01/14/2019 Community Redevelopment Agency Meeting Minutes January 14, 2019
City of Clearwater
Main Library- Council Chambers
100 N. Osceola Avenue
Clearwater, FL 33755
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Meeting Minutes
Monday, January 14, 2019
9:00 AM
Council Chambers - Main Library
Community Redevelopment Agency
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City of Clearwater
Community Redevelopment Agency Meeting Minutes January 14, 2019
Roll Call
Present 5 - Chair George N. Cretekos, Trustee Bob Cundiff, Trustee Hoyt
Hamilton, Trustee David Allbritton, and Trustee Jay Polglaze
Also Present—William B. Horne 11 — City Manager, Jill Silverboard — Deputy City
Manager, Micah Maxwell —Assistant City Manager, Pamela K.
Akin — City Attorney, Rosemarie Call — City Clerk, Nicole Sprague —
Official Records and Legislative Services Coordinator, and Amanda
Thompson — CRA Executive Director.
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 9:33 a.m. at the Main Library.
2. Approval of Minutes
2.1 Approve the December 3, 2018 CRA Meeting Minutes as submitted in written summation
by the City Clerk
Trustee Hamilton moved to approve the December 3, 2018 CRA
Meeting Minutes 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 amendments to the Development Agreement adopted on October 30, 2017
between the Community Redevelopment Agency (CRA) and The Ring Workspaces, LLC
and authorize the appropriate officials to execute same.
The Community Redevelopment Agency trustees approved a development
agreement on October 30, 2017 with The Ring Workspaces, LLC (grantee) to
establish a co-work space at 600 Cleveland Street (One Clearwater Tower).
The CRA's investment of$600,000 in the project was contingent on specific
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Community Redevelopment Agency Meeting Minutes January 14, 2019
environmentally friendly building standards, the provision of parking,
construction timelines, performance reporting and a partnership with the city's
"Clearwater Business SPARK" program among other requirements.
To date, the grantee has received a Certificate of Occupancy for the second
floor of the co-work space and is actively finishing the third floor of the co-work
space. After a site visit on November 29, 2018, the CRA Director issued an
extension until January 21, 2019 to obtain a Certificate of Occupancy for the
third floor due to unavoidable construction delays caused by difficulty in
acquiring plastic free materials. Construction invoices have been appropriately
filed and reimbursement payments have been issued for a total of$502,236.74
for this grant. The remaining grant funds are $97,763.26.
The grantee and the CRA Director are jointly requesting to amend portions of
the existing development agreement and Exhibit "K" to better reflect the updated
project timeline, applicable environmental building standards and to accurately
capture the impact of this project on the CRA's downtown redevelopment goals.
The following amendments are proposed:
• Removal of the requirement to build the 1,300 square foot outdoor
terrace and reallocation of those grant funds ($97,763.26) to
environmentally friendly lighting, flooring materials and improved indoor
air quality. The cost to construct the outdoor terrace increased from
$125,000 to $206,066.17 since the project began. Outdoor space needs
can be met using Station Square Park and the indoor air quality and
lighting improvements will have a greater positive impact on the
occupants' health than the terrace on a daily basis.
• Amendment of the reporting period and required metrics for the annual
performance report. Annual reports are currently required to be
submitted on December 31 st of each year. This date will be modified to
30 days after the Certificate of Occupancy is issued for the third floor.
The metrics have been updated to capture building performance,
marketing and partnership information.
• Clarification on what needs to be included in the Certificate of
Completion (COC) and when the COC is due.
• Updating the description of the WELL standards and other
environmental benchmarking programs that are referenced, including
removing the Living Building Challenge and replacing it with the Fitwel
program.
No other changes to the development agreement are proposed. The grantee
still has an obligation to operate the co-work space for five years from the date
of project completion. That obligation is backed by a performance mortgage on
the site located at 630 Laura Street and the performance mortgage will reduced
by 20% for each year of operation as a co-work space.
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Community Redevelopment Agency Meeting Minutes January 14, 2019
The Ring remains an exciting investment in support of downtown
redevelopment goals to attract high tech businesses and activate the downtown
core. It contributes to building a positive brand for downtown as a unique
co-work space designed to support a high level of health and well-being. Your
approval of the grant agreement amendments is recommended.
