INTERLOCAL AGREEMENT (3)
INTERLOCAL AGREEMENT
This Interlocal Agreement is made and entered into this ~J.<.-.- day of
~~ , 2002, by and between the Community Redevelopment Agency of the
Ity of Clearwater, Florida (CRA) , a redevelopment agency established pursuant
to law, and the Downtown Development Soard (DDS), a special district organized
and operating pursuant to the ordinances and laws of the City of Clearwater.
WHEREAS, Florida Statutes 163.387 requires all taxing authorities to
make an annual appropriation in an amount equal to the incremental increase in
the ad valorem revenue within the CRA area; and
WHEREAS, the DDS is a taxing authority within the meaning of the
statute; and
WHEREAS, the City Commission of the City of Clearwater in 1982
attempted to exempt the DDS from the obligation to make said payment to the
CRA; and
WHEREAS, such exemption was not statutorily authorized at the time the
ordinance was adopted; and
WHEREAS, the opportunity to create such an exemption has elapsed;
and
WHEREAS, the CRA and the DDS wish to enter into an Interlocal
agreement pursuant to Florida Statues 163.01, in which the DDS agrees to
perform certain responsibilities and functions consistent with and in furtherance
of the Downtown Redevelopment Plan, in return for an amount equal to the
difference between the increment payment and the $45,427 the DDS pays the
CRA for administration.
NOW THEREFORE, in consideration of the covenants made by each
party to the other and of the mutual advantages to realized by the parties hereto,
the DDS and the CRA agree as follows:
Section 1. Term. The term of this Interlocal Agreement will be the date
hereof through September 30, 2003.
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Section 2. Intent. It is the intent of the parties that the moneys paid to
the CRA by the DDB pursuant to Florida Statutes 163.387, commonly referred to
as the tax increment payment, be returned to the DDB by the CRA the amount in
excess of the $45,427 for the administration of the DDB. The amount returned to
the DDB by the CRA will be in exchange for performance of certain
responsibilities and functions consistent with and in furtherance of the Downtown
Redevelopment Plan, by the DDB.
Section 3. Responsibilities of the DDB. The DDB agrees to market,
promote and assist with business recruitment. The cost of said services shall not
be less than the difference between the increment and the cost of administration.
Section 4. Compensation. In return for the above services, the CRA
shall pay to the DDB this difference upon receiving the increment payment from
the DDB.
Section 5. Notice. Sixty (60) days notice by either party to the other
pursuant to the Interlocal Agreement shall be given in writing and hand -
delivered or mailed as follows:
Chairperson, Board of Trustees
Community Redevelopment Agency
112 S. Osceola Avenue
Clearwater, FL 33756
Chairperson
Downtown Development Board
P. O. Box 1225
Clearwater, FL 33757
Section 6. Entire Agreement. This document embodies the whole
Agreement of the parties. There are no promises, terms, conditions or
allegations other than those contained herein. This Agreement shall be binding
on the parties, their successors, assigns and legal representatives.
Section 7. Filing effective date. As required by Section 163.01(11),
Florida Statutes, the Interlocal Agreement shall be filed with the Clerk of the
Circuit Court of Pinellas County after execution by the parties, and shall take
effect upon the date of filing.
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IN WITNESS WHEREOF, the parties hereto, or their lawful representative,
have executed this agreement as of the date first above written.
Approved as to form:
COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY IF CLEARWATER, FLORIDA
BY:
Attest:
r~~r:_ Jt.. D~
Cynthia E. Gou~u
City Clerk
DOWNTOWN DEVELOPMENT BOARD
BY:~
Glenn Warren, Chairperson
~
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