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<br />Community Redevelopment Agency <br />June 9, 2006 <br />Page 2 of 7 <br /> <br />and County were paying into the Trust Fund Account. Ms. Smith said based on that information the City <br /> <br />conducted an investigation of the entire history of the CRA financial records and found there was a <br /> <br />discrepancy in the amount the City paid into the TIF. <br /> <br />Ms. Smith reviewed a memo dated June 6, 2006 from Mr. John Pavlis, Interim City Manager, to the <br /> <br />Mayor and City Commission regarding the steps taken in the review process (a copy is on file in the <br /> <br />Community Development Department). Ms. Smith stated based on that review process it was determined <br /> <br />that the City owes $75,738 which includes penalties and interest. <br /> <br />Ms. Smith stated that Mr. Jeffrey Dreier, Finance Director, Mr. Steve Bays, Senior Accountant, Mr. <br /> <br />John Pavlis, Interim City Manager, and Ms. Katie Reischmann, City Attorney, are available to answer any <br /> <br />questions. Ms. Smith requested the CRA adopt the Interlocal Agreement which states that the Board <br /> <br />agrees with the audit and the amount of money that needs to be paid into the trust fund. She said it also <br /> <br />states that the City agrees to pay the funds into the Trust Fund each year by January 1, it will provide an <br />audit for that specific account and the Interlocal would be sent to the Seminole County Board of County <br /> <br />Commissioners. <br /> <br />Mr. Daigle questioned how the discrepancy went undetected. Mr. Fall made a motion to continue <br /> <br />this item to the next meeting given the fact that the information was provided only 3 days prior to the <br /> <br />meeting and due to the financial significance of the amount. Mr. Hoffmann seconded the motion. <br /> <br />Mr. Fall stated that the County has not received the requested financial information regarding the <br /> <br />TIF shortfall and an evaluation needs to be done. Mr. Fall said this has been a problem since the inception <br /> <br />of the CRA. Mr. Fall felt that the CRA was being cheated out of funds. <br /> <br />Mr. Jones felt that it was important to have a good relationship between the entire CRA relative to <br /> <br />Highway 17/92 and that it is important relative to the credibility and future funding. Mr. Jones stated this <br /> <br />needs to be on the right foundation. <br />Mr. Fall said the County would not consider an extension to the CRA term until this issue has been <br /> <br />resolved to the County Commission's satisfaction. Mr. Fall felt that it was premature for the Casselberry <br /> <br />CRA Board to make a decision at this time. <br />