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06/14/2010COMMUNITY REDEVELOPMENT AGENCY AGENDA Location: Council Chambers - City Hall Date: 6/14/2010- 1:00 PM 1. Call to Order 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. Attachments 3. CRA Items 3.1 Adopt mid-year budget amendments for the Community Redevelopment Agency Operating Budget for Fiscal Year 2009/10. Attachments 4. Other Business 5. Adjourn Meeting Date: 6/14/2010 Community Redevelopment 0 Agency Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Approve the minutes of the May 3, 2010 and June 1, 2010 CRA Meeting as submitted in written summation by the City Clerk. SUMMARY: Review Approval: 1) Clerk Cover Memo Item # 1 Attachment number 1 Page 1 of 4 COMMUNITY REDEVELOPMENT AGENCY MEETING MINUTES CITY OF CLEARWATER May 3, 2010 Present: Chair/Trustee Frank Hibbard, Trustee George N. Cretekos, Trustee John Doran, Trustee Paul Gibson, and Trustee Bill Jonson. Also William B. Horne II - City Manager, Jill S. Silverboard - Assistant City present: Manager, Rod Irwin - CRA Executive Director/Assistant City Manager, Pamela K. Akin - 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. Unapproved Call to Order - Chair/Trustee Frank Hibbard The meeting was called to order at 9:00 a.m. at City Hall. 2. Approval of Minutes 3. CRA Items CRA 2010-5-3 Item #11 Attachment number 1 Page 2 of 4 the C RA oar for consideration. In December 2009, the Economic Development and Housing Department (ED) identified 1359 Cleveland Street (Car Pro) as a candidate for the use of its Brownfields Cleanup Revolving Loan Fund (BCRLF) to remedy outstanding environmental issues, specifically groundwater contamination. ED staff approached the owner of the Car Pro site to determine their interest in selling the property for the specific purpose of using our 2009 American Recovery and Reinvestment Act (ARRA) assessment funds and the BCRLF funds. Both of these funds have strict timelines that must be met: 1) 30% of ARRA (or stimulus) funds must be expended by July 2010 and 2) the BCRLF dollars expire in June 2010 and must be returned to the Environmental Protection Agency (EPA) if not expended. Further examination by the city's environmental consultants indicated that the contamination extended to the adjacent two properties to the west of Car Pro. Staff then met with each affected property owner to request access to their sites in order to conduct the environmental assessment and remediation. It was the city's initial intent to purchase only the CarPro site with access to the two properties to be able to conduct the remediation. However, staff has been unable to acquire access to said adjacent properties for the necessary examination and remediation in an acceptable manner. During the course of these discussions, however, the owner of 1349 Cleveland, Dr. Gilbert Jannelli, indicated a willingness to assemble the entire block (1.35 acres mol) for purchase by the City/CRA. The advantages to the CRA East Gateway effort from such an acquisition would be: 1 - CRA ownership of a one acre, more or less, in the target commercial redevelopment center of the East Gateway, which would ultimately be made available for retail, commercial or mixed-use development consistent with the East Gateway effort; 2 - Facilitate the environmental remediation of the site, which due to cost, would likely be beyond the financial ability of the individual owners; 3 - Allow the city to retain and use of over $556,000 in EPA Brownfields funds already received, and position the City to access additional Brownfields funds for the necessary environmental remediation. Dr. Jannelli's proposal for the CRA purchase of the site is provided. As written, staff has a list of concerns that would require significant negotiation on the conditions and terms as well as major document revisions (although staff proposes a new purchase contract used by the City). The offer is presented "as is" for the purpose of information and direction from the CRA. Staff has asked for an extension of the proposal to June 1, 2010 in order to allow time to conduct due diligence if authorized by the CRA. If the CRA authorizes staff to proceed, two appraisals will need to be ordered immediately. Staff would then commence CRA 2010-5-3 Item #21 Attachment