09/18/2000COMMUNITY REDEVELOPMENT AGENCY MEETING
CITY OF CLEARWATER
September 18, 2000
Present: Brian J. Aungst Chair
Ed Hooper Trustee
Robert Clark Trustee
Glenn Warren Ex-Officio
Absent: Ed Hart Trustee
J. B. Johnson Trustee
Also Present: William B. Horne II Interim City Manager
Diane Smith Economic Development Program Manager
Pamela K. Akin City Attorney
Cynthia E. Goudeau City Clerk
Brenda Moses Board Reporter
The Chair called the meeting to order at 9:06 a.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 Clark moved to approve the minutes of the June 12, 2000, meeting, as recorded and submitted in written summation by the City Clerk to each Trustee. The motion was duly seconded
and carried unanimously.
ITEM #3 - Interlocal Agreement with Downtown Development Board, CRA to provide personnel, administrative, and management responsibilities in exchange for $42,000 during Fiscal Year 2000-2001
The CRA Trustees executed an Interlocal Agreement with the Downtown Development Board (DDB) in fiscal year 1999/00 to provide personnel, administrative, and management responsibilities
to the DDB for a one-year period ending on September 30, 2000. The CRA and the DDB would like to continue the relationship for the 2000/01 fiscal year. The agreement between the CRA
and the DDB states the CRA will provide a comprehensive scope of administrative and programmatic functions to the DDB. The management of the DDB by CRA staff enables the CRA and the
DDB to utilize the public dollars more efficiently. The DDB shall pay the CRA $3,500 per month for the services agreed to in the Interlocal Agreement. The DDB’s estimated share of
the CRA tax increment revenues for Fiscal Year 2000/01 is $37,653. The compensation shall be deducted from the tax increment payment. Once the tax increment funds are exhausted, the
compensation shall be paid from DDB funds budgeted for that purpose.
Trustee Hooper moved to approve the Interlocal Agreement with the Downtown Development Board (DDB) for the CRA to provide personnel, administrative and management responsibilities in
exchange for $42,000 during Fiscal Year 2000/01 and
that the appropriate officials be authorized to execute same. The motion was duly seconded and carried unanimously.
ITEM #4 - Adopt Fiscal Year 2000-2001 CRA budget
The City’s tax increment revenues are based upon the estimated taxable property values. A first quarter budget amendment will be made to adjust for the final taxable property values.
The other miscellaneous revenue line item includes $101,607 transferred out of the Economic Development Incentive Fund to cover the costs for the Dimmitt Property loan from the Central
Insurance Pool. The operating expense line items have minimal changes from the previous year. The incentive expense line item is the balance of the CRA’s commitment per the Wakely
and Associates agreement for parking. The IMR landscaping fund dollars have significantly increased because most of the IMR development is on the tax rolls. The development agreement
requires the CRA to deposit funds for a 3-year period. In response to a question, Economic Development Program Manager Diane Smith said the difference between “other miscellaneous revenues”
in the proposed budget for 2000/01 and the third quarter 1999/00 budget is due to the process by which money flows in and out of other operations.
Trustee Hooper moved to adopt the FY 00/01 Community Redevelopment Agency budget. The motion was duly seconded and carried unanimously.
ITEM #5 - Approve amended Third Quarter Fiscal Year 1999-2000 CRA budget; authorize appropriation of entire balance of CRA Trust Fund remaining as of 9/30/00 to Miscellaneous Redevelopment
Project
The third quarter CRA budget reflects several amendments. On December 6, 1999, the CRA Trustees approved the purchase of the Dimmitt properties, parcels A & B. The City agreed to
provide an interfund loan of $1,171,328.30 to the CRA in order to purchase this property. The loan needed to be accounted for in the CRA budget. Therefore, an entry is in the revenue
portion of the budget under “Transfers In” and the expenditures under the “Capital Expenditure” part of the budget. It is estimated the CRA interest earnings will increase by $53,000.
The actual interest earnings will be determined at the end of this fiscal year. This increase in interest earnings was split between the Economic Incentive Fund and the Miscellaneous
Redevelopment Project Fund. The Incentive Fee under the Operating Expenditures portion of the budget was increased by $8,000. This fee is part of the Wakely and Associates agreement
to provide $40,000 of parking if they employed more than 96 employees to work in downtown Clearwater. Under the Internal Services Charges, a garage variable line was added in the amount
of $250 to cover the use of City vehicles for business trips that do not require airline travel.
Trustee Clark moved to approve the amended third quarter FY 99/00 CRA budget and authorize the appropriation of the entire balance of the CRA Trust Fund remaining as of September 30,
2000, to the Miscellaneous Redevelopment Project Fund. The motion was duly seconded and carried unanimously.
ITEM #6 - Executive Director (Assistant City Manager) Verbal Reports – None.
ITEM #7 - Other Business
Ms. Smith said on September 29, 2000, Cleveland Street would be closed for a concert, followed by an arts and crafts festival. The DDB will hold an election on October 10, 2000.
ITEM #8 - Adjourn
The meeting adjourned at 9:12 a.m.