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10/15/2007 COMMUNITY REDEVELOPMENT AGENCY AGENDA Location: Council Chambers - City Hall Date: 1 0/15/2007- 1 :30 PM 1. Call to Order 2. Approval of Minutes 2.1 Approve the minutes of the September 17, 2007 CRA meeting as submitted in written summation by the City Clerk. ~ Attachments 3. CRA Items 3.1 Approve Cleveland Street District Facade Improvement Program loan documents, (1) Financial Incentive Contract and (2) mortgage and note in the amount of $31,020 for the property located at 534 Cleveland Street. I@l Attachments 3.2 Presentation of Florida Main Street Awards ~ Attachments 4. Other Business 5. Adjourn Meeting Date: 10/15/2007 Community Redevelopment Agency Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Approve the minutes of the September 17, 2007 CRA meeting as submitted in written summation by the City Clerk. SUMMARY: Review Approval: 1) Clerk Cover Memo Item # 1 Attachment number 1 Page 1 of 4 COMMUNITY REDEVELOPMENT AGENCY MEETING MINUTES CITY OF CLEARWATER September 17, 2007 UNAPPROVED Present: Frank Hibbard Carlen Petersen John Doran George N. Cretekos Paul Gibson Also present: William B. Horne II Joe Roseto Rod Irwin Pamela K. Akin Cynthia E. Goudeau Brenda Moses Chair/CRA Trustee CRA Trustee CRA Trustee CRA Trustee CRA Trustee City Manager Interim Assistant City Manager Assistant City Manager/CRA Executive Director City Attorney City Clerk Board Reporter The Chair called the meeting to order at 1:45 p.m. at City Hall. To provide continuity for research, items are in agenda order although not necessarily discussed in that order. 2. Approval of Minutes 2.1 Approve the minutes of the September 4,2007 CRA meetinQ as submitted in written summation by the City Clerk. Trustee Petersen moved to approve the minutes of the Community Redevelopment Agency meeting of September 4, 2007, as recorded and submitted in written summation by the City Clerk to each Trustee. The motion was duly seconded and carried unanimously. 3. CRA Items 3.1 Approve a Cleveland Street District Facade Improvement ProQram Loan in the amount of $31,020 for the property located at 534 Cleveland Street. On September 4, 2007, CRA approved the Cleveland Street District Facade Improvement Program. The Fayade Improvement Program creates incentives for the property owners and businesses on Cleveland Street to improve the appearance of their businesses and properties. It is hoped that this program will foster and encourage investment and pride in building facades along Cleveland Street and add to the Cafe District envisioned in a revitalized downtown Clearwater. Jon Heneghan, the property owner at 534 Cleveland Street, has applied for a Cleveland Street Facade Improvement Program Financial Incentive. As part of the application process, the property owner provided an itemized list of expenses for the building, with eligible facade improvements totaling $82,040. The program matches improvements dollar-for-dollar and the CRA staff would like to cover half of those expenses for a total of $41,020. The CRA Executive Community Redevelopment Agency 2007-09-17 1 Item # 1 Attachment number 1 Page 2 of 4 Director has approved a $10,000 grant leaving the balance of $31,020 that would be a 0% loan to be paid upon sale of the property. Mr. Heneghan is already underway with building renovation and restoration of the "Telephone Exchange Building." He has expended over $250,000 in removing the stucco panels that covered the original brick building. He anticipates that the final cost of renovating the exterior and interior of the building will be in excess of $400,000. The timeframe for completion of the exterior is December 2007. CRA staff recommends this building for a facade improvement grant and loan for the following reasons: 1) This building is in a strategic corner location on Cleveland Street that facilitates the Cafe District concept; 2) The proposed improvements will contribute significantly to the Sidewalk Cafe District vision; 3) The property is significant architecturally to Downtown; 4) The property owner is making a significant additional investment in the renovation of the building fayade; 5) The exterior improvements fully reflect the recommended facade treatment delineated in the Facade Design Analysis previously adopted by the CRA; and 6) The property owner has also been working with CRA staff on identifying an end user (specifically a restaurant) for the first floor space. For the above reasons, staff recommends that the CRA approve the loan request in an amount of $31,020. The CRA's investment in this property will be less than 10% of the total investment in the building. As described in the Facade Program Guidelines, the loan will be secured by a mortgage and note on the property to be repaid upon sale of the property. The grant and loan will be disbursed to the property owner once the eligible improvements are completed and the requisite mortgage and note executed. As a stipulation of the loan, the property owner will maintain the facade improvements as approved, in good condition, for a period of five (5) years from completion. The loan documents (mortgage and note) will be prepared for CRA Board approval at the CRA meeting on October 15, 2007. Mr. Heneghan thanked the City for its support and for investing in its streetscape initiative. Discussion ensued with comments complimenting Mr. Heneghan's efforts. Trustee Doran moved to approve a Cleveland Street District Fayade Improvement Program Loan in the amount of $31,020 for the property located at 534 Cleveland Street. The motion was duly seconded and carried unanimously. 3.2 Pursuant to CRA RFP/Q 23-07 and the recommendation of the Selection Committee: 1) DesiQnate Miles Development Partners of Atlanta, GeorQia as Preferred Developer for the Purchase and Development of the Cleveland Street and Prospect lake site; and 2) Approve a ninety (90) day period of Exclusive NeQotiation durinQ which the CRA Executive Director is Community Redevelopment Agency 2007-09-17 2 Item # 1 Attachment number 1 Page 3 of 4 authorized to neQotiate a Development AQreement and Purchase AQreement, for Subsequent CRA Board consideration, in Qeneral conformance with the Miles Development RFP/Q response. On April 16, 2007, the CRA Board approved the release of a Request for Proposals/Qualifications (RFP/Q 23-07) for the purchase and development of the Cleveland Street and Prospect Lake Park site in downtown Clearwater. In approving the RFP/Q, several considerations for a future developer were highlighted by the CRA: 1) A proven record of successful development of projects similar to the mixed-use "vision" for the site; 2) Clear indication of the capacity of the developer and project to be constructed within the timeframe delineated in the RFP/Q; and 3) Clear indication that the developer and project could readily attract the requisite financing for the project. The RFP/Q was formally released on May 8th with a submittal deadline of June 29, 2007. The RFP/Q was advertised nationally in trade publications, on the City's and other development and planning websites, in local newspapers and through the direct mailing (228 mailings) to development organizations and related groups. Nine development teams from across the nation submitted proposals in response to the RFP/Q. On July 18, 2007, a Selection Committee met to evaluate the written proposals and identify finalists who most closely met the objectives of the CRA for the Prospect