HomeMy WebLinkAboutBudget Workshop Meeting - Friday, September 7, 2018 MINUTES OF MEETING
DANIA BEACH CITY COMMISSION
BUDGET WORKSHOP
FRIDAY, SEPTEMBER 7, 2018 — 3:00 P.M.
1. Call to Order/Roll Call
Mayor James called the meeting to order at 3:00 p.m.
Present:
Mayor: Tamara James
Vice-Mayor: Bill Harris
Commissioners: Chickie Brandimarte
Bobbie H. Grace
Marco A. Salvino, Sr.
City Manager: Robert Baldwin
City Attorney: Thomas Ansbro
City Clerk: Thomas Schneider
2. Brief Presentation
City Manager Baldwin noted the Commission has had the recommended budget for a month, and
meetings have been held with individual Commissioners. He briefly spoke of the residential
property summary provided to the Commission, as well as excess revenues in the building fund.
Nicki Satterfield, Director of Finance, presented a PowerPoint overview of the proposed budget,
which is attached to and incorporated into these minutes. She noted the presentation includes
changes that were requested by Commissioners since the July budget meeting.
3. Discussion
Commissioner Grace said the City has a very comfortable budget; there are some components
that should not be funded just because we have the money to do so. She reviewed the following:
we need SROs at Collins Elementary and Olsen Middle Schools, and she is okay with the two
new fire safety officers, as well as the Fire Chief. She wants to make clear that when she leaves
the Commission, the two Oasis homes will be built. She noted the Commission contingency is
fine, and at her one on one, she had asked for an additional $3,000.00 per Commissioner on top
of the 4% employee increase because the Commissioners deserve it.
Commissioner Grace said there is nothing indicated for a 55-passenger bus for the larger groups
to use for trips.
Finance Director Satterfield noted the two vans are 15-passenger vans, and explained the costs
associated with buying a 55-passenger bus. We looked at the option of contracting out with a
charter company; if the Commission agrees, we will budget $25,000.00 for charter buses, which
would provide at least 10 trips for each senior organization and for other recreation activities, for
a total of 30 trips. The amount to charter would not be deducted from the groups' allocation; all
three organizations will be treated the same.
Commissioner Brandimarte thought we had agreed we wanted$75,000 for the buses.
Finance Director Satterfield detailed the costs involved and past trips taken.
Commissioner Grace asked about the three vehicles for Parks and Recreation, and their position
requests. She also asked about Public Services' six new positions and why we need them.
Finance Director Satterfield explained the need for three Parks and Recreation vehicles, and
noted the athletic director is currently using his personal vehicle, which is not a good idea.
Brad Kaine, Director of Public Services, explained we do a lot of cross-training, but there is still
a lack of stormwater and sewer coverage for the entire City, and sometimes we have to
subcontract the work out.
Finance Director Satterfield explained the funding for these positions.
Commissioner Grace questioned positions in the Community Development Department.
Marc LaFerrier, Director of Community Development, said the Administrative Specialist would
perform records management work and assist with public hearings.
Commissioner Grace asked why employees cannot be cross-trained.
Community Development Director LaFerrier said they are cross-trained, but development
continues to increase and so does the workload.
Commissioner Brandimarte asked if he had someone in mind to fill the position.
Community Development Director LaFerrier responded it would be open and competitive. It
would go through Human Resources and ultimately him, as well as the City Manager.
Commissioner Brandimarte questioned the Permit Office Supervisor position.
Community Development Director LaFerrier responded the structure of management and
supervision has not changed since he has been with the City. There needs to be someone to
assist with the overall management of all the permitting activities.
Minutes of Budget Workshop 2
Dania Beach City Commission
Friday, September 7,2018—3:00 p.m.
Mayor James felt one side should be commercial and the other side residential. We also need
more worker bees; everyone thinks they are a boss. With Broward County and C.A.P., we do not
need all these supervisory positions.
Commissioner Salvino spoke of being in business; on the business side of it, he understands the
position of the Building department with City business growing. We are getting to the place of
telling a director how to run his department; that comes from the City Manager. He felt the
Commission is micromanaging.
Commissioner Grace said it is her job and Commissioner Salvino's to figure out how the City is
spending the taxpayers' money; we do not need to spend money foolishly. She noted she is not
on board with the two positions. Everyone thinks they need an assistant, who needs an assistant.
