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05/12/20121. Call to Order 2. Approval of Minutes COMMUNITY REDEVELOPMENT AGENCY AGENDA Location: Council Chambers - City Hall Date: 5/14/2012- 1:00 PM 2.1 Approve the minutes of the January 9, 2012 CRA Meeting as submitted in written summation by the City Clerk. � Attachments 3. CRA Items 3.1 Provide direction on goals and strategies outlined in the East Gateway Vision Plan Implementation Matrix to be included in Five-Year Action Program for Fiscal Year 2012-2017. ���� Attachments 3.2 Amend the operating budget at mid-year for the Community Redevelopment Agency for fiscal year 2011/12 and adopt Resolution 12-01. � Attachments 4. Executive Director (Assistant City Manager) Verbal Reports 4.1 Executive Director Verbal Reports � Attachments 5. Adjourn Community Redevelopment Agency Agenda Council Chambers - City Hall Meeting Date:S/14/2012 SUBJECT / RECOMMENDATION: Approve the minutes of the January 9, 2012 CRA Meeting as submitted in written summation by the City Clerk. SUMMARY: Review Approval: Cover Memo ��11�:�) Attachment number 1 \nPage 1 COMMUNITY REDEVELOPMENT AGENCY MEETING MINUTES CITY OF CLEARWATER r� r � � � 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. Silv� Manager, Rod Irwin - Assistant City Manager/ Pamela K. Akin - City Attorney, Rosemarie C� Sprague - Official Records and Legislative Se To provide continuity for research, items are in agenda necessarily discussed in that order. Unapproved .•.- . The meeting was called to order 2. Approval of Minu 2.1 AK� r��e the minut Trustee Bill Jonsi meeting as subm seconded and ca CRA Items Presentation of the to appro' tten surr imously. a.rn, at City Ha61. `: �ber 13. 2�1�1 �CRA I �7iT�i F��11• �T7[�L�•:�lil e minutes of the [��cember 13, 2011 CRA on by the City Clerk. The motion was duly . -�Fi�l�]��iiC��I'�[.77',' .FTi�1.�.�.Liyi�� r, May 31, 2011a ti�� Clearwater Community Redevelopment Agency (CRA) and �rthur Gensler; Jr. and Associates, Inc. entered into a contract for the East eway,pistrict Vision Plan. This collaborative neighborhood vision plan resses three main areas: A Neighborhood Market/Economic Analysis that defines the economic base for market-supportable revitalization efforts; CRA 2012-01-09 1 Item # 1 Attachment number 1 \nPage 2 2) Community Outreach and Stakeholder Involvement culminating in a Community Design Charrette that provides a strong, clear vision of the area and responds to current and future market opportunities; and 3) A Concept Plan and Policy Framework that identify specific implementation actions and tools that help achieve the vision over a 20-year horizon. At the onset of the project, Gensler/Social Compact pla CRA/City officials. For the first 2-3 months, there was c and interaction to ensure that the planning team had a historical, cultural, environmental and social aspects of community. �us � nde m As part of the Neighborhood Market/Economic Analysis, Sc�cia1 Cc�mpact provided an Interim Report, which included a brief overview of demographic and market conditions in the East Gateway District, the ext�;nded s#udy area, and t�e City of Clearwater. The market analysis for the E�st Gateway C�mmunity sugc�ested that the area was, for the most part, sufficienfily served with financial services;. groceries, and retail/restaurant providers. Nonetheless, there was a very small apparel leakage that could retail. Additionally, Social ( revenue generated by the' expenditures and focusing eased visitc local institu t 5,5C1Q square fi�et of this �rea and #heir �ncreased businesses for arowth and Critical to the cc�mmunity pJanning process wa� the engagement of a committed and concerned�ci#izenry. In July,;�he Vision Plan Steering Committee was formed to serve as the ccanduit to the planning team and the greater community that they represented to channel informatic�n and set direction for integration. Its members included members Qfi fhe Business and Neighbors Association (BNA), the Stakeholders Advisory Croup (SAGj, and prominent businesses in the East Gateway District. In August 2011, we c�rganized three Focus Group Vision Sessions that gave the consultants the opportunity to hear directly from the community and collect the als, desires, their own