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07/10/1984Community Redevelopment Agency Meeting July 19, 1984 The City Commission of the City of Clearwater met as the Community Redevelopment Agency at City Hall, Thursday, July 19, 1984. The meeting was convened at 4:21 p.m. with the following members present: Kathleen Kelly Mayor -Commissioner Rita Garvey Vice Mayor/Commissioner James L. Berfield Commissioner James Calderbank Commissioner William G. Justice Commissioner Also present were: Anthony L. Shoemaker Thomas A. Bustin Lucille Williams City Manager City Attorney City Clerk The Mayor called the meeting to order. ITEM CRA #2 - Minutes. Commissioner Garvey moved to approve the minutes of October 6, 1983. Motion was duly seconded and carried unanimously. ITEM CRA #3 - Clearwater Square Development Agreement Amendment. The agreement between the city, the Redevelopment Agency and J. K. Financial Corporation provided J.K. Financial Corporation deposit $650,000 as the purchase price of the Jannelli parcel and $140,000 for parking lot 9 with the Agency. J.K. Financial Corporation has requested that the Agency accept, in lieu of those deposits, one or more letters of credit totaling the amounts of the required deposits pending the entry of an order of taking by the Court. Gilbert G. Jannelli, owner of the property to be condemned, presented a counter offer of a settlement price of $925,000. The offer includes $25,000 for relocation of a tenant currently in the building with a two-year lease. Commissioner Garvey moved to approve the amendment to the agreement to provide for the substitution of irrevocable letters of credit for cash deposits and that the appropriate officials be authorized to execute same. Motion was duly seconded and carried unanimously. Meeting adjourned at 4:23 p.m. Atte CityClerk' or/Commissioner 1. CRA 7/19/84 h COMMUNITY REDEVELOPMENT AGENCY AGENDA July 19, 1984 1. Call to Order 2. Approval of Minutes October 6, 1983 3. Clearwater Square Development Agreement Amendment 4. Adjourn • 1. 4:21 p.m. 2. Approved as submitted 3. Accepted Agreement Amendment 4. 4:23 p.m. 1. C.R.A. July 19, 1984 3I