Commissioner Salvino commented he looks at the growth of the City, and departments need to
accommodate this growth. He is not saying we are not watching taxpayer money; we are trying
to provide better service to our residents. He supports the directors who are asking for additional
staff.
Commissioner Grace said the job needs a different title. She supports Permit Office Supervisor
but not the Administrative Specialist position.
Community Development Director LaFerrier noted the actual management structure has
remained the same since he began, and he further explained.
Mayor James asked what the Commission thought about making one side commercial and one
side residential.
Commissioner Grace said we want to do what is right by the department.
Community Development Director LaFerrier added the help he is asking for is fully funded by
the Building Fund. The amount of work the department is doing is stretching them. The
development community is very pleased with the service they are getting.
Commissioner Grace questioned the BSO radios.
Finance Director Satterfield said the cost will be spread over a three-year period and BSO is
sharing the cost.
Commissioner Salvino commented everything included in the General Fund is not a problem to
him. If there is a reason the money runs out for charter buses, he wants the Commission to fund
the extra. He questioned using Oasis funding for the streets and noted we should let the Code
Compliance Manager evaluate whether he needs the positions; we can still allocate the funds.
Regarding Public Services,he questioned what the sewer employees do when there is no rainfall,
or once the water pipes are fixed.
Minutes of Budget Workshop 3
Dania Beach City Commission
Friday, September 7,2018—3:00 p.m.
Public Works Director Kaine explained the daily workload; there are approximately 900 drains
in the City.
Commissioner Salvino spoke of unfunded positions, and asked why a Code Compliance officer
would be funded out of the General Fund.
Finance Director Satterfield explained Code Compliance does not work in the Building
Department; permit revenue is restricted for Building functions. The Fire Safety Officer, as well
as inspector, comes out of the General Fund as fire fees go to the General Fund.
Commissioner Salvino questioned the funding of the Chief Fire Safety Officer position.
Community Development Director LaFerrier explained we were not sure how BSO would
reorganize; it is hard to find and hire Building Officials and Mechanical Examiners and
Inspectors. He would like the opportunity to budget funds that might allow hiring a Building
Official or Chief Plans Examiner as a City employee.
Commissioner Salvino questioned the Parks and Grounds Technician and Beach Manager under
Public Services.
Public Services Director Kaine explained the split responsibilities of Public Services and Parks
and Recreation at the beach.
Commissioner Brandimarte noted she supports the added positions in Public Services and
Community Development, although she does not care for titles.
Vice-Mayor Harris asked about leasing heavy equipment for Public Services rather than
purchasing it.
Public Services Director Kaine explained how it is more cost effective to purchase some of the
equipment.
Vice-Mayor Harris spoke of the $200,000 for the Oasis project being held and using it for the
CRA, particularly for the street outside for the Dania After Dark event.
Mayor James said residents really look forward to the Oasis program improvements; a lot of
people will feel neglected. She would not like to hold the $200,000 funds back; if you start
doing that, it will happen again and again.
Commissioner Brandimarte agreed with the Mayor; on V Street, all of a sudden it drops dead
and looks bad, but she does not want to stop the Oasis project.
Commissioner Grace agreed; she would not like for it to be discontinued. City Manager Baldwin
has done a good job of moving Oasis around. We will find $200,000 for the CRA; we should
keep the Oasis project.
Minutes of Budget Workshop 4
Dania Beach City Commission
Friday, September 7,2018—3:00 p.m.
Vice-Mayor Harris noted his intention was not to neglect anybody from beautifying their
neighborhood, but we have talked about beautifying and energizing the downtown.
Mayor James felt security and metal detector should have been funded; we are not secure at all.
She asked that the Director of Parks & Recreation make sure he looks at the athletic department
funds due to playground equipment being in bad shape.
Finance Director Satterfield responded equipment will be addressed in the Parks & Recreation
Master Plan.
Mayor James added there is there a safety issue with the parks' grounds; a lot of the Saratoga
Apartments playground equipment is uprooted.
Eric Brown, Parks &Recreation Director, stated playground equipment lasts for 10-15 years, and
he will go out and evaluate the equipment.
Community Development Director LaFerrier noted the Saratoga playground is being demolished
due to new development.
Commissioner Salvino asked about the timeframe to implement the Parks & Recreation Master
Plan.
