BOOK 2 Page 1633 11/20/06 2:30 P.M. MINUTES OF THE SPECIAL SARASOTA COMMUNITY REDEVELOPMENT AGENCY MEETING OF NOVEMBER 20, 2006 PRESENT: Chair Fredd "Glossie" Atkins, presiding, Vice Chair Danny Bilyeu, Members Lou Ann R. Palmer, Mary Anne Servian and Ken Shelin, Attorney Robert M. Fournier, Executive Director Michael A. McNees, and Secretary Billy E. Robinson ABSENT: None The meeting was called to order by Chair Atkins at 3:22 p.m. 1. APPROVAL RE: MINUTES OF THE SPECIAL SARASOTA COMMUNITY REDEVELOPMENT AGENCY MEETING OF SEPTEMBER 18, 2006 (AGENDA ITEM CRA-1) A motion was made by Vice Chair Bilyeu, seconded by Member Palmer, and carried by a 5-0 vote to approve the minutes of the Special Sarasota Community Redevelopment Agency meeting of September 18, 2006. (FTR 3:22) 2. REPORT RE: CRA ADVISORY BOARD'S REGULAR MEETINGS OF SEPTEMBER 28, 2006, AND OCTOBER 26, 2006 (AGENDA ITEM CRA-2) Former Chair and Member Kathleen Baylis, CRA Advisory Board, and Chief Planner John Burg, Planning and Redevelopment Department, came before the Commission. Former Chair and Member Baylis stated that new officers were elected last week; that the new Chair is Charles Githler and the new Vice Chair is Carl Meyer; and reported on the following items from the September 28 and October 26, 2006, Regular meetings of the CRA Advisory Board. (FTR 3:23) Attainable Housing Set-Aside Former Chair and Member Baylis stated that the CRA Advisory Board passed a motion unanimously by a 7-0 vote to recommend the CRA appropriate approximately one third of the TIF funds for attainable housing as the balance increases over the next several years. (FTR 3:24) A motion was made by Member Servian, seconded by Vice Chair Bilyeu, and carried by a 5-0 vote to set aside one third of Tax Increment Financing (TIF) Funds for affordable housing. (FTR 3:25) Project Prioritization for Tax Increment Financing (TIF) Funds Expenditures Member Palmer stated that the Project Prioritization for Tax Increment Financing (TIF) Funds Expenditures List should be placed on a future Agenda for further discussion as the decision concerning the expansion of the Community Redevelopment Area into Newtown has not been received from the County. (FTR 3:26) Chair Atkins noted CRA consensus to place the Project Prioritization for TIF Funds Expenditures List on a future Agenda for further discussion. (FTR 3:27) Former Chair and Member Baylis stated that the CRA Advisory Board began to prioritize the projects for the TIF Funds Expenditures at the October 26, 2006, CRA Advisory Board meeting; that the process used was fair as public input was included at the beginning of the meeting; that each CRA Advisory Board member had the opportunity to speak about each project. (FTR 3:27) In response to a question by Member Servian asking if the public input presented was too late for inclusion on the list, Chief Planner Burg stated that the list used was developed at the June 22, 2006, CRA and CRA Advisory Board Joint Workshop and also included items from the Downtown Master Plan 2020; that the items presented by the public could be considered at a future date; that a deadline was established to have a systematic process.. (FTR 3:29) Chief Planner Burg continued that the process included project descriptions, cost estimates and the year the cost estimates were made; that the following 18 items were identified during the meeting: 1/2. Fruitville Road improvementsma/lining System (tied), 3/4. Downtown Historic District/Public Private Partnerships (tied), 5/6. Cultural District/Municipal Parking (tied), 7. Burns Square Improvements, 8. Bicycle Network Improvements, 9. Selby Five Points Park, 10. U.S. 41 and Gulfstream Avenue Roundabout, 11. Storefront Facade Program, 12. Cocoanut Avenue, 13. U.S. 41 Sleeves, 14. Ringling Avenue Roundabout, 15. U.S. 41 and Fruitville Road Roundabout, 16. U.S. 301 Pedestrian Sleeves, 17. Fruitville Road and East Avenue Sleeves, and 18. Oak Street Belvedere. (FTR 3:30) A motion was made by Member Palmer, seconded by Member Shelin, and carried by a 5-0 vote to receive the report of the CRA Advisory Board for the September 28, 2006, and October 26, 2006, Regular meetings of the CRA Advisory Board. (FTR 3:31) In response to question by Member Palmer concerning the scheduling of a joint meeting of the CRA and CRA Advisory Bgard. regarding the Palm Avenue Project, City Auditor and Clerk Robinson stated that the joint meeting has been schaduled for 2:00 p.m.i January 22, 2006. (FTR 3:32) 3. DISCUSSION RE: ACQUISITION OF PROPERTY WITHIN THE ROSEMARY DISTRICT FOR THE PURPOSE OF DEVELOPING ATTAINABLE HOUSING (AGENDA ITEM CRA-3) Planning and Redevelopment Director Jane Robinson and Chief Planner David Smith, Planning and Redevelopment Department, came before the Commission. (FTR 3:32) Planning and Redevelopment Director Robinson stated that the Commission adopted several long- term and short-term action strategies at the September 18, 2006, Regular Commission meeting; that one of the action strategies was for the Commission to provide resources to hire individuals BOOK 2 Page 1634 11/20/06 2:30 P.M. BOOK 2 Page 1635 11/20/06 2:30 P.M. with knowledge in affordable housing and affordable housing programs; that the person hired will reside in the Office of Community Housing