Longboat Observer 2.27.14

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YOU. YOUR NEIGHBORS. YOUR NEIGHBORHOOD.

FREE • THURSDAY, FEBRUARY 27, 2014

HOME TOUR SEASON SPECIAL Garden Club features unique Key homes. INSIDE

LBK GENERAL ELECTION 2014 Candidates sound off

PAGES 6-7A

OUR TOWN

THE OBSERVER’S GUIDE TO THE ARTS AND SOCIETY | SPRING 2014

payment plan

DIVERSIONS

Look inside for SEASON magazine, your spring arts guide.

Lisa Fulk could teach grandma a lesson in pickling. INSIDE

by Kurt Schultheis | Managing Editor

Pension costs rise to $3.26 million Taxpayer costs for three frozen pension plans could rise from $2.76 million to $3.26 million if pension boards lower rates of return to appease Tallahassee pension officials. The Longboat Key Town Commission stopped the bleeding when it froze its three pension plans, but now it is dealing with the budget nightmare of paying off more than $27 million in unfunded liabilities. At its Feb. 18 workshop, Town Manager Dave Bullock explained

the town’s three pension boards are working to reduce the estimated rate of return for the frozen plans to a more reasonable 7% rate of return at the request of Tallahassee pension officials. “We all understand and believe that the rate of return for the frozen plans needs to be

lower than it was for the active plans,” Bullock said. “But the lower you make your rate of return, the higher the amount we have to pay back. The General Employees Retirement System Board of Trustees has already reduced that plan’s rate of return from 7.75% to 7%.

The boards of trustees for police and fire plans will meet later this week to discuss and finalize new rates of return. But lowering those rates has big budget and taxpayer implications.

SEE PENSION / PAGE 2A

SAND SHIFT

by Kurt Schultheis | Managing Editor

Commission debates federal funds for sand

+ Griffin reaches top-shelf status Longboat Key author H. Terrell Griffin can now call himself bestselling author H. Terrell Griffin. Amazon featured his 2011 thriller “Collateral Damage” as its “Daily Deal” Feb. 18 for $1.99. Late that afternoon, it climbed to No. 1 slot for Kindle’s paid bestseller list and stayed there until mid-afternoon Feb. 19.

Federal dollars would save money, but the town would have to give up control over future beach project decisions. Longboat Key’s taxpayers have paid for their beach projects for years because they’re picky about the way their coastline looks. By using two taxpayer-approved beach assessment taxing districts to pay for projects instead of using federal dollars for U.S. Army Corps of Engineers beach projects, the town gets sand onto the island at a faster pace. That process also allows the town to select the type of sand it wants. But that could change if the Longboat Key Town Commission decides it wants to use federal dollars for future beach projects. At its Feb. 18 workshop, Town Manager Dave Bullock told commissioners that he met with Corps officials at a beach conference two weeks ago to discuss the possibility of becoming eli-

Kurt Schultheis

John Wild and Richard Crawford

+ Wild: A Kiwanis man of all trades There’s only one John Wild and without him, the Kiwanis Club of Longboat Key would be lost. At the club’s Feb. 13 weekly breakfast meeting, Kiwanis Club President Richard Crawford surprised Wild when he announced during his weekly remarks that he had created a new award called the President’s Award for Wild’s service to the club. “Without all of the little things and big things this man does to keep this club moving in the right direction, this club wouldn’t keep moving forward the way it has been,” Crawford said. Club members gave Wild a round of applause.

SEE OT / PAGE 23A

SEE SAND / PAGE 2A

THE BIG KEY-SY Kelsey Grau

Tom Vitro and Gerry Sullivan donned masks for the Longboat Harbour Mardi Gras party Saturday, Feb. 22. Attendees enjoyed a dinner of gumbo, blackened chicken and bread pudding before taking over the dance floor. For more photos, see page 20A.

File photo

Federal beach projects restore sand at no extra cost if the sand is washed away from a storm.

INDEX Calendar............ 18A Classifieds......... 16B

Cops Corner....... 10A Crossword.......... 15B

Neighborhood...... 1B Opinion.................8A

Real Estate........ 12B Weather............. 15B

Vol. 36, No. 30 | Five sections YourObserver.com


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