CRA Minutes 07/07/2006 - Laserfiche WebLink

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Community Redevelopment Agency July 7, 2006 Page 2 of 7 Fourth Item of Business: Approval of CRA Minutes of June 9, 2006. Mr. Daigle asked for a motion on the approval of the minutes for the public meeting held on June 9, 2006. Ms. Rodriguez made a motion to approve the June 9, 2006 minutes. Mr. Fall seconded the motion. The motion passed unanimously by voice vote. Fifth Item of Business: Presentation: Tom Kohler, Real Estate Research Consultant: CRA Financing. Mr. Daigle introduced Mr. Tom Kohler from Real Estate Research Consultant to the Community Redevelopment Agency. Mr. Kohler distributed and reviewed his memo to Mr. John Pavlis dated June 23, 2006 regarding the preliminary findings of the CRA Trust Fund to the Community Redevelopment Agency (a copy is attached and made a part of these minutes). Mr. Kohler said he was originally given a figure of $81 million for the tax base and was later told by the City that the correct tax base was $91 million. In response to Mr. Fall's question, Mr. Kohler stated he has not spoken with the County regarding this matter. Mr. Kohler said he was told the change in the tax base was made by the tax assessor and then later he was told it may have been due to annexation of property into the Community Redevelopment District. A lengthy discussion ensued regarding the procedures for annexation of properties located in unincorporated Seminole County into the City that are located within the Community Redevelopment District. Mr. Fall explained that the City's CRA was set up using a boundary around the entire study area. He said the delegating resolution relative to the County funding was that it would be a city only CRA. He said the County would contribute the County wide millage increment to the City when those properties in the unincorporated area annexed into the City. He said the properties located in unincorporated Seminole County were included in the study for blight for the City's CRA; however, the properties were not included in the TIF strategy. Mr. Fall stated that the property appraiser is researching the increase in the tax increment base. Mr. Fall explained that approximately 22 properties that were included in the blight study were identified in 2001 with an incorrect tax district and that is the adjustment to the tax base.