Finance Director Satterfield responded there will likely be multiple components to the Master
Plan, which will involve smaller type projects and some major renovations. The Commission
will need to decide how far they are going to go with the plan.
Mayor James asked Parks and Recreation Director Brown when he is going to tell us about his
evaluation of the positions.
Parks and Recreation Director Brown said he cannot today, but he will come back to the
Commission after his evaluation of the overall department. He added we can look at the
equipment right away.
Mayor James asked which position in Public Services takes care of the lights.
Public Works Director Kaine responded we only have two staff members whose primary
responsibility is lights.
Mayor James noted we only have 2 people responsible for parks and grounds maintenance; she
asked that 2 additional positions be added. She wants to look at the cost to add them since the
current employees are torn between locations to tend to.
Finance Director Satterfield responded 2 full time positions would be $142,700.
Commissioner Grace noted she understands what the Mayor is saying; we have 16 parks and she
does not want to wait for debris to be removed.
Minutes of Budget Workshop 5
Dania Beach City Commission
Friday, September 7,2018—3:00 p.m.
The consensus was to add 2 full-time Parks & Grounds Technicians.
Mayor James noted she is not in favor of a Permit Supervisor in Community Development, but
favors 10 more positions that will do the work. She had asked what would be the difference in
level of service with a new Fire Chief, and was told there would be none other than ownership
and we do not need that right now. She asked if we had an inspector who retired.
Community Development Director LaFerrier said the retiree was a structural inspector and the
position is not filled currently.
Mayor James asked if we could add another position for structural inspector.
Finance Director Satterfield said a Chief Plans Examiner and Inspector is what Community
Development Director LaFerrier is looking for; funding comes from the Building Fund.
Mayor James noted she is in full support of those positions.
Gregory Holness, Deputy Fire Chief, spoke of the importance of having a District fire Chief
position.
Finance Director Satterfield reviewed each slide and the consensus of the Commission was to
amend the proposed budget as follows:
Yes on 1 new SRO
Yes on 2 new Fire Safety Officers (approved at mid-year)
Yes on new Fire Chief
Yes on Oasis projects
Yes on adding $50,000 to the $87,000 for Recreation positions = $137,000
Yes on adding 2 Parks & Grounds Technicians for Public Services= $144,000
Yes to eliminate Permit Office Supervisor and to add additional employees to do the actual work
No to City Hall Medical Detector& Guard
Finance Director Satterfield noted these changes equaled $226,000, and asked how the
Commission wanted to fund them.
Mayor James said we are at 25% reserves currently; it would not be detrimental if we were at
22%.
Finance Director Satterfield stated it is matter of practice not to take operating expenses out of
reserves because reserves should be a one-time grab. Reserves right now are about $13 million,
which is 25%. She added the Commission has used a lot of reserves this year, and listed the uses.
Mayor James felt we will not come close to using all of the branding money.
Minutes of Budget Workshop
Dania Beach City Commission
Friday, September 7,2018—3:00 p.m.
City Manager Baldwin noted that if nothing is cut, the additional funding would have to come
from the reserves.
Commissioner Brandimarte does not want anything to touch the reserves for a disaster; she is big
on the hurricane fund. She thinks the new Fire Chief position can wait until the next budget and
should come off the list.
The Commission consensus was to fund the new Fire Chief mid-year if money is available then.
4. Adjournment
Mayor James adjourned the meeting at 5:08 p.m.
ATTEST: � q� CITY OF DANIA BEACH
a y
ytIn't, l r ,i •
THOMAS SCHNEIDER, CMC TAMARA JA
CITY CLERK /SHEO1� MAYOR
Approved September 25, 2018
Minutes of Budget Workshop 7
Dania Beach City Commission
Friday, September 7,2018—3:00 p.m.
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rValues
� t P o ert
Continued Growth!
