06/06/1996 (2)
Absent:
Elise Winters
David Stone
Ex-Officio Trustee
Ex-Officio Trustee
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COMMUNITY REDEVELOPMENT AGENCY SPECIAL MEETING
CITY OF CLEARWATER
June 06, 1996
Present:
Rita Garvey
J. B. Johnson
Robart Clark
Ed Hooper
Karen Seel
Kathy S. Rice
Elizabeth M. Deptula
Pamela K. Akin
Cynthia E. Goudeau
Patricia O. Sullivan
Chair/CRA Trustee
CRA Trustee
CRA Trustee
CRA Trustee
CRA Trustee
Interim Director/Deputy City Manager
City Manager
City Attorney
City Clerk
Board Reporter
The Chair called the meeting to order at 5:30 p.m. at City Hall.
To provide continuity for research, items are in agenda order although not necessarily
discussed in that order.
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ITEM #2 - Res. #96-01 - Aareeina in conceDt to initiate an amendment to the downtown
olan and 8oorova in conceDt a olan to facilitate the relocation of a Winn-Dixie Grocer Store
to a downtown Clearwater location
Interim Director/Deputy City Manager Kathy Rice said CNHS (Clearwater
Neighborhood Housing Services) will be the developer of the Winn-Dixie project. She
indicated the project will retain 80 jobs and add 160 jobs in the downtown area. . She
displayed a copy of the proposed site plan. The CRA is asked to lend CNHS $900,000 at
3% interest for 20 years. The CRA will borrow the money from the City at 6% interest.
The additional 3% interest will be paid to the City through the tax increment. She reported
an additional $80,000 of work is needed for the infrastructure. The resolution states what
will happen if everything comes into place. It was noted the presented numbers differ
greatly from ones presented June 3, 1996. Ms. Rice said if the CRA pays for the $80,000
in infrastructure, an initial deficit will occur. The deficit will be made up over the 20 years.
Trustee Clark questioned if the $80,000 will be returned to the City over time. The City
Attorney said the project will not repay the $80,000. Ms. Rice said the $80,000 could be
repaid from the increment but not the project. She noted the resolution only addresses the
$900,000 loan from the eRA. The City Commission will reach a decision regarding the
$80,000 infrastructure costs in the future. The Chair noted the CRA will lend the money
to CNHS. CNHS and the CRA will pay back the loan plus interest to the City.
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Trustee Seal questioned how the loan will be guaranteed if the store is not
successful. Mr. Ferri said they will collateralize the land, not the building. If the grocery
store fails, Winn-Dixie will continue their lease payment. A sub-lease would be possible.
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The meeting adjourned at 5:42 a.m.
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Trustee Seal noted the lease is 20 years. Mr. Ferri said Winn-Dixie is making a 20 year
commitment.
Trustee Clark moved to approve in concept to initiate an amendment to the
downtown plan and approve in concept a plan to facilitate the relocation of a Winn-Dixie
Grocery Store to a downtown Clearwater location. The motion was duly seconded and
carried unanimously.
The City Attorney presented Resolution #96-01 and read it by title only. Trustee
Clark moved to pass and adopt Resolution #96-01 and authorize the appropriate officials
to execute same.' The motion was duly seconded and upon roll call, the vote was:
"Ayes": Johnson, Clark, Hooper, Seel and Garvey
"Nays": None.
ITEM #3 - Adiournment
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Chair
Community Redevelopment Agency
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Attest:~: -:",}
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Board Reporter
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