09/07/2010
COMMUNITY REDEVELOPMENT AGENCY
AGENDA
Location: Council Chambers - City Hall
Date: 9/7/2010- 9:00 AM
1. Call to Order
2. Approval of Minutes
2.1 Approve the minutes of the August 16, 2010 CRA Meeting as submitted in written summation by the City
Clerk.
Attachments
3. CRA Items
3.1 Approve a Contract For Purchase of Real Property with MNEK, Inc. to purchase real property described
as Pinellas County parcels 15-29-15-65286-000-0180, 0190 and 0191 within (PADGETT'S ESTATES,
PB4, Pg 11) together with Pinellas County parcels 15-29-15-58788-000-0280, 0290,and 0310 (within RE-
SUBDIVISION LOTS 11, 12,13,14, and 15 of PADGETT' S ESTATES, PB 12, Pg 24) for the sum of
$1,675,000, and authorize the appropriate officials to execute same, together with all documentation
required to effect closing; approve the terms and conditions of a loan in the amount of $1,900,000 from
the City of Clearwater (Central Insurance Fund) to the Community Redevelopment Agency (CRA) to
underwrite the aforementioned acquisition cost, as well as closing costs and site demolition costs, in the
amount of $1,900,000, at an interest rate consistent with the City cash pool rate-of-return and with an
amortization schedule providing interest-only payments through Fiscal Year 2012 and level debt service
(principal and interest) from Fiscal Year 2013 through Fiscal Year 2018.
Attachments
3.2 Approve an Interlocal Agreement between the CRA and the City of Clearwater to provide CRA funding
in FY 2010/2011 in the amount of $140,422.36 to underwrite the cost of additional Community Policing
Services by the Clearwater Police Department in the East Gateway CRA District, pursuant to the East
Gateway Five-Year Action Plan and authorize the appropriate officials to execute same.
2 Attachments
3.3 Approve the Interlocal Agreement with the Downtown Development Board (DDB) to provide personnel,
administrative and management responsibilities during Fiscal Year 2010-2011 in the amount of $62,170
and refund the CRA tax increment fee of $162,352.
Attachments
3.4 Adopt final budget amendments for the Community Redevelopment Agency for fiscal year 2009/10.
Attachments
3.5 Approve the Fiscal Year 2010-2011 Community Redevelopment Agency Proposed Budget and adopt
CRA Resolution 09-01.
Attachments
4. Other Business
4.1 Closing Intersection of Ft. Harrison and Cleveland Street for Blast Friday
Attachments
5. Adjourn
Meeting Date: 9/7/2010
Community Redevelopment
0 Agency Agenda
Council Chambers - City
Hall
SUBJECT / RECOMMENDATION:
Approve the minutes of the August 16, 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 3
COMMUNITY REDEVELOPMENT AGENCY MEETING MINUTES
CITY OF CLEARWATER
August 16, 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 - Assistant City Manager, Pamela K. Akin - City Attorney,
Cynthia E. Goudeau - City Clerk, and Rosemarie Call - Management Analyst.
Unapproved
1. Call to Order - Mayor Frank Hibbard
The meeting was called to order at 9:11 a.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the July 13, 2010 C RA Meeting as submitted in written
summation L he Clerk.
Trustee John Doran moved to approve the minutes of the July 13, 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 Recommend approval of amendments to the Clearwater Downtown
Redevelopment Ian.
City Council requested that the Planning and Development Department evaluate
the potential for outdoor display of bicycles along the Pinellas Trail within
Downtown and expand the uses allowed for the Clearwater Gas property in the
Old Bay Character District. Based on the research conducted and the direction
provided by Council, the Planning and Development Department is
recommending the following amendments to the Clearwater Downtown
Redevelopment Plan:
Community Redevelopment Agency 2010-08-16 Item #11
Attachment number 1
Page 2 of 3
1) The outdoor display of bicycles may be permitted in conjunction with retail
bicycle uses abutting the Pinellas Trail. Such display areas shall not be located
within the sight visibility triangle, in landscaped areas or in required parking
spaces and may only occur during business hours.
2) Properties located on Myrtle Avenue or Drew Street east of the Pinellas Trail
may retain their current functions and/or transition to a variety of uses including
offices, retail, medical facilities, governmental uses and mixed -use development.
Redevelopment of these properties should include a connection to the Pinellas
Trail and if deemed appropriate, be supportive of transit whether it be rail or bus
service. Proposed Ordinance 8192-10 contains two amendments to Chapter 3
Land Use/Redevelopment Plan of the Clearwater Downtown Redevelopment
Plan. One amendment adds a new Policy to the overall Goals, Objectives and
Policies section of the Plan to permit outdoor bicycle display in limited locations
within Downtown. The other amendment revises the Uses section of the Old Bay
District to allow a broad range of uses for property located in the Old Bay
Character District that front on either Drew Street east of the CSX railroad lines or
on Myrtle Avenue.
At its meeting on July 20, 2010, the Community Development Board reviewed and
unanimously recommended approval of the proposed amendments to the
Clearwater Downtown Redevelopment Plan.
The CRA has the authority and responsibility to make a recommendation on the
CRA Plan to the City Council. The Council has the authority for the final decision
on the amendments.
In response to questions, Planning and Development Assistant Director Gina Clayton
said the proposed changes address the uses found in downtown. The properties along
U.S. 19 abut the Pinellas Trail but do not have access to the trail. Amendments to
address roller blades and skate boards would require the ordinance to be re-written and
re-advertised.
Staff was directed to report in 6 months any issues and advise of any recommended
changes.
Concern was expressed regarding interest in retaining uses for medical facilities along
Ft. Harrison. Planning and Development Director Michael Delk said staff will investigate
and report.
Trustee George N. Cretekos moved to recommend approval of amendments to the
Clearwater Downtown Redevelopment Plan. The motion was duly seconded and carried
unanimously.
Community Redevelopment Agency 2010-08-16 Item #21
Attachment number 1
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4. Other Business - None.
5.
The meeting was adjourned at 9:26 a.m.
Attest
City Clerk
Chair
Community Redevelopment Agency
Community Redevelopment Agency 2010-08-16 Item #31
Meeting Date: 9/7/2010
Community Redevelopment
0 Agency Agenda
Council Chambers - City
Hall
SUBJECT / RECOMMENDATION:
Approve a Contract For Purchase of Real Property with MNEK, Inc. to purchase real property described as Pinellas County parcels
15-29-15-65286-000-0180, 0190 and 0191 within (PADGETT'S ESTATES, P134, Pg 11) together with Pinellas County parcels 15-
29-15-58788-000-0280, 0290,and 0310 (within RE-SUBDIVISION LOTS 11,12,13,14, and 15 of PADGETT'S ESTATES, PB 12,
Pg 24) for the sum of $1,675,000, and authorize the appropriate officials to execute same, together with all documentation required
to effect closing; approve the terms and conditions of a loan in the amount of $1,900,000 from the City of Clearwater (Central
Insurance Fund) to the Community Redevelopment Agency (CRA) to underwrite the aforementioned acquisition cost, as well as
closing costs and site demolition costs, in the amount of $1,900,000, at an interest rate consistent with the City cash pool rate-of-
return and with an amortization schedule providing interest-only payments through Fiscal Year 2012 and level debt service
(principal and interest) from Fiscal Year 2013 through Fiscal Year 2018.
SUMMARY:
The subject property comprises the bulk of the East Gateway block bounded by Cleveland Street on the South ; North Betty Lane
on the East; Grove Street on the North; and, North Lincoln Avenue on the West. I t includes all the parcels on the block owned by
MNEK, Inc., including the Economy Inn; former Royal Palm Motel; Viva Mexico restaurant; two duplexes on Grove Street and
one owner-occupied single family residence on the corner of Grove Street and North Betty Lane. It does not include three single-
family residences on Grove Street not under ownership of MNEK, Inc. The acquisition parcels total approximately 96,885 sq. ft., or
2.2 acres, according to Property Appraiser.
This property has presented an "acquisition opportunity" for the CRA at his time as the property has recently been listed for sale
and reductions in asking price have made the acquisition feasible for redevelopment purposes.
The rationale for acquiring these properties is:
The properties have become a major, continuing source of blight and inappropriate activity, which is materially affecting the CRA,
City and East Gateway community's efforts to stabilize and revitalize the East Gateway area. The magnitude of these problems far
exceeds other properties in the East Gateway area. For example, Police Department records indicate calls for service/complaints to
the Economy Inn alone during the last 12 months totaled 421---more than one call per day requiring Police attention.
The properties have become a significant drain on CRA and City resources at a time when these resources are revenue-constrained
and needed for other CRA and City priorities.
The parcels have a long history of repeated code and police problems, even across changes in ownership, indicating an uncertain
ability to resolve the problems through code enforcement or police action, without long and costly legal action with uncertain
outcome.
The assemblage represent a strategic, 2.2 acre redevelopment opportunity, at a critical location in the East Gateway, at a time when
surrounding parcels are making significant investment investments to stabilize the immediate area. The MNEK parcels acquisition
would allow the CRA to secure these investments and provide a significant opportunity to move forward the East Gateway effort.
The current "for sale" status of the parcels presents both an opportunity and a threat to the East Gateway effort. If the CRA fails to
acquire the parcels at this time, the opportunity may be lost and either continuation of the current situation will be experienced, or
the parcels will be sold, in their entirety or in part, presenting the possibility of continued problematic use. Time is thus of the
essence if the CRA is to assure that these parcels contribute in a positive way to supporting and consolidating the private sector
investment in and around the immediate area.
Funding for this acquisition is recommended to be a loan to the CRA from the City Central Insurance Fund in the amount of
$1.9Million dollars to cover acquisition, closing and demolition/stabilization of the parcels. The loan will be interest only for Fiscal
Year 2011 and Fiscal Year 2012, due to outstanding CRA commitments, with level debt service for the next six years. If the
property is sold prior to the loan being satisfied, the sale proceeds will go to pay off the loan. Cover Memo
An exemplary debt service schedule is attached to the Agenda Item, reflecting the current Insurance Fund rate of JIB ot2ling
3.5%. The loan terms will be structured in such a way that the Central Insurance Fund is completely made "whole" from an interest
standpoint in advancing the funds to the CRA. Interest payments will match the cash pool earnings rate of the Fund throughout the
loan period. A CRA Project Fund 388-94866, Economy Inn/MNEK, Inc., will be established and the loan proceeds deposited in that
account.
Staff recommends approval of the Contract for Purchase and the loan terms.
Type: Capital expenditure
Current Year Budget?: None Budget Adjustment: Yes
Budget Adjustment Comments:
See discussion in item background.
Current Year Cost: Annual Operating Cost:
Not to Exceed: $1.9 million Total Cost:
For Fiscal Year: to
Appropration Code Amount Appropriation Comment
388-94866 $1.9 million
Review 1) Financial Services 2) Office of Management and Budget 3) Clerk 4) Legal 5) Clerk 6) Assistant City Manager
Approval: ED 7) Clerk 8) City Manager 9) Clerk
Cover Memo
Item # 2
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CONTRACT FOR PURCHASE OF REAL PROPERTY
BY
THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA
PARTIES: M.N.E.K., a Florida corporation, 1274 Cleveland Street, Clearwater, Florida 33755, herein
"Seller"), and the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER,
FLORIDA, a public body corporate and politic of the State of Florida, 112 South Osceola Avenue,
Clearwater; Fl. 33756 (herein "Buyer" or "CRA" ), (collectively "Parties") hereby agree that the Seller
shall sell and Buyer shall buy the following real property ("Property") upon the following terms and
conditions.
1.