Lake site as delineated in the RFP/Q. The Selection Committee consisted of: Rod Irwin, CRA Executive Director, Geraldine Campos Lopez, Director, Economic Development and Housing, Michael Delk, Planning Director, Michael Quillen, City Engineer, Gina Clayton, and Assistant Planning Director. The Selection Committee identified three development team proposals, which appeared to best meet the selection criteria, based upon a rating formula in the RFP/Q. The Selection Criteria used is as follows: 1) Developer Experience and Qualifications (25%); 2) Financial Feasibility (25%); 3) Conceptual Development Program/Vision (25%) and 4) Economic Benefit to the CRA (25%). A 10% bonus was applied for those proposals agreeing to reserving 10% of the units for workforce affordable housings (defined as households earning 120% of area median income). The top three development teams were invited to make formal, detailed, in-person presentations to the Selection Committee on August 1st and 2nd. The three invitees were Miles Development Partners; Atlanta, Georgia, The Gorman Company; Madison, Wisconsin, and Synergy Properties, Inc.; Tampa, Florida. Subsequent to the interviews, and after further due diligence and clarification, the Selection Committee unanimously recommended that the development team headed by the Miles Development Partners, Atlanta, Georgia be recommended to the CRA Board for designation as Preferred Developer of the site, subject to successful negotiation of a Development Agreement and Purchase Agreement, and based upon "Scheme A" of their submission. The major determinants of the decision were: 1) Strong, current and successful experience with the type of "urban edge" mixed-use infill project envisioned for the site; 2) Community Redevelopment Agency 2007-09-17 3 Item # 1 Attachment number 1 Page 4 of 4 Strong probability of timely completion, based upon due diligence and client references; and 3) Strong likelihood of ability to access necessary project financing, based upon financial references and internal financial resources of the firm. The Miles proposal anticipates a mixed-use residential project, with upwards of 249 market rental units (subject to Planning/CDB approval of the allowable number of units from the Public Amenities Incentive Pool), and upwards of 18,000 square-feet of retail along Cleveland Street. Inclusion of an affordable housing component is contemplated. The specifics of the project will be defined by the CRA through development agreement and purchase contract terms, and by the Community Development Board through a development order. Next Steps: 1) CRA Board designate Miles Development Partners as Preferred Developers of site; 2) CRA board authorize a 90 day Exclusive Negotiation Period and authorize Executive Director to negotiate 1) development agreement and 2) purchase agreement; 3) CRA Board approves development agreement and purchase contract; 4) Miles Development files development application with Planning Department; 5) CDB considers development application and, if favorably received, issues development order; 6) Miles Development files and obtains all necessary permits for construction of project; and 7) Property transfers to Miles Development per Purchase contract. Bruce Wise, Miles Development, reviewed his firm's credentials. In response to questions, Mr. Wise said by covenant, the project will provide affordable housing for 20 years. A property manager will be on site. The number of rental units and the rate details will be finalized within 90 days. Mr. Wise said more restaurants, entertainment venues, and extending the streetscaping area would improve the downtown. Trustee Cretekos moved that pursuant to CRA RFP/Q 23-07 and the recommendation of the Selection Committee to approve: 1) Designate Miles Development Partners of Atlanta, Georgia as Preferred Developer for the Purchase and Development of the Cleveland Street and Prospect lake site; and 2) Approve a 90-day period of Exclusive Negotiation during which the CRA Executive Director is authorized to negotiate a Development Agreement and Purchase Agreement, for Subsequent CRA Board consideration, in general conformance with the Miles Development RFP/Q response. The motion was duly seconded and carried unanimously. 4. Other Business - None. 5. Adjourn The meeting adjourned at 2:20 p.m. Chair Community Redevelopment Agency Attest: City Clerk Community Redevelopment Agency 2007-09-17 4 Item # 1 Meeting Date: 10/15/2007 Community Redevelopment Agency Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Approve Cleveland Street District Facade Improvement Program loan documents, (1) Financial Incentive Contract and (2) mortgage and note in the amount of $31,020 for the property located at 534 Cleveland Street. SUMMARY: On September 17, 2007, the CRA approved the $31,020 loan for the property located at 534 Cleveland Street. The loan documents have been finalized for CRA review and approval. As background, on September 4,2007, the CRA approved the Cleveland Street District Facade Improvement Program. The Fa<.;ade Improvement Program creates incentives for the property owners and businesses on Cleveland Street to improve the appearance of their businesses and properties. It is hoped that this program will foster and encourage investment and pride in building facades along Cleveland Street and add to the Cafe District envisioned in a revitalized downtown Clearwater. Jon Heneghan, the property owner at 534 Cleveland Street, applied for a Cleveland Street Facade Improvement Program Financial Incentive. As part of the application process, the property owner provided an itemized list of expenses for the building, with eligible facade improvements totaling $82,040. The program matches improvements dollar-for-dollar and the CRA staff recommended covering half of those expenses for a total of $41,020. The CRA Executive Director approved a $10,000 grant leaving the balance of $31,020 as a zero interest (0%) loan to be paid upon sale of the property. Mr. Heneghan is already underway with building renovation and restoration of the "Telephone Exchange Building." He has expended over $250,000 in removing the stucco panels that covered the original brick building. He anticipates that the final cost of renovating the exterior and interior of the building will be in excess of $400,000. The timeframe for completion of the exterior is December 2007. As described in the Facade Program Guidelines, the loan will be secured by a mortgage and note on the property to be repaid upon sale of the property. The grant was disbursed to the property owner for improvements already completed. Once the additional eligible improvements are completed and the requisite mortgage and note are executed, the loan will be disbursed. As a stipulation of the loan, the property owner will maintain the facade improvements as approved, in good condition, for a period of five (5) years from completion. Type: Current Year Budget?: Other Yes Budget Adjustment: None Budget Adjustment Comments: Current Year Cost: Not to Exceed: For Fiscal Year: $31,020 Annual Operating Cost: Total Cost: o $41,020 to Review Approval: 1) Office of Management and Budget 2) Legal 3) Clerk 4) Assistant City Manager 5) Clerk 6) City Manager 7) Clerk Cover Memo Item # 2 Attachment number 1 Page 1 of 4 Heneghan Note 10.02.07 COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER MORTGAGE NOTE $31.020.00 Clearwater, Florida ,2007 Property Address: 534 Cleveland Street, Cleanvater, Florida ("Property") ParcelI.D: 16/29/15/32274/005/0050 1. BORROWER'S PROMISE TO PAY For value received, the undersigned promises to pay the sum of Thirtv-One Thousand Twentv and NO/tOO Dollars ($31.020.00) in U.S. dollars (this amount is called "principal") to the order of the Lender. The Lender is the Community Redevelopment Agency of the City of Clearwater, the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEAR WATER FLORID A, a public body corporate and politic of the State of Florida created pursuant to Part III Chapter 163 Florida Statutes, and located at 112 S. Osceola Avenue, Clearwater, Florida 33756. The Lender or anyone who takes this Note by transfer and who is entitled to receive the value as evidenced by this Note ("Security Instnunent") is called the "Note Holder". 