City of Deltona
2345 Providence Blvd.
Deltona, FL 32725
Minutes
City Commission Workshop
Monday, June 23, 2025
5:30 PM
Deltona Commission Chambers
Meeting to start immediately following the P&Z Board Meeting.
1. CALL TO ORDER:
The meeting was called to order at 5:30 p.m. by Mayor Avila.
2. ROLL CALL – CITY CLERK:
Present:7 -
Mayor Avila
Vice Mayor Heriot
Commissioner Avila-Vazquez
Commissioner Colwell
Commissioner Howington
Commissioner Lulli
Commissioner Santiago
3. PLEDGE TO THE FLAG:
4. BUSINESS:
5. PUBLIC COMMENTS: (2 minutes maximum length per speaker)
A.
FY2025 - 2026 Budget Discussions (Debt Issuance & Special
Assessments)
The FInance Director introduced Mr. Jeremy Niedfeldt with Public Financial Management
Group (PFM) who gave a brief PowerPoint Presentation on the debt process overview.
The Finance Director spoke about capital leases, bank loans, bonded debt, tax
components, federal or state funding, market analysis and issuance of debt.
The Commission, the City Manager, Mr. Niedfeldt and staff discussed the $205 million on
the 5 Year Plan, the outstanding balance and the CIP (Capital Improvement Plan),
guaranteed grants, the City credit rating, bond issuance, the treasury curve 30-40 basis
points, high yield trades and city government trades, current debt, stormwater special
assessment note, CIP note, FRS note, taxable utility bonds, no issuance of new debt,
alternative funding to reduce debt, working with the grant consultant, partial implementation
of projects, fund balance, studies incurring new debt, main debt related to
water/wastewater, issuing debt in advance, notice to proceed, debt already issued,