02/18/2003 (2)
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, ACTION AGENDA - CLEARWATER'COMMUNITY REDEVELOPMENT AGENCY MEETING
Monday, February 18, 2003 - 9:09 A.M. - Commission Chambers
ITEM #2 - Approval of Minutes - 9/18/02
ACTION: Minutes appr.oved as submitted.
ITEM #3 - Approve the proposed first Quarter budget amendments to the FY 2002/03 CRA
(Community Redevelopment Agency) Opercitinq Budoet and authorize the transfer of monies to
CRA project funds as requested. .
ACTION: Approved.
. ITEM #4 - Executive Director (Assistant City Manaqer) Verbal Reports
ACTION: DDB trip to view downtown redevelopment In West Palm Beach scheduled for
5/22-23/03. '
ITEM #5 - Other Business - None. .
ITEM #6 - Adiournment: 9:17 a.m.
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. Community Redevelopment Agency Action Agenda 2'003:0218
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'COMMUNITY REDEVELOPMENT AGENCY MEETING
CITY OF CLEARWATER
February 18, 2003
Present: Brian J. Aungst
Whitney Gray
Hoyt P. Hamilton
William C. Jonson
Frank Hibbard
Chair/CRA Trustee
CRA Trustee
CRA Trustee
CRA Trustee
CRA Trustee
Also present: William B. Horne II
Garry Brumback
Ralph Stone
Pamela K. Akin
Cynthia E. Goudeau
Patricia O. Sullivan
City Manager
Assistant City Manager
CRA Executive Director/Asst. City Manager
City Attorney
City Clerk
Board Reporter
The Chair called the meeting to order at 9:09 ",a.m. at City Hall.
To provide continuity for research, items are in agenda order although not
necessarily discussed in that order.
ITEM #2 - Approval of Minutes
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Trustee Jonson moved to approve the minutes of the regular meeting of
September 16. 2002, as recorded and submitted in written summation by the City Clerk
to each Trustee. The motion was duly seconded and carried unanimo~sly
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ITEM #3 -"Approve the proposed first Quarter budoet amendments to the FY 2002/03
CRA (Community Redevelopment Aoency) OperatinQ Budget and authorize the transfer
of monies to CRA project funds as requested.
A review of the CRA (Community Redevelopment Agency) prOjected revenues
and expenditures at first quarter indicate the following proposed budget amendments are
, necessary to: 1) align projected revenues to actual revenues received through first
quarter and 2) to fund certain activities related to the expansion of the CRA District.
Tax Increment Revenues increased by $26,827. Other Operating Expenses Line
Items decreased overall $8,100. Finance revised projections for the Principal and
Interest Payments on the loan for the Cleveland Street property (Balk project) based on
the additional principal payment made in FY (Fiscal Year) 2001/02 after the close of the
sale of the Phase I property to Mediterranean Village.
Transfer Out Line Items are proposed to be amended as follows: 1) "590200 -
General Fund - Administrative expenditure increased $13,058. Increase attributed to
40/0 annual salary increase for 2.5 positions funded by eRA and" addition of temporary
staff person hired to work on eRA expansion effort and other CRA assignments; 2)
590800 - Fa98de Improvement Grant Fund increased $15,000. Fayade Improvem'ent
Grant Fund needs to be replenished as grants awarded from October 2002 to current
Community Redevelopment Agency 2003-0218
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" 02118/03
ITEM #4 - Executive Director (Assistant City Manager) Verbal Reports
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have depleted the fund. Favade Improvement Grants totaling $18,355 from October
2002 through current period have been awarded; and 3) 592400 - Redevelopment
Projects Fund increased $6,869. Remaining balance of Other Operating Expense Line
Items decrease is being moved to this fund.
Support was expressed for having fali3de improvement grants as part of the
eRA budget. It was hoped the amount of fali3de funding would be increased in the
future., In response to a question, CRA Executive Director Ralph Stone said a group of
downtown business owners are interested in more extensive upgrades to their
businesses. Main Street is coordinating related efforts. The demand for fa9ade grants
is good.
Trustee Gray moved to approve the proposed first quarter budget amendments
to the FY02l03 CRA Operating budget and authorize the transfer of monies to CRA
project funds as requested. The motion was duly seconded and carried unanimously.
Mr. Stone reported the DDS (Downtown Development Board) trip to view
downtown redevelopment in West Palm Beach has been scheduled for May 22 - 23"
2003. It was suggested Commissioners review the West Palm Beach Master Plan. It,
was requested staff merge downtown design guidelines with Sieman's
recommendations.
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ITEM #5 - Other Business - None.
ITEM #6 - Adiournment
The meeting adjourned at 9:17 a.m.
Chai
Community edewelopment Agency
Attest:
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Community Redevelopment Agency 2003-0218
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02/18/03