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Home My WebLink About12-02-25 Agenda PacketFIFTY WEST OCOEE COMMUNITY REDEVELOPMENT AGENCY Ocoee Commission Chambers 1 N. Bluford Avenue Ocoee, Florida December 2, 2025 CRA REGULAR MEETING • CALL TO ORDER Roll Call and Determination of Quorum • PUBLIC COMMENTS • OLD BUSINESS • NEW BUSINESS 1. Approval of Minutes of the September 16, 2025, CRA Regular Meeting 2. Election of Officers • MISCELLANEOUS 1. Increment Revenue Update 2. Project Updates • BOARD COMMENTS •ADJOURNMENT 5:00 PM NOTICE: IN ACCORDANCE WITH FLORIDA STATUTE 286.0105: ANY PERSON WHO DESIRES TO APPEAL ANY DECISION AT THIS MEETING WILL NEED A RECORD OF THE PROCEEDINGS AND FOR THIS PURPOSE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE WHICH INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS BASED. IN ACCORDANCE WITH FLORIDA STATUTE 286.26: PERSONS WITH DISABILITIES NEEDING ASSISTANCE TO PARTICIPATE IN ANY OF THESE PROCEEDINGS SHOULD CONTACT THE OFFICE OF THE CITY CLERK, 1 N. BLUFORD AVENUE, OCOEE, FL 34761, (407) 905 -3105, 48 HOURS IN ADVANCE OF THE MEETING. Page 1 of 12 FIFTY WEST OCOEE COMMUNITY REDEVELOPMENT AGENCY Ocoee Commission Chambers 1 N. Bluford Avenue Ocoee, Florida September 16, 2025 MINUTES 5:00 PM CRA REGULAR MEETING - CALL TO ORDER Chair Kennedy called the Community Redevelopment Agency Board to order at 5:00 PM in the Commission Chambers of City Hall. Recording Clerk Justice called roll and declared a quorum present. Roll Call: Chair Kennedy, Member Johnson, Member Wilsen, Member Firstner, Member Oliver, and Member June Absent: Vice -Chair Koovakada Also Present: City Manager Shadrix, Assistant City Manager Rumer, CRA Administrator Vaca, City Attorney Geller, and Recording Clerk Justice -PUBLIC COMMENTS No speaker reservation forms were received. -OLD BUSINESS - None M1IATiTJ-.11RiIi!1 1. Approval of Minutes of the August 5, 2025, CRA Board Meeting Member Johnson, seconded by Member June, moved to approve the CRA Regular Meeting Minutes of August 5, 2025, as presented. Motion carried 6-0 with Vice -Chair Koovakada absent. CRA Administrator Vaca presented a brief overview of the proposed Fiscal Year 2025-2026 CRA Budget, including trust fund contributions, estimated revenues and expenditures, and capital expenditures. CRA Regular Meeting September 16, 2025 City Attorney Geller read the title of the resolution. A RESOLUTION OF THE OCOEE COMMUNITY REDEVELOPMENT AGENCY ADOPTING A BUDGET FOR FISCAL YEAR 2025-2026; PROVIDING FOR BUDGET ADJUSTMENTS AND THE APPROPRIATION OF FUNDS; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE. Member Oliver inquired how the budget and contributions would be affected if the Orange County Board of County Commissioners (BOCC) approves the expansion of the CRA. CRA Administrator Vaca responded to his question. Chair Kennedy asked whether the $2 million contribution threshold would be met through the expansion of the CRA boundaries. CRA Administrator Vaca responded to his inquiry. Member Oliver, seconded by Member Johnson, moved to adopt Resolution No. 2025-002 of the Ocoee Community Redevelopment Agency adopting a budget for FY 2025-2026. Motion carried 6-0 with Vice -Chair Koovakada absent. Member Johnson inquired about the transfers out associated with $10 million in capital expenditures. CRA Administrator Vaca addressed his inquiry. Discussion ensued regarding proposed expenditures and personnel expenses. 