03/01/1977
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p~~lic and private lectorl in making their inveet.antl in
Downtown in term. of iMprovementl and developmentl for the
lonl-range revitali.ation. H. uled .lid.. for & brief Tecap.
The pl.n conai.tl of two.l.parate are.l, diff.rent but inter-
relatedl the Downtown Core Area and the Ea.t.rn Anchor Area~
The redelignltion of US-19A .nd SR-60 11 importlnt to
the plan and the focue il on key project .r.... The pl.n
enviaione a $56,000,000 program of public and priv.te inveat-
menta over a period of ten yeara. Public Worke improvementa
are .stimated at $6.1-mil1ion and at $50.4-million in urban
~edevelopment projects. Implementation of the plan would
produce a $44,000,000 tax base increaae upon completion .nd
an incremental tax revenue to the City of approximately
$240,000 per year at the current millage rate.
Tom Wall, of Gladstone Associates, the economic conault-
ants, reviewed the market analysis and the financial f...i-
bility of the plan. The financial analysis was performed for
the office, apartment, retail and motel categories, and as-
sumed that they would be developed by an in~estor for income.
A fifth land use for condominium apartments was also analyzed
but it was assumed individual owners would purchase and thus
it would not be income producing. Three developers, one from
Boca Raton, one from Clearwater and one from Houston, Texas,
were asked to re~iew and critique the plan from a developer's
standpoint. The three developers provided favorable comments
on the plan but they were not completely in agreement with it.
In summary, the recommendations of the IDEA Panel and
the three developers were (1) to establish priorities, (2) to
have public/private cooperation and joint participation, and
(3) to implement the programs by promotion of Downtown Clear-
water as a shopping center for retail mercantile/civic/cultural
activities. Every successful shopping center has a merchants'
association that promotes activities to bring people to the
center and they also bave leasing agencies that recruit new
tenants.
In response to the Mayor's question, City Attorney Bustin
replied that in the assembly and acquisition of property for
urban renewal purposes by reason of blighting influence exist-
ing on land, the Florida courts have upheld the power of emi-
nent domain as long as criteria has established the blight
and the purpose exists.
Commissioner Frank asked if a board ahould be formed by
the public and private enterprises, jointly funded, given full
latitude once the priorities have been established. Mr. Wall
stated a special organization should be created to accomplish
the purposes and there are various funding methods available.
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Assistant City Manager Tony Shoemaker requested all com-
ments be forwarded to Staff as soon as possible so that the
addendum could be completed and added to the plan.
Discussion ensued on City Hall expanaion, funding, space
requirements for tbe City by 1985. and the City resources
that are currently being used through the Capital Improvement
budgct for ongoing projects.
Tbe meeting was adjourned at 11;50 a.m.
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WAND OF NOTICE 01' MEETING
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Th. Wldel'.ilDed City Commi..iODer. of'the City of Clea1'W&tel'., Florida.
'b.l'~by Waive Dotice of. .p.cial meetiq of the Commi..IOD to be held at
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