BOOK2 Page 1623 05/15/06 2:30 P.M. MINUTES OF THE SPECIAL SARASOTA COMMUNITY REDEVELOPMENT AGENCY MEETING OF MAY 15, 2006 PRESENT: Chair Fredd "Glossie" Atkins, presiding, Vice Chair Danny Bilyeu, Members Lou Ann 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 2:58 p.m. 1. APPROVAL RE: MINUTES OF THE SPECIAL COMMUNITY REDEVELOPMENT AGENCY (CRA) MEETINGS OF MARCH 6 AND APRIL 3, 2006 (AGENDA ITEM CRA-1 AND -2) Chair Atkins noted CRA consensus to approve the minutes of the Special Community Redevelopment Agency meetings of March 6 and April 3, 2006. (FTR2:45) 2. APPROVAL RE: INTERLOCAL AGREEMENT BY AND AMONG THE CITY OF SARASOTA, THE CITY OF SARASOTA COMMUNITY REDEVELOPMENT AGENCY (CRA) AND SARASOTA COUNTY PROVIDING FOR REBATE BACK TO SARASOTA COUNTY EACH YEAR OF TAX INCREMENT REVENUES FROM NEWTOWN COMMUNITY REDEVELOPMENT AREA DEPOSITED BY SARASOTA COUNTY INTO THE REDEVELOPMENT TRUST FUND (AGENDA ITEM CRA-3) Attorney Fournier gave an introduction to the Interlocal Agreement among the City, the CRA, and the County which provides for a rebate back of tax increment revenues from the Newtown Community Redevelopment Area to the County; that a request to set for public hearing at the June 5, 2006, Regular Commission meeting proposed Resolution No. 06R-1901 making the formal, legally required finding of blight is on Consent Agenda No. 1 of the. Agenda of the May 15, 2006, Regular Commission meeting; that the Interlocal Agreement will be presented to the CRA and the Commission on June 5, 2006. David Cardwell, Attorney, The Cardwell Law Firm, came before the CRA gave a presentation concerning the process required to create a new Community Redevelopment Area in Newtown or expand the existing Community Redevelopment Area to Newtown; and stated that the County must delegate redevelopment powers to the City. In response to a question from Attorney Fournier concerning a County Resolution delegating authority, Attorney Cardwell stated that a draft County Resolution and the draft Interlocal Agreement should be presented to the County at the same time. In response to a question from Member Servian concerning the process of drafting the Interlocal Agreement, Attorney Cardwell stated that a draft of an Interlocal Agreement will be prepared and presented to the County. In response to a question from Member Servian concerning the trust funds for the revenues, Attorney Cardwell stated that one or two trust funds could be created. In response to a question from Member Servian conceming the locations of the Community Redevelopment Areas, Attorney Cardwell stated that the areas need not be contiguous to be included in the Community Redevelopment Area. In response to a question from Attorney Fournier concerning expenditures from the trust fund, Attorney Cardwell stated that expenditures in the expanded Community Redevelopment Area can only be made from the trust fund for the existing Downtown Community Redevelopment Area if a single trust fund is created; that separate accounts could be created in the trust fund if the County agrees. In response to a comment from Member Palmer concerning extending the timeframe for the Downtown Community Redevelopment Area beyond 2016, Attorney Cardwell stated that new Community Redevelopment Areas can be created for a period of 45 years; that previously the timeframe was 30 years with a possible 30-year extension; that the timeframe must be established in the County's delegation Resolution and the Interlocal Agreement. In response to a question from Vice Chair Bilyeu concerning the County's not agreeing to leave the County portion of the tax increment in the trust fund, Attorney Cardwell stated that no County to his knowledge has opted out of financial participation in a Community Redevelopment Area trust fund completely; that most have negotiated to pay less or pay into the trust fund and have a portion of the funds rebated back. In response to a question from Vice Chair Bilyeu concerning the inclusion of an unincorporated area in the Community Redevelopment Area, Attorney Cardwell stated that the City cannot go outside the municipal boundaries in creating a Community Redevelopment Area. In response to a question from Chair Atkins concerning the County's position regarding the tax increment revenues, Member Servian stated that each of the County Commissioners previously indicated a willingness to expand the Community Redevelopment Area but not a willingness to expand the contribution of the County's portion of the tax increment revenues. City Manager McNees stated that the County has taken official action in the development of a community reinvestment loan program as an alternative to the creation of new Community Redevelopment Areas. In response to a question from Member Shelin concerning the expiration date, Attorney Cardwell stated that the expiration date is the length of time the tax increment revenues are paid into a trust fund; that the Community Redevelopment Area and the Community Redevelopment Agency can exist