2. INTEREST There will be no interest charged during the life of this loan. In the event Borrower transfers, sells, assigns, mortgages, refinances, or fails to meet the obligations established by the Note, Mortgage, or other applicable restrictions or laws, or in any manner disposes of all or a portion of the Property, then the principal and interest due, if any shall become immediately due and payable and such outstanding principal shall begin to bear interest immediately at a rate of seven pre-cent (7%) per annum from the date or such sale, transfer, assigmnent, mortgage, refinance, or other conveyance, until paid in full. 3. PAYMENTS The term of this loan is thirty (30) years. The payments on this loan shall be deferred during the life of the loan provided that the borrower does not default. The entire principal balance shall be due and payable upon the sale, transfer of ownership, or refinancing of the property by the Borrower hereof, or any successors in title to the Borrowers hereof. If, on the thirtieth (30th) anniversary of the date of this Note ("Due Date"), Borrower still owes amounts under this Note, Borrower shall pay all amounts owing in full on that date. The Note Holder shall have the optional right to declare the amount of the total balance hereof to be due and forthwith payable in advance of the Due Date upon the occurrence of any Event of Default or failure to perform in accordance with any of the terms and conditions set forth in the Mortgage, described below. The indebtedness evidenced by this Note, and any other financial obligations which may hereafter be imposed on me by the Lender, is subordinate to the indebtedness evidenced by a Note payable to a senior lender, which Note is secured by a first mortgage on the Property. 4. BORROWER'S RIGHT TO PREPAY The undersigned has the right to prepay the balance due on this Note according to the amount owed as listed below. A payment of principal only is known as a "prepayment". When a prepayment is made, the undersigned must notify the Note Holder, in writing, that they are doing so. Full prepayment or partial prepayments may be made without paying any prepayment charge. The Note Holder will use all prepayments to reduce the amount of principal that is owed under this Note. If a partial prepayment is made, there will be no change in the Due Date, unless the Note Holder agrees, in writing, Item # 2 Attachment number 1 Page 2 of 4 Heneghan Note 10.02.07 to this change. Should the borrower sell, refinance (subject to Subordination Policy, as amended), otherwise transfer title of the property, the full amount of the Note will be due to the Note Holder. 5. LOAN CHARGES If a law, which applies to this loan and which sets maximum loan charges, is finally interpreted so that the interest or other loan charges collected in connection with this loan exceed the permitted limit, then any sum already collected which exceeded permitted limits shall be credited as a payment of principal, unless the undersigned shall notify the Note Holder, in writing, that the undersigned elects to have such excess sum returned to it forthwith. 6. BORROWER'S FAILURE TO PAY AS REQUIRED (A) Default The Note shall be come due and payable if the borrower should sell, refinance or otherwise transfer title of the property secured in this Note. Should the Borrower default against any provisions contained in this Note and corresponding Mortgage, the outstanding principal shall bear an interest rate of seven percent (7%) per annum until paid in full. (B) No Waiver By Note Holder The remedies of the Note Holder, as provided herein, or in the Mortgage Instnunent shall be cumulative and concurrent and may be pursued regularly, successively or together, at the sole discretion of the Note Holder, and may be exercised as often as occasion therefore shall arise. No act of omission or commission of the Note Holder, including specifically any failure to exercise any right, remedy or recourse, shall be deemed to be a waiver or release of the same, such waiver or release to be effected only through a written document executed by the Note Holder, and then only to the extent specifically recited therein. A waiver or release with reference to anyone event shall not be construed as continuing as a waiver or release of any subsequent right, remedy or recourse as to a subsequent event. Even if, at a time when the undersigned is in default, the Note Holder does not require immediate payment in full, as described above, the Note Holder will still have the right to do so if a default occurs at a later time. (C) Payment of Note Holder's Costs and Expenses In the event the Note is collected by law or through an attorney at law, or under advice therefrom, the Note Holder will have the right to be paid back for all of its costs and expenses in enforcing this Note to the extent not prohibited by applicable law. Those expenses include, for example, reasonable attorney's fees, which are defined to include, without limitation, all fees incurred in all matters of collection and enforcement, construction and interpretations, before, during and after trial, proceedings and appeals, as well as appearances in reorganization or similar proceedings, and the cost of paraprofessional personnel working under supervision of an attorney. 7. GIVING OF NOTICES Unless applicable law requires a different method, any notice that must be given under this Note will be given by delivering it or by mailing it by first class mail to the undersigned at the Property address Noted above. Any notice that must be given to the Note Holder under this Note will be given by delivering it or by mailing it by first class mail to the Note Holder, at the address stated in Section 1 or at a different address if you are given a notice of that different address. 