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08/02/2004 . . . COMMUNITY REDEVELOPMENT AGENCY MEETING CITY OF CLEARWATER August 2, 2004 Present: Brian J. Aungst Hoyt P. Hamilton Frank Hibbard William C. Jonson Carlen Petersen Dwight Matheny David Allbritton Chair/CRA Trustee CRA Trustee CRA Trustee CRA Trustee CRA Trustee Ex-Officio Member Ex-Officio Member Also present: William B. Horne II Garry Brumback Pamela K. Akin Cyndie Goudeau Brenda Moses City Manager Assistant City Manager City Attorney City Clerk Board Reporter The Chair called the meeting to order at 9:05 a.m. at City Hall. To provide continuity for research, items are in agenda order although not necessarily discussed in that order. 1. Appointment of Interim Executive Director Per Florida Statutes, the Community Redevelopment Agency (CRA) Trustees appoint the Executive Director of the CRA. As Ralph Stone will be assuming a new position, an Interim Executive Director will need to be appointed until such time as a new Assistant City Manager/Executive Director of the CRA is appointed. Trustee Jonson moved to appoint Geraldine Campos Acting Director of the Economic Development and Housing Department and as Interim Executive Director of the Community Redevelopment Agency (CRA). The motion was duly seconded and carried unanimously. 2. Approve the proposed third Quarter budaet amendments to the FY03/04 CRA (Communitv Redevelopment Aaencv) Trust Fund operatina budaet and authorize the appropriation of the remainina unused balance of the FY03/04 CRA Trust Fund budaet at year-end (September 30. 2004) to the Downtown Redevelopment Proiects Fund. A review of the CRA projected revenues and expenditures at third quarter indicate the following proposed budget amendments are necessary to align projected revenues to actual revenues received through third quarter. Tax Increment Revenues increased by $6,900. Other Revenues are being increased by $5,751 to reflect actual revenues received to date and the additional revenues projected to be received from the Station Square Parking Lot through the end of this fiscal year. Community Redevelopment Agency 2004-08-02 1 . . . Transfers In increased by $48,000 from a Downtown Development Board (DDB) Loan to the CRA for the purchase of the Miller parcel which was purchased to enhance the land being assembled at the Clearwater Automotive Site for redevelopment. Other Operating Expenses Line Items increased overall $19,648 including the purchase of the Miller Parcel for $43,500 and fees associated with that purchase of $5,165. These increases were partially offset by the decrease of $31,539 to the Principal Payment line item. Finance revised projections for the Principal and Interest Payments on the loan for the Cleveland Street property (Balk project) by taking the remaining balance of the loan as of September 30, 2003 ($481,605.48) and spreading the repayment over four years beginning this year. The remaining $2,522 increase is attributable to minor increases and decreases in various line items. Internal Service Line Items increased overall $4,240. The increase was attributed to the cost of printing the Downtown Theatre RFP, the Main Street Update Quarterly Newsletter and the Downtown Dining and Shopping Guide. Transfer Out Line Items are proposed to be amended as follows: - 592400 - Redevelopment Projects Fund increased $36,763. This reflects the net budget surplus created by the above revenue increases, less the above net expenditure increases. This surplus is being moved to the Downtown Redevelopment capital projects fund at year-end. - Authorize the appropriation of the remaining unused balance of the FY03/04 eRA Trust Fund budget at September 30, 2004 to the Downtown Redevelopment Projects Fund #315-94714. In response to questions, Interim Executive Director Geri Campos said the $55,000 in aid to private organizations was for the Jolley Trolley. She said meals associated with travel are part of the travel budget. Trustee Hamilton moved to approve the proposed third quarter budget amendments to the FY03/04 CRA (Community Redevelopment Agency) Trust Fund operating budget and authorize the appropriation of the remaining unused balance of the FY03/04 CRA Trust Fund budget at year-end (September 30,2004) to the Downtown Redevelopment Projects Fund. The motion was duly seconded and carried unanimously. Staff was requested to provide the balance of the fund into which the money is being moved and the commitments on that fund. 3. Executive Director (Assistant City Manaaer) Verbal Reports Discussion ensued in regard to the parking issue on Cleveland Street and Ex-Officio Member Dwight Matheny said the DDB (Downtown Development Board) does not support removing parking from Cleveland Street, as it may cause some businesses to close. He believed traffic would decrease once school starts. Ex-Officio Member David Allbritton said the DDB will be discussing alternatives at their meeting on Wednesday. Community Redevelopment Agency 2004-08-02 2 . . . Discussion continued regarding the parking issue and suggested options included removing parking on the north side of Cleveland Street creating four lanes of traffic, eliminating left turns between Myrtle and Osceola Avenues, and allowing one-hour parking at the Garden Street Garage. Concern was expressed in removing the parking in front of the post office as those spaces are highly used. Discussion ensued in regard to alternative parking locations and it was recommended that impacts from Station Square construction, traffic maintenance associated with the Myrtle Avenue project, and other construction projects in the area be considered before any decision is made. Concern also was expressed regarding the impact Cleveland Street traffic is having on residents of Island Estates, Sand Key and the Beach. It was felt traffic counts would drop significantly once school starts. General agreement was to monitor traffic for the next few weeks. In response to a question, City Manager Bill Horne said questions regarding penalties related to late completion of the Memorial Causeway Bridge need to be directed to FDOT (Florida Department of Transportation) District Secretary Ken Hartman. 4. Other Business In response to a comment, Ms. Campos said clean up of the Mediterranean project site is being addressed. She said a more complete update will be available at the end of the month. 5. Adiourn The meeting adjourned at 9:33 a.m. Community Redevelopment Agency 2004-08-02 3