personal observations, likes/dislikes and discuss other eQmparabl� cc�mmunities they felt were representative of the environments they wauld like #c� see in the East Gateway District. During the two Charrette/Community Workshops that were held in September 2011, the comrnunity identified the goals that it deemed most important and prioritized what was necessary to achieve the community redevelopment Vision. CRA 2012-01-09 2 Item # 1 Attachment number 1 \nPage 3 The overarching vision statement for the East Gateway District is: "As an "urban edge" community, the East Gateway District offers un-paralleled opportunities not found anywhere else in the greater Clearwater area. The District has all the qualities of traditional neighborhood development, live/work/play and educate in a culturally diverse setting, vigorously sought out by a demographic of young professionals, families and aging adults. Through the Cleveland Street and Gulf to Bay corridor enhancements, a strong open space connectivity strategy focused on Stevenson Creek, an expanding commercial anchor at Mis�QUri and C1eueland: and the development of an identifiable core "place to congregate and celebrate, this walkable mixed-use community will become a destina#ic�n for an emerg�nc� market of residents and visitors." ,. Through observations of the physical assets of the East G�t�w�y District, input; from the community, and data collected from the market/economic �nalysis, the consultants have proposed the following strate�ie�/recommendatin�,s: • Change perception and negative influences th�t imK image, attractiveness, safety and redevelopment:ap • Encourage and support restaur�nt and shopping:de local, unique shops, id�ally a cc�rnbination ��ared to residents' and tourists' needs; • Create more f+�c�# traffic in the East Gateway District walkable community}; the community unities; �tions focusing on ds both city ✓ard a more • FQ�us c�n business de�elopment to supp�rt lcacal insfitutions; • Focus d�u�:lopmenfi���ne�r�the Missouri Av€;r�ue and� Cleveland Street intersectic�n as a comrne�cial anchor through a strategic concentrated developm�►it initiative; • Create a distric# corridor along Cleveland Street and Gulf to Bay Boulevard as a"complete street" within a redevelopment district promoting walkability, shared resources and edge conditions for a vibrant community destination; • Develop a nc�rfih�south connectivity axis of open space and community amenities along the Stevenson Creek drainage basin; • Create a central gathering place where the community can come together far regularly scheduled events and activities, offering a sense of place and �,�Qmmunity destination core; • Create a strategy to rebrand the East Gateway District as a cohesive vibrant destination community to live, work, recreate and educate; • Explore the opportunity of renaming Gulf to Bay Boulevard through the branding process; CRA 2012-01-09 3 Item # 1 Attachment number 1 \nPage 4 • Modify to the existing policy/framework to assist in the redevelopment process and ease some of the restrictive or negative policies that currently are controlling the area's growth; and • Introduce formed-based code as a regulatory tool to assist in the redevelopment process. The East Gateway Vision Plan presents the vision statement for th Gateway District; outlines the concept plan for the various deuelop and provides a matrix of action items to implement the recommenc strategies. In 2008, the CRA approved and adopted the East Gate� Program, which will conclude in September 2012. Staff i the next five-year action plan for Fiscal Year 2012-2017 timeframes, and staffing recommendations for the Coun approvaL Gensler and Associates representative Keith Gr�ming representative Elisa Lee provided a PowerPQint prese In response to questions, Mr. Greminger said t�e inco community is $205,000 due to a high population dens household income is $31,098_ Ms. Lee said the study District in order to assess the area's market potential; Ir� rESponse to a con members see Gulf tc crossing. They have by foot. I Com cne s nded t � Action ' preparinc �t estima �tion and East Gateway i. The median look at the , CRA Ex+ecutive Director Rad Irwin said the community f Boulevar�l as a major impediment for