies for implementation .........................74 Administration of the Redevelopment Plan... ....................................................... 74 OverlayDistricts................................................................................................................................. 74 CatalystSites........................................................................................................................................74 OpportunitySites..............................................................................................................................75 54 of 138 REDEVELOPMENT PLAN INTRODUCTION As an updated plan, this 2023 Sebastian CRA Master Plan recaps the basic contents, projects, and milestones of the 1995 efforts to strengthen the foundation for renewed objectives, programs, and proposed funding allocations going forward. The content of this 2023 Sebastian CRA Master Plan includes, but is not necessarily limited to, the following: An overview of the CRA and conceptual planning districts. Recommended improvement programs. Updated and prioritized short- and long -terra projects and timelines. Illustrated conceptual designs for potential projects and opportunity sites within the CRA. Review of the existing Performance Overlay District criteria and provided recommendations. Updated tax increment financing projections. Proposed updates to the Capital Improvements Plan addressing a 15-year time frame. Recommended strategies for implementation. As a result of this 2023 Sebastian CRA Master Plan, whatever programs or improvements are implemented or made, will be consistent with the City and the County's most recent economic sustainability practices. Indeed, economic sustainability itself needs to be considered in the broadest terms possible as this 2023 Sebastian CRA Master Plan is administrated. Chapter 163 authorizing this and similar redevelopment plans, makes it clear that sustaining the existing tax base through discrete and purposeful redevelopment actions and investments are desirable and appropriate actions for local governments. In this case, such actions are seen as the means to avoid the decline in competitiveness condition that sometimes challenge tourist areas in Florida and other parts of the country. j 44 1 2023 Sebastian CRA Sustainable Redevelopment Master Plon 55 of 138 The long-term perspective of this 2023 Sebastian CRA Master Plan, described in some detail on the pages that follow, concludes with a series of recommended investments or activities and a proposed funding allocation for each, consistent with the revenues expected within the CRA over the next several years. In sum, the analysis underlying this effort extends ideas or concepts introduced in the 1995 Sebastian CRA Master Plan, and subsequently updated in 2003 and 2010. This 2023 Sebastian CRA Master Plan enhances those prior plans with a broader vision, more diverse policy framework, and a heightened awareness of the need for economically sustainable practices. ACCOMPLISHMENTS OF THE AGENCY Major activities and accomplishments of the Agency in 2021 and 2022 include the following: • Provided financial support for multiple events within the Riverfront District that attract many participants, providing revenue to local businesses including: Clam Bake, Shrimpfest, Concerts in the Park Series, and Fine Art Festival. • Provided funding for Holiday decorations to enhance attraction to business district during holiday season. • Continued funding grant programs that support public/private projects including: the Septic to Sewer assistance program and the Facade, Sign and Landscape grant program. • Funded Submerged Land Leases for continued waterfront access and riverfront activities. • Continued implementation of the Sign Master Plan for the Working Waterfront and Riverfront District. • Completed Florida Inland Navigation District funds reporting for Fisherman's Landing Working Waterfront Park. • Provided waterfront/streetscape maintenance & facility improvements. • Continued funding of improvements to Riverfront Park including irrigation and landscape. • Worked with Florida Department of Transportation (" FDOT" ) on Complete Streets design for pending improvement project on U.S. Highway 1. • Completed construction of the Working Waterfront Shoreline Protection and Commercial Fishing Distribution Center Parking Lot Improvement Plan. • Completed pedestrian walking trail connection from U.S. Highway 1 to Indian River Drive by constructing sidewalk on N. Central Avenue as part of the Community Development Block Grant ("CDBG") action plan. • Secured Florida De artment of Economic Opportunity ("DEO"grant for CRA Master Plan update. Since the adoption of the Sebastian CRA Master Plan in 1995, numerous other projects have been accomplished, these accomplishments include, but are not limited to, the following: • Completed construction on the Indian River Drive/Main Street intersection project. • Established a Facade, Sign and Landscaping matching grant program. • Updated the Sebastian CRA Master Plan in 2003 and 2010. • Provided matching funds to the Stan Mayfield Grant that was used for the purchase of the Working Waterfront Properties. • Established a Sewer Connection Grant Program in 2015 to encourage septic to sewer conversions and reduce pollution into the Indian River Lagoon. Obtained funding assistance from the Indian River Lagoon National Estuary Program ("IRLNEP") for the Septic to Sewer assistance program in 2018 to the present. • Completed roadway improvements to the "Presidential Streets" and Baffle Box installation for improved water quality at the outfalls. • Completed repairs to the CavCorp boat parking property. • Completed a Riverfront Parking Study in 2011 resulting in the establishment of the Parking -in - lieu program for parking within right-of-way of business district. • Acquired property along the Indian River Lagoon shoreline for preservation as an extension of public property. • Re -paved Indian River Drive and improved drainage swales and provided new enhanced pedestrian cross walks. • Funded necessary repairs to the Working Waterfront historic property including: historic building repairs; new elastic coating roof; new plumbing and dock maintenance. • Initiated Sign Master Plan design by incorporating compatible public property identification signs throughout Riverfront District. • Completed Riverview Park Sidewalks per the Park Master Plan. Section 4 Redevelopmenfelof 1[3 c45 1 PURPOSE OF THE REDEVELOPMENT PLAN & DESCRIPTION OF PLAN POWERS REVIEW OF CURRENT CONDITIONS AND INFRASTRUCTURE DEVELOPMENT PROGRAMS The Sebastian CRA Master Plan was adjusted in very modest ways over the years since it's creation in 1995. While some changes in project priorities may have occurred; there were only nominal shifts from the originally adopted activities and remained centered on sustainable strategies and opportunities to encourage reinvestment and redevelopment within the CRA. Major priorities included in the most recent 2010 Sebastian CRA Master Plan, focused on: 1. Preserving the historic character; 2. Enhancing the waterfront as a resource; 3. Maintaining low residential density and building heights; 4. Encouraging mixed -use development; 5. Creating complete streets to ease congestion and improve linkages; 6. Improving existing and creating new recreational opportunities; and 7. Developing a marketable identity for the CRA. These priorities remain a large focus within this 2023 Sebastian CRA Master Plan. The Sebastian CRA Master Plan, implemented through a series of ordinances, describes a variety of needs, programs, or projects to be funded primarily through incremental receipts of property tax revenue. Such receipts have generally been referred to as tax increment financing ("TIF"). This 2023 Sebastian CRA Master Plan recaps the progress made since the Sebastian CRA Master Plan was created in 1995, updating certain infrastructure considerations and much of the socio-economic data to reaffirm the major priorities and focus of the initiatives. The analysis and input of stakeholder or interested parties, along with an extensive series of studies from the County and the City government, have helped to shape the policy context in which the CRA and its planning area's function. While more remains to be done throughout the CRA, based on the priorities of the 1995 Sebastian CRA Master Plan, it is obvious these infrastructure and sustainability projects shall remain the subjects and/ or target of redevelopment initiatives. It is the purpose of this 2023 Sebastian CRA Master Plan to describe those issues and create a basis for policies, policy actions, or programs that would occur as the 2023 Sebastian CRA Master Plan is implemented. Although this 2023 Sebastian CRA Master Plan may have new or additional features, it is not a new plan but rather an updated plan as expressly allowed under the Redevelopment Act. This 2023 Sebastian CRA Master Plan contemplates investments in infrastructure and other related activities but also places an emphasis on roads and pedestrian connectivity, parks, public spaces, housing, public safety, and a variety of other investments. To emphasize, a community redevelopment plan, like the Sebastian CRA Master Plan, is a framework for future action. It is not a detailed blueprint with a list of stipulations and provisions although those will likely follow as the framework is implemented. Since it is a framework, this 2023 Sebastian CRA Master Plan should not be confused as a master development plan with a discrete set of directives and specifications. In its entirety, the Sebastian CRA Master Plan, formally recorded and adopted, codifies a commitment to thoughtful principles and objectives. These come together as a broadly outlined series of strategic initiatives or general commitments. Viewed as means of establishing priorities within a certain context, the most effective community redevelopment plan is flexible, but coordinated, to achieve a defined mission. The Redevelopment Act, allowing the creation of redevelopment areas and the agency responsible for the redevelopment plan, along with the local government's adopted comprehensive plan, serve as external controls and assurances that the undertakings identified in the plan remain in conformance with its broader mission. In effect, only activities identified in a community redevelopment plan, like the Sebastian CRA Master Plan, can benefit from a Redevelopment Trust fund's TIF dollars. REQUIRED CONTENTS OF A REDEVELOPMENT PLAN In a very simply described and summarized process for adopting and amending a community redevelopment plan, it is necessary that a local government and its Agency evaluate the physical, social and economic attributes of a specific area and make a determination that it satisfies multiple criteria. This determination would allow the local government to adopt and implement a redevelopment strategy and utilize all the powers available to its Agency. Toward assuring compliance with the larger mission and responsibilities of the Agency and an implementable redevelopment plan, the Redevelopment Act outlines both the contents of the legally sufficient redevelopment plan and the 46 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 57 of 138 general framework for its adoption. The particulars of this 2023 Sebastian CRA Master Plan and the means by which it will be adopted, like its predecessor, adhere to the current legal requirements. The Redevelopment Act, according to Chapter 163.360, Florida Statues, prescribes that each adopted plan: a. Conform to the comprehensive plan for the county or municipality as prepared by the local planning agency under the Community Planning Act. b. Be sufficiently complete to indicate such land acquisition, demolition and removal of structures, redevelopment, improvements, and rehabilitation as may be proposed to be carried out in the community redevelopment area; zoning and planning changes, if any; land uses; maximum densities, and building requirements. C. Provide for the development of affordable housing in the area or state the reasons for not addressing in the plan the development of affordable housing in the area. The county, municipality, or community redevelopment agency shall coordinate with each housing authority or other affordable housing entities functioning within the geographic boundaries of the redevelopment area, concerning the development of affordable housing in the area. The Redevelopment Act, according to Chapter 163.362, Florida Statues, prescribes that each community redevelopment plan shall: i. Contain a legal description of the boundaries of the community redevelopment area and the reasons for establishing such boundaries shown in the plan. 91 lm Show by diagram and in general terms: a. The approximate amount of open space to be provided and the street layout. b. Limitations on the type, size, height, number, and proposed use of buildings. c. The approximate number of dwelling units. d. Such property as is intended for use as public parks, recreation areas, streets, public utilities, and public improvements of any nature. If the redevelopment area contains low or moderate income housing, contain a neighborhood impact element which describes in detail the impact of the redevelopment upon the residents of the redevelopment area and the surrounding areas in terms of relocation, traffic circulation, environmental quality, availability of community facilities and services, effect on school population, and other matters affecting the physical and social quality of the neighborhood. iv. Identify specifically any publicly funded capital projects to be undertaken within the community redevelopment area. v. Contain adequate safeguards that the work of redevelopment will be carried out pursuant to the plan. vi. Provide for the retention of controls and the establishment of any restrictions or covenants running with land sold or leased for private use for such periods of time and under such conditions as the governing body deems necessary to effectuate the purposes of this part. vii. Provide assurances that there will be replacement housing for the relocation of persons temporarily or permanently displaced from housing facilities within the community redevelopment area. viii. Provide an element of residential use in the redevelopment area if such use exists in the area prior to the adoption of the plan or if the plan is intended to remedy a shortage of housing affordable to residents of low or moderate income, including the elderly, or if the plan is not intended to remedy such shortage, the reasons therefore. ix. Contain a detailed statement of the projected costs of the redevelopment, including the amount to be expended on publicly funded capital projects in the community redevelopment area and any indebtedness of the community redevelopment agency, the county, or the municipality proposed to be incurred for such redevelopment if such indebtedness is to be repaid with increment revenues. x. Provide a time certain for completing all redevelopment financed by increment revenues. Such time certain shall occur no later than 30 years after the fiscal year in which the plan is approved, adopted, or amended pursuant to s. 163.361(1). However, for any agency created after July 1, 2002, the time certain for completing all redevelopment financed by increment revenues must occur within 40 years after the fiscal year in which the plan is approved or adopted. Section 4 Redeveloprnent_"qt( 1387 1 This 2023 Sebastian CRA Master Plan documents required compliance with Chapter 163. To fulfill its many responsibilities, the Agency has many powers. These enumerated powers acknowledge the status of the Agency as a functioning governmental entity but one that stands apart in its supportive mission of the RA. These enumerated powers tend to reaffirm the Agency's specific duties in the pursuit of development and redevelopment while separating its financial obligations from those of the associated general government. These enumerated powers for the Agency as outlined in Chapter 163.0370 include, but are not limited to: • To make and execute contracts and other instruments necessary or convenient to the exercise of its powers under this part. • To disseminate slum clearance and community redevelopment information. • To undertake and carry out community redevelopment and related activities within the community redevelopment area. • To provide, or to arrange or contract for, the furnishing or repair by any person or agency, public or private, of services, privileges, works, streets, roads, public utilities, or other facilities for or in connection with a community redevelopment; to install, construct, and reconstruct streets, utilities, parks, playgrounds, and other public improvements; and to agree to any conditions that it deems reasonable and appropriate which are attached to federal financial assistance and imposed pursuant to federal law relating to the determination of prevailing salaries or wages or compliance with labor standards, in the undertaking or carrying out of a community redevelopment and related activities, and to include in any contract let in connection with such redevelopment and related activities or provisions to fulfill such of the conditions as it deems reasonable and appropriate. Although any associated general-purpose governments and any of its property owners or citizens as tax payers are intended to benefit from the activities of the Agency or the CRA, they are insulated from its financial obligations. Further, certain operating and capital expenses of an associated general government, are not to be absorbed through funds flowing into the Sebastian CRA and it's Redevelopment Trust Fund. Despite that insularity, the CRA exports many financial and community benefits well beyond its legally defined boundaries. AUTHORIZED REDEVELOPMENT TRUST FUND EXPENDITURES After approval of a community redevelopment plan, there may be established for each Agency created under F.S. Chapter 163.356 a redevelopment trust fund. Funds allocated to and deposited into this fund shall be used by the Agency to finance or refinance any community redevelopment it undertakes pursuant to the approved community redevelopment plan. In October 2019, the Redevelopment Act of 1969, was amended to further clarify authorized expenditures of the redevelopment trust fund. One of the most significant components of the 2019 amendment is that funds cannot be spent on promotional and marketing activities. Per F.S. Chapter 163.387(6), Effective October 1, 2019, moneys in the redevelopment trust fund may be expended for undertakings of a community redevelopment agency as described in the community redevelopment plan only pursuant to an annual budget adopted by the board of commissioners of the community redevelopment agency and only for the purposes specified... The annual budget of a community redevelopment agency may provide for payment of the following expenses: 1. Administrative and overhead expenses directly or indirectly necessary to implement a community redevelopment plan adopted by the agency. 2. Expenses of redevelopment planning, surveys, and financial analysis, including the reimbursement of the governing body or the community redevelopment agency for such expenses incurred before the redevelopment plan was approved and adopted. 3. The acquisition of real property in the redevelopment area. 4. The clearance and preparation of any redevelopment area for redevelopment and relocation of site occupants within or outside the community redevelopment area as provided in s. 163.370. 5. The repayment of principal and interest or any redemption premium for loans, advances, bonds, bond anticipation notes, and any other form of indebtedness. 6. All expenses incidental to or connected with the issuance, sale, redemption, retirement, or purchase of bonds, bond anticipation notes, or other form of indebtedness, including funding of any reserve, redemption, or other fund or account provided for in the ordinance or resolution authorizing such bonds, notes, or other form of indebtedness. 1 48 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 59 of 138 7. The development of affordable housing within the community redevelopment area. B. The development of community policing innovations. 