Book 3 Page 31755 03/19/12 2:30 P.M. MINUTES OF THE SPECIAL SARASOTA COMMUNITY REDEVELOPMENT AGENCY MEETING OF MARCH 19, 2012 PRESENT: Chair Suzanne Atwell, presiding, Vice Chair Terry Turner, Members Paul Caragiulo, Willie Shaw, and Shannon Snyder, Deputy Executive Director Marlon Brown, Attorney Robert Fournier, and Secretary Pamela Nadalini ABSENT: Interim Executive Director Terry Lewis The meeting of the Community Redevelopment Agency (CRA) was called to order by Chair Atwell at 2:38 p.m. 1. APPROVAL RE: MINUTES OF THE SPECIAL COMMUNITY REDEVELOPMENT AGENCY MEETING OF NOVEMBER 21, 2011 (AGENDA ITEM CRA-1) Chair Atwell noted CRA consensus to approve the minutes of the Special CRA meeting of February 21, 2012. 2. PRESENTATION RE: COMMUNITY REDEVELOPMENT AGENCY (CRA) ADVISORY BOARD ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2011 WHICH IS INCLUDED IN THE CITY'S COMPREHENSIVE ANNUAL FINANCIAL REPORT, ADVISORY BOARD (AGENDA ITEM CRA-2) Christopher Lyons, Finance Administration Director, and Kelly Strickland, Deputy Finance Director, came before the Commission. Mr. Lyons gave a computer-generated presentation and overview of the City Codes and the Florida Statutes relating to audits; that each CRA in Florida must provide an audit of the CRA trust fund each fiscal year; that a report must be compiled by an independent Certified Public Accounting (CPA) firm and shall describe the amount, source, deposits, and amount and purpose of withdraws; that the agency shall provide by registered mail a copy of the report to each taxing authority; that the CRA is considered a major fund; that revenues total $7.8 million which includes Sarasota County's contribution; that CRA initiatives total $4.5 million and include the following: 1. Palm Avenue parking facility $2.372 million 2. Housing Authority $644,000 3. Pedestrian Lighting $508,000 4. Parking Initiatives $474,000 Mr. Lyons stated that General Fund money was transferred into the following accounts: 1. Sarasota Police Department $1 million 2. Landscape Services $800,000 3. Operation $725,000 - for the Downtown and Newtown Redevelopment Offices Mr. Lyons stated that the Annual Financial Report for the CRA must be distributed to participating entities by March 31, 2012, which is before the CAFR is due; that the CRA complies with the State Statutes. A motion was made by Member Shaw, seconded by Member Snyder, and carried by a 5-0 vote to accept the Community Redevelopment Agency (CRA) Advisory Board Annual Financial Report for the Fiscal Year ended September 30, 2011, which is included in the City's Comprehensive Annual Financial Report (CAFR). Deputy Executive Director Manager Brown stated that workshops are scheduled for the Capital Improvement Plan (CIP) and Community Redevelopment Agency (CRA) on April 24, 2012. 3. ADJOURN GISTST 7 Chair Atwelladjoumed the meeting at 2:47 p.m. M bianei dai SUZANNE ATWELL, CHAIR a ST: e ada PAMELA NADALINI, SECRETARY Book 3 Page 31756 03/19/12 2:30 P.M.