8. OBLIGATIONS OF PERSONS UNDER THIS NOTE If more than one person signs this Note, each person is fully and personally obligated to keep all of the promises made in this Note, including the promise to pay the full amount owed. Any person who is a guarantor, surety or endorser of this Note is also obligated to do these things. Any person who takes over these obligations, including the obligations of a guarantor, surety or endorser of this Note, is also obligated to keep all of the promises made in this Note. The Note Item # 2 Attachment number 1 Page 3 of 4 Heneghan Note 10.02.07 Holder may enforce its rights under this Note against each person individually or against all of us together. This means that anyone of us may be required to pay all of the amounts owned under this Note. 9. WANERS All persons now or at any time liable, whether primarily or secondarily, for the payment of the indebtedness hereby evidenced, for themselves, their heirs, legal representatives, successors and assigns respectively, hereby (a) expressly waive the rights of presentment, demand for payment, notice of dishonor, protest, notice of nonpayment or protest, and diligence in collection ("Presentment" means the right to require the Note Holder to demand payment of amounts due. "Notice of Dishonor" means the right to require the Note Holder to give Notice to other persons that amounts due have not been paid); (b) consent that the time of all payments or any part thereof may be extended, rearranged, renewed or postponed by the Note Holder hereof and further consent that the collateral security or any part thereof may be released, exchanged, added to or substituted for by the Holder hereof, without in anyway modifying, altering, releasing, affecting or limiting their respective liability or the lien of any security instnunent; (c) agreed that the Note Holder, in order to enforce payment of this Note, shall not be required first to institute any suit or to exhaust any of its remedies against the undersigned or any other person or party to become liable hereunder. This Note and the instnunents securing it have been executed and delivered in, and their terms and provisions are to be governed and construed by the laws of the State of Florida. 10. UNIFORM SECURED NOTE This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under this Note, a Mortgage ("Mortgage Instnunent"), dated the same date as this Note, protects the Note Holder from possible losses which might result if the undersigned does not keep the promises which are made in this Note. The Mortgage Instrument described how and under what conditions the undersigned may be required to make immediate payment in full of all amounts owed under this Note. The Note Holder may, at its option, require immediate payment in full of all sums secured by this Security Instnunent. However, this option shall not be exercised by the Note Holder if exercise is prohibited by federal law as of the date of this Instnunent. If the Note Holder exercises this option, the Note Holder shall give the Borrower written notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which the Borrower must pay all sums secured by this Security Instrument. If the Borrower fails to pay these sums prior to expiration of this period, the Note Holder may invoke any remedies permitted by this Security Instnunent without further notice or demand on the Borrower. 11. If more than one party shall execute this Note, the term "undersigned", as used herein, shall mean all parties signing this Note and each of them, who shall be jointly and severally obligated hereunder. In this Note, whenever the context so requires, the neuter gender includes the feminine and/or masculine, as the case may be, and the singular number includes the plural. 12. COPY RECEIVED Borrower hereby acknowledges receipt of a copy of this instrument. Notice to Borrower Do not sign this Note if it contains blank spaces. All spaces should be completed before you sign. IN WITNESS WHEREOF, the undersigned have executed this Note on the day and year first above mentioned. JON HENEGHAN By: Title: Item # 2 Attachment number 1 Page 4 of 4 Heneghan Note 10.02.07 EXHIBIT "A" Item # 2 Attachment number 2 Page 1 of 7 COMMUNITY REDEVELOPMENT AGENDY OF THE CITY OF CLEARWATER MORTGAGR Prepared by: Geraldine Campos Lopez City of Clearwater Economic Development & Housing Dept. P.O. Box 4748 Clearwater, FL 33758-4748 PURPOSE OF LOAN: Property Improvement - Fa.;ade Improvement Program THIS MORTGAGE, made on or as of this = of ,2007 between JON HENEGHAN, a married man, hereinafter called "Mortgagor", residing at: 959 South Bayshore Blvd., Safety Harbor, FL 34695, and the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER FLORIDA, a public body corporate and politic of the State of Florida created pursuant to Part III Chapter 163 Florida Statutes, whose address is P. O. Box 4748, Clearwater, Florida 33758, County of Pin ell as, State of Florida, hereinafter called "Mortgagee" or "Lender". WITNESSETH, that to secure the payment of an indebtedness in the principal amount of THIRTY -ONR THOTTSA NO TWRNTY and NOll 00 001 J ,A RS ($31,020 om with, if applicable, interest thereon, which shall be payable in accordance with a certain note, bond, or other obligation, which obligation is hereinafter called "Note", bearing even date herewith, and all other indebtedness which the Mortgagor is obligated to pay to the Mortgagee pursuant to the provisions of the Note and this Mortgage, the Mortgagor hereby grants, conveys, and mortgages to the Mortgagee: ALL that certain lot, piece, or parcel ofland situate and being in Pinellas County, Florida, described as follows: SRR ATTACHRO LRGAL ORSCRIPTION - RXHIRTT "A" COMMONLY KNOWN AS: 534 Cleveland Street, Clearwater, Florida 33755 This mortgage is non assumable. Mortgagor warrants and represents that the Property is investment property and is not the homestead or residence of the Mortgagor. Mortgagor's homestead and principal residence is 959 Bayshore Blvd., Safety Harbor, FL 34695. TOGETHER with all appurtenances thereto and all the estate and rights ofthe Mortgagor in and to such property or in anyway appertaining thereto: all buildings and other structures now or hereafter thereon erected or installed, and all fixtures and articles of personal property now or hereafter attached to, or used in, or in the operation of, any such land, buildings, or structures which are necessary to the complete use and occupancy of such buildings or structures for the purposes for which they were or are to be erected or installed, including, but not limited to, all heating, plumbing, bathroom, lighting, cooking, laundry, ventilating, refrigerating, incinerating, and air-conditioning equipment and fixtures, and all replacements thereof and additions thereto, whether or not the same are or shall be attached to such land, buildings, structures in any manner, lot improvements, roads, and all other infrastructure improvements, and; Item # 2 Attachment number 2 Page 2 of 7 Heneghan Mortgage 10.02.07 TOGETHER with any and all awards now or hereafter made for the taking of the property mortgaged hereby, or any part thereof (including any easement) by the exercise of the power of eminent domain, including any award for change of grade of any street or other roadway, which awards are hereby assigned to the Mortgagee and are deemed a part of the property mortgaged hereby, and the Mortgagee is hereby authorized to collect and receive the proceeds of such awards, to give proper receipts and acquaintance therefore, and to apply the same toward the payment of the indebtedness secured by this Mortgage, notwithstanding the fact that the amount owing thereon may not then be due and payable; and the Mortgagor hereby agrees, upon request, to make, execute, and deliver any and all assignments and other instruments sufficient for the purpose of assigning each such award to the Mortgagee, free, clear and discharged of any encumbrances of any kind or nature whatsoever, and TOGETHER with all right, title, and interest of the Mortgagor in and to the land lying in the streets and roads in front of and adjoining the above described land (all of the above described land, buildings, other structures, fixtures, articles of personal property, awards and other rights and interests being hereinafter collectively called the "mortgaged property") TO HAVE AND TO HOLD the mortgaged property and every part thereof unto the Mortgagee, its successors and assigns forever for the purposes and uses herein set forth. MORTGAGOR further covenants and agrees with the Mortgagee, as follows: 1. The Mortgagor will promptly pay the principal of and interest on the indebtedness evidenced by the Note, and all other charges and indebtedness provided therein and in this Mortgage, at the times and in the manner provided in the Note and in this Mortgage. 