9. Expenses that are necessary to exercise the powers granted under s. 163.370, as delegated under s. 163.358. COMPREHENSIVE PLAN CONSISTENCY This 2023 Sebastian CRA Master Plan was prepared in a manner consistent with the Goals, Objectives, and Policies of the Indian River County Comprehensive Plan and City of Sebastian Comprehensive Plan. This 2023 Sebastian CRA Master Plan meets the intent of the following specific Goals, Objectives, and Policies of the Comprehensive Plans of the County and the City: INDIAN RIVER COUNTY COMPREHENSIVE PLAN 2030 CONSISTENCY FLUE Policy 4.1: Land use districts shall be located in a manner which concentrates urban uses, thereby discouraging urban sprawl. FLUE Policy 4.2: By January 2018, Indian River County shall identify and map target areas for redevelopment and infill development. FLUE Policy 4.3: For the areas targeted for redevelopment and infill development in Future Land Use Element Policy 4.2, Indian River County shall, by 2019, assess the potential for future development review infrastructure capabilities and needs, and develop special overlay or use districts and regulations, if warranted. FLUE Policy 4.4: By January 2020, Indian River County shall work with property owners, developers, and the public to develop and implement a plan to promote development of the areas targeted for redevelopment and infill development. That plan shall examine the feasibility of reduced development fees, streamlined application processing, mixed uses, density bonuses, Traditional Neighborhood Design, home/work linkages and other innovative techniques to promote development in those areas. FLUE Objective 5: Indian River County will have a diverse mix of land uses, development patterns, housing densities, and housing types. By 2030, 25% of the County's housing units will be in multiple -family, mixed use, or traditional neighborhood design projects. FLUE Objective 8: Through 2015, at least 95% of unincorporated Indian River County's historic properties (as identified in "Historic Properties Survey of Indian River County, Florida", prepared by Historic Property Associates, inc., April 1989) will continue to be preserved in fair, good, or excellent condition. FLUE Policy 8.3: All public and private development or redevelopment proposals shall be reviewed for their impact upon designated historic resources. FLUE Policy8.4: Public and private development and redevelopment activities shall cease, at least temporarily, if historic or archaeological artifacts are discovered, in order to allow for evaluation of historic significance. FLUE Objective 9: Through the implementation of land development regulations, Indian River County will have aesthetically pleasing buildings, signs, landscaping, parking areas, and roads. FLUE Objective 71: By 2016, Indian River County will have taken action to encourage redevelopment or revitalization in at least three areas. FLUE Policy 11.1: By 2019, Indian River County shall develop guidelines and regulations to designate areas in need of redevelopment or revitalization. FLUE Policy 11.2: within one year of designating a redevelopment or revitalization area, Indian River County shall determine the needs and deficiencies as well as remedies and solutions for that area. FLUE Policy 16.1 Indian River County shall prohibit land use activity which results in the alteration, degradation or destruction of coastal and estuarine resources except when necessary to prevent a public hazard or provide public benefits which exceed those lost as a result of such activity. Public benefits of such resources include floodplain protection, natural habitat for threatened and endangered plants and animals, natural aquifer groundwater recharge, aquiculture, and recreation. FLUE Policy 16.5: To improve the Indian River Lagoon's water quality, the county shall develop additional stormwater projects that reduce the amount of stormwater that flows into the lagoon and/or improve the quality of stormwater flowing into the lagoon. In recent years, successful stormwater treatment projects have included the Sebastian Stormwater Park, the Main Relief Canal filtration system, and the Egret Marsh project. Section 4 Redevelopment 8(5of t 340 1 CITY OF SEBASTIAN COMPREHENSIVE PLAN (2044) CONSISTENCY FLUE Policy 1-2.3.1: The City shall encourage Low -impact Development (LiD) principles for development and redevelopment including those within newly annexed areas. The City shall require new developments to address future nutrient loading and water conservation through principles including but not limited to: LID design practices and technologies that address energy, water, and nutrient conservation; Use of natural, Florida friendly landscaping; and/or reduced, low, or no fertilizer use on greenspaces and yards. FLUE Policy 1-3.1.1: Good principles of urban design shall be applied through site plan review procedures in order to enhance general community appearance as well as to preserve and enhance open space and landscape. This program shall assist in protecting major natural and man-made resources within the City, including the Indian River Lagoon, the St. Sebastian River, the Collier Creek natural drainage corridor, Schumann Lake, public parks and other public grounds and institutions, as well as developing residential neighborhoods and centers of commercial or institutional activity. FUZE Policy 1-3.1.4: Nan -residential development decisions shall promote the function of the downtown urban core area as a center for government and institutional services as well as a focal point for retail trade, business and professional offices, and civic and cultural enrichment. The City's Land Development Code (LDC) shall be directed to achieving a mix of land use activities consistent with the future Land Use Map (FLUM). The City shall also continue to enforce the Riverfront design regulations, which provide a physical theme for development and redevelopment opportunities reinforcing the unique waterfront setting of the downtown area. FLUE Objective 1-3.2: The establishment of procedures for identification and protection of historic properties and structures within the City will provide for the protection of archaeological sites. FLUE Objective 1-3.3: The City shall maintain procedures in the LDC to limit the proliferation of urban sprawl and encourage redevelopment and revitalization of blighted and economically challenged areas. FLUE Policy 1-3.3.1: The FLUM depicts the boundaries of the Community Redevelopment Area (CRA). The City shall continue to promote vitality and redevelopment of the five conceptual districts: Park District Sebastian Boulevard Mixed Use District, U.S.-1 Commercial District Riverfront District, and the Sebastian Boulevard South District as directed in the City of Sebastian Community Redevelopment Master Plan included in this Element's DIA. The City shall update the CRA Master Plan reflecting the principles and strategies contained within this Comprehensive Plan and apply those to the targeted redevelopment areas. FLUE Policy 1-3.3.2: Consistent with Objectives 1-1.3 and 1-1.5 and their respective policies the City's LDC shall maintain performance standards for the City's Mixed Use Districts to ensure that land development activities, resource conservation and infrastructure issues are managed in a manner that will consider the needs of all the citizens of Sebastian. A. The City shall promote a mixture of uses and a variety of opportunities for recreational, residential and commercial uses; encourage progress while protecting property rights; and protect the environment while fostering compatible uses. B. The LDC shall encourage.a mix of uses and enforce the "Old Florida Fishing Village" design theme within the Riverfront CRA District. Flooding and sea level rise shall be taken into consideration for areas of the Riverfront District located in the Coastal High Hazard Area (CHHA). The City may incentivize redevelopment through the use of TDRs to direct new development and population growth away from natural hazards and environmentally sensitive areas. FLUE Policy 1-3.3.3: The City shall coordinate redevelopment issues with the private sector in promoting mobilization of public and private resources necessary to effectively carry out redevelopment efforts, especially along the Indian River Drive corridor which borders the Indian River Lagoon. Sea level rise and flooding shall be considered in low-lying areas in regard to limiting the use of public funds to achieve these goals as defined in §163.3178(1), F.S. FLUE Policy 1-3.3.5: The protection, restoration, and enhancement of existing assets, including historical structures, is important in implementing the "Old Florida Fishing Village" design theme. The City shall continue to enforce the procedures and ordinances adopted for this purpose. The City shall develop programs and identify funding sources to protect, restore, and enhance the historical structures in the Riverfront District. Sea level rise and flooding should be considered in low-lying areas in regard to limiting the use of public funds to achieve these goals as defined in §163.3178(1), F.S. 60 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 61 of 138 FLUE Policy 1-3.4.1: The City shall ensure equitably distributed and accessible active transportation facilities (i.e. sidewalks, bike lanes) and recreational opportunities (i.e. parks, greenways) to support healthy lifestyles and physical activity, FLUE Policy 1-3.4.2: Crime Prevention Through Environmental Design. The City shall encourage crime prevention in public areas through environmental design (CPTED) principles. EDE Policy 9-1.1.3: Potential incentives for new or expanding businesses in the City include: Upon completion of application materials, the City of Sebastian will offer "fast track" site plan review that guarantees administrative determination, and permit issuance; Permitting assistance and guidance through the Economic Development Office; Ad valorem tax credits, in partnership with Indian River County; CRA financing of County impact fees (for projects located in the CRA area); and Use of CRA funds to reduce the cost of water/sewer connections and/or local building permit fees. EDE Policy 9-1.4.3. Protect the character of the City's stable existing neighborhoods, the Downtown/Riverfront area and the commercial corridors such as CR-512. EDE Policy 9-1.4.4: Continue the development of greenways as extensions of the City`s park system to increase open space and recreational opportunities throughout the City. EDE Policy 9-1.6.1: Coordinate with appropriate partners to promote the fishing industry (both commercial and recreational) in Sebastian. EDE Policy 9-1.6.4: Maintain gateway corridors (primarily 512 and US 1) with landscaping and pedestrian amenities. Section 4 RedevelopmenbOwf 113& 1 SEBASTIAN CRA MAJOR THEMES Throughout the formation of this 2023 Sebastian CRA Master Plan, as well as during the public input and workshop sessions, five overarching themes were identified. These themes are to be used as a planning framework for the Agency to help enhance the character of the downtown and to embrace opportunities that exist within the CRA. These major themes include: INFRASTRUCTURE & DRAINAGE A Riverfront Drainage Study performed in 2014 identified a list of stormwater Improvement areas within the Sebastian CRA; these included drainage improvements to Indian River, "Presidential Street", Coolidge Street, Central Avenue/Davis Street, and the CavCorp parking lot. These stormwater facility improvements were completed in 2017 through the installation of baffle boxes at major outfall locations. In addition, the Agency continues plans to address other infrastructure needs relative to septic -to -sewer conversion within the redevelopment area. The stormwater facilities and water/sewer utility infrastructure may require upgrades within the CRA, especially when anticipating new demand driven by residential, commercial, and mixed -use development. WATERFRONT, PARKS, & PUBLIC SPACES y The CRA closely identifies with its waterfront, occupying over 47% of its total acreage. The Agency has prioritized access and preservation of its waterfront, as it is vital to the area's economic success. The CRA's community continues to support these preservation efforts, subsequently preserving and enhancing the City's history as a fishing village, contribute to the desired design theme, and make use of the waterfront resource to maximize economic development. Open space enhancement projects along the water and restoring waterfront properties for new uses were contemplated within the 2010 Sebastian CRA Master Pian and have been continued within this 2023 Sebastian CRA Master Plan. In 2018, the consensus of community members and key stakeholders was to focus on river views and access, a waterfront pedestrian experience, and open public spaces. Specifically, the "Working Waterfront" initiative has been a high priority of the City and the Agency to promote economic revitalization along the Indian River coast. Subsequently, these efforts have continued to bring activity and regeneration to the Sebastian shoreline. In addition, enhancing the existing Riverview Park is a prime example of the potential for park revitalization and economic activity in the surrounding vicinity. A Riverview Park Master Plan was completed in 2019 to diversify its current uses and implement best management practices moving forward. The Agency seeks to generate more engagement with its open space by creating connectivity between greenspaces through implementation of a pedestrian pathway system, greenway connectors, and bicycle paths that may provide for future recreation enhancement opportunities. The Agency also seeks to enhance its recreational piers, waterfront boat ramp access, and smaller opportunistic waterfront parks, especially within the Park District. ItROADS, PARKING, & PEDESTRIAN — CONNECTIVITY IMPROVEMENTS The CRA community's desire for road and pedestrian connectivity improvements .along U.S. Highway 1 and Indian River Drive were significant observations during the public input sessions. The CRA is prioritizing pedestrian connectivity and accessibility in order to link west Sebastian to the waterfront by creating a more pedestrian- and bicycle -friendly streetscape environment and providing visual linkages between the riverfront and U.S. Highway 1. These improvements may include, but not be limited to, boulevard landscaping including street trees and sidewalks, widened sidewalks and curbed dedicated bicycling space along Indian River Drive, flashing pedestrian crosswalks across U.S. Highway 1 towards the riverfront, and safer crosswalk areas along the railroad tracks near the Sebastian Boulevard Triangle Area. In addition, the Land Development Code was updated under Ordinance No. 0-10-05 in an effort to encourage public parking use in high -demand/ low -supply areas. The "payment in lieu of parking" program permits the use -of City parking areas adjacent to commercial property to satisfy zoning requirements. The Agency envisions increasing public parking in the CRA, and establishing on -street parking and streetscapes adjacent to recreation areas. PUBLIC SAFETY Another observation from the community during the public input session was the desire to enhance public safety throughout the CRA, ensuring that everyone can live and work in a safe environment. In doing so, the Agency could develop a comprehensive public safety initiative that addresses public safety needs of the community. 1 52 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 63 of 138 Currently, the City Police Department consists of a road patrol, canine, and marine unit divisions with the main commitment to maintaining a safe and peaceful environment for all residents and visitors within the City. Additional ways the Agency may increase public safety could include increased lighting and safety measures in community spaces, developing public health and prevention strategies, and prioritizing youth development. PRESERVING THE COMMUNITY CHARACTER NUMBER Promoting the community character as W "Old Florida Fishing Village" and the CRA as a destination has been a major priority within the CRA since adoption. In doing so, the Agency has prioritized creating a unique brand through signage, wayfinding, and advertising. In addition, the CRA has prioritized enhancing existing recreation land in the CRA through use of appropriate urban design for parks and open spaces, increasing pedestrian connectivity and walkways, and preserving the character of the existing neighborhoods through proper landscaping, lighting, and signage. All of these practices have helped define the Sebastian CRA's community character and a coherent sense of place when visiting the CRA. These five major themes hove helped identify the guiding principles, as well as the recommended improvement and redevelopment programs within the CRA, as detailed along the following pages. Pf�oto Courtesy of Castor GUIDING PRINCIPLES The principles identified below are derived from public engagement, other plans, and background data utilized. The analysis and feedback suggest a variety of objectives that are the essential elements of this 2023 Sebastian CRA Master Plan structural framework. ENCOURAGE • Residential and mixed -use development within the Sebastian Blvd. Triangle Overlay District. • Retail uses adjacent to Riverview Park. • Compatible infill development. • Enhancement of the character of the CRA with architecture that addresses the community's "Old Florida Fishing Village" scale and feel. II. CREATE • Gateway features at west end of Sebastian Blvd. Triangle Overlay District and on U.S. Highway'l Visual linkages between the riverfront and U.S. Highway 1. • Improved bicycle and pedestrian linkages to the riverfront and between recreation lands. • Additional on-street/off-street parking. • Pocket parks and wildlife observation areas. • Opportunities to facilitate development of catalyst sites and other priorities through property acquisition. III. PRESERVE • Protect and enhance uses and buildings along and adjacent to one of the area's most important assets: the Indian River Lagoon. • Important historic resources in the redevelopment area, particularly those that help to illustrate the area's fishing heritage, as well as those that meaningfully contribute to the "Old Florida Fishing Village" character. • Waterfront access and continued riverfront activities. IV. PROMOTE • Promote the redevelopment area as a destination for shopping, dining, events, and recreation. • Incentive, Grant, and Assistance Programs available to property owners and businesses within the CRA. Section 4 Redeveiopment6"f 13S3 I RECOMMENDED IMPROVEMENT & REDEVELOPMENT ACTIVITIES AND PROGRAMS WITHIN THE SEBASTIAN CRA REDEVELOPMENT AND IMPROVEMENT ACTIVITY BY CONCEPTUAL PLANNING DISTRICT Encourage Residential + Mixed Use Development Retail Uses adjacent to Riverview Park Compatible Infill Development "Old Florida Fishing Village" Character Development of Catalyst Sites Create Renovations/Upgrades to Riverview Park Gateway Features On-Street/Off-Street Parking Pocket Parks + Wildlife Observation Areas Property Acquisition Improvements to Recreational "Twin" Piers Increased Pedestrian Connectivity Streetscape Improvements + Vegetative Landscaping Preserve Protect + Enhance Indian River Lagoon Frontage Historic Resource Protection Waterfront Access + Riverfront Activities Preservation Promote Marketing of Redevelopment Area as Destination Promote Incentive/Grant/Assistance Programs Source Setasrran Commmnity 8edeveropmenr agency, G!r Consultan!s, Inc REDEVELOPMENT PROGRAMS FACADE, SIGN, AND LANDSCAPING MATCHING GRANT PROGRAM - This program provides funds to assist property owners and/or business owners to improve and install new signage and/or landscaping. SEPTIC TO SEWER CONNECTION GRANT (S2S) - This program is designed to provide individual grants to qualified property owners for costs incurred to remove an operational septic tank system that serves and occupied facility or building and connects to the County sanitary sewer system. SSP is available to businesses or residences located with the Redevelopment Area currently utilizing septic systems. PARKING -IN -LIEU PROGRAM - This program provides for establishing parking within the right-of-way at a rate of $3,200 per space. Sebastian US-1 Sebastian Park Blvd. Riverfront Blvd. Mixed -Use Commercial South x x x X X X X X X X X X X X X X X X X X X X X X X X X X x x X X X X X X X X X X X X X x X X X X X X X X X X X X X x x x X X STORMWATER FEE CREDIT PROGRAM - All properties within City, whether or not they discharge stormwater directly into the Sebastian Stormwater Utility ("Utility") system, will pay a proportionate share of the Utility expenses incurred in providing generalized benefits to the system. Property located within the City from which stormwater runoff is discharged, either directly or indirectly, may be eligible for a reduction in the stormwater fee from the Utility. Single -Family Residential lots are not eligible for this credit. The City shall reasonably determine "fee credit" based upon the savings to the Utility resulting from the property's stormwater facilities or unique features. Stormwater fee credits include: incorporation of LID/BMP alternative practices such as vegetated swales and buffers, permeable pavers, bioretention and bioswales. 54 1 2023 Sebastian CRA sustainable Redevelopment Master Plan 65 of 138 CONCEPTUAL PLANNING DISTRICTS' PRIORITIES As a part of the 2023 Sebastian CRA Master Plan, major priorities have been identified for each of the CRA's conceptual planning districts. These priorities are provided for the short-term (1-5 years) and the long-term (6-10 years), as illustrated below. These projects and associated time frames are consistent with the updated goals and objectives within this 2023 Sebastian CRA Master Plan. Park Sebastian W- District � Riverfront Blvd. Mixed -Use .. � District istrict SHORT-•TERIA PRIORITIES Implementation of Riverview Park Master Plan Upgrades and Renovations. Restoration, as appropriate, of important waterfront properties to enhance their economic viability and maintain and improve the character of the CRA. Streetscape improvements to Indian River Drive. Creation of riverfront event space. Property acquisition to facilitate Catalyst Site development and infill development projects. LONG --TERM PRIORITIES Create "local activity center" surrounding the Riverview Park, to include complementary retail uses, connectivity to the riverfront, and streetscape improvements, Restoration, as appropriate, of important waterfront properties to enhance their economic viability and maintain and improve the character of the CRA. New sidewalk construction as necessary to provide a continuous sidewalk network. SHORT-TERM PRIORITIES Improvement of the Sebastian Boulevard Triangle Area to provide for mixed -use development, connectivity to adjacent residential communities, and streetscape improvements. Property acquisition to facilitate Catalyst Site development and infill development projects. LONG-TERM PRIORITIES New sidewalk construction as necessary to provide a continuous sidewalk network. Modification of lake to create park/ open space feature. U.S.