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09/15/2008 COMMUNITY REDEVELOPMENT AGENCY AGENDA Location: Council Chambers - City Hall Date: 9/15/2008- 1 :30 PM 1. Call to Order 2. Approval of Minutes 2.1 Approve the minutes of the September 2 2008 CRA meeting as submitted in written summation by the City Clerk. ~ Attachments 3. CRA Items 3.1 Approve the Interloca1 Agreement with the Downtown Development Board (DDB) to provide personnel, administrative and management responsibilities during Fiscal Year 2008-09 in the amount of $57,480 and refund the difference between the CRA tax increment fee of $148,146 and the management fee of $57,480. ~ Attachments 4. Other Business 5. Adjourn Meeting Date:9/15/2008 Community Redevelopment Agency Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Approve the minutes of the September 2 2008 CRA meeting as submitted in written summation by the City Clerk. SUMMARY: Review Approval: 1) Clerk Cover Memo Item # 1 Attachment number 1 Page 1 of 3 COMMUNITY REDEVELOPMENT AGENCY MEETING MINUTES CITY OF CLEARWATER September 2, 2008 Present: Chair/CRA Trustee CRA Trustee CRA Trustee CRA Trustee CRA Trustee City Manager Assistant City Manager Assistant City Manager/CRA Executive Director City Attorney City Clerk Management Analyst ems are in agenda order although not unity Redevelopment ten summation by the unanimously. 3 - CRA Items 3.1. Ado t re ort entitled "Cleveland St ERNDowntownWorks for the Clearwater recommendations contained therein. Pursuant to CRA (Community Redevelopm gency) RFB 08, a contract was awarded March 17, 2008, to Econ ic Rese Works of Washington, D.C. for Retail Recruitment and Marke . Street District in Downtown Clearwater. The objective of th enhance the existing retail base within the Cleveland Street The contract delineates the following services to be provided by th Develop a Strategy for Retail Recruitment and Repopulation of the retail Cleveland Street District, consistent with the "Cafe Society" vision and m Develop a marketing and leasing plan to implement the retail strategy; an counsel the CRA with retail contacts and negotiations with property owners/ Community Redevelopment Agency 2008-09-02 1 Item # 1 Attachment number 1 Page 2 of 3 These services are intended to support the overall strategy for downtown revitalization, which is: 1) implement infrastructure improvements; 2) attract residential development; and 3) create a "destination." The contract marks the next step in the CRA's program for downtown revitalization, which to-date has included the Downtown Market Study, Fagade Design Analysis creating the "Cafe ," revised Fagade Improvement Program and Sidewalk Furniture Grant Program, nd Street branding. ER Activities Mana Boa r mpleted a draft report, addressing Item 1 of their engagement. Iso underway, in conjunction with the CRA Downtown port at the August 18th CRA meeting in order to receive e discussion draft to assure that the final document Staff has incorporated the results of the discussion into a n. Staff recommends Board adoption of the Report. sed to pay for the retail study. No ad valorem taxes Amendments to nues of the opera!' (Tax Increment Finan ceived for FY (Fiscal Protection Agency) Bro lelds loan of $350,000 to the CRA Site as well as the small increase in Oth come asso to the Cleveland Street grand opening ndments recognize miscellaneous expenditure the Cleveland Street District activities, an Loan project. In addition, amend the Clearwater Auto Site to Cleveland Stre Projects Fund is for the period ending Jul Trustee Cretekos moved to adopt final bud Redevelopment Agency for Fiscal Year 2007/08. unanimously. 3.3. A rove the FY 2008-09 Communit Resolution 08-01. Major changes in FY2008/09 budget: 1) Tax Increment Revenues d by $186,208 due to 5% reduction in assessed values; 2) Operating expendi creased overall by $11,969; 3) Miscellaneous increases to various operating line items d 'nly to increased activities planned in Cleveland Street District for FY2008/09; 4) Transfers arious project codes listed as designated by CRA 6-Year Plan. The $962,644 of Restricte unty TIF funds will be transferred to projects: 1) $462,644 to Cleveland Streetscape II and 2) $500,000 to Community Redevelopment Agency 2008-09-02 2 Item # 1 Attachment number 1 Page 3 of 3 Downtown Boat Slips. The proposed FY 2008/09 Agency budget is consistent with the 6-Year Financial Plan for the CRA. In response to questions, CRA Executive Director Rod Irwin said the 2-year $500,000 advance for the Ro Theatre will be a loan from the central insurance fund and be paid back as funds are ava' se funds have not been committed. The monies used are not from the general fu 'cated tax collection that can only be used in the CRA. Economic Developme Geri Campos Lopez said the $173,487 entry is the remaining city porti inancing) and will go towards funding the $4 million project. requested that dis hase 2 is underway. n be held regarding lessons learned from Phase 1 before e the FY 2008/09 Community Redevelopment Agency and carried unanimously. 4 - Other Business - No Retail Study tant fee. The fee includes how CRA funding works. 