and Development. (FTR 3:33) Planning and Redevelopment Director Robinson continued that a shorter-term action strategy was for the Administration to consider using public land and Tax Increment Financing (TIF) funds for affordable housing; that the City Manager convened a meeting of appropriate City departments to consider the acquisition and possible purchase of property within the Rosemary District to develop attainable housing; that 12 possible sites were identified; that Site No. 3, a 2.7-acre site owned by the Boulevard Investments Group, LLC, with addresses of 600, 626, 706, 712, and 716 Cocoanut Avenue, 1301, 1329, 1335, and 1340 Rosemary Lane, 1317 and 1341 Boulevard of the Arts, 613 Florida Avenue, and 1320 May Lane, and Site No. 3A, a 3.6-acre site owned by the Cocoanut Investment Group, LLC, with addresses of 729, 735, 805, 817, 849, 881, and 913 Florida Avenue, 800 and 900 North Cocoanut Avenue, and 1323 and 1327 May Lane, will be used for affordable housing under a private-public partnership; that Site No. 5, a 1.0-acre site owned by the City with addresses of 1440 Boulevard of the Arts and 1433 and 1451 Fifth Street, will be used for affordable housing in a partnership with the Community Housing Trust. Planning and Redevelopment Director Robinson further stated that Staff did not have the authority to negotiate with property owners; that the criteria used for consideration of properties was how timely Staff could obtain affordable housing units, the density yield, and the cost of the property; that Site Nos. 7, 9, 10, and 12 with street addresses as follows were considered for the construction of affordable housing units with a price of $150,000 per dwelling unit: Site No. 7, Sarasota Military Academy, Inc., located on North Orange Avenue between Eighth and Tenth Streets, has 4.6 acres, a density yield of 115 dwelling units, land cost of $13,000,000, total cost with City contribution of $13,862,500, and a possible three-year leaseback based on how quickly another site can be found to construct another academy, Site No. 9, Fourth Street Partners, LLC, and adjacent Site No. 10, Lemon Avenue II, LLC, located on Fourth Street between Lemon and North Orange Avenues, total 1.6 acres, a density yield of 70 dwelling units, land cost of $8,000,000, and total cost with City contribution of $8,525,000, and Site No. 12, Fruitville Downtown Develop Partners, LLC, located on Fourth Street between Lemon and Central and Avenues, has 2.8 acres, a density yield of 70 dwelling units, land cost of $20,000,000, and total cost with City contribution of $20,525,000. (FTR 3:36) Planning and Redevelopment Director Robinson stated further that appraisals have not been obtained; that property should be purchased in the Rosemary District within the next few months as the prices are currently depressed; that Staff will negotiate the purchase price of the land with the property owners or real estate agents if approved by the Commission. (FTR 3:44) City Manager McNees stated that Staff should consider the opportunity cost of utilizing $13 million, specifically in a Downtown location as the Community Redevelopment Area may be expanded; that the Commission should consider the amount of land $13 million could purchase at a distance from the Downtown area. A motion was made by Member Servian and seconded by Member Palmer to authorize the City Manager or appointed designees to obtain an appraisal on the Sarasota Military Academy property, continue discussions with the Sarasota Military Academy, and identify parcels of land for purchase in the proposed expanded Community Redevelopment Area to Newtown. (FTR 3:49) In response to a question by Planning and Redevelopment Director Robinson asking if the discussion should be only with the Sarasota Military Academy, Member Servian stated that the continuous discussions should be only with the Sarasota Military Academy. (FTR 3:50) Member Palmer withdrew her second and Member Shelin seconded the motion by Member Servian to authorize the City Manager or appointed designees to obtain an appraisal, continue discussions with the Sarasota Military Academy, and identify parcels of land for purchase in the proposed expanded area of the Community Redevelopment Area to Newtown. (FTR 3:51) Executive Director McNees stated that the Fourth Street Partners, LLC, and Lemon Avenue II, LLC, parcels should be included for consideration to provide the Administration flexibility during negotiations. Member Servian as the maker of the motion with the approval of Member Shelin as the seconder amended the motion to include the Site No. 9, the Fourth Street Partners, LLC, and Site No. 10, Lemon Avenue II, LLC, parcels for consideration. (FTR 3:51) Chair Atkins called for a vote on the motion to authorize Staff to obtain appraisals, continue discussions with the Sarasota Military Academy as well as the Fourth Street Partners, LLC, and Lemon Avenue II, LLC, and explore identifying parcels of land for purchase in the proposed expanded area of the Community Redevelopment Area to Newtown, which carried by a 5-0 vote. (FTR 3:53) 4. ADJOURN Chair Atkins adjourned the meeting at 3:54 p.m. FREDD "GLOSSHE ATKINS, CHAIR ATTEST 13t E Rabtuse à BILLY E ROBINSON, : * SECRETARY BOOK 2 Page 1636 11/20/06 2:30 P.M.