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[00:00:29] Speaker 1
we on time? Right on time. 5.59.
[00:00:33] Attribution uncertain
I
[00:00:33] Speaker 1
have 30 seconds to burn, baby. Okay. One,
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two,
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three,
[00:00:37] Speaker 1
30.
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[00:00:44] Speaker 1
May 6, 2024. Call the order to this meeting. We will have invocation performed by agency vice chairperson,
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[00:01:03] Speaker 1
Would everyone please stand and secure your cell phones, ma'ams, and sirs?
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[00:01:13] Speaker 1
well. All right, sir, go ahead.
[00:01:16] Speaker 2 + overlapping voice · overlapping voices
Dear Heavenly Father, I'd like to give thanks to you for allowing us to arrive here in beautiful downtown at our city hall this evening safely. Yes.
[00:01:24] Attribution uncertain
I ask
[00:01:24] Speaker 2
that you give us a sound mind that we only make the best decisions on behalf of the great citizens of the city of Cocoa. I ask that you continue to watch over us as a city, even our neighbors, as we leave here and endeavor out the rest of this year. In Jesus' name we pray. Amen.
[00:01:40] Speaker 1
Amen.
[00:01:43] Speaker 3
I pledge allegiance to the flag of the United States of America
[00:01:48] Speaker 1
and to the republic for which it stands, one nation, under God, indivisible, for the liberty and justice for all. Hoorah!
[00:01:59] No voice detected
Hoorah!
[00:02:01] Speaker 1
Mr. Ryan Brown, sir, recording, secretary. May we do roll call, please, brother?
[00:02:08] Speaker 4
Yes, sir, Mr. Chairman. Sir, yes, sir.
[00:02:10] Speaker 4 · Unclear audio
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[00:02:13] Speaker 4 · Unclear audio
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[00:02:17] Speaker 4
Barringer. Present. Agency member Goins. Here.
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[00:02:23] Speaker 4
Agency member Rogers. Present. And agency attorney Kristen. Here. All present and counterforce.
[00:02:34] Speaker 1
Thank you, sir. My devil dog, sir. He's a Marine Corps, ladies and gentlemen. That's why I call him a devil dog or a jarhead. Retired one. Served as well.
[00:02:45] Speaker 1 · Unclear audio
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[00:02:49] Speaker 1
What are the wishes of the agency? Motion to approve. We have a motion on
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[00:03:00] Attribution uncertain · Unclear audio
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[00:03:00] Speaker 1 · Unclear audio
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[00:03:01] Speaker 5 · Unclear audio
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[00:03:02] Speaker 1
Aye. And the nays.
[00:03:04] Speaker 1 · Unclear audio
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[00:03:05] Speaker 1
have it unanimously. Proceeding on to the
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[00:03:14] Speaker 1
Motion to approve.
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[00:03:24] Speaker 1
All in favor by saying aye. Aye. Aye. Any nays? Ayes have it unanimously. Now we're getting down to the nitty gritty. Proceeding on to item number 3, delegations.
[00:03:37] Speaker 4
No delegations,
[00:03:38] Speaker 1
Mr. Chairman. Okay, sir. Any presentations, sir?
[00:03:41] No voice detected
No
[00:03:41] Speaker 4
presentations,
[00:03:42] Speaker 1
Mr.
[00:03:42] Attribution uncertain
Chairman.
[00:03:42] Speaker 1
Okay, now we're moving on to the bread and butter. Action item number 1, request agency approval of a resolution amending physical year 2024.
[00:03:54] Speaker 1 · Unclear audio
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[00:03:55] Speaker 1
Hashtag 24-083-T.
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[00:04:06] Speaker 1
for long-term disability to ensure it has adequate funding to the end of the fiscal year. Motion to approve. Okay, that's what I like to hear. We got a motion on the floor. That's a no-brainer.
[00:04:20] No voice detected · Unclear audio
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[00:04:21] Speaker 1 · Unclear audio
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[00:04:23] Speaker 1
Beringer. Chair's going to call the question all in favor by saying aye.
[00:04:27] Speaker 5
Aye.
[00:04:28] Speaker 1 + overlapping voice
And in a's, ayes have it unanimously. Now for the moment we've been waiting for.
[00:04:35] Speaker 1 + overlapping voice · Unclear audio
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[00:04:40] Speaker 1 + overlapping voice
selection committee's recommendation
[00:04:42] Speaker 1 + overlapping voice · Unclear audio
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[00:04:57] Speaker 1 + overlapping voice
authorized the city manager to negotiate and execute an agreement with the selected developer. I would like to say this current developer has over
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[00:05:11] Speaker 1 + overlapping voice
That's, ‸ I'm speaking on behalf of 360.
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[00:05:16] Speaker 1 + overlapping voice
this beautiful edifice
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[00:05:21] Speaker 1 + overlapping voice
and
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[00:05:24] Speaker 1 + overlapping voice
and do something totally different.
[00:05:26] Speaker 1 + overlapping voice · Unclear audio
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[00:05:27] Speaker 1 + overlapping voice
make a motion to approve, but I will hear you. We will do, if I get a second, we'll discuss it. But I'm in favor of it because
[00:05:33] Speaker 1 + overlapping voice · Unclear audio
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[00:05:37] Speaker 1 + overlapping voice · overlapping voices
Second for discussion. Okay. Okay.
[00:05:42] Speaker 6
Just a suggestion on the motion.
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[00:05:50] Speaker 6
give the authority to the city manager to execute an agreement. I believe the process would be that any agreement that's negotiated would come back to the board for your review and approval before that.
[00:06:03] Speaker 1 + overlapping voice
Or just a minute. No, no, just amend the motion to reflect the statements made by a squad. That's easy. Okay. Yeah. So we know we're coming. We know you're going to be here.
