Jacksonville Beach Pension Board Evaluates Financial Health and Policy Changes

Overview: The Jacksonville Beach Pension Board conducted a comprehensive analysis of the financial performance and policies of its pension plans during a recent meeting. The board reviewed annual expenditure reports, discussed substantial salary increases and their impact on liabilities, and considered changes to the Investment Policy Statement (IPS) that would include alternative asset classes. Key financial indicators such as the funded ratios, market value of assets, and employer contribution requirements were evaluated, with particular attention given to the performance of the portfolio against benchmarks.

Jacksonville Beach CRA Faces Budget and Redevelopment Challenges

Overview: In a recent meeting, the Jacksonville Beach Community Redevelopment Agency (CRA) tackled a series of issues centered on the fiscal year 2025 budget planning, project management, and the future of the South End Redevelopment District.

Jacksonville Beach Special Magistrate Rules on Business Violations

Overview: The Jacksonville Beach Special Magistrate recently convened to adjudicate a number of code violation cases affecting local businesses and property owners. The hearing’s most significant ruling involved Bad Bob 76 LLC, doing business as Susan Mar Hair Designers, which was found guilty of failing to comply with business tax receipt requirements. The property owner was ordered to pay all associated costs, delinquency fees, and attorney’s fees, as requested by the city. This outcome was reached after a examination of the city’s evidence and the testimony provided by the Deputy City Clerk, which detailed the business’s failure to renew its business tax receipts and the subsequent accumulation of late and delinquency fees.

Jacksonville Beach Board Grants Variance for Single Family Home Amid Community Input

Overview: In a Jacksonville Beach Board of Adjustment meeting, the board granted a variance for the construction of a new single-family dwelling on North 20th Avenue. The applicant, Ian Brown, received approval for multiple setback variances and a 57% lot coverage, which exceeds the standard 52%. The decision followed a reapplication process whereby the initial proposal for a duplex was revised to a single-family home after considering community objections related to traffic congestion, safety, and parking.

Jacksonville Beach Council Approves Emergency Sewer Repair

Overview: In a move to protect public health and infrastructure, the Jacksonville Beach City Council approved an emergency sanitary sewer repair at the intersection of 22nd Street North and 9th Avenue North. The project, which will not exceed $1,772,322, aims to address urgent concerns and prevent potential environmental issues. The repair funds will be drawn from the Wastewater reserve, thanks to excess ARPA funds.