Laserfiche WebLink
<br />Community Redevelopment Agency <br />January 9, 2009 <br />Page2of7 <br /> <br />Fourth Item of Business: Finance Department Discussion <br /> <br />Mr. Randy Newlon, Finance Director, stated that the Community Redevelopment Agency (CRA) collected the <br /> <br />Increment Funding (TIF) from both the City of Casselberry and Seminole County for a total of approximately $1,070,000. He <br /> <br />said that auditors are in the process of finalizing the CRA audit and a report should be available shortly. <br /> <br />Mr. Newlon reviewed the Finance Report dated December 31, 2008 (a copy is on file in the Community Development <br /> <br />Department. After a brief discussion, Mr. Daigle made a motion to approve the Finance Report dated December 31, 2008. <br /> <br />Mr. McGregor seconded the motion. The motion passed unanimously by voice vote. <br /> <br />Fifth Item of Business: Feedback and Discussion of Grant Programs <br /> <br />Mr. Paradise stated at the last meeting staff distributed the information for two grant programs to the Board for their <br /> <br />review and input. He said revisions were made to the current facade grant program to make the program more viable and <br /> <br />usable to businesses in Casselberry. He explained that the Paint Up/Fix Up Program would assist in improving the value and <br /> <br />appearance of residential properties. Mr. Paradise reviewed the proposed Paint Up/Fix Up Program to the Board and <br /> <br />estimated an allocation of $25,000 for the residential program would be sufficient. He recommended that funding be restricted <br /> <br />to homesteaded properties and payment would be made for contracted work or materials and not sweat equity. <br /> <br />Mr. Paradise stated that the facade grant program brochures have been distributed to the businesses located in the <br /> <br />Community Redevelopment District (CRD); however, last year American Casualty Insurance was the only business that <br /> <br />submitted for reimbursement from the program. Mr. Paradise reviewed the CRA incentive grant information for American <br /> <br />Casualty Insurance that was distributed to the Board Members at the meeting (a copy of the information is attached and made <br /> <br />a part of the minutes). <br /> <br />Mr. Paradise suggested using the $50,000 allocated in the 2008/2009 budget for five rebuilds that would provide <br /> <br />significant changes to the appearance of the properties. He said staff feels that the intensity, volume and quality of the facade <br /> <br />changes would have been greater if the property owner had known they could receive a $10,000 reimbursement. Mr. <br /> <br />Paradise explained any facade changes would require prior approval from CRA Board before commitment and construction of <br /> <br />the work. Mr. Paradise said that the $50,000 that is currently budgeted for the facade program should be sufficient. Mr. <br /> <br />Paradise said that staff would provide the following: <br /> <br />1. Prepare a more detailed approval for the Paint Up/Fix Up Program for the Board's approval <br />2. Prepare a budget transfer for $25,000 to fund the Paint Up/Fix Up Program <br />