3. Economic Development Grant Agreement CRA Administrator Vaca explained that at its August 5t" meeting, the CRA Board approved Joe Daka's grant application seeking funds not to exceed $222,500 to assist with the demolition of the existing, blighted building, and elements that elevate the front and rear facades of the new building, at 1550 Maguire Road, the former BB&T bank. The new building will align more closely to Maguire Road and meet the urban design standards of nearby Target Area 1. The project will include retail and dining spaces, outdoor dining patios, and elevated landscaping. CRA Administrator Vaca presented the grant agreement, which follows the format utilized for previous grant agreements. She advised that legal counsel has reviewed the agreement, and it outlines the conditions of the grant as well as the process and requirements for the disbursement of funds. Chair Kennedy inquired about the Grant Agreement document. CRA Administrator Vaca responded to his question. Member Oliver asked about the $276,000 listed under the Grant Contributions expenditure line in the Fiscal Year 2026 Budget as it relates to this Grant Agreement. CRA Administrator Vaca responded to his inquiry. Member Firstner, seconded by Member Wilsen, moved to approve and execute the Grant Agreement with Joecoee Capital, LLC. Motion carried 6-0 with Vice -Chair Koovakada absent. 21P a 0 Page 3 of 12 CRA Regular Meeting September 16, 2025 4. Resolution Recommending Adoption of Finding of Necessity CRA Administrator Vaca recounted that at its meeting on March 5, 2024, the CRA Board made a motion to approve the Finding of Necessity (FON) and directed staff to move forward with updating the Redevelopment Plan accordingly. The FON has been updated with maps and property taxable values since it was last presented. Staff prepared Resolution 2025-003, formally recommending that the City Commission adopt the FON, which has been reviewed by legal counsel and includes a map showing the proposed expansion areas that were evaluated for conditions of slum and/or blight. Formal adoption of this Resolution is necessary to update the Redevelopment Plan; another Resolution will be presented to the City Commission at a later date. City Attorney Geller read the title of the resolution. A RESOLUTION OF THE CITY OF OCOEE COMMUNITY REDEVELOPMENT AGENCY RELATING TO COMMUNITY REDEVELOPMENT; FINDING THE EXISTENCE OF CONDITIONS IN AND ADJACENT TO THE EXISTING COMMUNITY REDEVELOPMENT AREA THAT WARRANT THE INCLUSION OF THE AFFECTED AREAS WITHIN THE REDEVELOPMENT AREA; MAKING A LEGISLATIVE FINDING THAT CONDITIONS IN THE EVALUATED AREAS MEET THE CRITERIA DESCRIBED IN SECTION 163.340(7) OR (8), FLORIDA STATUTES ("FINDING OF NECESSITY"); RECOMMENDING ADOPTION OF THE FINDING OF NECESSITY BY THE CITY COMMISSION OF THE CITY OF OCOEE, FLORIDA; MAKING FINDINGS, RECOMMENDATIONS, AND REQUESTS; PROVIDING FOR CONFLICTS, SEVERABILITY, AND AN EFFECTIVE DATE. Chair Kennedy inquired if residents and businesses other than the West Oaks Mall receive notification of the Finding of Necessity. CRA Administrator Vaca responded to his question. Member Firstner, seconded by Member Oliver, moved to adopt Resolution 2025-003 of the Ocoee Community Redevelopment Agency relating to community redevelopment. Motion carried 6-0 with Vice -Chair Koovakada absent. • MISCELLANEOUS Project Updates CRA Administrator Vaca updated the Board with the following: 1) The Wellness Park restroom punch -list walkthrough was completed this morning; a small list of touch-ups and corrections needed for final completion was compiled. Mechanical, plumbing, and electrical inspections have passed, and permanent electrical power has been completed. 