[00:06:16] Speaker 1 + overlapping voice · Unclear audio
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[00:06:21] Speaker 1 + overlapping voice
Okay. All right.
[00:06:24] Speaker 1 + overlapping voice · Unclear audio
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[00:06:25] Speaker 1 + overlapping voice
don't need to read the request action for this. What's on my paper right here, but ‸ okay. Where it says
[00:06:31] Speaker 1 + overlapping voice · overlapping voices · Unclear audio
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[00:06:43] Speaker 1 + overlapping voice
and agency attorney to begin negotiations of a redevelopment agreement with 360 hospitality group, LLC.
[00:06:54] Speaker 6 + overlapping voice · overlapping voices
‸ Yes,
[00:06:55] Speaker 1
ma'am.
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[00:06:57] Speaker 6 + overlapping voice · overlapping voices
Yeah.
[00:06:57] Speaker 1
That's what I was going to recite.
[00:06:58] Attribution uncertain
I
[00:06:58] Speaker 1
already got it circled. So we do not have any mix us. But let me first commend the committee for doing their outstanding due diligence to Amanda,
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[00:07:11] Speaker 1
Candace. I want to say thank you ladies for doing a phenomenal job in representing the thoughts and ideas here of the, um, the agency members. And I do support your recommendation. Okay. I, um, I just want to give credit where credit is due. Who would like to say something from that side of the world?
[00:07:34] Speaker 7 · Unclear audio
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[00:07:36] Speaker 7
Mr. Uh, chairman, um, you, you pretty much summarize everything. So on, um, we received, um, ‸ three, uh, responsive proposals and they were from 360 hospitality group,
[00:07:53] Attribution uncertain
uh,
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[00:07:58] Speaker 7
We did receive a fourth, um, proposal after the, uh, the deadline for a submission. And so, uh, that proposal was not considered by the evaluation committee. Um, that,
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[00:08:22] Speaker 7
met to score the, uh, proposals with, uh,
[00:08:27] Attribution uncertain
uh,
[00:08:27] Speaker 7
360 hospitality ranking, uh, highest GZ industries, uh, second highest. And then bluestone was, uh, ranked, uh, number three. And so this item is for, again, as you've already said to,
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[00:08:50] Speaker 7
city attorney to negotiate the, uh, the development agreement, uh, and bring that back to the board. We do have 360 hospitality here as the, uh, number one evaluated, uh, proposal to present, uh, their item. And so if you want to hear that, they're here, um, to present. I don't know who's going to be presenting for the group.
[00:09:14] Speaker 7 · Unclear audio
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[00:09:15] Speaker 7 · Unclear audio
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[00:09:21] Speaker 7
and desire, they'll come and present the proposal to you.
[00:09:25] Speaker 1 · Unclear audio
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[00:09:28] Speaker 1
and gentlemen, are we?
[00:09:30] Speaker 5
Second. Yeah.
[00:09:31] Speaker 1
Okay. All right. Yes, sir. Good to see the manager.
[00:09:34] Speaker 7
Go ahead, guys. The floor is yours.
[00:09:36] Speaker 1
I'm just going to brag a little bit more, but, uh, go ahead, man. I'm going to let you all do your claim to fame. The floor is yours,
[00:09:42] Attribution uncertain
sir.
[00:09:42] Speaker 1 + overlapping voice · overlapping voices
Can you guys hear me okay?
[00:09:43] Speaker 8 + overlapping voice · overlapping voices
Sir?
[00:09:44] Speaker 1
Yes,
[00:09:44] Speaker 8
sir. All right. So first of all, we want to, you know, thank you guys for giving us the opportunity, uh, to be up here, uh, presenting our RFP. Uh, we've had a few conversations with the CRA. Thank you guys for walking us through the process.
[00:09:57] Speaker 9 + overlapping voice
For the record,
[00:09:58] Speaker 9 + overlapping voice · overlapping voices · Unclear audio
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[00:09:59] Speaker 9 + overlapping voice · overlapping voices
Yes.
[00:09:59] Speaker 8 · Unclear audio
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[00:10:01] No voice detected
Yes.
[00:10:02] Speaker 8 · Unclear audio
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[00:10:12] Speaker 8
Uh, we have a, um, cover letter, which I'll skip over, but for those of you that have the proposal, feel free to, you know, read through it. Um, we also are going through our, uh, company information so you guys can learn a little bit more about us, um, and then our experiences and credentials, and then lastly, we'll go through our proposal. Um, first of all, before we get started, we wanted to. Just circle back on the original requirements that were in the RFP. Um, you know, the, the idea was to have a mixed, uh, or you could stay on that slide. Right.
[00:10:46] Speaker 5
All right.
[00:10:46] Speaker 8
Um, yeah, so we, we wanted to build a
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[00:10:58] Speaker 8
character of the, you know, village of, uh, Coco. And then lastly, we wanted to accommodate parking. So we believe, you know, over the conversations we've had with the group, we feel like we've accommodated or we can accommodate all three of these core requirements.
[00:11:13] Speaker 8 · Unclear audio
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[00:11:17] Speaker 8
any questions, feel free to stop us and ask questions and we can elaborate. Go to the next slide. Perfect. Uh,
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[00:11:31] Speaker 8
are a family run organization. Just to give you guys an idea of, you know, our presence in Brevard County.
