AMENDMENT TO INTERLOCAL AGREEMENT RE COMPENSATION & TERM
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AMENDEMENTTOINTERLOCALAGREEMENT
THIS AMENDMENT, entered into this I ~ *'-- day of 'tw L.R..rr/\.b.v-. , 1999, by
and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER,
FLORIDA, a Florida redevelopment agency, hereinafter referred to as ''the CRA," and the
DOWNTOWN DEVELOPMENT BOARD, a special district organized and operating pursuant to the
ordinances and laws of the City of Clearwater, herein called ''the DDB."
WHEREAS, the CRA and the DDB had previously entered into an Inter10cal Agreement on .
April 1 , 1999, in which the term of said Agreement would be for one year commencing April 15, 1999 '
and ending April 15, 2000; and
WHEREAS, the CRA and the DDB are in joint agreement that the existing agreement shall
remain in effect until September 30, 1999 and shall extend that Agreement to September 30, 2000
under the terms described herein.
1. ComDensation. As compensation for services from April 15, 1999 to September
30, 1999 as specified in the Interlocal Agreement dated April 1, 1999 the DDB paid
$24,660.55 to the CRA. The costs incurred during this five and a half-month period
is $19,250 leaving a balance of $5,410.55 for compensation to the CRA for the
remaining term. Beginning October 1, 1999 the DDB shall pay the CRA $39,755.00
for Personnel and Administration. The compensation shall be deducted from the tax
increment payment paid by the DDB to the CRA. The tax increment payment is to
be paid in a lump sum by December 31, 1999. Once the tax increment funds are
exhausted, the compensation shall be paid from the DDB funds budgeted for that
purpose.
The DDB shall no longer reimburse the CRA for office expenses and agree that they
shall be responsible for their office expenses.
2. Term. The term shall be extended to September 30, 2000.
3. All other terms and conditions shall remain in full force and effect.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
set forth above.
COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CLEARWATER, FLORIDA
By: ~}-~
Brian J. Aungf' '
Chairperson
Appro ed as to form:
Attest:
DOWNTOWN DEVELOPMENT BOARD
BY:~
Chairperson, Glenn Warren
s:\Agreements\DDB agreement