09/15/1994 - Special COMMUNITY REDEVELOPMENT AGENCY
Minutes
September 15, 1994
The City Commission, meeting as the Community Redevelopment Agency, met in a special public hearing session for purposes of presenting the proposed 1994-95 CRA Budget at City Hall,
Thursday, September 15, 1994 at 5:30 pm, with the following members present:
Arthur X. Deegan, II Chairperson
Sue Berfield Vice-Chairperson
Richard Fitzgerald Trustee
Rita Garvey Trustee
Fred Thomas Trustee
Also Present:
Betty Deptula City Manager
Peter Gozza Executive Director
Richard Hull Asst. City Attorney
Jacquie DeGroy Recording Secretary
Absent:
David Stone Ex-officio Trustee
Elise Winters Ex-officio Trustee
Phil Henderson Chamber of Commerce
2. Unfinished Business
CRA 1994-95 Proposed Budget - Peter Gozza reviewed the proposed 1994-95 CRA operating budget (a copy of which is attached and hereby made a part of these minutes), emphasizing
that the administrative expenses included all operating expenses for the department. Mr. Gozza explained that "Debt Service Requirements" represents a percentage of revenue that
is set aside to service the debt on two bonds that were issued in the mid 80's for debt consolidation, purchase of property and a parking structure.
Tax increment trend is downward:
1990 = $725,880
1991 = $736,449
1992 = $548,560
1993 = $548,257
1994 = $445,193
1995 = $322,119 (Projected)
Mr. Gozza pointed out that 224,683 square feet has either been leased or sold in CRA district since 10/93, so the tax
increment revenue should begin an upward trend.
Trustee Berfield moved approval of Resolution No. 94-2, "A Resolution of the Community Redevelopment Agency of the City of Clearwater, Florida, adopting an operating budget for
the fiscal year beginning October 1, 1994, and ending September 30, 1995." The motion was seconded and unanimously approved.
3. Adjournment
Meeting was adjourned at 5:40 pm.
Chairperson
Attest:
Secretary