[00:11:38] Speaker 8 · Unclear audio
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[00:11:43] Speaker 8
We are in
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[00:11:47] Speaker 8 · Unclear audio
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[00:11:50] Speaker 8
And as you can see on the map, this kind of lands central to our, uh, you know, our, our, uh, local footprint, um, 360 offers end to end services. So all the way from development to management, um, we have, you know, our, our team will, um, make sure that the hotel meets all the brand standards, depending on what brand we go with, and we'll transition onto operations, uh, that will make sure the hotel continues to operate and maintain according to those brand standards. And lastly, obviously we want to make sure the hotel is profitable. Um, so it continues to benefit the local, uh, community. Next
[00:12:29] No voice detected
slide.
[00:12:30] Speaker 8
In terms of achievements, uh, we've been around for, you know, 10 plus years, 200 employees, 10 plus projects, our ADRs are great. Um, we've won numerous awards with IHG. Um, and our hotels maintain good occupancy because we know our local community and we know how to reach them. That leads me to our team. So there's, uh, ‸ since we submitted this, there's obviously, uh, been a few changes to our team. Unfortunately, my brother Samir Patel, he has passed. Um, you know, I'll be taking over his responsibilities at 360.
[00:13:07] Speaker 1
Blessings.
[00:13:07] Speaker 8 + overlapping voice
Blessings. Thank you. Thank you.
[00:13:09] Speaker 8 + overlapping voice · Unclear audio
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[00:13:12] Speaker 8 + overlapping voice
Um, ‸ I, you know, Samir and I,
[00:13:15] Speaker 8 + overlapping voice · Unclear audio
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[00:13:19] Speaker 8 + overlapping voice
and I were running 12 hour shifts to make sure that hotel ran around the clock. And we did that for weeks on end. And so,
[00:13:24] Speaker 8 + overlapping voice · overlapping voices · Unclear audio
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[00:13:28] Speaker 8 + overlapping voice
our family has been, been building hotels for many, many years. And, uh, you know, after, uh, my high school years went off to college and went into the corporate life for about 10 years.
[00:13:39] Speaker 8 + overlapping voice · Unclear audio
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[00:13:41] Attribution uncertain · Unclear audio
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[00:13:41] Speaker 8 · Unclear audio
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[00:13:42] Speaker 8
organizations, and recently came
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[00:13:47] Speaker 8
So I'm looking
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[00:13:54] Speaker 8
Uh,
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[00:13:57] Attribution uncertain
our
[00:13:57] Speaker 8 · Unclear audio
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[00:13:59] Speaker 8
few additional slides.
[00:14:01] Speaker 1 · Unclear audio
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[00:14:04] Speaker 1
Yes, sir.
[00:14:04] Attribution uncertain
My
[00:14:04] Speaker 1 + overlapping voice · overlapping voices
dad is right here. Yes. Blessing, sir. Say yes, sir.
[00:14:09] Speaker 10
Hi,
[00:14:09] Speaker 10 · Unclear audio
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[00:14:12] Speaker 10
Um, yeah, this is, um, this is a project that we've been looking at for quite a while. Um, I know questions were brought up, uh, in our previous meeting of, you know, why we didn't look at this project four or five years ago. Um, you know, our families are, we're a very conservative family.
[00:14:30] No voice detected
Um,
[00:14:30] Speaker 10
but you know, at the same time, uh,
[00:14:32] Speaker 10 · Unclear audio
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[00:14:35] Speaker 10
So we built the brand, we started the brand, um, you know, and obviously we'd want him to be here, but, uh, you know, we got deep now, uh, joining the business. So we feel
[00:14:47] Speaker 10 · Unclear audio
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[00:14:49] Speaker 10
this opportunity to us to actually show what we can do and
[00:14:54] Speaker 10 · Unclear audio
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[00:14:58] Speaker 10
we are the right fit for this hotel. We do have the financing for this project. We do have the relationships that we've built over the last 20 years. Um, I was born in Brevard County, so I've been here for 30 years. I'm a local resident. I go up and down 520 every day.
[00:15:15] Speaker 10 · Unclear audio
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[00:15:18] Speaker 10
Express in Coco. So I know Sean will kind of touch base on the operational side a little bit more, but with the
[00:15:25] Speaker 10 · Unclear audio
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[00:15:31] Speaker 10
the most sense for us to leverage ourselves to be in a position to help this community out even more. So, you know, I thank you guys for allowing us to present and be here.
[00:15:42] Speaker 10 · Unclear audio
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[00:15:46] Speaker 10
this project going. Thank you.
[00:15:49] Speaker 1
Thank you.
[00:15:58] Speaker 11 + overlapping voice
‸ Hey, council.
[00:15:59] Speaker 11 + overlapping voice · Unclear audio
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[00:15:59] Speaker 11 + overlapping voice
Um, I'm Sean, an operations manager. I've been with 360 for a while since my daughter ‸ is now going off to college.
[00:16:08] Speaker 11 + overlapping voice · Unclear audio
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[00:16:11] Speaker 11 + overlapping voice · overlapping voices
So, um, we'll go through the next few slides. It's some of the operations that we're doing currently.
[00:16:15] Speaker 11 + overlapping voice · Unclear audio
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[00:16:19] Speaker 11 + overlapping voice
of our events at Space
[00:16:20] Speaker 11 + overlapping voice · Unclear audio
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[00:16:22] Speaker 11 + overlapping voice · overlapping voices
We host everything that's going on recently. We'll go to the next slide. Um, this is one of our latest projects. The build is already, uh, stationed. We're just gearing up now to start doing the interior to finish this off down in Melbourne Beach.
[00:16:35] Speaker 11 + overlapping voice · Machine re-recognized
Another
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[00:16:35] Speaker 11 + overlapping voice
project is in the community that we're looking to finish off.