safety and pedestrian essed a de�ire fior more green spaces that is safely accessible response to questions,' �an/workforce -middle i A�:ctor Geri Campos Lo� v�; not been establishe� �ff will start develo�ir�g � ree uuith, the plan'�;aen� Two in �:` Lee said re�idents have expressed a desire for more arne housing. Economic Development and Housing , said cost estimates for Cleveland Streetscape phase 3 ut staff expects it to be lower than $8 million. Mr. Irwin said 5-year action plan and cost estimates should Council I concept. ... Staff was directed to present an implementation plan for the East Gateway District Vision Plan at a future meeting. CRA 2012-01-09 4 Item # 1 Attachment number 1 \nPage 5 4. Other Business — None. • ,; . The meeting was adjourned at 10:41 a.m. CRA 2012-01-09 5 I[�'ii�:�il Community Redevelopment Agency Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Meeting Date:S/14/2012 Provide direction on goals and strategies outlined in the East Gateway Vision Plan Implementation Matrix to be included in Five- Year Action Program for Fiscal Year 2012-2017. SUMMARY: On January 9, 2012, city staff and the vision plan consultants (Gensler and Social Compact) presented the East Gateway Vision Plan to the CRA Board. After the presentation, the CRA Board approved the overall concept of the vision plan and tasked staff with creating an implementation matrix. The attached East Gateway Vision Plan Implementation Matrix outlines the overarching goals and strategies and includes cost estimates, timelines, and staff recommendations. Some of the proposed goals have no funding requirements, other than staff time. Through input from the community, data collected from the market/economic analysis, and recommendations from the consultant, staff has identi�ed the following goals and strategies as the most important for discussion and implementation purposes: JOAL 1: District Development Strategy 1: Relocate social service programs to consolidated countywide location Strategy 2: Create and maintain a safe and secure environment throughout the corridor development, neighborhoods, and activity areas JOAL 2: Create a Vibrant Market Strategy 1: Focus on business development to support local institutions Strategy 2: Encourage and support restaurant and shopping destinations Strategy 3: Support the establishment of businesses that generate frequent visits JOAL 3: Zone I(West Commercial Anchor) Strategy 1: Actively seek interest in the redevelopment of the farmer Economy Inn property Strategy 2: Assemble property for ease of development for UMA campus opportunities/major district parking facility JOAL 4: Zone II (Corridor Development) Strategy L Initiate Streetscape Phase III JOAL 5: Zone III (Open Space) Strategy 1: Develop the Stevenson Creek drainage basin JOAL 6: Zone IV (Festival Core) Cover Memo I[�'ii�:3�•l Strategy 1: Create landscape and parking plans on city's right-of-way on Cleveland Street (east of Hillcrest Ave) JOAL 7: Branding Strategy Strategy 1: Create a branding vision to unlock the potential of the East Gateway District JOAL 8: Policy/Recommendations Strategy 1: Review the policies and procedures governing the East Gateway District for recommended changes During the March 22, 2012 East Gateway Stakeholder Advisory Group (SAG) meeting, the SAG members provided their feedback on the proposed goals and identi�ed Goal 1(Soup Kitchen and community policing), Goal 3(farmer Economy Inn), Goal 4 (Streetscape Phase III), and Goal 8(overlay district concept) as their top priority items for implementation. The main project that needs Council's direction is the funding timeline for Streetscape Phase III (Goal 4). Currently, $6M in Penny for Pinellas III has been allocated for this project beginning in Fiscal Year (FY) 2016-2017 with full funding by 2018-2019. The consultants and the community recommend an earlier funding scenario in order to continue the ef�rts, ac�m plishm ents, and progress of the C ity ofC ]eaYw at�rand the EastG at�w ay com m unity � achiev�g the neighbo�ood's revi�alizati�n goa]s.A ]l�cata�g Penny �r P�el]as III fi�nd�g tr� thispro�ct� FY 2014 2015 w illconta�ue the m om entiam ,prov�e theneeded on��eetpa��g and �fras�ucbare �n prov�n ents,and m ost]ikely reduce the