06-17-2002
Agenda/eRA
6-17-02
Community Redevelopment Agency (CRA)
June 17,2002
1. Call to Order
2. Approval of Minutes: 04/01/02
3. Approve mid year amendments to FY2002 CRA budget, authorize the transfer of
monies between CRA project funds and authorize the appropriation of the entire
unused balance of the CRA Trust Fund budget for FY2002 that is remaining at year
end (September 30, 2002) to the Downtown Redevelopment Project Fund.
4. Approve Assignment to Development Agreement between Community
Redevelopment Agency of the City of Clearwater and the Balk Company, Inc. to
Mediterranean Village, L.L.C.
5. Appointment 2 Ex-officio members to the Downtown Development Board (DDB).
6. Appointment of Liaison to the Main Street Joint Venture Committee.
7. Executive Director (Assistant City Manager) Verbal Reports
8. Other Business
9. Adjourn
Community Redevelopment
Agency
Agenda Cover Memorandum
Worksession Item #:
~
Final Agenda Item #
Meeting Date:
June 20. 2002
SUBJECT/RECOMMENDATION:
Approve the mid year amendments to FY2002 CRA budget, authorize the transfer of monies between CRA
project funds and authorize the appropriation of the entire unused balance of the CRA Trust Fund budget for
FY2002 that is remaining at year end (September 30, 2002) to the Downtown Redevelopment Project Fund.
o and that the appropriate officials be authorized to execute same.
SUMMARY:
· At mid year, the CRA budget reflects several amendments:
o Tax Increment Revenues increased by $76,513.
o Professional Services line item decreased $30,000. That amount is being moved to the
Mediterranean Village Project Transfer Out line item to cover the CRA's portion of the URS
Corporation contract approved by the CRA on April 1, 2002.
o Electric-Utilities line item increased $120 to offset electric power costs associated with the Farmer's
Market at their new location on Pierce Street.
o Principal and Interest line items increased $112,600 and $62,500 respectively for payments on the
Dimmitt property loan balance. It was anticipated that the loan would be paid in full upon the sale of
the property to The Salk Company, Inc in FY01 and, therefore, was not budgeted in the CRA's FY02
budget. The property is being sold in phases to coincide with the construction of each phase of the
Mediterranean Village Project. The CRA will continue to make principal and interest payments on the
loan until all the property is sold. As the closing of each phase of the property occurs, the proceeds
will be applied to the loan balance. The sale of Phase I property closed on May 24, 2002 in the
amount of $285,710. Phase II and III are estimated to close April 2003 and April 2004.
o Payments to other Agencies-DDS line item increased $5,451 to match the increase in DDB Tax
Increment Revenues of $5,451.
o Building & Maintenance Variable line item increased $1,350 to cover expenses for work done in the
CRA office area.
o Economic Development Incentive Fund line item decreased by $105,508 to offset the increases in the
line items outlined above not covered by the increase in revenues.
o Mediterranean Village Project Fund line item increased $30,000 (money moved from Professional
Services line item referenced above).
Originating Cept:
Economic Developm
User Dept.
Economic Development
Attachments
eRA Mid Year Budget Proposal
Costs
NA
Total
Reviewed by:
Legal NA Info Tech NA
- -
Budget , --^-,V Public Works NA
Purchasing lNA DCM/ACM
Risk Mgmt NA Other NA
Funding Source:
COpllolllTllrovemenl
Current Fiscal Year
Operating
Olher
Submitted by: "'"ft '.. lJ -....~ 4I!l_
Clt Mana er ~ ~-. --
Printed on recycled paper
2/98
C None
Appropriation Code:
Rev.
Requesting authorization to transfer funds at mid year between eRA project accounts as follows:
o Move $117,330 from 315-94714 capital improvement Downtown Redevelopment Projects account
to 181-99986 Mediterranean Village Project account for permit and impact fees and survey fees
associated with Phase I of the project (March 4, 2002 - Balk Development Agreement approved
by the eRA referenced $386,771 in estimated development related fees for the entire project).
· $115,500 - 30% (Phase I portion) of total estimated permitJimpactlstormwater buy in fees
for project,
$1,830 - Survey fees for Phase I land.
· $117,330 - Total
o Move $15,000 from 315-94714 capital improvement project Downtown Redevelopment Projects
account to 181-99979 Historical Fac;:ade Grant project. The project fund was established to offer
incentives to downtown businesses to make fac;:ade improvement.
Authorize the appropriation of the entire unused balance of the eRA Trust Fund budget for FY2002 that is
remaining on September 30, 2002 to the Downtown Redevelopment Projects Fund 315-94714.