[00:16:39] Attribution uncertain
The
[00:16:39] Speaker 11
next slide. And some of the stuff that we have, uh, presented in recent
[00:16:44] Speaker 11 · Unclear audio
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[00:16:48] Speaker 11
site
[00:16:48] Speaker 11 · Unclear audio
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[00:16:49] Speaker 11
as ‸ well. Just to continue to
[00:16:51] Speaker 11 · Unclear audio
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[00:16:54] Speaker 11
And next slide. And some of the awards that we've been able to win throughout the portfolio across central Florida. Is some of the things that we are looking to bring into the Cocoa Village area.
[00:17:07] No voice detected
Yeah.
[00:17:08] Speaker 11
And we've covered this one already, I think, pretty well.
[00:17:11] Speaker 8 + overlapping voice · overlapping voices · Unclear audio
[unclear audio]
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[00:17:11] Speaker 11 + overlapping voice · overlapping voices · Unclear audio
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[00:17:12] Speaker 8 · Unclear audio
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[00:17:12] Speaker 11 + overlapping voice · overlapping voices · Unclear audio
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[00:17:13] Speaker 8 + overlapping voice · Unclear audio
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[00:17:14] Speaker 8 + overlapping voice
So, yeah, I can wrap things up. So, this is really speaking to the funding slide. So, I know previously with the other developers that that seemed to be a challenge. So, we wanted to make sure that, you know, we had enough funding that we could bring to the table to make sure that we don't get hung up, you know, during the process. So, and I believe the CRA group has the letters and the required documentation for this as well. So, our proposal ‸ is to build a, I think we can go two slides. Perfect. Is to build ‸ an ideal world, and obviously, we need to do a feasibility study and go through the necessary steps. But, in an ideal world, we'd like to build a Marriott Tribute portfolio hotel, at least 100 rooms, ground-level shopping or coffee shop, 90 parking spots.
[00:18:04] Speaker 8 + overlapping voice · Unclear audio
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[00:18:07] Speaker 8 + overlapping voice
your needs and as well as meets our needs.
[00:18:09] Speaker 8 + overlapping voice · Unclear audio
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[00:18:12] Speaker 8 + overlapping voice
build that will work for both parties.
[00:18:17] Speaker 8 + overlapping voice · Unclear audio
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[00:18:20] Speaker 8 + overlapping voice
it could look like, plus a coffee shop.
[00:18:23] Speaker 8 + overlapping voice · Unclear audio
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[00:18:27] Speaker 8 + overlapping voice · overlapping voices
Next slide shows, you know, gym and pool. Again, these are all open to discussion. It's just something that renderings that we've created. And, ‸ overall, end-to-end development of the hotel from, you know, day zero to when we have it up and running, this hopefully gives you guys a better idea of what takes place from a development perspective.
[00:18:50] Speaker 8 + overlapping voice · Unclear audio
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[00:18:56] Speaker 8 + overlapping voice · overlapping voices
Whether it's Marriott, IHG, Hilton, they're going to have their own standards and you need to start the process from the get-go to make sure that you're checking all the boxes. That way, you can actually open when that time comes. From
[00:19:10] Speaker 8 + overlapping voice · Machine re-recognized
a
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[00:19:10] Speaker 8 + overlapping voice
estimated cost perspective,
[00:19:13] Speaker 8 + overlapping voice · Unclear audio
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[00:19:15] Speaker 8 + overlapping voice
We haven't went out to proper bid. This is based on previous projects that, you know, we've ‸ completed, including inflation, because that seems to be a big factor these days. We've ‸ estimated these cost items,
[00:19:29] Attribution uncertain
and
[00:19:29] Speaker 8
‸ the main cost that I'd pay attention to here, because, obviously, these aren't concrete and ‸ they're subject to change, is the estimated project cost. So, we estimate
[00:19:38] Speaker 8 · Unclear audio
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[00:19:41] Speaker 8
of build. And the next slide shows our loan terms. So, we would want to put down at least 25% to make sure, you know, we have enough to meet our debt servicing.
[00:19:53] Speaker 8 · Unclear audio
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[00:19:57] Speaker 8
And interest rates, we're hoping they come down. But, as of right now, this is where they are, unfortunately. The next slide shows our pro formas. These are conservative. I think I'm sure some of you guys have looked at it from an occupancy perspective. We feel like we can achieve higher than 75, especially here in the city. We can all, I also think we can hire, achieve,
[00:20:21] Speaker 8 · Machine re-recognized
higher
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[00:20:22] Speaker 8
ADRs. Again, these are conservative numbers. We don't want to go to the bank with aggressive numbers and not be able to meet those.
[00:20:29] Speaker 8 · Unclear audio
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[00:20:34] Speaker 8
So, any questions, comments here?
[00:20:38] Speaker 8 · Unclear audio
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[00:20:39] Speaker 7
sir.
[00:20:41] Speaker 7 · Unclear audio
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[00:20:44] Speaker 7
to the five-year pro forma numbers? And can you talk a little bit about, just want to make the board aware that you guys mentioned you're going to go out and do the feasibility study? And talk a little bit about why that happens after you sort of come in number one as opposed to doing it before.
[00:21:03] Speaker 8
Absolutely. So, I'll hit the first point on the pro
[00:21:06] Speaker 8 · Machine re-recognized
forma
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[00:21:07] Speaker 8
So, we looked at all of our portfolios of hotels. And we looked at all of the numbers. Based on those numbers, we've projected out what a Marriott tribute property would have in terms of revenue, in terms of cost. And based on that is how
[00:21:22] Speaker 8 · Unclear audio
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[00:21:24] Speaker 8
And even looking at those numbers, we've still come in conservatively. So, there's some things that are higher, you know, in terms of cost projections. Because we know it's a Marriott tribute hotel. It's going to be different from a Holiday Inn Express or an extended stay.
[00:21:38] Speaker 8 · Unclear audio
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[00:21:39] Speaker 8
So, we've factored all those things in.