overallpro�ctcost.Thisgoalwillneedtr�bediscussed fi�rtheraspartoftheoverallPennyfi�rP�ellaslll discuss�n,asaca�m m odata�g thischangew illr�quire rea]ignm entofotherpro�cctsw ith� the Penny III �hedule.This goal was identified as the most important by the community during the two-day vision plan charrette warkshop that took place in September 2011. The vision plan implementation comes at a perfect time, as the East Gateway Five-Year Action Program will conclude in September 2012. Staff needs Council's direction on priorities for the East Gateway District for the next five (5) fiscal years in order to finalize the Five-Year Action Program for FY 2012-2017 by September 2012. Review Approval: 1) Off'ice of Management and Budget 2) Lega13) Clerk 4) Assistant City Manager 5) City Manager 6) Clerk Cover Memo ��11�:�� t Attachment number 1 \nPage 1 � ` O v°� U W Q c-I � L L�L � WC } G H t tvD 7 O � � Z t � � � � � � Q- f0 ~ � +�-' O N Q t � � +� � � � � Z Q � > � d�A � �p � v � c�o � U � Q- � � Q co co � o � +� � p i W�� U N V _ - L � � � � � LL — C U = a'' LL � Q f0 Q +J C (n � � Q � L � � N },� � � i� � ;.��" ` O Q v � � . f0 � L � L }� � d Q Q � � � � Q � � � 2 C� v�i � �i W � � H � Z � . W � � � � � Q U C7 ; J � �: _, �' W' +�lf � #fi � � � � � L � � � �: � L � � �` � Q �:,, • � �'+ � � W L i` U � � � N �; � � �J � N E�1 WD �^ �- � U U {,I,J' � f0 � LY; — N N � � � � F'*; � C �;,�' _ � U i�i�. � � � � ; � +' c t3: �° o � co �; � v � cn a� � Y e'n co � � � L ".�.:�-. � � � = _ W� o � � z �, � � O � � � Q � •� . � �"r V U C N Ct! : Q c-I O i � O U W Q � 6L W � H Z � Q � Z W � � U W � 6L 6L Q` r � H H Z W � Q W J +J � c � H v � � L � O � � U U � � W M � � -I Q L I.L f0 WC � �, G �i H f0 Q- L L t O � L f�0 .v� +� N U � V � � � �' � L Q vi � � � Q � ,N N � t � � C � � � C � O � �, � O L a_.� L Q � dA U � 7 � � � +, � c N O L N � � O � co � Q N � U co � O `^ � � � � � � Wp Q Q � � O '� � � Q � � 7 L � � � � � � � � � L � V � Q � � � C U t d dA O O � � � � � � L � � � � � � 2 to � to O N � w \ Q � U � N � � � � � � � � N N C � N � � dA � O O vi WD Qc � G � � on t � � Q 3 � � � � L � � � � L Q � Q � U � � N UJ Z � Q � Z W � � U W � L�L L�L Q` r � H H Z W � Q W J � m H � M f0 N � � L Q d � � � N � � w \ Q � U Attachment number 1 \nPage 2 U � Item # 2 � � L N N tLD � d Attachment number 1 \nPage 3 m v a,o � a � � � m U � WC G � Q N � � I.L L WC f0 G � � H vi j. � � L Q � � W L Q (B � a-J Q CLD C � N Z � � Qj � L � � � � � Q � � � � a-J � � � Q � � N � .� N a..i � � � di � Vl � � � V � 7 7 � C Z N � `n Q � O Q" co W Q � � � � � i � O � p � p � � � Q a'' � f0 � O � � � d1D v � '+�' � C C � � � � W � � � � `�-' C 7 � a-�j � � C � � N N\�� � q�j� ,} Q LL j, � QC" p '� � � � � � Q L � C � i � � � L � vf O � �•� Q� Q � co C . N N d � � � � � L � � � f0 � U � 7 � f0 � � _ C f0 f0 7 a'' N � '� � � � � � � .� 2� � � O t � a� � � � � � J � U U d d � � � � � * * * * * * � � � � � N � Z � w W � � � � Q Q � L U W f0 J d C f0 Q N � .� � � � � Z � Q � U � Q M � O U WC G Q � L�L W � H Z Q Q � Z W � Q U W � LL 6L Q H N � H H Z W � Q W J tLD � O Q � U UA � 7 � a-� � Q f0 � � � U U � � Q � � �' � fSS N O �� L 4J � f0 Q vi N � � U a-.� � � � . U a-�' � 4J � f0 O Q N L Q � O Q ±' U N L (Sj C O Q co L a..i d � � � L � dn fo 0 _ � � � 0 � t/� N c�-I � f0 N � N Q O L � � � � U � � V � �O L L N � U `^ a-LJ � � i N � � � � a..i V1 O cLo � Q L � � C Q �J � a�-� � � � � � C � � � f0 � N U i � � U O � � N a-J � �. •� t . � L � � C d O +,, 7 vi L � � Y � � � � � � O � — � L � � > O � � v Q � � � Q- t � a �' � \ tLD � 'L W N \ N Q C CLD U � W � C f0 t CLD _ Q � � N U 2 L � Q Q � � C f0 � C 7 O C O � U .� � � � 0 U � 0 0 n � 0 i11 � i/� � N � f0 N � Q � U f0 C N a� O � �- C � � � L a=J � C � N � � f0 � � � � c0 N a..i L � � a� a-�j � .O C L UI d � � � an c _ ,� \ tLD � 'L W N � N Q C tLD U � W C O a-J U 7 L � � Q U C .