-1 Commercial District SIIORT-TERM PRIORRIFS Installation of gateway treatments at entrances to the CRA along U.S. Highway 1. Property acquisition to facilitate Catalyst Site development and infill commercial development. New sidewalk construction as necessary to provide a continuous sidewalk network. Enhancement of the U.S. Highway 1 streetscape to provide for greater pedestrian and bicycle usability, as well as the installation of mature landscaping and trees. Property acquisition to facilitate infill commercial development. SHORT-TERM PRIORITIES Restoration, as appropriate, of important waterfront properties to enhance their economic viability and maintain and improve the character of the CRA. Streetscape improvements to Indian River Drive. Property acquisition to facilitate Catalyst Site development and infill development projects. LONG-TERM PRIORITIES Restoration, as appropriate, of important waterfront properties to enhance their economic viability and maintain and improve the character of the CRA. New sidewalk construction as necessary to provide a continuous sidewalk network. Sebastian Blvd. South District S ORi r -TErM PRlt)M IES Installation of gateway treatments at entrances to the CRA along Sebastian Boulevard. New sidewalk construction as necessary to provide a continuous sidewalk network. Property acquisition to facilitate infill development projects. Section 4 Redevelopment eCr of 13!% 1 LOCATION & CONCEPTUAL DESIGN OF OPPORTUNITY SITE'S CATALYST PROJECTS In the CRA, there are five catalyst sites which have been identified. These catalyst sites, located in opportunity sites previously identified by the 2010 Sebastian CRA Master Plan, are illustrated in the following map. Along the following pages are graphic renderings of these catalyst sites and the potential design and allocation of space these sites could feasibly accommodate which would help encourage redevelopment and reinvestment within the CRA. % 913 A� -r 1 D, F Wien icipef olf urse 5� U) C 0 F T N 3 n ra C er Ave to 7 N a m P 3 v th Mango Ave Citrus Ave rn m -4 a 0 City of Sebastian Police Department SEBASTIP U•S• Highway 1 Foster Rd Sebastian Blvd. Triangle Area w P 3 �m 0 o' e n 0 � l v _ w 512 56 1 2023 Sebastian CRA Sustainable Redevelop-nent Mastei Plan 67 of 138 PROPOSED SEBASTIAN CRA PERFORMANCE OVERLAY DESIGN CRITERIA The CRA comprises of three overlay districts intended to guide architectural principles, these include: (1) the Riverfront Overlay District, located east of the FEC Railroad; (2) the County Road 512 Overlay District, located in properties abutting CR 512 to the properties west of the FEC Railroad with lot frontage on Sebastian Boulevard; and (3) the Sebastian Boulevard Triangle Overlay District, located north of the divided Sebastian Boulevard and west of the FEC Railroad. The performance overlay design criteria for each of the three districts have been summarized and updated as part of this 2023 Sebastian CRA Master Plan, as detailed along the following pages and illustrated in the following map. 'ERFO€tMANCE OVE♦RLA 15T s � Sebastian Wnicipal Go If Course Orange Ave 3. C a 6 C aa N M co N :? � • r} J &%Ok S E El A S T I A 1,11, ti g o Sebastian Blvd. Tria6gle Overlay `m 3 a- m 0 c A ' o COL 11 ty koat i 0 512 Overlay U Legend ❑ Sebastian CRA © Riverfront Overlay District County Road 512 Overlay District Sebastian Blvd. Triangle Overlay District l 60 1 2023 Sebastion CRA Sustainable Redevelopment Master Plan 71 of 138 RIVERFRONT OVERLAY DISTRICT The design criteria for the Riverfront Overlay District can be summarized as follows: PURPOSE AND OBJECTIVES • Promote development and redevelopment. • Encourage traditional building types with arcades, balconies, and porches. • Create a sense of place and promote social interaction on the streets. • Encourage durable construction with "Old Florida Fishing Village" architecture. SPECIAL PROVISIONS The Riverfront Overlay District outlines special design and color requirements to ensure architectural consistency and visual appeal, including: • Equal design considerations for multi -frontage buildings; • Encouraging porches and fences, maintaining open vistas; • Avoiding massive facades; • Regulating siding and roofing materials; • Controlling lighting; • Specifying roof styles; • Addressing site elements and trees; and • Requiring screening for visually offensive elements. UNDERLYING ZONING DISTRICTS The Riverfront Overlay District modifies four underlying zoning districts which specify the dimensional regulations for new development, as detailed below and summarized in the following table. • Medium Density Multiple -Family Residential (RM-8)—Allows single-family, duplex, and multi- family dwellings. Intended to maintain a density of up to 8 dwelling units per unit. • Commercial Riverfront (CR)—Intended to preserve the existing character of the area and provide a mixture of uses and opportunities for recreational and commercial uses while protecting the environment. • Commercial Waterfront Residential (CWR)— Intended to preserve the existing character of the area while providing a mixture of uses for recreational, residential, and commercial uses while protecting the environment. • Public Service (PS) —Allows institutional uses including parks and recreation areas and churches. Intended to comply with comprehensive plan policies. Standards RM-8 CWR CR Maximum Density/FAR 8 units/ 8 units/acre 60% FAR acre 35 ft (25 35 ft (25 Maximum ft east 35 ft (25 ft east of ft east of Height of Indian Indian River Drive) Indian River River Drive) Drive) Maximum Building 40% 30% 30% Coverage Maximum Impervious 60% 80% 80% Surface Non-residential: Minimum 40% 25% 20% Open space Residential: 50% Minimum 10,000 10,000 sq. ft. 10,000 Lot Size sq. ft. sq. ft. Minimum 80 ft 80 ft 75 ft Lot Width Minimum 100 ft 125 ft 125 ft Lot Depth Non-residential: With sidewalks: None (with Front 25 ft sidewalk) or 10 ft None Setback (without sidewalk Without Residential: 25 ft sidewalks: 6 ft Non-residential: 5 ft (10 ft when abutting 5 ft (10 Side residential) ft when Setback 10-15 ft Residential:l5 ft abutting g + 1 ft per each residential) additional 2 ft in height above 25 ft Non-residential: 10 ft (30 ft 10 ft (30 Rear 25 ft when abutting ft when Setback residential) abutting residential) Residential: 20 ft Source, Sebostion community Redevelopment Agency, GAI Consultonts, Inc EFFECTIVENESS The Riverfront Overlay District effectively achieves its objectives by preserving historic structures and promoting architectural consistency. However, there are areas for improvement. Some provisions, such as restrictions on building and roofing materials, may increase development costs, potentially delaying redevelopment efforts in the coming years. Additionally, certain dimensional limitations could contribute to underutilization of land within the overlay Section 4 Redevelopment7EN wf IB*i I area, particularly along U.S. Highway 1, Furthermore, with the increasing likelihood of extreme weather events and storm surges, high imperviousness allowances may pose challenges for the overlay's performance, especially in the CWR zoning district. RECOMMENDATIONS To offset the costs imposed by the Design Criteria, the City and Agency might consider the following modifications to the Riverfront Overlay (and underlying zoning districts) to increase the flexibility and the likelihood of a successful project: Define Old Florida Fishing Village Define "Old Florida Fishing Village" Architecture based on feedback from public input which indicated a preference for architecture themes of Active with Natural Tones and Traditional iconic Elements. The Active with Natural Tones theme represents an active waterfront with restaurants, boat docks, and social opportunities; wheres, the Traditional and Iconic Elements theme represents traditional coastal buildings with iconic elements and vibrant accents. Consider removing minimum parking requirements. Minimum parking requirements can result in an overabundance of parking spaces, leading to inefficient land use and excess imperviousness. Moreover, these requirements can significantly COUNTY ROAD 512 OVERLAY DISTRICT The design criteria for the County Road 512 ("CR 512") Overlay District can be summarized as follows: PURPOSE AND OBJECTIVES • Celebrate the entranceway into the City of Sebastian along the CR 512 corridor. • Maintain an attractive and orderly appearance. • Promote a safe transportation system. Accommodate multiple modes of transportation (i.e., mass transit, pedestrians, bicycles, and automobiles). increase the cost of development, particularly in urban areas where land prices are high. The City and Agency should consider removing minimum parking requirements to avoid these inefficiencies. In the absence of minimum parking requirements, developers and property owners are already incentivized to determine the appropriate amount of parking based on market demand. This results in more efficient and context -sensitive parking solutions that better reflect the needs of residents, visitors, and businesses. Landowners can and should be encouraged to enter into shared parking arrangements, such as shared lots for commercial and residential, helping to optimize parking resources and reduce the overall demand for parking spaces. Additionally, the City and Agency can take further steps to manage parking at a district -wide level, such as implementing dynamic pricing for on -street and public parking areas. This involves adjusting parking prices based on demand, which can help manage the overall demand for parking spaces. GRAPHIC RENDERING Examples of the Riverfront Overlay District, incorporating the design criteria and proposed recommendations, are reflected in the following graphic renderings: SPECIAL PROVISIONS The CR 512 Overlay District outlines special design and color requirements to ensure architectural consistency and visual appeal, including: • Consistent detailing on street -facing facades. • Consistent detailing of shopping centers and the accompanying out -parcels. • White and light neutral colors in warm range building colors (via Overlay Districts master color fist). I 62 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 73 of 138 UNDERLYING ZONING DISTRICTS The CR 512 overlay district modifies two underlying zoning districts, as detailed below and summarized in the following table. • Commercial-512 District (C-512)—Various commercial uses such as professional offices, medical services, commercial retail/restaurants. • Industrial (IN) —Permits a variety of uses, including commercial retail, administrative services, marine -related educational institutions, and various industrial activities, among others, subject to specific dimensional regulations. The zoning district also includes certain screening and separation requirements related to the proximity of residential areas and other establishments. Standards C-512 IN Maximum FAR 50% 50% Maximum Height 35 feet 35 feet Maximum Building 35% 50% Coverage Minimum Open 20% 20% Space Maximum 80% 80% Impervious Surface Minimum Lot Size 20,000 sq. ft. 15,000 sq. ft. Minimum Width 125 feet 100 ft Minimum Depth 160 feet 125 ft Front yard: 74 feet if abutting CR 512, Front yard: otherwise 10 feet - feet; Side Setback Setback Side yard: none if yard: 25 feet; Requirements building is built to Rear yard: 50 side property line(s), otherwise min. of 10 feet feet; Rear yard: 10 feet Source. Sebastian community Redeveiopment Agency, GAI Consutronts, Inc. EFFECTIVENESS Overall, the zoning code provisions effectively contribute to creating a visually appealing and cohesive corridor along CR 512 by establishing clear guidelines for building aesthetics, materials, and colors. New developments are subject to design criteria and landscaping requirements that promote a harmonious appearance and minimize the impact of visual nuisances. The code addresses functional elements, such as limiting the frequency of curb cuts, to promote safer and more efficient traffic conditions. Areas for improvement include: • Expanding use allowances to encourage a mix of residential options alongside commercial uses. • Incorporating requirements for multi -modal enhancements, such as wider sidewalks and dedicated bicycle paths, to promote a more accessible and connected transportation network. RECOMMENDATIONS To offset the costs imposed by the Design Criteria, the City and Agency might consider the following modifications to the CR 512 Overlay District to increase the flexibility and the likelihood of a successful project: Introduce I -MIX Zoning A mix of land uses promotes walkability, vibrancy, and can contribute to the success of a new development. However, residential uses are effectively excluded from the CR 512 Overlay District except as an accessory use within Commercial-512 zoning, which limits the potential for development in this area. The City can modify the overlay district to allow for residential use. This would increase the likelihood that property will be developed in the CR 512 district, as it would give developers more options for how to use the land. In the modern era, industrial uses are no longer as dangerous or disruptive to residential areas as they once were. As a result, cities are increasingly embracing the concept of "Industrial Mixed Use" to blend industrial spaces with opportunities for residential development. This approach creates a unique and dynamic urban tapestry that adds character to the community while also driving economic growth. Multimodal Enhancements The provision of wide sidewalks and space for active and alternative modes of transportation, such as bicycles and scooters, expands mobility options, improves safety, reduces traffic congestion, and enhances overall quality of life. Currently, the overlay district does not directly require or incentivize multimoda► enhancements for new developments. The City and Agency can either add these provisions to the overlay code or establish a "complete streets policy," which would influence new developments citywide. All new developments or substantial redevelopments within the CR 512 Overlay District should provide sidewalks at least 6-feet wide, in addition to off-street bikeways with a minimum width of 10 feet for two-way traffic or 6 feet for one- way traffic. Consider removing minimum parking requirements in tandem with cross access easement requirements. As previously mentioned, minimum parking requirements can result in an overabundance of parking spaces, leading to inefficient land use, excess imperviousness, and increased development costs. Removing minimum parking requirements empowers landowners to determine the appropriate amount of parking. Along corridors like CR 51Z better coordinated parking management can be achieved by requiring cross - access easements. These legal agreements allow Section 4 Redevelopments 1383 1 neighboring property owners to share access, such as driveways or parking lots to help reduce the overall number of parking spaces needed, promote more efficient land use, and improve traffic flow and safety. SEBASTIAN BOULEVARD TRIANGLE OVERLAY DISTRICT The design criteria for the Sebastian Boulevard Triangle Overlay District can be summarized as follows: PURPOSE AND OBJECTIVES • Encourage traditional building types with arcades, balconies, and porches. • Create a sense of place and promote social interaction at street level. SPECIAL PROVISIONS The Sebastian Boulevard Triangle Overlay District adopts by reference the special provisions (design criteria, color, and landscaping requirements) from the Riverfront Overlay District. UNDERLYING ZONING DISTRICTS The Sebastian Boulevard Triangle Overlay District modifies two underlying zoning districts, as detailed below and summarized in the following table. • Commercial General (CG)—Established to implement comprehensive plan policies for areas designated "CG" on the comprehensive plan future land use map. • Industrial (IN) —Permits a variety of uses, including commercial retail, administrative services, marine -related educational institutions, and various industrial activities, among others, subject to specific dimensional regulations. The district also includes certain screening and separation requirements related to the proximity of residential areas and other establishments. GRAPHIC RENDERING Examples of the CR 512 Overlay District, incorporating the design criteria and proposed recommendations, are reflected in the following graphic renderings: y Standards CG IN Maximum FAR 60% 50% Maximum 35 feet 35 feet Height Maximum Building 30% 50% Coverage Minimum Open 20% 20% Space Maximum impervious 80 % 80% Surface Minimum Lot 10,000 sq. ft. 15,000 sq. ft. Size Minimum Width 75 feet 100 ft Minimum Depth 125 feet 125 ft Front yard with sidewalks, curb and gutters: None required. Minimum Front yard without setbacks: sidewalks, curb and Front yard: Setback gutters: 6 feet. 20 feet. Requirements Side yard: 5 feet minimum, Side interior except 30 feet when abutting a residential yard: None. district. Rear yard: 10 Rear yard:10 feet; except feet 30 feet when abutting a residential district Source. Sebostion Community Redevelopment Agency, GAI Consultants, Inc. 1 64 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 75 of 138 EFFECTIVENESS To the extent the Riverfront Overlay District is effective, the Sebastian Boulevard Triangle Overlay District is also effective, as the performance standards are the same. This also means that the Sebastian Boulevard Triangle Overlay District may suffer from some of the limitations imposed by the Riverfront design standards, such as restrictions on building and roofing materials, which may increase development costs. RECOMMENDATIONS To offset the costs imposed by the Design Criteria, the City and Agency might consider the following modifications to the Sebastian Boulevard Triangle Overlay District to increase the flexibility and the likelihood of a successful project: Introduce I -MIX Zoning As previously mentioned, a mix of land uses promotes walkability, vibrancy, and can contribute to the success of a new development. Today, the Sebastian Boulevard Triangle Overlay District generally allows for residential uses, but as a conditional use within the Industrial district. The City might consider permitting residential uses by -right to reduce barriers "to development. Multimodal Enhancements As previously mentions, the provision of wide sidewalks and space for active and alternative modes of transportation, such as bicycles and scooters, expands mobility options, improves safety, reduces traffic congestion, and enhances overall quality of life. This is especially relevant along Sebastian Boulevard. The City can either add requirements to the overlay code or establish a "complete streets policy," which would influence new developments citywide. All new developments or substantial redevelopments along Sebastian Boulevard should provide sidewalks at least 6-feet wide, in addition to off-street bikeways with a minimum width of 10 feet for two-way traffic or 6 feet for one-way traffic. — fll'iIN=II.11= Define Old Florida Fishing Village Define "Old Florida Fishing Village" Architecture based on feedback from public input which indicated a preference for architecture themes of Active with Natural Tones and Traditional Iconic Elements. The Active with Natural Tones theme represents an active waterfront with restaurants, boat docks, and social opportunities; wheres, the Traditional and Iconic Elements theme represents traditional coastal buildings with iconic elements and vibrant accents. Consider removing minimum parking requirements. As mentioned earlier, minimum parking requirements can impose unnecessary and inefficient regulations on landowners. Removing these requirements will empower landowners to determine the appropriate amount of parking needed based on market demand. To further optimize parking management, other elements such as cross -access easements and dynamic pricing of public parking spaces can be implemented. Cross -access easements allow neighboring property owners to share access, such as driveways or parking lots, while dynamic pricing can help manage the demand for parking by adjusting prices based on demand. By combining these approaches, we can maximize the performance of parking spaces and promote more efficient land use. Ultimately, removing minimum parking requirements and implementing other practical solutions can help create more sustainable and functional district. GRAPHIC RENDERING Examples of the Sebastian Boulevard Triangle Overlay District, incorporating the design criteria and proposed recommendations, are reflected in the following graphic renderings: Section 4 RedevelopmentptlW 13$5 1 TAX INCREMENT FINANCING PROJECTIONS OVERVIEW & MAJOR ASSUMPTIONS The CRA's total taxable value is estimated to be $69,9 million in 2022, with approximately $435,OOD realized as TIF collections to the Redevelopment Trust Fund. In 2023, the initial year of projections, the CRA's total taxable value is estimated to be nearly $74.1 million, with about $454,100 realized as TIF collections. Overall, the TIF within the CRA is projected to grow at a CAGR of 4.0% and collect between an estimated $10 million and $12 million in total tax increment over the next 15-years, from 2023 and 2038 ("projection period"). This rate of annual growth is consistent with what the CRA has historically been realizing in tax increment growth since its adoption. To note, the current 30-year operational term of the Agency began in December 2003, therefore the Agency is due to "sunset' in December 2033. The projection years following 2033 are provided for reference in a future evaluation of extending the Agency's sunset date. MAJOR ASSUMPTIONS The 2023 Sebastian CRA Master Plan reflects a projected level of TIF collections and a manner in which these property values are taxed, evaluated, and collected throughout the CRA's existence. A reasonable and diligent effort has been made to confirm all assumptions. In the course of estimating tax increment, data provided by the Florida Department of Revenue ("FDOR") and the County's Property Appraiser was considered. The projections reflect levels of tax increment that could be achieved based on the expected development and redevelopment which may occur within the CRA throughout the projection period, The following major assumptions were utilized within the TIF projections: • Average annual increase (appreciation) of existing and new taxable value includes value from residential and commercial development and redevelopment within the tax increment area, including a 1% annual inflation rate. • Assumes full