CC Minutes 01/12/2012 Joint Meeting with CRA

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CASSELBERRY CITY COMMISSION Minutes of January 12, 2012 — Joint Meeting with Community Redevelopment Agency Page 2 of 4 City Manager Barbara Lipscomb gave a brief introduction, explaining that the CRA was on schedule to sunset in 2015, so the joint meeting was for the purpose of looking at options and thinking ahead on how the City wants to proceed. She added that much of the discussion would center on the City's 15 acres of property. Presentation: Mr. Don Martin, Community Development Director, gave a presentation regarding the Casselberty Community Redevelopment Agency. He briefly explained the history of the CRA, and that it is scheduled to sunset in 2015 unless an extension is granted by Seminole County. He added that communications thus far appear to show reluctance on the part of Seminole County Commissioners to grant the extension. Mr. Martin presented an overview of two possible strategies, either a 10 -year extension taking the CRA to the maximum 20 year lifespan, or a 2 -year extension to 2017, which would coincide with sunset of the County CRA. Mr. Martin reported the following figures for potential available capital resources for funding of projects: Unencumbered as of January 1, 2012: $1,486.944 Potential Target Outparcels, Land Sale: 786,702 Projected Future Increment (2013 -2015) 600,000 Less projected operating expenses: TOTAL POTENTIAL AVAILABLE: $2,873,646 He added that the focus for consideration would be on the City's 15 -acre property and provided information on market considerations and demographics. Where we go from here Ms. Lipscomb explained that at the direction of the Commission to present strategies for development of the 15 acres into a unique City Center, she had engaged Associated Consulting International, Inc. (ACi) to prepare a design and development strategy for the Commission's consideration. She then introduced Mr. Larry Adams of ACi, who made a presentation entitled Economic Repositioning, Urban Design and Development Strategy, that included considerations of the economy and demographics, and showed possible ideas and strategies for creating a unique City Center which would meet the Commission's vision for this property.