AGREEMENT RE DOWNTOWN REDEVELOPMENT PLAN
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INTERLOCAL AGREEMENT
This Interlocal Agreement is made and entered into this ~ day of )lArle.. ,1997, by and
between the Community Redevelopment Agency (CRA) of the City of Clearwater, Florida, 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 Statues 163.387 requires all taxing authorities to make an annual
appropriation in an amount equal to the incremental increase in ad valorem revenue within the CRA area,
and
WHEREAS, the DDS is a taxing authority within the meaning of the statute,
WHEREAS, the City Commission of the City Clearwater in 1982 attempted to exempt the DDS
from the obligation to make said payment to the CRA, and
and
WHEREAS, such exemption was not statutorily authorized at the time the ordinance was adopted,
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
Statutes 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 incremental
payment made by the DDS to the CRA.
NOW THEREFORE, in consideration of the covenants made by each party to the other and of the
mutual advantages to be realized by the parties hereto, the DDS and the CRA agree as follows:
Section 1.
December 31,1997.
Term. The term of this interlocal agreement will be the date hereof through
Section 2. Intent. It is the intent of the parties that the moneys paid to the CRA by the DDS
pursuant to Florida Statutes 163.387, commonly referred to as the tax increment payment, be returned to
the DDS by the CRA in exchange for performance of certain responsibilities and functions consistent with
and in furtherance of the Downtown Redevelopment Plan, by the DDS.
Section 3. Responsibilities of the DDS. The DDS agrees to provide Pinellas Trail grand
opening initiatives, retail recruitment, beautification/clean-up, and the monthly publication of the "Right
Downtown" newspaper. The cost of said services shall be not less than $22,471.66.
Section 4. Compensation. In return for the above services, the CRA shall pay to the DDS
$22,471.66 to be paid within 10 working days after execution of this agreement.
Section 5. Notice. Notice by either party to the other pursuant to this Interlocal Agreement
shall be given in writing and hand-delivered or mailed as follows:
Chairperson. Soard of Trustees
Community Redevelopment Agency
P.O. Sox 4748
Clearwater, FL 34618
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Chairperson
Downtown Development Board
P.O. Box 1225
Clearwater, FL 34617
Section 6. Entire Aqreement. 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. Filinq Effective Date. As required by Section 163.01(11), Florida Statutes, this
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.
IN WITNESS WHEREOF, the parties hereto, or their lawful representatives, have executed this
agreement as of the date first above written.
COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CLE WATER, FLORIDA
Chairperson, Board of Tr s
Rita Garvey
BY:
71; ~!~ form
Pamela K. Akin
City Attorney
ATTEST:
DOWNTOWN DEVELOPME!>'])30ARD
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