[00:21:41] Attribution uncertain
And
[00:21:41] Speaker 8 + overlapping voice · overlapping voices
we have buffers built in because we don't want any surprises. So, we've been thoughtful about that. And if you guys have any input, we're happy to collaborate and work with you guys. And see how we can adjust the pro formas as necessary. And the second question, in terms of feasibility, we generally do the feasibility study once we have a contract in place. Because, obviously, there's costs associated to it.
[00:22:08] Speaker 8 + overlapping voice · Unclear audio
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[00:22:12] Speaker 8 + overlapping voice
hard sell to get our investors to say, yeah, we want to sign off on a feasibility study when we don't know if we're going to land the project. So, as soon as we have ‸ a contract in place, that's the first thing we'd start, feasibility study.
[00:22:23] Speaker 8 + overlapping voice · Unclear audio
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[00:22:27] Speaker 8 + overlapping voice
agree on it before we move forward.
[00:22:30] Speaker 7 · Unclear audio
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[00:22:36] Speaker 7
development or pre-development agreement.
[00:22:38] Speaker 6
It was. It was.
[00:22:45] No voice detected
Okay.
[00:22:45] Speaker 8 + overlapping voice · overlapping voices
Okay. So, is that something you're saying we'd have to do before? No.
[00:22:50] Speaker 7
I forget how it was structured there, but I just want to make the board aware that it's a business decision on your part. But it's also, it was a requirement of the pre-development agreement. And I forget whether it was, Charlene said, once it's executed.
[00:23:04] Speaker 7 · Unclear audio
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[00:23:07] Speaker 7
guys aware that that is a requirement of the development agreement. Perfect.
[00:23:13] Speaker 1 · Unclear audio
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[00:23:14] Speaker 8 + overlapping voice · overlapping voices · Unclear audio
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[00:23:15] Speaker 1 · Unclear audio
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[00:23:15] Attribution uncertain · Unclear audio
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[00:23:15] Speaker 12 + overlapping voice · overlapping voices · Unclear audio
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[00:23:16] Speaker 12 + overlapping voice
Deepak Patita. I'm also with 360.
[00:23:19] Speaker 12 + overlapping voice · Unclear audio
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[00:23:24] Speaker 12 + overlapping voice
owners, we want to make sure that what we're putting up will work. Second thing is, the bank's not going to loan you the money without it. So, without that, we're not going too far. So, that's why once we get to some negotiation or get something on paper, I think that ‸ time will give the feasibility study.
[00:23:43] Attribution uncertain · Unclear audio
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[00:23:43] Speaker 12 · Unclear audio
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[00:23:47] Speaker 1 + overlapping voice · Unclear audio
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[00:23:48] Speaker 1 + overlapping voice · overlapping voices
Thank you very much. We have a question, please. Vice Chairperson, Member Hearn, sir.
[00:23:57] Speaker 2
Is everyone done with the presentation?
[00:23:59] Speaker 7
I think you guys are done.
[00:24:00] Speaker 2 + overlapping voice · overlapping voices
Good. So, mine was, it wasn't really a question, it's more of a statement. I just wanted to share my appreciation for you guys putting together this robust plan for us to review. I don't know how much you guys have been previewed to this process, but it's been going on for quite a while. We've hit a couple of stops here and there with other applicants, which we are appreciative of all our applicants that
[00:24:27] Speaker 2 + overlapping voice · Unclear audio
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[00:24:29] Speaker 2 + overlapping voice
But ‸ I just appreciate this. You guys hit all the marks from what I think we discussed up here as a board. ‸ So,
[00:24:38] Attribution uncertain
I
[00:24:39] Speaker 2
really don't have too many questions. So, that's why I'm very appreciative of this. It looks like it could be a beautiful project. I'm hoping we can cross that finish line. And I know our staff do a good job. They're very diligent in their work. So, I know they'll make sure that the city of Cocoa will see the best of benefit from this project as well. So, thank you.
[00:25:07] Speaker 1 · Unclear audio
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[00:25:12] Speaker 1
Okay.
[00:25:13] Speaker 1 · Unclear audio
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[00:25:16] Speaker 3 + overlapping voice · Unclear audio
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[00:25:16] Speaker 3 + overlapping voice · overlapping voices · Unclear audio
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[00:25:22] Speaker 3 + overlapping voice
and just some additional So one,
[00:25:24] Speaker 3 + overlapping voice · Unclear audio
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[00:25:31] Speaker 3 + overlapping voice
well for having the willingness and courage to come back at it in the face of, you know, whatever. So
[00:25:40] Speaker 3 + overlapping voice · Unclear audio
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[00:25:43] Speaker 3 + overlapping voice
thank you for a robust and thorough presentation.
[00:25:47] Speaker 3 + overlapping voice · Unclear audio
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[00:25:52] Speaker 3 + overlapping voice · Unclear audio
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[00:25:57] Speaker 3 + overlapping voice · overlapping voices
of as a as a community partner you've already made tremendous investments throughout Brevard and of course that carries a ton of weight with the idea of we talk about feasibility I've seen a lot of people in Brevard come up with plans who never lived here that died on a shelf and you all have invested millions as a group. But one of the most significant investments that somebody made the decision to make that you may you probably it was innocuous event that had to do with one of your properties and I'll go nameless to that
[00:26:35] Speaker 3 + overlapping voice · Unclear audio
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[00:26:45] Speaker 3 + overlapping voice
dire circumstance for their own personal safety.
