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1,187 records
D. Hammock Lakes Park Easement Agreement
The City of West Melbourne is considering an easement agreement with the Hammock Lakes Homeowners Association of Brevard, Inc. This agreement would grant the City an easement for a portion of the HOA's property, which is next to the existing Hammock Lakes Park. The City Manager is recommended to be authorized to sign this agreement. This item is currently under review by the City Council. If approved, the agreement would involve legal services for drafting and executing the easement, and potentially site surveying or boundary verification. Early engagement with legal professionals specializing in real estate and municipal agreements could be beneficial as this item progresses through the review process.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
- Applicant:
- Hammock Lakes Homeowners Association of Brevard, Inc.
E. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
E. Interfund Receivables, Payables and Transfers
This agenda item concerns interfund transfers for the City of West Melbourne, Brevard. The city is planning to move funds between different city accounts to cover future vehicle replacements and current infrastructure improvements. Specifically, transfers are planned from the General Fund and Water and Sewer Fund to the Vehicle Replacement Fund. Additionally, funds will be moved from the ARPA Special Revenue Fund to the Water and Sewer Fund for infrastructure, and from the General Fund to the Stormwater Fund. This item is currently under review by the City Council. The scope of work involves financial planning and accounting for these transfers, which will support future capital purchases and infrastructure projects. Businesses involved in financial services, accounting, and potentially construction or vehicle supply could be impacted as these transfers enable future spending. Early engagement with city finance departments could provide insight into upcoming needs.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
F. Long-Term Debt and Liabilities
The City of West Melbourne is reviewing the use of revenue bonds to fund capital projects and refinance existing debt. These bonds are backed by the revenue from the city's water and sewer system. This review is currently under consideration, indicating an early stage in the public process. If approved, the city could undertake projects involving the construction or upgrade of water and sewer infrastructure. This work might include site preparation, underground utility installation, and potentially new construction or system improvements. Local contractors, trades, suppliers, and service providers are encouraged to monitor this process. Engaging early, before final plans and permits are issued, could offer an advantage in securing future work related to these potential infrastructure developments.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
F. Long-Term Debt and Liabilities (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
F. Long-Term Debt and Liabilities (Continued)
The City of West Melbourne is reviewing its long-term debt and liabilities, specifically focusing on outstanding revenue bonds for business-type activities. This includes the Water and Sewer Revenue Refunding Bonds, Series 2014, with a remaining balance of $515,300, and the Water and Sewer Revenue Bonds, Series 2024D, with a remaining balance of $54,055,000. The Series 2014 bonds mature in October 2026, while the Series 2024D bonds mature in October 2054 and were issued to finance capital projects. The city is also managing a contract termination payable related to an interlocal agreement for water services, with a remaining liability of $1,250,000 being paid in installments through 2027. This item is currently under review as part of the city's financial reporting. The ongoing management of these bonds and liabilities may involve future financial planning, consulting, and potentially capital project work related to water and sewer infrastructure. Contractors, suppliers, and service providers in the utility and finance sectors should monitor future city announcements for potential opportunities as these financial instruments are managed and capital projects are planned.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
F. Long-Term Debt and Liabilities (Continued)
This item concerns the City of West Melbourne's long-term debt obligations related to its water and sewer revenue bonds. Specifically, it details the annual debt service requirements for the Water and Sewer Revenue Refunding Bonds, Series 2014, and the Water and Sewer Revenue Bonds, Series 2024D, through September 30, 2025. The information includes principal and interest payments due for upcoming years, as well as pledged revenues supporting these bonds. This is a financial review item, not a new project initiation. Therefore, there is no direct construction work or new development described at this time. Local contractors, suppliers, and service providers should monitor future city financial reports and agenda items for potential infrastructure projects or bond issuances that may arise from these financial obligations.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
F. Long-Term Debt and Liabilities (Continued)
The City of West Melbourne is reviewing its long-term debt and liabilities, specifically focusing on pledged revenues for water and sewer debt. This includes the Water and Sewer Series 2024D, which has a principal amount of $97,402,650 and matures in 2054. The city also has lease agreements for police vehicles and office equipment, with future payments totaling $25,934 through 2028. Additionally, the city has agreements for cell tower space expiring in 2031. This review is part of the city's ongoing financial planning and is currently under review. The work related to this item involves financial reporting and debt management, with potential future needs for financial services, legal counsel, and administrative support. Businesses specializing in financial consulting, legal services, and administrative support could find opportunities by engaging with the city early in its review process.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
G. Net Investment in Capital Assets
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans - Defined Benefit Plans (Continued)
This agenda item concerns the City of West Melbourne's employee retirement plans, specifically defined benefit plans and the Florida Retirement System. It details financial figures related to deferred outflows and inflows of resources, differences between expected and actual experiences, changes in assumptions, and investment earnings. The item is currently under review by the City Council. The financial reporting and actuarial valuations presented will inform future financial decisions and potential adjustments to the city's pension obligations. This process may involve financial analysts, actuaries, and accounting professionals. Early engagement with city finance departments could provide insights into upcoming needs.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans - Defined Benefit Plans (Continued)
This notice concerns the City of West Melbourne's employee retirement plans, specifically defined benefit plans and the Florida Retirement System. The city is reviewing key actuarial assumptions for these plans, including inflation rates, payroll growth, investment return rates, and discount rates. These assumptions are based on actuarial experience studies and forward-looking capital market economic models. The review process involves analyzing mortality assumptions and updating discount rates. This item is currently under review by the City Council. The work involves actuarial analysis, financial modeling, and potentially adjustments to retirement plan funding. Local businesses specializing in actuarial services, financial consulting, and government accounting could find opportunities related to this ongoing review.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans - Defined Benefit Plans (Continued)