LEGAL DESCRIPTION: Pinellas County parcels 15-29-15-65286-000-0180, 0190 and 0191 within
(PADGETT'S ESTATES, PB. 4, Pg. 11) together with Pinellas County parcels 15-29-15-58788-000-
0280, 0290 and 0310 (within RE-SUBDIVISION LOTS 11, 12, 13, 14 AND 15 OF PADGETT'S
ESTATES, PB 12, Pg. 24) as all are more specifically described in Exhibit "A" appended hereto and
by this reference made a part hereof.
PERSONALTY: NONE (Seller, at Seller's sole expense and option, may remove prior to closing all
Property fixtures as described in Exhibit "B" appended hereto and by this reference made a part
hereof)
2. FULL PURCHASE PRICE ................................................................. $1,675,000.00
3. MANNER OF PAYMENT; City of Clearwater check in U.S. funds
at time of closing ......................................... $1,675,000.00
4. PURCHASE PRICE
The Full Purchase Price as shown herein has been reached through negotiations with the Seller
through Seller's representatives by City Economic Development staff as with reference to two current
"highest and best use" appraisal valuations, as improved.
5. TIME FOR ACCEPTANCE; APPROVALS
Following execution of this contract by Seller, the price, terms and conditions as contained herein shall
remain unchanged and be held unconditionally open for a period of 30 days following delivery in
duplicate original to CRA for acceptance and approval, or rejection by action of the CRA Board of
Directors. If this agreement is accepted and approved by the CRA, it will be executed by duly
authorized CRA officers and delivered to Seller within 10 days thereafter. If this contract is rejected by
the CRA upon initial presentation, this contract shall be null and void in all respects and Seller shall be
so informed in writing within 5 days of such action.
U:\CRAdacs\M.N.EX Purchase (rev) OB0420.dac Item 412ge 1
Page 2 of 9
6. TITLE
Seller warrants legal capacity to and shall convey marketable title to the Property by Statutory
Warranty, subject only to matters contained in Paragraph 7 acceptable to Buyer. Otherwise title shall
be free of liens, easements and encumbrances of record or known to Seller, but subject to property
taxes for the year of closing; covenants, restrictions and public utility easements of record; and no
others provided there exists at closing no violation of the foregoing and none of them prevents Buyer's
intended use of the Property.
7. TITLE EVIDENCE
Seller shall, at Seller expense and within 20 days following the Effective Date deliver to Buyer a title
insurance commitment issued by a Florida licensed title insurer agreeing to liens, encumbrances,
exceptions or qualifications set forth in this Contract, and those which shall be discharged by Seller at
or before closing. Seller shall convey a marketable title subject only to liens, encumbrances, exceptions
or qualifications set forth in this Contract. Marketable title shall be determined according to applicable
Title Standards adopted by The Florida Bar and in accordance with law. Buyer shall have 5 days from
receiving evidence of title to examine it. If title is found defective, Buyer shall, within 3 days thereafter,
notify Seller in writing specifying defect(s). If the defect(s) render title unmarketable, Seller will have
120 days from receipt of notice within which to remove the defect(s), failing which Buyer shall have the
option of either accepting the title as it then is or withdrawing from this Contract. Seller will, if title is
found unmarketable, make diligent effort to correct defect(s) in title within the time provided therefor,
including the bringing of necessary suits.
& SURVEY
Buyer, at Buyer's expense, within time allowed in paragraph 14(b) hereafter, may have Real Property
surveyed and certified to the Buyer, Seller and closing agent by a registered Florida land surveyor. If
survey shows any encroachment on Real Property, or that improvements located on Real Property
encroach on setback lines, easements, lands of others, or violate any restrictions, contract covenants or
applicable governmental regulation, the same shall constitute a title defect. The survey shall be
performed to minimum technical standards of the Florida Administrative Code and may include a
description of the property under the Florida Coordinate System as defined in Chapter 177, Florida
Statutes.
9. CLOSING PLACE AND DATE
[X ] Seller [ ] Buyer shall designate closing agent and this transaction shall be closed in the offices of
the designated closing agent in Pinellas County, Florida, within 30 days following termination of the
Inspection Period, unless extended by other provisions of this contract. If either party is unable to
comply with any provision of this contract within the time allowed, and be prepared to close as set forth
above, after making all reasonable and diligent efforts to comply, then Seller, at Seller's sole option,
may extend closing up to 15 days following delivery of written nofice to Buyer without being in default
hereunder, and without affect upon any other term, covenant or condition contained in this contract.
10. CLOSING DOCUMENTS
Seller shall furnish closing statements for the respective parties, deed, bill of sale (if applicabl'?& # 2
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mechanic's lien affidavit, mortgage estoppel letters, and corrective instruments. If Seller is a
corporation, Seller shall deliver a resolution of its Board of Directors authorizing the sale and delivery of
the deed and certification by the corporate Secretary certifying the resolution and setting forth facts
showing the conveyance conforms with the requirements of local law.
11. CLOSING EXPENSES
Documentary stamps on the deed, unless this transaction is exempt under Chapter 201.24, Florida
Statutes, shall be paid by the Seller. Seller shall also pay the costs of the Owner's Policy of Title
Insurance, recording any corrective instruments. Seller attorney fees, brokerage fees pursuant to
independent contract. Recordation of the deed and Buyer attorney fees shall be paid by Buyer.
12. PRORATIONS; CREDITS
Taxes, assessments, rent (if any) and other revenue of the Property shall be prorated through the day
before closing. Closing agent shall collect all ad valorem taxes uncollected but due through day prior to
closing and deliver same to the Pinellas County Tax Collector with notification to thereafter exempt the
Property from taxation as provided in Chapter 196.012(6), Florida Statutes. If the amount of taxes and
assessments for the current year cannot be ascertained, rates for the previous year shall be used with
due allowance being made for improvements and exemptions. Any deposits held by Seller in trust for
third parties in occupancy of the Property shall be credited to Buyer at time of closing. Assessments for
any improvements that are substantially complete at time of closing shall be paid in full by Seller.
13.000UPANCY
Seller warrants that there are no parties in occupancy other than the Seller, and authorized tenants as
of the Effective Date, or as otherwise disclosed herein. Seller agrees to deliver occupancy of the
Property at time of closing free and clear of all occupants and tenancies of any nature other than Seller.
Buyer assumes all risk of loss to Property from date of occupancy, shall be responsible and liable for
maintenance from that date, and shall be deemed to have accepted Property in its existing conditions
as of the time of taking occupancy unless otherwise stated herein or in separate writing.
14. PROPERTY CONDITION
Seller shall deliver the Property to Buyer at time of closing in its present "as is" condition, ordinary wear
and tear excepted, and shall maintain the landscaping and grounds in a comparable condition. Seller
makes no warranties other than is disclosed herein in Paragraph 19 ("SELLER WARRANTIES") and
marketability of title. Buyer's covenant to purchase the Property "as is" is more specifically represented
in either subparagraph 1. a. or b. as marked [X].
a. [ ] As Is: Buyer has inspected the Property or waives any right to inspect and accepts the Property
in its present "as is" condition.
b. [X] As Is With Right of Inspection: Buyer may, at Buyer expense and within 60 days following the
Effective Date ("Inspection Period"), conduct inspections, tests, environmental and any other
investigations of the Property Buyer deems necessary to determine suitability for Buyer's intended use.
Seller shall grant reasonable access to the Property to Buyer, its agents, contractors and assigns for
the purposes of conducting the inspections provided, however, that all such persons enter t409 ffty
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and conduct the inspections and investigations at their own risk. Seller will, upon reasonable notice,
provide utilities services as may be required for Buyer's inspections and investigations. Buyer shall not
engage in any activity that could result in a mechanics lien being filed against the Property without
Seller's prior written consent. Buyer may terminate this contract by written notice to Seller prior to
expiration of the Inspection Period if the inspections and/or investigations reveal conditions which are
reasonably unsatisfactory to Buyer. If Buyer fails to Notify Seller that Buyer is terminating this contract
as provided herein, then, in that event, it will be deemed Buyer is unequivocally obligated to
consummate the purchase of the Property in its then "AS IS" condition, subject only thereafter to
Seller having met and performed all other obligations and conditions of this contract and subject to
normal wear and tear through day of closing, and upon Seller not being in default of any obligations
under any of the terms and provisions of this contract.
15. WALK-THROUGH INSPECTION
At a time mutually agreeable between the parties, but not later than the day prior to closing, Buyer may
conduct a final "walk-through" inspection of the Property to determine compliance with any Buyer
obligations under Paragraphs 8, 13 and 14 and to insure that all Property is in and on the premises. No
new issues may be raised as a result of the walk-through.
16. SELLER HELD HARMLESS
Buyer is self insured, and subject to the limits and restrictions of the Florida Sovereign immunity statute,
F.S. 768.28, agrees to indemnify and hold harmless the Seller from claims of injury to persons or
property during the inspections and investigations described in Paragraph 14(b) resulting from Buyer's
own negligence only, or that of its employees or agents only, subject to the limits and restrictions of the
sovereign immunity statute.
17. PROCEEDS OF SALE: CLOSING PROCEDURE
The deed shall be recorded upon clearance of funds. Proceeds of sale shall be held in escrow by
Seller's attorney or by such other mutually acceptable escrow agent for a period of not longer than 5
days from and after closing, during which time evidence of title shall be continued at Buyer's expense to
show title in Buyer, without any encumbrances or change which would render Seller's title unmarketable
from the date of the last title evidence. If Seller's title is rendered unmarketable through no fault of the
Buyer, Buyer shall, within the 5 day period, notify the Seller in writing of the defect and Seller shall have
30 days from the date of receipt of such notification to cure the defect. If Seller fails to timely cure the
defect, all funds paid by or on behalf of the Buyer shall, upon written demand made by Buyer and within
5 days after demand, be returned to Buyer and simultaneously with such repayment, Buyer shall return
Personalty and vacate Real Property and reconvey it to Seller by special warranty deed. If Buyer fails
to make timely demand for refund, Buyer shall take title "as is", waiving all rights against Seller as to
any intervening defect except as may be available to Buyer by virtue of warranties contained in the
deed. The escrow and closing procedure required by this provision may be waived if title agent insures
adverse matters pursuant to Section 627.7841, F.S. (2009), as amended. It is the intention of the
parties that the closing agent will delete the gap exception from the title commitment at closing,
therefore making it possible to disburse settlement/closing funds, and the title insurer will insure against
possible existence of adverse matters or defects in the title which are recorded during the period of time
between the effective date of the commitment and the date of recording of the document creating the
estate or interest to be insured. Item # 2
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78. DEFAULT
If this transaction is not closed due to any default or failure on the part of the Seller, other than to make
the title marketable after diligent effort, Buyer may seek specific performance or unilaterally cancel this
agreement upon giving written notice to Seller. If this transaction is not closed due to any default or
failure on the part of the Buyer, Seller may seek specific performance or unilaterally cancel this
agreement upon giving written notice to Buyer. If a Broker is owed a brokerage fee regarding this
transaction, the defaulting party shall be liable for such fee.
19. SELLER WARRANTIES
Seller warrants that there are no facts known to Seller that would materially effect the value of the
Property, or which would be detrimental to the Property, or which would effect Buyer's desire to
purchase the property except as follows: See-Paragraph 14 -- B, No Warranties
22. RADON GAS NOTIFICATION
In accordance with provisions of Section 404.056(5), Florida Statutes (2009), as amended, Buyer is
hereby informed as follows:
RADON GAS: Radon is a naturally occurring radioactive gas that, when it
has accumulated in a building in sufficient quantities, may present
health risks to persons who are exposed to it over time. Levels of radon
that exceed federal and state guidelines have been found in buildings in
Florida. Additional information regarding radon and radon testing may be
obtained from your county public health unit.
23. CONTRACT NOT RECORDABLE; PERSONS BOUND
Neither this contract nor any notice of it shall be recorded in any public records. This contract shall bind
and inure to the benefit of the parties and their successors in interest. Whenever the context permits,
singular shall include plural and one gender shall include all.