number 1 Page 3 of 4 negotiations on the development of an acceptable contract with key terms and conditions (lease terms for the Idle Spur Bar at 1351 Cleveland, real estate taxes, timeframe for removing personal property at Car Pro, etc.). If an acceptable contract is agreed to by the CRA, staff proposes the funds for the purchase be in the form of a loan to the CRA from the Central Insurance Fund with interest at the cash pool rate. The loan will be repaid from the sale of the property as a part of a redevelopment project and/or CRA funds. For the environmental remediation portion, the costs and duration of the cleanup is presently unknown, however, ED has over $283,000 in assessment funds available and approximately $273,000 available in the BCRLF. Demolition and other closing costs would be borne by the CRA from the Redevelopment Fund. A final decision needs to be made by June 1, 2010 in order for ED staff to meet its federal deadlines with the BCRLF and the ARRA funds. In response to questions, CRA Executive Director Rod Irwin said an individual property owner could not afford the environmental remediation. Consolidating the properties presents a redevelopment opportunity that is consistent with the East Gateway plan. Economic Development and Housing Director Geri Campos Lopez said the $273,000 BCRLF funds must be returned if not spent by June 30, 2010. EPA is willing to extend the deadline if a contract is obtained. The ARRA funds require the city to use $140,000 by July 9, 2010. If the ARRA funds are not used on this project, staff can use the funds to address issues at Brighthouse Field and the Joe DiMaggio Sports Complex. Parks and Recreation Director Kevin Dunbar said coal tar was found during construction of Brighthouse Field and the Joe DiMaggio Sports Complex was a former landfill site. Concerns were expressed regarding the cost to purchase the property and cleanup site. One individual spoke in opposition. In response to a concern, Finance Director Margie Simmons said the Central Insurance Fund accumulates charges from city departments for property insurance and liability claims. Interest earnings have accumulated over time. There is approximately $19 million in undesignated reserves. Staff was directed to provide information on the amount loaned out of the $19 million. Trustee John Doran moved to direct the CRA/Economic Development staff to pursue an opportunity to purchase a consolidated parcel comprised of 1351 Cleveland Street, 1356 Park Street, 1359 Cleveland Street, 14 S. Evergreen Street, and 1349 Cleveland Street, for the purpose of Brownfields environmental remediation and subsequent redevelopment as a part of the East Gateway revitalization initiative, to negotiate a Contract for Purchase of Real Property containing provisions specifically protective of City/CRA CRA 2010-5-3 Item #31 Attachment number 1 Page 4 of 4 interests, to acquire 2 independent appraisals of value on the property and to develop any other documents needed to prepare for a real estate closing, to be presented at the earliest practical date to the CRA Board for consideration. The motion was duly seconded and upon roll call the vote was: "Ayes": Trustee George N. Cretekos, Trustee John Doran, Trustee Paul Gibson, and Trustee Bill Jonson. "Nays": Chair/Trustee Frank Hibbard. Motion carried. 4. -1 r 7-- Townhouses on Cleveland Street In response to a question, CRA Executive Director Rod Irwin said the city could authorize murals on the walls of the townhouses but it will require an easement from the condominium association. The townhouses will be addressed in Phase 2 of the Cleveland Street Streetscape. 5. Adjourn The meeting was adjourned at 9:35 a.m. Chair Community Redevelopment Agency Attest City Clerk CRA 2010-5-3 Item #41 Attachment number 2 Page 1 of 4 COMMUNITY REDEVELOPMENT AGENCY MEETING MINUTES CITY OF CLEARWATER June 1, 2010 Present: Chair/Trustee Frank Hibbard, Trustee George N. Cretekos, Trustee John Doran, Trustee Paul Gibson, and Trustee Bill Jonson. Also William B. Horne II - City Manager, Jill S. Silverboard - Assistant City present: Manager, Rod Irwin - CRA Executive Director/Assistant City Manager, Pamela K. Akin - City Attorney, Cynthia E. Goudeau - City Clerk, and Rosemarie Call - Management Analyst. Unapproved To provide