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<br />Community Redevelopment Agency <br />November 20, 2008 <br />Page 2 of 5 <br /> <br />Mr. Newlon said that the City refinanced the 15 acre parcel with Sun Trust for $3,028,000 with a 4.683% taxable <br /> <br />interest rate. <br /> <br />Mr. Jones arrived at the meeting at 9:11 a.m. <br /> <br />Mr. Daigle made a motion to approve the September 30, 2008 Finance Report. Ms. Campbell seconded the motion. <br /> <br />The motion passed unanimously by voice vote. A general discussion ensued regarding the CRA budget and expenditures. <br /> <br />Fourth Item of Business: CRA Review of Re-Plat of eRA owned properties on US 17-92 <br /> <br />Mr. Paradise reviewed staff's memo dated November 12,2008 (a copy is on file in the Community Development <br /> <br />Department). Copies of the executed resolution for the transfer of the warranty deed were distributed to the Community <br /> <br />Redevelopment Agency (a copy is on file in the Community Development Department). Mr. Daigle made a motion to move <br /> <br />forward and instructed City Staff to complete this transaction. Mr. Jones seconded the motion. The motion passed <br /> <br />unanimously by voice vote. <br /> <br />Fifth Item of Business: Review of Anniversary Park Plan <br /> <br />Mr. Paradise reviewed staff's memo dated November 12, 2008 (a copy is on file in the Community Development <br /> <br />Department). Dr. Kelly Brock, City Engineer, gave a PowerPoint presentation to the Board (a copy of the PowerPoint <br /> <br />presentation is attached and made a part of the minutes). Mr. Daigle made a motion to recommend the plan as presented and <br /> <br />move forward. Ms. CampBell seconded the motion. <br /> <br />motion passed unanimously by voice vote. <br /> <br />A general discussion ensued regarding the financing of the park project and educating the public regarding lake <br /> <br />issues. <br /> <br />Sixth Item of Business: eRA Budget Amendment for Annual Rollover Funds <br /> <br />Mr. Newlon reviewed staff's memo dated November 10, 2008 (a copy is on file in the Community Development <br /> <br />Department). A general discussion ensued regarding the Stephen Hooker Cemetery Renovations. Staff explained that this <br /> <br />item would be presented to the CRA before any funds were spent on this project. <br /> <br />A brief discussion ensued regarding the rollover expenses becoming a direct taxable asset and proactively assisting <br /> <br />potential businesses through the various approval processes. Mr. McGregor made a motion to approve the CRA Budget <br /> <br />Amendments for the annual rollover of funds. Mr. Etze seconded the motion. The motion passed unanimously by voice vote. <br /> <br />Mr. Matt Fortini arrived at the meeting at 10:11 a.m. <br />