06/14/2010
COMMUNITY REDEVELOPMENT AGENCY MEETING MINUTES
CITY OF CLEARWATER
June 14, 2010
Present: Chair/Trustee Frank Hibbard, Trustee George N. Cretekos, Trustee John
Doran, Trustee Paul Gibson, and Trustee Bill Jonson.
Also William B. Horne - City Manager, Jill S. Silverboard - Assistant City Manager,
present: Rod Irwin - CRA Executive Director/Assistant City Manager, Leslie Dougall-
Sides - Assistant City Attorney, Cynthia E. Goudeau - City Clerk, and
Rosemarie Call - Management Analyst.
To provide continuity for research, items are in agenda order although not
necessarily discussed in that order.
1. Call to Order - Chair/Trustee Frank Hibbard
The meeting was called to order at 1:47 p.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the May 3, 2010 and June 1, 2010 CRA Meeting as
submitted in written summation by the City Clerk.
Trustee John Doran moved to approve the minutes of the May 3, 2010 and June 1,
2010 CRA Meeting as submitted in written summation by the City Clerk. The motion
was duly seconded and carried unanimously.
3. CRA Items
3.1 Adopt mid-year budget amendments for the Community Redevelopment Agency
Operating Budget for Fiscal Year 2009/10.
Amendments to the revenues of the operating budget reflect a decrease of
$58,411 in TIF received for FY09/10, based upon final receipts for the TIF
proceeds from Pinellas County, the City of Clearwater, and the Downtown
Development Board. Amendments to revenues also reflect an increase of
$170,000 in Interest Earnings for FY09/10 in the CRA Operating fund and a
$588,647 increase to recognize interest earnings accumulated in the CRA project
fund over the last three fiscal years.
Community Redevelopment Agency 2010-6-14 1
In addition, the following are amendments to the expenditures:
an increase of $2,700 to Printing and Binding
a decrease of $4,978 to Payments to Other Agencies (The DDB will adjust TIF
proceeds received for FY 09/10.)
Under Transfers Out, the Restricted County TIF proceeds were adjusted to reflect
a decrease of $25,061, allocated to capital projects to the amount received.
In addition, there is an increase of $727,575 to the Downtown Redevelopment
Fund to recognize the allocation of excess revenues described above. All
expenditure activity reflected in the Capital Project Fund is for the period ending
March 30, 2010.
Amendments to the Capital Improvement Project Fund recognizes the interest
earnings described above and records the increase to the Downtown
Redevelopment Fund (94714); records a transfer of $511,602 of CRA funds from
Downtown Streetscape (Phase I) to Downtown Streetscape Phase II with $25,061
less due to lower than expected property values; and records a project transfer of
$325,000 from the Downtown Redevelopment Fund to establish a new project,
Car Pro Site (94862), approved by the CRA on June 1, 2010.
Budget Director Tina Wilson reviewed the amendments.
In response to a question, Economic Development & Housing Director Geri Campos
Lopez said the funds remaining from the Marriott Residence Inn and Mediterranean
Village projects will be transferred to the Capital Improvement Project Fund.
Trustee George N. Cretekos moved to adopt mid-year budget amendments for the
Community Redevelopment Agency Operating Budget for Fiscal Year 2009/10. The
motion was duly seconded and carried unanimously.
4. Other Business - None
Community Redevelopment Agency 2010-6-14 2
5. Adjourn
The meeting was adjourned at 1:52 p.m.
Chair
Community Redevelopment Agency
Attest
City Clerk
??„nnnnm?in??
IrUv P? Q*PIE
=H0 GOES ' i
rn
b a ? ...........
it`OP
i
ems- \"?.?
T
Community Redevelopment Agency 2010-6-14 3