forever. In response to a question from Member Shelin concerning extending the expiration date of the Downtown Community Redevelopment Area, City Manager McNees stated that the City promised not to request an extension of the expiration date of the Downtown Community Redevelopment Area as part of the Memorandum of Understanding between the City and the County relating to the County's decision to maintain the County's administrative offices in the Downtown area. In response to a question from Member Palmer concerning expenditures from the trust fund for policing, housing, landscape maintenance, Attorney Cardwell stated that the possible expenditures must be included in the Newtown Community Redevelapment Plan. - , * IA In response to a question from Member Servian concerning the CRA Advisory Board, Attorney Cardwell stated that a separate advisory board could be established, which is the most common practice throughout the State. In response to a question from Member Servian concerning adding the Park East Neighborhood, Attorney Cardwell stated that a delegation in advance could be obtained from the County. The following people spoke: John McGruder, representing Sarasota United for Responsibility and Equity, concerning the County's obligation to support Newtown, strong support for expansion of the Community Redevelopment Area into Newtown, and encouragement to spend the funds for affordable housing. William Russell, Executive Director of the Sarasota Housing Authority (SHA), concerning the SHA's position favoring expansion of the Community Redevelopment Area into Newtown and encouraging the use of Tax Increment Tax (TIF) funds for affordable housing units. BOOK: 2 Page 1624 05/15/06 2:30 P.M. BOOK 2 Page 1625 05/15/06 2:30 P.M. John Susce, representing the Park East Neighborhood Association, concerning support for expansion of the Community Redevelopment Area into Newtown and requesting the Commission consider expansion of the Community Redevelopment Area into the Park East Neighborhood. Carolyn Mason, Chair of the Newtown Front Porch Revitalization Council, concerning strong support for the efforts to extend the boundaries of the Community Redevelopment Area to include Newtown and other north Sarasota areas. Diana Hamilton concerning agreement for expanding the Community Redevelopment Area into the Newtown community and indicating residents of the Newtown community are residents of both the City and the County. (FTR 3:38) Attorney Fournier stated that no further action is necessary; that a draft Interlocal Agreement will be prepared and presented at the June 5, 2006, Regular Commission meeting. (FTR 3:39) In response to a request from Member Palmer concerning the County's participation and a concern expressed by Member Servian concerning good faith discussions with the County, Chair Atkins noted the CRA's consensus to proceed with drafting two Interlocal Agreements, one including and one excluding the County's financial participation in the proposed Newtown Community Redevelopment Area. (FTR 3:41) In response to a request from Member Palmer concerning an extension of the expiration date of the trust fund for the expanded Newtown Community Redevelopment Area, Chair Atkins stated that, hearing no objections, the request to the County will include a request for the expiration date of the trust fund for the expanded Newtown Community Redevelopment Area to extend the full 45 years. 3. APPROVAL RE: CERTIFICATION TO PROSPECTIVE MORTGAGE LENDER FOR WHOLE FOODS MARKET CENTRE PROJECT FISCAL YEAR ENDING SEPTEMBER 30, 2005 (AGENDA ITEM CRA-4) Attorney Fournier gave the presentation. A motion was made by Member Servian, seconded by Member Shelin, and carried by a 5-0 vote to authorize the Chair and Secretary to execute the requested certification to Teachers Insurance and Annuity. Association of America entitled "Statement of City of Sarasota In Re: Deed." 4. OTHER MATTERS A. In response to a question from Member Servian concerning a joint meeting with the CRA Advisory Board, City Auditor and Clerk Robinson stated that a joint meeting between the CRA and the CRA Advisory Board has been scheduled for June 22, 2006. B. In response to a question from Member Palmer concerning the Request for Proposals (RFP) for the City-owned Palm Avenue property, Chief Planner John Burg, Planning and Redevelopment Department, came before the CRA and stated that an item concerning the RFP will be on the Agenda of the June 5, 2006, Special CRA meeting. C. In response to a question from Vice Chair Bilyeu concerning the Agenda of the June 22, 2006, joint meeting of the CRA and the CRA Advisory Board, City Manager McNees stated that the meeting will be a strategic planning session with a focus on an estimate of available funds and cost estimates of specific projects for the CRA's consideration. 5. ADJOURN Chair Atkins adjourned the meeting at 3:40 p.m. 4 FREDD "GLOSSIE" ATKINS, CHAIR ATTESTC, a 0 13 - e BILLY:E. ROBINSON, SECRETARY BOOK2 Page 1626 05/15/06 2:30 P.M.