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Cassey asked if they knew what kind of restaurant would go in there, and City Manager Russo said nothing is confirmed yet but his general understanding is that Dr. Comfeld will probably install the restaurant himself and run it through the restaurant that is currently at the Newport. He knows the operation out there and he knows what type of clientele he would get, it is not official but it is certainly up to Dr. Comfeld. City Historian Schulman said a press release should be issued inviting newspapers, etc., and Cultural and Community Services Director Susan Simpson said she is working on that as well as working with DCI, the City's publicist. City Manager Russo said the bait shop will also be operated by Dr. Cornfeld. There will be the same kind of access charge which has not been determined yet but it will be lower for residents. He said Dr. Comfeld will manage the entire operation including the Pier. City Manager Russo said there are two significant events for the Pier, one is the grand opening and the other is the restaurant. Dr. Comfeld will be away the weekend of the celebration but he knew the Mayor wanted that weekend and he gave his full blessing to go forward with it. Cultural and Community Services Director Simpson said that fireworks will be off the end of the Pier and therefore people will not be allowed to go out on the Pier. Cassey Gabor asked if there was a rain date and City Manager Russo said yes, the next day, and Ms. Simpson added if the whole weekend is a washout, then it will be the following Saturday. Ms. Gabor asked if the HPB will be mentioned in the Press Release and Ms. Simpson said yes, and that they would receive an invitation. Cassey asked about the maintenance, touchup paint, etc.,and City Manager Russo said they have talked about that. Special paint has been put on it,at some point it will have to be touched up but not for several years. In ten years it will be evaluated from year to year. Shari asked if it will be put into the budget and City Manager Russo said when we get to that point and are working on a five-year budget it would be in there. Shari asked about the life expectancy on the project, and Bill Evans said yes, we have a manufacturers warranty on kit as well. Chris said the material has a longer warranty than construction. The plaque was showed to the Board and Bill Evans read it into the record: `Sunny Isles Beach Newport Fishing Pier built in 1936, designated as an historic site, January 21, 1982 by Dade County Preservation Board. Re-designated July 14, 2005 by the City of Sunny Isles Beach. Rebuilt 2012 by the City of Sunny Isles Beach and Dr. Robert Cornfeld. " 4. A Discussion regarding an Ad Valorem Taxes Incentive Program as it Relates to Historic Property. Action: Consultant Ellen J. Uguccioni reported that in 1983 there was a move to give property owners something back if their property was listed in the National Registry of Historic Places. First they had to have legislation in Tallahassee passed to allow incentives. A local ad valorem tax incentive was put into place, where the City would adopt an ordinance and property owner's taxes would not change for ten (10) years if they maintain their property as historic. She noted that the Property Appraiser's Office has two values,the appraised value, and the actual value of your home. Consultant Uguccioni explained the process if someone is anticipating having an historic property, and if they are eligible. They must go through a standard Certificate of Appropriateness application, and there is another form has to be completed by applicant that says what they are going to do. They have to photograph each and every piece. If you want an addition to your house, plans for the addition are also done at that time. It is a very Summary Minutes: 2013-0508 HPB Mte Paee 2 of 3