[00:26:50] Speaker 10
and without
[00:26:52] Speaker 3 + overlapping voice · overlapping voices
hesitation this group's operations aided that individual in a time that left that person safe to just make it through the day. And to that end, I don't know how many times that that's happened in all the hotels and all the days and all the whatever. but what I know as an individual trying to help somebody coming in totally blind to who you were as a group, being frank there was not even a hesitation to do the right thing. And to that end,
[00:27:29] Speaker 3 + overlapping voice · Unclear audio
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[00:27:33] Speaker 3 + overlapping voice
But that level of commitment
[00:27:36] Speaker 3 + overlapping voice · Unclear audio
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[00:27:37] Speaker 5 + overlapping voice · overlapping voices
So
[00:27:38] Speaker 3
thank you for representing that. I look forward to that
[00:27:46] Speaker 1
‸ we'll save you last
[00:27:47] Speaker 1 · Unclear audio
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[00:27:49] Speaker 1 · Unclear audio
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[00:27:53] Speaker 1
I
[00:27:53] Speaker 13
mean the fact that I have a a diagram with color and presenters that quite frankly your name is everything, right? any family that's why I'm so sold on this because family owned businesses and this style of business is very necessary because it's going to be so much investment and so much passion you have to put into a project such as this and condolences to the family. Samir is a great loss to this community as a whole great loss And so the fact that you guys are here, ready to step up, ‸ ready to move forward, is a ‸ blessing so ‸ I've been sold on this before the committee even started
[00:28:52] Speaker 13 · Unclear audio
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[00:28:56] Speaker 13
‸ and so
[00:28:57] Speaker 13 · Unclear audio
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[00:29:01] Speaker 13
It's been a long road, like everyone has said. Very, very, very frustrating for everybody the businesses downtown for sure People want to see heads in beds right now So you have a lot of business people sitting behind you that you may not even know, but they are happy to see you. trust me and so thank you for the commitment I know we still have another step to go. ‸ so blessings on that as well. so I'm ‸ good so thank you okay
[00:29:33] Speaker 5
oh okay
[00:29:34] Speaker 1
‸ It's all yours, ma'am. okay
[00:29:38] Speaker 5
Yes, this has been a long and winding road. and I am thrilled that we have finally found a balance between the cost to the developer and the value that will be returned back to the city This is a prime example of a great public private partnership and I am grateful that you are here in stepping up and
[00:30:02] Speaker 5 · Unclear audio
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[00:30:07] Speaker 5
and make a motion that we accept this proposal ‸ you did I want to second it then
[00:30:12] Speaker 1 + overlapping voice · overlapping voices
I'm sorry I thank the vice chairperson
[00:30:17] Speaker 1 + overlapping voice · overlapping voices · Unclear audio
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[00:30:23] Speaker 13 + overlapping voice · overlapping voices · Unclear audio
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[00:30:24] Speaker 1 + overlapping voice · overlapping voices · Unclear audio
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[00:30:26] Speaker 1 + overlapping voice
thank
[00:30:27] Attribution uncertain
you
[00:30:27] Speaker 1
I would just like to say thank you thank you thank you As you can look behind you you see the support and love that's in this room. Just look
[00:30:34] Speaker 2
at the numbers.
[00:30:38] Speaker 1 + overlapping voice · overlapping voices
there's power in numbers And even in the good book it says a good name is rather to be chosen. I
[00:30:45] Speaker 2
mean a
[00:30:46] Speaker 1
good name is rather to be chosen rather than great riches and loving favor rather than silver and gold and your name
[00:30:59] Speaker 1 · Unclear audio
[unclear audio — 0:03]
Flag: a language review questioned the wording · 00:30:59–00:31:02 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:31:02] Speaker 1
and your reputation as ‸ agency member
[00:31:05] Speaker 1 · Unclear audio
[unclear audio — 0:01]
Flag: numbers, amounts, negation or names differ between the machine readings · 00:31:05–00:31:06 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:31:06] Speaker 1
and your hard work and diligence and commitment as agency member Rogers has talked about And then we have our deputy well excuse me vice chair agency member Hearn expound on it too as well that he supports it. so there's love but I want to say thank you neighbor because we all run in circles you know what I'm saying but you're the 360 hospitality opened up their circle to include the great city of Coco so that's why I'm saying to you
[00:31:33] Speaker 1 · Unclear audio
[unclear audio — 0:04]
Flag: a language review questioned the wording · 00:31:33–00:31:37 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:31:37] Speaker 1
manager, senate attorney and also to staff and all 400 plus employees in the great city of Coco We come to you and greet you with open arms and
[00:31:47] Speaker 1 · Unclear audio
[unclear audio]
Flag: the machine readings disagree here · 00:31:47–00:31:47 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:31:47] Speaker 1
thank you, thank you thank you
[00:31:51] Speaker 1 · Unclear audio
[unclear audio — 0:01]
Flag: numbers, amounts, negation or names differ between the machine readings · 00:31:51–00:31:53 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:31:54] Speaker 1
I'm going to step away and turn the gavel up.