build -out for new development within 15 years and redevelopment construction within 20 years. New development includes converting tax exempt properties to taxable and development on existing undeveloped properties. • The CRA was established in 1995, with a base year value of $34,959,870. In 2003, the CRA was expanded, the expansion area has a base year value of $6,602,110. Ad valorem tax millage rates utilized 3.5475 for the County and 2.9050 for the City for 2023 and after, • The Annual TIF Revenues are provided in three scenarios, high -moderate -low (H-M-L). This model provides a range of potential taxable value and annual TIF revenues for the CRA. • The moderate projection is considered the most likely for any given year over the projection period; whereas, the low and high projection scenarios present a range of possible outcomes. • Over the full planning period, the projection model reflects a tax increment CAGR between 3.6%-5,0%. In addition, the projections take into consideration the likely components of change in total taxable value from the current taxable value given the composition of properties within the CRA. Expected future taxable value is anticipated to be a function of (1) growth in market values of existing improved properties over time (e.g. inflationary growth); (2) redevelopment of some portion of existing improved properties; (3) development of available vacant land area; and (4) additional growth in market value on newly developed or redeveloped properties over time. These causes of change are reflected in the table below. Cause of Change Sebastian CRA FY 2022 Taxable Value $ 111,457,190 Causes of Change Base Inflation Growth 19,235,700 Residential Development 8,778,070 & Redevelopment Commercial Development 42,767,880 & Redevelopment New Development Inflation 1888 200 Growth Other (2.420.4301 Subtotal Change $ 70,249,410 FY 2038 Taxable Value $ 181,706,600 C AGR 2.1 % Source Sebasroo+) River'tonl carnnlunQ) Wedevefapnlent Aggencyy FY 22123 Buuyer Book, lndion River Property Appraiser, GAt Consultants, lnc Note. pofoiled observafians on the development and tedevefo met opportuniries wlthln rho Sebastian CRA have been previously identified vi lhin the Morket Assessment and Economic Anotys,s section 66 1 2023 Sebastion CRA Sustoinable Redevelopment Master Plan 77 of 138 REVIEW OF MILLAGE RATES The millage rates in both the County and the City have substantially fluctuated over the last 10-years, as illustrated in the following table. In an effort to remain conservative, the tax increment projections apply the 2023 real property millage rates for both the County and City at a constant 3,5475 and 2.9050 per $1,000 of taxable real property value, respectively, throughout the projection period. Although it is likely the millage rates may vary marginally, the moderate projection scenario remains the most likely and reasonable estimate of tax increment anticipated to be collected within the CRA through 2038. Year County City 2013 3.0892 3.7166 2014 3.2620 3,7166 2015 3.3375 3.8556 2016 3.3602 3.8556 2017 3.3602 3.8000 2018 3.4604 3.4000 2019 3.4604 3.1514 2020 3.5475 2.9399 2021 3.5475 3.1514 2022 3.5475 3.0043 2023 3.5475 2.9050 Soutco. Sebastian Riverlronr Community Redevelopmeni Agency F Y 22123 Sudger Bock, GAI Consultonts. Inc. The Sebastian CRA Redevelopment Trust Fund was established in 1995, prior to the Florida Statutes provision stating that a taxing authority may not contribute an amount that exceeds that provided by the governing body that created the trust fund (Chapter 163.387, section bl, F.S.). Therefore, the County may contribute more to the CRA Redevelopment Trust Fund than the City for any given year. TAX INCREMENT PROJECTIONS Based on prior rates of growth and change in market driven opportunities throughout the CRA, the projection model takes a conservative approach in providing a H-M-L scenario for tax increment through 2038. While the moderate projection is considered most likely scenario for any given year, the low and high projection scenarios present a range of possible outcomes for the same period. Conditions assumed to create each path of the low and high projection scenarios are not mutually exclusive and do not indicate an either/or path of potential revenue projections through 2038, The moderate scenario assumes a continuation of historical inflationary growth plus development of vacant land and redevelopment of existing improved properties. Any general disruption of economic activity is considered short-lived and has a minimal impact on the region or the commercial and residential development sector in general. The low scenario considers a high possibility of a general U.S. economic recession occurring within the initial years of the projection period as a result of the current economic disruptions followed by lone -term, slower market performance as a result of relative commercial and residential development market maturity. The low scenario assumes that the CRA will be unable to maintain historical growth rates and should be viewed as a worst -case scenario. Photo Courtesy of. Gil y.ot;Sebastian, FL z Section 4 Redevelopment -Mc ' 113g7 I The high scenario is the most synergistic of the three scenarios and incorporates the optimal general economic conditions and continued robust market performance. This scenario assumes no disruption of general economic activity in the near -term or an historically short and very shallow U.S. recession followed by relatively robust growth. This scenario also assumes an improved capture of commercial and residential development in the CRA compared with other areas of the City and County. The projection model predicts that the taxable value for current improved land, existing vacant land, and new development within the CRA will bring in approximately $6.3 million to $7.3 million in tax increment over the next 10 years, 2023 to 2033, the current Agency's sunset date. In addition, the CRA has the potential to generate, in total, as much as $10 million to $12 million in additional receipts between 2023 and 2038; with an average increment projected to be roughly between $626,630 and $750,610 realized annually. Over the full planning period, the projections reflect an average annual compound growth rate between 3.6% and 5.0%. By comparison, the historic tax increment average annual growth rate for the CRA over the last 10 years, 2013 to 2022, was about 4.2%. The historic tax increment, as well as the H-M-L increment projections for the CRA from 2010 to 2038 are illustrated in figure below. 1,200 ei 0 1,000 0 0 800 - w 6ou 0 400 200 o n 0 00 N N n C4 CN M M M m r°0i Low Moderate -High Historical In addition, the moderate scenario for projected total increment value, as well as the County and City's contribution to the tax increment revenue is detailed in the table below. Additional detailed tables of the low and high projections can be located in the appendix which accompanies this document. Total Taxable Base Year Total County City Total FY Year Value value(') Increment Contribution Contribution Annual Tax Value at 95%(2) at 95%{z) Increment 2023 $ 115,636,800 $ 41,561,980 $ 74,074,800 $ 249,600 $ 204,400 S 454,000 2024 119,855,300 41,561,980 78,293,300 263,900 216,100 480,000 2025 124,116,100 41,561,980 82,554,100 278,200 227,800 506,000 2026 128,4)9,500 41,561,980 86,857,500 292,700 239,700 532,400 2027 132,766,000 41,561,980 91,204,000 307,400 251,700 559,100 2028 137,156,000 41,561,980 95,594,000 322,200 263,800 586,000 2029 141,589,800 41,561,980 100,027,800 337,100 276,100 613,200 2030 146,067,900 41,561,980 104,505,900 352,200 288,400 640,600 2031 150,590,900 41,561,980 109,028,900 367,400 300,900 668,300 �•, 2032 155,159,000 41,561,980 113,597,000 382,800 313,500 696,300 r, N 2033 159,772,800 41,561,980 118,210,800 398,400 326,200 724,600 r,..,„>- d N sub -rotor $ 1,053,948,100 $ 3,551,900 $ 2,908,600 $ 6,460,500 i cn 2034 164,432,700 41,561,980 122,870,700 414,100 339,100 753,200 2035 169,139,300 41,561,980 127,577,300 430,000 352,100 782,100 2036 173,893,000 41,561,980 132,331,000 446,000 365,200 811,200 2037 178,694,000 41,561,980 137,132,000 462,200 378,500 840,700 2038 181,706,600 41,561,980 140,144,600 472,300 386,800 859,100 TOTAL $1,714,003,700 $ 5,776,500 $ 4,730,300 $ 10,606,800 Source. noncto Deporrment of Revenue, Sebastian Community Redovetopmen( AgerrCy Indian RiVLf County Final Totals may nor add due to rounding (1) Assumes 1994 base year of $34,959,870 and 2003 base year of $6,602110. 2022 lox Roil, GAI Consultants, Inc Mores Represents the moderale scenario. (2) Appl+es miltage rate of 35475 for the County and 2 9050 for Me City (3) The years foliowfng sunset are provided for reference in a future evoluarion of extending the Agency's current sunset date, 2033 1 68 1 2023 Sebastian CRA Sustainable Redevelopment Master Plcon 79 of 138 ALTERNATIVE FUNDING OPTIONS & INCENTIVE PROGRAMS POTENTIAL RECEIPTS AND CAPITAL CONTRIBUTIONS Identified below are several ways other communities have opted to improve or enhance both operational receipts and capital resources. These alternative funding options could be instrumental in the Agency obtaining additional resources to fund redevelopment projects and programs. Some options, including the general fund, are addressed below. GENERALFUND This is the most common source of budgetary commitments within a community and appears to be the primary means of funding or supporting various redevelopment activities in the City and the CRA today. The issue, of course, is that every citizen claims to want more arks, and there is typically a level of service ("LOS"standard for parks in each community's comprehensive plan. Those standards become increasingly prohibitive to absorb through the general fund. Advantages • Commonly used for both capital and operations. • Subject to annual and continuing reviews. Any receipts or dollars generated combine well with other resources. • Probably the most reliable financial mechanism. • Dollars can be allocated to almost any purpose. • Already a functioning system in place to address needs. Disadvantages • May be difficult to justify additional spending for facilities in certain locations. • Whatever the City budget might be, it is limited by law to a certain millage ceiling. SPECIAL ASSESSMENTS Special assessments are fees levied to achieve a specific level of benefit or service. They take many forms under various provisions of Florida law. Depending upon their purpose or means of implementation, such assessments may be imposed simply by the City as the controlling legislative body, or could be authorized by referendum in some cases. It is a financial resource with flexible application to absorb or offset both capital and operational costs. They can be applied to the capital or operational costs of parks as well as roads, lighting, and other facilities or infrastructure broadly defined. Assessments must be shown to provide a demonstrable benefit to property and the charge cannot exceed the benefit which reflects considerations more than simply an increase in property value. They can extend citywide or to certain accessible or identifiable areas. Because the idea of a benefit is quite broad, there are then multiple ways of allocating the assessment itself. The manner ultimately applied should satisfy certain tests of reasonableness and logic, but Florida law allows extensive latitude. Advantages • Commonly used for both capital and operations, • Subject to annual and continuing reviews. • Any receipts or dollars generated combine well with other resources. • Probably the most reliable financial mechanism. • Dollars can be allocated to almost any purpose. • Already a functioning system in place to address needs. Section 4 Redevelopmeni:ftaf 1389 I Disadvantages • An additional charge for services perceived as more properly absorbed by tax (General Fund) dollars. • While there are ways to reduce assessments to specific properties, such as schools or churches, all benefited properties generally must contribute. • May be difficult to justify added charges or fees in disadvantaged neighborhoods. • If subjected to referendum, may not be adopted. SIMPLE USER FEES While such fees are typically associated with a controlled gate and for selected facilities, it is not uncommon for them to apply to trails and conservation areas at an obvious access point, often through an honor system. Where there is not an attendant, appropriate in many situations, rates would be posted and there would be a secure box for collections. These proceeds are generated for a specific park or area deemed to benefit from their imposition and their collection. Advantages • Tied to specific facilities. • May combine existing workers if maintenance is an issue at a targeted location. • Ease of administration. • Any receipts or dollars generated combine well with other resources. • Dollars can be allocated to site, area, or facility specific or activities. Disadvantages • Best for modest collections. • Unlikely to offset major costs. OTHER COMPLEMENTARY PROGRAMS, DOLLARS, OR FUNDS While assessments, benefit charges, and increment dollars could be extraordinarily effective, there are other funds and financing techniques which should be considered as well. These additional approaches leverage the value of other dollars and have application to specific activities. GRANT PROGRAMS Grants are typically performance and/or criteria - based awards directed to a variety of initiatives and originating from many different local, state, and national resources. They are typically competitive although "need" may be a sufficient premise for an award. As well as coming from governmental sources, grants are sometimes provided by major area banks and institutions, foundations, and many smaller non- profits. Federal and state grant opportunities are highly limited. As such, their value and availability today are highly speculative. Because these dollars are highly speculative, they are not a sturdy foundation for an implementation plan, especially if there are near term objectives which must be satisfied. Grants are better viewed as enhancements to financial options which are imminent and controlled by the parties or groups looking to realize immediate change through a plan. Advantages • They are often dollars extended without recurring obligations to the recipient. • They can often be paired with, or inserted into, any financial scheme. • They can be available for both capital and operational activities. • May create a long-term partnership with granting entities or institutions. • May be flexible in some cases as circumstances evolve. Disadvantages • Not likely to be an immediate financial resource • Usually highly competitive and can be costly. • Major reporting and accountability requirements. IMPROVED LEVERAGING AND COORDINATION OF EXISTING EFFORTS In many controlled situations there are likely to be projects, programs, or work which could be coordinated and leveraged to support or implement the development and/or redevelopment activities or management responsibilities associated with potential catalyst site concepts. Here, we are also considering the existing or potential maintenance activities or improvements already occurring within the Sebastian CRA. All the development and/or redevelopment of the catalyst sites controlled by the Agency, and nearby areas will require coordination, planning, and other efforts that might be funded or supported together such that the cooperative arrangements benefit the City and the Agency in some measurable or reasonable way. Over many projects or programs, careful planning, coordination, and scheduling can save dollars that often may be sufficient in scale to support the equivalent of still other projects. Advantages • Recognizes and leverages investments in staff and other program resources which have already been committed. • The costs often leverage dollars without recurring additional obligations. • Efforts are wholly marginal costs, so they are extremely efficient from an economic standpoint. • Can literally be paired with, or inserted into, any financial or program scheme. • Flexible in some cases as circumstances evolve. Disadvantages • Requires very forward -looking thinking. • Rarely aligns perfectly with existing budget priorities. • May alter a preferred sequence of events. 70 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 81 of 138 INCENTIVE PROGRAMS Development incentives are a set of policies which encourage economic development. These incentives take many forms such as: Tax Refunds, Tax Increment Financing, Enterprise Zones, Foreign Trade Zones, Historic Grants and Tax Credits, Interest write down, New Market Tax Credits, the use of Private/Public Partnerships, Predevelopment Loans, Grants, insurance programs, Non Ad -Valorem Loan Guarantees, enhanced public amenities, Brownfield funding and other Municipal Finance Strategies. The 19 incentives summarized within the following pages may be adopted by the City and provide the Agency the tools necessary to continue to attract quality development projects and investment into the community. It is critical to note that in any given year any local, state, and federal program may be underfunded or discontinued. The 2023 Sebastian CRA Master Plan has a timeframe for implementation of 2023-2039. It is the responsibility of the Governing Body, Agency, Staff, and downtown developers and residential and retail applicants to be mindful of the health of any such program for which funds are being sought. 1. FLORIDA BROWNFIELD PROGRAM Brownfield redevelopment is of great importance in Florida where balancing strong economic and community growth with suburban sprawl is an ongoing challenge. The Florida Brownfield Program encourages voluntary cleanup of Brownfield sites by awarding tax credits to partially offset the cost of site rehabilitation or solid waste removal. The following may be available by entering into a Brownfield site rehabilitation agreement (BSRA): Annual 50% Tax Credit for eligible Site Rehabilitation costs. One-time 25% Bonus Tax Credit for complete cleanup. One-time 25% Bonus Tax Credit for development of 100% Affordable Housing or Healthcare Facility/ Providers. One-time 50% Tax Credit for Solid Waste removal. If the property is located in a designated Brownfield area, then may be eligible for: Up to $2,500 Job Bonus Tax Refund for each new job created by an eligible business on or abutting a site with a BSRA. Refunds on Sales Tax paid on the purchase of building materials used for affordable or mixed -use housing projects built on or abutting a BSRA site. 2. ECONOMIC DEVELOPMENT TRANSPORTATION FUNDS A State of Florida program designed to alleviate transportation problems that adversely impact a specific company's location or expansion decision. Eligible projects are those that facilitate economic development by eradicating location -specific transportation problems on behalf of a specific eligible company. 3. CAPITAL INVESTMENT TAX CREDIT (CITC) CITC is used to spur capital investment in Florida's High Impact Sectors. It is an annual credit, provided for up to 20 years, against the corporate income tax. The amount of the annual credit is based on the eligible capital costs associated with a qualifying project. Eligible capital costs include all expenses incurred in the acquisition, construction, installation, and equipping of a project form the beginning of construction to the commencement of operations. 4. HIGH IMPACT PERFORMANCE INCENTIVE GRANT (HIPI) Negotiated grant used to attract and grow major high impact facilities in Florida. Grants are provided to pre - approved applicants in certain high -impact sectors designated by the Florida Department of Economic Opportunity (DEO). 5. QUALIFIED TARGET INDUSTRY TAX REFUND (QTI) Available for companies that create high wage jobs in targeted high value-added industries. 6. LOCAL GOVERNMENT DISTRESSED AREA MATCHING GRANT Stimulate investment in Florida's economy by assisting Local Governments in attracting and retaining targeted businesses. The amount awarded by the State of Florida will equal $50,000 or 50% of the local government's assistance amount, whichever is less, and be provided following the commitment and payment of that assistance. 7. INNOVATION INCENTIVE PROGRAM This program allows the state to compete effectively for high -value research and development, innovation business, and alternative and renewable energy projects. Long-term investments made by the state in industry clusters critical to Florida's future of economic diversification. 8. QUALIFIED DEFENSE & SPACE CONTRACTOR TAX REFUND (QDSC) Pre -approved QDSC projects receive tax refunds of up to $5,000 per job created or saved in FL. There is a cap of $7.5 million per single qualified applicant in all years and no more than $2.5 million in tax refunds may be received in any given fiscal year. Businesses must pay 115 percent of the state average wage and secure a resolution for City of Sebastian 20 percent matching financial support. 9. QUICK ACTION CLOSING FUND (QACF) This is an up -front discretionary grant incentive that can be accessed by Florida's Governor, after consultation with the President of the Senate and the Speaker of the House of Representatives and review by the Joint Legislative Budget Commission, to respond to unique requirements of wealth - creating projects. When Florida is vying for intensely competitive projects, Closing Funds may be utilized to overcome a distinct, quantifiable disadvantage after other available resources have been exhausted. Section 4 Redevelopmen$@lolfi 10871 1 10. SALES AND TAX USE EXEMPTIONS ON MACHINERY AND EQUIPMENT This exemption is for sales and use taxes paid on the purchase of new machinery and equipment used (directly related) to produce a product for sale. This program is administered through the Florida Department of Revenue. Program is for manufacturing and printing businesses or businesses which use a portion of a manufacturing process that are relocating to the area, opening a new facility or expanding. 