24. NOTICE
All notices provided for herein shall be deemed to have been duly given if and when deposited in the
United States Mail, properly stamped and addressed to the respective party to be notified, including the
parties to this contact, the parties attorneys, escrow agent, inspectors, contractors and all others who
will in any way act at the behest of the parties to satisfy all terms and conditions of this contract.
25. ASSIGNABILITY: PERSONS BOUND
This contract [ ] is not assignable [x] is assignable. The terms "Buyer", "Seller", and 'Broker" (if any)
may be singular or plural. This Contract is binding upon Buyer, Seller, and their heirs, personal
representatives, successors and assigns (if assignment is permitted).
Item # 2
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26. ATTORNEYS FEES; COSTS
Each party shall be responsible for its own attorney's fees in connection with this Contract. In any
litigation arising out of this contract, each party shall be responsible for their own attorneys' fees and
costs.
27. TYPEWRITTEN OR HANDWRITTEN PROVISIONS
Typewritten or handwritten provisions shall control all printed provisions of contract in conflict with them.
28. BROKER REPRESENTATION
Buyer and Seiler warrant and represent to each other that they have not dealt or consulted with any real
estate broker or agent in connection with the Property or this transaction other than Complete
Commercial Realty (representing the Seller) and Colliers Arnold. Seller shall be responsible for a
brokerage fee of 2.5% of the Full Purchase Price to be paid at closing to Complete Commercial Realty
and an additional brokerage fee of 2.5% of the Full Purchase Price to be paid at closing to Colliers
Arnold. Buyer has no obligation for brokerage fee.
29. EFFECT OF PARTIAL INVALIDITY
The invalidity of any provision of this contract will not and shall not be deemed to affect the validity of
any other provision. In the event that any provision of this contract is held to be invalid, the parties
agree that the remaining provisions shall be deemed to be in full force and effect as if they had been
executed by both parties subsequent to the expungement of the invalid provision.
30. GOVERNING LAW
It is agreed by and between the parties hereto that this contract shall be governed by, construed, and
enforced in accordance with the laws of the State of Florida.
31. COUNTERPARTS; FACSIMILE COPY
This contract may be executed in two or more counterparts, each of which shall be deemed an original
and all of which together shall constitute one instrument. A facsimile copy of this contract, including any
addendum, attachments and any written modifications hereof, and any initials or signature thereon shall
be deemed an original.
32. EXHIBITS ATTACHED
Exhibit A (legal description of Parcel(s) and Exhibit B (fixtures to be removed by Seller prior to closing)
are attached hereto and made a part of this contract.
33. ENTIRE AGREEMENT
Upon execution by Seller and Buyer, this contract shall constitute the entire agreement between the
parties, shall supersede any and all prior and contemporaneous written and oral promises,
representations or conditions in respect thereto. All prior negotiations, agreements, memoral I
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writings shall be merged herein. Any changes to be made in this agreement shall only be valid when
expressed in writing, acknowledged by the parties and incorporated herein or attached hereto.
EXECUTED this of , 2010 by Seller.
M.N.E.K., Inc.
t
By: ?Lat- ?i
Maria A. Dedrick, President
APPROVED AND EFFECTIVE this
Countersigned:
Rod Irwin, its EXECUTIVE DIRECTOR
Approved as to form:
Laura Mahony, Assistant City Attorney
day of , 2010.
By:
COMMUNITY REDEVELOPMENT AGENCY
of the City of Clearwater, Florida
Frank V. Hibbard, its CHAIRMAN
Attest:
Cynthia E. Goudeau, City Clerk
Item # 2
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EXHIBIT "A"
Legal Descriptions
Per Warranty Deed recorded in O. R. Book 13030, Pgs. 821 - 822, Pinellas County public_ records
Lot 18, and the East 108.5 feet of Lot 19, LESS the East 20 feet of Lot 18, and the South 20 feet of
Lots 18 and 19, previously dedicated for road right-of-way purposes of THE PADGETT ESTATE
SUBDIVISION, according to the map or plat thereof on file in the Office of the Clerk of the Circuit Court
in and for Pinellas County, Florida, recorded in Plat Book 4, Page 11, said lands situate, lying and being
in Pinellas County, Florida.
AND
Lots 28, 29, 30 and 31, RE-SUBDIVISION LOTS 11, 12, 13, 14 AND 15 OF PADGETTS ESTATE,
according to the map or plat thereof on file in the Office of the Clerk of Circuit Court in and for Pinellas
County, Florida, recorded in Plat Book 12, Page 24, said lands situate, lying and being in Pinellas
County, Florida.
AND
Per Warranty Deed recorded in O. R. Book 13988, Pgs. 30 -- 31, Pinellas County public records
The West 100 feet of Lot 19, PADGETT ESTATES SUBDIVISION, according to the plat thereof
recorded in Plat Book 4, Page 11, Public Records of Pinellas County, Florida.
Item # 2
Page 8 of 9
Page 9 of 9
EXHIBIT "B"
Personal Items Be a ved Prior To Closing
Located in 20 N. Betty Lane -- Living room ceiling fan, 2 bedroom ceiling fans, kitchen light;
fixture, dining room light: fixture
Located in 1274 Cleveland Street -- Security system including all cameras and monitoring
equipment
Item # 2
Page 9 of 9
Attachment number 2
PI, 1, ? 1 of 1
Attachment number 3
Page 1 of 3
U_
MEMORANDUM
TO: Rod Irwin, Assistant City Manager
FROM: Geri Campos Lopez, CEcD, Economic Development & Housing Director
DATE: August 16, 2010
RE: Nuisance Business/Problematic Property - Economy Inn Motel, 1274 Cleveland St
INTRODUCTION
The Economy Inn Motel is a longstanding subject of resident and business owner complaints in
the East Gateway District. Typically, complaints focus on prostitution and drug activity that are
routinely conducted on the premises and the general unkemptness of the property.
Conditions at the Economy Inn generate inordinate demand for municipal services including law
enforcement and code enforcement, deter the city's economic development effort in downtown
and diminish the quality of life for people that live or work in the East Gateway District and
nearby neighborhoods.
This memorandum will serve to demonstrate that the Economy Inn is a major blight to
downtown, and that the direct and indirect costs of `business as usual' at this property warrant
city/CRA intervention.
BACKGROUND
Police Activity
Several motels in the East Gateway District are hotbeds of criminal activity. Many stakeholders
have asserted that these nuisance businesses are the district's top problem. This stakeholder
opinion is supported by an estimate that 75 percent of police activity in the district is related to
just four businesses:
• Economy Inn Motel, 1274 Cleveland St;
• Motel 21, 1488 Gulf to Bay Blvd;
• Hilltop Motel, 1385 Park St; and
• Budget Inn, 1471 Court St (district adjacent).
According to the Police Department, the Economy Inn is a significant problem, commanding
more police service than any other East Gateway property. From the beginning of this fiscal
year (September 1) to date (August 12, 2010), there have been 421 calls for service and 129
reports associated with the Economy Inn. Problems at this motel primarily stem from the volume
and diversity of criminal activity (refer to attached supporting statistics) and motel
management's lack of cooperation with law enforcement.
Code Enforcement Activity
Community Development Code Cases: The Economy Inn has been the subject of 16
Community Development Code cases from 2005 through 2009. Issues have ranged from
property maintenance (i.e., paint, broken windows and doors, mold/mildew), outdoor storage,
and vehicle sales. All cases were brought into compliance with the longest duration being three
months.
Item # 2
Attachment number 3
Page 2 of 3
Public Nuisance Code Cases: There were seven public nuisance cases from 2004 through 2009
mostly involving vehicles (i.e., inoperable, no tags/expired tags, flat tires). There were also
issues with the swimming pool and debris on the premises. The longest duration of a case was
one month and all cases were brought into compliance.
Housing Code Cases: There was one case in 2005 with a duration of four months and brought
into compliance.
Business Cases: There was one case in 2007 that was combined with other cases and taken to
the Code Board. Compliance was met within a four month period.
Community Activity
Concern about illicit activities at the Economy Inn is a monthly topic of discussion by the East
Gateway Business & Neighbors Association (BNA). At a recent BNA meeting, a resident
distributed a form from the Florida Department of Business & Professional Regulation Division
of Hotels and Restaurants for establishing a complaint concerning public lodging
establishments. In addition, the group has asked that the city explore nuisance abatement
procedures to force the problem motels out of business.
At the August BNA meeting, it was reported by the Police that a new consistent trend is that the
criminals are moving between the hotels along Cleveland Street, and stated that as an example
three men who were recently arrested and released moved from one hotel to the Economy Inn
Motel. In response to a recent shooting at that location, the BNA asked Police if there were
other options to pursue to close down the business.
Property Information
The Economy Inn is located at the northwest corner of Cleveland Street and Betty Lane in
downtown's East Gateway District. The 1.29-acre property is identified by the Property
Appraiser as #15-29-15-65286-000-0180. The property is owned by MNEK, Inc.
The block which includes the Economy Inn is comprised of nine parcels with a total land area of
approximately 2.53 acres. The Economy Inn owner, MNEK, Inc., owns six of those parcels
which represent approximately 2.22 acres or 88 percent of the total block area (see Table 1).
Table 1. Parcels within block at NW Corner of Cleveland St. & Betty Ln.
PROPERTY
SS
ADDR
OWNER
USE
LAND AREA (SF)2
1250 Cleveland St MNEK, Inc. Royal Palm Motel 21,000
1264 Cleveland St MNEK, Inc. Restaurant 4,085
1274 Cleveland St MNEK, Inc. Economy Inn Motel 56,125
1273 Grove St MNEK, Inc. Duplex 5,250
1277 Grove St MNEK, Inc. Duplex 4,875
20 Betty Ln MNEK, Inc. Single Family 5,550
TOTAL 96,885
2.22 AC
Source: Parcel data, Pinellas County Property Appraiser, 2010.
ANALYSIS OF OPPORTUNITY
The Economy Inn and several other parcels owned by MNEK, Inc. are listed for sale. The initial
purchase price of the Economy Inn Motel, former Royal Palm Motel, and the Viva Mexico
2
Item # 2
Attachment number 3
Page 3 of 3
Restaurant was listed in MLS for $2,250,000. There have been several reductions in price
subsequently. This listing for sale represents a prime opportunity for the CRA to acquire a major
source of blight and criminal activity in the area. Below are some key considerations for this
acquisition:
Key Considerations
• Eliminates the sole nuisance business and its negative impacts within the western
portion East Gateway District
• Rare opportunity to assemble a viably-scaled redevelopment block in the East Gateway
District and demolish blighted structures
• Opportunity to create a development asset (catalytic development) to further East
Gateway stabilization and revitalization goals (Five-Year Action Program)
• Opportunity to further stimulate critical mass that is organizing along Cleveland Street in
the vicinity of Cleveland Plaza anchored by Nature's Food Patch, Greektown Grille and
the recent tenants including Ultimate Medical Academy and Consumer Energy Solutions
at the mid-rise office building at 1255 Cleveland St., corner of Lincoln Avenue
• Ability to guide redevelopment that maximizes impact and benefit through a Request for
Proposals (RFP) process at the CRA's option
• Quality of redevelopment along Cleveland Street/Gulf to Bay Boulevard is critical to the
achievement of downtown goals
• Potential to stimulate investment and positive impact on CRA Trust Fund within CRA
timeframe
• Potential for a significant hold and carry period until redevelopment occurs
RECOMMENDATION
Given the benefits outlined above, staff recommends that the CRA pursue the purchase of
MNEK, Inc. parcels. The acquisition would benefit the East Gateway District, adjacent
neighborhoods and the community as a whole in the following ways:
1. Eradicate a focal point of criminal activity;
2. Reduce spread of criminal activity into adjacent neighborhoods;
3. Remove barrier to redevelopment and revitalization in the CRA; and
4. Reduce costs of municipal services that are currently directed at the Economy Inn.
If the property continues to operate as is or sold to another buyer that continues the current
business, conditions will remain largely unchanged and intense municipal services will need to
continue to be applied. We anticipate that there will be:
• Substantial indirect costs:
- Neighborhood deterioration or depopulation resulting in social, physical and
economic consequences
- Devaluation of adjacent properties, reducing investment potential of an area and
acting as a barrier to revitalization
- Impacts on adjacent neighborhoods
- Opportunity lost
• Substantial direct costs (Police, Code Enforcement, etc.)
