Juan Brown

The meeting included quarterly investment reports from Agincourt and Bogdahn Consulting, covering portfolio performance and market trends. The board discussed re-selecting a member and the fiscal year-end report requirements. An experience study was presented, analyzing various plan assumptions and their potential impact on the city's contribution. Invoices were approved, and proposed meeting dates for 2017 were discussed and approved.

The Planning Advisory Board meeting included discussions and reviews of several key items. These included a review of meeting minutes from November 7, 2017 and January 10, 2018, and a request for a Future Land Use Map Amendment and Zoning Change Request for American Legion Post #54. The proposal seeks to change the land use and zoning to Mixed Use to enhance the property's use and value, and to prevent industrial uses in the area.

The meeting included discussions and presentations on quarterly and annual investment reports from Highland Capital and AndCo Consulting, covering portfolio performance and market conditions. The board approved several invoices related to consulting, legal services, and investment management fees. Updates were provided by the attorney regarding financial disclosure forms, pending legislation, and the status of mutual consent agreements with police and fire unions. The board reviewed and approved updated operating rules and procedures, including changes to election procedures, education requirements for trustees, meeting attendance via telephone, and fiduciary insurance language.

The meeting focused on flood mitigation strategies, including discussions on potential flooding in downtown Fernandina Beach and the need for a stormwater survey. The board explored short-term adherence to FEMA guidelines for downtown development and considered long-term solutions like bulkheads. Riparian rights and the acquisition of the Ventura property were discussed, emphasizing the importance of including all riparian rights in the title. The meeting also touched on design guidelines and the possibility of undoing the incorporation of CRA design guidelines into the Land Development Code. Recommendations were made to the City Commission for a flood mitigation study and a partnership among the City, the railroad, the OHPA, and the mills. Main Streets' budget allocation to the CRA was also mentioned.

The agenda includes the approval of minutes from the November 10, 2016, regular meeting, quarterly investment reports from Brown Advisory and AndCo Consulting for the quarter ending December 31, 2016, and an actuarial valuation presentation by Foster & Foster for the fiscal year ending September 30, 2016. The board will also review a report from attorney Scott Christiansen, approve already paid invoices, and discuss old and new business, including requests from the public.