City Property Values City revenues providing
increasingfor the fifth funds for communit y
consecutive year
Property Taxes
2008 values $ 3 , 319,056,469 ► 2008 receipts$ ] 7,937, 508
► 2009 3514255595344 (-6.8%) ► 2009 $ 1657985253
► 2010 2 ,939, 1895103 c -8.1%) ► 2010 $ 1657505836
► 2011 21688,806, 173 ( -1.9%) ► 2011 $ 1558725847
► 2012 25550J 209331 c .18%) ► 2012 $ 1 5 ,604,005
► 2013 29671 ,6945774 (5.40%) ® 2013 $ 1611029658
► 2014 2 , 791 , 734,052 (4.49%) ► 2014 $ 1697495846
► 2015 2 ,968,0681927 (7.49%) ► 2015 $ 1718079820
► 2016 3 ,21018031862 (9.90%) ► 2016 $ 1813875922
► 2017 31851 , 792 ,288 (20.68%) ► 2017 $22 ,0855125
2,01 8 4, 126,098, 540 (7.12%) ► 2018 $ 23 , 5171978
Homestead Impact
'\P} 2c)`v11i3 .w� �ii } +. 1 �NJ, 1 i .t�V,�I 1
Assessed Value- Exemptions=
Esi-, . t�� in ._ Taxable Value
• $100-$125k Assessed Value
Pay Taxes $75-$100k Assessed Value
Second Homestead Exemption $50-$75k Assessed Value
Pay Taxes $25-50k Assessed Value
First Homestead Exemption 0-$25k Assessed Value 4 "a
n
PROTECTING HOMERULE t7%/,w l <>
Preliminary
budget Actions Taken
July 24 , 2018
• Taxes = maintain existing millage 5 . 9998 mills
• "rolled back" millage rate - 5 .6675 mills
• Voter Approved Debt millage . 1760 mills
• Set 1 St Sept. Budget Public Hearing
Wed. 9/ 12 /2018 @ 5 :01 p.m. at Dania Beach City Hall
• Fire - Rescue Assessment (no change) $ 223 . 75 yr.
(provides appx same revenue as last year; 69% of fire protection costs)
• Stormwater Assessment ono change) $ 40 . 00 yr.
• Residential Solid Waste (adj. of $9.96yr.) $ 3 5 8 . 44 yr.
F inancial Status (cont ' d )
•:- City Tax Base - significant improvement-
aided by investments in City neighborhoods ,
beach & gateway appearance , infrastructure and
economic development & redevelopment
Tax Base bv Classificatio
2017 2018
► Residential 50. 7% 51 . 2%
► Hotels 7. 9% 8. 2%
Commercial 23 . 9% 23 .0%
Industrial 15 . 9% 15 . 9%
Other 1 .6% 1 .6%
ti` .
Financial Status ( cont ' d )
4.t+ City Tax Base (cont ' d )
Averaqe Side Famil indudin_g_ �andQs�
Market Value Assessed Value
► 2014 $ 1747144 $ 137 , 590
► 2015 $ 189 , 208 8.6% $ 1451579 5 .8%
� 2016 $ 21 OY484 11 .2% $ 154 , 607 6. 2%
► 2017 $ 224 , 686 6. 7% $ 1667418 7.6%
► 2018 $ 245 ,457 9.2% $ 177, 553 6.6%
Approximately 38% of all city properties are homesteaded
er remaining 62% are non-homestead , commercial, industrial
budget Focus
*:• SUStdlt"1dblllty — staffing levels , benefits , debt
service , contract costs
*.** Infrastructure — completion and
maintenance of planned & funded Capital Projects
�- Stormwater runoff infrastructure
%- Water & Sewer system repairs & replacements
Beach Area improvements
• Phase I . . . completed
• Phase II . . . annual funding -$ 1 , 172,675 accumulated from Parking
r Roadway repaving , sidewalk improvement, bus shelters,
alleyway improvements
o:=Appearance -
$ 200K Funding for Oasis project to be identified
Parks & Roadway landscape general maintenance
budget Focus ( cont ' d )
*:* Pu bl ic Safety -
);P-, Additional Public Safety Personnel
Working to establish sustainable BSO contract
for Fire Rescue service costs
�e- Expand neighborhood street lighting systems
through grant funding
➢ Continued annual City funding for legacy Police
& Fire Pension plan
Pension Plans
Police Pension Plan $ 780K (increase of $66/C)
S3.3M Unfunded Liability S2.9M
55.8 o Funded 59. 6 0
Fire Pension Plan $ 5 . 46M (decrease of $57K)
523.5M Unfunded Liability $19.4M
63.So Funded 77.00
7 8 Active, 62 Retiree/Drop, 7 0 Disability (Combined Police & Fire)
General Pension Plan $ 1 . 79M (increase of 29K)
$6.86M Unfunded Liability $6.22
74.89,o Funded 77. 60
79 Active, 73 Retiree/Drop, 0 Disability
Florida Retirement System $ 801 K (increase of 704K)
860 of employees covered by FRS (7 77 FRS Employees)
$29.6B City's Share (S4.3M) 83.2%Funded 83.90
OPEB (Post- retirement) Health Care Liability (FY79 $275K)
$72.7M Unfunded Liability =+ $74.3M
Separate cost from pension and separate annual funding - restart funding in FY79
Pension Plans
Three Basic Guidelines
r Retirement Cost should be recognized during working years
Total Pension Liability - this is an estimate
Impacted by both actuarial & management estimates, pension
investments, economy
r Elective bodies now choose how & when to provide funding
Funding for FY 2018/2019
r Propose budget provides for continued funding annual
pensions requirements from operating - $9. 1 M Funded as
dollar amount or percentage of pay.