� N m N Attachment number 1 \nPage 4 �lla��iii�l � N tLD f0 d Attachment number 1 \nPage 5 E:3�•1 � a� a,o � a Community Redevelopment Agency Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Meeting Date:S/14/2012 Amend the operating budget at mid-year for the Community Redevelopment Agency for �scal year 2011/12 and adopt Resolution 12-01. SUMMARY: Amendments to the revenues of the Operating Budget reflect a decrease of $28,846 in TIF received for fiscal year 2011/12 based upon fmal receipts for the TIF proceeds from Pinellas County, the City of Clearwater, and the Downtown Development Board. Other revenue amendments for fiscal year 2011/12 reflect an adjustment to the original adopted budget for the Clearwater Auto Tax Credit proceeds. These funds were unexpectedly received in September 2011 during the previous fiscal year. Operating expenditure amendments at mid-year include the decrease of $2,532 from Payment from Other Agencies- DDB to reflect the adjustment to the budgeted revenue to actual TIF receipts. In addition, budgeted amendments in the capital fund reflect the increase in the amount of $413,555.34 for the Clearwater Auto Tax Credit, which was posted to this project in period 12 of fiscal year 2010/11. This is offset by a decrease of $26,314 due to the reduction in tax increment receipts in the operating fund for the fiscal year. There is a$2,586 increase in the East Gateway Project to recognize miscellaneous revenues received for sponsorships for the East Gateway Hispanic Festival. Also, there is a$3,000 increase in the Economy Inn Demolition Project for the miscellaneous revenues received for the temporary use of the site. Staff is also recommending establishing a new project called Technology District Incentives, 388-94872, and transferring $200,000 from project Downtown Redevelopment, 388-94714, for this purpose. The Technology District concept was outlined in the Economic Development Strategic Plan that was presented to the City Council in November 2011 as an implementation action item. Staff will bring forward the specifics of program components at a later CRA meeting. This approval establishes the project in the CRA budget. Review Approval: 1) Off'ice of Management and Budget 2) Lega13) Clerk 4) Assistant City Manager 5) City Manager 6) Clerk Cover Memo ��11�:�� Community Redevelopment Agency Mid Year Review For the Six Month Period of October 1, 2011 - March 30, 2012 Revenues & Transfers In Tax Increment Financing Revenues 338930 Pinellas County 381115 City of Clearwater 381116 Downtown Development Board Total TIF Revenues OtherRevenues 361101 Interest Earnings 369901 Other General Revenue Transfersln 381782 DDB Administration 381782 Loan Payment From DDB 381710 Clearwater Auto Tax Credit Reserves 389902 Allocation of Prior Year Reserves Total Revenues & Transfers In Expenditures & Transfers Out Operating Expenditures 530100 Professional Services 540300 Telephone Variable 540700 Postal Service 541500 Garage Variable 542200 Electric-Utility Charges 542500 Postage 543100 Advertising 543200 Other Promotional Activities 543400 Printing & Binding 547100 Uniforms 547200 Employee Expense-Travel 547300 Mileage Reimbursement 548000 Other Services 550100 Office Supplies 550400 Operating Supplies 557100 Memberships and Subscriptions 557300 Training and Reference 581000 Payments to Other Agencies-DDB 581000 Payments to Other Agencies - Ruth Eckerd 581000 Payments to Other Agencies - Blast Friday 582000 Aid to Private Organizations Total Operating Expenditures Debt Payments Economy Inn - Interest on Loan Total Debt Transfers Out 590200 General Fund-Administrative 590800 Downtown Redevelopment (94714) 590800 East Gateway Project (94849) 590800 Cleveland Street Maintenance (99968) 590800 Waters Edge (Opus) (94860) 590800 Marriott Residence Inn (94856) 590800 Restricted County TIF Funds Total Transfers Out Total Expenditures & Transfers Out Excess of Revenues & Transfers In Over Expenditures & Transfers Out Budget Amendments to Operating Budget 2011/12 Revenue/ Adopted Expenditures Budaet To Date Attachment number 1 \nPage 1 Mid Year Amended Amend Budaet Ref 728,362 715,575 (12,787) 715,575 770,267 756,740 (13,527) 756,740 144,252 141,720 (2,532) 141,720 1,642,881 1,614,035 (28,846) 1,614,035 120,000 61,997 120,000 62,170 31,085 62,170 7,848 7,848 7,848 417,432 (417,432) - 417,432 417 2,250,331 1,714,965 (28,846) 2,221,485 60, 000 1,250 60,000 1,500 466 1,500 2,000 11 2,000 3,600 3,600 93 200 200 10,000 2,700 10,000 10,000 105 10,000 5,000 336 5,000 150 150 5,000 222 5,000 234 - 2,200 175 2,200 1,000 580 1,000 3,000 3,000 4,000 855 4,000 4,000 100 4,000 144,252 (2,532) 141,720 148,000 51,941 148,000 75,000 