310 Page 4 of 12 CRA Regular Meeting September 16, 2025 Member Willsen inquired about the locking and unlocking schedule. CRA Administrator Vaca responded to her question. Discussion ensued regarding the durability of the appurtenances. a --ley—Al V pxsielj� I ivi 1:4 z I PIPHITIM •ADJOURNMENT The meeting was adjourned at 5:24 PM Attest: F.11 u u WWI: 4 Miranda Justice, Recording Clerk Chair Page 5 of 12 FIFTY Ocoee W E S T CRA MEMORANDUM TO: Ocoee Community Redevelopment Agency Board FROM: Carolina Vaca, CRA Administrator DATE: December 02, 2025 RE: Election of Officers for FY 2025-2026 As defined in the By -Laws, the Chair and Vice Chair shall be designated annually by the Board of the CRA. The current Chair, Scott Kennedy, shall begin the meeting and request motions from the CRA Board for a new Chair and Vice Chair. The following identifies the chair and vice chair for the past seven (7) fiscal years (FY): FY 2024-25 • Chair, Scott Kennedy • Vice Chair, Philip Koovakada FY 2023-24 • Chair, Rosemary Wilsen • Vice Chair, Scott Kennedy FY 2022-23 • Chair, Rusty Johnson • Vice Chair, Rosemary Wilsen FY 2021-22 • Chair, Larry Brinson, Sr. • Vice Chair, Rusty Johnson FY 2020-21 • Chair, Randy June • Vice Chair, Larry Brinson, Sr. FY 2019-20 • Chair, Richard Firstner • Vice Chair, Randy June FY 2018-19 • Chair, Richard Firstner • Vice Chair, Todd Duncan MEMORANDUM TO: Ocoee Community Redevelopment Agency Board FROM: Carolina Vaca, CRA Administrator DATE: December 02, 2025 RE: Increment Revenue Update As stated at the FY 2025-2026 CRA Budget Meeting, the revenue numbers used to prepare the budget are only estimates. On November 05, 2025, staff received a revised Ocoee CRA Payment Calculation form from the Orange County Office of Management and Budget. The final values on the form show an increase from the estimated values provided in June, as presented below. Source Estimated Increment (Jun.) City $ 1,912,440.00 County $ 1,713,353.00 Total $3,309,598 Final Increment (Nov.) Difference (+) $ 2,014,745.05 $ 102,305.05 $ 1,803,695.00 $ 90,342.00 $3,314,115.13 $ 192,647.05 These differences appear to be the result of a change in the Gross Taxable Value in the CRA. The Value used in the County's November 5 calculations—$585,926,088—is higher than the estimated Value they provided to us back in June—$564,170,614—which we used for our budget preparation. Based on these updated values, the County calculated the 30% rebate amount to be $241,108.50. This amount is $27,102.50 more than the $214,006 we budgeted for this purpose. As a result, staff has initiated a budget transfer of $27,102.50 from GL 130-516-00-4900 Reserve for Contingency to GL 130-516-00-3129 County Contribution Rebate to cover the full rebate payment. CRA Resolution 2025-002 Adopting the FY 2025-2026 Budget stipulates that any change between estimated and final tax increment revenue should be adjusted by either increasing or decreasing contingency. Therefore, we will need to increase GL 130-516-00- 4900 Reserve for Contingency by $192,647.05. At this time, this item is for information only. When the CRA's annual audit is complete, staff will bring before the CRA Board a resolution to formally amend the budget to reflect both this revised increment revenue and the revised cash brought forward reported in the audit. The Finance department wi►► submit