Proposed budget provides for establishing a pension
reserve. Reserves are recommend to be equal to 25% of
annual required contributions (1 quarterly payment).
Estimated reserve should be $ 2 .275M. Commission
Approved $ 1 M FY 2017. Reserves being allocated to Pension
Reserves in FY 18/ 19 = $ 1 M
General F
What ' s Included .?
Ll No x
crease to operating property tax rate
Li Use of $200k und,62.51gnated hind balance for Grapple Truck
Public Safety Contract Cost $ 2 6. 2 M
— Police services $ 13. 1 M to $ 1 3.9M -6.7%
— Fire Rescue services $ 1 1 AM to $ 1 2.3M -7.4%
INCLUDES
One (1 ) New SRO Deputy $ 1 58K
Two (2) New Fire Safety Officers (approved at mid-year) $ 303K
One (1 ) New Fire Chief $ 225K
City Manager/City Commission
New Oasis Project $ 200K
� Commission Contingency $ 1 08K
Aids to Private Organizations $ 35K
Chris Hixon Foundation Scholarship $ 5K
Chamber Funding (Increase $ 35K to $40K) $ 5K
General Fund
What ' s Included ?
Parks & Recreation
► 2 Transport Vans $ 70K
► 3 F- 1 50 ' s $ 84K
► 1 Wave Runner $ 14K
Dania Beach Seniors $ 2 5 K
Gracefully Aging $ 25K
► MLK Funding $ 1 5K
► Athletic Program Funds (Football, Baseball, Soccer, Etc.) $ 100K
► Community Bus-West Route (Requires County ILA) $ l OOK
General
What ' s
Public Services Construction Maint. Division
Solar Light Maintenance $ 70K
Public Services Streets Division
► Roadway Repaving $ 325K
Alleyway Repaving $ 70K
Sidewalks (Citywide & 50/50) $ 1 1 5K
Misc. Asphalt/Pothole/Bridge Repair $ 115 K
Bus Shelter & Bus Bench Maintenance Contract (Approved Mid Year)
Solar Lighting CDBG $ 141 K
Public Services Fleet Division
Two (2) F-250 (Streets Division) $ 60K
One (1 ) Mack Dump Grapple Truck(Streets Division) $202K
Three (3) F-250 (Parks & Grounds Division) $ 90K
Funded Position RequestsO 0 New Positions)
All Funds Est. $743K
Recreation
Recreation Assistant - PT (To Aid Athletic Director - Gen Fund) $ 2 0 K
2 PT Park Rangers (Requested by Commission - Gen Fund) $ 6 7 K
Public Services
Project Associate Engineer (25% Gen/25% WA/25% SW/25%STW) $ 1 24K
Y Regulatory Compliance Officer (20%WA/40%SW/40%STW) $ 1 06K
r Treatment Plant Operator B (Water) $ 90K
Utilities Mechanic II (Sewer) $ 83K
Utilities Maintenance Worker II (Stormwater) $ 72K
Maintenance Worker I to Facilities Maintenance Technician
(Paygrade 16 to Paygrade 22: estimated Cost includes bel7efits) $ 1 6 K
Community Development
Permit Office Supervisor (Building) $ 98K
Administrative Specialist 1 (50% Gen/50% Bldg) $ 67K
'A/l costs are estimates inclusive of,benefits
Position Title Change Requests (2 Positions)
A► ll Funds
Community Development
Code Compliance Manager to Code Compliance & Parking
Manager
(Paygrade 30 to Paygrade 32; No fiscal impact; Title change to reflect duties)
Lead Code Compliance Inspector to Lead Code Compliance &
Parking Supervisor
(Title change only to reflect duties)
General Fund
What ' s Not Included ?
