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08/30/2004 . . . COMMUNITY REDEVELOPMENT AGENCY MEETING CITY OF CLEARWATER August 30, 2004 Present: Brian J. Aungst Frank Hibbard Hoyt P. Hamilton William C. Jonson Carlen Petersen Dwight Matheny Chair/CRA Trustee CRA Trustee eRA Trustee CRA Trustee CRA Trustee Ex-Officio Member Also present: William B. Horne II Garry Brumback Geraldine Campos Pamela K. Akin Cyndie Goudeau Brenda Moses City Manager Assistant City Manager Interim Executive Director City Attorney City Clerk Board Reporter The Chair called the meeting to order at 9:00 a.m. at City Hall. To provide continuity for research, items are in agenda order although not necessarily discussed in that order. Approval of Minutes: 08-02-2004 Trustee Petersen moved to approve the minutes of the August 2, 2004, meeting, as recorded and submitted in written summation by the City Clerk to each Trustee. The motion was duly seconded and carried unanimously. Adopt the proposed FY 2004/05 Communitv Redevelopment Aaencv budaet. The 2004 Estimates of Taxable Value for the CRA District increased 10.1%. As a result, Tax Increment Revenues increased $211,056 from the previous year to approximately $1,157,846. The details of the proposed budget in comparison to last year's budget are: Revenues and Transfers In: Rental Income is being decreased $9,000 due to pending redevelopment of the Station Square Parking Lot site. Parking rental has been estimated for the first two months of the budget year as the new development project may begin in December 2004. DDB Administration reflects a $1,890 increase (4%). This change is contingent upon the approval of an Inter-local agreement between the DDB and CRA for the administration of the DDB. Community Redevelopment Agency 2004-08-30 1 . . . Expenditures and Transfers Out: Operating Expenditures: As funds available from the Downtown Development Board and the Economic Development Department (general fund) can be used more effectively to cover operating costs, the City is able to decrease operating expenses in the CRA. Document Reproduction decreased $4,000. Postal Service, Building & Maintenance Variable, Postage, Other Promotional Activities, Printing/Binding (outside) and Employee Expense-Meals line items decreased a total of $5,740. Other Services line item decreased $5,250 - it was increased last year to cover the fees associated with the purchase of the Miller parcel at the Clearwater Automotive site. Interim Executive Director Geri Campos reviewed the budget. She said the County has restricted TIF funds to certain uses. In response to a question, she said the $50,000 in professional services budgeted for FY 2003-04 was spent on consultants and appraisals. She noted the City will be using Bellemo- Herbert as urban design consultant next fiscal year. Discussion ensued regarding fayade grants and whether or not to increase the amount budgeted for them. Trustee Jonson moved to fund $50,000 in fayade grant improvements from the Community Redevelopment Agency reserves. The motion was duly seconded. Discussion ensued in regard to waiting until a project comes forward and supporting it at that time. Upon the vote being taken, Trustees Hibbard and Jonson voted "Aye"; Trustees Petersen, Hamilton, and Chair Aungst voted "Nay." Motion failed. Executive Director (Assistant City Manaaer) Verbal Reoorts - None. Other Business - None. Adiourn The meeting adjourned at 9:21 a.m. and reconvened at 9:54 a.m. as the Council failed to vote on the CRA budget item. Trustee Hibbard moved to adopt the proposed FY 2004/05 Community Redevelopment Agency budget as submitted. The motion was duly seconded and carried unanimously. The meeting adjourned at 9:55 a.m. ~ c: z. La.. Cit Clerk ' Community Redevelopment Agency 2004-08-30 Chair Community Redev 2