2. The Mortgagor will pay when due, as hereinafter provided, all ground rents, if any, and all taxes, assessments, water rates and other governmental charges, fines, and impositions, of every kind and nature whatsoever, now or hereafter imposed on the mortgaged property, or any part thereof, and will pay when due every amount of indebtedness secured by any lien to which the lien of this Mortgage is expressly subject. 3. This Mortgage and the Note were executed and delivered to secure monies advanced in full to the Mortgagor by the Mortgagee as or on account of a loan evidenced by the Note, for the purpose of acquiring property and/or making improvements to or on the mortgaged property, which improvements are hereinafter collectively called "Improvements", and for such other purpose, if any, described or referred to therein, including acquisition and improvements of the property. The Mortgagor shall make or cause to be made all the improvements. If the construction or installation of the improvements shall not be carried out with reasonable diligence, or shall be discontinued at any time for any reason, other than strikes, lock-outs, acts of God, fires, floods, or other similar catastrophes, riots, war or insurrection, the Mortgagee, after due notice to the Mortgagor, is hereby authorized (a) to enter upon the mortgaged property and employ any watchmen, protect the improvements from depreciation or injury and to preserve and protect such property, (b) to carry out any and all then existing contracts between the Mortgagor and other parties for the purpose of making any of the improvements, (c) to make and enter into additional contracts and incur obligations for the purposes of completing the improvements pursuant to the obligations of the Mortgagor hereunder, either in the name of the Mortgagee or the Mortgagor, and (d) to pay and discharge all debts, obligations, and liabilities incurred by reason of any action taken by the Mortgagee as provided in this Paragraph, all of which amounts so paid by the Mortgagee, with interest thereon from the date of each such payment, at the rate as set forth in the Note plus three percent (3%) per annum, not to exceed the maximum allowed by law, shall be payable by the Mortgagor to the Mortgagee on demand and shall be secured by this Mortgage. Funds provided under this mortgage may have been provided by the Community Redevelopment Agency of the City of Clearwater ("CRA") and are subject to the Fa<.;ade Improvement Program Loan regulations and other applicable guidelines and regulations. Funds provided by the CRA under this mortgage may be used only for the improvement to the storefront area of the subject building/property, as approved by the CRA, including but not limited to; signage, lighting, entryways, windows, and other cosmetic or structural work ("Fa<.;ade Improvements"). 4. No building or other structure or improvement, fixture of personal property mortgaged hereby shall be removed or demolished without the prior written consent of the Mortgagee. The Mortgagor will not make, permit or suffer any alteration of or addition to any building or other structure or improvement now or which may hereafter be erected or installed upon the mortgaged property, or any part thereof, except the improvements required to be made Pursuant to Paragraph 3 hereof, nor will the Mortgagor use, or permit or suffer the use of any of the mortgaged property for any purpose other than the purpose or purposes for which the same is now intended to be used, without the prior written consent of the Mortgagee. The Mortgagor will maintain the Fa<.;ade Improvements in good condition for a period of five (5) years, and otherwise maintain the mortgaged property in good condition and state of repair and will not suffer or permit any waste to any part thereof, and will promptly comply with all the requirements of Federal, state and local 2 Item # 2 Attachment number 2 Page 3 of 7 Heneghan Mortgage 10.02.07 governments, or of any departments, divisions or bureaus thereof, pertaining to such property or any part thereof. 5. Preservation, Maintenance and Protection of the Property. Borrower shall not destroy, damage, or impair the Property, allow the Property to deteriorate or commit waste on the Property. Borrower shall maintain the Property in order to prevent the Property from deterioration or decrease in value due to its condition. Borrower shall comply with all City Codes relating to maintenance ofthe Property and shall repair or restore the Property upon Notice by the City. Failure to comply with this provision may result in Borrower's loan being placed in default. 6. The Mortgagor will not voluntarily create, or permit or suffer to be created or to exist, on or against the mortgaged property, or any part thereof, any lien superior to the lien of this Mortgage, exclusive of the lien or liens, if any, to which this Mortgage is expressly subject, as set forth in the granting clause above, and will keep and maintain the same free from the claims of all parties supplying labor or materials which will enter into the construction or installation of the improvements. 7. (a) The Mortgagor will keep all buildings, other structures and improvements, including equipment, now existing or which may hereafter be erected or installed on the land mortgaged hereby, insured against loss by fire and other hazards, casualties and contingencies, in such amounts and manner, and for such periods, all as may be required from time to time by the Mortgagee. Unless otherwise required by the Mortgagee, all such insurance shall be affected by Standard Fire and Extended Coverage Insurance policies, in amounts not less than necessary to comply with the coinsurance clause percentage of the value applicable to the location and character of the property to be covered. All such insurance shall be carried in companies approved by the Mortgagee and all policies therefore shall be in such form and shall have attached thereto loss payable clauses in favor of the Mortgagee and any other parties as shall be satisfactory to the Mortgagee. All such policies and attachments thereto shall be delivered promptly to the Mortgagee, unless they are required to be delivered to the holder of a lien of a mortgage or similar instrument to which this Mortgage is expressly subject, in which latter event, certificates thereof, indicating Mortgagee's interest with the standard mortgage clause, satisfactory to the Mortgagee, shall be delivered promptly to the Mortgagee. The Mortgagor will pay promptly when due, as hereinafter provided, any and all premiums on such insurance, and in every case in which payment thereof is not made from the deposits therefore required by this Mortgage, promptly submit to the Mortgagee for examination receipts or other evidence of such payment as shall be satisfactory to the Mortgagee. The Mortgagee may obtain and pay the premium on (but shall be under no obligation to do so) every kind of insurance required hereby if the