INTERLOCAL AGREEMENT RE TAX MONIES REBATE
INTERLOCAL AGREEMENT
TIus Interlocal Agreement is made and entered into this ~y of (f;(.L. , 200 I, by and between the
Community Redevelopment Agency of the City of Clearwater, Florida (CRA), a redevelopment agency
established pursuant to law, and the Downtown Development Board (DDB), a special district organized
and opemting pursuant to tlle ordinances and laws of the City of Clearwater.
WHEREAS, Florida Statutes 163.387 requires all taxing autllOrities to Ilk'lke an annual
appropriation in an amount equal to tlle incremental increase in the ad valorem revenue witIun the CRA
area, and
WHEREAS, tIle DDB is a taxing authority within the meaning of the statute,
WHEREAS, the City Commisison of the City of Clearwater in 1982 attempted to exempt the
DDB from tlle 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 OppOrtUlUty to create such an exemption has elapsed, and
WHEREAS, the CRA and the DDB wish to enter into an Interlocal agreement pursuant to Florida
Statues 163.01, in wluch the DDB agrees to perfonn certain responsibilities and functions consistent with
and in furthenmce of the Downtown Redevelopment Plan, in return for an amOlUlt equal to the difference
between tlle increment payment and the $43,680 the DDB pays the CRA for adnunistration.
NOW THEREFORE, in consideration of the covenants nmde by each party to the other and of the
mutual advantages to realized by the parties hereto, the DDB and the CRA agree as follows:
Section 1
September 30, 2002.
Tenn. TIle tennofthis Interlocal Agreement will be the date hereof through
Section 2. Intent. It is the intent of the parties tIk'lt the moneys paid to the CRA by the
DDB pursuant to Florida Statutes 163.387, commonly referred to as the tax increment payment, be retumed
to the DDB by the CRA the amount in excess of the $43,680 for the administmtion of the DDB. TIle
amoUllt returned to the DDB by the CRA will be in exclk'lnge for perfonnance of certain responsibilities
and functions consistent with and in furtherance of the Downtown Redevelopment Plan, by the DDB.
Section 3. Responsibilities of the DDB. TIle DDB agrees to nk1Tket, promote and assist
with business recruitment. TIle cost of said services shall not be less than the difference between the
increment and the cost of admilustmtion.
Section 4. Compensation. In retunl for the above services, the CRA shall pay to the DDB
this difference upon receiving the increment payment from the DDB.
tIJ
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Section 5. Notice. 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
Commwiity Redevelopment Agency
112 S. Osceola Avenue
Cleanvater, FL 33756
Chairperson
Downtown Development Board
P. O. Box 1225
Cleanvater, FL 33757
Section 6. Entire Agreement. Tlus document embodies the whole Agreement of the
parties. Tliere are no promises, terms, conditions or allegations other than those contained herein. Tlus
Agreement slk'lll 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 slk'lll be filed with the Clerk of the Circuit Court of Pine lias COWity after execution by
the parties, and slk'lll take effect upon the date of filing.
IN WITNESS WHEREOF, the parties hereto, or their lawful representative, have executed this
agreement as of the date first above written.
COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CLEARWATER, FLORIDA
BY:
Approved as to form:
Attest:
JJ { Akin
City Attorney
~~-,a.a.e+(lbAL
0' Cynthia. nndean .
1) City Clerk . .... .
DOWNTOWN DEVELOPMENT BOARD
BY.~
Glenn Warren, Chairperson
l~