11. SALES TAX EXEMPTIONS ON ELECTRICITY USED IN MANUFACTURING PROCESS There is an exemption on the 7% sales tax for electricity used in the manufacturing process (if 75% or more of electricity is used in manufacturing). Exemption is managed through the Florida Dept. of Revenue. 12. WORK OPPORTUNITY TAX CREDIT (WOTC) The WOTC is a federal income tax credit that provides incentives to private for -profit employers to encourage the hiring of individuals from certain targeted groups of jobseekers who traditionally have difficulty finding employment. Employers can reduce their federal income tax liability up to $9,600 during the first year of employment of a member of targeted group, depending on the target group. There is no limit to the number of qualified employers for which an employer receives this tax credit. 13. NEW MARKETS TAX CREDITS The NMTC Program was established to spur new or increased investments into operating businesses and real estate projects located in low-income communities. The NMTC Program attracts investment capital to low-income communities by permitting individual and corporate investors to receive a tax credit against their Federal income tax return in exchange for making equity investments in specialized financial institutions called Community Development Entities (CDEs). 14. HISTORIC REHABILITATION TAX CREDIT The Federal government encourages the preservation of historic buildings through various means, one of which is the program of Federal tax incentives to support the rehabilitation of historic and older buildings. The National Park Service administers the program with the Internal Revenue Service in partnership with the Florida Division of Historic Preservation. The tax incentives promote the rehabilitation of historic structures of every period, size, style, and type. The tax incentives for preservation attract private investment to the historic cores of cities and towns, They also generate jobs, enhance property values, and augment revenues for state and local governments through increased property, business, and income taxes. The Preservation Tax Incentives also help create moderate and low-income housing in historic buildings. Through this program, abandoned and underused schools, warehouses, factories, churches, retail stores, apartments, hotels, houses, and offices throughout the country have been restored to life in a manner that maintains their historic character. 15. HOUSING CREDIT (HC) PROGRAM The HC Program is governed by the U.S. Department of the Treasury and Florida's allocation is administered by the Florida Housing Finance Corporation. Under the HC Program, successful applicants are provided with a dollar -for -dollar reduction in federal tax liability in exchange for the development or rehabilitation of units to be occupied by very low- and low-income households. Developers who cannot use the tax reduction may sell credits in exchange for equity to the development. On a project basis, the amount of credits available is approximately equal to 9°% of the cost of building each very low-income unit, including a developer fee but excluding land cost. For certain federally assisted projects (Mortgage Revenue Bonds and Rural Housing) this translates into 4% of building costs. Syndication of the credits to investors can raise equity to pay for 40% or more of a project's costs. 16. PRE -DEVELOPMENT LOAN PROGRAM (PLP) The PLP Program provides below market interest rate financing and technical advisory services to nonprofit organizations and public entities for preliminary development activities necessary to obtain the requisite financing to construct home ownership or rental housing developments. 17. RENTAL HOUSING MORTGAGE REVENUE BONDS (MRI3) The Multifamily Bond Program utilizes funds generated from the sale of both taxable and tax- exempt bonds to make below -market interest rate loans to non-profit and for -profit developers of rental housing. Developments that receive tax exempt financing also receive automatic 4% Housing Credits directly from the federal government. 18. STATE HOUSING INITIATIVE PARTNERSHIP (SHIP) The SHIP Program's mission is threefold: (1) provide funding to eligible local governments for the implementation of programs that create and preserve affordable housing; (2) foster public -private partnerships to create and preserve affordable housing; and, (3) encourage local governments to implement regulatory reforms and promote the development of affordable housing in their communities by using funds as an incentive for private development. Funds are allocated to every Florida County as well as municipalities which receive CDBG funds. 19. STATE APARTMENT INCENTIVE LOAN PROGRAM (SAIL) The SAIL Program provides low -interest rate mortgage loans to developers who build or rehabilitate rental developments, made affordable to very low (50% or less of area median) income households. The SAIL loan bridges the gap between a development's primary financing and total development costs. I 72 1 7023 Sebastian CRA Sustainable Redevelg3ment Master Plan 83 of 138 PROPOSED UPDATES TO THE CAPITAL IMPROVEMENT PLAN The intent of the proposed funding allocation is to recognize the relative importance of the already identified or contemplated activities or programs. The proposed funding allocation is a tool to focus decision making and actual implementation as resources become available. The activities and proposed funding allocation recognize discrete and particular plans, timetables, policies, and policy criteria or program content will be completed in accordance with these priorities. To emphasize again, a community redevelopment plan is not a detailed blueprint with a list of stipulations and provision. These will emerge in accord with this 2023 Sebastian CRA Master Plan as the framework outlined in it is implemented. While it is the purpose this 2023 Sebastian CRA Master Plan to direct resources to those listed, it is also the intention that funds should be allocated with some flexibility, in part, because funds from other sources could be leveraged and directed to many of the some focus areas. As a part of that flexibility, it is expressly the intent of this 2023 Sebastian CRA Master Plan that the allocation of resources between and among activities should be fungible such that adjustments in sums do not require a plan amendment/modification. As long as the overarching objectives and related principles that guide this plan are maintained, spending should be consistent and in accordance with projects and programs of this 2023 Sebastian CRA Master Plan. The funds for implementation could come from a variety of resources, just as they have in the past. . Sunset 20330) Short -Term Funding Allocation (1-5 Years) Cumulative 5-Year A�= FY FY FY FY FY 2023/24 2024/28 2025/26 2026/27 2027/28 Capital Improvements Projects ("C1Prr) Riverview Park Master Plan - $500,000 $250,000 Implementation Riverview Park (Event Center) Workin - $750,000 $150,000 $150,000 $500,000 $500,000 $1,000,000 $250,000 $250,000 g - $250,000 $250,000 $250,000 Waterfront $750,000 $50,000 $50,000 Catalyst Sites - - - - - $- Infrastructure Improvements $ Gateway $15,000 $15,000 Features - - - - Safety Features _ _ _ _ _ $- Other Projects / Programs $500,000 $500,000 $500,000 $5001000 $100,000 $100,000 Programs $40,000 $40,000 $40,000 $40,000 $40,000 $200,000 $200,000 $200,000 TOTAL $55,000 $790,000 $790,000 $540,000 $540,000 i $1,750,000!, . = Source. City of 5ebastion Fy 22,123 Budget, City of Sebastian Copitol improvement Program; Sebastian Rivediont Community Redevelopment Agency Annual Reports; Sebastian CRA FY 22123 Budger, G41 Consulronfs. Mote: FY Represents fiscal years. (1) The years following sunset are provided for reference in a furore evaluarion of extending the Agency's current sunset date, 2033 Section 4 Redevelopmerig{p(yf 113g3 RECOMMENDED STRATEGIES FOR REDEVELOPMENT PLAN IMPLEMENTATION The objective of a redevelopment plan is to provide direction, identify resources, and define projects and programs that remove the slum and blighting influences identified in the 1995, 2003, and 2010 Sebastian CRA Master Plans and that have been highlighted in subsequent planning initiatives. This 2023 Sebastian CRA Master Plan continues to address many of those priorities as well as focus on the five overarching Major Themes which were identified through the most recent public engagement efforts, these Major Themes include: Infrastructure & Drainage Waterfront, Parks and Public Spaces Roads, Parking, and Pedestrian Connectivity Improvements Public Safety Preserving Community Character The identification of these Major Themes was highly influential in developing the recommended strategies for implementation described below. ADMINISTRATION OF THE REDEVELOPMENT PLAN Evaluate and update the Sebastian CRA Master Plan every 10-years. Monitor amendments to Chapter 163 of Florida Statutes to ensure that all programs, projects, activities, and expenditures of funds from the redevelopment trust fund undertaken by the Agency are in compliance with the Redevelopment Act. Update Capital Improvement Program as well as all other project and program funding allocations on an annual basis. Comply with all annual reporting requirements as stipulated under Chapter 163.371 of Florida Statutes. Provide for a financial audit of the redevelopment trust fund to be conducted each fiscal year by an independent certified public accountant or firm as required by Chapter 163.387(8)(a) of Florida Statutes The current 30-year operational term of the Agency began in December 2003, therefore the Agency will "sunset" in December 2033. The Agency may continue beyond its original 30-yeai term for a period of no more than 60-years, but only by majority vote of the City Council subject to other provisions of the Redevelopment Act. An assessment of the CRA projects, programs, and related activities should be conducted within the first 5-years following adoption of this 2023 Sebastian CRA Master Plan to determine if continuation of the Agency for a period in excess of 30-years is necessary. OVERLAY DISTRICTS Adopt a formal definition for "Old Florida Fishing Village" - Both the Riverfront Overlay District and Sebastian Boulevard Triangle Overlay District "encourage durable construction that is harmonious with the architectural heritage known as the 'Old Florida Fishing Village' of Sebastian". However, this type of architecture is not currently defined. Based upon feedback from public engagement conducted as part of this 2023 Sebastian CRA Master Plan, the following definition is recommended: "Old Florida Fishing Village" Architecture has themes of Active with Natural Tones and Traditional Iconic Elements. The Active with Natural Tones theme represents an active waterfront with restaurants, boat docks, and social opportunities; whereas, the Traditional and Iconic Elements theme represents traditional coastal buildings with iconic elements and vibrant accents. ACTIVE WITH NATURAL TONES .eana w[u�lrxl.[nn,elloueann, taa met.. and wcwl elrl✓�mm�irs c M TRADITIONAL & ICONIC ELEMENTS lialnm![oxl.Y b[l�Srq Mrt� Iepw• awnwl[d �nda�l ue«In[ In addition to defining "Old Florida Fishing Village", it is recommended that a formal style guide be commissioned. The style guide should be both highly visual, providing abundant examples of desirable architectural treatments, and technical, providing clear and easy to follow criteria. An effective style guide will be beneficial to anyone seeking to build or renovate within the CRA and the Overlay Districts and reduce potential delays in development and redevelopment. 74 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 85 of 138 To offset the costs imposed by the Overlay Districts' design criteria, the following modifications to the each of the Overlay Districts (and underlying zoning districts) are recommended to increase the flexibility and the likelihood of successful projects. RIVERFRONT OVERLAY DISTRICT Consider removing minimum parking requirements. COUNTY ROAD 512 OVERLAY DISTRICT Introduce I -MIX Zoning. Multimodal Enhancements. Consider removing minimum parking requirements in tandem with cross access easement requirements. Photo SE��+SrEgN .fir OPPORTUNITY SITES Prioritize the opportunity sites, previously identified in the 2010 Sebastian CRA Master Plan, that could be ripe for redevelopment and reinvestment within the CRA. RIVERVIEW PARK - The Riverview Park Master Plan was completed in 2019, To date, many of the projects identified within that Master Plan have been completed or are underway. Riverview Park is also a catalyst project; continued implementation of the Riverview Park Master Plan is a short-term priority within the Park District. FISHERMAN'S LANDING WORKING WATERFRONT - The vision for this project, which is located along the Indian River Lagoon, is to link several parcels together to educate the public about the commercial fishing heritage of the community through a retail/wholesale seafood house, exhibitions, educational venues, and events. This site is a catalyst for new economic activity and a tourist anchor within the CRA and the Riverfront District specifically. Property acquisition to facilitate development of catalyst projects is a short-term priority within the Riverfront District. SEBASTIAN BOULEVARD TRIANGLE AREA - This area is an important gateway to Downtown Sebastian. The vision for this area is to create a vibrant small-town neighborhood that integrates well with the adjacent residential communities. SEBASTIAN BOULEVARD TRIANGLE OVERLAY DISTRICT Introduce I -MIX Zoning. Multimodal Enhancements. Consider removing minimum parking requirements. CATALYST SITES Prioritize the catalyst projects within the Sebastian CRA, including Fisherman's Landing Working Waterfront, Indian River Drive, U.S. Highway 1, Riverview Park, and the Sebastian Boulevard Triangle Area, over the short-term (1--5 years) and longer -term (6--10 years). This area contains a catalyst project which would be beneficial towards improvement of the area for mixed use development, connectivity to adjacent residential communities, and street scope improvements. Property acquisition to facilitate development of catalyst projects is a short-term priority within the Sebastian Blvd Mixed -Use District. INDIAN RIVER DRIVE - Improved pedestrian experience through pedestrian connectivity, streetscape, and pocket parks is a Major Theme within the CRA and consistent with the Guiding Principles of the CRA. Indian River Drive also contains a catalyst project just south of the boat ramp. Property acquisition to facilitate development of catalyst projects is a short-term priority within the Park District. U.S. HIGHWAY 1 - Improving activity through the development of commercial properties, updating lighting, landscaping improvements to landscaping, pedestrian crossings, and a gateway entrance are essential element of the Guiding Principles of the CRA. U.S. Highway 1 also contains a catalyst project near the intersection of U.S. Highway 1 and Main Street. Installation of gateway features and property acquisition to facilitate development of catalyst projects are short-term priority within the U.S.-1 Commercial District. Section 4 RedevelopmentMcg 11395 1 ;'j-P1 I IDIX CONTENTS Sebastian CRA Legal Description...........................................................78 Community Survey Results..........................................................................79 Tax Increment Detailed Tables.................................................................85 Riverview Park 2018 Master Plan..............................................................86 88 of 138 SEBASTIAN CRA LEGAL DESCRIPTION Begin at the northeast comer of the municipal limits of the City of Sebastian; run west following the city limits to a point of intersection of the eastern right-of-woy line of the Florida East Coast Railroad; run southeast following the east right-of-way line of the Florida East Coast Railroad to the point of intersection of the City of Sebastian's southern municipal limits; run east fallowing the City of Sebastian's municipal limits; run northwest following the some city limits to the point of beginning. T)1' 4SiON AREA IECAI DESCRIPTION Begin at the intersection of the east right-of-way line of the Florida East Coast Railroad and the western right-of-way line of westbound Sebastian Boulevard (CR 512 west); run southwest along the western right- of-way line of westbound Sebastian Boulevard (CR 512 west) to the southeast point of intersection of the right-of-way lines of Calamondin Street and Temple Avenue; run west along the south right-of-way line .of Calamondin Street to its southwest limit; run west following the north boundary of Parcel# I of the Coy A. Clark Company Plat; run south following the west boundary of Parcel # I of the Coy A. Clark Company Plat to the western right-of-way line of Sebastian Boulevard (CR 512 west); run southwest along the western right- of-way line of Sebastian Boulevard (CR 512 west) approximately 200 feet; run southeast perpendicular to the right-of-way of Sebastian Boulevard (CR 512) to the northernmost limit of the boundary between Lots 48 and 49, Sebastian Highlands Unit 12 subdivision, Plat Book 7, Page 57A, of the Public Records of Indian County, Florida; run northeast along the eastern right-of-way of Sebastian Boulevard (CR 512 east) to the easternmost right-of-way of the alley running through Lot 58, Sebastian Highlands Unit 12 subdivision; run southeast along said alley right-of-way line to a point' of intersection at the southernmost boundary of Lot 58; run northeast along the southernmost boundary of Lots 5B-71, Sebastian Highlands Unit 12 subdivision to a point of intersection with the west right-of-way line of South Wimbrow Drive; continue northeast from the right-of-way of South Wimbrow Drive to the southwest comer of Lot 5, Sebastian Highlands Unit 12 subdivision; continue northeast along the southernmost boundary of Lots 5 through 12, Sebastian Highlands Unit 12 subdivision and continue to a point of intersection at the eastern right-of-way line of the drainage right-of-way, as identified on Plat Book 8, Page 44D, of the Public Records of Indian River County, Florida; run south along the east side of the drainage right-of-way line and continue following the said right-of-way eastward; continue to follow the same right-of-way southward to a point of intersection at the southern municipal limits of the City of Sebastian; run east following the southern municipal limits of the City of Sebastian to a point of intersection with the western right-of-way line of the Florida East Coast Railroad; run northwest following the municipal limits of the City of Sebastian; continue westward following the said municipal limits of the City of Sebastian; continue northward following the some municipal limits of the City of Sebastian; continue northeast following the municipal limits of the City of Sebastian to a point of intersection of the eastern right-of-way line of the Florida East Coast Railroad; follow the east right-of- way line of the Florida East Coast Railroad to the point of beginning. I 78 1 2023 Sebastian CRA Sustainable Redevelopment Nsastef Plan 89 of 138 COMMUNITY SURVEY RESULTS 5e0001En-K—.1TOnt CRA Survey - Sebastian -Riverl9 tCRA S—" Q1 What is your age? Q2 How would you describe yourself? Amnr.n 10 sle ! U v.lv.ax To 5,n j IirMw p1A Tea I..r.r1�w ■ aE-sa C" M Tor 5[,. .9'. 1'e. .Cx 99\ 1C9w n low 7a+. �o. .cw eex ev. Tc-. ee. 9v. lacy Aleymk tS10PZE AESe[a.SEE Illramnr CAA 35 . MI I xon, m ne eR. 1: MI. ANSWEPC ICES P OPSES I] I. Udn 0.005. Is 17 000'. 2— 0 0 3 I YW Pe CPA 7Of41 _1 C11 San 7625 ]Ws 14Yn 12 �6N Il IB ab6. 55• TW& 15.514T 55.71ft 13 6] C6 1lJfi Jl76 5ehaslibn - RlverlroM CPA Survey Setlestlan - RIVe"TnPt CPA Survey Q3 At what times do you typically frequent the area? Q4 What time of the week do you visit the area? • r .-i 1. `_.7p a 1 A-1 143 5,- C I.I..A, ^e ■ u.1..m Aaxrteon� rn�.l Ml• f.elwl axw T. on r9+ �. In low p. M. I.. iTn lC.. 6[. f0� .:W AVSNIEP C11010E5 REEPOPEEL w1ef 11.1E 59.aTN AAq/WEP dO1LE0 PESPONSES vtt�...1. Eta. 11 i+ 310T5 7"k EuM ^+�aYl 11.01h 25 701xt 12.21k to Ahemorn 11.66k E] Ewr.M TOTAL 17119ff a1 147 ♦1R6 A116 ; -90'of 11399 1 SeO ,an -Nlr nrt 1CIU Survey Q5 Which activities do you typically participate in when visiting the CRA? Select all that apply. F rrr[nrJf A„r Y rs..n 41 rrr'+i tlxdR iesrrrtnn .I aA lar tam N'[ [w. e,r• wn ra. e.. Yc . ,� . 5126 SeOiS[IeO - NIVMIME CRA Survey Q6 Are you aware that the CRA has different districts? Please select all the ones you recognize. vuaePra— t>• al* ux ru rlr. 7:. a r.-, 5eOa51tdn - Ntven.W LNn Swry ANSYN:Ap as R PONE" e�r:rc nWA >te E. s�wdPn/s<ll r[rrs LA Vrl'V t,Wie1•q n:1 •17r. 76 MM. Vrevuyt ..V 17.8M1 71 sllnnB lv.r---..[MP1R1 VrJI a PNnnP'e112 —M 23 ITe 32 P[r74aruY 33 9Pr. 31 Revesm. P,r.�a�s lE lw 21 GrmyM3 E.+rr! 6151 1IN rJ�Yen[k`Fx"uwx+ IO.law is waF l3 Sl'•- i9 Sr qwq ra>My . . 1tN EnleNlrmerr S1 iv-� le Otle+lrYa+e +Ir[S1 114W 17 TNN R rnrtlnls Ii8 a OVER(PLE/.SE SPEVFYI WE l Pra1 9w 1. 212WP02386Y PM 2 I dhn ur.s 4� r+rrplNq N [v..el. 213UN217 e1 PM 211=31i PM 3 Mrlrq 3.282@l1.]A AJA 5 Rr11yA�..r1PP.rb Ian AYxel resen A)WCMMPM 0 E°Y 1kr4 Ia2m 7'5P PM 7 PMJr RtmM+1 231:G;1736 AM F G1M nnP L2t'4'11 n PM 3 WNyq 2IM0111 W — lG Mnah<1irgWlrlrlw 8wrwa'eh ltp'gtir�lx[rrarTr IR.ey.r.,. 516urF n, 3++rN I.Xmt3 PL• 11 innq larliq bf+'3a33315 PM 12 We wei rrMy nwltvq Irons llR qrR iP Nrtynl lnN lNM NM Nlcl PciY'J w llo+ 4• M&nn 2 23 FM ,kkI A ru w7r ekes lq prlM1t Nv[Mmx nsrw rl vuNr.ery tmrirq 13 11rMq _ .,1 W'3Pl] SS 1r AM k1 1F'M la rry WI V14)X2) E 31 AM 15 lve alb W .I INry! nerr 1'11r473 5W PM 16 Mve 311,76793 f6vM $126 SeO scan- NveRrort CRAStCvey Q7 How much do you agree with the following statement? The Sebastian Riverfronl CRA needs improvement. 1,_ _. ­ I ANSVIER GI ES MSPON5E6 ANSMR{ ICES 31EAP E6 PM GPrr.: G Ss • YS 51�ir rr[• 6 M. � SNtNux. Blrvl MuW Uar WTct 1:M. M, yP,[y a71? 70 US.I lt•w'+w,G� WilKl 61 SI SLa 23 11vM1u.! Il.[nl d[ ]!'