CRA 02/12/2010 Minutes - Laserfiche WebLink

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Community Redevelopment Agency February 12, 2090 Page 3 Fifth Item of Business: TIF Projections by Finance Director Randy Newton Mr. Randy Newton, Finance Director, reviewed staff's memo dated February 12, 2010 That was included In the meeting packet {a copy is on file in the Community Development Department}. He said that that tax increment could drop in fiscal year 2011 to $689,243. Mr, Newton said that the City Commission`s annual retreat is scheduled for February 20, 2010 and there will be more discussion of financial matters for the city at large. Mr. Trueba excused himself from the meeting at 10;15 a.m. Sixth item of Business: Director's Report: Appraisal Report for Lake Concord Property Discussion of Issues Related to khe Redevelopment & Marketing of "Target" Outparcels CRA Newsletter Appraisal Report for lake Concord Property Mr. Martin reviewed khe Director's Report dated February 12, 2014 (a copy is on file in the Community Development Department), Mr. Martin stated that the Concord Center property appraised in December 2009 at X1,4 million which represents a 34.5% decrease from the October 2008 appraisal. Discussion of Essues Related to the Redevelopment & Marketing of "Target" Outparcels Ms. Pamela Lynch reviewed the "Summary of the Target Outparcels" dated Fef}ruary 12, 2010 (a copy [s attached and made a part of the minutes}. A lengthy discussion ensued regarding the redevelopment and market[ng of the "Target" Outparcels and starmwater requirements, Mr. Flank Lander, 445 Surrey Run, Cassell}erry, Florida came forward. Mr. Lander fell that the City should change the marketing of the Target outparcels. He felt that Mr. Rubin should be treated as an equal with the rest of the business owners in Casselberry. Mr. Lander stated that Mr. Rubin is not receiving notification regarding the Community Redevelopment Agency meetings. Mr, Lander stated that Mr. Rubin is willing to put a sign that shows that all three parcels are for sale. In response to Mr. Lander's concern regarding Mr. Rubin's property not being fisted on the City's website, Ms, Lynch said she spoke with Mr. Rubin on numerous occasions regarding this and Mr. Rubin said he wants to buy the City's parcels, A general discussion ensued regarding Mr. Rubin submitting another bid, notification of the CRA meetings, submittal of Mr. Rubin's original offer for the parcels and the recent interest shown [n the property.