11/29/1994 COMMUNITY REDEVELOPMENT AGENCY
Minutes
November 29, 1994
The City Commission, meeting as the Community Redevelopment Agency, met in regular session at City Hall, Tuesday, November 29, 1994 at 9:00 am, 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
Pamela Akin City Attorney
David Stone Ex-officio Trustee
Bill Schulte Chamber of Commerce
Jacquie DeGroy Recording Secretary
Absent:
Elise Winters Ex-officio Trustee
2. Approval of Minutes
A motion was made, seconded and unanimously carried to approve the corrected minutes of November 14, 1994. Change "The Unthinkables" to "The Thinkables"
3. Special Financial Statement
Peter Gozza reviewed the special financial statement. CRA funds can be carried over for three years. There is approximately $2 million in debt reserve. If the Park Street garage
is sold for $1+ million, there is enough money to pay off all debt without using the $610,000 proceeds from the sale of the Bilgore property. Trustee Thomas requested that as part of
the January CRA financial report, Bill Cantlin include total debt, debt reserve and the City's policy and procedure on how debt and debt reserve is handled.
4. Unfinished Business
None
5. New Business
None
6. Executive Director Verbal Reports
None
7. Other Trustee Business
None
8. Adjournment
Meeting was adjourned at 9:09 am.
Chairperson
Attest:
Secretary
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