04/02/1998 COMMUNITY REDEVELOPMENT AGENCY SPECIAL MEETING
CITY OF CLEARWATER
April 2, 1998
Present: Rita Garvey Chair/CRA Trustee
J. B. Johnson CRA Trustee
Robert Clark CRA Trustee
Ed Hooper CRA Trustee
Karen Seel CRA Trustee
Bob Keller Assistant City Manager/CRA Director
Michael J. Roberto City Manager
Pamela K. Akin City Attorney
Cynthia E. Goudeau City Clerk
Brenda Moses Board Reporter
The Chair called the meeting to order at 7:15 p.m. at City Hall.
ITEM #2 - New Business
Letter Agreement with Information Management Resources (IMR)
CRA Director Bob Keller said this is part of the City’s good faith effort to move negotiation with IMR (Information Management Resources) regarding the purchase of the annex site.
The letter deals with issues relating to clear title and environmental concerns, and offers protection to both parties. Trustee Johnson expressed concern the indemnity clause in the
contract is open-ended and a specific date and amount regarding liability is needed. It was noted indemnity agreements are common in this type of transaction. The City Attorney indicated
the formal indemnity agreement has not been negotiated. If the parties cannot reach agreement, the City’s exposure under this letter is $50,000. In response to a question, the City
Attorney indicated she believed the potential risk from this property could be insured. Until the Phase II environmental audit is completed, an estimate regarding the cost of that insurance
will not be available. The City Attorney indicated the little concerns can be dealt with within the timeframe specified in the letter.
Trustee Hooper moved to approve the letter agreement with IMR. The motion was duly seconded and upon the vote being taken, Trustees Clark, Hooper, Seel and Mayor Garvey voted “aye”;
Trustee Johnson voted “nay”: Motion carried.
ITEM #3 - Assistant City Manager Verbal Reports - None.
ITEM #4 - Other Business - None.
ITEM #5 - Adjournment - 7:27 p.m.