12/06/1984•
Community Redevelopment Agency Mleeting
December 6, 1984
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The City Commission of the City of Clearwater met as the Community
Redevelopment Agency at City Hall, Thursday, December 6, 1984. The meeting
was convened at 5:15 p.m. with the following members present:
Kathleen Kelly
Rita Garvey
James L. Berfield
James Calderbank
William G. Justice
Also present were:
Elizabeth Haeseker
Thomas A. Bustin
Paula Harvey
Lucille Williams
Mayor -Commissioner
Vice Mayor/Commissioner
Commissioner
Commissioner
Commissioner
Acting City Manager
City Attorney
Planning Director
City Clerk
The Mayor called the meeting to order.
ITEM CRA #2 - Minutes.
Commissioner Garvey moved to approve the minutes of July 19, 1984 and
October 16, 1984. Motion was duly seconded and carried unanimously.
ITEM CRA #3 - Coachman Downtown Center Development Agreement.
Joe McFate, Director of Planning and Urban Development Department,
reviewed the agreement between the Clearwater Redevelopment Agency and
the Coachman Downtown Center Associates. He stated, the main points of
the agreement were: 1) The City would agree to construct a parking garage
on City parking lot #4, containing at least 200 parking spaces and to
complete it by December 31, 1985; 2) fifty full size parking spaces will
be leased to the developer for a period of 15 years at a monthly rental
of $26.25 per space; 3) the developer has an option to lease an additional
50 spaces for 15 years at a rental of $35.00 per space per month with that
rate adjustable to market rental each five years; 4) the existing
pedestrian walkway adjoining the property on the east will remain for
pedestrian use and a non-exclusive license for use will be granted to the
developer; 5) the property may not be transferred to a tax exempt entity.
The properties include the Coachman, McCrory and Taylor Buildings
and the developer plans a walk through mall, with offices and a restaurant
on the second floor. It is expected the assessed value of the property
improvements will increase $2,000,000 after completion of the project which
is estimated to produce $18,000 a year in additional contributions to the
Redevelopment Trust Fund. The agreement contemplates the benefit of this
annual contribution will be used to defray the cost of the public parking
improvements to be leased to the developer. The expected tax increment
and the rent will pay all the debt service and operating costs anticipated
for the first fifty parking spaces. The remaining spaces are to be leased
at projected market rates.
Mr. McFate presented a letter to each of the Commissioners from
Michael Sanders, vice-chairman Clearwater Historical Commission, which
commended Mr. William Morrill in his effort to convert and restore the
historic Coachman Building in Downtown Clearwater. The Coachman Building
1. CRA 12/6/84
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is eligible for the National Register of Historic Places. It was
constructed, or completed, in the summer of 1917. The letter also stated
it is imperative that we use vision and work with those individuals who
are sensitive to preserving such landmarks.
Commissioner Garvey moved to approve the development agreement for
the Coachman Downtown Center Project and that the appropriate officials
be authorized to execute same. Motion was duly seconded and carried
unanimously.
Meeting adjourned at 5:33 p.m.
Attest:' ".
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2. CRA 12/6/84
• •
1. Call to Order
2. Approval of Minutes
COMMUNITY REDEVELOPMENT AGENCY AGENDA
December 6, 1984
1. 5:15 p.m.
2. Approved.
7/19/84 and 10/16/84.
3. Coachman Downtown Center 3. Approved Agreement
Development Agreement.
4. Adjourn. 4. 5:33 P.m.