[00:31:56] Speaker 1 · Unclear audio
[unclear audio — 0:01]
Flag: the recognizer flagged its own output · 00:31:56–00:31:57 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:31:57] Speaker 1 · Unclear audio
[unclear audio — 0:03]
Flag: numbers, amounts, negation or names differ between the machine readings; the recognizer flagged its own output · 00:31:57–00:32:00 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:32:00] Speaker 1
Sir,
[00:32:00] Speaker 1 · Unclear audio
[unclear audio — 0:02]
Flag: a language review questioned the wording · 00:32:00–00:32:03 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:32:02] Attribution uncertain · Unclear audio
[unclear audio]
[00:32:02] Speaker 1 · Unclear audio
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[00:32:03] Speaker 2 · Unclear audio
[unclear audio — 0:01]
[00:32:03] Speaker 2
all in favor say aye aye any nays unanimous you have it okay
[00:32:09] Speaker 1 · Unclear audio
[unclear audio — 0:03]
Flag: numbers, amounts, negation or names differ between the machine readings; the recognizer flagged its own output; the recognized words and the detected speech do not line up; a language review questioned the wording · 00:32:09–00:32:30 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:32:12] No voice detected · Unclear audio
[unclear audio — 0:09]
[00:32:21] Speaker 1 · Unclear audio
[unclear audio]
[00:32:21] No voice detected · Unclear audio
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[00:32:22] Speaker 1 + overlapping voice · overlapping voices · Unclear audio
[unclear audio — 0:08]
[00:32:32] Speaker 1 + overlapping voice
‸ I'm going
[00:32:32] Attribution uncertain
to
[00:32:32] Speaker 1 + overlapping voice
say it this way
[00:32:33] Speaker 1 + overlapping voice · Unclear audio
[unclear audio — 0:05]
Flag: a language review questioned the wording · 00:32:33–00:32:38 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:32:38] Speaker 1 + overlapping voice · overlapping voices
with the habitat for humanity and I had to wear pink tutu that's how happy I am right about now and I sincerely mean you can wear it tomorrow. no I don't think they make them in my size anymore okay let me proceed moving forward please Business is in order. there's things decent in order but thank you um attorney
[00:33:00] Speaker 1 + overlapping voice · Unclear audio
[unclear audio — 0:02]
Flag: numbers, amounts, negation or names differ between the machine readings · 00:33:00–00:33:02 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:33:02] Speaker 1 + overlapping voice
Ike no report okay updates and staff reports
[00:33:07] Speaker 1 + overlapping voice · Unclear audio
[unclear audio — 0:01]
Flag: a language review questioned the wording · 00:33:07–00:33:12 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:33:08] Speaker 9 + overlapping voice · Unclear audio
[unclear audio — 0:04]
[00:33:12] Speaker 9 + overlapping voice
you have the annual memorial day tribute flyer and we know that you will all be in attendance for that wonderful day also ‸ want you to begin thinking about your budget priorities for Coco CRA we will be begin discussing that at our next couple of meetings so bring some ideas to the table Knowing that we are still working on doing our CRA plan update so
[00:33:38] Speaker 9 + overlapping voice · Unclear audio
[unclear audio — 0:04]
Flag: a language review questioned the wording · 00:33:38–00:33:42 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:33:42] Speaker 9 + overlapping voice · overlapping voices
prep and all of those will coincide And as soon as we have an agreement with the Inspire placemaking we'll bring the schedule to you and give you all of that information as to how things will progress from there okay that is all I have
[00:33:58] Speaker 1
yes ma'am um agency member
[00:34:01] Speaker 1 · Unclear audio
[unclear audio]
Flag: numbers, amounts, negation or names differ between the machine readings · 00:34:01–00:34:01 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:34:01] Speaker 1
have your light on,
[00:34:01] Speaker 13
sir. yes sir yes sir
[00:34:03] Speaker 13 · Unclear audio
[unclear audio — 0:05]
Flag: a language review questioned the wording · 00:34:03–00:34:08 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:34:08] Speaker 13
that is west of the oil change only off of Oleander and and so now it's really becoming a safety concern especially at night because there's no lighting in that particular parking lot And a lot of people park there when this particular parking lot is full. A lot of ‸ business, I mean customers parking that parking lot and so I know I had a discussion about some solar lighting things of that nature. I really would like for us to really bring that back I don't know if
[00:34:46] Speaker 13 · Unclear audio
[unclear audio]
Flag: the machine readings disagree here · 00:34:46–00:34:46 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:34:46] Speaker 13
be a parking lot a true parking lot in the future but I know lighting is very very
[00:34:53] Speaker 13 · Unclear audio
[unclear audio — 0:01]
Flag: the machine readings disagree here · 00:34:53–00:34:54 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:34:54] Speaker 13
some issues this weekend and because of the lighting. and so the business owner one of the business owners was supposed to come today, but he got caught up today so I just I don't know how the agency members feel about that.
[00:35:08] Speaker 13 · Unclear audio
[unclear audio — 0:02]
Flag: the recognizer flagged its own output; a language review questioned the wording · 00:35:08–00:35:10 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:35:11] Speaker 13
but it's a concern and so I would definitely like to bring that bring that back so what what ‸ do you think about that sir yeah
[00:35:22] Speaker 7 + overlapping voice
so so part of the negotiations and part of the challenges for the hotel is going to be parking. remember they they showed you
[00:35:33] Speaker 7 + overlapping voice · Unclear audio
[unclear audio — 0:01]
Flag: numbers, amounts, negation or names differ between the machine readings · 00:35:33–00:35:34 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:35:34] Speaker 7 + overlapping voice
but only 70 parking spaces there so we there's a lot of meat left on the bone with regards to parking. what what What we had actually planned on doing was
[00:35:44] Speaker 7 + overlapping voice · Unclear audio
[unclear audio — 0:02]
Flag: a language review questioned the wording · 00:35:44–00:35:46 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:35:48] Speaker 7 + overlapping voice · overlapping voices
remember in the previous RFPs public parking was a part of the RFP wasn't wasn't a requirement of this RFP So, we still got to talk about how they meet their project parking and in conjunction with that