75,000 75,000 6,000 6,000 6,000 484,902 140,068 (2,532) 482,370 66,500 66,500 66,500 - - 66,500 355,801 177,900 355,801 305,942 305,942 (26,314) 279,628 150, 797 150, 797 150, 797 10,000 10,000 10,000 115,808 115,808 115,808 32,219 32,219 32,219 728,362 728,362 728,362 1,698,929 1,521,028 (26,314) 1,672,615 2,250,331 1,661,096 (28,846) 2,221,485 - 53,869 - - To recognize an adjustment to the original adopted budget for the Clearwater Auto tax credit. These funds were unexpectedly received in September 2011 during the previous fiscal year. To reduce the budget transfer to the Downtown Redevelopment project by $26,314 to compensate for the loss in t��@ip # 3 increment financing revenue for the fiscal year. Community Redevelopment Agency CRA Capital Improvement Project Fund Mid Year Review For the Six Month Period of October 1, 2011 - March 31, 2012 Amendments Attachment number 1 \nPage 2 Mid Year Mid Year Actual Expenditures Project Budget Proposed Amended Project Open Available Amend # Description 10/1/2012 Amendments Budget To Date Encumbr Balance Status Ref 388-92275 388-94714 388-94765 388-94847 388-94849 388-94851 388-94852 388-94853 388-94855 388-94856 388-94859 388-94860 388-94862 388-94865 388-94867 388-94868 388-94869 388-94870 388-94872 388-99881 388-99963 388-99968 388-99979 388-99986 Total Downtown Streetscape Phase II Downtown Redevelopment IMR Development Clearwater Centre-1100 Cleveland East Gateway Affordable Housing Retail Attraction/Assistance Cleveland District Branding Cleveland Auto EPA Loan #2 Marriott Residence Inn Station Square Development Water's Edge (Opus) Car Pro Site Rule Development St. Vincent DePaul Prop Acq Economy Inn Demolition Car Pro Site Clean Up Capital Theater Contribution Technology District Incentives Clearwater Auto Site - General Economic Development Incentive Cleveland Street Maintenance Historical Facade Program Mediterranean Village Budget Amendments to Projects 2, 498, 303 1, 350, 521 99,271 1,040,000 720,388 250,000 415,000 176,000 266,889 275,152 460,000 767,270 325,000 150,000 625,000 224,473 325,440 352,000 187,659 153,861 92,676 262,165 259,538 187,241 2,586 3,000 200,000 2, 498, 303 1, 537, 762 99,271 1, 040, 000 722,974 250,000 415,000 176,000 266,889 275,152 460,000 767,270 325,000 150,000 625,000 227,473 325,440 352,000 200,000 187,659 153,861 92,676 262,165 259,538 2,452,502 4,506 318, 463 4, 660 505, 917 694, 742 289,569 30,666 80, 586 211,508 521,632 311,879 139, 792 10, 208 587, 019 143, 248 189, 885 135, 515 3, 245 67, 230 17,919 53, 898 44, 708 41,295 1, 219, 299 94, 611 534, 083 28, 232 250, 000 94, 765 95, 414 266, 889 63, 645 460, 000 245, 638 13,121 0 37, 982 84, 225 40 352, 000 200, 000 184,414 86, 631 74, 757 208, 267 214, 830 11,276,605 392,827 11,669,432 6,638,400 180,895 4,850,138 To increase the project budget in the amount of $413,555.34 for the Clearwater Auto Tax Credit which was posted to this project in period 12 of fiscal year 2010/11. This is offset by a decrease of $26,314 due to the reduction in tax increment receipts in the 1 operating fund for the fiscal year. 2 To increase the project budget to recognize miscelleneous revenues received to support this project. 3 To increase the project budget to recognize miscelleneous revenues received to support this project. To establish a new project 388-94872, Technology District Incentives, and transfer $200,000 from project 388-94714, Downtown Redevelopment. The technology project was outlined in the Economic Development Strategic plan that was presented to the City 4 Council in November 2011. 1,4 �lla��i:�] Attachment number 2 \nPage 1 RESOLUTION NO 12-01 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, ADOPTING THE CRA FY2011/12 AMENDMENTS TO 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 FY2011/12 AMENDMENTS TO CRA Operating Budget as outlined on Exhibit A. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 14th day of May, 2012. George N. Cretekos Chairman Approved as to form: Attest: Pamela K. Akin City Attorney Rosemarie Call City Clerk Item # 3 Resolution No. 12-01 Community Redevelopment Agency Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Executive Director Verbal Reports SUMMARY: Review Approval: Meeting Date:S/14/2012 Cover Memo ��11�:��