3
Item # 2
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Attachment number 5
Page 1 of 1
Loan from City Central Insurance Fund to CRA
Property Purchase
Loan $ 1,900,000
Interest Rate 3.5% (will vary - int erest at cash pool rate)
Interest only FY11 and FY12 2 years
Principal and Interest FY13 - FY18 6 years
Level Payment FY13 - FY18 357,000.00
Interest Principal Principal Total Payment
Beginning Balance 1,900,000.00
FY11 66,500.00 - 1,900,000.00 66,500.00
FY12 66,500.00 - 1,900,000.00 66,500.00
FY13 66,500.00 290,500.00 1,609,500.00 357,000.00
FY14 56,332.50 300,667.50 1,308,832.50 357,000.00
FY15 45,809.14 311,190.86 997,641.64 357,000.00
FY16 34,917.46 322,082.54 675,559.09 357,000.00
FY17 23,644.57 333,355.43 342,203.66 357,000.00
FY18 11,977.13 345,022.87 (2,819.21) 357,000.00
2, 275, 000.00
Item # 2
Meeting Date: 9/7/2010
Community Redevelopment
0 Agency Agenda
Council Chambers - City
Hall
SUBJECT / RECOMMENDATION:
Approve an Interlocal Agreement between the CRA and the City of Clearwater to provide CRA funding in FY 2010/2011 in the
amount of $140,422.36 to underwrite the cost of additional Community Policing Services by the Clearwater Police Department in
the East Gateway CRA District, pursuant to the East Gateway Five-Year Action Plan and authorize the appropriate officials to
execute same.
SUMMARY:
The CRA approved the East Gateway District Five -Year Action Program on May 13, 2008. The Action Program responded to
public input on the issues of drug dealing, prostitution and street crime by including an action item for increased police presence
and crime reduction within the East Gateway District.
An allowable funding source of this action item is the use of CRA Tax Increment Financing (TIF) funds. Florida Statues allows for
the use of TIF funds for "community policing innovations" in Community Redevelopment Areas.
The CRA and Clearwater Police Department have reached an agreement on a proposed scope of services and terms as delineated in
the Interlocal Agreement. Included in the scope is the delineation of specific, measurable crime reduction targets by which to
monitor the success of the initiative as well as providing clear language required by statute assuring that the resources are applied to
the CRA/East Gateway area.
Funding will be from the CRA East Gateway Project account (388-94849).
Appropration Code
388-94849
Amount Appropriation Comment
$140,422.36
Review 1) Financial Services 2) Office of Management and Budget 3) Clerk 4) Legal 5) Clerk 6) Assistant City Manager
Approval: ED 7) Clerk 8) City Manager 9) Clerk
Cover Memo
Item # 3
Attachment number 1
Page 1 of 6
INTERLOCAL AGREEMENT
This Interlocal Agreement is made and entered into this day of
, 2010 by and between the Community Redevelopment Agency
of the City of Clearwater, Florida (CRA), a redevelopment agency established
pursuant to law, and the City of Clearwater (CITY), a municipal corporation of the
State of Florida.
WHEREAS, this Agreement is made and entered between the parties
pursuant to Section 163.01, Florida Statutes, the "Florida Interlocal Cooperation
Act of 1969"; and
WHEREAS, Section 163.361(1) of the Florida Statutes allows for the use
of Tax Increment Funding (TIF) funds for community policing innovations in
Community Redevelopment Areas; and
WHEREAS, the CRA has established a Five Year Plan that contains an
East Gateway Character District Strategy, which includes the element to "provide
a more visible community policing presence within the East Gateway
neighborhood"; and
WHEREAS, the CRA has ascertained that the East Gateway area
continues to experience a critical need for an enhanced community policing
presence in order to specifically reduce drug dealing, prostitution, and street
crimes in the target area; and
WHEREAS, the CRA and the CITY entered into an Interlocal Agreement
during the Fiscal Year 2009/2010 in order to provide for the CRA's financial
contribution to an additional community policing presence by the CITY in the East
Gateway area above and beyond the current activity levels; and
WHEREAS, the CRA has funded two police officers for Fiscal Year
2009/2010 and wants to continue the use of TIF funds to fund the program; and
WHEREAS, the CRA and the CITY want to enter into another Interlocal
Agreement during the Fiscal Year 2010/2011, outlining the scope of services and
responsibilities of the parties.
NOW THEREFORE, in consideration of the covenants made by each
party to the other and of the mutual advantages to be realized by the parties
hereto, the CRA and the CITY agree as follows:
Section 1. Term. The term of this Interlocal Agreement will be October
1, 2010 through September 30, 2011.
Item # 3
Attachment number 1
Page 2 of 6
Section 2. Intent. It is the intent of the parties that the TIF funds paid to
the CITY by the CRA pursuant to Section 163.361(1), Florida Statutes, be used
to provide a more visible community policing presence within the East Gateway
neighborhood.
Section 3. Responsibilities of the CRA
Function:
A. Provide TIF funding in the total amount of $140,422.36 for
the contract year, said funds to be utilized by the Clearwater
Police Department (CPD) to provide the community policing
presence, to be allocated in the following manner:
B. $138,742.36 to pay for the salaries, and benefits for two (2)
police officers for the contract year. Exhibit "A," Position
Enhancement Fact Sheet, attached hereto and incorporated
by reference, contains detailed specifications on salary and
benefits.
C. $1,680, the estimated fuel cost for the contract year for a
police vehicle used by the two (2) police officers within the
East Gateway Area.
Section 4. Responsibilities of the CITY
Scope of Duties. The services that the CITY will provide will be
carried out the CPD. These services are:
A) Implementation of a Law Enforcement Strategy in the East
Gateway area as follows:
Goal: Reduce drug dealing, prostitution, and street crimes.
1. Objective 1: Remove identified dealers and career criminals
from the area.
Tasks:
a) Identify the drug dealers and gang members in the
area
b) Gather intelligence information utilizing undercover
techniques and surveillance equipment.
C) Develop confidential informants to assist in furthering
criminal investigations of the "worst of the worst"
offenders.
Outcome Measures:
2 Item # 3
Attachment number 1
Page 3 of 6
a) Develop two (2) confidential informants in the target
area.
b) Increase by 25% the number of criminal charges filed
against drug dealers in the target area.
C) Increase by 25% the number of FIR's/Reports
identifying suspected gang members in the target
area.
2. Objective 2: Reduce incidence of prostitution and
solicitations by "Johns" in the target area.
Tasks:
a) Conduct reverse prostitution "stings" utilizing police
officers as decoys.
b) Utilize directed patrol to discourage prostitutes and
"Johns" from frequenting the area.
C) Impound vehicles of "Johns) who are arrested for
soliciting prostitutes or police decoys in the area.
d) Coordinate with the City's Community Response
Team to enhance code enforcement in the target area
relative to properties that are in disrepair and
negatively impact the quality of life in the East
Gateway.
Outcome measures:
a) Conduct minimum of three (3) reverse sting
operations annually.
b) Conduct quarterly inspections in conjunction with
Community Response Team of properties that are in
disrepair and negatively impact the quality of life in
the East Gateway.
3. Objective 3: Reduce crimes committed by and against
homeless individuals in the target area.
Tasks:
a) Utilize directed patrol in areas known to be frequented
by homeless individuals.
b) Enforce "Rules of Conduct" as set forth by the
Clearwater Homeless Intervention Project (including
prohibitions against panhandling, public drinking,
public urination, loitering, etc.)
Outcome Measures:
a) Increase arrests and citations for violations of criminal
law or ordinances by 25% over a five-year period.
b) Increase trespass warnings within the East Gateway
area by 25% over a five-year period.
3 Item # 3
Attachment number 1
Page 4 of 6
B) In order to carry out the Law Enforcement Strategy above,
the CDP will provide the following:
1. Two (2) fully equipped police officers to provide law
enforcement services to the target area defined as the East
Gateway for a minimum of eight (8) hours per day, five (5)
days per week.
2. Specific duties, activities, and responsibilities:
a) The officers will be assigned to a Community Policing
Team with geographical responsibility for the East
Gateway.
b) The Team assignment will always ensure coverage
by two (2) officers.
C) Schedules of the officers will vary, but coverage will
be predominately during evening hours.
d) Officers will patrol by both vehicles and bicycles.
e) A report of police activities and statistical information
will be provided to the CRA on a scheduled basis.
f) The officers selected will be experienced, current
member of the CPD.
3. An existing, fully-equipped Crown Victoria Police Car.
C) All CRA funds pursuant to this agreement will be kept in the
CPD's departmental account.
D) No charges to the CRA account will be made for activities or
hours worked by the two (2) officers outside the CRA area or
for equipment used outside the CRA area.
E) Other administrative duties as mutually agreed.
Section 5. Notice. Sixty (60) days notice by either party to the
other pursuant to the Interlocal Agreement shall be given in writing and hand-
delivered or mailed as follows:
Chairperson, Board of Trustees
Community Redevelopment Agency
112 South Osceola Avenue
Clearwater, Florida 33756
City of Clearwater
Attn: Rod Irwin, Asst City Mgr. for Econ. Development
112 South Osceola Avenue
Clearwater, Florida 33756
Telephone: (727) 562-4040
4 Item # 3
Attachment number 1
Page 5 of 6
Section 6. Entire Agreement. This document embodies the whole
Agreement of the parties. There are no promises, terms, conditions or
allegations other than those contained herein. This Agreement shall be binding
on the parties, their successors, assigns and legal representatives.
Section 7. Indemnification. The CRA and the CITY agree to be fully
responsible for their own acts of negligence, or their respective agents' acts of
negligence when acting within the scope of their employment, and agree to be
liable for any damages resulting from said negligence only to the extent permitted
by Section 768.28, Florida Statutes. Nothing herein is intended to nor shall it be
construed as a waiver of any immunity from or limitation from liability that the
CRA and the CITY are entitled to under the doctrine of sovereign immunity
(Section 768.28, Florida Statutes). Nothing herein shall be construed as consent
by the CRA or the CITY to be sued by third parties in any manner arising out of
this Agreement.
Section 8. Maintenance of Effort. The expenditures authorized by this
Agreement are solely and exclusively to increase community policing activity and
resources. The City agrees that no diminishment of existing police efforts in the
East Gateway will occur as a result of this agreement.
Section 9. Filing Effective Date. As required by Section
163.01(11), Florida Statutes, the Interlocal Agreement shall be filed with the
Clerk of the Circuit Court of Pinellas County after execution by the parties, and
shall take effect upon the date of filing.
IN WITNESS WHEREOF, the parties hereto, or their law representatives,
have executed this agreement as the date first above written.
COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CLEARWATER, FLORIDA
By:
Frank Hibbard, Chairperson
ATTEST:
By:
Rosemarie Call, City Clerk
Item # 3
Attachment number 1
Page 6 of 6
Countersigned: CITY OF CLEARWATER, FLORIDA
Frank V. Hibbard
Mayor
Approved as to form:
Pamela K. Akin
City Attorney
Bv:
William B. Horne II
City Manager
Attest:
Rosemarie Call
City Clerk
6
Item # 3
Attachment number 2
Page 1 of 1
8/25/2010-233 PM
CRA Officers
Base Salary
Pension (24%)
EXHIBIT "A"
Position Enhancement Fact Sheet
Police Department - CRA Funded Officers
For FY 2010/11
Social Security (1.45%)
Major Medical
Life Insurance
1 Officer
Step 3
49,029.24
11, 767.02
710.92
6,200.00
10.00
Workers Compensation 1,654.00
69,371.18
Fuel
1680
2 Officers
Step 3
98,058.48
23,534.04
1,421.85
12,400.00
20.00
3,308.00
138,742.36
Item # 3
Meeting Date: 9/7/2010
Community Redevelopment
0 Agency Agenda
Council Chambers - City
Hall
SUBJECT / RECOMMENDATION:
Approve the Interlocal Agreement with the Downtown Development Board (DDB) to provide personnel, administrative and
management responsibilities during Fiscal Year 2010-2011 in the amount of $62,170 and refund the CRA tax increment fee of
$162,352.
SUMMARY:
Florida Statutes 163.387 requires all taxing authorities, which includes the DDB, to make an annual appropriation in an amount
equal to the incremental increase in the ad valorem revenue within the CRA area. The DDB'S increment payment is $162,352
according to the Pinellas County Property Appraiser's office. In a spirit of cooperation to further the downtown redevelopment
plan, the CRA Trustees executed the first Interlocal Agreement in FY 1999-2000 to provide personnel, administrative and
management responsibilities to the DDB and to refund the difference between the increment payment and the management fee. This
is the eleventh fiscal year that the CRA would enter into the agreement.
Pursuant to Florida Statute 163.01, the CRA and DDB can enter into this agreement in which the DDB agrees to perform certain
responsibilities and functions including funding projects and programs consistent with and in furtherance of the downtown
redevelopment plan. The intent of this agreement is for the DDB and the CRA to work collaboratively on projects and programs
that further downtown goals and objectives. For the second year in a row, downtown retail and restaurant recruitment programs and
downtown events are the focus for the CRA and the DDB collaboration. The management of the DDB by CRA staff enables the
CRA and the DDB to utilize the public dollars more efficiently.
The agreement also outlines the DDB'S commitment to financially support the construction debt service, operation and maintenance
of the boat slips, docks, boardwalk, promenade and related facilities proposed to be constructed on the Downtown Waterfront. The
DDB has made four contributions of $50,000 since April 2007. Due to the economy, the City determined that it was not in the best
interest of the City and the taxpayers to borrow funds for construction of the boat slips. Instead, the City is paying for the majority
of the construction costs from City reserves. Any of the annual DDB contribution not needed for operations of the boat slips will
be used to reimburse the City for the cost of construction. The intent of the DDB is to contribute up to $50,000 a year for 10 years
for a total not to exceed $500,000.
The DDB shall pay the CRA $62,170 for the services agreed to in the Interlocal Agreement.
The DDB approved the Interlocal Agreement at their meeting on August 4, 2010.
Review 1) Financial Services 2) Office of Management and Budget 3) Clerk 4) Legal 5) Clerk 6) Assistant City Manager
Approval: ED 7) Clerk 8) City Manager 9) Clerk
Cover Memo
Item # 4
Attachment number 1
Page 1 of 5
INTERLOCAL AGREEMENT
This Interlocal Agreement is made and entered into this
day of , 20107 by and between the Community
Redevelopment Agency of the City of Clearwater, Florida (CRA), a
redevelopment agency established pursuant to law, and the Downtown
Development Board (DDB), a special district organized and operating pursuant to
the ordinances and laws of the City of Clearwater.
WHEREAS, Florida Statutes 163.387 requires all taxing authorities to
make an annual appropriation in an amount equal to the incremental increase in
the ad valorem revenue within the CRA area; and
WHEREAS, the DDB is a taxing authority within the meaning of the
statute; and
WHEREAS, the CRA and the DDB in the spirit of cooperation desire to
offer the downtown constituents the opportunity to utilize more efficiently the
public dollars collected for each entity; and
WHEREAS, the CRA and the DDB have a special obligation to ensure
wise and sound administration of the programs; and
WHEREAS, the CRA and the DDB desire to enter into an Interlocal
Agreement outlining the scope of services and responsibilities of the parties; and
WHEREAS, the DDB desires to financially support the construction debt
service, operation, and maintenance of the boat slips, docks, boardwalk,
promenade and related facilities proposed to be constructed in the Downtown
Waterfront ("Proposed Facilities"); and
WHEREAS, the CRA and the DDB wish to enter into an Interlocal
Agreement pursuant to Florida Statutes 163.01, in order to provide for the DDB's
contribution to the Proposed Facilities; and
WHEREAS, the CRA and the DDB wish to enter into an Interlocal
Agreement pursuant to Florida Statues 163.01, in which the DDB agrees to
perform certain responsibilities and functions consistent with and in furtherance
of the Downtown Redevelopment Plan, in return for an amount equal to the
difference between the increment payment of $162,352 and the $62,170 the
DDB pays the CRA for administration.
1 2010-11 CRA/DDB Interlocal Agrelt& # 4
Attachment number 1
Page 2 of 5
NOW THEREFORE, in consideration of the covenants made by each
party to the other and of the mutual advantages realized by the parties hereto,
the DDB and the CRA agree as follows:
Section 1. Term. The term of this Interlocal Agreement will be October 1,
2010 through September 30, 2011.
Section 2. Intent. It is the intent of the parties that the moneys paid to
the CRA by the DDB pursuant to Florida Statutes 163.387, commonly referred to
as the tax increment payment, be used to advance the goals and objectives of
the Downtown Redevelopment Plan. The CRA shall retain $62,170 to offset the
cost of administration of the DDB as further described herein. The remaining
money shall be returned to the DDB by the CRA in exchange for performance of
certain responsibilities and functions consistent with and in furtherance of the
Downtown Redevelopment Plan, by the DDB. Further, with the approval of the
Proposed Facilities by the voters at referendum on March 13, 2007, it is the
intent of the DDB to provide for a contribution over 10 years in an amount not to
exceed $500,000, to the cost of construction debt service, operation, and
maintenance of the Proposed Facilities.
Section 3. Responsibilities of the DDB.
1. Function:
a. Collaborate with the CRA on projects and programs, which
succeed in bringing businesses and residents into the
downtown district
b. Focus on business and enterprise development, job creation
and initiatives related to increasing income and employment
opportunities
c. Encourage public-private partnerships to promote business
relocation and expansion
d. Market, promote and assist with business recruitment
e. Interact with constituents and facilitate activities that sustain,
promote and advance downtown revitalization
f. Be active in the administration of downtown initiatives
g. Develop short- and long-term strategies, define roles and assign
responsibilities to implement those strategies
Section 4. Responsibilities of the CRA.
1. Scope of Duties. The services that the CRA will provide are-
a. Prepare correspondence for DDB members
2 2010-11 CRA/DDB Interlocal Agrelte # 4
Attachment number 1
Page 3 of 5
b. All DDB funds will be kept in the City's bank account and will be
segregated for accounting purposes in the City's records as a
separated, interest-earning fund
c. Assist with preparation and monitoring of the annual budget and
prepare amendments as necessary
d. Prepare monthly financial reports
e. Prepare agendas and distribute packets to DDB members prior
to each meeting
f. Prepare meeting notices for monthly and special DDB meetings
g. Attend meetings and supervise work of Board Reporter who
records and transcribes minutes
h. Coordinate the DDB Promotion and Business Visitation
Committee meetings
i. Handle all phone inquires and follow up on the calls
j. Handle any special mailing notices
k. Serve as coordinator for the DDB special activities
1. Administer the Retail and Restaurant Recruitment Grant,
Facade Improvement and the Sidewalk Cafe Furniture Grant
programs
m. Assist in looking into other incentive options to improve
downtown properties and implement projects funded or initiated
by the Board
n. Assist with promoting design related programs to the downtown
community
o. Manage loans, contracts and all applicable documents
p. Coordinate field trips and travel arrangements in accordance
with the City of Clearwater Travel and Meals Policy
q. Other administrative duties as mutually agreed
r. Coordinate the annual election process in cooperation with the
Pinellas County Supervisor of Elections
s. Act as a Liaison to the Pinellas County Property Appraiser,
Pinellas County Tax Collector, and DDB legal counsel: Elise K.
Winters, P.A.
t. Assure that the annual audit is conducted in compliance with
State of Florida Auditor General
u. Comply with State of Florida Tax Increment Millage Compliance
with Chapter 200, Florida Statutes, Sections 218.23, 218.63,
Florida Statutes (TRIM)
v. Comply with the Florida Department of State Information
Services Records Disposition Act
w. Comply with the State of Florida Department of Community
Affairs Special District Information Program
x. Comply with the State of Florida Department of Insurance
Treasurer's Public Depositor Annual Report
y. Coordinate financial disclosure requirements of the State of
Florida Commission on Ethics
3 2010-11 CRA/DDB Interlocal Agrelte # 4
Attachment number 1
Page 4 of 5
Section 5. Compensation. In return for the above services, the CRA
shall pay to the DDB this difference upon receiving the increment payment from
the DDB. The budget for the CRA for services listed in Section 4 above shall be
as follows:
Personnel and Administration $62,170
Section 6. Contribution by DDB. The DDB shall contribute $50,000
toward the cost of construction debt service, operation, and maintenance of the
Proposed Facilities. Said payment shall be made upon request of and at the
direction of the CRA. It is the intent of the parties that the DDB shall contribute
up to $50,000 a year for 10 years for a total not to exceed $500,000, subject to
annual approval of future agreements. DDB made the first payment of $50,000
in April 2007, and subsequent yearly payments of $50,000 in April 2008, August
2009 and January 2010. Due to the economy, the City determined that it is not in
the best interest of the City and the taxpayers to borrow funds for construction of
the boat slips. Instead, the City is paying for the majority of the construction
costs from City reserves and any of the annual DDB contribution not needed for
operations of the boat slips, will be used to reimburse the City for the cost of
construction.
Section 7. Notice. Any notice by either party to the other pursuant to the
Interlocal Agreement shall be given in writing and hand-delivered or mailed as
follows:
Chairperson, Board of Trustees
Community Redevelopment Agency
112 S. Osceola Avenue
Clearwater, Florida 33756
Chairperson
Downtown Development Board
Post Office Box 4748
Clearwater, Florida 33758-4748
Section 8. Entire Agreement. This document embodies the whole
Agreement of the parties. There are no promises, terms, conditions or
allegations other than those contained herein. This Agreement shall be binding
on the parties, their successors, assigns and legal representatives.
Section 9. Filing Effective Date. As required by Section 163.01(11),
Florida Statutes, the Interlocal Agreement shall be filed with the Clerk of the
Circuit Court of Pinellas County after execution by the parties, and shall take
effect upon the date of filing.
4 2010-11 CRA/DDB Interlocal Agrelte # 4
Attachment number 1
Page 5 of 5
IN WITNESS WHEREOF, the parties hereto, or their lawful representative,
have executed this agreement as the date first above written.
COMMUNITY REDEVELOPMENT AGENCY
BY:
Chairperson, Board of Trustees
Frank Hibbard
Approved as to form: Attest:
Pamela K. Akin Cynthia E. Goudeau
City Attorney City Clerk
DOWNTOWN DEVELOPMENT BOARD
BY:
David Allbritton, Chairperson
2010-11 CRA/DDB Interlocal Agrelte # 4
Meeting Date: 9/7/2010
Community Redevelopment
0 Agency Agenda
Council Chambers - City
Hall
SUBJECT / RECOMMENDATION:
Adopt final budget amendments for the Community Redevelopment Agency for fiscal year 2009/10.
SUMMARY:
There are no budget amendments proposed to the Community Redevelopment Agency operating budget at this time.
