RESOLUTION NUMBER 96-01 FOR WINN DIXIETO DEVELOP A STORE IN DOWNTOWN CLEARWATER
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RESOLUTION NO. 96-01
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA, AGREEING IN
CONCEPT TO INITIATE AN AMENDMENT TO THE
DOWNTOWN PLAN AND APPROVING IN
CONCEPT A PLAN TO FACILITATE THE
DEVELOPMENT OF A WINN-DIXIE GROCERY
STORE IN A DOWNTOWN CLEARWATER
LOCATION; PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Clearwater Neighborhood Housing Services,
Incorporated (CNHS) is working with Winn-Dixie to develop a grocery store in a
location in Downtown Clearwater; and,
WHEREAS, CNHS has asked the Community Redevelopment Agency to
lend the project the $900,000 at an interest rate of 3% over 20 years; and
WHEREAS, the CRA intends to borrow up to $900,000 from the City of
Clearwater at the current cash pool rate of 6% and pay down the interest with
the tax increment generated by the improvements in the Downtown
Redevelopment District from the store; and
WHEREAS, the Downtown Plan would require an amendment to include a
grocery store at the location; and,
WHEREAS, the Winn-Dixie project will benefit the Downtown
Redevelopment District by improving the property, generating or retaining over
200 jobs and provide convenient, accessible shopping to support the residential
areas within the CRA and surrounding areas; now, therefore,
BE IT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA:
Section 1. The Community Redevelopment Agency of the City of
Clearwater, Florida hereby states its intention to initiate an amendment to the
Downtown Plan to include a grocery store at a Downtown Clearwater location.
When the plan is amended and if all the financing and conditions are in place as
outlined by Winn-Dixie and CNHS, the CRA intends to borrow up to $900,000
from the City of Clearwater at 6% interest for 20 years and to lend to CNHS
$900,000 at 3% interest over 20 years for the construction of a Winn-Dixie
grocery store in Downtown Clearwater.
Resolution No. 96-01
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Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this & ~ day of June, 1996.
Approved as to form
and ~e9J1 sufficiency:
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Pamela K. Akl ,City Attorney
Attest:
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hia E. Goudeau, Cjty Clerk
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Resolution No. 96-01