MINUTES OF THE SPECIAL SARASOTA COMMUNITY REDEVELOPMENT AGENCY MEETING OF SEPTEMBER 20, 2010 PRESENT: Chair Kelly M. Kirschner, presiding, Vice Chair Fredd "Glossie" Atkins, Members Suzanne Atwell, Richard Clapp, and Terry Turner, Executive Director Robert J. Bartolotta, Attorney Robert M. Fournier, and Secretary Pamela M. Nadalini ABSENT: None The meeting of the Community Redevelopment Agency (CRA) was called to order by Chair Kirschner at 2:57 p.m. 1. APPROVAL RE: MINUTES OF THE SPECIAL COMMUNITY REDEVELOPMENT AGENCY MEETING OF SEPTEMBER 7, 2010 (AGENDA ITEM CRA-1) Chair Kirschner noted CRA consensus to approve the minutes of the Special CRA meeting of September 7, 2010. Member Turner stated that he spoke with Secretary Nadalini regarding providing the Commission draft minutes for CRA meetings to avoid the scheduling of CRA meetings only to approve minutes. 2. REPORT RE: JOINT BOARD REPORT OF THE DOWNTOWN AND NEWTOWN COMMUNITY REDEVELOPMENT AGENCY ADVISORY BOARDS FOR AUGUST 19, 2010 AND PROPOSED COMMUNITY REDEVELOPMENT AGENCY POLICIES FOR USE OF TAX INCREMENT FUNDS (TIF) FOR DOWNTOWN AND NEWTOWN COMMUNITY REDEVELOPMENT AREAS (AGENDA ITEM CRA-2) Dale Parks, Chair, Downtown CRA Advisory Board, Tyrone Hill, Vice Chair, Newtown CRA Advisory Board, North Sarasota Redevelopment General Manager Lorna Alston and Chief Planner Steven Stancel, Neighborhood and Development Services Department, came before the Commission. Mr. Parks gave a presentation concerning of the August 19, 2010, Joint Downtown and Newtown CRA Advisory Boards meeting and the history of the creation of the Community Redevelopment Area. Mr. Hill gave an overview of the discussion of the Newtown CRA Advisory Board concerning supporting community programs and the process to apply for Tax Increment Financing (TIF) funds; and stated that the Downtown and Newtown CRA Advisory Boards discussed establishing equitable policies and procedures for the Downtown and Newtown area at two different joint meetings held June 17, and August 19, 2010; that the Downtown and Newtown CRA Advisory Boards passed a motion unanimously at the August 19, 2010, Joint Downtown and Newtown CRA Advisory Boards meeting to recommend the CRA approve the CRA Policies for the use of TIF funds in the Downtown and Newtown Community Redevelopment Areas including a revision to Item 3 to indicate development on CRA or City-owned property must involve the sale or lease of CRA or City-owned property and be subject to a competitive Request for Proposals (RFP) process to determine which project best meets the City's redevelopment financial objectives; that the CRA may grant an exception to the RFP process if the proposal combines City-owned property with adjacent private property. A discussion ensued concerning the identification of the distribution percentages in the proposed CRA Policies and the use of TIF funds by non-profit organizations. In response to a question by Chair Kirschner asking the date the CRA TIF Financial Assistance Program begins, Ms. Alston stated that the program will begin October 1, 2010. Mr. Stancel gave a computer-generated presentation concerning the CRA TIF Financial Assistance Program including the qualification requirements and eligible programs, specifically the program involving High School Education for community development. BOOK 3 Page 31710 09/20/10 2:30 P.M. BOOK 3 Page 31711 09/20/10 2:30 P.M. A discussion ensued concerning the reason high school education program was selected as an eligible program rather than educational programs in general. Mr. Stancel continued the computer-generated presentation concerning the CRA TIF Financial Assistance Program including the qualification requirements for economic development and business enhancement, public/private partnership, development on CRA or City-owned property, and public programs/public infrastructure improvements; and stated that Staff recommends the CRA accept the board report of the Downtown and Newtown CRA Advisory Boards meeting of August 19, 2010, and the proposed CRA Policies for use of TIF funds for Downtown and Newtown Community Redevelopment Areas. A discussion ensued concerning clarifying the allocation percentages, the recapturing of funds, the ranking of applications, and clarifying the reference to sustainable/green initiatives in the description for the Program/Project Narrative. A. motion was made by Vice Chair Atkins, and seconded by Member Turner to accept the board report of the August 19, 2010, Downtown and Newtown Community Redevelopment Agency (CRA) Advisory Boards and approve the CRA Policies for the use of Tax Increment Financing (TIF) funds for Downtown and Newtown Community Redevelopment Areas including changing the eligible program of high school education under Community Development to schools and identifying the one-third allocations for the Downtown and Newtown Community Redevelopment Areas and affordable housing the latter of which were reallocated in equal parts to the Downtown and Newtown Community Redevelopment Areas. Executive Director Bartolotta stated that the CRA is recommended to authorize Staff to present a draft of the CRA Policies incorporating the changes for approval in the near future to address complications with the debt service. Attorney Fournier stated for clarification that the Community Redevelopment Act includes a statutory process which must be followed by the City for the sale, lease, or disposition of property acquired for redevelopment purposed by the City within the Community Redevelopment Area in addition to the requirement of issuing an RFP to determine which project best meets the City's redevelopment financial objectives. Chair Kirschner called for a vote on the motion which carried by a 5-0 vote. 3. APPROVAL RE: CITY COMMISSION RECOMMENDATION TO THE COMMUNITY REDEVELOPMENT AGENCY (CRA) TO AUTHORIZE PAYMENT OF $2,500 IN TAX INCREMENT FINANCE FUNDS FOR THE 2010-2011 SEMCON (AGENDA ITEM CRA-3) Chair Kirschner stated that the Commission voted unanimously at the September 7, 2010, Regular Commission meeting to approve a $2,500 allocation from the budget of the CRA for SemCon 2010-11, Part II. A motion was made by Vice Chair Atkins, seconded by Member Atwell, and carried by a 5-0 vote to authorize the payment of $2,500 in Tax Increment Financing (TIF) funds for the 2010-2011 SemCon. 4. ADJOURN Chair Kirschner adjourned the meeting at 3:36 p.m. KELLY M. KIRSCHNER, CHAIR ATTEST: - 7 - Owda PAMELA M. NADALINI, SECRETARY BOOK: 3 Page 31712 09/20/10 2:30 P.M.