CRA capital project amendments reflect a net increase of $58,762.26.
Significant capital project amendments include:
The establishment of two new capital projects to capture expenditures for the Main Street Clearwater Development (Tony's Pizza)
and the Rule Development (Bellini's Casanova) projects. Both of these development agreements had been previously approved by
the Board.
To transfer $230,000 from Downtown Redevelopment to the Station Square Redevelopment project code to provide for the final
commitment for the reimbursement of impact fees according to the Station Square Development Agreement.
To transfer $50,000 from Downtown Redevelopment to Retail Attraction/Assistance to fund downtown restaurant and retail
recruitment activities per the CRA approved Retail Recruitment Strategy.
All capital project amendments are outlined on the CRA Capital Improvement Project Fund Final Review worksheet.
Review 1) Financial Services 2) Office of Management and Budget 3) Clerk 4) Assistant City Manager 5) Clerk 6) City
Approval: Manager 7) Clerk
Cover Memo
Item # 5
Attachment number 1
Page 1 of 2
Community Redevelopment Agency
Final Review
For the Ten Month Period of October 1, 2009 - July, 2010
2009/10 Mid Year Final 2009/10
Adopted Amended Proposed Amended Amend
Budqet Budqet Amendments Budqet Ref
Revenues & Transfers In
Tax Increment Financing Revenues
338930 Pinellas County 1,150,952 1,125,891 1,125,891
381115 City of Clearwater 1,217,557 1,189,185 1,189,185
381116 Downtown Development Board 201,767 196,789 196,789
Total TIF Revenues 2,570,276 2,511,865 2,511,865
Other Revenues
361101 Interest Earnings 30,000 200,000 200,000
369901 Other General Revenue
Transfers In
381782 DDB Administration 59,779 59,779 59,779
381782 Loan Payment From DDB 7,848 7,848 7,848
381888 Interest from Fund 388 588,647 588,647
Total Revenues & Transfers In 2,667,903 3,368,139 3,368,139
Expenditures & Transfers Out
Operating Expenditures
530100 Professional Services 60,000 60,000 60,000
530300 Contractual Services - -
540200 Document Reproduction 10,000 10,000 10,000
540300 Telephone Variable 1,500 1,500 1,500
540700 Postal Service 2,000 2,000 2,000
541500 Garage Variable 3,600 3,600 3,600
542300 Gas, Water, Sanitation - -
542500 Postage 50 50 50
543100 Advertising 10,000 10,000 10,000
543200 Other Promotional Activities 10,000 10,000 10,000
543400 Printing & Binding 500 3,200 3,200
547100 Uniforms 150 150 150
547200 Employee Expense-Travel 6,500 6,500 6,500
548000 Other Services 2,200 2,200 2,200
550100 Office Supplies 1,000 1,000 1,000
550400 Operating Supplies 3,000 3,000 3,000
557100 Memberships and Subscriptions 4,000 4,000 4,000
557300 Training and Reference 4,000 4,000 4,000
581000 Payments to Other Agencies-DDB 201,767 196,789 196,789
582000 Aid to Private Organizations 6,000 6,000 6,000
Total Operating Expenditures 326,267 323,989 323,989
Transfers Out -
590200 General Fund- Administrative 309,599 309,599 309,599
590800 East Gateway Project (94849) 136,785 136,785 136,785
590800 Cleveland Street Maintenance (99968) 22,000 22,000 22,000
590800 Waters Edge (Opus) 148,241 148,241 148,241
590800 Station Square DA 230,000 230,000 230,000
590800 Marriott Residence Inn (94856) 34,539 34,539 34,539
590800 Restricted County TIF Funds 1,150,952 1,125,891 1,125,891
590800 Fagade Improvement Grant Fund 50,000 50,000 50,000
590800 Downtown Redevelopment Fund 34,520 762,095 762,095
590800 Affordable Housing Projects (94851) 25,000 25,000 25,000
590800 Retail Attraction/Assistance (94852) 100,000 100,000 100,000
590800 Cleveland Street Branding (94853) 100,000 100,000 100,000
Total Transfers Out 2,341,636 3,044,150 3,044,150
Total Expenditures & Transfers Out 2,667,903 3,368,139 3,368,139
Excess of Revenues & Transfers In Over
Expenditures & Transfers Out - - -
Budget Amendments to Operating Budget
No further amendments are proposed for the CRA operating fund.
Item # 5
Attachment number 1
Page 2 of 2
Community Redevelopment Agency
CRA Capital Improvement Project Fund
Final Review
For the Ten Month Period of October 1, 2009 - July, 2010
Mid Year
Amended
Budget
Revenue
Interest Earnings 588,647
Expenditures
Transfer to CRA Operating Fund 588,647
Project Amendments
Mid Year Final Actual Expenditures
Project Budget Amended Proposed Amended Project Open Available Amend
# Description 10/1/2010 Budget Amendment Budget To Date Encumbr Balance Ref
388-92269 Downtown Streetscape 532,522 20,920 20,920 20,920 0
388-92275 Downtown Streetscape Phase II 1,574,000 2,060,541 2,060,541 95,444 1,965,098
388-93405 Downtown Boat Slips 1,000,000 1,000,000 1,000,000 1,000,000 0
388-94714 Downtown Redevelopment 1,743,071 2,145,646 -351,356 1,794,289 106,836 80,033 1,607,420
388-94765 IMR Development 99,271 99,271 99,271 4,660 94,611
388-94847 Clearwater Centre-1100 Cleveland 1,040,000 1,040,000 1,040,000 505,917 534,083
388-94848 Station Square Park 800,000 800,000 800,000 800,000 0
388-94849 East Gateway 429,169 429,169 429,169 204,233 224,936
388-94851 Affordable Housing 250,000 250,000 250,000 250,000
388-94852 Retail Attraction/Assistance 365,000 365,000 50,000 415,000 178,656 50,850 185,493
388-94853 Cleveland District Branding 176,000 176,000 176,000 3,671 172,329
388-94855 Cleveland Auto EPA Loan 350,000 350,000 350,000 298,827 48,087 3,087
388-94856 Marriott Residence Inn 212,539 212,539 212,539 178,000 34,539
388-94859 Station Square Development 230,000 230,000 230,000 460,000 460,000
388-94860 Water's Edge (Opus) 288,373 288,373 288,373 276,461 11,912
388-94862 CarPro Site 325,000 325,000 300,126 24,874
388-99963 Economic Development Incentive 153,861 153,861 153,861 42,525 111,336
388-99964 Main Street Clearwater Development 50,000 50,000 50,000
388-99965 Rule Development 80,119 80,119 80,119
388-99968 Cleveland Street Maintenance 72,676 72,676 72,676 12,974 59,701
388-99979 Historical Facade Program 262,165 262,165 262,165 53,898 208,267
388-99881 Clearwater Auto Site - General 187,659 187,659 187,659 3,245 184,414
388-99886 Mediterranean Village 259,538 259,538 259,538 44,708 992 213,838
Total 10,025,843 10,728,357 58,762 10,787,119 4,131,101 179,962 6,476,056
Budget Amendments to Projects
1 To reflect a budget increase to recognize the year-end cash balance of the CRA Fund for the 2009 fiscsal year of $58,762.26.
To recognize the transfer of $230,000 from project 388-94714, Downtown Redevelopment project to 388-94859, Station Square Redevelopment
2 to provide for the final commitment for the reimbursement of impact fees according to the Station Square Development Agreement.
To record a budget transfer of $100,000 from project 388-94714, Downtown Redevelopment to project 388-94852, Retail Attraction/Assistance, to
3 fund downtown restaurant and retail recruitment activities per the CRA approved Retail Recruitment Strategy.
To establish a new project 388-94864, Main Street Clearwater Development and transer $50,000 from 388-94852, Retail Attraction/Assistance.
4 This development agreement for Tony's Pizza Restaurant was approved by the Board on 7/13/2010.
To establish a new project 388-94865, Rule Development and transfer $80,118.62 from 388-94714, Downtown Redevelopment. This
5 development agreement with Rule LLP for "Bellini's Casanova" was approved by the Board on 6/1/2009.
1,2,3,5
3,4
Item # 5
Meeting Date: 9/7/2010
Community Redevelopment
0 Agency Agenda
Council Chambers - City
Hall
SUBJECT / RECOMMENDATION:
Approve the Fiscal Year 2010-2011 Community Redevelopment Agency Proposed Budget and adopt CRA Resolution 09-01.
SUMMARY:
The major highlights of the Fiscal Year 2010-2011 proposed budget are as follows:
Tax Increment revenues decreased by $ 597,700 due to a 14% decrease in Assessed Value--a 12% decrease in the old Downtown
CRA (Downtown) and a 19% decrease in the expanded CRA area (East Gateway).
Operating expenditures are decreased by $ 43,987 or 13.5% largely due to the decrease in "pass through" funds for the DDB
because of the lower assessed values. Net of the DDB "pass through" the operating expenditures are decreased by $ 9,550, which
represents a 7.5% decrease.
This year the General Fund-Administrative contribution from the CRA reflects the allocation of 100% of the cost of the Community
Development Coordinator position in Economic Development to the CRA, compared with a 30% allocation in Fiscal Year 2009-
2010. The Work Program for the position in Fiscal Year 2010-2011 is anticipated to be completely allocated to East Gateway
Initiative activities, thus indicating the need for the re-allocation of cost. This allocation will be evaluated annually and adjustments
made as needed based upon Work Program.
Transfers Out to various projects are as designated in the CRA Six Year Plan, a copy of which is available for review.
The Proposed Fiscal Year 2010-2011 Agency budget is consistent with the Six Year Plan.
Review 1) Financial Services 2) Office of Management and Budget 3) Clerk 4) Assistant City Manager 5) Clerk 6) City
Approval: Manager 7) Clerk
Cover Memo
Item # 6
Attachment number 1
Page 1 of 1
Community Redevelopment Agency
Proposed Budget
October 1, 2010- September 30, 2011
Exhibit A
2009/10 2010-11
Amended Proposed
Budget Budget
Revenues & Tr ansfers In
Tax Increm ent Financing Revenues
338930 Pinellas County 1,125,891 851,275
381115 City of Clearwater 1,189,185 900,538
381116 Downtown Development Board 196,789 162,352
Total TIF Revenues 2,511,865 1,914,165
Other Rev enue s
361101 Interest Earnings 200,000 100,000
369901 Other General Revenue
Transfers I n
381782 DDB Administration 59,779 62,170
381782 Loan Payment From DDB 7,848 7,848
381888 Interest from Fund 388 588,647
Total Revenues & Transfers In 3,368,139 2,084,183
Expenditu res & Transfers Out
Operating Exp enditures
530100 Professional Services 60,000 60,000
530300 Contractual Services 0
540200 Document Reproduction 10,000 0
540300 Telephone Variable 1,500 1,500
540700 Postal Service 2,000 2,000
541500 Garage Variable 3,600 3,600
542300 Gas, Water, Sanitation - 0
542500 Postage 50 200
543100 Advertising 10,000 10,000
543200 Other Promotional Activities 10,000 10,000
543400 Printing & Binding 3,200 5,000
547100 Uniforms 150 150
547200 Employee Expense-Travel 6,500 5,000
548000 Other Services 2,200 2,200
550100 Office Supplies 1,000 1,000
550400 Operating Supplies 3,000 3,000
557100 Memberships and Subscriptions 4,000 4,000
557300 Training and Reference 4,000 4,000
581000 Payments to Other Agencies-DDB 196,789 162,352
582000 Aid to Private Organizations 6,000 6,000
Total Operating Expenditures 323,989 280,002
Transfers Out
590200 General Fund-Administrative 309,599 365,487
590800 East Gateway Project (94849) 136,785 140,422
590800 Streetscape Phase 2 (92275) 209,729
590800 Cleveland Street Maintenance (99968) 22,000 10,000
590800 Waters Edge (Opus) 148,241 130,374
590800 Station Square DA 230,000 -
590800 Marriott Residence Inn (94856) 34,539 30,394
MNEK/Economy Inn 66,500
590800 Restricted County TIF Funds 1,125,891 851,275
590800 Fagade Improvement Grant Fund 50,000 -
590800 Downtown Redevelopment Fund 762,095
590800 CarPro Site
590800 Affordable Housing Projects (94851) 25,000
590800 Retail Attraction/Assistance (94852) 100,000
590800 Cleveland Street Branding (94853) 100,000 -
Total Transfers Out 3,044,150 1,804,181
Total Expenditures & Transfers Out 3,368,139 2,084,183
Excess of Revenues & Transfers In Over
Expenditures & Transfers Out
Item # 6
Attachment number 2
Page 1 of 1
RESOLUTION NO 10-01
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA, ADOPTING THE CRA
FY2010/11 ANNUAL OPERATING BUDGET; PROVIDING
AN EFFECTIVE DATE.
