MINUTES COMMUNITY REDEVELOPMENT AGENCY MONDAY, FEBRUARY 17, 2025 7:00 PM CITY HALL At 8:18 PM, Chair Fuller called the Community Redevelopment Meeting to order. Roll Call: Linda Bourgeois, City Clerk Board Members in attendance: Chair Mac Fuller, Vice Chair Nancy Z. Daley, Board Member Brent Eden, Board Member Jack Dearmin, and Board Member Maultsby. Staff in attendance: City Manager Ryan Leavengood, City Attorney Seth Claytor, Public Works Director Clifton Bernard, Finance Director Amber Deaton, Parks and Recreation Director Emily Deal, Management Analyst Aubrey Fuller, Assistant to the City Manager Brenn Hines, and Police Chief Art Bodenheimer. Chair Fuller introduced the consent agenda. Consent Agenda: 1.) Community Redevelopment Meeting Minutes for November 4, 2024. 2.) CRA Annual Report 2024 The City Clerk inserted the analysis. [Pursuant to Chapter 163, Florida Statutes, a Community Redevelopment Agency is required to file an annual report with the county or municipality that created the agency and publish the report on the agency's website. The report must include the following information: The most recent complete audit report of the redevelopment trust fund as required in S. 163.387(8), and the performance data for each plan authorized, administered, or overseen by the community redevelopment agency as of December 31 of the reporting year. This report includes: 1. The total number of projects started and completed and the estimated cost for each project. 2. Total expenditures from the redevelopment trust fund. 3. Original assessed real property values within the community redevelopment agency's area of authority as of the day the agency was created. 4. Total assessed real property values of the property within the boundaries of the Community Redevelopment Agency as of January 1 of the reporting year. 5. Total amount expended for affordable housing for low-income and middle-income residents.] Chair Fuller opened the floor to public comments, and seeing no one, he closed the floort to public comments. Board Member Dearmin moved to approve the CRA Consent Agenda, which Vice Chair Daley seconded. The motion was unanimously approved. February 17, 2025 City Commission 1 Chair Fuller introduced the business tem. The City Manager presented the analysis. The Lake Alfred Community Redevelopment Agency maintains a Capital Improvement Grant Program. The program incentivizes commercial businesses to renovate and update the exterior facades of downtown commercial properties. The program provides a 50% matching reimbursement grant of up to $50,000 for eligible expenses (100% of ADA improvements up to $25,000). By offsetting the cost of these projects, the CRA's goal is to incentivize visible improvements that will improve building and site aesthetics, thereby improving the marketability and value of existing businesses while attracting new businesses, residents, and visitors to the area. The application process formally opens on October 1st every other year and closes on December 31st. Applications received after the formal application period closes may be considered subject to available funding. The board determines application approval and the amount awarded. Address Improvements Request Eligible 185 S Lake Shore Parking lot improvements with $55,770.00 $31,691.00 Way additional ADA parking 670 S Lakeshore Parking lot improvements and new $23,828.75 $11,914.38 Way landscaping The applicant's eligibility requirements have been met, and it was determined that the applications are sufficient to be transmitted to the Board for consideration. $200,000 has been allocated and is available in the current fiscal year CRA Budget. The city is still working with the applicants on a few pending applications; if sufficient, they will be transmitted to the Board for consideration at a future meeting. The staff recommendation is at the pleasure of the Community Redevelopment Agency Board. Chair Fuller opened the floor to public comments, and seeing no one, he closed the floori to public comments. Board Member Dearmin moved to approve the CRA Capital Improvement Grant Applications, which Board Member Maultsby seconded. The motion was unanimously approved. Vice Chair Daley said it was great to have this opportunity to help in our Community Redevelopment Area. She congratulated the applicants. Chair Fuller thanked the applicants for their patience, and Board Member Eden commented on the size of the CRA funding that has grown in the past five years. At 8:27 PM, Chair Fuller adjourned the CRA Meeting. Respectfully submitted, duda Bovgors Linda Bourgeois, City Clerk, BAS, MMC February 17, 2025 City Commission 2