A major focus of the meeting was the city’s economic performance and investment management, with a detailed presentation from the finance director and an advisor from Public Trust Advisors. They provided an overview of the city’s investment strategy and economic conditions. The presentation revealed that the book yield of the city’s investment portfolio saw an increase of approximately 1% from 2023 to 2024, despite a broader decline in market yields. The council was informed that about one-third of the portfolio had been reinvested over the past year, with rates captured between 3.5% and 5%. The representative emphasized the stability of the investment program and highlighted Cocoa’s managed assets of approximately $185 million, noting this as a robust figure for a city with a population of 20,000.

Through this financial lens, the council engaged in discussions on how Cocoa’s financial standing compared to other cities of similar size, noting that increased balances were a statewide trend attributed to rising property values and a strong economy. The collaboration between the city’s finance department and the investment management team was acknowledged as a key factor in increasing interest earnings, with the representative stating, “this collaboration really has allowed that and the city’s benefited from that.”

In addressing community infrastructure, the council discussed the Pine Causeway Phase Two water main design project, an initiative spurred by vulnerabilities highlighted during a previous hurricane. This extensive project involves a 16-inch water main extension spanning five miles, with funding sourced from federal and state grants totaling approximately $1.335 million. Council members expressed support for the project, recognizing its significance in enhancing the resilience of the city’s water supply infrastructure. The city manager detailed the project’s history and noted that the design phase was underway, positioning the city favorably for future grants to fund construction.

Public comments brought to light community concerns, notably the absence of a crosswalk in front of a local park on Northeast Boulevard. A young resident, Janala Smith, bravely addressed the council, explaining the safety risks posed to pedestrians, particularly children, due to the lack of a crosswalk. Her concerns were met with appreciation from council members, who commended her initiative and suggested that the city manager explore the possibility of installing a crosswalk.

The topic of homelessness and public camping regulations also received attention, with discussions centered on compliance with House Bill 1365. The council recognized the challenges posed by this legislation, which prohibits camping in public spaces, and acknowledged the need for cooperation with the county to establish approved encampments. Law enforcement actions in Cocoa Village were noted, with regular patrols ensuring compliance and offering warnings before taking further action. The council underscored the importance of open dialogue with citizens to address these issues.

Another point of discussion was the city’s legislative priorities for the upcoming year. The city manager presented a consolidated list of 11 priority areas, unchanged from the previous year, which will guide the council’s lobbying efforts.

Community development was exemplified by the grand opening of the Framework Group apartments on Route 524, a project seen as a step in revitalizing the area. Additionally, the construction of 32 new homes on Thomas Lane and individual efforts by homeowners to build residences in the Diamond Square area were highlighted, contributing to the community’s growth.