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09/29/1989 COMMUNITY REDEVELOPMENT AGENCY MEETING September 29, 1989 The Community Redevelopment Agency (CRA) of the City of Clearwater met at City Hall, September 29, 1989, at 9:01 a.m., with the following members present: Rita Garvey Chairman Lee Regulski Member Don Winner Member Richard Fitzgerald Member Tyler Grady Ex-officio Member Members absent: William Nunamaker Member Tommy Thomas Ex-officio Member Also present were: Ron H. Rabun Executive Director Michael J. Wright Assistant City Manager Leo Schrader Assistant City Attorney Cynthia E. Goudeau Secretary The Chairman called the meeting to order and the following items were discussed. Item - Approval of the Minutes of May 26, 1989. Member Winner moved to approve the minutes as submitted in written summation by the Secretary. The motion was duly seconded and carried unanimously. Item #1 - Purchase of Surplus Property - Parking Lot #8. The City Commission enacted Resolution 89-52 to declare a portion of the property known as Parking Lot #8 and the adjacent triangle of undeveloped property to be surplus to the needs of the City and authorized sale of the property to the Community Redevelopment Agency. The Commission authorized the sale for the appraised value of $222,989. It was indicated that Lot #1 will be retained by the City, but that the CRA will use $300,000 or less for development of a park on that property. Member Regulski moved to authorize the purchase of a portion of City Parking Lot #8 and the adjacent triangle of undeveloped land, to be known as Lots 4 and 5, from the City for their appraised value of #222,989. The motion was duly seconded and carried unanimously. Item #2 - Contract for Land Sale to MAS ONE Limited Partnership. MAS ONE Limited Partnership wishes to purchase Lots 4 and 5 (portion of City Parking Lot #8) from the CRA in order to construct an office building on the property. The proposed purchase price is $7.50 per square foot for Lot #4 and $4.68 per square foot for Lot 5, for a total of $157,989. Concern was expressed that on Page 5 of the agreement for sale, in Paragraph 13B, it requires that the City dedicate Lot 1 as a City park. Concerns were expressed that, if we dedicate it as a park and the office building is not constructed, there would be difficulty in removing the parkland designation from the property. There was also concern that it said that the park would be dedicated for a term of years and it is a Charter requirement that any property that is a City park must go to referendum prior to the City disposing of it. Discussion ensued regarding how to address MAS ONE's requirement for the park being built on Lot 1 and, at the same time, not dedicating the park prior to knowing that the construction will take place. It was suggested that the phrase, "before the date of closing," in the second sentence of Paragraph 13 be changed to, "concurrent with the beginning of construction," and that the last sentence regarding dedication of the park for a term of years be deleted. In response to a question, it was indicated that the agreement is non-assignable but, however, someone could buy MAS ONE. Member Winner moved to approve the agreement for sale to MAS ONE, as amended. The motion was duly seconded and carried unanimously. Item #3 - Capital Improvement Project to Construct Downtown Neighborhood Park. As part of the MAS ONE Limited office building project, the Community Redevelopment Agency has tentatively agreed to spend up to a maximum of $300,000 for development of a downtown neighborhood park on the southern portion of the existing Parking Lot #8 (to be known as Lot 1). In response to a question, it was indicated that staff has calculated a 3-1/2 year pay-back period in which to recoup the $300,000 for the park and the difference between the appraised value and the purchase price of the property. Approval of this item will encumber $107,642 from FY 88/89 with the remainder of the $300,000 to be allocated in the FY 89/90 budget. Member Winner moved to authorize the creation of a capital improvement project to develop the downtown neighborhood park and partially fund the improvements with $107,642 for fiscal year 88/89. The motion was duly seconded and carried unanimously. Item #4 - 1989/90 Community Redevelopment Agency Budget. Michael Wright, Assistant City Manager, reviewed the proposed budget. A question was raised regarding the revenues shown from the Downtown Development Board. It was indicated that this was an agreement that was reached regarding the millage on the Clearwater Square building. It was stated, due to the Downtown Development Board reducing their millage, this would need to change. He stated the expenditures for future land acquisition and development was subject to change due to the CRA not acquiring Lot 1 in the MAS ONE proposal. Member Winner moved to approve the 1989/90 Community Redevelopment Agency, as amended. The motion was duly seconded and carried unanimously. Leo Schrader, Assistant City Attorney, reported that staff would be bringing back a request from MAS ONE to release mineral rights to the property. It was stated this was due to a recent change in the State statute, and that we will be researching and coming back to the CRA regarding this item. A question was raised regarding the Bilgore property and it was stated that we have had no conversation with the purchasers at this time., A question was raised regarding whether or not parking in downtown could be offered free of charge. It was reported staff will investigate. The meeting adjourned 9:51 a.m.