the City's payment of $2,014,745.05 into the Redevelopment Trust Fund this month. Once we receive Orange County's payment of $1,803,695.00, the Finance department will then mail the rebate check of $241,108.50 to the County. Attachment: FY 2026 Ocoee CRA Payment Calculation dated 10/30/25 Page 7 of 12 Payment to the Ocoee CRA from the City of Ocoee TAX YEAR 2025 Current year gross taxable value (DR 422) Base year taxable value Current year incremental taxable value Incremental value / 1,000 Current year City of Ocoee millage (1) Estimated incremental ad -valorem revenues 95% (per F.S. Chapter 163.387) Fiscal Year 2026 585,926,088 157,484,822 428,441,266 428,441 4.9500'' 2,120,784 95% Current Year CRA Payment to the Ocoee CRA from the City of Ocoee $ 2,014,745.05 (1) The source for the current year City of Ocoee millage is the Property Appraiser's website Millage Rates. Prepared by OMB 1 of 2 10/30/2025 jt Page 8 of 12 Amended Orange County / City of Ocoee / Ocoee Community Redevelopment Agency Rebate Calculation City of Ocoee Current Year CRA Tax Increment Payment Orange County Current Year CRA Tax Increment Payment Total Tax Increment Payment and Amount to be Rebated by Ocoee CRA Pro-rata Contribution Share for the City of Ocoee Pro-rata Contribution Share for Orange County Rebate Distribution to Orange County (Rebate should be paid within 60 days of receipt of increment funding) Total Rebate Fiscal Year 2026 $2,014,745.05 $1,803,695.00 $3,818,440.05 52.7636% 47.2364% $241,108.50 $241,108.50 Upon receipt of Orange County's payment as set forth in paragraph 5 (a) hereof, the City hereby agrees to rebate, or cause the CRA to rebate to Orange County each year, within sixty days of receipt of said payment, the following portion of the amount deposited by Orange County in the Community Redevelopment Trust fund established by the City pursuant to Section 163.387, Florida Statutes, for the particular year (such payment being herein referred to as the "Rebate") (1) Thirty percent (30%) of the amount in excess of $1,000,000.00 but less than or equal to $2,000,000.00, plus, (2) Fifty percent (50%) of the amount in excess of $2,000,000.00 Prepared by OMB 2 of 2 10/30/2025 jt Page 9 of 12 AMY MERCADO ORANGE COUNTY PROPERTY APPRAISER 2025 FINAL MILLAGE RATES NlDOfORL), RATE ,'6:6500' MILL CODE TOTAL 7 19.0878 8 18.0878 13 19.0878 22 18.1386 25 18.1386 26 18.1386 27 18.1386 28 18.0878 36 18.1386 71 18.0878 77 19.0878 78 18.0878 88 18.3720 89 18.3720 90 19.1243 91 19.28" 92 19.28" 93 19.1243 94 18.5321 95 18.1386 ailuwWaaaal7lim - - OCOEE RATE 4,9500, MILL CODE TOTAL 35 16.4386 65 16.3878 NDERMERE(WISIO) RATE ��7425 MILL CODE TOTAL 35 15.2311 75 15.4839 'OAKlLAND'(qAK),, RATE 6.7r00- MILL CODE TOTAL 65 18.1378 �e��EATONV!�LE (EVL) RATE 7.2938 MILL CODE TOTAL 11 18.7316 34 19.0196 13AY LAKE (BAY) RATE . ........ 2B 2. MILL CODE TOTAL 70 26.1372 �W]E13UENAVISTA; (Lp RATE Z6193- MILL CODE TOTAL 35 14.1079 70 26.5315 5.242§, T MILL CODE RATE �T?A�� , UNINC REEDY CRW TOTAL 6 16.3055 78043 MILL CODE TOTAL 70 25.7165 t!XINCORPORAT,E,)D(09,Q) RATE 4.4347, MILL CODE TOTAL 10 16.1366 11 16.0858 12 17.3358 13 16.9852 14 16.9344 15 16.3920 16 16.3412 17 16.9471 18 18.1401 19 17.5469 20 16.6608 21 17.2915 23 16.5858 24 16.1366 29 16.1366 30 16.0858 31 17.1956 32 16.0858 33 16.1063 35 16.1366 37 16.2744 38 16.7058 39 18.0858 40 16.8452 41 18.6195 42 19.4681 43 18.8749 45 17.8455 47 17.1577 53 16.1029 54 16.0858 65 16.0858 66 16.7366 67 16.6858 68 16.9894 70 25.7165 75 16.3894 