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<br />Community Redevelopment Agency <br />May 9,2008 <br />Page 2 of6 <br /> <br />Fourth Item of Business: Cherry Bekaert & Holland Audit Review <br /> <br />Mr. James Burdick, Cherry, Bekaert and Holland, distributed and reviewed the cover letter and CRA audit <br /> <br />(copies are attached and made a part of the minutes). In response to the Board's question, Mr. Newlon said the CRA <br /> <br />agreed to pay the interest on a three year note for land the City acquired. The note is due September 30, 2008 and <br /> <br />the City is in the process of researching refinancing options for the property. <br /> <br />Mr. McGregor made a motion to correct the ownership on the Target outparcel from the City of Casselberry <br /> <br />to the Community Redevelopment Agency. There was no second on the motion; therefore the motion failed. Mr. <br /> <br />Newlon explained that a portion of the Target outparcel was required for the intersection improvements; therefore, a <br /> <br />new legal description is required before the deed can be corrected. He said a new deed would be executed to reflect <br /> <br />the correct ownership. <br /> <br />Mr. Daigle made a motion to adopt the financial statements for the year ending September 30, 2007. Ms. <br /> <br />Campbell seconded the motion. The motion passed unanimously by voice vote. <br /> <br />Ms. Lipscomb asked what governing boards were required to get a copy of the CRA Audit. The Board <br /> <br />recommended sending a copy of the CRA Audit to the City Commission and Seminole County. <br /> <br />Fifth Item of Business: CRA Plan Update <br /> <br />Ms. Smith explained that a draft copy of the Community Redevelopment Plan Update provided by Mr. <br /> <br />Kohler from RERC was included in the meeting packet. Ms. Smith requested the Board review the information and <br /> <br />provide any comments to staff. Ms. Smith said the Community Redevelopment Plan Update would be reviewed at <br /> <br />the next few CRA meetings. Ms. Smith said a copy of Mr. Kohler's PowerPoint presentation was also included in the <br /> <br />meeting packet. <br /> <br />Sixth Item of Business: Approval of Invoices for Payments <br /> <br />Ms. Phyllis Wallace, Special Projects Coordinator, gave a status update on the US Highway 17-92 <br /> <br />Streetscape project. She said the consultant has transmitted the estimated value of the improvements to Florida <br /> <br />Department of Transportation (FDOT) in order to secure financing for the upcoming fiscal year. She said that the <br /> <br />City has requested Concepts in Greenery to include the landscaping design from Piney Ridge to State Road 436 due <br /> <br />to the uncertainty of the US Highway 17-92/State Road 436 flyover project. She said this would provide a cohesive <br />