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HomeMy WebLinkAbout142195 - MINUTES - CRA MINUTES OF MEETING CITY OF DANIA BEACH COMMUNITY REDEVELOPMENT AGENCY WEDNESDAY, MARCH 11, 2009 — 6:00 P.M. 1. Call to Order/Roll Call Chairman Jones called the meeting to order at 6:10 p.m. Present: Chairman: Albert Jones Vice-Chairman: Anne Castro Board Members: Bob Anton John Bertino Patricia Flury Interim City Manager: Colin Donnelly City Attorney: Thomas Ansbro CRA Secretary: Louise Stilson CRA Director: Jeremy Earle CRA Attorney: Bill Salim 2. Annroval of Minutes Board Member Anton motioned to approve the minutes of February 4, 2009; seconded by Vice-Chairman Castro. The motion carried unanimously. Jeremy Earle, CRA Director thanked Board Member Bertino and Board Member Flury for their support to the Community Redevelopment Agency. Director Earle advised that he will be re-issuing the Request for Qualifications (RFQ) for the Park 109 project to make sure that we technically receive responses and that we are legally covered. He noted his goal is to start the parking garage project around August/September, 2009. Director Earle noted that on Monday, March 9, we had a very successful meeting with representatives from Congresswoman Wasserman-Schultz and Congressman Klein, to request government funding and promote our City. He thanked Vice-Chairman Castro and Board Member Anton for their attendance and support. Director Earle remarked that the meeting was well attended and that this is a group of people who believe in what we are doing and are committed to help us find the resources. He pointed out that we will continue to be aggressive in order to implement our plan. 3. Resolution#2009-CRA-003 A RESOLUTION OF THE CITY OF DANIA BEACH, FLORIDA, COMMUNITY REDEVELOPMENT AGENCY (CRA) AUTHORIZING THE PROPER COMMUNITY REDEVELOPMENT AGENCY OFFICIALS TO EXECUTE A SECOND AMENDMENT TO THE INTERLOCAL AGREEMENT EXISTING BETWEEN THE CITY OF DANIA BEACH, THE COMMUNITY REDEVELOPMENT AGENCY AND BROWARD COUNTY, PERTAINING TO COUNTY FUNDING OF INFRASTRUCTURE IMPROVEMENTS PROPOSED FOR THE DANIA BEACH CRA AREA; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE. Jeremy Earle, CRA Director, noted these are revised resolutions from those previously approved by the Board and City Commission. He clarified that we have approximately $800,000.00 which we need to use within the next two years. Director Earle advised that he is planning to use these funds this year and that we are not leaving any money on the table with Broward County. Vice-Chairman Castro motioned to adopt Resolution 92009-CRA-003; seconded by Board Member Flury. The motion carried on the following 5-0 Roll Call vote: Board Member Anton Yes Vice-Chairman Castro Yes Board Member Bertino Yes Chairman Jones Yes Board Member Flury Yes 4. Resolution#2009-CRA-004 A RESOLUTION OF THE CITY OF DANIA BEACH, FLORIDA, COMMUNITY REDEVELOPMENT AGENCY (CRA) AUTHORIZING THE PROPER COMMUNITY REDEVELOPMENT AGENCY OFFICIALS TO EXECUTE A THIRD AMENDMENT TO THE INTERLOCAL AGREEMENT EXISTING BETWEEN THE CITY OF DANIA BEACH, THE COMMUNITY REDEVELOPMENT AGENCY AND BROWARD COUNTY, PERTAINING TO COUNTY FUNDING OF INFRASTRUCTURE IMPROVEMENTS PROPOSED FOR THE DANIA BEACH CRA AREA; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE. Jeremy Earle, CRA Director, noted this Resolution refers to the $2.3M which we will receive from the County, once it is approved and executed by them. He indicated that Broward County had originally agreed to give us $2.4M, but they concluded that we will receive $2.3M as a`loan to grant", with the conditions that we have already discussed, mainly for the reimbursement of the purchase of Parcel 109. Vice-Chairman Castro clarified with Director Earle that in order for the loan to convert to a grant, we would need to meet the requirements stated on the Third Amendment. She confirmed that Lucky's Hotel as well as the City Hall Complex would be included as some of the redevelopment projects. Vice-Chairman Castro motioned to adopt Resolution 42009-CRA-004; seconded by Board Member Bertino. The motion carried on the following 5-0 Roll Call vote: Board Member Anton Yes Vice-Chairman Castro Yes Board Member Bertino Yes Chairman Jones Yes Minutes of Regular Meeting 2 City of Dania Beach Community Redevelopment Agency Wednesday,March 11,2009—6:00 p.m. Board Member Flury Yes Director Earle advised that the best use for the $800,000 would be to purchase some properties in the downtown area which he has already identified. He noted we could use them for surfaced parking lots which are much needed in the downtown area. 5. Resolution#2009-CRA-005 A RESOLUTION OF THE CITY OF DANIA BEACH, FLORIDA, COMMUNITY REDEVELOPMENT AGENCY APPROVING AN AMENDED COMMUNITY REDEVELOPMENT PLAN FOR THE EXPANDED COMMUNITY REDEVELOPMENT AREA OF THE CITY OF DANIA BEACH. Jeremy Earle, CRA Director, explained that this Resolution approves the amendment to the Community Redevelopment Plan to include the Expanded Community Redevelopment