continuity for research, items are in agenda order although not necessarily discussed in that order. In December 2009, the Economic Development and Housing Department (ED) identified 1359 Cleveland Street as a candidate for participation in the city's Brownfields program given the site's outstanding environmental issues, specifically groundwater contamination, and available sources of funding to address those issues. Staff outlined a strategy to purchase the CarPro site for the purposes of environmental remediation, the removal of a non-conforming land use, and potential future redevelopment of the site. The subject property is located on the southwest corner of Cleveland Street and S. Evergreen Avenue in the East Gateway District of the Community Redevelopment Agency (CRA) boundaries and referred to as the CarPro site. CRA 2010-6-1 Item #11 Attachment number 2 Page 2 of 4 At least four different phases of environmental site assessment have been conducted prior to May 2007 at this site. These investigations have identified potential adverse environmental conditions within the property boundaries of the CarPro site and the two adjacent properties to the west. Access to these properties will be necessary to conduct and complete the remediation at the CarPro site. Staff has determined through discussions with the property owners that obtaining access easements to those properties, instead of seeking to purchase them, to be the best course of action. Based on previous environmental assessments, the City's environmental consultant, CardnoTBE, has estimated the general cost for implementing the preferred remediation strategy will range from $595,000 to $680,000. The assessment portion of this estimate (up to $190,000) will be covered by the 2009 American Recovery and Reinvestment Act (ARRA) assessment funds and existing Brownfields grants. The remediation portion of this estimate (up to $492,000) will be funded through the Brownfields Cleanup Revolving Loan Fund (BCRLF) and the sale of the City's Voluntary Cleanup Tax Credits. These costs are preliminary and will be more definitive once assessment is completed. The 2009 ARRA assessment funds and BCRLF both have strict timelines that must be met. It is necessary to spend 35% of granted ARRA (or stimulus) funds by July 2010. BCRLF dollars expire in June 2010 and must be returned to the Environmental Protection Agency (EPA) if not expended. Staff has contacted EPA to inform them of the contract to purchase and have agreed to work with the City/CRA on these timelines as we progress with this project. Staff recommends the CRA purchase the CarPro site utilizing the Downtown Redevelopment Fund as the source of funds. An appraisal was performed by K. Mitchell Caldwell, MAI and concluded that the market value of the proposed acquisition is $280,000. As a condition to closing, an access easement will be required from the two adjacent property owners to be able to conduct the necessary examination and remediation in an acceptable manner. In addition to the acquisition of the CarPro site, it is estimated that the CRA will need to expend approximately $20,000 to complete the demolition of the structure after closing. The benefits of this project are as follows: - Addresses documented contaminated site and the associated impediments to redevelopment (i.e. financing and remediation) of the site and immediately adjacent properties. - Enhances the environment through clean-up of a contaminated property. - Stimulates investment in a particularly blighted area of the East Gateway District. CRA 2010-6-1 Item #21 Attachment number 2 Page 3 of 4 - Allows expenditures of federal recovery funds (35% of total award of $400,000, or $140,000, must be spent by July 2010). - Removes a non-conforming land use and implements several action items in the East Gateway Five-Year Action Program addressing specific community concerns in this area, i.e. business environment and neighborhood appearance. Funding for the acquisition, closing costs and demolition are recommended from the CRA Downtown Redevelopment project 388-94714. In response to questions, Economic Development and Housing Director Geri Campos Lopez said addressing the environmental contamination on the CarPro site and the adjacent properties will make all 3 