The URL can be used to link to this page

Home My WebLink About2019 02 14 Board of Trustees Regular Meeting MinutesCITY OF WINTER SPRINGS, FLORIDA MINUTES BOARD OF TRUSTEES REGULAR MEETING FEBRUARY 14, 2019 The Regular Meeting of Tuesday, February 14, 2019 of the Board of Trustees was called to Order by Chairperson David Withee at 5:38 p.m. in the Commission Chambers of the Municipal Building (City Hall, 1126 East State Road 434, Winter Springs, Florida 32708). Roll Call: Chairperson David Withee, present Vice -Chairperson Robin Paris, arrived at 5:51 p.m. Board Member Michael Blake, present Board Member Steven Krohn, absent Board Member Barbara Watkins, present Assistant to the City Clerk Antonia DeJesus, present A moment of silence was held followed by the Pledge of Allegiance. ***# AGENDA NOTE: THE AGENDA WAS DISCUSSED IN THE ORDER SHOWN IN THESE MINUTES. **** 100. Not Used NNN IMF, CITY OF WINTER SPRINGS, FLORIDA MINUTES BOARD OF TRUSTEES REGULAR MEETING - FEBRUARY 14, 2019 PAGE 2 OF 6 Chairperson Withee opened "Public Input ". Chairperson Withec closed "Public Input ". ['1 ,. �,�m�"It'lim�o'lizli REGULAR 500. Office Of The City Clerk The Office Of The City Clerk Is Requesting The Board Of Trustees Hold An Election For The Position Of Chairperson For Calendar Year 2019. REGULAR 501. Office Of The City Clerk &e. Wffij"I nesting The Board Of Trustees Hold An Election gf The Ci6 Clerk Is Re N I =011 jTZIMFUTWURTIVOLN I F I I I IN 17MIMMAM With brief comments, Chairperson Withee summarized that REGULAR AGENDA — PART I would be addressed at the end of the meeting. 1119 I AMAX—ft"2011 CONSENT 300. Office Of The City Clerk The Office Of The City Clerk Is Requesting The Board Of Trustees Consider And Approve The Thursday, November 8, 2018 Board Of Trustees Regular Meeting Minutes. REFERRING TO THE MINUTES FROM THE LAST MEETING, "MOVE APPROVAL." MOTION BY BOARD MEMBER BLAKE. SECONDED BY BOARD MEMBER WATKINS. DISCUSSION. VOTE: BOARD MEMBER WATKINS: AYE BOARD MEMBER BLAKE: AYE CHAIRPERSON WITHEE: AYE MOTION CARRIED. CITY OF WINTER SPRINGS. FLORIDA MINUTES BOARD OF TRUSTEES REGULAR MEETING - FEBRUARY 14, 2019 PAGE 3 OF 6 PUBLIC HEARINGS 400. Not Used REGULAR 502. Finance And Administration Services Department The Finance And Administrative Services Department Is Requesting The Board Of Trustees Receive From AndCo Consulting The First Quarter Investment Return Report And To Enter Into Discussion. Mr. Dam West, Senior Consultant, AndCo Consulting, 4901 Vineland Road, Suite 600, Orlando, Florida.- introduced Ms. Michelle Hayes with American Realty Advisors to provide an informational update. Ms. Richelle Hqycs, Senior Vice President, Investor Relations, 1540 International Par"7q),, Suite 2000, Lake Mary, Florida: gave a brief background of the company and herself. Continuing, Ms. Hayes spoke about the core fund and its ability to stabilize a portfolio in a volatile environment, Then, referencing her presentation, Ms. Hayes explained the company's cash flow and strategies when working with clients' portfolios. Additional comments followed. Jill Vice -Chairperson Robin Paris arrived at 5:51 p.in, Ms. Hayes reviewed various financial forecasts and property purchases including location and construction and rehabilitation efforts, Ms. Hayes emphasized the diversity of the portfolio. Ms. Hayes was asked about a schedule of when leases were expiring to which Ms. Hayes responded, "I can get that to you all." Further discussion ensued on leasing, retail real estate, and future market trends, Next Mr. West gave an administrative update regarding AndCo Consulting, Inc. and thanked the City for its business. CITY OF WINTER SPRINGS, FLORIDA MINUTES BOARD OF TRUSTEES REGULAR MEETING -FEBRUARY 14, 2019 PAGE 4 OF 6 Continuing, Mr. West commented on the investment environment over the last quarter and commented on the fiscal year end nunibers, returns, i technology's impact oil stock addressedtrading. Mr. West then allocation i noted, ensuedpretty close to the target." Discussion on rebalancing measures "I MOVE ACCEPTANCE P OF THE REPORT Q1 2019 AND APPROVAL , COMMENDATION MAINTAIN: MOTION BY BOARD MEMBER BLAKE. SECONDED BY BOARD MEMBER BOARD MEMBER BLAKE: AYE ., r .P . r OPARIS: CHAIRPERSON MOTIONBOARD MEMBER WATKINS: AYE .. D 4o AGENDA NOTE: REGULAR RG , , ; j. WERE DISCUSSED NEXT AS DOCUMENTED NEXT AND AS MENTIONEJ EARLIER IN THE MEETING. **** REGULAR 500. Office Of The City Clerk luiix1 !° For Position Of Chairperson For Calendar Year 2019. 24 i=i2� t'': C. M • CITY OF WINTER SPRINGS, FLORIDA MINUTES BOARD OF TRUSTEES REGULAR MEETING - FEBRUARY I4, 2010 PAGE 5 OF 6 VOTE: CHAIRPERSON WITHEE: AYE BOARD MEMBER WATKJ�4:A�6 BOARD MEMBER BLAKE: AYE MOTION CARRIED. REGULAR 501. Office Of The City Clerk The Office Of The City Clerk Is Requesting The Board Of Trustees Hold An Election For The Position Of Vice -Chairperson For Calendar Year 2018. FOR THE POSITION OF VICE -CHAIRPERSON, "I NOMINATE BARB (WATKINS)." MOTION BY VICE -CHAIRPERSON PARIS. SECONDED BY BOARD MEMBER BLAKE. DISCUSSION. VOTE: VICE-CHAIRPER No Reports were given. Chauperson 1,Vithee ol)ened "Public Input ". Cliaitperson IVithee closed "Public InIna " cFrY OF WINTER SPRINGS, FLORIDA MINUTES BOARD OF TRUSTEES REGULAR MEETING —FEBRUARY 14, 2019 PAGE 6 OF 6 Chairperson Withee adjourned the Regular Meeting at 6:44 p.m. NOTE: These Minutes were Approved at the June 12, 2019 Board of Trustees Regular Meeting.