5 - Adjourn The meeting adjourned at 1 :46 Attest: City Clerk Community Redevelopment Agency 2008-09-02 3 Item # 1 Meeting Date:9/15/2008 Community Redevelopment Agency Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Approve the Interlocal Agreement with the Downtown Development Board (DDB) to provide personnel, administrative and management responsibilities during Fiscal Year 2008-09 in the amount of $57,480 and refund the difference between the CRA tax increment fee of $148,146 and the management fee of $57,480. SUMMARY: Florida Statutes 163.387 requires all taxing authorities, which includes the DDB, to make an annual appropriation in an amount equal to the incremental increase in the ad valorem revenue within the CRA area. The DDB's increment payment is $148,146 according to the Pinellas County Property Appraiser's office. In a spirit of cooperation to further the downtown redevelopment plan, the CRA Trustees executed the first Interlocal Agreement in FY 1999-2000 to provide personnel, administrative and management responsibilities to the DDB and to refund the difference between the increment payment and the management fee. This is the ninth fiscal year that the CRA would enter into the agreement. Pursuant to Florida Statute 163.01, the CRA and DDB can enter into this agreement in which the DDB agrees to perform certain responsibilities and functions including funding projects and programs consistent with and in furtherance of the downtown redevelopment plan. The intent of this agreement is for the DDB and the CRA to work collaboratively on projects and programs that further downtown goals and objectives. This year, downtown retail and restaurant recruitment programs and downtown events are the focus for the CRA and the DDB collaboration. The management of the DDB by CRA staff enables the CRA and the DDB to utilize the public dollars more efficiently and provide support to the Main Street Program. The agreement also outlines the DDB's commitment to financially support the construction debt service, operation and maintenance of the boat slips, docks, boardwalk, promenade and related facilities proposed to be constructed on the Downtown Waterfront. The DDB made its first contribution of $50,000 in April 2007 and its second contribution in April 2008. The intent of the DDB is to contribute up to $50,000 a year for 10 years for a total not to exceed $500,000. The DDB shall pay the CRA $57,480 for the services agreed to in the Interlocal Agreement. The compensation shall be deducted from the tax increment payment of $148,146. The DDB approved the Interlocal Agreement at their meeting on September 3,2008. Type: Current Year Budget?: Other None Budget Adjustment: None Budget Adjustment Comments: Current Year Cost: Not to Exceed: For Fiscal Year: o Annual Operating Cost: Total Cost: o to Review Approval: 1) Office of Management and Budget 2) Legal 3) Clerk 4) Assistant City Manager 5) Clerk 6) City Manager 7) Clerk Cover Memo Item # 2 Attachment number 1 Page 1 of 5 INTERLOCAL AGREEMENT This Interlocal Agreement is made and entered into this day of , 2008, 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 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 DDB is a taxing authority within the meaning of the statute; and WHEREAS, the CRA and the DDB in the spirit of cooperation desire to offer the downtown constituents the opportunity to utilize more efficiently the public dollars collected for each entity; and WHEREAS, the CRA and the DDB have a special obligation to ensure wise and sound administration of the programs, including the Main Street Program; and WHEREAS, the CRA and the DDB desire to enter into an Interlocal Agreement outlining the scope of services and responsibilities of the parties; and WHEREAS, the DDB desires to financially support the construction debt service, operation, and maintenance of the boat slips, docks, boardwalk, promenade and related facilities proposed to be constructed in the Downtown Waterfront ("Proposed Facilities"); and WHEREAS, the CRA and the DDB wish to enter into an Interlocal Agreement pursuant to Florida Statutes 163.01, in order to provide for the DDB's contribution to the Proposed Facilities; and WHEREAS, the CRA and the DDB wish to enter into an Interlocal Agreement pursuant to Florida Statues 163.01, in which the DDB 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 of $148,146 and the $57,480 the DDB pays the CRA for administration. 1 2008,09 CRA/DDB Interlocal Agrd~ # 2 Attachment number 1 Page 2 of 5 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 October 1, 2008 through September 30,2009. 