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03/19/1987COMMUNITY REDEVELOPMENT AGENCY MEETING March 19, 1987 The City Commission of the City of Clearwater met as the Community Redevelopment Agency at the City Hall, Monday, March 19, 1987. convened at 6:24 P.M. with the Kathleen F. Kelly Lee Regulski Marvin Moore Don Winner James Berfield Also present were: following members present: Anthony L. Shoemaker Milton A. Galbraith, Jr. Cynthia E. Goudeau Mayor/Commissioner Vice-Mayor/Commissioner Commissioner Commissioner Commissioner City Manager City Attorney City Clerk Item #2 - Minutes of the February 5, 1987 Meeting. The meeting Commissioner Winner moved to approve the minutes of the meeting of February 5, 1987, as submitted. Motion was duly seconded and carried unanimously. Item #3 - Request for the Lease of Lots 6 & 7, Block 5, Magnolia Park Subdivision to the Trustees of the Bilgore Liquidating Trust. The Bilgore Liquidating Trust has proposed to lease the building now occupied by them at the northwest corner of Myrtle Avenue and Pierce Street for a period of two years at a monthly rental of $400.00. The Trust shall be responsible for payment of all real estate taxes levied against the property and for its maintenance. The Trust shall provide comprehensive general liability insurance in the amount of $500,000.00 and fire extended coverage insurance on the buildings in the amount of $100,000.00, naming the Redevelopment Agency as an additional insured. The building contains 1,985 square feet, was erected in 1965, and is in average condition. Taxes were separately assessed for the leased property in 1986 and at full discount amounted to $2,058.64. The proposed rental equates to a gross rental of $4.00 per square foot with a reduction for taxes and a $1,082.00 maintenance allowance. It was indicated that this is a fair rental rate and taxes are to be paid on that portion of the property that is to be leased Commissioner Winner moved to approve the request. Motion was duly seconded and carried unanimously. Item #4 - Adjournment. The meeting adjourned at 6:26 P.M. Attest: CRA Agenda Mayor/Commissioner 62 March 19, 1987 • • COMMUNITY REDEVELOPMENT AGENCY AGENDA March 19, 1987 1. Call to order. 1. 6:24 P.M. 2. Approval of Minutes of February 2. Approved. 5, 1987. 3. Request for Lease of Lots 6 & 7, Block 5, Magnolia Park Subdivision to the Trustees of the Bilgore Liquidating Trust. 3. Approved. 4. Adjourn. 4. 6:26 P.M. CRA Agenda 61 March 19, 1987