Community Redevelopment Agency
Mid Year FY01/02 Proposed Budget Amendments
Proposed Approved Difference
Mid Year FY 01/02
FY 01/02 BUdget
OperatinQ Revenues
Tax Increment Revenues
338930 Pinellas County 373,583 332,520 41,063
381115 City of Clearwater 334,783 304,784 29,999
381116 Downtown Development Board 60.834 55,383 5,451
Other Revenues
361101 Interest Earnings 15,000 15,000 0
362101 Rental Income - Station Square Park 4,000 6,000 -2,000
369901 Other General Revenue 2,000 0 2,000
Transfers In
381782 DDB Administration 43,680 43,680 0
381782 Loan Payment From DDB 7.848 7.848 0
Total Revenues 841,728 765,215 76,513
Other Operating Expenses
530100 Professional Services 10.000 40,000 -30,000
530300 Other Contractual Services 3,000 3,000 0
534200 Incentive Expense 0 0 0
542200 Elect - Utilities 120 0 120
542500 Postage 200 200 0
543100 Advertising 6,500 6,500 0
543200 Other Promotional Activities 25,000 25,000 0
543400 Printing & Binding 1,000 1,000 0
547200 Employee Expense-Travel 10,000 10,000 0
547300 Employee Expense-Auto Allowance 1,000 1,000 0
547400 Employee Expense-Meals 200 200 0
548000 Other Services 200 200 0
550100 Office Supplies 2.000 2,000 0
550400 Operating Supplies 2,000 2,000 0
557100 Memberships and Subscriptions 4,000 4,000 0
557300 Training and Reference 4,000 4,000 0
571200 Principal Payment for Loan 112,600 0 112,600
571220 Interest Payment for Loan 62,500 0 62,500
581000 Payments to Other Agencies-DDS 60,834 55,383 5,451
582000 Aid to Private Organizations 55.000 55.000 0
360,154 209,483 150,671
Internal Service
540200 Document Reproduction 2,000 2,000 0
540700 Postal Service 1,000 1,000 0
541300 Print Shop 1,500 1,500 0
541500 Garage Variable 500 500 0
541600 Building & Maintenance Variable 1.900 550 1,350
6,900 5,550 1,350
Tr.n.f.... Out
590200 General Fund- Administrative 189,680 189,680 0
590600 Parking Fund - Saturday Downtown 15,000 15,000 0
590600 Parking Fund - Harborview 6,360 6,360 0
590800 Economic Development Incentive Fund 94.492 200,000 -105,508
590800 IMR Landscaping Fund 133,711 133,711 0
590800 Mediterranean Village Project Fund 30,000 0 30,000
592400 Redevelopment Projects Fund 5.431 5,431 0
474,674 550,182 .75,508
Total Expenditure. 841,728 765,215 76,513
Exc... of Revenue. Over Expenditures
Community Redevelopment
Agency
Agenda Cover Memorandum
Worksession Item #:
Lf
Final Agenda Item #
Meeting Date:
June 20. 2002
SUBJECT/RECOMMENDA TION:
Approve Assignment to Development Agreement between Community Redevelopment Agency of the
City of Clearwater and The Balk Company, Inc. to Mediterranean Village, L.L.C.
D and that the appropriate officials be authorized to execute same,
SUMMARY:
. The CRA entered into an Agreement for development and disposition of property on March 4,
2002, with The Balk Company, Inc.
. The CRA and Balk agree to assign the Agreement to Mediterranean Village, L.L.c.
. Mediterranean Village, L.L.c. will have the obligation to complete the terms of the Development
Agreement.
. All other terms and conditions of the Agreement remain in full force and effect.
S~bmitted by: ~ '.. M.. _ _ __
Clt Mana er t)C.AJI -. .
Originating Dept:
Economic Developmen
User Dept,
Economic Development
Attachments
Amendment to Agreement
Costs
NA
Total
Reviewed by:
legal ~ Info Tech NA
Budget Public Works
Purchasing NA DCMlACM
Risk Mgmt NA Other
Funding Source:
C"I)i1ollml"O\'~nwnl
Current Fiscal Year
Ope",llnR
all""
C Nonc
Appropriation Code:
Rev. 2/98
ASSIGNMENT OF AGREEMENT FOR DEVELOPMENT
AND
DISPOSITION OF PROPERTY
This Assignment entered into between the COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CLEARWATER, FLORIDA, 112 South Osceola Avenue, Clearwater, Florida
33756 ("Agency"), THE BALK COMPANY, INC" ("Assignor"), and MEDITERRANEAN
VILLAGE, L. L.C., Bruce Balk as Managing Partner, 290 Cocoanut Avenue, Building 1,
Sarasota, Florida 34236 ("Assignee").
WHEREAS, City and Assignor entered into an Agreement for development and
disposition of property on March 4, 2002. (Agreement);
WHEREAS. Assignor shall transfer Agreement to Assignee subject to the terms
described herein.
WHEREAS, Agency consents to said assignment subject to the terms described herein.
NOW THEREFORE, for good and valuable consideration, the parties agree as follows:
1. Pursuant to Article 17.01 of the Agreement. Assignor assigns, transfers, and sets
over to Assignee all of its right title. and interest in that Agreement between Agency and
Assignor dated March 4, 2002.