amount of such premium has not been deposited as required by this Mortgage, in which event the Mortgagor will pay to the Mortgagee every premium so paid by the Mortgagee, as set forth in Paragraph 3, above. (b) In the event of loss or damage to the mortgaged property, the Mortgagor will give to the Mortgagee immediate notice thereof by mail, and the Mortgagee may make and file proof of loss if not made otherwise promptly by or on behalf of the Mortgagor. Each insurance company issuing any such policy is hereby authorized and directed to make payment hereunder for such loss to the Mortgagor and the Mortgagee jointly, unless the amount ofloss is payable first to the holder of a lien under a mortgage or similar instrument to which this Mortgage is expressly subject; and all the insurance proceeds, or any part thereof, if received by the Mortgagee, may be applied by the Mortgagee, at its option, either in reduction of the indebtedness hereby secured, or to the restoration or repair of the mortgaged property damaged. In the event of foreclosure of this Mortgage, or of any transfer of title to the mortgaged property in extinguishment of such indebtedness, all right, title, and interest of the Mortgagor in and to every such insurance policy then in force, subject to the rights and interest of the holder of any such prior lien, shall pass to the grantee acquiring title to the mortgaged property together with such policy and appropriate assignment of such right, title and interest which shall be made by the Mortgagor. 8. (a) In order more fully to protect the security of this Mortgage, the Mortgagor shall deposit with the Mortgagee together with, and in addition to, if applicable, the payment of principal and interest monthly on account of the Note secured hereby, until the Note is paid in full, an amount of money equal to the total amount of (i) ground rents, if any, next becoming due, (ii) the premiums next becoming due on the policies of fire and all other hazard insurance required by this Mortgage with respect to the mortgaged property, (iii) taxes, assessments, water rates and other governmental charges next becoming due on the mortgaged property (all the foregoing amounts as estimated by the Mortgagee and set forth in a written notice of such estimate by the Mortgagee to the Mortgagor from time to time), less all amounts that may already have been paid therefore, divided by the number of calendar months to elapse before one calendar month prior to the date when such ground rents, premiums, taxes, assessments, water rates and other governmental charges, respectively, will become due and payable. If any amount referred to in clauses (i) through (iii) hereof is required to be deposited by the Mortgagor under a mortgage or similar instrument having priority over the lien of this Mortgage, the Mortgagor shall make the deposits required by this Paragraph 8 only in the event of the termination of such obligation or the occurrence of the last mentioned event. All such amounts so deposited with the Mortgagee shall be held by the Mortgagee, or any agent designated by it, in trust to be used only for the payment of such ground rents, premiums, taxes, assessments, water rates and other governmental charges. No interest shall be payable by the Mortgagee on any sum so deposited. (b) All amounts required to be deposited with the Mortgagee monthly in accordance with Paragraph 8(a) hereof, and the amount of principal and interest to be paid each month on account of the Note, shall be added together, and the 3 Item # 2 Attachment number 2 Page 4 of 7 Heneghan Mortgage 10.02.07 aggregate amount thereof shall be paid by the Mortgagor to the Mortgagee in a single payment to be applied by the Mortgagee on account of the indebtedness ofthe Mortgagor pursuant to the Note and this Mortgage (to the extent that monies are available from the amount so deposited), in the order, any provision of the Note to the contrary notwithstanding, as follows: FIRST, to the amount of such ground rents, if any, fire and other hazard insurance premiums, taxes, assessments, water rates, and other governmental charges required to be paid under the provisions of this Mortgage, in whatever sequence the Mortgagee may exclusively determine; SECOND, to interest due on the Note; THIRD, to the principal due on the Note; and FOURTH, the remainder to the late charges, if any, referred to in the Note. Any deficiency in the amount of any such aggregate monthly payment shall, unless paid by the Mortgagor prior to the due date of the next such deposit payable, constitute an event of default under this Mortgage. (c) Any excess funds that may be accumulated by reason of the deposits required under Paragraph 8 (a) hereof, remaining after payment of the amounts described in clauses (i), (ii), and (iii) hereof, shall be credited to subsequent respective monthly amounts of the same nature required to be paid hereunder. If any such amount shall exceed the estimate therefore, the Mortgagor shall forthwith pay to the Mortgagee the amount of such deficiency upon written notice by the Mortgagee of the amount thereof. Failure to do so before the due date of such amount shall be an event of default under this Mortgage. If the mortgaged property is sold under foreclosure or is otherwise acquired by the Mortgagee, after default by the Mortgagor, any remaining balance of the accumulations under Paragraph 8 (a) hereof, shall be credited to the principal amount owing on the Note as of the date of commencement of foreclosure proceedings for the mortgaged property, or as of the date the mortgaged property is otherwise acquired. 9. The Improvements and all plans and specifications therefore shall comply with all applicable municipal ordinances, regulations and rules made or promulgated by lawful authority, and upon their completion, shall comply therewith and with the rules of the Board of Fire Underwriters having jurisdiction. 10. Upon any failure by the Mortgagor to comply with or perform any of the terms, covenants, or conditions of this Mortgage requiring the payment of any amount of money by the Mortgagor, other than the principal amount of the loan evidenced by the Note, interest and other charges, as provided in the Note, the Mortgagee may at its option make such payment. Every payment so made by the Mortgagee (including reasonable attorneys fees incurred thereby), with interest thereon from the date of such payment, as set forth in Paragraph 3, above, except any payment for which a different rate of interest is specified herein, shall be payable by the Mortgagor to the Mortgagee on demand and shall become a lien secured by this Mortgage. This Mortgage with respect to any such amount and the interest thereon shall constitute a lien on the mortgaged property prior to any other lien attaching or accruing subsequent to the lien of this Mortgage. 11. The Mortgagee, by any of its agents or representatives, shall have the right to inspect the mortgaged property from time to time at any reasonable hour of the day. Should the mortgaged property, or any part thereof, at any time require inspection, repair, care or attention of any kind or nature not provided by this Mortgage as determined by the Mortgagee in its sole discretion, the Mortgagee may, after notice to the Mortgagor, enter or cause entry to be made upon the mortgaged property and inspect, repair, protect, care for or maintain such property, as the Mortgagee may in its sole discretion deem necessary, and may pay all amounts of money therefore, as the Mortgagee may in its sole discretion deem necessary. 