properties more marketable for redevelopment. If redeveloped, it will increase the city's tax base. It is unlikely a private property owner can afford to finance the environmental remediation. If the city does not purchase the property and address the environmental issues, the clean-up will not occur and the contamination will get worse. The BCRLF funds are monies given to the city by EPA that are loaned to a separate entity to finance environmental clean-up of brownfield properties. Staff was directed to provide tax information for the Crum Center property. Trustee Bill Jonson moved to approve a Contract For Purchase of Real Property with Gilbert G. Jannelli, to purchase real property described as OVERBROOK SUBDIVISION, Block 3, Lots 1, 2, 3 and 4 for the sum of $296,000 plus estimated expenses in an amount not to exceed $7,000 for a boundary survey and transaction closing costs and authorize appropriate officials to execute same, together with all documentation required to effect closing, and establish project 388-94862 (CarPro Site) in the amount of $325,000 to cover the costs of property purchase and demolition by transferring $325,000 from project 388-94714 (Downtown Redevelopment). The motion was duly seconded and carried unanimously. 3. Other Business - None. CRA 2010-6-1 Item #31 Attachment number 2 Page 4 of 4 r The meeting was adjourned at 9:27 a.m. Attest City Clerk Chair Community Redevelopment Agency CRA 2010-6-1 Item #41 Meeting Date: 6/14/2010 Community Redevelopment 0 Agency Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Adopt mid-year budget amendments for the Community Redevelopment Agency Operating Budget for Fiscal Year 2009/10. SUMMARY: 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. 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. Review Approval: 1) Office of Management and Budget 2) Legal 3) Clerk 4) Assistant City Manager 5) Clerk 6) City Manager 7) Clerk Cover Memo Item # 2 Attachment number 1 Page 1 of 2 Community Redevelopment Agency Mid Year Review For the Six Month Period of October 1, 2009 - March 30, 2010 2009/10 Revenue/ Mid Year 2009/10 Adopted Expenditures Proposed Amended Amend Budqet To Date Amendments Budqet Ref Revenues & Transfers In Tax Increment Financing Revenues 338930 Pinellas County 381115 City of Clearwater 381116 Downtown Development Board Total TIF Revenues Other Revenues 361101 Interest Earnings 369901 Other General Revenue Transfers In 381782 DDB Administration 381782 Loan Payment From DDB 381888 Interest from Fund 388 Total Revenues & Transfers In Expenditures & Transfers Out Operating Expenditures 530100 Professional Services 530300 Contractual Services 540200 Document Reproduction 540300 Telephone Variable 540700 Postal Service 541500 Garage Variable 542300 Gas, Water, Sanitation 542500 Postage 543100 Advertising 543200 Other Promotional Activities 543400 Printing & Binding 547100 Uniforms 547200 Employee Expense-Travel 548000 Other Services 550100 Office Supplies 550400 Operating Supplies 557100 Memberships and Subscriptions 557300 Training and Reference 581000 Payments to Other Agencies-DDB 582000 Aid to Private Organizations Total Operating Expenditures Transfers Out 590200 General Fund-Administrative 590800 East Gateway Project (94849) 590800 Cleveland Street Maintenance (99968) 590800 Waters Edge (Opus) 590800 Station Square DA 590800 Marriott Residence Inn (94856) 590800 Restricted County TIF Funds 590800 Fagade Improvement Grant Fund 590800 Downtown Redevelopment Fund 590800 Affordable Housing Projects (94851) 590800 Retail Attraction/Assistance (94852) 590800 Cleveland Street Branding (94853) Total Transfers Out Total Expenditures & Transfers Out Excess of Revenues & Transfers In Over Expenditures & Transfers Out 1,150,952 1,125,891 (25,061) 1,125,891 1,217,557 1,189,185 (28,372) 1,189,185 201,767 196,789 (4,978) 196,789 2,570,276 2,511,865 (58,411) 2,511,865 30,000 58,128 170,000 200,000 59,779 24,908 59,779 7,848 7,848 588,647 588,647 2,667,903 2,594,901 700,236 3,368,139 60,000 2,050 60,000 4 10,000 10,000 1,500 369 1,500 2,000 92 2,000 3,600 3,600 50 17 50 10,000 10,000 10,000 10,000 500 1,817 2,700 3,200 150 150 6,500 838 6,500 2,200 2,175 2,200 1,000 65 1,000 3,000 544 3,000 4,000 199 4,000 4,000 1,264 4,000 201,767 (4,978) 196,789 6,000 6,000 6,000 