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06/18/1992 COMMUNITY REDEVELOPMENT AGENCY June 18, 1992 The City Commission, meeting as the Community Redevelopment Agency, met in regular session at City Hall, Thursday, June 18, 1992 at 11:29 P.M., with the following members present: Rita Garvey Chairperson Lee Regulski Member Sue Berfield Member Richard Fitzgerald Member Arthur X. Deegan, II Member Carol Horne-Warren ex-officio member Also Present were: Michael J. Wright Executive Director Milton A. Galbraith, Jr. Agency Attorney Cynthia E. Goudeau Secretary ITEM II. - Minutes: Member Berfield moved to approve the minutes of the June 1, 1992, meeting. The motion was duly seconded and carried unanimously. ITEM III. - Accept City's offer to purchase the Maas Brothers site for $1,926,710 plus customary closing costs The Maas Brothers Task Force presented its report and recommendations to the Community Redevelopment Agency (CRA) on June 1, 1992. The CRA accepted the report and voted to support the Task Force's primary recommendation that the City negotiate with the Florida Gulf Coast Art Center on the Art Center's proposal to use the property. At that same meeting the CRA voted to indicate to the City its desire to relinquish its ownership of the property. The City is offering to purchase the property for $1,926,710 which is the CRA's actual investment in the property. The City will be liquidating its $1.3 million dollar loan to the CRA and paying the CRA $626,710 in order to complete this transaction. Member Regulski moved to accept the City of Clearwater's offer to purchase part of Lot 3 & all of Lots 4 & 5, Edward Mill's Subdivision and part of Lots 1, 1-A & 2, Rompon's & Baskin's corrected map of Causeway Business District, commonly known as the Downtown Maas Brothers site for a price of $1,926,710 plus customary closing cost. The motion was duly seconded and carried unanimously. ITEM IV. - Res. #92-1 - requesting Pinellas County Board of County Commissioners cancel and discharge certain tax liens upon municipal property acquired for a public purpose and to grant a tax exemption The Chairperson reported the supply of the 4 1/2 minutes video regarding downtown has been depleated and requested consensus for CRA funds to be used to purchase more. The Executive Director indicated the expenditure would be no more than a few hundred dollars. There were no objections. The Attorney presented Resolution #92-1 and read it by title only. Member Regulski moved to pass and adopt Resolution #92-1 and authorize the appropriate officials to execute same. The motion was duly seconded, upon roll call the vote was: "Ayes": Regulski, Fitzgerald, Berfield, Deegan and Garvey. "Nays": None. ITEM V. - Adjournment: The meeting adjourned at 11:32 P.M.