12. The principal amount owing on the Note together with interest thereon and all other charges, as therein provided, and all other amounts of money owing by the Mortgagor to the Mortgagee pursuant to and secured by the Mortgage, shall immediately become due and payable without notice or demand upon the appointment of a receiver or liquidator, whether voluntary or involuntary, for the Mortgagor or any of the property of the Mortgagor, or upon the filing of a petition by or against the Mortgagor under the provisions of any State insolvency law, or under the provisions of the Bankruptcy Act of 1898, as amended, or upon the making by the Mortgagor of an assignment for the benefit of the Mortgagor's creditors. The Mortgagee is authorized to declare, at its option, all or any part of such indebtedness immediately due and payable upon the occurrence of any of the following events of default: (a) Failure to pay the amount of any installment of principal and interest, or other charges payable on the Note, which shall have become due, prior to the due date of the next such installment. (b) Nonperformance by the Mortgagor of any covenant, agreement, term or condition of this Mortgage, or of the Note (except as otherwise provided in subdivision (a) hereof) or of any other agreement heretofore, herewith or hereafter made by the Mortgagor with the Mortgagee in connection with such 4 Item # 2 Attachment number 2 Page 5 of 7 Heneghan Mortgage 10.02.07 indebtedness, after the Mortgagor has been gIven due notice by the Mortgagee of such nonperformance; (c) Failure of the Mortgagor to perform any covenant, agreement, term or condition in any instrument creating a lien upon the mortgaged property, or any part thereof, which shall have priority over the lien ofthis Mortgage; (d) The Mortgagee's discovery of the Mortgagor's failure in any application of the Mortgagor to the Mortgagee to disclose any fact deemed by the Mortgagee to be material, or of the making therein, or in any of the agreements entered into by the Mortgagor with the Mortgagee (including but not limited to the Note and this Mortgage) of any misrepresentation by, on behalf of, or for the benefit of the Mortgagor; (e) The sale, lease or other transfer of any kind or nature of the mortgaged property, or any part thereof, without the prior written consent ofthe Mortgagee; The Mortgagee's failure to exercise any of its rights hereunder shall not constitute a waiver thereof. Upon any event of default, as enumerated in this Paragraph, the Note shall become, or may be declared to be, immediately due and payable. 13. The Mortgagee may from time to time cure each default under any covenant or agreement in any instrument creating a lien upon the mortgaged property, or any part thereof, which shall have priority over the lien of this Mortgage, to such extent as the Mortgagee may exclusively determine, and each amount Paid, if any, by the Mortgagee to cure any such default shall be paid by the Mortgagor to the Mortgagee, and the Mortgagee shall also become subrogated to whatever rights the holder of the prior lien might have under such instrument. 14. (a) After the occurrence of any default hereunder, the Mortgagor shall upon demand of the Mortgagee, surrender possession of the mortgaged property to the Mortgagee, and the Mortgagee may enter such property, and let the same and collect all the rents there from which are due or to become due, and apply the same, after payment of all charges and expenses, on account of the indebtedness hereby secured, and all such rents and all leases existing at the time of such default are hereby assigned to the Mortgagee as further security for the payment of the indebtedness secured hereby, and the Mortgagee may also dispossess, by the usual summary proceedings, any tenant defaulting in the payment of any rent to the Mortgagee. (b) In the event that the Mortgagor occupies the mortgaged property or any part thereof, the Mortgagor agrees to surrender possession of such property to the Mortgagee immediately after any such default hereunder, and if the Mortgagor remains in possession after such default, such possession shall be as a tenant of the Mortgagee, and the Mortgagor shall pay in advance, upon demand by the Mortgagee, as a reasonable monthly rental for the premises occupied by the Mortgagor, an amount at least equivalent to one-twelfth of the aggregate of the twelve monthly installments payable in the current calendar year, plus the actual amount of the annual ground rent, if any, taxes, assessments, water rates, other governmental charges, and insurance premiums payable in connection with the mortgaged property during such year, and upon the failure of the Mortgagor to pay such monthly rental, the Mortgagor may also be dispossessed by the usual summary proceedings applicable to tenants. This covenant shall become effective immediately upon the occurrence any such default, as determined in the sole discretion of the Mortgagee, who shall give notice of such determination to the Mortgagor, and in the case of foreclosure and the appointment of a receiver of the rents, the within covenant shall inure to the benefit of such receiver. 15. The Mortgagee in any action to foreclose this Mortgage shall be entitled to the appointment of a receiver without notice, as a matter of right and without regard to the value of the mortgaged property, or the solvency or insolvency of the Mortgagor or other party liable for the payment ofthe Note and other indebtedness secured by this Mortgage. 16. The Mortgagor, within ten (10) days upon request in person or within twenty (20) days upon request by mail, will furnish promptly a written statement in form satisfactory to the Mortgagee, signed by the Mortgagor and duly acknowledged, of the amount then owing on the Note and other indebtedness secured by this Mortgage, and whether any offsets or defenses exist against such indebtedness or any part thereof. 17. The Mortgagor will give immediate notice by registered or certified mail to the Mortgagee of any fire, damage or other casualty affecting the mortgaged property, or of any conveyance, transfer or change in ownership of such property, or any part thereof. 18. Notice and demand or request may be made in writing and may be served in person or by mail. 19. In case of a foreclosure sale of the mortgaged property, it may be sold in one parcel. 5 Item # 2 Attachment number 2 Page 6 of 7 Heneghan Mortgage 10.02.07 20. The Mortgagor will not assign the rents, if any, in whole or in part, from the mortgaged property, or any part thereof, without the prior written consent of the Mortgagee. 21. The Mortgagor is lawfully seized of the mortgaged property and has good right, full power and lawful authority to sell and convey the same in the manner above provided, and will warrant and defend the same to the Mortgagee forever against the lawful claims and demands of any and all parties whatsoever. 22. The Mortgagor hereby waives the benefit of all homestead exemptions as to the debt secured by this Mortgage and as to any expenditures for insurance, taxes, levies, assessments, dues or charges incurred by the Mortgagee pursuant to any provision of this Mortgage. 