326,267 15,434 (2,278) 323,989 309,599 129,000 309,599 136,785 136,785 136,785 22,000 22,000 22,000 148,241 148,241 148,241 230,000 230,000 230,000 34,539 34,539 34,539 1,150,952 1,150,952 (25,061) 1,125,891 50,000 50,000 50,000 34,520 34,520 727,575 762,095 25,000 25,000 25,000 100,000 100,000 100,000 100,000 100,000 100,000 2,341,636 2,161,037 702,514 3,044,150 2,667,903 2,176,471 700,236 3,368,139 418,430 Budget Amendments to Operating Budget The budget amendment reflects a decrease in anticipated operating revenues based upon final receipts for the TIF proceeds 1 from Pinellas County, the City of Clearwater, and the Downtown Development Board. 2 To reflect anticipated increase in interest earnings for fiscal year 2009/10 in the CRA operating fund. 3 To recognize interest earnings accumulated in the CRA project fund over the last three fiscal years. 4 To increase the budgeted amount to match what is being spent in Printing/Binding 5 To adjust the payment to agencies to the amount of TIF proceeds received from the DDB for fiscal year 2009/10. 6 To adjust the restricted County TIF proceeds alllocated to capital projects to the amount received for fiscal year 2009/10. 7 To recognize the allocation of excess revenues to the Downtown Redevelopment project. Item # 2 Attachment number 1 Page 2 of 2 Community Redevelopment Agency CRA Capital Improvement Project Fund Mid Year Review For the Six Month Period of October 1, 2009 - March 30, 2010 Mid Year Proposed Amended Amend Amendmnts Budget Ref Revenue Interest Earnings 588,647 588,647 1 Expenditures Transfer to CRA Operating Fund 588,647 588,647 1 Project Amen dments Mid Year Actual Expenditures Project Budget Proposed Amended Project Open Available Amend # Description 101112010 Amendmnts Budget To Date Encumbr Balance Ref 388-92269 Downtown Streetscape 532,522 (511,602) 20,920 20,920 0 2 388-92275 Downtown Streetscape Phase II 1,574,000 486,541 2,060,541 82,215 4,069 1,974,257 2 388-93405 Downtown Boat Slips 1,000,000 1,000,000 1,000,000 0 388-94714 Downtown Redevelopment 1,743,071 402,575 2,145,646 106,836 80,033 1,958,776 3,4 388-94765 IMR Development 99,271 99,271 4,660 94,611 388-94847 Clearwater Centre-1100 Cleveland 1,040,000 1,040,000 505,917 534,083 388-94848 Station Square Park 800,000 800,000 800,000 0 388-94849 East Gateway 429,169 429,169 203,361 225,808 388-94851 Affordable Housing 250,000 250,000 250,000 388-94852 Retail Attraction/Assistance 365,000 365,000 172,956 34,741 157,303 388-94853 Cleveland District Branding 176,000 176,000 3,671 172,329 388-94855 Cleveland Auto EPA Loan 350,000 350,000 298,827 48,087 3,087 388-94856 Marriiott Residence Inn 212,539 212,539 178,000 34,539 388-94859 Station Square Development 230,000 230,000 230,000 388-94860 Water's Edge (Opus) 288,373 288,373 288,373 388-94862 CarPro Site 325,000 325,000 325,000 4 388-99963 Economic Development Incentive 153,861 153,861 38,475 115,386 388-99968 Cleveland Street Maintenance 72,676 72,676 10,893 61,783 388-99979 Historical Facade Program 262,165 262,165 53,898 208,267 388-99881 Clearwater Auto Site - General 187,659 187,659 2,605 325 184,729 388-99886 Mediterranean Village 259,538 259,538 44,708 1,021 213,808 Total 10,025,843 702,514 10,728,357 3,527,942 168,276 7,032,139 Budget Amendments to Projects To recognize interest earnings accumulated in the project fund over the last three fiscal years and transfer these funds to the CRA 1 operating fund for allocation where needed. To record a budget transfer of $511,602 of CRA Funds from project 92269 Downtown Streetscape (Phase 1) to project 99275 Downtown Streetscape Phase 11, to close out the Phase I project. Also, in project 388-92275, to reduce the County TIF funding in this 2 project by $25,061 due to lower than expected property values. To record a budget increase of CRA revenues reflecting a budget transfer to project 94714, Downtown Redevelopment, representing the net operating proceeds in the CRA operating fund at fiscal year end 2008/09, and the receipt of excess operating revenues in the 3 current year estimated at $727,575. To record a budget transfer of $325,000 from project 388-94714, Downtown Redevelopment to project 388-94862, CarPro Site, to 4 provide fundding for the property purchased approved by the CRA on June 1, 2010. Item # 2