82 16.7403 83 19.0858 84 17.5889 85 16.9957 88 16.3700 89 16.3700 90 17.1223 92 17.2824 93 17.1223 94 16.5301l Page 10 of 12 Computation of CRA Payment Ocoee CRA 000 1 -023-0420-8340 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 A. Current Year Taxable Value 1. OMB Estimate Percent Change 2020 Tax Roll 331,740,144 17% 2021 Tax Roll 357,346,190 1.0% 2022 Tax Roll 386,839,265s 8.1% 2023 Tax Roll 472,979,948 -3.0% 2024 Tax Roll 486,184,055 8.7% 2025 Tax Roll 574,194,345 -1.7%, 2. Prop. Appr. Best Estimate 337,474,204 360,772,423 418,232,320 458,849,083 528,704,709 564,170,614 Percent Change 3. DR 420 Percent Change 1.9% 343,978,328 0.7% -0.3% 359,559,036 0.0% 0.6% 420,697,440 0.0% 0.1 % 459,165,913 -0.5% 0.0% 528,704,709 0.1 % 0.4% 666,492,039 3.4% 4. DR 422 (1st Final Tax Roll) 346,265,688 359,516,046 420,650,968 456,939,901 529,211,378 585,926,088 Percent Change 5. Post VAB (2nd( Final Tax Roll) 0.0% 346,265,688 0.0% 359,516,046 -0.4% 419,075,389 0.0% 456,939,901 -0.1% i 528,899,771 B. Base Year Taxable Value 157,484,822 157,484,822 157,484,822 157,484,822 157,484,822 157,484,822 C. Cur Yr Incremental Taxable Val. [A - B] 1. OMB Estimate 2. Prop. Appr. Best Estimate 3. DR 420 4. DR 422 5. Post VAB 174,255,322 179,989,382 186,493,506 188,780,866 188,780,866 199,861,368 203,287,601 202,074,214 202,031,224 202,031,224 229,354,443 260,747,498 263,212,618 263,166,146 261,590,567 315,495,126 301,364,261 301,681,091 299,455,079 299,455,079 328,699,233 371,219,887 371,219,887 371,726,556 371,414,949 416,709,523 406,685,792 409,007,217 428,441,266 D. Current Year Countywide Millage 4.4347 4.4347 4.4347 4.4347 4.4347 4,4347 E. Est. Incremental Tax Rev [(C/1000)"D] 1. OMB Estimate' 2. Prop. Appr. Best Estimate 3. DR 420 4. DR 422 5. Post VAB 772,770 798,199 827,043 837,187 837,187 886,325 901,520 896,139 895,948 895,948 1,017,118 1,156,337 ` 1,167,269 1,167,063 1,160,076' 1,399,126 1,336,460 1,337,865 1,327,993 1,327,993 1,457,682 1,646,249 1,646,249 1,648,496 1,647,114 1,847,982 1,803,529 1,813,824 1,900,008 F. Amount Due to CRA [E*.95] 1. OMB Estimate 2. Prop. Appr. Best Estimate 3. DR 420 4. DR 422 5. Post VAB 734,132 758,289 785,691 795,327 795,327 842,009 856,444 851,332 851,150 851,150 966,262 1,098,520 1,108,906 1,108,710 1,102,072' 1,329,170 1,269,637 1,270,972 1,261,594 1,261,594 1,384,798 1,563,936 1,563,936 1,566,071 1,564,758 1,755,583 1,713,353 1,723,133 1,805,008 G. Adj for Prior FY Over -/Under -Payment 0 0 0 (6,638) 0 (1,313) H. Payment Due [F + G] 1. OMB Estimate Percent Change 734,132 3.3% 842,009 1.7% 966,262' 13.7% 1,322,532 -4.5% 1,384,798 12.9% 1,754,270 -2.4% . 2. Prop. Appr. Best Estimate 758,289 856,444 1,098,520 1,262,999 1,563,936 1,712,040 Percent Change 3. DR 420 Percent Change 3.6% 785,691 1.2% -0.6% 851,332 0.0% 0.9% 1,108,906 0.0% 0.1% 1,264,334 -0.7% 0.0% 1,563,936 0.1% 0.6% 1,721,820 4.8% 4. DR 422 795,327 851,150 1,108,710 1,254,956 1,566,071 1,803,695 Percent Change 5. Post VAB 0.0% 795,327 0.0% 851,150 -0.6% 1,102,072 0.0% 1,254,956 -0.1% 1,564,758 1. Budget Proposed (Workshop) Payment J. Budget Adopted (Based on DR 420) Payment 801,405 868,359 1,108,906 1,327,551 1,642,133 K. Budget Required (Per DR 422) Payment 795,327 851,150 1,108,710 1,254,956 1,566,071 L. Budget Adjustment Required [K - J] Payment M. Adjusted Current Budget [J + L] Payment N. Computation of Over -/Under -Payment Actual Paid 795,327 851,150 1,108,710 1,254,956 1,566,071 Should Pay (Based on Post VAB) 795,327 851,150 1,102,072 1,254,956 