. i M Days E wr I4 ie6aa[r1 Dh 5; P.r.l h 1' "' Srr[ yr ibaex S 3Y+ 1 I.Yr RnlaWln la: T07M Iec 7136 6126 1 80 1 2023 Sebastian CRA sustainable Redevelopment Master Plan 91 of 138 Seb3sban - Wyedrant LkA Survey Q8 Which areas need more improvement? Please rank the districts below by improvement needs, 1 being the one that needs the most improvements and 5 the one that needs the least. Al: wrW IAT S4y,eu 9 f•axr•n R+d Vrnd+r•_ 1rPa+un 1[Ye Sevin p[l.kl t a s • 6 Twft EFOf+E Pr CM.— 20" 24210R 23,57% 191%11 12A" 29 V 33 27 22 2.6 319 SeneM.RTA W[rd11.r p.lrxr 29.29k 25.71% 23.57% 13574 T1N% .1 as 33 is 11 N0 L u5-1 En —w Ok.rl 29cII% 21.a 2T.25% 22.1M 95M L W W 21 12 h[0 122 Rw�Agf LMIn[i IS W. 15.1% 15.71% 249 IN S7% 25 73 22 L 26 1+6 3.E6 Srbmwn Blw+Jren MtKi 5.71% 121- 9.210A 20.71% 52 I•% 9 12 13 N 73 110 19r 13 9126 Sebastian - %Ivefiront LHA Sumvy hb marls vral_ Ennh rcafh —. ru , On[ Pnp,1Y- Mot A L'Pnmis .111MZ3 12 Y PM rressauw emt rbn7 r9P[. al IIPM_ 2/25Ii073 7 M PM rnr Y- 74N9232 SS PM UA-mole .sb;re and Wf2[ke N.yVe."J. L2M2a23 P Se AM 5M41Pe peafr'.Ik•1 eesalwd3 a ]ne ha.ws 2n Ar7022 T m.M McPpy w•r rM9 uPd a+,a a Rp.W u IAn.f.e Hot M1bq R w'"Ih werprxeJ no[rseq L2M2W] 6 37 AM :hat dwIU.'. N rrctl, .sed a{weQ tlanE n'rk ae+uf a hrlws �,yl Y! IMye'. 212Y29L9 I % Pv H.w eaom:� xa3zo2i 7 � ru 6wmus 12 =3 7. 3 PM a.. m pi—N ara lee. 1-9 W VM3 7 ts AM — imps W2112023 7 21 PM AllaeenY el U, ilnrrq,rfJln n•6.y P.M,Ite 712IM23 22 2+ PM ErxewmnerN annq. ? 2WU3 s 46" rley.lP.nu kl." fifes, pw L16—, Emirnnxrff pq % re Veal. STOP. Mop 212 '20231 34 PM rivwfwd la Me9pr[e. Moe ePrioss aN •boor [r .�.h 2,1%2623 r 36 PM PlaySrym 2'1e'A2a [112 Pin K.W.ands.n pem rd keeps Wr Mpnl erurf7e a P. bl ..e e.e.yw.,. {hr 2,16'MT3 S:t PM Se1.n14p a Pr.[e7ul aN very .µoarL R n. ef.Pa 1.."m. d down R. Nlenren W[M1ans... TmA rven—n 219�1223PM Ibnekts P!©kI nWe It— rF [N upmr p[pµ tv[r2.[se—U hunsr %Yw W SaAh o b the —II matt 33M"W Red a Ices uea. M o m n.xded yR 4x a 4 M4 ap•R. 4 hop glen re m a ern] s .Ivry CAVP. O..P IP W rm m, W waA1 r[d er .vpned. TRY M A,oM1v. fnl l.alsra FIY6P mn.•pre Sew+ 21b20Z! 111A AM w ftrsanl trrInyrereln""n.1=• the ..In M.. I.,. 1'. a1Sm 4hem'+ 211112@1 1I 15 PM fi— ramp 2117✓N23 9 35 PM 217W3539 PN .er wide Veen.pace v[scenriwe Mwdl•se 247,20233NPM 73 r?6 beb&9--HlvM LM S—ey Q9 What local elements within the CRA would you say are the highest priorities for you? Select all that apply. Ann• — 1.7 Sl'ne+1 P r• q a'IM•e9en*� c•cl. wdr — n.J. - f Pen nd P"M1r 1A+rr. M•nre. i p6e pMeMr - •MYrI 5a 1P� 9h sv. +[�. !va fe'4 Fw few fOn ttww AIdW[A crrt]cF5 IQRPOrOEs IW,r,p P52% Pak; 31.ok .b.'n—d1. 1owl1 C7 — 7•.g3H AWc SaIttY 35.d2sp pool[ 19.T3M PMraHlP[ Elllrl6lryfr •O.l•% PrP.W Pk Srile. M?4% b++•r4 2721% ORlr 66--;` +n 15,65'w T7fY FON-RHef- l•T OIHEA tALEASE SPECIFYI mn 10,2b ' Senastian - lllveRlont LP.A Survey Q10 A major initiative for the Sebastian CRA is promoting the community character as "Old Florida Fishing Village". When you hear the term "Fishing Village", which of the following images would you say describe the preferred character of the community. Select the two (2) that best apply. Aft—d IN 5.4— 3 .•IM rw.r4 — Yaw 1J onwrv4 �i.S1r Mwkrn — • NnMnM — H.rw•t1.nw s,.Pnwr xe vAr+n, trw lelr M ]bM •rz _>ti rT m�. !'J,. YJR ,[[s A123WERO CKS pe5PWIES MVIM. Camlal a IW c Aru.r CPM W Vow. mw3 51 uadtrrw ala lonr.[E4menr 56.e5h Al MM rl Mown ara 7rWi 1 Si.91w i A[Pre vwlHWuN lone. ]6.]Vn y Snun Sdue rU mere 2$.]ex 31 7w.i Re.perd.n. t4 92 of M83, 1 5e0 van- Hivedr= ERA Survey - SCfsSllan-HIVtIfrOM CKA 5Y ty Q11 What would you like to see as major projects within the Park District? Q12 What would you like to see as major projects within the Sebastian Select all that apply. Blvd. Mixed -Use District? Select all that apply, P�fxq C.afyy VRV fGra an! akit fa^AG — RvnevvlFi. .•J aabhA rk. tom.: A,..•y, RRYIR•IM [ ,.✓Srwl 4+wul .cr.r�al«I FMI .Mr o.. 15N a>ti. 5eff epa Ift *0, 1P ., 1n` :rr. �,, tl♦ Pa1. sm rs laA txnl w,.. ARSw6R CHOICES REa► 15 ANSWER UMIICES PSSPON"S PMvg ul;y,.,wnwas a0.i vA Gu.q Mudras![ulxllwud Anw[ 1M 014 54 Vsy,dAs and RCwrll.ra,,, Rnn.wrs P«Y "11% 66 ALMM Syarayr rV W4wn u«fws it l;w X I.tw ltrw.�:.w RM.f 1r.59M M """a —cat W—Rsl+rl 11 ry, ss PMIR-il CavtcnR'f N.:.y,N or Rticl 066i 11 EM.mdmAmrrn. Yl«Alfmn..a cw.R:1.r lR S-- 1.4w 12 .mn.wl IY,16rvelopr.Rrc nlattn to P--Pa•. 251YM 12 a ,g 101-MPr—k"—vh'blMyc frW Vt.S Inn.— t"61'n PR fP:N Resprdersf Ia5 YUMffCftmvkl tm 13 126 SCIESM&R - RlllrlrpM I. RA Survey Q13 What would you like to see as major projects within the US-1 Commercial District? Select all that apply, s„a:,xfn Iull..fRwu a,..R.d Plfv„IU+ f 'lsYllr'x'f A $S RCR01CC5 .yrcAlscapR Pnpuve ., IRllfmxl m ennnm , Iwrl.." 1r 1—g— US I 1Mh ,,d PA IR,, ['I —my, 4US I l noYlA�?q »41RY Rw.-1 vnry.n N.+n If$.1 to aril ,)ef[xWixn lau RefRar lev 15f 26 ilESP0R5ES fn Yil! Sla to 5oI• a7 :1 saw 34 14126 5C6as11an - Rlve PoN ERA Survey Q14 What would you like to see as major projects within the Riverlront District? Select all that apply. t.wn wu-r w•1. a�M _ AaA^l l m IAPtYR •I�. 1 •rlsNa,� r�l+M `As .• AWMR CA01US RESPGMES Gnil'I'G P`'Kk.wt. *sldlk J.~annr 1ARWgPrpT.Wun AkvR. rril arR d 1". a—IM,t W11- K. A,A514 poaeueAn YNfks klxf.es rC up[IAl.ry xveu Llsrl iswrwafn �4 ner•A'M CRpeNn rA 2361+ 15 AMYplg1 V.V%.JewPak. A.yps•I r• vq at NRifet..14 n :f 4> if ImnwAaryFawraewp.l.er:r rn �fa.an AMf. asfngf�.r�.>r Gym a Al6rq KalN VlpesAlsM-, Itl RMs IM.,pIvA {.dRi'.v pde b n4. <vrr w+r .'rrf• 1.11. rl TJI rR pd. , I" 16M 82 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 93 of 138 5ecesuan - Al-nl -t L31A Survey Q15 What would you like to see as major projects within the Sebastian Blvd. South District? Select all that apply. •lore, 13T SYugn 13 GrstYy lrR+a[in wIrwfle� !Ta•t ltY ANSMA CHOICES AESp0A5Es OreVryt Wee, be-. hwn ArM MuatnALtanrnt+uW—PWAIrn. 51.6 TO Lcn.w.�^6le .u4pn ko. n•Lntny Nyl 36 Aeasy wpprte aewacYa rN r�ye3Nw'e Wsfsiapaq la �wneA WUNuy hurt Set.MtJn Ake Voeh�ae netrscl 5T,9aW 63 Ttnals pwtl , Ur lm 5e0afban - KI--Ent LNA $l .y NOT 3YV0ATAM EOPEW"Al tlLP w"T MO TELV M~TMt OA,*""T EXTKbIELY WP0 T"T TOTAL VIEIOMFA AVENGE Frgynt asyaAlm arse 6ppr I?"- T7.%. 1G-In 1O.mr leaiw.5n ntv.a to GPw u6vwaA•.,fa t-A% I761k Nrss, 3f-IRS I. T6k WILr9ridf6 0M) T 35 56 tt till 3e, 50faN TYarf t...v 5 tlh 31.33% ]T. W Ia.6 VAL% 0-91.wv 6 13 M TI W W 332 Try M3 F—A f-0ISYRl n 1. part. 0c) IP17E 5t6aftlan - K. tMW CAA bt-ey 016 From the following list of projects within the Sebastian CRA which are of most importance to you? hapnl3 — r.wsYVa. M.rrer�r +� ). spw 3e+. m .ex far py 145s !nv Tna ,ca. �4'ti I•+1 �S,r,H.'1 *!ws.r,r.ry .N•I tra.rl "H�e+gel, 16r7h sewsuan- givenrt LAA Wt " Q17 From the following list of programs within the Sebastian CRA, which are of most importance to you? r.es M,N 11, S-q q L r.d LanGua ■ Yap,saciewe C.viert W NYdYaM 30126 1 1:94 bf M13 } ' 6FPpLPn - RNMrgrR CRA S'Larvey 5e Odshan _ R, Verrr0n1 CM 5—y Q18 The following sites have been identified as catalyst sites within the Sebastian CRA for potential project opportunities, what is your level of agreement per site: ■ RMPrw. NY . � t.. nr r.• .t, L+ ern krt r.• y /ql SOME SEEP YERY F2STritNEl1 solAt NEIRACT FAPl3RlAIrF MVORT31A1 IRIPgpTRNT lwow INPOIRAM RIPORTFH! 16LTMML r WFAACF 49" SV pW ImacrrPlP Mrlalrq le ]Dt. n Y93:I 35 J SYr. ++ 10 g09a it f.1p+ r 1+' 3 ;1 PIa�IYrt ,.ewrywar. 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[Pr!r r4 Mraa an,r a{k'Mr i12NM3 I'F �M 23126 241 i6 1 84 1 2023 Sebastian CRA Sustainable Redevelopment Master Plan 95 of 138 `ta: f CCfrt CCCj- DETAILED TABLES IOW PROM CT1014 SCENARIO FY Year Total Taxable Value Base Year ValueW Total Increment Value County Contribution City Contribution Total Annual Tax In - at 95%T2l at 95%T�1 crement 2023 $ 115,266,582 $ 41,561,980 $ 73,704,602 $ 248,400 $ 203,400 $ 451,800 2024 119,067,639 41,561,980 77,505,659 261,200 213,900 475,100 2025 122,868,695 41,561,980 81,306,715 274,000 224,400 498,400 2026 126,686,065 41,561,980 85,124,085 286,900 234,900 521,800 2027 130,519,748 41,561,980 88,957,768 299,800 245,500 545,300 2028 134,320,805 41,561,980 92,758,825 312,600 256,000 568,600 2029 138,154,488 41,561,980 96,592,508 325,500 266,600 592,100 2030 141,955,544 41,561,980 100,393,564 338,300 277,100 615,400 2031 145,772,914 41,561,980 104,210,934 351,200 287,600 638,800 2032 149,606,598 41,561,980 108,044,618 364,100 298,200 662,300 2033 153,423,967 41,561,980 111,861,987 377,000 308,700 685,700 2034 157,257,651 41,561,980 115,695,671 389,900 319,300 709,200 2035 161,091,334 41,561,980 119,529,354 402,800 329,900 732,700 2036 164,925,018 41,561,980 123,363,038 415,700 340,500 756,200 2037 168,758,701 41,561,980 127,196,721 428,700 351,000 779,700 2038 170,912,089 41,561,980 129,350,109 435,900 357,000 792,900 2039 173,049,164 41,561,980 131,487,184 443,100 362,900 806,000 TOTAL $ 1,767,083,342 $ 5,955,100 $ 4,876,900 $ 10,832,000 HIGH PROJECT I014 SCENARIO Total Taxable Base Year Total County City Total FY Year Value Valuel'1 Increment Contribution at Contribution at Annual Tax Value 95%T�1 95%(2) Increment 2023 $ 115,641,794 $ 41,561,980 $ 74,079,814 $ 249,700 $ 204,400 $ 454,100 2024 121,808,315 41,561,980 80,246,335 270,400 221,500 491,900 2025 128,235,852 41,561,980 86,673,872 292,100 239,200 531,300 2026 134,924,406 41,561,980 93,362,426 314,600 257,700 572,300 2027 141,890,290 41,561,980 100,328,310 338,100 276,900 615,000 2028 149,117,191 41,561,980 107,555,211 362,500 296,800 659,300 2029 156,605,109 41,561,980 115,043,129 387,700 317,500 705,200 2030 164,354,043 41,561,980 122,792,063 413,800 338,900 752,700 2031 172,396,622 41,561,980 130,834,642 440,900 361,100 802,000 2032 177,192,804 41,561,980 135,630,824 457,100 374,300 831,400 2033 181,988,987 41,561,980 140,427,007 473,300 387,500 860,800 2034 186,817,797 41,561,980 145,255,817 489,500 400,900 890,400 2035 191,613,979 41,561,980 150,051,999 505,700 414,100 919,800 2036 196,426,476 41,561,980 154,864,496 521,900 427,400 949,300 2037 201,238,972 41,561,980 159,676,992 538,100 440,700 978,800 2038 203,947,020 41,561,980 162,385,040 547,300 448,100 995,400 2039 206,622,442 41,561,980 165,060,462 556,300 455,500 1,011,800 TOTAL $ 2,124,268,439 $ 7,159,000 $ 5,862,500 $ 13,021,500 Source. Florida Deportment of Revenue; Sebastian Community Redevelopment Agency, Indian River County Final2022 may not add due to rounding (1) Assumes 1994 base year of S34,959,870 and 2003 base year of $6,602110 (2) Tax Roll, GAI Consultants, Inc. Notes. Represents the high scenario. Totals Applies milloge rote of 3.5475 for the County and 2.9050 for the City. /11 96 8f 113835 IX SE.RASn FIOME OF PELICAN ISLAND SEBASTIAN CITY COUNCIL REGULAR MEETING AGENDA WEDNESDAY, JUNE 14, 2023 — 6:00 P.M. CITY COUNCIL CHAMBERS 1225 MAIN STREET, SEBASTIAN, FLORIDA Mayor Jones called the Regular City Council meeting to order at 6:00 p.m. 2. Reverend Alexis Talbott of the Sebastian United Methodist Church gave the invocation. 3. Vice Mayor Nunn led the Pledge of Allegiance. 4. ROLL CALL Mayor Fred Jones Vice Mayor Chris Nunn Council Member Kelly Dixon Council Member Ed Dodd Council Member Bob McPartlan Staff Present: Interim City Manager Brian Benton Interim City Attorney Andrew Mai City Clerk Jeanette Williams Community Development Manager Dorri Bosworth City Engineer/Public Works Director Karen Miller Administrative Services Director/CFO Ken Killgore Procurement/Contracts Manager Don Wixon Human Resources Director Cindy Watson Airport Manager Jeff Sabo Police Lt. Constantine Savvidis 5. AGENDA MODIFICATIONS There were no objections to the Interim City Manager's request to add I IA - Resolution No. R-23-11 — Approving a Collective Bargaining Agreement between the City of Sebastian and the International Union of Police Associations, AFL-CIO (IUPA) Local 6054 and Local 6056 and 12D — the emergency repair of four balconies on the south side of the City Hall building. 6. PROCLAMATIONS, AWARDS, BRIEF ANNOUNCEMENTS - None 106 of 138 Regular City Council Meeting June 14, 2023 Page 2 7. PUBLIC INPUT Karen Hiltz, Sebastian, said she was trying to understand why the City is involved in trash collection from a private contractor and asked what was next. Is the city going to dictate what pool and lawn service to use? She asked Council to reconsider the Waste Management contract and restore the public's right to choose. Terry Hughes, Heardon Street, asked Council to consider repairing the sidewalk on Schumann Drive between Englar and Pelican Island Place. He left pictures and a letter from a local pastor indicating the disrepair of the street. Annette Macking, Ellingsen Street, said she lives next to a hoarder and asked for the process to have a hoarder clean up their property. Mayor Jones asked her to give her contact information to the City Manager. Toni Ray distributed packets to each member on the dais and said she was putting them on notice that they are breaking their oath of office. She was escorted from the chamber by the Sergeant -at -Arms. Peter Highlandman said he was unhappy about the mandatory trash service that he must pay for whether he uses the service or not. He asked Council to reconsider. Mark Dietrich, Sebastian, said he thought it was unfair that everyone would be subsidizing everyone else that is getting their trash picked up. He said it should have been brought to the people. Wayne McRae asked whose idea was it to have a private company take money out of his checking account without his permission. He said he would like to see this decision on the ballot. Karen Jordan, Sebastian, said while the City did some things to alert the residents of the Waste Management increase but it wasn't enough time. She asked what else the residents need to know about. She said she is willing to pay double so those that don't use the service won't have to pay. Louise Kautenburg said she has lived in Sebastian for 28 years and thanked Council for doing a good job. She said she has never lived anywhere where the trash was free. John Baglio said the issue with the trash is whether Council has the authority to choose that service for the residents and should the residents have the choice whether they want the service. 6: 28 pm 8. CONSENT AGENDA A. Approval of Minutes — April 26, 2023 Projects Workshop B. Approval of Minutes — May 10, 2023 Regular City Council Meeting 107 of 138 Regular City Council Meeting June 14, 2023 Page 3 C. Approval of Minutes — May 17, 2023 Interim City Manager Special Meeting D. Approval of Minutes — May 24, 2023 Regular City Council Meeting E. Resolution R-23-14 — Subdivision Final Plat - Spirit of Sebastian PUD Pod 2 (Transmittal, R-23-14, Plat, Location Map, Cost Estimate, Letter, Application) A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, APPROVING THE FINAL PLAT FOR A SUBDIVISION KNOWN AS SPIRIT OF SEBASTIAN PUD — POD 2; PROVIDING FOR CONFLICTS; PROVIDING FOR SCRIVENER'S ERRORS; AND PROVIDING FOR AN EFFECTIVE DATE. F. Approve the Exempt Employees Benefit Package (Transmittal, Package) G. Approve the City Attorney Employment Agreement with Jennifer Cockcroft (Transmittal, Agreements) H. Approve a Three (3) Year Agreement between the City of Sebastian and the Indian River County School Board for Two (2) School Resources Officers, One (1) at Sebastian Elementary, and One (1) at Pelican Island Elementary with the Option of Renewing for Three (3) Additional Years Beginning (Transmittal, Agreement) I. Approve the Extension and Amendment #1 of the Ceres Environmental Services, Inc., Contract for Debris Removal and Disposal Services through July 8, 2024 (Transmittal, Exhibits) J. Approve the Extension and Amendment #2 of the Timothy Rose Contracting, Inc. Contract for Debris Removal and Disposal Services through July 8, 2024 (Transmittal, Exhibits) K. Approve Amendment #4 to the Neel -Schaffer, Inc., Disaster Debris Monitoring Contract to Comply with all of the Latest State and Federal Regulations (Transmittal, Exhibits) L. Approve Alcoholic Beverages for the Sebastian Fitness Christmas Party at the Community Center on Saturday, December 9th, 2023 from 7:00 p.m. to 11:00 p.m. — Permittee DOB Verified (Transmittal, Application, Receipt) Council Member Dodd asked to pull Item G; and Vice Mayor Nunn asked to pull Item E. MOTION by Council Member McPartlan and SECOND by Vice Mayor Nunn to approve consent agenda items A, B, C, D, F, H, I, J, K and L. Roll call: Vice Mayor Nunn - aye Council Member Dixon - aye 108 of 138 Regular City Council Meeting June 14, 2023 Page 4 Council Member Dodd - aye Council Member McPartlan - aye Mayor Jones - aye Motion carried. 5-0 Item E - Resolution R-23-14 — Subdivision Final Plat - Spirit of Sebastian PUD Pod 2 Vice Mayor Nunn said he would like the public to hear what is going on with the Spirit of Sebastian project and asked the applicant to give a little summary. Robert Votaw, said this was an application for a final plat of the first phase of pod two; the construction has been completed for over 90%; they has been friendly with the neighbors during construction and they would like to begin conveying lots. Council Member Dodd noted the community is consistent with the County's vision by including an agrihood and it will be a nice addition to the City. MOTION by Council Member McPartlan and SECOND by Vice Mayor Nunn to approve Resolution No. R-23-14 the final plat for Spirit of Sebastian PUD Pod 2. Roll call: Council Member Dixon - aye Council Member Dodd - aye Council Member McPartlan - aye Mayor Jones - aye Vice Mayor Nunn - aye Motion carried. 5-0 Item G - Citv Attorney Employment Agreement Council Member Dodd said item 10 (there will be a vehicle given) on page 65 and item 12 (there will be an allowance) on page 66 are contradictory. He suggested removing item 10. The Interim City Attorney said item 10 was intended for long trips. Council Member Dodd asked if it would be appropriate to reimburse the attorney outside of the 75 miles to pay for the mileage. The Interim City Attorney said they give her the option (to receive the mileage or use a City vehicle) but the intent is that the $350 is for less than 75 miles of travel. MOTION by Council Member Dodd and SECOND by Mayor Jones to approve the City Attorney Employment Agreement. Jennifer Cockcroft said she was concerned that if the options were removed she has a two-seater coop and wouldn't be able to take anyone with her for City purposes. There was no public comment. 109 of 138 Regular City Council Meeting June 14, 2023 Page 5 Roll call: Council Member Dodd - aye Council Member McPartlan - aye Mayor Jones - aye Vice Mayor Nunn - aye Council Member Dixon - nay Motion carried. 4-1 9. COMMITTEE REPORTS & APPOINTMENTS Council Member McPartlan said at the last Council Commission meeting they discussed raising the tourist tax to raise funds for beach restoration which should be noted that wouldn't be coming from residents but visitors. He said the Veterans Council meeting went very well. Council Member Dodd said the Metropolitan Planning Organization is moving forward with their 5 and 10 year plans. One of the big discussions was the safety of children walking to school in Vero Beach so they should plan to address Schumann Drive for the safety of the Pelican Island Elementary students. A. Parks and Recreation Advisory Committee (Transmittal, Applications, List, Advertisement) i. Fill Two Regular Member Positions — New Terms to Expire Mav 31, 2026 MOTION by Council Member Dodd and SECOND to elevate Vicki Drumheller to the regular member position and reappoint JoAnn Webster to her regular member position. Roll call: Council Member McPartlan - aye Mayor Jones - aye Vice Mayor Nunn - aye Council Member Dixon - aye Council Member Dodd - aye Motion carried. 5-0 ii. Fill One Alternate Member Position — New Term to Expire Mav 31, 2026 MOTION by Council Member Dodd to waive the advertising requirement for the vacant alternate member position and he nominated Robert Allen. The motion was SECONDED by Vice Mayor Nunn. Robert Allen introduced himself, letting Council know that he and his wife have moved back to Sebastian with their new daughter and he looked forward to being part of the community. 110 of 138 Regular City Council Meeting June 14, 2023 Page 6 B. Planning and Zoning Commission i. Fill One Regular Member Position — New Term to Expire May 1, 2026 Vice Mayor Nunn nominated Christopher Roberts. Council Member Dodd nominated Sherrie Matthews. She was invited to speak since she was not listed as a candidate on the transmittal. Sherrie Matthews said she was asked and decided to stay as an alternate to continue to learn, but was honored to be considered a regular member. There were no other nominations. Roll call: Vice Mayor Nunn - Sherrie Matthews Council Member Dixon - Sherrie Matthews Council Member Dodd - Sherrie Matthews Council Member McPartlan - Sherrie Matthews Mayor Jones - Sherrie Matthews Ms. Matthews was appointed to the regular member position. MOTION by Council Member Dodd and SECOND by Council Member Dixon to waive the advertising requirements for the now vacant alternate member position and he nominated Christopher Roberts. Roll call: Council Member Dixon - aye Council Member Dodd - aye Council Member McPartlan - aye Mayor Jones - aye Vice Mayor Nunn - aye Motion carried. 5-0 10. PUBLIC HEARINGS - None 11. UNFINISHED BUSINESS Added A. Resolution No. R-23-11 — Approving a Collective Bar2ainina Agreement to be Effective October 1, 2022 to September 30, 2025 between the City of Sebastian and the International Union of Police Associations, AFL-CIO (IUPA) Local 6054 and Local 6056 A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, DULY RATIFYING A THREE YEAR CONTRACT FOR ALL FULL- TIME AND PART-TIME GENERAL EMPLOYEES AND SUPERVISORS (EXCLUDING TEMPORARY AND SEASONAL EMPLOYEES) HOURLY EMPLOYEES BETWEEN THE INTERNATIONAL UNION OF POLICE ASSOCIATIONS, AFL-CIO (IUPA) LOCAL 6054 AND LOCAL 6056 AND THE CITY OF SEBASTIAN FOR THE PERIOD OCTOBER 1, 2022 THROUGH 111 of 138 Regular City Council Meeting June 14, 2023 Page 7 SEPTEMBER 30, 2025; AUTHORIZING THE CITY MANAGER TO NOTIFY ALL PARTIES OF THE CITY' S RATIFICATION AND CAUSE SAID THREE YEAR CONTRACT TO BE PUT INTO EFFECT; PROVIDING FOR REPEAL OF RESOLUTIONS OR PARTS OF RESOLUTIONS IN CONFLICT HEREWITH; PROVIDING FOR SEVERABILITY; PROVIDING FOR SCRIVENER'S ERRORS; AND PROVIDING FOR AN EFFECTIVE DATE. MOTION by Council Member Dodd and SECOND by Vice Mayor Nunn to approve Resolution No. R-23-11. There was no public input. Roll call: Council Member Dixon - aye Council Member Dodd - aye Council Member McPartlan - aye Mayor Jones - aye Vice Mayor Nunn - aye Motion carried. 