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A are recommended to be replaced, superseded.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
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EXHIBIT A
City of Clearwater
Community Redevelopment Plan
(Downtown Redevelopment Plan)
AMENDMENTS
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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
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Bluff Mixed Use Block !.::!::: · I : : : ~ : : : :
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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
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