This item concerns the City of West Melbourne's Police Officers' Pension Plan. The plan details supplemental benefits for members hired before January 1, 2011, and a share plan with allocations for members based on years of service. These allocations are funded by state monies and impact the city's contribution requirements. The plan's investment policy targets various asset classes, including domestic equity, fixed income, and real estate. The agenda item is currently under review by the City Council. While no new construction is described, the financial management and investment policies of the pension plan may involve financial services, investment advisors, and potentially real estate or other investment-related service providers. Businesses specializing in financial planning, investment management, and actuarial services could find this information relevant as the city manages its retirement obligations.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans - Defined Benefit Plans (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans - Defined Benefit Plans {Continued)
This item concerns the City of West Melbourne's employee retirement plans, specifically defined benefit plans and the Florida Retirement System. It details the asset allocation, expected returns, inflation assumptions, and discount rates used for financial reporting. The information presented includes a sensitivity analysis showing how changes in the discount rate could affect the city's net pension liability. This is a financial reporting and actuarial review item, not a construction project. Therefore, there are no direct construction or trade opportunities at this time. Businesses involved in financial planning, accounting, or actuarial services may find this information relevant for understanding the city's financial obligations.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans - Defined Benefit Plans {Continued)
This item concerns changes to the City of West Melbourne's Police Officers' Pension Plan. The plan's actuarial assumptions have been updated, including mortality rates and a decrease in the investment return assumption from 6.55% to 6.35%. The discount rate used for pension liability is now 6.35%. These changes are based on actuarial valuations and state law requirements. The plan is currently under review for these adjustments. This process involves actuarial analysis and financial reporting, with no direct construction or physical work indicated at this stage. Local businesses in financial services, accounting, and legal fields may find opportunities related to ongoing financial management and compliance.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans – Defined Benefit Plans
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans – Defined Benefit Plans (Continued)
This item concerns the City of West Melbourne's participation in the Florida Retirement System (FRS) and the Retiree Health Insurance Subsidy (HIS) Program. These are state-administered plans that provide retirement income and health insurance cost assistance to eligible former city employees. The city's participation in FRS is optional for certain entities, and this agenda item is a continuation of a discussion about these plans. The discussion involves understanding employee contribution rates, which are 3.00% of salary, and employer contribution rates that vary by employee class. The employer contribution rates for the FRS Pension Plan range from 22.03% to 33.24%, and for the HIS Program, they are 2.00%. This item is currently under review as a continued discussion. The scope of work involves financial analysis and administrative review related to these retirement and subsidy programs. This opportunity is early in the public process, allowing for businesses specializing in financial consulting, actuarial services, and government administration support to engage with the city before final decisions are made.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans – Defined Benefit Plans (Continued)
This item concerns the City of West Melbourne's employee retirement plans, specifically defined benefit plans and the Police Officers' Pension Plan. The city has a payable of $40,306 related to the Florida Retirement System and HIS as of September 30, 2025. The Police Officers' Retirement Plan is a single-employer defined benefit plan administered by a five-member Board of Trustees. Its financial statements are included in the City's Annual Comprehensive Financial Report, with pension plan data coming from actuarial reports as of September 30, 2025. The plan uses the accrual basis of accounting, and investments are reported at fair value. Benefits are determined by City Ordinance and Florida Statutes, with provisions that cannot be reduced below statutory minimums. This item is under review as part of ongoing financial reporting and administration. The scope of work involves actuarial services, financial reporting, and potentially legal and administrative services related to plan management and compliance. Local businesses specializing in financial consulting, accounting, legal services, and administrative support could find opportunities by engaging with the city early in the process.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans – Defined Benefit Plans (Continued)
This agenda item concerns the ongoing review of employee retirement plans, specifically the Police Officers' Pension Plan for the City of West Melbourne. The plan provides retirement, death, and disability benefits based on years of service and age. Contribution requirements are determined annually, with a portion funded by the State and the remainder by employee and city contributions. The City's contributions for the year ended September 30, 2025, totaled $789,474, including state payments, while plan members contributed $265,344. The plan is administered by a Board of Trustees. This item is currently under review, indicating an early stage in the civic process. While no direct construction is outlined, the financial management and administration of such plans may involve professional services related to actuarial analysis, financial planning, and legal counsel. Businesses specializing in these areas could find opportunities by engaging with the city or the plan's administrators early in the review process.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans – Defined Benefit Plans (Continued)
This agenda item concerns the ongoing review of employee retirement plans for the City of West Melbourne, specifically the Police Officers' Pension Plan. The plan currently has 75 members, including active members, inactive members receiving benefits, and inactive members entitled to future benefits. The plan provides retirement, termination, disability, and death benefits based on age, years of service, and average final compensation. Details on normal retirement, early retirement, vesting schedules, disability provisions, pre-retirement death benefits, and cost of living adjustments are being reviewed. This item is under review by the City Council. The scope of work involves actuarial analysis, financial reporting, and potential adjustments to plan administration and benefits. This review could lead to opportunities for financial consultants, legal advisors specializing in pension law, and administrative support services. Engaging early in this review process allows businesses to understand the city's needs and potentially offer services before formal procurement begins.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
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