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10/02/2006 COMMUNITY REDEVELOPMENT AGENCY MEETING MINUTES CITY OF CLEARWATER October 2, 2006 Present: Frank Hibbard Hoyt P. Hamilton William C. Jonson John Doran David Albritton Chair/CRA Trustee CRA Trustee CRA Trustee CRA Trustee Ex-Officio Member Absent: Carlen Petersen CRA Trustee Also present: William B. Horne II Garry Brumback Rod Irwin Pamela K. Akin Cynthia E. Goudeau Patricia O. Sullivan City Manager Assistant City Manager Assistant City Manager/CRA Executive Director City Attorney City Clerk Board Reporter The Chair called the meeting to order at 1 :30 p.m. at City Hall. To provide continuity for research, items are in agenda order although not necessarily discussed in that order. 2. Approval of Minutes 2.1 Approve the minutes of the Auoust 15. 2006. Community Redevelopment Aoency Meetino as submitted in written summation by the City Clerk. Trustee Hamilton moved to approve the minutes of the regular meeting of August 15, 2006, as recorded and submitted in written summation by the City Clerk to each Councilmember. The motion was duly seconded. It was recommended that the minutes' format be changed to include specific comments. City Clerk Cyndie Goudeau reviewed professional standards and the current format. No other support for change was expressed. Upon the vote being taken, the motion carried unanimously. Community Redevelopment Agency 2006-10-02 1 3. eRA Items 3.1 Approve the Interlocal Aqreement with the Downtown Development Board (DDB) to provide personnel. administrative and manaqement responsibilities durinq Fiscal Year 2006/07 in the amount of $53.143 and refund of the $114.400 difference between the CRA tax increment fee of $167.543 and the manaqement fee of $53.143. Florida Statutes 163.387 requires all taxing authorities, which includes the DDB (Downtown Development Board), to make an annual appropriation in an amount equal to the incremental increase in the ad valorem revenue within the CRA (Community Redevelopment Agency) area. The DDB's increment payment is $167,543, according to the Pinellas County Property Appraiser's office. The CRA Trustees executed the first Interlocal Agreement to provide personnel, administrative and management responsibilities to the DDB in Fiscal Year 1999/2000. This is the eighth fiscal year that the CRA would enter into the agreement. The DDB shall pay the CRA $13,961.92 per month for the services agreed to in the Interlocal Agreement. The compensation shall be deducted from the tax increment payment. The CRA and DDB wish to enter into an Interlocal Agreement pursuant to Florida Statute 163.01, in which the DDB agrees to perform certain responsibilities and functions consistent with and in furtherance of the redevelopment of downtown and provide financial support for Clearwater's Main Street Program, in return for an amount equal to the difference between the increment payment and the management fee. The management of the DDB by CRA staff enables the CRA and the DDB to utilize the public dollars more efficiently and provides additional support to the Main Street Program. The DDB desires to financially support the construction debt service, operation and maintenance of the boat slips, docks, boardwalk, promenade, and related facilities proposed to be constructed in the Downtown Waterfront. Following approval of the proposed facilities at referendum and upon request of and at the direction of the CRA, the DDB shall contribute $50,000. The intent of the DDB is to contribute up to $50,000 a year for 10 years for a total not to exceed $500,000. In response to a question, Economic Development & Housing Director Geri Campos said the TIF (Tax Increment Financing) is a large portion of the DDB budget. Without it, the DDB would have insufficient funds to address downtown issues. The City Attorney said the proposal is a legitimate use of the TIF. Trustee Jonson moved to approve the Interlocal Agreement with the Downtown Development Board (DDB) to provide personnel, administrative and management responsibilities during Fiscal Year 2006/07 in the amount of $53,143 and refund of the $114,400 difference between the CRA tax increment fee of $167,543 and the management fee of $53,143. The motion was duly seconded and carried unanimously. Community Redevelopment Agency 2006-10-02 2 4. Other Business: None. 5. Adjourn The meeting adjourned at 1 :43 p.m. #~,-~ ~ ~ ~ Clialr Community Redevelopment Agency At~.t: _ _.'_'" . - .In. 6' . - City rk . ~a_Doo.~ , ---- Community Redevelopment Agency 2006-10-02 3