23. This Mortgage and all the covenants, agreements, terms and conditions herein contained shall be binding upon and inure to the benefit of the Mortgagor and the heirs, legal representatives and assigns of the Mortgagor and, to the extent permitted by law, every subsequent owner of the mortgaged property, and shall be binding upon and inure to the benefit of the Mortgagee and its assigns. If the Mortgagor, as defined herein, consists of two or more parties, this Mortgage shall constitute a grant and mortgage by all of them jointly and severally, and they shall be obligated jointly and severally under all the provisions hereof and under the Note. The word "Mortgagee" shall include any person, corporation, or other party who may from time to time be the holder of this Mortgage. Wherever used herein, the singular number shall include the plural, the plural number shall include the singular, and the use of any gender shall be applicable to all genders wherever the sense requires. IN WITNESS WHEREOF, this Mortgage has been duly signed and sealed by the Mortgagor on or as of the day and year first above written. In the presence of: Witness JON HENEGHAN Witness STATE OF FLORIDA COUNTY OF PINELLAS The foregoing instrument was acknowledged before me this _ day of ,2007 by JON HENEGHAN, personally known to me or who have produced a drivers license as identification. My Commission expires: Notary Public 6 Item # 2 Attachment number 2 Page 7 of 7 Heneghan Mortgage 10.02.07 EXHIBIT "A" 7 Item # 2 Attachment number 3 Page 1 of 2 CITY OF CLEARWATER COMMUNITY REDEVELOPMENT AGENCY CLEVELAND STREET DISTRICT FA(:ADE IMPROVEMENT PROGRAM FINANCIAL INCENTIVE CONTRACT STATE OF FLORIDA COUNTY of PINELLAS THIS AGREEMENT, made and entered into this _ day of 20_ by and between THE CITY OF CLEARWATER COMMUNITY REDEVELOPMENT AGENCY, hereinafter referred to as the CRA, and Jon Heneghan hereinafter referred to as the RECIPIENT. WITNESSETH THAT: Whereas, the CRA is dedicated to the renovation and rehabilitation and general improvement of the commercial structures in the central business district of the City of Clearwater; and Whereas, the CRA has developed a Fac,;ade Improvement Program to stimulate such improvement by providing grants and loans to property owners on a reimbursable matching basis for improvements to building facades and the furtherance of the Cafe District vision, the RECIPIENT agrees to certain conditions defined by the CRA: NOW THEREFORE, in consideration of the promises and mutual covenants herein contained the parties agree as follows: I. The Recipient agrees to utilize the funds on a reimbursement basis to fulfill that project described in the Recipient's Fac,;ade Financial Incentive Program Application attached hereto as Exhibit "A" and in the Letter of Notification attached hereto as Exhibit "B" and to utilize said funds for facade renovations and rehabilitation. 2. The Recipient agrees to renovate and rehabilitate those premises described in Exhibit "A" and "B" in accordance with the designs as approved and attached in Exhibit "A" so as to improve the fac,;ade(s) and to contribute to the Cafe District vision. 3. The Recipient agrees to maintain, based upon the images and description of work contained in Exhibit "A" the architectural integrity of the entire structure and premises, retaining those elements that enhance the structure and premises. 4. The Recipient agrees to abide by and conform to all rehabilitation and renovation undertaken pursuant to this agreement to all applicable laws of the United States, The State of Florida, and those applicable provisions of the ordinances of the City of Clearwater, directly or indirectly related to the subject matter of this agreement. 5. The recipient must obtain a Certificate of Occupancy or other appropriate permit inspection approval based upon the nature of the improvements 6. The Recipient agrees to undertake the renovation project by March 17,2008 (date) which is within six (6) months of approval of the proj ect with completion to occur by September 17, 2008 (date) which is within twelve (12) months of approval. Failure to complete the project by this date without an approved extension by the CRA Executive Director will result in breach of this agreement. PagtelrP#22 Attachment number 3 Page 2 of 2 7. The total amount of this award is $41.020 . Of this total amount, $10,000 will be a grant, (not requiring repayment) and $31.020 will be a zero interest loan payable upon sale of the property or upon a default as described in the Note and Mortgage ("Security Instruments") securing the loan and executed of even date herewith. 8. The Recipient agrees that the CRA will reimburse the Recipient on a $1:$1 (dollar-for-dollar) matching basis up to the award amount of $ 41,020 . The award be reimbursed upon completion of said improvements (according to itemized list provided), provided said project adheres to the application and designs attached as Exhibit "A" and is completed in accordance with those provisions specified in the Letter of Notification. 9. The Recipient agrees to maintain his/her property in good repair and to maintain and keep in place those improvements that are approved for reimbursement as defined in Exhibit "A" for a minimum period offive (5) years from the date of reimbursement. Failure to comply will result in a breach of contract. 10. Technical assistance provided by the City of Clearwater, CRA and any affiliate, successor or assigns will be advisory only. The City of Clearwater, CRA and any affiliate, successor or assigns will not be a party in negotiations between the Recipient and any contractor employed by him/her. 11. This agreement may be terminated and the CRA may withhold monies upon the Recipient's breach of or failure to perform any of the terms of this agreement including those provisions in Exhibit "A" and "B." The CRA shall give the Recipient ten (10) days notice in writing of termination for any cause. IN WITNESS WHEREOF, the parties hereto have caused this agreement to be signed by their proper officials upon the day and year first above written. BY: CRA, Executive Director BY: Recipient BY: Witness Pa~22 Meeting Date: 10/15/2007 Community Redevelopment Agency Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Presentation of Florida Main Street Awards SUMMARY: Clearwater's Main Street Joint Venture received four awards from Secretary of State, Kurt S. Browning, in Kissimmee at the annual Florida Main Street Conference awards dinner, on September 13,2007. Prizes were awarded to districts statewide at the event. Downtown Clearwater was designated a Main Street Community in 1998. Since its inception, volunteers have logged more than 10,000 hours with a value exceeding $50,000 for events and projects to promote merchants, conduct surveys, and provide fac,;ade design assistance for downtown buildings. It is a partnership of volunteers, local businesses, the Clearwater Downtown Development Board and stakeholders who support Clearwater's Main Street Community designation. An Honor Award: Outstanding Retail Sales Promotion Honor Award was received for our Buy 1 Get 1 Free Promotion. Merit Awards included: Nancy Beckmann, the Outstanding Local Florida Main Street Program Supporter for her work with the Clearwater Main Street Joint Venture. Outstanding Private-Public Partnership for the Downtown Farmer's Market sponsored by CRA and Downtown Development Board. Outstanding Sign/Display Project for Business Identification Signs sponsored by the Downtown Development Board. Review Approval: 1) Office of Management and Budget 2) Legal 3) Clerk 4) Assistant City Manager 5) Clerk 6) City Manager 7) Clerk Cover Memo Item # 3