07/17/1986•
Community Redevelopment Agency Meeting
July 17, 1986
The City Commission of the City of Clearwater met as the Community
Redevelopment Agency at City Hall, Thursday, July 17, 1986. The
was
convened at 6:15 p.m. with the following members present:
Kathleen Kelly
Lee Regulski
James L. Berfield
Rita Garvey
Don Winner
Also present were:
Anthony L. Shoemaker
Milton A. Galbraith, Jr.
Paula Harvey
William C. Baker
Cynthia E. Goudeau
ITEM #2 - Minutes of June 19, 1986.
Mayor -Commissioner
Vice-Mayor/Commissioner
Commissioner
Commissioner
Commissioner
City Manager
City Attorney
Planning Director
Public Works Director
City Clerk
Commissioner Regulski moved to approve the
of June 19, 1986. Motion was duly seconded and
Item #3 - 1985/86 Budget Amendment.
meeting
minutes of the meeting
carried unanimously.
A schedule was submitted depicting projected cash receipts and
expenditures for the CRA for the current year through 1994-95. Projected
revenue for the current year consists of the tax increment revenue to be
deposited to the Redevelopment Trust Fund, lease revenues from Coachman
Downtown Center Associates, proceeds from the sale of air rights to J.K.
Financial Clearwater Square, Inc. and projected net bond proceeds.
The CRA is obligated to pay the Parking System the regular rental
rate for facilities sub -permitted to Coachman, the down payment for the
Bilgore property, required debt service on the bonds equal to 20% of the
tax increment revenues and the project costs for the Clearwater Square
project.
Unobligated funds remain in the amount of $107,644. Of that amount,
$10,000 has been appropriated for Coachman Park improvements and $2,285
has been expended for the downtown plan. The City is proceeding to
purchase trees for inclusion in the Cleveland Street 'Streetscape' project
for the 500, 600 and 700 blocks, and it is recommended that $27,000 be
budgeted to purchase tree grates, frames and tree guards this year for
installation with those trees. It is further recommended that $20,000
be budgeted as reimbursement to the City general fund for City Staff time
involved in downtown redevelopment activities during the current year.
1. July 17, 1986
The projected uncommitted balance of $48,359 may be expended for other
approved projects and, if not, is recommended to be placed in escrow for
payment of future debt service relative to the Bilgore purchase.
In response to a question, it was indicated the $10,000 for the
Bayfront Park will be rolled over to the next year's budget for that total
project, but must be committed prior to the end of this fiscal year.
Jim Carpenter, Executive Director of the Downtown Development Board,
spoke in support of the amendment.
Commissioner Regulski moved to approve the 1985-86 Budget Amendment.
The motion was duly seconded and carried unanimously.
The meeting adjourned at 6:20 p.m.
2. July 17, 1986
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Community Redevelopment Agency Agenda
July 17, 1986
ACTION
1. Call to order 1. 6:15 p.m.
2. Approval of Minutes of 2. Approved as submitted
June 19, 1986 meeting.
3. 1985-86 Budget Amendment 3. Approved
4. Adjourn 4. 6:20 p.m.
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