06/17/2002 (2)
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COMMUNITY REDEVELOPMENT AGENCV MEETING
CITY OF CLEARWATER
June 17 t 2002
The Chair called the 'meeting to order at 9:29 a;m. at City Hall.,
, To provide continuity for research. Itoms ore In agenda order although not
'necessarily discussed In that ordor.
, ITEM #2 - Aooroval of the Minutes - 04/01/02
Trustee Jonson moved to approve tho minutes of the regular meeting of April 1 , 2002, 85
recorded and submitted In written summation by the City Clerk to each Trustee, The motion
was duly seconded and carried unanImously.
ITEM #3 - AQor9ve mld.vear amendments to FY2002 CRA budaet. authorize the transfer of
. monies between eRA orotect funda and authorize the aporoorlatlon of the entire unused ' ,
balance of the eRA Trust Fund hudaet for FY2002 that Is remalnina at vear end (September 30,
2002) to the Downtown RedevelQPment Pralset Fund.
, At mid yea'r, the CRA budget I'efloots several amendments: '
, 0 Tax Incremant Revenues Increased by $76,513.
o ProfessIonal Services line Item decreased $301000. That amount Is being moved
to the Mediterranean Village Project Transfer Out line Item to cover the CRA's
portion of tho UAS Corporation contract approved by the ORA on April 1, 2002.
o Electrlo.Utllltles line Item Increased $120 to offset electric power costs associated
with the Farmer's.Market at their new. location on Pierce Street.
0' PrIncipal and Interest line Items Increased $112,600 and $62,500 respectively for
, payments on the Dlmmltl property loan balance. It was anticipated that the loan
,would be paid In full upon the sale of the property to The Balk Company, Ina in
FYOl and, therefore, was not bUdgeted In the CRA's FY02 budget. The property
18 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 tho property occurs, the proceeds will be applied to the loan balance. .
Present:
Whitney Gray
Hoyt P. Hamilton
WIlliam C, Jonson
Frank Hibbard
, Absent:'
Brian J. Aungst
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Also present: William 8. Horne II
Ralph Stone
Pamela K. Akin
Cynthia E. Goudeau
Brenda Moses
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,Aotlng Chair/eRA Trustee
ORA Trustee
ORA Trustoe
ORA Trusteo
Chair/ORA Trustee
City Managor
ORA Executive Director/Assistant City Manager
CUy Attorney
City Clerk
80ard Reporter
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06/17/02
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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.
Payments to other Agencles-DDB line Item Increased $5,451 to match the
increase In DDB Tax Increment Revenues of $5,451. '
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o Building & Maintenance Variable line item Increased $1,350 to cover expenses
for work done in the eRA 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,
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Mediterranean Village Project Fund line item Increased $30,000 (money moved
from Professional Services line item referenced above).
. Requesting authorization to'transfer funds at mid year between eRA project accounts as
follows:
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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 CRA referenced $386,771
In es~lmated development related fees for the entire project). ' '
. $115,500 w 30% (Phase I portion) of total estimated
permit/impact/stormwater 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 w99979 Historical Fattade Grant project.
The project fund was established to offer incentives to downtown businesses to
make fagade improvement. '
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. Authorize the appropriation of the entire unused balance of the CRA Trust Fund budget for
FY2002 that is, remaining on September 30, 2002 to the Downtown Redevelopment Projects
f7und 315-94714.
In response to a question, Assistant City Manager Ralph Stone said the City awarded 3
grants this year for 811 Cleveland Street, 628 Cleveland Street, and 531 Cleveland Street for
faQade improvements. Two pending grants totaling $5,000 are for property on Court and
, Cleveland Street. In response to concern regarding the unused balance of the CRA trust fund
being transferred to the Downtown Redevelopment Project FundI Mr, Stone indicated doing this
allows, unspent funds to be retained and reallocated to other projects next year.
Trustee Hibbard moved to approve the mid-year amendments to FY2002 eRA budget,
authorize the transfer of monies between eRA project funds and authorize the appropriation of .
the entire unused balance of the eRA Trust Fund budget for FY2002 that Is remaIning at year
e"nd (September 30, 2002) to the' Downtown Redevelopment Project Fund. The motion was
duly seconded and carried unanimously.
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ITEM #4 - Aoprove Asslanment to Development Aareement between Communitv
Redevelooment Aaencv of the City of Clearwater and the Balk Company. Ine: to Mediterranean
ViIlaae. L.L.C,
The eRA entered Into an Agreement for development and disposition of property on
, March 4, 2002, with The Balk Company, Inc. '
The eRA 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.
, In response'to a question, Mr. Stone saId It is normal for developers to form a new
corporation for specific sites to prevent claims from one site's activities from being able to attach
to all sites,
Trustee Hamilton moved to approve the assignment to the Development Agreement
between the CRA of the City of Clearwater and the Balk Company, Inc. to Mediterranean
Village, L.L.C'- The motion was duly seconded and carried unanimously.
ITEM #5 - Appointment 2 Ex-officio members to the Downtown Development Board (008).
, 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 DpB on June 4, 2001.
The eRA trustees serve as the liaison between the CRA and the DDS. The trustees will
brief DDS Board members at their meeting on CRA plans, projects and issues.
The DDS Board convenes monthly on the first Wednesday of the month in the City Hall
Chambers at 5:30 PM.
In response to a question, Mr, Stone said the 'ex-officios have no voting rights. Trustee
Jo'nson said he prefers to serve on the Main Street Joint Venture Committee.
, Trustee Hamflton moved to appoint Trustees Hibbard and Gray to serve as ex-offic/os on
the Downtown Development Board. The motion was duly seconded and carried unanimously.
ITEM #6 - Appointment of Liaison to the MaIn Street Joint Venture Committee.
The City of Clearwater CRA district became a designated Main Street community In
1997.
The Clearwater Main Street Joint Venture Committee Is composed of the CRA Executive
: Director, a eRA Tr'ustee and the co-chairs of the Design, Economic Development and
Promotion CommIttees along with the M,ain Street Program Coordinator. '
Commissioner Jonson currently serves as the eRA Trustee on the Main Street JoInt
Venture Committee. He was appointed to serve In this capacity on June 4, 2001,
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06/17/02'
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, ' 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 Matn Street Committees and will
identify funding sources to support t,helr programs and activities. ,
The Joint Venture Com,mittee meets monthly or on an as needed basis.
Trustee Hamilton moved to appoint Trustee Jonson to serve on the Clearwater main
'Street Joint Venture Committee: The motion was duly seconded and carried unanimously.
ITEM #7 ~ Executive Director (Assistant City Manaqer) Verbal Reports '
Mr. Stone said the City has engaged Bellomo Herbert and Co., Inc. to do the
, , landscaping and streetscaplng that was approved previousiy. The scope of work is being
negotiated. ,
ITEM #8 - Other Business
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Trustee Jonson said he observed a City crew,Worklng on sidewalks and tree grates on,
Cleveland Street. ~e thanked the City Manager and staff for proceeding with those types of
improvements, Mr. Stone said the City Manager took $301000 ~ $40,000 out of Visioning funds
. for those improvement~, ','
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ITEM #9 - Adlourn
The meeting adjourned at 9:42 a.m.
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