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HomeMy WebLinkAbout256059 - MINUTES - CRA MINUTES OF SPECIAL MEETING CITY OF DANIA BEACH COMMUNITY REDEVELOPMENT AGENCY TUESDAY, MAY 24, 2011 — 6:30 P.M. 1. Call to Order/Roll Call Chairman Flury called the meeting to order at 6:30 p.m. Present: Chairman: Patricia A. Flury Board Members: Anne Castro Walter Duke C. K. "Mac"McElyea City Attorney: Thomas Ansbro CRA Secretary: Louise Stilson CRA Executive Director: Jeremy Earle Absent: Vice-Chairman: Bobbie H. Grace Jeremy Earle, CRA Executive Director, explained tonight's Special Meeting is for the Cul de Sac Project. He noted that Hank Thomas is negotiating with 2 investment bankers to finance the hotel project, as well as the entire City Center project. Director Earle advised that he asked Mr. Thomas to pay for the entire project up front, and that we would reimburse him at the very end; this insures that the project will be completed. 2. Resolution#2011-CRA-005 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CITY OF DANIA BEACH COMMUNITY REDEVELOPMENT AGENCY, AUTHORIZING THE CRA EXECUTIVE DIRECTOR TO EXECUTE A CHANGE ORDER TO THE DEVELOPMENT AGREEMENT WITH DOWNTOWN DANIA BEACH DEVELOPMENT, LLC; PROVIDING FOR FUNDING; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE. City Attorney Ansbro read the title of Resolution#2011-CRA-005. Board Member Castro confirmed the process for reimbursing Mr. Thomas for the construction of the street. She questioned if the hotel was enough to relieve us of the $6.3M, or if we would need the end cap as well. Director Earle responded we would need the end cap as well. He confirmed that the County has stated that they have zero dollars left in their redevelopment fund. Board Member Castro commended everyone involved in this project. Board Member Castro motioned to approve Resolution #2011-CRA-005; seconded by Board Member Duke. The motion carried on the following 4-0 Roll Call vote: Board Member Castro Yes Vice-Chairman Grace Absent Board Member Duke Yes Chairman Flury Yes Board Member McElyea Yes 3. Adjournment Chairman Flury adjourned the meeting at 6:36 p.m. ATTEST: COMMUNITY REDEVELOPMENT AGENCY LOUISE STILSON, CMC PATRICIA A. FLURY CRA SECRETARY CHAIRMAN—CRA Approved: June 1, 2011 B� DANIA BEACH COMMUNITY REDEVELOPMENT AOENCr Minutes of Special Meeting 2 City of Dania Beach Community Redevelopment Agency Tuesday,May 24,2011 —6:30 p.m.