2. Assignor represents and warrants that Assignor has completely observed and
performed all covenants, duties and obligations required to be performed under the Agreement.
3. Assignee hereby assumes and shall at all times be liable to observe and perform
all of the covenants, duties and obligations under the Agreement and as further described
herein.
4. Agency consents to the assignment of Agreement to the Assignee.
This assignment shall be binding upon and inure to the benefit of all parties hereto and
their successors and assigns.
IN WITNESS WHEREOF, Agency, Assignor, and Assignee have caused this
Assignment of Agreement to be executed and delivered , 2002.
AGENCY:
COMMUNITY REDEVELOPMENT AGENCY
OF CLEARWATER, FLORIDA
By:
Brian J. Aungst, Chairperson
Approved as to form:
Attest:
Cynthia E. Goudeau
City Clerk
Pamela K. Akin
City Attorney
ASSIGNOR:
PrintedlTyped Name:
Notary Public-State of Florida
Commission Number:
.
\
THE BALK COMPANY, INC.,
By:
Print Name:
Title:
ASSIGNEE:
MEDITERRANEAN VILLAGE, L.L.C.
By:
Print Name:
Title:
STATE OF FLORIDA
COUNTY OF PINELLAS
The foregoing instrument was acknowledged before me this day of ,
2002 by BRIAN J. AUNGST and CYNTHIA E. GOUDEAU, Chairperson and City Clerk,
respectively, of Community Redevelopment Agency of the City of Clearwater, Florida, they are
personally known to me or have produced valid Florida drivers' licenses as identification
(SEAL)
STATE OF FLORIDA
COUNTY OF PINELLAS
The foregoing instrument was acknowledged before me this day of ,
2002 by , respectively of THE BALK COMPANY, Inc. who is personally
known to me or has produced a valid Florida drivers' license as identification
(SEAL)
,r'
PrintedlTyped Name:
Notary Public-State of Florida
Commission Number:
2
,
Community Redevelopment
Agency
Agenda Cover Memorandum
Worksession Item #:
s
Final Agenda Item #
Meeting Date:
June 17. 2002
SUBJECT/RECOMMENDA TION:
Appoint two Trustees of the CRA to serve as ex-officio members on the Downtown Development
Boa rd.
o and that the appropriate officials be authorized to execute same,
SUMMARY:
· The Downtown Development Board traditionally has two trustees of the CRA as ex-officio members
on its Board.
· Vice Mayor Gray and Commissioner Hamilton currently serve in this capacity. They were appointed
to serve as ex-officio members to the DDS on June 4,2001.
· The CRA trustees serve as the liaison between the eRA and the ODB. The trustees will brief ODB
Board members at their meeting on CRA plans, projects and issues.
· The ODB Board convenes monthly on the first Wednesday of the month in the City Hall Chambers
at 5:30 PM.
Reviewed by: Originating Dept: fZJD COlts -0-
Legal NA Info Tech Economic Developm Total
-
Budget NA Public Works sar Dept. Funding Source:
-
Purchasing NA DCM/ACM Economic Development Capllolll1ll<O\-emenl Current Fiscal Year
-
Risk Mgmt NA Other Attachments Operating
Other
l!l None Appropriation Code:
Rev.
Community Redevelopment
Agency
Agenda Cover Memorandum
Worksession Item #:
to
Final Agenda Item #
Meeting Date:
June 17, 2002
SUBJECT/RECOMMENDA TION:
Appoint a Trustee of the CRA to serve on the ClealVlater Main Street Joint Venture Committee.
o and that the appropriate officials be authorized to execute same.
SUMMARY:
· The City of ClealVlater CRA district became a designated Main Street community in 1997.
· The ClealVlater Main Street Joint Venture Committee is composed of the CRA Executive Director, a
CRA Trustee and the co-chairs of the Design, Economic Development and Promotion Committees
along with the Main Street Program Coordinator.
· Commissioner Jonson currently serves as the CRA Trustee on the Main Street Joint Venture
Committee. He was appointed to serve in this capacity on June 4, 2001.
· The Joint Venture Committee identifies the organizational goals, as well as facilitates and supports
the Main Street committees' activities.
· The Joint Venture Committee will receive input from the Main Street Committees and will identify
funding sources to support their programs and activities.
· The Joint Venture Committee meets monthly or on an as needed basis.
Reviewed by:
Legal NA
Budget NA
Purchasing NA
Risk Mgmt NA
Info Tech
Public Works
DCM/ACM
Other
Originating Dept:
NA Economic Developme t
~ User Dept.
~ J Economic Development
NA Attachments
Costs
-0-
Total
Funding Source:
Capitol lrT'Cltovement
Current Fiscal Year
Operatono
Other
I!J None
Appropriation Code:
Printed on recycled paper
2/98
Rev.