09/17/1990 COMMUNITY REDEVELOPMENT AGENCY
September 17, 1990
The City Commission, meeting as the Community Redevelopment Agency, met in regular session at City Hall, Monday, September 17, 1990 at 9:15 A.M., with the following members present:
Rita Garvey Chairperson
Lee Regulski Member
Sue Berfield Member
William Nunamaker Member
Richard Fitzgerald Member
Mary Vaughn Ex Officio Member
Also Present were:
Ron H. Rabun Executive Director
Milton A. Galbraith, Jr. City Attorney
Cynthia E. Goudeau Secretary
ITEM II. - Minutes:
Member Fitzgerald moved to approve the minutes of the September 4, 1990, meeting. The motion was duly seconded and carried unanimously.
ITEM III. - Proposed 1990/91 Budget:
The proposed budget is virtually identical to the budgets of previous years with the exception of $375,342.20 being dedicated to land acquisition and development. Although no specific
sites have been identified, it is anticipated the Downtown Market Assessment Study will recommend properties that should be acquired by the Community Redevelopment Agency (CRA) for future
development. In addition, and again depending on the final outcome of the Assessment Study, it may be necessary to fund specific marketing trips and/or trade show expenditures from
this line item.
The other line item expenditures are transfers to the parking fund for weekend free parking; an administrative transfer to the general fund to pay for the CRA staff operating costs;
debt service and a small miscellaneous account.
The revenues are from the tax increment revenues, cash carried forward, interest earnings, and lease payments and payments from the Downtown Development Board.
Michael Wright, Assistant City Manager reviewed the proposed budget with the Agency. A question was raised regarding resolving the issue of holiday parking and this will come back
at a future date.
Questions were raised regarding how the Bilgore property was reflected and staff will return with the specifics regarding this.
Mr. Wright explained the need to designate money for future land acquisitions explaining that staff is talking to two or three owners in the vincinity of the Annex at this time. He
stated that after January of 91, the Hunter study will be finished and staff is requesting some flexibility regarding the expenditures. He indicated however, staff will be consistently
reporting to the Agency regarding these matters. It was also indicated that amendments to the
89/90 budget are being requested which include a $255,800.00 figure for future land acquisition and development.
Member Regulski moved to approve the revision to the 89/90 budget and to approve the proposed 90/91 budget. The motion was duly seconded and carried unanimously.
Mr. Wright indicated that after the first of the year, staff will be coming to the CRA with specifics regarding possible participation in trade shows and travel expenses that will be
needed.
Concerns were raised regarding assuring not doing anything that is prohibited by CRA laws and it was indicated staff will make certain that it stays within the guidelines.
Updates:
Michael Wright, Assistant City Manager indicated that purchase of the Bilgore site by H & G Structures is now a "dead deal". He stated the plan would have to be changed to allow the
property to be marketed for commercial use. He stated the Hunter study is less than four months away and he wished to wait until that has been completed before bringing forth a specific
recommendation regarding the Bilgore site.
A question was raised regarding whether or not we would have to go through a request for proposal procedure and staff is to investigate.
ITEM IV. - Adjournment:
The meeting adjourned at 9:34 A.M.