WHEREAS, the Community Redevelopment Agency (CRA) annual budget
requirements have been clarified and Section 189.418(3), of the Florida Statutes
require that CRA's adopt their annual budgets by resolution; now, therefore,
BE IT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA:
Section 1. Adopt the FY2010/11 CRA Operating Budget as outlined on Exhibit
A.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 7th day of September, 2010.
Frank V. Hibbard
Chairman
Approved as to form:
Pamela K. Akin
City Attorney
Attest:
Cynthia E. Goudeau
City Clerk
Resolution NdeO9-#'6
Attachment number 3
Page 1 of 1
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Item # 6
Attachment number 4
Page 1 of 1
City of Clearwater
CRA Project Summary Report as of 7 /31/2010
Description Revised Budget Available Balance
388-92269 Downtown Streetscape $ 20,920 $ -
388-92275 Downtown Streetscape Phase II $ 2,060,541 $ 1,965,098
388-93405 Downtown Boat Slips $ 1,000,000 $ -
388-94714 Downtown Redevelopment $ 1,794,289 $ 1,607,420
388-94765 IMR Development $ 99,271 $ 94,611
388-94847 Clearwater Centre-1100 Cleveland $ 1,040,000 $ 534,083
388-94848 Station Square Park $ 800,000 $ -
388-94849 East Gateway $ 429,169 $ 224,936
388-94851 Affordable Housing $ 250,000 $ 250,000
388-94852 Retail Attraction/Assistance $ 415,000 $ 185,493
388-94853 Cleveland District Branding $ 176,000 $ 172,329
388-94855 Cleveland Auto EPA Loan #2 $ 350,000 $ 3,087
388-94856 Marriott Residence Inn $ 212,539 $ 34,539
388-94859 Station Square Development $ 460,000 $ 460,000
388-94860 Water's Edge (Opus) $ 288,373 $ 11,912
388-94862 CarPro Site $ 325,000 $ 24,874
388-99963 Econ Development Incentive $ 153,861 $ 111,336
388-99964 Mainstreet Clearwater Developme nt $ 50,000 $ 50,000
388-99965 Rule Development $ 80,119 $ 80,119
388-99968 Cleveland Street Maintenance $ 72,676 $ 59,701
388-99979 Historical Facade Program $ 262,165 $ 208,267
388-99881 Clearwater Auto Site - General $ 187,659 $ 184,414
388-99986 Mediterranean Village $ 259,538 $ 213,838
Total $ 10,787,120 $ 6,476,057
Item # 6
age 1 of g number 5
CRA - TI F PROJECTION TOOL PAachme
Discussion Draft
v_
w Millage Rate
County Portion 0.004873 4.873
U L City Portion 0.005155 5.155
DDB Portion 0.000965 0.9651
w Project Value
o w Clearwater Centre $ 2,756,390
£ Marriott Residence Inn $ 6,700,000
v Station Square Condiminiums $ 24,438,586
Waters Edge (OPUS) $ 57,479,077
2010/2011 -12%
°
U 2011/2012 -7.5%
° 2012/2013 -5.0%
3 2013/2014 -2.5%
° 2014/2015 0%
0 2015/2016 0%
Agenda. PDFConvert.12766.xis Page 1 of 9 1t&Te -fi9110
CRA - SIX YEAR PLAN* Attachment number 5
Page 2 of 9
FY 10-11 Revised 8-25-10
Revenue Source 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 Total
County Portion (Growth) Growth TIF (1) 1,125,891 851,275 727,400 651,011 614,726 614,726 614,726 5,199,756
City Portion (Growth) Growth TIF 1,189,185 900,538 769,495 688,685 650,300 650,300 650,300 5,498,805
DDB Portion (Growth) Growth TIF 196,789 162,352 144,354 133,256 127,984 127,984 127,984 1,020,702
Total Projected TIF (Growth Only) 2,511,866 1,914,165 1,641,250 1,472,952 1,393,011 1,393,011 1,393,011 11,719,264
TIF on Key Projects (2) Actuals
Clearwater Centre County TIF 13,432 11,820 10,934 10,387 10,127 10,127 10,127 76,954
(Under construction) City TIF 14,209 12,504 11,566 10,988 10,713 10,713 10,713 81,407
DDB TIF 2,660 2,341 2,165 2,057 2,006 2,006 2,006 15,241
Total 30,301 26,665 24,665 23,432 22,846 22,846 22,846 173,602
Marriott Residence Inn County TIF 32,649 28,731 26,576 25,248 24,616 24,616 24,616 187,053
City TIF 34,539 30,394 28,114 26,709 26,041 26,041 26,041 197,878
DDB TIF 6,466 5,690 5,263 5,000 4,875 4,875 4,875 37,046
Total 73,654 64,815 59,954 56,956 55,533 55,533 55,533 421,977
Station Square Condominiums County TIF 119,089 104,799 96,939 92,092 89,789 89,789 89,789 682,286
City TIF 125,981 110,863 102,548 97,421 94,986 94,986 94,986 721,770
DDB TIF 23,586 20,755 19,199 18,239 17,783 17,783 17,783 135,127
Total 268,656 236,417 218,686 207,752 202,558 202,558 202,558 1,539,184
Water's Edge (Opus) County TIF 280,096 246,484 227,998 216,598 211,183 211,183 211,183 1,604,724
City TIF 296,305 260,748 241,192 229,132 223,404 223,404 223,404 1,697,589
DDB TIF 55,473 48,816 45,155 42,897 41,825 41,825 41,825 317,816
Total 631,873 556,048 514,345 488,628 476,412 476,412 476,412 3,620,130
Total Projected TIF* 1,004,484 883,946 817,650 776,768 757,348 757,348 757,348 5,754,893
*All TIF is included in Base Above--Do not add to totals
Other Revenue Interest 30,000 100,000 50,000 30,000 30,000 30,000 30,000 300,000
DDB Admin and Loan 59,779 62,170 64,657 67,243 69,933 72,730 75,640 472,152
DDB Loan 7,848 7,848 7,848 7,848 7,848 0 0 39,240
Land Sales (3)
Total Other 97,627 170,018 122,505 105,091 107,781 102,730 105,640 811,392
Total Available 2,609,493 2,084,183 1,763,754 1,578,043 1,500,792 1,495,741 1,498,650 12,530,656
Less DDB TIF Portion (4) 196,789 162,352 144,354 133,256 127,984 127,984 127,984 1,020,702
Less CRA Operating and Administration 434,099 483,137 502,462 522,561 543,463 565,202 587,810 3,638,735
Total Projected TIF available for p rojects/dev. agreements 1,978,605 1,438,694 1,116,938 922,227 829,344 802,555 782,856 7,871,219
Agenda. PDFConvert. 12766.xlsA - CRA Six Year Plan Page 1 of 9 It i e#0629/10
CRA - SIX YEAR PLAN*
FY 10-11 Revised 8-25-10
Attachment number 5
Page 3 of 9
Commitments/City Projects Source Balance
7/31/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 Total
94714 Downtown Redevelopment County TIF 0
City TIF 0
Other (CRA) -600,000 105,091 107,781 102,730 105,640 -178,758
Total 1,607,420 -600,000 0 105,091 107,781 102,730 105,640 1,428,662
94765 IMR/Crum Environmental (5) County TIF
City TIF
Other (CRA) 0
Total 94,611 0 0 0 0 0 0
99881 Clearwater Auto General (6) County TIF 0
City TIF 0
Other (CRA) 0
Total 184,414 0 0 0 0 0 0 184,414
99963 Economic Development Incentives County TIF 0
City TIF 0
Other (CRA) 0
Total 111,336 0 0 0 0 0 0 111,336
99968 Cleveland Street Maintenance County TIF 0
City TIF 10,000 0 24,849 25,594 26,362 27,153 113,959
Other (CRA) 0
Total 59,702 10,000 0 24,849 25,594 26,362 27,153 173,661
99979 Facade Program (7) County TIF 0
City TIF 0 0 0 0
Other (CRA) 0
Total 208,267 0 0 0 0 0 0 208,267
99986 Town Lake Property (Med Village) County TIF 0
City TIF 0
Other (CRA) 0
Total 213,838 0 0 0 0 0 0 213,838
94855 Clearwater Auto-EPA Loan #2 (6) County TIF 0
City TIF 0
Other (CRA) 0
Total 3,086 0 0 0 0 0 0 3,086
92275 Cleveland Streetscape II (5) County TIF 228,033 113,401 42,712 157,726 157,726 157,726 857,323
City TIF 39,711 17,695 20,337 77,743
Other 170,018 122,505 292,523
Total 1,965,098 437,762 235,906 42,712 157,726 175,421 178,063 3,192,687
94849 East Gateway Projects (9) County TIF 100,000 100,000 100,000 300,000
City TIF 140,422 118,322 258,745
Other 27,015 150,075 177,090
Total 224,936 140,422 145,337 150,075 100,000 100,000 100,000 960,771
Clearwater Auto/Aamco (8) County TIF 0
City TIF 0
Other 0
Total 0 0 0 0 0 0 0 0
93405 Downtown Boat Slips County TIF 500,000 500,000
City TIF 0
Other 0
Total 0 500,000 0 0 0 0 0 500,000
Capitol Theater (10) County TIF 500,000 500,000 1,000,000
City TIF 0
Other (CRA) 0
Total 0 0 500,000 500,000 0 0 0 1,000,000
94851 Affordable Housing Projects (11) County TIF 0
City TIF 0
Other (CRA) 0
Total 250,000 0 0 0 0 0 0 250,000
94852 Retail Attraction/Assistance County TIF 0
City TIF 50,000 50,000
Other 0
Total 185,493 0 0 0 50,000 0 0 235,493
Agenda. PDFConvert. 12766.xlsA - CRA Six Year Plan Page 2 of 9 It i e#0629/10
CRA - SIX YEAR PLAN*
FY 10-11 Revised 8-25-10
Attachment number 5
Page 4 of 9
Commitments/City Projects Source Balance 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 Total
6/30/10
94853 Cleveland District Branding (12) County TIF 0
City TIF 0 0 0 5,202 15,000 15,000 35,202
Other (CRA) 0 15,000 15,000 30,000
Total 172,329 0 15,000 15,000 5,202 15,000 15,000 237,531
94862 CarPro Site County TIF 0
City TIF 0
Other (CRA) 0
Total 24,874 0 0 0 0 0 0 24,874
94864 Clearwater Mainstreet (Tony's) County TIF 0
City TIF 0
Other (CRA) 0
Total 50,000 0 0 0 0 0 0 50,000
94865 Rule Development County TIF 0
City TIF 0
Other (CRA) 0
Total 80,119 0 0 0 0 0 0 80,119
Future Property Acquisition County TIF 0
City TIF 0
Other (CRA) 600,000 600,000
Total 600,000 0 0 0 0 0 600,000
MNEK Acquisition (Economy Inn) County TIF 357,000 357,000 357,000 1,071,000
City TIF 66,500 66,500
Other (CRA) 66,500 357,000 423,500
Total 0 66,500 66,500 357,000 357,000 357,000 357,000 1,561,000
Total City Project Commitments 5,435,523 1,754,684 962,743 1,089,636 695,522 673,783 677,216 11,015,739
Agenda. PDFConvert. 12766.xlsA - CRA Six Year Plan Page 3 of 9 1t @M, e#0629/10
CRA - SIX YEAR PLAN* Attachment number 5
Page 5 of 9
FY 10-11 Revised 8-25-10