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 used to advance the goals and objectives of the Downtown Redevelopment Plan. The CRA shall retain $57,480 to offset the cost of administration of the DDS as further described herein. The remaining money shall 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. Further, with the approval of the Proposed Facility by the voters at referendum, it is the intent of the DDS to provide for a contribution over 10 years in an amount not to exceed $500,000, to the cost of construction debt service, operation, and maintenance of the Proposed Facility. Section 3. Responsibilities of the DDS. 1. Function: a. Collaborate with the CRA on projects and programs, which succeed in bringing businesses and residents into the downtown district b. Focus on business and enterprise development, job creation and initiatives related to increasing income and employment opportunities c. Encourage public-private partnerships to promote business relocation and expansion d. Market, promote and assist with business recruitment e. Interact with constituents and facilitate activities that sustain, promote and advance downtown revitalization f. Se active in the administration of downtown initiatives g. Se actively involved with the Main Street program activities and financially support the Main Street Program; the cost of which shall not be less than the difference between the tax increment payment and the cost of administration h. Develop short and long term strategies, define roles and assign responsibilities to implement those strategies 2 2008,09 CRA/DDB Interlocal Agrd~ # 2 Attachment number 1 Page 3 of 5 Section 4. Responsibilities of the CRA. 1. Scope of Duties. The services that the CRA will provide are: a. Prepare correspondence for DDB members b. All DDB funds will be kept in the City's bank account and will be segregated for accounting purposes in the City's records as a separated, interest-earning fund c. Assist with preparation and monitoring of the annual budget and prepare amendments as necessary d. Prepare monthly financial reports e. Assure that the annual audit is conducted in compliance with State of Florida Auditor General f. Prepare agendas and distribute packets to DDB members prior to each meeting g. Prepare meeting notices for monthly and special DDB meetings h. Attend meetings and supervise work of Board Reporter who records and transcribes minutes I. Coordinate the annual election process in cooperation with the Pinellas County Supervisor of Elections J. Handle all phone inquires and follow up on the calls k. Handle any special mailing notices I. Comply with State of Florida Tax Increment Millage Compliance with Chapter 200, Florida Statutes, Sections 218.23, 218.63, Florida Statutes (TRIM) m. Serve as coordinator for the DDB special activities n. Administer the Retail and Restaurant Recruitment Grant, Fagade Improvement and the Sidewalk Cafe Furniture Grant programs o. Assist in looking into other incentive options to improve downtown properties and implement projects funded or initiated by the Board p. Assist with promoting design related- programs to the downtown community q. Comply with the Florida Department of State Information Services Records Disposition Act r. Comply with the State of Florida Department of Community Affairs Special District Information Program s. Comply with the State of Florida Department of Insurance Treasurer's Public Depositor Annual Report 1. Coordinate financial disclosure requirements of the State of Florida Commission on Ethics u. Act as a Liaison to the Pinellas County Property Appraiser, Pinellas County Tax Collector, and DDB legal council: Elise K. Winters, P.A. 3 2008,09 CRA/DDB Interlocal Agrd~ # 2 Attachment number 1 Page 4 of 5 v. Manage loans, contracts and all applicable documents w. Coordinate field trips and travel arrangements in accordance with the City of Clearwater Travel and Meals Policy x. Other administrative duties as mutually agreed Section 5. Compensation. In return for the above services, the CRA shall pay to the DDB this difference upon receiving the increment payment from the DDB. The budget for the CRA for services listed in Section 4 above shall be as follows: Personnel and Administration $57,480 Section 6. Contribution by DDB. The DDB shall contribute $50,000 toward the cost of construction debt service, operation, and maintenance of the Proposed Facilities. Said payment shall be made upon request of and at the direction of the CRA. It is the intent of the parties that the DDB shall contribute up to $50,000 a year for 10 years for a total not to exceed $500,000, subject to annual approval of future agreements. DDB made the first payment of $50,000 in April 2007 and the second payment of $50,000 in April 2008. It is the belief of the parties that the Proposed Facilities will become self-supporting and the intent of the parties that the annual contribution will be made only to the extent that the income from the Proposed Facilities during the applicable year is insufficient to cover the cost of the Proposed Facilities during the applicable year. Section 7. Notice. Any 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, Florida 33756 Chairperson Downtown Development Board Post Office Box 4748 Clearwater, Florida 33758-4748 Section 8. 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 9. Filinq 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. 4 2008,09 CRA/DDB Interlocal Agrd~ # 2 Attachment number 1 Page 5 of 5 IN WITNESS WHEREOF, the parties hereto, or their lawful representative, have executed this agreement as the date first above written. COMMUNITY REDEVELOPMENT AGENCY BY: Chairperson, Board of Trustees Frank Hibbard Approved as to form: Attest: Pamela K. Akin City Attorney Cynthia E. Goudeau City Clerk DOWNTOWN DEVELOPMENT BOARD BY: David Allbritton, Chairperson 5 2008,09 CRA/DDB Interlocal Agrd~ # 2