05/16/2005
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COMMUNITY REDEVELOPMENT AGENCY MEETING MINUTES
CITY OF CLEARWATER
May 16, 2005
Present: Frank Hibbard
William C. Jonson
Hoyt P. Hamilton
Carlen Petersen
John Doran
Chair
Trustee
Trustee
Trustee
Trustee
Also present: William B. Horne II
Garry Brumback
Pamela K. Akin
Geri Campos
Cynthia E. Goudeau
Brenda Moses
City Manager
Assistant City Manager
City Attorney
CRA Executive Director
City Clerk
Board Reporter
The Chair called the meeting to order at 9:15 a.m. at City Hall.
To provide continuity for research, items are in agenda order although not.
necessarily discussed in that order.
1- Approval of Minutes - 4-18-2005 and 5-2-2005
Trustee Jonson noted the minutes of the April 18, 2005, meeting did not reflect the
motion of approval. The action will be added.
Trustee Petersen moved to approve the minutes of the April 18, 2005, meeting as
amended. The motion was duly seconded and carried unanimously.
Trustee Jonson moved to approve the minutes of the May 2, 2005, meeting, as
submitted in written summation to each Trustee by the City Clerk. The motion was duly
seconded and carried unanimously.
2 - Approve professional services contract from Swan Development Advisors. Inc. in the amount
not to exceed $7.750. to conduct an analvsis of the future tax increment that will be aenerated in
the oriainal and expanded CRA boundaries and the appropriate officials be authorized to
execute same.
As part of the Downtown Clearwater Redevelopment Plan, approved by the County in
February 2004, CRA (Community Redevelopment Agency) staff conducted tax increment
revenue projections for the original and the expanded CRA over a 30-year period. In the
Redevelopment Plan, TIF (Tax Increment Financing) is identified as one of the funding sources
for several capital and infrastructure improvement projects. In addition, TIF is envisioned to be
used for paying impact fees, "buying in" of public parking in private projects, assembling
redevelopment sites, purchasing land and/or buildings, environmental remediation, and fayade
improvement grants.
In its 23-year history, theCRA and TIF have been a critically effective tool in positioning
downtown for redevelopment. The CRA is seeing visible signs of improvement with increases in
property values in the last several years, translating into additional TIF. In order to make
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informed decisions and plan for upcoming projects and developments, the CRA needs to revise,
update, and incorporate ne"Y and anticipated projects to the tax increment projections.
The consultant will undertake an analytical review of the factors affecting the tax
increment in the CRA and review the original projections made in 2003. The consultant also will
examine the taxable nature of all the anticipated projects in the CRA to determine an accurate
projection of the future tax increment of the CRA. The consultant will prepare a schedule of tax
increment projections that will enable the CRA to make informed decisions and plan for
upcoming projects and developments.
The $7,750 is available in the Professional Services line item of the CRA's FY (Fiscal
Year) 2004-05 Operating Budget.
Trustee Hamilton moved to approve a professional services contract from Swan
Development Advisors, Inc. in the amount not to exceed $7,750, to conduct an analysis of the
future tax increment that will be generated in the original and expanded CRA boundaries and
the appropriate officials be authorized to execute same. The motion was duly seconded and
carried unanimously.
3 - Executive Director (Assistant Citv Manaaer) verbal reports - None.
4 - Other Business - None.
5 - Adiourn
The meeting adjourned at 9:18 a.m. ~/ ~/;? "'~
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Community Redevelopment Agency 2005-05-16
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