1,564,758 Amount Over-/ (Under-) Paid 0 0 6,638 0 1,313 Taxable value growth rate used for OMB est. 7.5% 3.2% 7.6% 12A% 6A% 8.5% Footnotes: Computation of CRA Payments (CRITR Trax)/Ocoee 10/29/2025 jw Page 11 of 12 DR-403CC R.06/11 ORANGE COUNTY Date Certified: 10/02/2025 SHEET NO. 81 OF 81 RECAPITULATION OF TAXES AS EXTENDED ON THE 2025 TAX ROLLS; COUNTY COMMISSION, SCHOOL BOARD, AND TAXING DISTRICTS A. B. C. D. E. 1. County Commission Levy 1. County -wide Levy 1. Operating Millage 1. Millage Subject to a Cap 1. Non -vo ted Millage 2. School Board Levy 2. Less than County -wide Levy 2. Debt Service Millage 2. Millage not Subject to a Cap 2. Voted Millage 3,Independent Special District Levy 3, Multi -County District Levying 3. Non -Ad Valorem 3. Non -Ad Valorem 3, Non -Ad Valorem 4. County Commission Levy for a Dependent County -Wide Asses was nt Rate/Basis Assessment Assessment Special District 4. Multi -County District Levying 5. MSBU/MSTU Less than County -Wide The code. listed above are intended to describe the nature of the taxing authority and the type of millage. Enter the appropriate number in each of the five code columns. Be as descriptive as possible; separately list each taxing authority in your county according to the characteristic. above. List all county commission millagea first, then, all school district millagea, all dependent special district millagea, including municipal service taxing unit millagea, and all independent special district millagea, including water management district and basin millagea. Millagee with like characteristics, i.e. voted or non -voted, county- wide or lass than county -wide, should be listed together within the above categories. Total all taxes levied. All voter approved debt payments should be specified and listed with the appropriate taxing authority or special district. Round all amounts to the neareat whole dollar. List all non -ad valorem assessments included on the tax roll.. A separate levy entry should be reported for each DR-420, DR-420S and DR-420DEBT form provided to a taxing authority. CODES NAME OF TAXING AUTHORITY, AND NATURE OF SPECIAL LEVY, IF APPLICABLE MILLAGE or Other Basis of Levy TOTAL TAXABLE VALUE TAXABLE VALUE EXCLUDED FROM TOTAL TAXES LEVIED PENALTIES UNDER S 193.072 A B C D E LEVY PURSUANT TO S 197.212 F.S. 5 2 3 3 3 STREETLIGHTS .0000 0 0 32,967.00 0.00 5 2 3 3 3 SUMMERLAKE RESERVE .0000 0 0 4,428.00 0.00 5 2 3 3 3 THOMPSON ROAD TOWNHOMES .0000 0 0 14,260.00 0.00 APOPKA CRA .0000 230,380,639 0 0.00 0.00 EATONVILLE CRA .0000 308,078,456 0 0.00 0.00 I -DRIVE CRA .0000 9,053,872,844 0 0.00 0.00 MAITLAND CRA .0000 498,013,457 0 0.00 0.00 OBT CRA .0000 410,438,048 0 0.00 0.00 OCOEE CRA I .0000 585,926,088 0 0.00 0.00 ORLANDO CRA I .0000 3,467,776,696 0 0.00 0.00 ORLANDO CRA II .0000 1,668,081,403 0 0.00 0.00 ORLANDO CRA III .0000 1,064,149,789 0 0.00 0.00 ORLANDO CRA V .0000 2,435,499 0 0.00 0.00 WINTER GARDEN CRA I .0000 261,250,670 0 0.00 0.00 WINTER GARDEN CRA II .0000 164,138,050 0 0.00 0.00 WINTER PARK CRA I .0000 1,123,968,159 0 0.00 0.00 WINTER PARK CRA II .0000 475,352,710 0 0.00 0.00 WINTER PARK CRA III .0000 312,644,931 0 0.00 0.00 CENTRAL FLORIDA TOURISM OVERSIGHT DIST 8.5836 16,900,526,033 12,817 145,067,245.16 39,272.03 CFTOD DEBT SERVICE 3.8400 16,900,526,033 12,817 64,897,970.83 17,568.92 3,769,987,955.69 2,561,807.08 Source: OC Property Appraiser website / Knowledge base / Tax Roll/Millages / 2025 Tax Roll infomation / 2025 Orange County Final Tax roll Page 12 of 12