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RESOLUTION NUMBER 96-48 FOR COMMISSION AMENDING COMMUNITY DEVELOPMENT PLAN ~ . ~I " RESOLUTION NO. 96-48 .1 " A RESOLUTION OF THE CITY OF CLEARWATER CITY COMMISSION AMENDING THE COMMUNITY REDEVELOPMENT PLAN FOR THE COMMUNITY REDEVELOPMENT AREA LOCATED IN THE DOWNTOWN AREA OF THE CITY OF CLEARWATER; MAKING FINDINGS; PROVIDING AN EFFECTIVE 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 III, 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, THEREFORE, BE IT RESOLVED BY THE CITY OF CLEARWATER CITY COMMISSION duly assembled this 18th day of July 1996, Section 1. Findings. Based on information presented to it, the City of Clearwater City Commission 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) The Local Planning Agency and Community Redevelopment Agency have recommended approval of the proposed amendment to the Downtown Redevelopment Plan. (d) The proposed amendment conforms to and complies with the requirements of the Redevelopment Act. In particular, the amendment: -Displaces no families or other residents; -Conforms to the Comprehensive Plan of the City of Clearwater; -Does not create the need for additional parks and recreational facilities; no inadequacies for such parks and recreational facilities now exist or are anticipated to exist in the future in the area; and -Establishes an opportunity for private redevelopment of the area through the provision of support services for the residential development anticipated in the Downtown Redevelopment Plan as well as creating an opportunity for a public/private partnership that will result in the largely private provision of an urban grocery store and associated retail facilities, , (, (' RESOLUTION NO. 96-48 PAGE 1 -'--~;r r :J.! -C) /'D - () I (?,lj 11~1 Section 2. Extent of Plan Amendment. Only those sections and pages of the Downtown Redevelopment Plan revised under Exhibit A are to be replaced, superseded, and amended by this Resolution. Section 3. Adoption of Plan Amendment. The proposed amendment to the Downtown Redevelopment Plan more fully described in Exhibit A is hereby adopted by the City Commission of the City of Clearwater, Florida. Section 4. Effective date. This resolution shall become effective immediately upon adoption. PASSED AND ADOPTED this 18th day of July ,1996. ::k Rita Garvey, Mayor City of Clearwater A~/J as to fonn and legal sufficiency: Pamela K. Akin City Attorney Attest: Cy hia E. Goudeau City Clerk RESOLUTION NO, 96-48 PAGE 2 " ". < .. ~-- ..- .. ClEARWATER PROJECT SUMMARY Total Residential 1996 to 2001 to 2006 to 2011 to Estimated Zone 'ed. Pro'ed Name Actor Acrea e Units 2000 2005 2010 2015 Value A 1 Waterfront part( City 45 45,000 S 1,440,000 S 2.160,000 $ 3,600,000 . A 2 Hatborview Expansion City 3 60,000 $ 4,800,000 $ 4,800,000 B 3 Osceola Hotel Private Developer 2 80,000 S 4,800,000 S 4,800,000 B 4 Bluff Mixed Use Block Private Developer 6 -480,000 S 20,000,000 S 18,400,000 S 38,.coo,ooo B 5 Core ResldentIaIln-f1ll Private Developer 3 100 S 2.500,000 S 2,500,000 $ 5,000.000 C 6 City Public Quad CIty 8.5 $ C 7 County Complex City 5.2 $ 0 8 Pm L.ake City 32 $ 0 8 Park L.ake Center Private Developer 10 150,000 120 $ 9,000,000 $ 9,000,000 $ 18,000,000 0 10 Lake Residential High Private Developer 5 200 $ 5,000,000 $ 5,000,000 $ 10,000,000 ~ -- 0 11 Lake Residential Medium 10.5 150 $ 3,750,000 $ 3,750,000 $ 7,500,000 I Private Developer 0 12A Drew Residential Low Private Developer 10.8 80 S 2,000,000 $ 2,000,000 $ 4,000,000 0 12B Grocery Stont AnchOr Public'Prlvate Partnership 5.6 48,000 S 4,800,000 $ 4,800,000 ~ e 13 MissoutlIGreenwood DOT/County 4.5 S 2O,ooo,~ t e 14 Entertainment East Private Developer 16.8 250,000 S 20,000,000 S .... 200 $ 5,000,000 S 5.000.000 S 10,000,000 I e 15 East Residential South Low Private Developer -.20 1. e 16 East Residential North Low Private Developer 14 75 'I! S 1,875,000 $ 1,875,000 $ 3,750,000 Additional Commercia' Private Developer 200,000 S 4,000,000 $ 4,000,000 S 8,000,000 S 16,000.000 TOTALS: 202 1,293,000 925 $ 11,040,000 $ 67,460,000 $ 51,525,000 S 20,625,000 $ 150,650,000 1 - . \ Assumptions: CommercIal Valuation G S80 per Square Foot; and. Residential Valuation G $50,000 per unit ~ i \ -- -- . CLEARWATER DOWNTOWN PROJECTS 1996 1997 1991 1999 '1000 7001 2002 1003 1CCM 2005 2006 2007 2008 70CW 2010 201' 20" 2013 2014 201S ~~~erfront Park ____ _'. t -f-~-~'--:-+--'-'.l' ..---.. ._.J.__1.._.LL__U_._-~. ...--J._.-1..-1- :::v:. &pansion _- ~-t-t-t-t-~---I---j----I-J~----! _1__ --1- - --- t=t:J:::t::t:J--i- L_ -- ----+-- _L :: ~:-'--~=---r-- :-~-L_ i'--=t~1~-r--I-I--J~=t~--lrJ - -I --1:1::- [;;;;"-llesid;;tioIHi;;..--- ---.-1--1--1-- ___I. -'~--l- 1----1-- j-- -~ -. -! --J- i ' ; L.;1te Residentiol ~-.- --l- ---I -- ___J,...... ..-..-... -"-"i'-~"--fl"-"II---':-"-"''''11 .__.~.. -j._._.-~.f i I I. 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