10/16/2017 - Special Meeting Community Redevelopment Agency Meeting Minutes October 16, 2017
City of Clearwater
City Hall
112 S. Osceola Avenue
Clearwater, FL 33756
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Meeting Minutes
Monday, October 16, 2017
1 :00 PM
Special CRA Meeting
Council Chambers
Community Redevelopment Agency
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City of Clearwater
Community Redevelopment Agency Meeting Minutes October 16, 2017
Roll Call
Present 5 - Chair George N. Cretekos, Trustee Doreen Caudell, Trustee Bob
Cundiff, Trustee Hoyt Hamilton, and Trustee Bill Jonson
Also Present—William B. Horne — City Manager, Jill Silverboard — Deputy City
Manager, Micah Maxwell — Assistant City Manager, Pamela K.
Akin — City Attorney, and Rosemarie Call — City Clerk
To provide continuity for research, items are listed in agenda order although not
necessarily discussed in that order.
1. Call To Order— Chair Cretekos
The meeting was called to order at 1:27 p.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the September 5, 2017 CRA Meeting as submitted in written
summation by the City Clerk.
Trustee Hamilton moved to approve the minutes of the September 5,
2017 CRA Meeting as submitted in written summation by the City
Clerk. The motion was duly seconded and carried unanimously.
3. Citizens to be Heard Regarding Items Not on the Agenda — None.
4. New Business Items
4.1 Approve the Purchase Contract for the City of Clearwater Community Redevelopment
Agency (CRA) purchase of real property, Parcel No.15-29-15-65214-002-0150, with a
purchase price of$250,000 and total expenditures not to exceed $255,800 including
closing-related costs and preparation of the site; authorize the appropriate officials to
execute same, together with all other instruments required to affect closing; authorize the
establishment of a new capital improvement project entitled Pierce Street Washington
Avenue Property Acquisition, 388-94897; and approve the transfer of$255,800 from
capital improvement project 388-94849, Downtown Gateway, to fund this project.
The subject property, Parcel Identification Number 15-29-15-65214-002-0150, is
owned by RDB Commercial Properties LLC (Seller). Seller's property has a
total land area of approximately 18,144 square feet. The property has
approximately 108 ft. of linear frontage on Pierce Street and approximately 168
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City of Clearwater
Community Redevelopment Agency Meeting Minutes October 16, 2017
ft. of linear frontage on Washington Avenue. This is a rectangular-shaped
vacant parcel adjacent to a city-owned property located at 115 Martin Luther
King Jr. Avenue.
The adjacent city-owned property (115 MLK Jr. Avenue) was purchased in
October 2003 and contains a vacant building with a floor area of approximately
11,840 square feet. With the acquisition of the subject property
(15-29-15-65214-002-0150), the City and CRA are presented with an
opportunity to potentially assemble the two sites which may allow for a larger
development consistent with the goals and vision of the Downtown
Redevelopment Plan.
Specifically, the acquisition is key in being able to achieve the vision of the Town
Lake Business District, which seeks to promote a variety of office, commercial
and residential uses, as well as create a market for new retail, restaurant and
entertainment development.
Jim Millspaugh and Associates, Inc. performed an independent appraisal on the
property in April 2016 that values the property at$175,000. Mr. Millspaugh is
currently updating the appraisal, which will be available prior to the October 16th
CRA meeting. An additional independent appraisal is being conducted, which
will also be available before the meeting. In light of recent real estate
transactions in the neighborhood, as well as the development of The Nolen, a
257-unit residential project, staff views this as a key parcel.
Summary of costs for the purchase of the subject property are as follows:
Purchase price $250,000
Closing related costs $1,300
Environmental Audit$2,500
Boundary Survey $2,000
TOTAL $255,800
APPROPRIATION CODE AND AMOUNT:
A first quarter budget amendment will provide a transfer of$255,800 from
capital improvement project 388-94849, Downtown Gateway, to capital
improvement project 388-94897, Pierce St/Washington Ave Prpty Acq, to fund
this contract.
In response to questions, Real Estate Coordinator Jim Benwell said the
appraiser used two different models to sum up an average to determine the
$205,000-appraised price. The appraised price was updated last month.
An appraisal was conducted in 2016 and came in at $175,000. Assistant
City Manager Micah Maxwell said the strategy behind the property purchase
is to eventually assemble the property with city-owned property. The
appraisal did not include any valuation related to an assemblage of the
two properties. Mr. Benwell said the appraiser did note that the parcel is
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City of Clearwater
Community Redevelopment Agency Meeting Minutes
5. Adjourn
Attest
October 16, 2017
relatively small and would require being assembled with an abutting
property in order for it to be developed. Mr. Maxwell said staff is
comfortable with the purchase price. Mr. Benwell said there was another
party interested in purchasing the parcel but the Seller approached the
City. Mr. Maxwell said staffs intent is to assemble and market the
property.
Trustee Caudell moved to approve the Purchase Contract for the
City of Clearwater Community Redevelopment Agency (CRA)
purchase of real property, Parcel No.15-29-15-65214-002-0150, with
a purchase price of $250,000 and total expenditures not to exceed
$255,800 including closing -related costs and preparation of the site;
authorize the appropriate officials to execute same, together with all
other instruments required to affect closing; authorize the
establishment of a new capital improvement project entitled Pierce
Street Washington Avenue Property Acquisition, 388-94897; and
approve the transfer of $255,800 from capital improvement project
388-94849, Downtown Gateway, to fund this project. The motion
was duly seconded and carried unanimously.
The meeting adjourned at 1:34 p.m.
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