Commitments/Dev. Agreements Source Balance 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 Total
6/30/10
94847 Clearwater Centre (13) County TIF 0
City TIF 0
Other 0
Total 534,083 0 0 0 0 0 0 534,083
94856 Marriott Residence Inn (14) County TIF 0
City TIF 30,394 28,114 26,709 26,041 26,041 137,299
Other 0
Total 34,539 30,394 28,114 26,709 26,041 26,041 0 171,838
94859 Station Square Development County TIF 0
City TIF 0
Other 0
Total 460,000 0 0 0 0 0 0 460,000
94860 Water's Edge (Opus) (15) County TIF 123,242 113,999 108,299 345,540
City TIF 130,374 120,596 114,566 365,536
Other 0
Total 11,912 253,616 234,595 222,865 0 0 0 722,988
Total Dev. Agr. Commitments 1,040,534 284,010 262,709 249,574 26,041 26,041 0 1,888,909
Total Commitments 7,106,945 2,684,183 1,872,269 1,995,026 1,393,011 1,393,010 1,393,010 17,837,454
Agenda. PDFConvert. 12766.xlsA - CRA Six Year Plan Page 4 of 9 It i e#0629/10
CRA - SIX YEAR PLAN*
FY 10-11 Revised 8-25-10
Attachment number 5
Page 6 of 9
Summary Source Balance 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 Total
Funds Available County TIF 851,275 727,400 651,011 614,726 614,726 614,726 4,073,865
City TIF 900,538 769,495 688,685 650,300 650,300 650,300 4,309,619
DDB TIF 162,352 144,354 133,256 127,984 127,984 127,984 823,913
Other Revenues 170,018 122,505 105,091 107,781 102,730 105,640 713,765
Total 0 2,084,183 1,763,754 1,578,043 1,500,792 1,495,741 1,498,650 9,921,163
Total Commitments County TIF 851,275 727,400 651,011 614,726 614,726 614,726 4,073,863
City TIF 900,538 769,495 688,685 650,301 650,300 650,300 4,309,619
DDB TIF 162,352 144,354 133,256 127,984 127,984 127,984 823,913
From Other Acct./Revenue 770,018 231,020 522,075 0 0 0 1,523,113
Total 0 2,684,183 1,872,269 1,995,026 1,393,011 1,393,010 1,393,010 10,730,509
Unallocated Funds County TIF 0 0 0 0 0 0 0 2
City TIF 0 0 0 0 0 0 0 0
DDB TIF 0 0 0 0 0 0 0 0
Downtown Redev(16) 1,607,420 -600,000 -108,515 -416,984 107,781 102,730 105,640 798,072
Total 1,607,420 -600,000 -108,515 -416,983 107,781 102,731 105,640 798,074
BALANCE OF UNCOMMITTED REVENUES REMAINING AFTER CURRENT COMMITMENTS FOR PROJECTS
Cummulative Available 1,607,420 1,007,420 898,905 481,922 589,703 692,434 798,074
Cum. County TIF (Rest)(17) 0 0 0 1 1 2 2
Cum. Unrestricted Available 1,607,420 1,007,420 898,905 481,921 589,702 692,432 798,072
Notes:
*Six Year Plan includes proposed capital projects for the next five years and current funding commitments through Development Agreements,
and other program fund projects. The revenues combine the Old and New (Expanded) CRA.
(1) The tax base of the original CRA experienced a 12% decrease from last year (FY09-10). The tax base of the expanded CRA experienced a 19% decrease from last year.
Tax base projections for future years is estimated at -7.5% FY 11-12; -5% FY 12-13; -2.5% FY 13-14; 0% FY 14-15 and 0% FY 15-16 (same as citywide). No new projects are estimated to come
(2) These are estimates. TIF is included in totals in base.
(3) May include future land sales of Clearwater Auto and Prospect (Town) Lake property. Clearwater Auto may generate additional funds; exact amount unknown at this time.
(4) Current Interlocal Agreement (approved yearly) between CRA and DDB reimburses DDB its portion of the tax increment.
(5) Cleveland Streetscape Phase 2 is from Myrtle to Missouri. $4,028,925 is the project budget approved by CRA/Council on 11 /3/08. The Central Insurance Fund loaned the project $1,6:
to be replaced by CRA funds as they become available in three fiscal years. $1,974,000 in CRA funds are currently in the project account.
We have received $335,500 in HUD EDI grants for this project that will directly reduce the amount needed for this project.
The environmental for IMR/Crum has been completed (SRCO in 2008). We anticipate moving the $94,611 remainder in this project code to the streetscape once all Legal questions are c
(6) Environmental remediation is complete--received SRCO July 2009. Reviewing current funds in this project for other project needs.
Clearwater Auto has an outstanding loan of $700,000 ($350k in FY06 and $350k in FY08) that is owed to the City's Brownfields Cleanup Revolving Loan Fund estimated to be repaid once
Due to government accounting procedures, $700,000 was taken out of the Redevelopment Fund (94714) to avoid a negative cash balance and will be returned to this account once Ic
(7) Facade Program is for the implementation of the Sidewalk Cafe District revised facade program guidelines.
(8)This is a placeholder for potential land acquisition surrounding the Clearwater Auto property.
(9) East Gateway 5-year Action Plan--FYI0-11 budget is $138,742.36 plus $1,680 in fuel.
Out years include police officer salaries and gasoline (with an escalation factor of 3.5% per year for salaries).
(10) Capitol Theater renovation contribution.
(11) Affordable housing projects in the CRA--potential Development Agreement with Country Club Homes.
(12) For the implementation of the Retail Recruitment Strategy.
(13) Clearwater Centre Development Agreement--Utility, Streetscape and Impact fee payment not to exceed $1,041,000. Utility relocation and permit and impact have been paid.
Streetscape reimbursement is outstanding portion of the Agreement. Project is currently under construction. Assessed value at land only.
(14) Marriott Residence Inn Development Agreement --$178,000 impact fees paid in FY08-09. Remainder of incentive: 50% of total TIF generated to be reimbursed by City portion,
up to $400,000 over 6 years. Taxes are estimates.
(15) Water's Edge Development Agreement -- 50% of TIF generated to be reimbursed up to $1,035,000 for streetscape($500k) and impact fees ($535k).
Taxes are estimates.
(16) Funds will be transferred from Downtown Redevelopment to a project pending CRA Board approval of project.
(17) County TIF funds are restricted to the following expenditures (County Ordinance 04-10):
Capital improvements, land acquisition, and environmental remediation. Per County, affordable housing is also an allowed expenditure.
These funds must be appropriated on a yearly basis to a project.
Agenda. PDFConvert. 12766.xlsA - CRA Six Year Plan Page 5 of 9 It i e#0629/10
CRA - Cumulative TIF by Project
Attachment number 5
Page 7 of 9
Clearwafer Cenfre
Growth in Base Value of Property Cou nty TIF City TIF DDB TIF Total
2006
2007
2008
2009 $ 2,756,390 $ 13,432 $ 14,209 $ 2,660 $ 30,301
2010 0% $ 2,756,390 $ 13,432 $ 14,209 $ 2,660 $ 30,301
2011 -12% $ 2,425,623 $ 11,820 $ 12,504 $ 2,341 $ 26,665
2012 -8% $ 2,243,701 $ 10,934 $ 11,566 $ 2,165 $ 24,665
2013 -5% $ 2,131,516 $ 10,387 $ 10,988 $ 2,057 $ 23,432
2014 -3% $ 2,078,228 $ 10,127 $ 10,713 $ 2,006 $ 22,846
2015 0% $ 2,078,228 $ 10,127 $ 10,713 $ 2,006 $ 22,846
2016 0% $ 2,078,228 $ 10,127 $ 10,713 $ 2,006 $ 22,846
$ 90,386 $ 95,617 $ 17,901 $ 203,903
Marrioff Residence Inn
Growth in Base Value of Property Cou nty TIF City TIF DDB TIF Total
2006
2007
2008
2009 $ 6,700,000 $ 32,649 $ 34,539 $ 6,466 $ 73,654
2010 0% $ 6,700,000 $ 32,649 $ 34,539 $ 6,466 $ 73,654
2011 -12% $ 5,896,000 $ 28,731 $ 30,394 $ 5,690 $ 64,815
2012 -8% $ 5,453,800 $ 26,576 $ 28,114 $ 5,263 $ 59,954
2013 -5% $ 5,181,110 $ 25,248 $ 26,709 $ 5,000 $ 56,956
2014 -3% $ 5,051,582 $ 24,616 $ 26,041 $ 4,875 $ 55,533
2015 0% $ 5,051,582 $ 24,616 $ 26,041 $ 4,875 $ 55,533
2016 0% $ 5,051,582 $ 24,616 $ 26,041 $ 4,875 $ 55,533
$ 219,702 $ 232,417 $ 43,512 $ 495,631
Sfafion Square Developmenf
Growth in Base Value of Property Cou nty TIF City TIF DDB TIF Total
2006
2007
2008
2009 $ 24,438,586 $ 119,089 $ 125,981 $ 23,586 $ 268,656
2010 0% $ 24,438,586 $ 119,089 $ 125,981 $ 23,586 $ 268,656
2011 -12% $ 21,505,956 $ 104,799 $ 110,863 $ 20,755 $ 236,417
2012 -8% $ 19,893,009 $ 96,939 $ 102,548 $ 19,199 $ 218,686
2013 -5% $ 18,898,359 $ 92,092 $ 97,421 $ 18,239 $ 207,752
2014 -3% $ 18,425,900 $ 89,789 $ 94,986 $ 17,783 $ 202,558
2015 0% $ 18,425,900 $ 89,789 $ 94,986 $ 17,783 $ 202,558
2016 0% $ 18,425,900 $ 89,789 $ 94,986 $ 17,783 $ 202,558
$ 801,376 $ 847,751 $ 158,713 $ 1,807,839
Wafer's Edge (OPUS)
Growth in Base Value of Property Cou nty TIF City TIF DDB TIF Total
2006
2007
2008
2009 $ 57,479,077 $ 280,096 $ 296,305 $ 55,473 $ 631,873
2010 0% $ 57,479,077 $ 280,096 $ 296,305 $ 55,473 $ 631,873
2011 -12% $ 50,581,588 $ 246,484 $ 260,748 $ 48,816 $ 556,048
2012 -8% $ 46,787,969 $ 227,998 $ 241,192 $ 45,155 $ 514,345
2013 -5% $ 44,448,570 $ 216,598 $ 229,132 $ 42,897 $ 488,628
2014 -3% $ 43,337,356 $ 211,183 $ 223,404 $ 41,825 $ 476,412
2015 0% $ 43,337,356 $ 211,183 $ 223,404 $ 41,825 $ 476,412
2016 0% $ 43,337,356 $ 211,183 $ 223,404 $ 41,825 $ 476,412
$ 1,884,820 $ 1,993,894 $ 373,289 $ 4,252,003
Agenda.PDFConvert.12766.xis B - Cumulative TIF by Project Page 6 of 9 1 tam,# -1f9/10
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