Area. Board Member Flury motioned to adopt Resolution #2009-CRA-005; seconded by Vice- Chairman Castro. The motion carried on the following 5-0 Roll Call vote: Board Member Anton Yes Vice-Chairman Castro Yes Board Member Bertino Yes Chairman Jones Yes Board Member Flury Yes 6. Contracts and Expenses Jeremy Earle, CRA Director, explained that in order to move forward with the negotiations for Parcel 109, as well as continuing to work with us from a CRA governance point of view, we would like to engage the services of Kim Briesemeister, Metro Strategies, Inc. He noted that we already have a contract with Ms. Briesemeister but this agreement is for an additional lump sum of$15,000.00, therefore we require the approval of the CRA Board. Vice-Chairman Castro confirmed with Director Earle that three of the contracts being presented tonight are covered under the existing CRA budget. Director Earle further indicated that a proposal from Jim Carras, Carras Community Investment, Inc., to help us partner with the Lauderhill CRA and Oakland Park CRA, in order to apply directly for$100M in Tax Credits would require additional funding. Jim Carras, Carras Community Investment, Inc., noted that they represent the Broward New Markets,LLC, a US Treasury certified Community Development Entity (CDE), which is seeking to expand its target market for this year's application by including other redevelopment areas. He advised that the application process is highly competitive and in order to participate, the City would have to become a member of the Broward New Markets, LLC. The cost to do so would be approximately $15,000.00-$20,000.00. Mr. Carras further explained the subsequent process once we become a member. Minutes of Regular Meeting 3 City of Dania Beach Community Redevelopment Agency Wednesday,March 11,2009-6:00 p.m. Discussion followed between the CRA Board Members and Mr. Carras regarding the possible benefits the City would receive by participating and what share of the funds would be allocated to us. Director Earle clarified for Vice-Chairman Castro that both the City Commission and CRA Board would need to approve the additional funding for this project. Interim City Manager Donnelly noted that funding from Contingency would not be available, it would therefore need to come from the Fund balance. Vice-Chairman Castro supported the proposal and thought this would be a very wise investment and a great opportunity for our CRA. Board Member Anton agreed with Vice-Chairman Castro. He noted this would provide funding for any future development. Board Member Anton stated that this action entails a minimum risk for a very large profit. Mr. Carras noted that this program has been in place since 2001 and that city governments, financial institutions, investment banks, housing authorities and non-profit organizations have all created Community Development Entities that have been successful in receiving tax credits. Board Member Bertino concurred with Vice-Chairman Castro and Board Member Anton. However, before any money is allocated to this program, he would like our representatives to meet with the group who is already a part of this Community Development Entity, to work out the exact percentage that each member would receive if the application is successful. Mr. Carras pointed out that the application is due on April 8, 2009. Board Member Flury noted she would be willing to take the chance. She further stated that we should rely on CRA Director Earle to make sure that we are a partner, and monitor this process closely. Mr. Carras clarified for Board Member Flury that he anticipates a period of about six months from the time we apply until we receive a response. The Board generally agreed to have CRA Director Earle meet with the other members of the corporation and report the outcome of his meeting prior to any funds being allocated. Board Member Flury motioned to approve funding for the New Market Tax Credits, with conditions; seconded by Vice-Chairman Castro. The motion carried on the following 5-0 Roll Call vote: Board Member Anton Yes Vice-Chairman Castro Yes Board Member Bertino Yes Chairman Jones Yes Board Member Flury Yes Minutes of Regular Meeting q City of Dania Beach Community Redevelopment Agency Wednesday,March 11,2009—6:00 p.m. Board Member Anton motioned to adopt the contracts, as presented; seconded by Vice- Chairman Castro. The motion carried on the following 5-0 Roll Call vote: Board Member Anton Yes Vice-Chairman Castro Yes Board Member Bertino Yes Chairman Jones Yes Board Member Flury Yes Chairman Jones thanked Board Member Bertino and Board Member Flury for their many contributions to the City and its residents. 7. Adiournment Chairman Jones adjourned the meeting at 6:56 p.m. ATTEST: COMMUNITY REDEVELOPMENT AGENCY LOUISE STILSON, CMC ALBERT C. JONES CRA SECRETARY CHAIRMAN—CRA �PO,Np[tD s F�gyr Approved: April 1, 2009 Z atto Minutes of Regular Meeting 5 City of Dania Beach Community Redevelopment Agency Wednesday,March 11,2009—6:00 p.m.