07/18/2011 COMMUNITY REDEVELOPMENT AGENCY MEETING MINUTES
CITY OF CLEARWATER
July 18,
Present: Chair/Trustee Frank Hibbard, Trustee George N. Cretekos, Trustee
John Doran, Trustee Paul Gibson, and Trustee Bill Jonson.
Also Present: William B. Horne II - City Manager, Jill S. Silverboard - Assistant City
Manager, Rod Irwin - Assistant City Manager, Pamela K. Akin - City
Attorney, Rosemarie Call - City Clerk, and Nicole Sprague — Official
Records and Legislative Services Coordinator.
To provide continuity to research, items are in agenda order although not
necessarily discussed in that order.
1. Call to Order— Chair/Trustee Frank Hibbard
The meeting was called to order at 8:39 a.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the May 31, 2011 CRA Meeting as submitted in written
summation by the City Clerk.
Trustee Bill Jonson moved to approve the minutes of the May 31, 2011 CRA Meeting as
submitted in written summation by the City Clerk. The motion was duly seconded and
carried unanimously.
3. CRA Items
3.1 Adopt mid-year budget amendments for the Community Redevelopment Agency
for fiscal year 2010/11.
Amendments to the revenues of the Operating Budget reflect a decrease of
$76,359 in TIF received for fiscal year 2010/11 based upon final receipts for the
TIF proceeds from Pinellas County, the City of Clearwater, and the Downtown
Development Board.
Other revenue amendments for fiscal year 2010/11 reflect an increase of$50,000
in Interest Earnings, an increase of$1,376 in Other General Revenues, and the
allocation of$224,473 of CRA reserves representing the portion of the Central
Community Redevelopment Agency 2011-07-18 1
Insurance Fund loan allocated for the demolition and other site costs for the
Economy Inn in order to establish capital praject 388-94868, Economy Inn
Acquisition/Demolition.
Operating expenditure amendments at mid-year include the return of $247,983
fram the Downtown Redevelapment Project ta fund:
1. $75,OOQ in contractual services far the Blast Friday Program
2. $148,000 for the per annum appropriation to Ruth Eckerd Hall
3. $24,983 to offset the unanticipated loss in net r�venues due to lower than
expected praperty values.
In addition, budget amendments in both the capital and operating funds reflect the
return of $66,500 of funds incarrectly budgeted in the Capital Budget for the
Econamy Inn to establish a line item for the related debt operating budget. These
funds were s�t aside to pay the annual debt interest payment on the Economy Inn
loan.
All expenditure activity reflected in the Capital Praject Fund is for the period
ending April 30, 2011.
In response to a question, Budget Director Tina Wilson said the capital improvement
project item for Saint Vincent de Paul Property Acquisitian was for the thrift store.
Trustee John Doran moved to adopt mid-year budget amendments for the Community
Redevelopment Agency for fiscal year 2010/11. The motian was duly seconded and
carried unanimausly.
4.
5.
Other Business — None.
Adiourn
The meeting was adjaurned at 8:44 a.m.
Attest
City Clerk
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Community Redevelopment
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Chair
Community Redevelopment Agency
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