APPROPRIATION CODE AND AMOUNT:
The grant funds for The Ring are in capital improvement project 388-94893.
There is no change to the originally approved grant amount of$600,000. As of
December 21, 2018, $502,236.74 has been approved for reimbursement.
In response to questions, CRA Executive Director Amanda Thompson
said the original opening was scheduled for Fall 2018. The Ring expects
to be open by the end of this month, they have received their certificate of
occupancy. The CRA investment is related to creating a healthy space in
the work space. The Ring is asking that the outdoor terrace be removed
from the development agreement as it would require significant
construction. Funds identified for the terrace will be reallocated to
lighting. Interior renovations to the office building have been completed.
Ring representative Janelle Branch said the requested extension was
due to the procurement of healthy and environmentally sound materials
for the space. When marketing The Ring, it became apparent there was
interest for data collection and funds needed to be reallocated to lighting and
IT, for a total$257,000. She said over 3,000 mailers were distributed in
December to the local region.
A concern was expressed that the CRA is being asked to change the
agreement product due to cost overruns and that the CRA has provided
over$600,000 for the project.
Trustee Allbritton approve Amendments to Development Agreement
adopted on October 30, 2017 between the Community
Redevelopment Agency (CRA) and The Ring Workspaces, LLC, and
authorize the appropriate officials to execute same. The motion was
duly seconded and carried with the following vote:
Ayes: 4 - Trustee Cundiff, Trustee Hamilton, Trustee Allbritton and Trustee
Polglaze
Nays: 1 - Chair Cretekos
4.2 Approve the Purchase Contract for the City of Clearwater Community Redevelopment
Agency (CRA) to purchase real property located at 701 Franklin Street, Parcel
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Community Redevelopment Agency Meeting Minutes January 14, 2019
No.15-29-15-54450-011-0010, with a purchase price of$525,000 and total expenditures
not to exceed $540,000 including closing-related costs and preparation of the site and
authorize the appropriate officials to execute same, together with all other instruments
required to affect closing.
The subject property, Parcel Identification Number 15-29-15-54450-011-001 0, is
owned by The Cepcot Corporation (Seller). Seller's property has a total land
area of approximately 11, 513 square feet and is developed with a 5,600 square
foot warehouse. The property has approximately 63 ft. of linear frontage on
Franklin Street and approximately 185 ft. of linear frontage on East Avenue. The
subject property is adjacent to a city owned vacant lot to the east and a
privately-owned day spa to the south.
With the acquisition of the subject property, the City and CRA will move closer
to full assembly of two blocks that will allow for the redevelopment of this area
as outlined in the 2018 Clearwater Downtown Redevelopment Plan. This site
has been identified for use as a multi-modal center, potential City Hall location, a
public parking facility or a mixed-use development. No changes to the site are
anticipated until the City County joint use study for an administrative building has
been completed. This site is a critical component for downtown redevelopment.
Jim Millspaugh and Associates, Inc. performed an independent appraisal on the
property in August 2018 that values the property at $525,000.
Summary of costs for the purchase of the subject property are as follows:
Purchase price $525,000
Closing related costs (not to exceed) $15,000
TOTAL $540,000
APPROPRIATION CODE AND AMOUNT:
County TIF funds are available in CRA project 388-94714, Downtown
Redevelopment Fund, to fund this purchase.
Trustee Hamilton moved to approve the Purchase Contract for the
City of Clearwater Community Redevelopment Agency (CRA) to
purchase real property located at 701 Franklin Street, Parcel
No.1 5-29-15-54450-011-0010, with a purchase price of $525,000 and
total expenditures not to exceed $540,000 including closing-related
costs and preparation of the site and authorize the appropriate
officials to execute same, together with all other instruments
required to affect closing. The motion was duly seconded and
carried unanimously.
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City of Clearwater
Community Redevelopment Agency
5. Director's Report
6. Adjourn
Attest
City Clerk
City of Clea,water
Meeting Minutes January 14, 2019
CRA Executive Director Amanda Thompson reviewed upcoming
programming events and advised that four tenant grant applications will
be presented at the February meeting. She said staff is moving forward
with planning the Harborview demolition party.
The meeting adjourned at 9:51 a.m.
- cceori CI Cot \t. yos
Chair
Community Redevelopment Agency
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