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07/14/1997 COMMUNITY REDEVELOPMENT AGENCY MEETING CITY OF CLEARWATER July 14, 1997 Present: Rita Garvey Chair/CRA Trustee J. B. Johnson CRA Trustee Robert Clark CRA Trustee Karen Seel CRA Trustee David Stone Ex-Officio Trustee Bob Keller Assistant City Manager/CRA Director Michael J. Roberto City Manager Pamela K. Akin City Attorney Cynthia E. Goudeau City Clerk Patricia O. Sullivan Board Reporter Absent: Ed Hooper CRA Trustee The Chair called the meeting to order at 1:15 p.m. at City Hall. To provide continuity for research, items are in agenda order although not necessarily discussed in that order. ITEM #2 - Approval of Minutes Trustee Johnson moved to approve the minute of the meetings of June 16, 1997, as recorded and submitted in written summation by the City Clerk to each Trustee. The motion was duly seconded and carried unanimously. ITEM #3 - New Business a) Proposed Atrium settlement The City Attorney reviewed the proposed agreement between the City and Atrium at Clearwater, Ltd., indicating the City Commission had agreed to the terms during a previous closed door session. The agreement should be finalized this month and will resolve all litigation. In addition to a $50,000 deposit, the City will receive $450,000. The City will keep 31 spaces of street level parking around the parking garage, trading them for a 25-space parking lot across the street. Clearwater will be able to maintain 60 City vehicles in the garage until the end of September 1997. After that, the City can lease spaces at published rates. It was noted the agreement results in a net loss to Clearwater but the City has little choice due to the original contract’s language. In response to a question, Finance Director Margie Simmons reported $1.6-million is still owed on the garage. The garage’s assessed value was not known. The City Attorney indicated some minor changes to the final agreement may occur. Trustee Johnson moved to accept the proposed settlement with Atrium at Clearwater, Ltd., in form and concept for the purchase of the remaining portion of the Park Street garage structure and nearby 25-space parking lot parcel, less the abutting 31-space parcel. The motion was duly seconded and carried unanimously. ITEM #4 - Assistant City Manager Verbal Reports Assistant City Manager Bob Keller stated the first draft of the agreement between the DDB (Downtown Development Board) and CRA (Community Redevelopment Agency) for the Downtown Alliance has been received. In response to a question, he said approval of the final agreement remains targeted for September 1997. Mr. Keller reported increased leasing activity downtown. Staff has worked to help 5 new downtown businesses. Mr. Keller indicated the Parks & Recreation Department has removed the annuals from the downtown planters and replaced them with low-growing vegetation and dwarf palms. ITEM #5 - Other Business - None. ITEM #6 - Adjournment The meeting adjourned at 1:25 p.m.