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RESOLUTION NUMBER 96-02 FOR CRA PLAN FOR CRA AREA RESOLUTION NO. 96-02 A RESOLUTION IF TIlE CIlY OF CLEARWATER COMMUNIty REDEVELOPMENT AGENCY RECOMMENDING AN AMENDMENT TO TIlE COMMUNTIY REDEVELOPMENT PLAN FOR TIlE COMMUNITY REDEVELOPMENT AREA LOCATED IN TIlE DOWNTOWN AREA OF TIlE CIlY OF CLEARWATER; MAKING FINDINGS; PROVIDING AN EFFECITVE DATE. WHEREAS, Resolution No. 95-65 adopted by the City Commission of the City of Clearwater on August 17, 1995 established a community redevelopment plan for a certain area in the downtown area of the City of Clearwater (the "Downtown Redevelopment Plan") in full compliance with the requirements of Part m, Chapter 163, Florida Statutes (the "Redevelopment Act") for such plans; and WHEREAS, changing circumstances now require modification of said community redevelopment plan as more fully described in Exhibit A attached to this resolution; NOW, TIlEREFORE, BE IT RESOLVED BY THE CIlY OF CLEARWATER COMMUNITY REDEVELOPMENT AGENCY duly assembled this 20th day of June 1996, Section 1. Findings. Based on information presented to it. the City of Clearwater Community Redevelopment Agency (the "CRA") does hereby find: (a) The proposed redevelopment of property generally located at the northeast comer of Cleveland Street and North Myrtle Avenue with a grocery store and associated commercial and/or office uses is consistent with the overall purpose of the Downtown Redevelopment Plan and is necessary and appropriate to facilitate the proper growth and development of the community in accordance with sound planning standards and local community objectives. (b) Acquisition of the proposed redevelopment property for this purpose requires the exercise of governmental action, as provided in the Redevelopment Act, because of deterioration of the site, economic disuse, and faulty lot layout (c) Only those sections and pages of the Downtown Redevelopment Plan revised under Exhibit A are recommended to be replaced, superseded. and amended by this Resolution. (d) The proposed amendment confonns to and complies with the requirements of the Redevelopment Act (e) The Central Permitting Director of the City of Clearwater has reviewed the proposed amendment and has advised the CRA that the amendment is consistent with the Comprehensive Plan of the City of Clearwater. (t) The Local Planning Agency has recommended adoption of this resolution. Section 2. Recommendation of Adoption of Plan Amendment The proposed amendment to the Downtown Redevelopment Plan more fully descn'bed in Exhibit A is hereby recommended for adoption to the City Commission of the City of Clearwater, Florida. Section 3. Effective date. This resolution shall become effective immediately upon adoption. PASSED AND ADOPTED this 20th dayof June ,1996. Attest: Pamela K. Akin. City Attorney fjd)' M n_ 'a E. Goudeau, City Clerk (' ~/ it .1; , .. ,l'.. /) /_ /; J '.' _' .(}," ,/.1 [/ .'v (23) 1 I EXHIBIT A City of Clearwater Community Redevelopment Plan (Downtown Redevelopment Plan) AMENDMENTS ( -- ~/ ~,~-.- ~ *""" ,..' "., _"",lI \ ,.~. .... .. ~ "'~ -- ,-- ~\\ \~,\\ ...... ....,. ,i)\ \\ \ \ ,\ .....;.. \ 1'1 ...._ ~.' :~~' "',. ,~-,.,\ " --- " . . ~ ....... .' P VII - 26 CLEARW A TER DOWNTOWN PROJECTS PROJECT NAME 1996 1997 .1998 1999 2000 ,2001 2001 ,2003 2004 1005 ,2006 2007 .2008 2009 ,2010 .2011 2012 2013 20U 2015 ~?~~.~~.~~_..~~~~................ .................... .............. j...............!..... ........j..... ........ ~................~.............) ...... ..... ! ....... .. ~......... ..............~i: .............i'.i, ...............i;,;, .........._....~.:i................!,..:.................:I;................ ! ! ! . . .. ...........t............r.............t.-.-.... ~::~~av:e~ansi~~----l---+--.----+--+--t---r-..,.... ..:::.:::::J;'..:=:.i.iL,.::-::,;:!',::::::i.::'_:::--;',!:_::-:.'.i,;---:_:;!::---l::::,-:.........:...:...!;,._--:=:1:,...............-_......... _ .....-----------....-..-............................. .....-.......;.........-......t................\.................r................r......-.......1.................i.................;... , ' Bluff Mixed Use Block !.::!::: · I : : : ~ : : : : ...............------------........-....................--..... .......-......t..............h1................+.................~....._..._......i.................i.................! .......-....... t.... .... Add.;~i-c~~.~~~~i~I'............h...................-......T.............T.............T......... ~ j: . ;;: . . .. ~~-l~k~----=.::=:---;-----'--r--:-~-- ...r- ..j ..--r--[---.. r -r. ..m]._ ... t .j-- .....- ~~~~~~~~;i1i~~.-:-:..~!.. :::::::............ ..............:..-:..!.::::.:.. :'..:".. ;- ;- .. ... ...';.-:-t .... ....; ......:......~......... j .',' ..... ......', .... .:..~:~:~...:.....:.....:..... ..... ........ ...u'. ......_. ..'_. .n"~.,, ..n.... 'f ,...._......... !................ ..... ......-..... ..d........!......~...... ~ke Residential Me~_____ _.~---1--j---i-.--L---~----:t-:..L...--T---i---i--~---1--- -~--t..;-----;-..........~.--t-_\_ Drew Residential low 1 ~ . j ~ \ 1 l iii : : ; : I ~ ; : : :. .--. . --.............-.. E. Residential S. Low ...._~...._.........._.._~.._._.__.......u...h.n.......................... . . E. Residential N. low . Grocery Store Ancho~ . . . . . . . . . . . . . . . . . ..... ..._.- t...-.n........ t................ ~................ .~.. ......... ......~... ......... . i .n'. .........t.... ...........t....... ..... I . 1 l , , I i . . : ) i I . l i . , , I ! i I I .1 VII-27 CLEARWATER TAX INCREMENT PROJECTION BASE AOOmONS TO TAX ROllS 1981 1985 1990 1995 2000 2005 2010 2015 TOTAL Waterfront Park 1,440,000 2,160,000 3,600,000 Harborview Expansion 4,800,000 4,800,000 Osceola Hotel 4,800,000 4,800,000 Bluff Mixed Use Block 20,000,000 18,400,000 38,400,000 Cor~_'ientialln-fill 2,500,000 2,500,000 5,000,000 Park Lake 9,000,000 9,000,000 18,000,000 lake Residential High 5,000,000 5,000,000 10,000,000 lake Residential Medium 3,750,000 3,750,000 7,500,000 Drew Residential Low 2,000,000 2,000,000 4,000,000 Grocery Store Anchor 4,800,000 4,800,000 Entertainment East 20,000,000 20,000,000 East Residential South Low 5,000,000 5,000,000 10,000,000 East Residential Not1tt Low 1,875,000 1,875,000 3,750,000 Additional Commercial 4,000,000 8,000,000 8,000,000 20,000,000 SUBTOTAL - ADDITIONS 050% 5,520,000 33,730,000 27,762,500 10,312,500 77,325,000 DELETION FROM TAX ROLlS (8,875,000) (1,000,000) (1,000,000) BASE WITH GROWTH 31 ,349,000 26,616,000 62,760,000 92,064,000 TOTAL INCREMENT VALUATION 30,143,000 27,514,000 60,346,000 89,522,000 101,376,500 154,650,000 ~ 475,188 538,110 COUNTY INCREMENT REVENUE 48,000 160,000 146,045 320,318 CITY INCREMENT REVENUE 50,000 140,000 127,790 280,279 415,790 470,846 DOWNTOWN DEVELOPMEMENT BOARD 4,000 7,000 6,389 14,014 20,789 23,542 TOTAL TAX INCREMENT REVENUE 102,000 726,000 307,000 280,224 614,611 911,767 1,032,498 ASSUMPTION: 50% of New Projects are Built VII-29 "