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14-03RESOLUTION NO. 14 -03 A RESOLUTION OF THE CITY OF CLEARWATER, FLORIDA, RECOMMENDING SKYE LANE PROPERTIES, LLC, BE APPROVED FOR WAIVERS AND REIMBURSEMENT OF CERTAIN FEES; PROVIDING A SUNSET DATE; PROVIDING AN EFFECTIVE DATE. WHEREAS, City Council of the City of Clearwater (the "Council ") recognizes that it is a function of local government to promote economic development within its jurisdiction by providing financial incentives to encourage new businesses to relocate within its jurisdiction and existing businesses to expand creating employment opportunities for the citizens of City of Clearwater; and WHEREAS, the City's Economic Development Strategic Plan, adopted in November, 2011, is based upon the Guiding Principles of tax base diversification, higher paying jobs and business vitality which reflect the values of the community, and; WHEREAS, the Economic Development Strategic Plan identified certain goals to support the Guiding Principles including "Encourage the development of sites and buildings needed to accommodate higher intensity employment opportunities, " and "Develop the policies and tools to compete for new private investment and jobs, " and "Create an environment that promotes the vitality and growth of existing businesses," and; WHEREAS, the City's Economic Development Strategic Plan provides recommendations to encourage desired development including development fee reduction, fast track permitting, ad valorem tax exemption and public participation in land development to encourage infill and redevelopment projects, and; WHEREAS, the US 19 Redevelopment Plan, adopted in December, 2012, favors office and other employment- intensive uses over smaller -scale uses for sites located in In- Between Areas, and recognizes tenants often desire more parking spaces than available which is a challenge along the US 19 Corridor, and; WHEREAS, the US 19 Redevelopment Plan supports the City's use of direct and indirect assistance such as the reduction of permit fees and economic development ad valorem tax exemptions for projects that advance local economic development goals and improve the corridor's competitive position in the Tampa Bay Region; and WHEREAS, the construction of a parking deck and other parking improvements will provide a public benefit allowing tenant companies to expand, providing greater employment opportunities in targeted industries for the citizens of the City of Clearwater and will increase employment intensity and density at the site; and Resolution No. 14 -03 WHEREAS, the City Council Policy, General Administration, Section A — Application Fee Waivers, amended February 12, 2002, provides consideration for application fee waivers including building permit, occupational license, plan review and zoning - related application fees for projects which staff believes special considerations exist; and now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CLEARWATER, FLORIDA: Section 1. Council finds that special conditions exist to support the waiver and reimbursement of fees including application, inspection, plans examination, permit, and other fees payable to the City of Clearwater in an amount not to exceed $60,000 in order to encourage Skye Lane Properties, LLC, to make parking area improvements including, but not limited to, the construction of a parking deck for the property located at 2600/2650 McCormick Drive, Clearwater, Florida. Section 2. Those special conditions are the development of the site to provide greater intensity and density on the site in order to attract, retain and expand targeted industries providing higher paying job opportunities, which is consistent with the City's Economic Development Strategic Plan and US 19 Redevelopment Plan. Section 3. The waiver or reimbursement of fees is conditioned upon the construction of a parking deck or garage which must commence no later than June 1, 2014, and consist of adequate parking spaces to provide a total parking ratio of at least 4.5 spaces per 1,000 square feet of office space for 2600/2650 McCormick Drive, Clearwater, Florida. Section 4. This resolution shall sunset effective eighteen (18) months after effective date. Section 5. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 1 6th day of January , 2014. — Ctedrte \Cr Atio5 George N. Cretekos Mayor Approved as to form: Attest: Pamela K. Akin City Attorney Rosemarie Call City Clerk 2 Resolution No. 14 -03