5-0 12. NEW BUSINESS A. Resolution No. R-23-10 — Florida Department of Transportation Public Transportation Grant Ap-reement — Runway 05-23 Rehabilitation (Transmittal, Agreement. R-23-10) A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, AUTHORIZING THE CITY MANAGER TO EXECUTE A PUBLIC TRANSPORTATION GRANT AGREEMENT (PTGA) WITH THE FLORIDA DEPARTMENT OF TRANSPORTATION FOR FUNDING THE REHABILITATION COST OF FM451510-1-94-01 "RUNWAY 05-23 ASPHALT REHABILITATION WITH LIGHTING IMPROVEMENT" AT THE SEBASTIAN MUNICIPAL AIRPORT; PROVIDING FOR CONFLICT; PROVIDING FOR SEVERABILITY; PROVIDING FOR SCRIVENER'S ERRORS; AND PROVIDING FOR AN EFFECTIVE DATE. The Interim City Attorney read the title to Resolution No. R-23-10. The Airport Manager stated the resolution which would be accepting the FDOT portion of the grant for the property and the larger portion would be submitted to the FAA. Vice Mayor Nunn explained this total project is $3,170,910 but the FAA is covering 90% of the project with the remainder coming from the state and local discretionary sales tax which is really good. In response to Council Member McPartlan's question regarding if the City is receiving the fair market value for the airport properties, the Airport Manager said the City should be up to date based on the last master plan. Some of the individual leases will be individually appraised to make sure the City is receiving the fair market value. MOTION by Council Member McPartlan and SECOND by Vice Mayor Nunn to approve Resolution No. R-23-10. There was no public input. 112 of 138 Regular City Council Meeting June 14, 2023 Page 8 Roll call: Council Member Dixon - aye Council Member Dodd - aye Council Member McPartlan - aye Mayor Jones - aye Vice Mayor Nunn - aye Motion carried. 5-0 B. Resolution No. R-23-13 — Florida Department of Transportation Public Transportation Grant Agreement — Han2ar "D" Office Spaces Build Out (Transmittal, R-23-13, AL-reement) A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, AUTHORIZING THE CITY MANAGER TO EXECUTE A PUBLIC TRANSPORTATION GRANT AGREEMENT (PTGA) WITH THE FLORIDA DEPARTMENT OF TRANSPORTATION FOR FUNDING OF GRANT NUMBER FM449620-1-94-01 "HANGAR "D" OFFICE BUILD OUT" AT THE SEBASTIAN MUNICIPAL AIRPORT; PROVIDING FOR CONFLICT; PROVIDING FOR SEVERABILITY; PROVIDING FOR SCRIVENER'S ERRORS; AND PROVIDING FOR AN EFFECTIVE DATE. The City Attorney read the title to Resolution No. R-23-13. The Airport Manager explained that after a lengthy process, staff feels the building is in our hands and we are ready to select tenants to occupy the building. MOTION by Council Member McPartlan and SECOND by Vice Mayor Nunn to approve Resolution No. R-23-13. There was no public input. Roll call: Mayor Jones - aye Vice Mayor Nunn - aye Council Member Dixon - aye Council Member Dodd - aye Council Member McPartlan - aye Motion carried. 5-0 C. Florida League of Cities 97th Annual Conference Items (Transmittal, Information. Schedule) Council Member Dixon was nominated to represent Sebastian at the conference. Council Member Dodd noted she might get to vote for the new president of the league. MOTION by Vice Mayor Nunn and SECOND by Mayor Jones to move the August 9th Council meeting to August 8th Roll call: Vice Mayor Nunn - aye Council Member Dixon - aye Council Member Dodd - aye Council Member McPartlan - aye 113 of 138 Regular City Council Meeting June 14, 2023 Page 9 Mayor Jones - aye Motion carried. 5-0 Added D. Waive the Bidding Requirements to Repair Four Balconies on the South Side of City Hall The Interim City Manager said the balcony on the south side of City Hall has fallen and staff has identified three other hazard areas. He requested the bidding process be waived to remove the hazards. MOTION by Council Member Dodd and SECOND by Council Member McPartlan to move forward on this. Council Member McPartlan said he remembered that over a decade ago, the City Hall building and Police Department had a roof leak and he asked if this was possibly covered by insurance. The Interim City Attorney responded that he discussed that with the manager but that was due to improvements that happened over 15 years ago and if there is any potential for coverage he would bring it back to Council. Roll call: Council Member Dixon - aye Council Member Dodd - aye Council Member McPartlan - aye Mayor Jones - aye Vice Mayor Nunn - aye Motion carried. 5-0 13. CITY ATTORNEY MATTERS - None 14. CITY MANAGER MATTERS - None 15. CITY CLERK MATTERS - None 16. CITY COUNCIL MATTERS A. School Zone Speed Limits (Transmittal, Chapter Law 2023-174) Vice Mayor Nunn stated the state has authorized the enforcement of speed limits by camera within school zone and noted it is not an instant ticket; it comes in the mail later. He asked Council if they would be interested in putting cameras in school zones. Mayor Jones said he was in support of enforcing the speed limit in school zones but not with cameras; a greater deterrent would be the enforcement action. The Interim City Manager said he spoke to the Police Chief who met with a representative from a firm that handles the cameras. The firm would provide the cameras 114 of 138 Regular City Council Meeting June 14, 2023 Page 10 and resources for 40% of the City's $60 fee so roughly $24.00 per ticket would go to the firm. Vice Mayor Nunn asked if the volunteers that sit in front of the school on CR512 were charting the speeders. The Interim City Manager responded that was hard to measure because if someone does see a police car, they slow down. Council Member Dodd said he wasn't in favor of cameras at all. The only greater deterrent to slowing someone down is having the blue lights turned on. Mayor Jones said if they need to protect the children a police officer could be assigned to sit there. Council Member McPartlan said he would like to see more information on this item. The City only sees about three dollars per ticket right now and if someone contests the ticket, the City loses money. He would like to review further information because it is successful in other communities and it might be another tool in the tool box. B. Mayor Jones — None C. Vice Mayor Nunn — None D. Council Member Dixon — None E. Council Member Dodd Council Member Dodd said there is so much misconception about this trash situation and asked people to think about it from a different perspective. The City is taking on the responsibility to do trash collection and have chosen to subcontract that to Waste Management. That contract can be terminated in a very short time if the City feels it's in our advantage to do that. Council has the right to make that decision because it is a public safety issue and frankly he asked why don't go to subscription for street repairs. If you aren't a subscription payer, the City won't fix your street. He said back in college, he took a class regarding "social overhead capital" which are services that governments should do and getting rid of solid waste is a social overhead capital issue because trash shouldn't be allowed to build up around one's house. . He said economically over 65% of the residents are active subscribers. Those who are delinquent are just currently delinquent; they might not have been constantly delinquent. If they go to referendum, it will be a majority vote to go with universal system. The City has only raised their cost five dollars a month, if they stayed with subscription it would have been $30 a month for 70% of the residents. 115 of 138 Regular City Council Meeting June 14, 2023 Page 11 As a City, they are responsible to make decisions for all residents. This Council made their best decision given the facts for this decision and they had every right to make that decision. He said the City Manager has some good ideas on how to get more information out on this. Council Member Dodd concluded his matters stating the Schumann sidewalk is an important safety issue; as well as Fleming Street coming onto Main Street. F. Council Member McPartlan Council Member McPartlan said seniors are struggling and there is a program through AARP that gives people 55 years and older the ability to work 18 hours a week at $10.00 an hour that might help with their income. He suggested the City might want to hire some of these older workers. He also asked Council to consider being a second chance employer to allow those that made a wrong decision to re-enter the workforce by working on the stormwater crew or at the Public Works Compound. He said in return for a job with benefits, the City would receive loyalty from these individuals. He concluded his matters talking about the book provided to them by the Clerk's office with all of the buildable, open lots in the City. He suggested having the lots available to City employees through the Habitat for Humanity program, then Sebastian residents and then Indian River County residents. There could be a stipulation that if they sell the home, the family would pay the City back for the lot. 17. Being no further business, Mayor Jones adjourned the Regular City Council Meeting at 7:24 p.m. Approved at the June 28, 2023 Regular City Council Meeting Mayor Fred Jones ATTEST: Jeanette Williams, City Clerk 116 of 138 un n Em�� HOME OF PELICAN ISLAND CITY COUNCIL AGENDA TRANSMITTAL Council Meeting Date: June 28, 2023 Agenda Item Title: Approval of new Ground Lessor Estoppel and Agreement for Sheltair, and authorize the City Manager to execute the related documents. Recommendation: Staff recommends City Council approval of a new Ground Lessor Estoppel and Agreement for Sheltair, Tenant and operator of T-Hangars at Sebastian Municipal Airport, and authorize the City Manager to execute related documents. Background: As it has in the past (2013), Sheltair is in the process of doing an Amendment and Extension to its current financial credit facility. This requires Sheltair to obtain a routine and straightforward 'Estoppel Agreement from each airport where Sheltair has a current lease in effect. By definition, an estoppel certificate is "[a] signed statement by a party (such as a tenant or mortgagee) certifying for anther's benefit that certain facts are correct, as that a lease exists, that there are no defaults, and that rent is paid to a certain date. A parry's delivery of this statement estops that party from later claiming a different state of facts." Black's Law Dictionary, 572 (7th Ed., 1999). Please find attached the Ground Lessor Estoppel and Agreement that Sheltair is requesting the City of Sebastian to approve and return. This Agenda Item Does Not Reauire the Exnenditure of Funds No expenditure -required. Attachments: 1. - Exhibit A: Ground Lessor Estoppel and Agreement Administrative Services Departure Review: -/ (; LJ l 40, City Attorney Review: Procurement Division Review, if applicable: City Manager Authorization: Date: 6%aA 013 117 of 138 GROUND LESSOR ESTOPPEL AND AGREEMENT WHEREAS, CITY OF SEBASTIAN, a municipal corporation existing under the laws of the State of Florida (hereinafter "Landlord"), or its predecessor in interest, has heretofore leased certain lands described on Exhibit A attached hereto (hereinafter the "Premises") to SHELTAIR SEBASTIAN, LLC a Florida limited liability company (hereinafter "Tenant"), or its predecessor in interest, pursuant to an agreement of lease, as more particularly described on Exhibit B, (as same may have been amended, modified, substituted or extended, hereinafter the "Lease")• WHEREAS, Tenant and certain other affiliates of Borrower, as co -borrowers or guarantors (collectively, "Loan Parties") entered into a Credit Agreement among Borrower, the Loan Parties, SunTrust Bank n/k/a Truist Bank, as Administrative Agent and Collateral Agent (together with it successors and assigns, the "Administrative Arent"), and Issuing Bank, and the Lenders from time to time party thereto (as the same may be amended, restated, supplemented or otherwise modified from time to time, the "Original Credit Agreement' ; and WHEREAS, the Loan Parties and Administrative Agent thereafter amended and restated the Original Credit Agreement in the Second Amended and Restated Credit Agreement; and WHEREAS, the Loan Parties and Administrative Agent desire to enter into the Third Amended and Restated Credit Agreement; capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Third Amended and Restated Credit Agreement). As security for the Obligations under the Third Amended and Restated Credit Agreement and the other Loan Documents, Tenant intends to execute a first leasehold mortgage for the benefit of Administrative Agent upon Tenant's interest as tenant under the Lease in the Premises (the "Leasehold Mortaaae"); and WHEREAS, the Administrative Agent and the Lenders are unwilling to enter into the Third Amended and Restated Credit Agreement unless Landlord reaffirms to Administrative Agent that the provisions of the Lease respecting leasehold mortgages are restated and confirmed for Administrative Agent's benefit and certain additional agreements are made with Administrative Agent with respect to Administrative Agent's rights as the holder of the Leasehold Mortgage; NOW THEREFORE, in consideration of ten dollars ($10.00) and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, Landlord hereby certifies to and agrees with Administrative Agent as follows: 1. Upon the recording of the Leasehold Mortgage, Landlord hereby recognizes Administrative Agent as a "Mortgagee" as defined in Article XVIII of the Lease, for A purposes under the Lease. Landlord hereby consents to the granting by Tenant of a mortgage on Tenant's interest pursuant to the Lease to Administrative Agent. 2. All of the mortgagee protection provisions contained in the Lease, including but not limited to Article XVIII, and all other provisions inuring to the benefit of CHAR1\13094990 118 of 138 mortgagees or their successors and assigns contained in the Lease, are hereby incorporated into this agreement by reference and restated and confirmed by Landlord for the benefit of Administrative Agent, its successors and assigns. Landlord confirms that pursuant to the provisions contained in Article I, Section 1.4 of the Lease that Landlord is not permitted, in the absence of an uncured default of Tenant under the Lease, to disturb the possession, interest or quiet enjoyment of Tenant or any subtenant of the Tenant, or in any manner, which would adversely affect the security provided in the Leasehold Mortgage. 3. Landlord hereby agrees that the Lease shall not be modified, terminated, amended, altered or cancelled, nor shall a surrender of the Premises be accepted by Landlord, without the prior written consent of Administrative Agent, and that any such action taken without Administrative Agent's consent shall not be binding on Tenant or Administrative Agent. 4. Landlord hereby confirms that, pursuant to Article XVIII, Section 18.3 of the Lease, in the event that the Lease is terminated for any reason including, without limitation, as a result of a rejection of the Lease in a bankruptcy proceeding, upon Administrative Agent's written request, Landlord shall enter into a new ground lease with Administrative Agent and such new ground lease shall be upon the same terms and conditions of the unexpired term of the Lease immediately prior to such termination. 5. Landlord hereby confirms with respect to the new ground lease referred to in Article XVIH, Section 18.3 of the Lease that, should Administrative Agent become the tenant under a new lease: (a) title to all improvements now owned by Tenant, if any, situate on the Premises shall automatically vest in Administrative Agent pursuant to Article XVM, Section 18.3 of the Lease; and (b) Landlord shall promptly assign to Administrative Agent all space leases and subleases under which the tenants have attorned, with the consent of Administrative Agent pursuant to Article XVM, Section 18.3 of the Lease, to Landlord. 6. Landlord hereby covenants and agrees that the Leasehold Mortgage shall not be subject or subordinate to any mortgage encumbering the fee estate of the Premises. 7. Landlord hereby confirms the provisions of Article XVIII, Section 18.1 of the Lease to the effect that Landlord shall deliver to Administrative Agent written notice of any default by Tenant under the Lease simultaneously with sending such notice to Tenant and that no notice of default given to Tenant, and no exercise of any remedy by Landlord as a result of any such default, shall be effective unless such notice shall have been delivered to Administrative Agent. Landlord hereby further confirms the provisions of Article XVIII, Section 18.2 of the Lease to the effect that Administrative Agent shall have the right, but not the obligation, to cure any default by Tenant under the Lease and Administrative Agent shall be afforded (a) 30 days to cure any such default or (b) in the event that any such default cannot, with reasonable diligence, be cured within 30 days, such longer period as may be required to complete such cure including, without limitation, such time as may be required for Administrative Agent to gain possession of Tenant's interest under the Lease, provided that Administrative Agent notifies Landlord of its 119 of 138 intention to cure such default and Administrative Agent promptly commences and diligently pursues such cure to completion. 8. Landlord hereby confirms that Tenant does not have the right to assign or sublet Tenant's interest under the Lease to Administrative Agent, its successor or assign without the consent of Landlord, and in the event Tenant's interest under the Lease is so assigned or sublet to Administrative Agent, its successor or assign (as applicable, the "Assignee"), such Assignee shall not have the right to further assign or sublet the Tenant's interest in the Lease without the need to obtain the consent of Landlord. 9. Landlord hereby covenants and agrees that Administrative Agent shall be entitled to participate in any settlement regarding insurance or condemnation proceeds or awards, to collect and hold any such proceeds or awards and to determine and direct whether any such proceeds or awards are made available for the restoration of the Premises or are applied to the repayment of the Obligations under the Third Amended and Restated Credit Agreement and the other Loan Documents. 10. Landlord hereby confirms the provisions of Article XVIII, Section 18.3 to the effect that Administrative Agent shall have the right, pursuant to the terms of the Lease, to exercise any option to renew the term of the Lease or any option to purchase the Premises, if the Tenant shall fail to exercise any option to so extend or purchase. 11. Landlord hereby certifies as follows: (a) Landlord is the owner of the fee simple estate in the Premises and is the landlord under the Lease. (b) Tenant is the owner of the leasehold estate in the Premises and is the tenant under the Lease. (c) The Lease is in full force and effect in accordance with its terms and has not been further assigned, supplemented, modified or otherwise amended except as set forth in Exhibit B attached hereto and each of the obligations on Landlord's part to be performed to date under the Lease have been performed. (d) To the best of Landlord's knowledge, each of the obligations on Tenant's part to be performed to date under the Lease have been performed. (e) To the best of Landlord's knowledge, Borrower has no offsets, counterclaims, defenses, deductions or credits whatsoever with respect to the Lease. (f) Except as set forth in Exhibit B attached hereto, there do not exist any other agreements (including Subordination, Non -Disturbance and Attornment Agreements) concerning the Premises, whether oral or written between Landlord and Tenant (or their respective predecessors or successors) under the Lease. (g) As of the date hereof, no basic rent or additional rent is due from Tenant under the Lease. The basic rent currently payable by Tenant under the Lease is 120 of 138 $ q9 16 35. 00 per annum. Basic rent due under the Lease has been paid through May 31, 2023. (h) The term commencement date of the Lease was January 1, 2004, and the initial term/current extension term of the lease shall expire on December 31, 2033. (i) Neither Landlord nor Tenant has assigned the Lease. 6) Landlord has not assigned, conveyed, transferred, sold, encumbered or mortgaged its interest in the Lease or the Premises and there are currently no mortgages, deeds of trust or other security interests encumbering Landlord's fee interest in the Premises and no third parry has an option or preferential right to purchase all or any part of the Premises. (k) Landlord has not received written notice of any pending eminent domain proceedings or other governmental actions or any judicial actions of any kind against the Landlord's interest in the Premises. (1) Landlord has not received written notice that it is in violation of any governmental law or regulation applicable to its interest in the Premises and its operation thereon, including, without limitation, any environmental laws or the Americans with Disabilities Act, and has no reason to believe that there are grounds for any claim or such violation. (m) The Lease attached hereto is a true, correct and complete copy thereof. 