HomeMy WebLinkAbout2011-01-25 CRA Board Special Meeting Minutes MINUTES OF SPECIAL MEETING
CITY OF DANIA BEACH
COMMUNITY REDEVELOPMENT AGENCY
TUESDAY, JANUARY 25, 2011
(During City Commission Meeting beginning at 7:00 p.m.)
1. Call to Order/Roll Call
Chairman McElyea called the meeting to order at 8:33 p.m.
Present:
Chairman: C. K. "Mac"McElyea
Vice-Chairman: Anne Castro
Board Members: Bob Anton
Walter Duke
Bobbie Grace
City Attorney: Thomas Ansbro
CRA Secretary: Louise Stilson
CRA Executive Director: Jeremy Earle
CRA Attorney: William Salim
2. Resolution#2011-CRA-001
A RESOLUTION OF THE CITY OF DANIA BEACH, FLORIDA, COMMUNITY REDEVELOPMENT
AGENCY (CRA) AUTHORIZING THE PROPER COMMUNITY REDEVELOPMENT AGENCY OFFICIALS
TO EXECUTE A FIFTH AMENDMENT TO THE INTERLOCAL AGREEMENT (ILA) 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; AMENDING THE ILA TO PROVIDE FOR PARTIAL LOAN TO
GRANT CONVERSION; AUTHORIZING THE AMENDMENT AND EXECUTION OF LOAN AGREEMENTS
AND PROMISSORY NOTES EXECUTED PURSUANT TO THE SECOND AMENDMENT TO THE ILA,
THIRD AMENDMENT TO ILA AND FOURTH AMENDMENT TO ILA; ACKNOWLEDGING THE
EXPIRATION OF THE ILA AND LOSS OF CERTAIN FUNDING FROM THE BROWARD COUNTY
REDEVELOPMENT CAPITAL PROGRAM; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR
AN EFFECTIVE DATE.
City Attorney Ansbro read the title of Resolution#2011-CRA-001.
Jeremy Earle, CRA Executive Director, explained that for the past few weeks the CRA has been
in negotiations with Broward County to preserve some of the funds we have with them. He
pointed out that these funds will be lost on February 21, 2011, if we do not use them. Director
Earle noted that we had requested Redevelopment Capital Program (RCP) funding related to the
Parking Garage for a Security and Gate-Arm Entry System. He indicated that the Fifth
Amendment to the Interlocal Agreement (ILA) extends the time that we can use the approximate
sum of$273,000.00 for another ninety days. Additionally, the CRA Board had asked Broward
County for a better pay-back mechanism which they have now agreed to consider.
William Salim, CRA Special Counsel, explained that the Fifth Amendment provides for partial
conversion of the loan to grant based on the revenue obtained or estimated to be received. He
advised that the document also includes six replacement loan agreements and promissory notes
for the previously executed ones for Parcel 109, the Parking Garage and the Security System.
Board Member Grace clarified with Attorney Salim that the total of the loans upon receipt of the
not-to-exceed gate-arm system sum of $273,790.00 will be $5,338,899.00 out of the original
amount of$6,345,866.00 set forth in the First Amendment to the ILA.
Vice-Chairman Castro motioned to approve Resolution #2011-CRA-001; seconded by
Board Member Anton. The motion carried unanimously.
3. Adjournment
Chairman McElyea adjourned the meeting at 8:38 p.m.
ATTEST: COMMUNITY REDEVELOPMENT
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LOUISE STILSON, CMC C. K. MCELYE
CRA SECRETARY CHAIRMAN—CRA
Approved: April 6, 2011 _SL_
DANIA BEACH
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Minutes of Special Meeting 2
City of Dania Beach Community Redevelopment Agency
Tuesday,January 25,2011
(During City Commission Meeting beginning at 7:00 p.m.)