[00:36:03] Speaker 7 + overlapping voice · Unclear audio
[unclear audio — 0:06]
Flag: a language review questioned the wording · 00:36:03–00:36:09 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:36:09] Speaker 7 + overlapping voice
Winter Park that's going to add 71 additional parking spaces
[00:36:17] Speaker 7 + overlapping voice · Unclear audio
[unclear audio — 0:05]
Flag: a language review questioned the wording · 00:36:17–00:36:23 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:36:23] Speaker 7 + overlapping voice
that could add a potential another 61 spaces and so I don't want to give away our position in terms of negotiation because I'm assuming
[00:36:31] Speaker 7 + overlapping voice · Unclear audio
[unclear audio]
Flag: the machine readings disagree here · 00:36:31–00:36:32 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:36:32] Speaker 7 + overlapping voice
be difficult enough with those guys but but I'm
[00:36:36] Attribution uncertain
going
[00:36:36] Speaker 7 + overlapping voice
to bring it back to you that sort of one package there
[00:36:39] Speaker 7 + overlapping voice · overlapping voices · Unclear audio
[unclear audio — 0:05]
Flag: a language review questioned the wording · 00:36:39–00:36:44 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:36:44] Speaker 7 + overlapping voice · overlapping voices
we got six parcels of land over there four of which are not a part of the consent decree area So we got to figure out how we're going to do that But we do have a project that was designed that included that lot and include some on-street parking that gave us 61 I don't think that they included that lot ‸ so potentially we could have ‸ another let's just say 40 or 50 ‸ whatever that's going to be but again can't do it on right now for the moment We can't do it
[00:37:27] Speaker 7 + overlapping voice · Unclear audio
[unclear audio — 0:01]
Flag: numbers, amounts, negation or names differ between the machine readings · 00:37:27–00:37:28 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:37:29] Speaker 7 + overlapping voice
two parcels that are in the consent decree so we're going to bring you this comprehensive look back at parking see how we can get there the on-street stuff is a little short
[00:37:42] Speaker 7 + overlapping voice · Unclear audio
[unclear audio — 0:02]
Flag: numbers, amounts, negation or names differ between the machine readings · 00:37:42–00:37:44 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:37:44] Speaker 7 + overlapping voice
so ‸ we're talking true public private partnerships to get there in terms of that. but ‸ we haven't improved the surface of that And so we need to do that as we're adding the lighting and make that really a lot that's safe to not only park on and park in but to walk on also so we'll bring that back to you hopefully when we're doing when we finalize the negotiations with ‸ 360
[00:38:25] Speaker 2 + overlapping voice · Unclear audio
[unclear audio — 0:01]
Flag: the machine readings disagree here · 00:38:25–00:38:27 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:38:27] Speaker 2 + overlapping voice
‸ is the concern at the moment is it possible that we ‸ do we have the mobile lights that's on the little trailer that we construction
[00:38:35] Speaker 2 + overlapping voice · Unclear audio
[unclear audio]
Flag: the machine readings disagree here · 00:38:35–00:38:35 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:38:35] Speaker 2 + overlapping voice · overlapping voices
we have
[00:38:37] Speaker 7 + overlapping voice · overlapping voices
the public ‸ work ‸ lights yeah let me let me I mean ‸ I'll give you guys an update on that because I don't want to I don't want to
[00:38:50] Speaker 2 + overlapping voice · overlapping voices
look at
[00:38:50] Speaker 2 + overlapping voice · overlapping voices · Unclear audio
[unclear audio — 0:03]
Flag: numbers, amounts, negation or names differ between the machine readings · 00:38:50–00:38:53 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:38:53] Speaker 7 + overlapping voice · Unclear audio
[unclear audio]
[00:38:53] Speaker 7 + overlapping voice · overlapping voices
security ‸ So, yeah, let us take a look at that gotcha
[00:39:00] Speaker 1
ladies and gentlemen are we all on one accord all of our hearts and mind welcome to team coco 360 hospitality again thank you very much gentlemen our next meeting ladies and gentlemen will be held in beautiful downtown
[00:39:18] Speaker 1 · Unclear audio
[unclear audio — 0:02]
Flag: a language review questioned the wording · 00:39:18–00:39:20 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:39:20] Speaker 1
monday june the
[00:39:22] Speaker 1 · Unclear audio
[unclear audio]
Flag: numbers, amounts, negation or names differ between the machine readings · 00:39:22–00:39:22 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:39:22] Speaker 1
2024 at 6pm
[00:39:25] Speaker 1 · Unclear audio
[unclear audio — 0:03]
Flag: a language review questioned the wording · 00:39:25–00:39:28 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:39:28] Speaker 1
what are the wishes of the agency members
[00:39:31] Speaker 2 + overlapping voice · overlapping voices
motion
[00:39:31] Speaker 1 + overlapping voice · overlapping voices
‸ on ‸ floor by vice chairperson her second by agency member
[00:39:37] Speaker 1 + overlapping voice · Unclear audio
[unclear audio — 0:03]
Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:39:37–00:39:40 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:39:40] Speaker 1 + overlapping voice · overlapping voices
all in favor by saying aye aye
[00:39:42] Speaker 1 + overlapping voice · Unclear audio
[unclear audio — 0:01]
Flag: numbers, amounts, negation or names differ between the machine readings · 00:39:42–00:39:43 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:39:43] Speaker 1 + overlapping voice
have it unanimously and I'm glad everyone survived
[00:39:46] Speaker 1 + overlapping voice · Unclear audio
[unclear audio — 0:01]
Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:39:46–00:39:47 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:39:48] Speaker 1 + overlapping voice
you survived yes thank you go in peace
[00:39:52] Speaker 1 + overlapping voice · Unclear audio
[unclear audio — 0:01]
Flag: numbers, amounts, negation or names differ between the machine readings · 00:39:52–00:39:53 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:39:53] Speaker 1 + overlapping voice
sir thank you sir
[00:39:54] Speaker 1 + overlapping voice · Unclear audio
[unclear audio — 0:01]
Flag: the recognizer flagged its own output · 00:39:54–00:40:09 · unresolved: the words are not shown (unclear audio); listen to the recording
[00:40:04] No voice detected · Unclear audio
[unclear audio]