12. Notices. All notices, demands, requests or other communications to be sent by one party to the other hereunder or required by law shall be in writing and shall be deemed to have been validly given or served by delivery of the same in person to the intended addressee, or by depositing the same with Federal Express or another reputable private courier service for next business day delivery, or by depositing the same in the United States mail, postage prepaid, registered or certified mail, return receipt requested, in any event addressed to the intended addressee at its address set forth on the first page hereof and, if addressed to Administrative Agent, to Truist Bank, Agency Services, 303 Peachtree Street, 251' Floor, Atlanta, Georgia 32308, and if addressed to Landlord, to City of Sebastian, Attention: City Manager, 1225 Main Street, Sebastian, Florida 32958, or at such other address as may be designated by such party as herein provided. All notices, demands and requests shall be effective upon such personal delivery, or one (1) business day after being deposited with the private courier service, or two (2) business days after being deposited in the United States mail as required above. By giving to the other party hereto at least fifteen (15) days' prior written notice thereof in accordance with the provisions hereof, the parties hereto shall have the right from time to time to change their respective addresses and each shall have the right to specify as its address any other address within the United States of America. This Estoppel and Agreement and the representations and agreements made herein are given with the understanding that this Estoppel and Agreement constitutes a material inducement for Administrative Agent and the Lenders to enter into the Third Amended and Restated Credit Agreement and that Administrative Agent and the Lenders shall rely hereon in entering into the Third Amended and Restated Credit Agreement. This Estoppel and Agreement and the representations and agreements made herein shall inure to the benefit of Administrative 121 of 138 Agent, its successors and assigns and shall be binding on Landlord, its heirs, legal representatives, successors and assigns. This Estoppel and Agreement may be executed in any number of counterparts, each of which shall be effective only upon delivery and thereafter shall be deemed an original, and all of which shall be taken to be one and the same instrument, for the same effect as if all parties hereto had signed the same signature page. Any signature page of this Estoppel and Agreement may be detached from any counterpart of this Estoppel and Agreement without impairing the legal effect of any signatures thereon and may be attached to another counterpart of this Estoppel and Agreement identical in form hereto but having attached to it one or more additional signature pages. Executed this day of , 2023. ATTEST Printed Name: Approved as to Form and Legality for Reliance by the City of Sebastian only: Printed Name: LANDLORD: CITY OF SEBASTIAN A Municipal Corporation Printed Name: TENANT: SHELTAIR SEBASTIAN, LLC By: Todd Anderson, Chief Operating Officer 122 of 138 EXHIBIT A A PARCEL LAND LYING AND BEING IN THE COUNTY OF INDIAN RIVER, STATE OF FLORIDA, BEING A PORTION OF THE FLEMING GRANT IN TOWNSHIP 31 SOUTH, RANGE 38 EAST, TALLAHASSEE MERIDIAN, FLORIDA, AS SHOWN ON THE SUBDIVISION PLAT OF SAID GRANT RECORDED AT PAGES 72 AND 73 IN PLAT BOOK NO. 1 IN THE PUBLIC RECORDS OF THE COUNTY OF BREVARD, STATE OF FLORIDA; SAID LAND NOW LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A 4"x4" CONCRETE MONUMENT (NO IDENTIFICATION) AT THE WESTERLY CORNER OF SECTION 29, OF SAID FLEMING GRANT, RUN SOUTH 44030'44" EAST ALONG THE SOUTHWESTERLY LINE OF SAID SECTION 29 A DISTANCE OF 1,650.30 FEET TO THE EAST LINE OF A 60.00 FOOT WIDE ACCESS EASEMENT, SAID ACCESS EASEMENT BEING 30.00 FEET EACH SIDE OF THE CENTERLINE OF THE SOUTHERLY EXTENSION OF AIRPORT DRIVE WEST AS DEPICTED ON THE. SKETCH OF INFORMATION PREPARED BY MASTELLER, MOLER AND REED, FOR THE CITY OF SEBASTIAN - SEBASTIAN MUNICIPAL AIRPORT, PROJECT NUMBER 95-4277, DATED SEPTEMBER, 2000; THENCE CONTINUE SOUTH 44030'44" EAST ALONG SAID SECTION LINE A DISTANCE OF 11.88 FEET; THENCE RUN NORTH 00007' 19" WEST A DISTANCE OF 44.09 FEET TO THE POINT OF BEGINNING; FROM SAID POINT OF BEGINNING RUN NORTH 03056'24" WEST A DISTANCE OF 56.23 FEET; THENCE RUN NORTH 40030'21" EAST A DISTANCE OF 13.96 FEET; THENCE RUN NORTH 00007'19" WEST A DISTANCE OF 121.09 FEET; THENCE RUN SOUTH 89052'41" WEST A DISTANCE OF 13.65 FEET; THENCE RUN NORTH 00007' 19" WEST A DISTANCE 25.00 FEET; THENCE RUN NORTH 89052'41" EAST A DISTANCE OF 13.65 FEET; THENCE RUN NORTH 00007' 19" WEST A DISTANCE OF 209.89 FEET; THENCE RUN NORTH 90000'00" EAST A DISTANCE OF 50.00 FEET; THENCE RUN SOUTH 0000719" EAST A DISTANCE OF 50.00 FEET; 123 of 138 THENCE RUN NORTH 90000'00" EAST A DISTANCE OF 475.21 FEET; THENCE RUN SOUTH 00006'36" EAST A DISTANCE OF 348.91 FEET; THENCE RUN NORTH 90000'00" WEST A DISTANCE OF 179.07 FEET; THENCE RUN SOUTH 00000'00" EAST A DISTANCE OF 85.99 FEET; THENCE RUN NORTH 88005'45" WEST A DISTANCE OF 120.33 FEET; THENCE RUN NORTH 67023'12" WEST A DISTANCE OF 116.61 FEET; THENCE RUN NORTH 8304855" WEST A DISTANCE OF 124.17 FEET TO A POINT OF BEGINNING. SAID LANDS LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA. CONTAINING 206,677.36 SQUARE FEET, OR 4.74 ACRES MORE OR LESS 124 of 138 cma HOME OF PELICAN ISLAND CITY COUNCIL AGENDA TRANSMITTAL Council Meeting Date: June 28, 2023 ,Agenda Item 11 le: Five Year Fuel Contract Extension Recommendation: Approve the five (5) year fuel contract extension with Glover Oil based on piggyback pricing from the City of Port St. Lucie far the period from 01 July 2023 through 01 July 2028. Background: The current fuel contract with Glover Oil Company is due to expire July 1, 2023. Glover Oil Company has agreed to allow the City of Sebastian to piggyback the prices from the City of Port St. Lucie contract extension for a period from 01 July 2023 through 01 July 2028. Based on current pricing, the cost of unleaded gasoline is approximately $2.92 per gallon, diesel at $3.10 and off - road diesel at $2.75 after delivery. The fuel prices will fluctuate with the market but built in delivery prices will remain at the contracted price of 0.1125 per gallon with a 500 gallon minimum load. There is no minimum for the off road diesel. The City is expected to benefit from this agreement by continuing to have an established fuel supplier. With no substantial increases resulting from hurricanes, or other emergencies, normal purchases are expected to be within budget amounts and within the purchasing thresholds specified in Section 2-10 (b) of the City Code. If Agenda Item[ Reauires Exuenditure of Funds: Budgeted Amount: Dependent on actual usage Total Cost: Dependent on actual usage Funds to BeUtt ized for Appropriation: General Fund, Stoumwater and Enterprise Funds Attachments: 1. City of Sebastian Letter of Intent to Piggyback 2. Port St. Lucie Amendment #2 Extension Forms 3. Piggyback Approval Letter from Glover Oil Company Administrative -Services Departm t Review.' 1 'lam 1 r City Attorney Review: Procurement Division Review, if applicable: r City Manager Authorization: Date: 6�adlao a 3 125 of 138 ATTACHMENT 1 June 20, 2023 Ken Marshall, Vice President/Owner Glover Oil Company, Incorporated 3109 S. Main Street Melbourne, Fforida 32901 MCC �EBAST � HOME OF PELICAN ISLAND Administrative Services — Procurement Division 1225 Main Street — Sebastian, Florida 32958 SUBJECT: Notice of Intent to Piggyback City of Port St. Lucie Contract #20180128 — Amendment #2, Diesel, Gasoline, Heating and Emergency Generator Fuel Mr. Marshall: The City of Sebastian would like to piggyback the above referenced Contract in accordance with the City's Ordinance Section 2-10 (c)(2). Acceptance of piggybacking guarantees the same pricing and contract terms will be honored for the purchase of Gasoline, Heating and Emergency Generator Fuel made while the City of Port St. Lucie contract is active; this includes any contract extensions or renewals. Per the contract amendment the current City of Port St. Lucie contract will expire on July 1, 2023 with an option to be extended up to five (5) additional years; therefore, the new contract period will expire on July 1, 2028. Please return the signed Notice of Intent to Piggyback and an updated Certificate of Insurance, naming the City of Sebastian as additionally insured, to the City of Sebastian by via email to dwixon@cityofsebastian.org by Wednesday, June 21, 2023. Should you have any questions, please contact Don Wixon, Procurement/Contracts Manager, at (772) 388-8231, Cell: (772) 696-0117, or dwixon(@citvofsebastian.oro. We value your association with the City of Sebastian. Sincerely, �,�' An -yY axon Don Wixon, ProcurementlContracts Manager Check one: EYes Glover Oil Company WILL honor pricing and contract terms submitted in reference to the City of Port St, Lucie Contract #20180128 — Amendment #2, Diesel, Gasoline, Heating and Emergency Generator Fuel. ❑No Glover Oil Company WILL NOT honor pricing and contract terms submitted in reference to City of Port St. Lucie Contract #20180128 — Amendment #2, Diesel, Gasoline, Heating and Emergency Generator Fuel i((er� Marshal , Vice President/Owner Date 126 of 138 ATTACHMENT 2 DATE: April 3, 2023 TO: FROM: SUBJECT: MEMORANDUM ****ORIGINAL**** CITY CLERK Shelby Dolan Procurement Management Department Record Retention CONTRACT: CONTRACT TITLE: VENDOR NAME: VENDOR ADDRESS CITY & STATE: #20180128 - Amendment #2 Diesel, Gasoline, Heating and Emergency Generator Fuel Glover Oil Company 3109 South Main Street Melbourne, FL 32901 APPROVED BY COUNCIL: June 25, 2018 7c)- GLOVER OIL COMPANY & PALMDALE OIL COMPANY, DIESEL, GASOLINE, HEATING AND EMERGENCY GENERATOR FUEL, #20180128, FUNDING APPROPRIATED FOR UNIT PRICES PLUS A ONE-TIME $10 INDEMNIFICATION FEE, CONTRACT PERIOD IS 5 YEARS WITH AN OPTION TO RENEW FOR AN ADDITIONAL 5 YEAR PERIOD, FINANCE DEPARTMENT, PROCUREMENT MANAGEMENT AMENDMENT #2- Extends the contract for an additional 5-year term. Please see the attached for ( I) original contract for your records. 127 of 138 -Aa- Contract #20180128 �4pR7ST i eG +- r oRVA ACflyhrA9A4a" CONTRACT AMENDMENT This amendment by and between the Contractor and the City as defined below shall be effective as of the date this Amendment is fully executed. Contractor's Full Legal Glover Oil Company Name: Solicitation No./Event ID: 20180128 Solicitation Title/Event Diesel, Gasoline, Heating and Emergency Generator Fuel Name: (Fuel Co-op) Contract Award Date: June 25, 2018 Initial Current Contract Term: July 01, 2018 Current Contract Expiration July 01, 2023 Date: Requested Contract July 01, 2028 Expiration Date: Initial Contract Amount: Unit Price Contract Current Contract Amended NIA Amount: Requested Financial Change N/A Amount: New Contract Amount: NIA Amendment No.: 2 Amendment Type: Renewal WHEREAS, the Contract is in effect through the Current Contract Term as defined above; and NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties do hereby agree as follows: Page 1 of 5 Amendmentsof 138 Contract #20180128 1. CONTRACT RENEWAL. The parties hereby agree that the contract will be extended for an additional period of time as follows: a) Contract Tenn: July 01, 2023 through July 01, 2028. b) The parties agree the contract will expire at midnight in the date defined at the "End Date of the New Contract Term" unless the parties agree to extend the contract for an additional period of time. 2. COMPENSATION. All prices shall be firm for the term of this contract. Fuel costs to be paid by the City to the Contractor will be determined based on the daily DTN FastRacks rack averages for Orlando Padd 1 Report, plus or minus a firm fixed price increment for the contract period as indicated in the Pricing Sheet below. Averages are posted in the DTN FastRacks report distributed each morning. Biodlesel costs will use the above plus the published Monday price for soybean oil In the Tuesday edition of the Wail Street Journal and diesel fuel FastRack Averages based on the blodiesel blend. Price will be in effect on the published date through the next published date. Customer facilities, located in each county will use the same Markups. Markup for Fuel shall be based on a price per gallon basis. Prices and the fixed price increment must be shown on all invoices. Fuel costs shall exclude any taxes and/or fees that the Customer is exempt from paying. All Fuel costs will include the DTN FastRacks rack averages, the Contractor's Markup and all applicable taxes and/or petroleum associated fees allowed. The Contractor shall delete applicable taxes prior to Issuing any invoices. 405-220-920-7000 - - '-- - Premium Unleaded 1 87.0 500 Gallon Minimum Delivery 405-220-920-7500 " Premium Unleaded 3 87.0 Tankwagon Delivery - No Minimum - 0.1125 405-120-270-0020 - Diesel #2, Ultra 5 Low Sulfur - Red Dye No Minimum Deliveryry i(+) 0.1125 405-120-270-0010 Diesel #2, Ultra 7 Low Sulfur - Red Dye 500 Gallon Minimum Deliver( . (+) 0.1125 405-120-350-1000 Pleating Fuel, Grade No.1 8 Tank Wagon Delivery - Minimum Delivery 500 Gallons Rack Averape Page 2 of 5 Amendmenf#2of 138 Contract #20180128 405-120-350-1100 Heating Fuel, Grade No.1 9 Transport Delivery - Minimum Delivery 7,200 Gallons Rack Average 405-120-350-2000 Heating Fuel, Grade No. 2 10 Tank Wagon Delivery - Minimum Delivery 500 Gallons (+j:0.1125. 405-1204350-2200 - Heating Fuel, Grade No. 2 11 Transport Delivery - Minimum Delivery 7,200 Gallons- Q,03gg: 405-120-350-2300 Heating Fuel, 12 Grade No. 2 Low Sulfur Tank Wagon Del ry Heating Fuel, Grade No. 2 Low 13 Sulfur Transport Delivery - Minimum Delivery 7 2 Gallons 4- 0-920-9000 f+).0.0399. Premium Unleaded 14 92.0 500 Gallon Minimum Deliver�(( (+10.1126 . 405-220-920-= 15 Premium Unleaded 92.0 Tran 405-220-920-Ii00 + 0.0375 �, _. ... Premium Unleaded 16 92.0 Tankwagon Delivery - No Minimum J+J OA II25 405-220-920-7100 Premium Unleaded 17 89.0 500 Gallon Mlnlmurn M 0.1125 405-220-920-7800 18 Premium Unleaded 89.0 TranwQrt Delivery (+).0.0375 405-220-920- 7600 Premium Unleaded 19 89.0 Tankwagon Delivery - No Minimum (+) 0.1125 Page 3 of 5 Amendmenti#2 of 138 Contract #20180128 405-120-260-1020 Diesel #2, Ultra 20 Low Sulfur No Minimum Delivery (+) 0.1125 405-126-260-1000 Diesel #2, Ultra 21 Low Sulfur 500 Gallon Minimum Delivery (+) 0.1125 3. SUCCESSORS AND ASSIGNS. This Amendment shall be binding upon and inure to the benefit of the successors and permitted assigns of the parties hereto. 4. ENTIRE AGREEMENT. Except as expressly modified by this Amendment, the contract small be and remain in full force and effect in accordance with its terms and shall constitute the legal, valid, b�nding and enforceable obligations to the parties. This Amendment and the contract (including any vrritten amendments thereto), collectively, are the complete agreement of the parties and supersede any prior agreements or representations, whether oral or written, with respect thereto. IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed by their authorized representatives. CONTRACTOR Contractor's Full Legal Name: Glover Oil Company (PLEASE TYPE OR PRINT) Authorized Signature: Printed Name and Title of Person Signing: Date: 3,3%DoZ S Company Address: 3109 South Main Street, Melbourne, FL 32901 THE CITY OF PORT ST. LUCIE Authorized Signature: Printed Name and Title of Person Caroline Sturgis, Director, Office of Management & Si ng ing: Budget, and Procurement Date: y%ci/�ja 3 City Address: 121 S.W. Port St. Lucie Blvd., Port St. Lucie, FL 34984 Page 4 of 5 Amendmentl#?of 138 ATTACHMENT 3 Glover Oil Company, Inc. Fuels. Lubricants & Bio-Fuels 3109 S. Main Street • Melbourne, FL 32901 •4321) 723-3953 • Fax 1321) 727-2309, www.gloveroll.com To: Don Wixon City Of Sebastian Procurement/Contracts Manager From: Ken Marshall Subject: St. Lucie Fuel Contract Piggyback Agreement Date: 6/19/2023 Dear Mr. Wixon, This letter is to confirm that Glover Oil Company Inc. agrees to allow the City of Sebastian to continue to piggyback off of the City of Port St. Lucie Bulk Fuel contract extension, number #20180128, in accordance with the same terms, conditions, and pricing as stated in said contract. Thank you for the opportunity to continue doing business with your organization. Sincerely, 110 Ken Marshall Vice President/Owner Glover Oil Company Inc. 321-723-3953 132 of 138 M 0f SE8MT�V HOME OF PELICAN ISLAND CITY COUNCIL AGENDA TRANSMITTAL Council Meeting Date: June 28, 2023 AHenda Item Title: Alcohol Beverage Approval Recommendation: Approve alcoholic beverages for the Sussman Baby Shower at the Community Center. Back,around: Jaden Sussman is seeking Council approval to serve alcoholic beverages at the Community Center on Saturday, September 30th, 2023 from 12:00pm to 6:00pm. Staff has verified applicant's date of birth. They are expecting 65 or less attendees. If Agenda Item Reauires Expenditure of Funds: Budgeted Amount: Total Cost: Funds to Be Utilized for Appropriation: Attachments: 1. Rental Permit Application 2. Payment Receipt Administrative Services Department Review: City Attorney Review: Procurement Division Review, if'applicable: r City Manager Authorization: JE, A/ Date: b A �/ o) d a NIA NIA NIA 133 of 138 orro MW "ME OF PHJCAN iSlhhr CITY OF SEBASTIAN FACILITY RENTAL PERMIT APPLICATION 1223 NWn Wroat Sabmstil^ FL MS01 P+rka Phone- (7721 224-70S4 F^X: (MI 383-GI.Cq 'FarsaLrfVenrypruFoiirQW 13kasedid272.4710 40 Date: ? Community Center IWmo of perrrllttra (perrrCts rtt=y only be iUuad to an adult) ova / 1-il law' Physrca dross- - Ao C� cily - swe on for Rental - lype of Furrctfon ❑ Yacht Club Narno of Organization Iif appliccaboo) Malling Address elf differnntj zip - PhDrW >E-✓til � v r' Anticipated Number at �lttondM jif morn than 75 stbondess. police rptarrksa tiro t ulrrid by R-7 -1 5l Requested Dates - Tlma: From _ io; - Please ansv"er the f allow ng yes or no: 11 ke you a res4ernt of Set4stian? XW 2) 11 J more be an admission charge or door charge? a� 3) WjH a�wholic beverages to served? If yes, Please ptoVnde goof issued IC proof of age 2D ;Z } Da a Of 941 Verified by I, the undersigned. Wknowle4go that r ace the apOicant or authorized aganl of We abcvo re ncad organization, that I am aware of the prov,mns of Vv Clty of Sebastian Codes and Rasolunons in resgx:ct to to s application and use of City Facilites for whGh 1 have applied and agree to ao4le by all rules and regWations set out for use Of C l hxWlltles. I unders:ano that the $250.00 security deposit will bye refunded d the building :s left clean and undamaged, hcwever. immure to clean trin racl,-t,e6 Irnmedately after the use, or causing any damarp to the Faclity will result in forfeiture, in part or Fun. of the securf.-y deposii );,-atureofAppiscam L2021 134 of 138 CITY OF SEBASTIAN LEISURE SERVICES RECEIPT s ^I fvr Name ��rt U Cash f�� Date I p l :j Check # p �'j'J r?Z c,)4 �. ccn �' r 6� -ek- C edit 2652 Amount Paid 001001 208001 Sales Tax c% Q 001001 220000 Security Deposit 001501 362100 Taxable Rent 001501 362150 Non -Taxable Rent 001501 342100 Police Security Services 001501 366150 Brick Pavers 001501 366000 Memorial Benches 001501 369400 Reimbursement Services Pr LL .1-V t-WL, r Zjro,cw z40- 0° e rg ki4y qa a i 1) t ri f A'A rrt -65 z5her /b /`.z3 Total Paid Initials White - Deat. of Oriain • Yellow - Admin. Svcs. - Pink - Awlicant 135 of 138 an Of SEBASTIAN HOME OF PELICAN ISLAND CITY COUNCIL AGENDA TRANSMITTAL Council Meetine Date: June 28, 2023 Agenda Item Title: Alcohol Beverage Approval Recommendation: Approve alcoholic beverages for the Richards Family Birthday Party at the Sebastian Yacht Club. Background: Susann Richards is seeking Council approval to serve alcoholic beverages at the Sebastian Yacht Club on Friday, November 3rd, 2023 from 4:00pm to 10:00pm. Staff has verified applicant's date of birth. They are expecting 40 or less attendees. If Agenda Item Requires Expenditure of Funds: Budgeted Amount: Total Cost: Funds to Be Utilized for Appropriation: Attachments: 1. Rental Permit Application 2. Payment Receipt Administrative Services Department Review City Attorney Review: Procurement Division Review, if applicable City Manager Authorization: Date: 04ao a 3 NIA NIA NIA 136 of 138 on CF SEBASTIAN HOME OF PELICAN ISLAND CITY OF SEBASTIAN FACILITY RENTAL PERMIT APPLICATION 1225 Main Street Sebastian, FL 32958 Parks Phone: (772) 228-7054 FAX: (772) 388-8249 For emergency purposes 01AY, please dial772.473.0454* Date: ❑ Community Center I Yacht Club SCck-1n R, h�ar�� Name of Permittee (permits may only be issued to an adult) Name of Organization (if applicable) Physical Address ` Mailing Address (if different) 3 kU C-6 n ip �, 1� r t J-� Z City State Zip Phone E-Mail CiaS �1 Ct ri) S 73Z(; 4�_ —7-7 ZLF i01kcu-b. Reason for Rental -Type of Function ILL <?"('--l/ 9 k�\'ak' (sc1 �a���i Anticipated Number of Attendees (if mcke than 75 Atendees, police services are required by R-10-15) t1131 '2-,�) 11 C� i,� �� -),6 10 P Requested Date Time: From 5 PrN To I U�'�'' Please answer the following yes or no: 1) Are you a resident of Sebastian? y.P` 2) Will there be an admission charge or door charge? n1n 3) Will alcoholic beverages be served? s ��� If yes, please provide govt. issued ID proof of age 1 z ! 4 � Date of Birth Verified by A114, v�GrA.c- , the undersigned, acknowledge that I am the applicant or authorized agent of the above referenced organization, that I am aware of the provisions of the City of Sebastian Codes and Resolutions in respect to this application and use of City facilities for which I have applied and agree to abide by all rules and regulations set out for use of City facilities. I understand that the $250.00 security deposit will be refunded if the building is left clean and undamaged, however, failure to clean the facilities immediately after the use, or causing any damage to the facility will result in forfeiture, in part or full, of the security deposit. Signature of Applicant Revised 1/2021 137 of 138 CITY OF SEBASTIAN LEISURE SERVICES RECEIPT Name � � C-ha.4"*J Cash Date _ ILI Check # W-Credit 001001 208001 Sales Tax 001001 220000 Security Deposit 001501 362100 Taxable Rent 001501 362150 Non -Taxable Rent 001501 342100 Police Security Services 001501 366150 Brick Pavers 001501 366000 Memorial Benches 001501 369400 Reimbursement Services 2661 Amount Paid /(P . 90 ZT0.4fl ,2,6a.[-4 Total Paid .5,2/, Initials White - DeDt. of Oriain • Yellow - Admin. Svcs. - Pink - Applicant 138 of 138