r BSO - Relocation to City Hall $ 500,000
Y City Hall Security Metal Detector & Guard $ 437000
BSO Radio Program (to be phased-in) $ 885 ,000
r Recreation Master Plan Improvements unknown
Comp & Class Implementation unknown
r NEW EOC Building unknown
r City Hall Renovations unknown
BSO Substation 803 Bldg Full-time Staffing unknown
BSO Marine Officer $ 1 75 ,000
r BSO Sergeant $ 1 75 ,000
BSO Deputy $ 1 58,000
IT Parker Office Renovations unknown
r Traffic Calming w/ MPO and DOT unknown
Beach & Pier Lighting unknown
Solar Traffic Lights $ 50,000 ea.
'BALL COSTS ARE EST/MA TES ONL Y
Unfunded Position Requests (8 Positions)
All Funds Est. $723K
Community Development
Code Compliance Officer (Gen Fund) $ 88K
>- Chief Fire Safety Officer (Gen Fund) $ 84K
Asst. Comm . Dev. Director (50% Gen/25% Bldg./25`/` Parking) $ 1 3 1 K
Public Services
Parks & Ground Technician (Gen Fund) $ 72K
Beach Manager (50% Gen/50% Parking) $ 1 08K
Admin . As - PS (45% Gen/30% Water/1 5% Sewer/] 0% STW) $ 78K
Utilities Mechanic II (Sewer) $ 82K
Treatment Plant Operator A (water) $ 80K
;'-;Afl costs are estimates inclusive of benefits
0 11100111110M.-oftwomm.,
Enterprise
Wate r No rate change since 20 71
Existing - Waterline NW1 st Avenue Waterline FY 18 $ 74K
➢ Existing - Watermain NW 1st street (Stirling to city Hall) FY 18 $432K
➢ Existing - Melaleuca Watermain Replacement FY 18 $ 250K
➢ Funding provided for Water Plant - Lime Slaker FY 19 $ 235K
➢ Water Distribution Improvements FY 19 $ 160K
➢ John Deere Backhoe (25% of Total cost$] 32K) FY 19 $ 33K
➢ Security - Approved at Mid Year FY 19 $ 101 K
➢ Water Resource Issues & CS Reservoir
➢ Rate Study in Progress for future consideration
a"4
Enterprimse
Sewe r No rate change since 207
v Working to complete SCADA System FY 17 $ 500K
Working to Complete Lift Station Rehab FY 18 $ 1 . 1 37M
Sewer Pump Replacements (Pumps 3 & 4) FY 19 $ 120K
y Sewer Distribution Improvements FY 19 $ 305K
y John Deere Backhoe (25% of Total cost$ 132K) FY 19 $ 33K
Rate Study in Progress for future consideration
Enterprise
Stormwater No rate change
SE improvements Phase II -SRF Loan Pre FY 18 MOM
SW area & Taylor Lane -Pre FY 18 $61 SK
Stormwater Improvements (sw 43rd Ter, 40th ct., 49th St) FY 18 $ 1 .2M
y Citywide Small Drainage Improvements FY 19 $ 1 20K
y John Deere Backhoe (25% ofTotal cost$ 132K) FY 19 $ 33K
Enterprise F
Parking $ 200K surplus to support Beach Improvements (Rev. slight decline 2%)
Small/Mid Size SUV $ 28K
Includes Expanded Security Hours Approved Mid Year $ 77K
Pier Westrec Management
y Self supporting pier operation (little/ no reserve)
r Surplus to be used for Pier L/Term maintenance (rev. up 4%)
y Beach Restaurant & Pier Rehabilitation $275K FY 19 - Funded through
Restaurant Rental Revenues
Beach Continues improvements to appearance
Phase I complete
r Phase II - Funding level currently $ 1 , 1 72 ,675 - Electrical Relocations &
Lifeguard Bathroom Renovations
Marina - Westrec Management
Self supporting marina operation - including annual loan repayment
v Occupancy and slip rental revenues continue to be steady; demand
remains solid
Slip rental rates to increase October 1 st appx $25 mo. to stay in line with
market conditions and comply with debt and grant provisions.