CRA 07/09/2010 Minutes - Laserfiche WebLink

Home Browse Search

Community Redevelopment Agency July 9, 2010 Page 2 budget and to date that money has not been spent. A general discussion ensued regarding the projected Tax Increment Funding (TIF) for the next fiscal year. Fourth Item of Business: Continued ®iscussion on 2010/2011 Proposed CRA Budget Mr. Martin stated that the Board approved the 2010/2011 Proposed Budget at the last meeting but requested further discussion at the next meeting. Mr. Martin reviewed the 2010/2011 Proposed CRA Budget (a copy is on file in the Community Development Department). Mr. Martin said he would like to team up with Seminole County for the redevelopment along State Road 436 and US Highway 17/92. He said there are a lot of dynamics driving that change in that area in the next five to ten years such as Sun Rail, the location of the commuter rail station in Altamonte Springs and the proposed flyover at State Road 436/US Highway 17/92. Mr. Martin felt that the proposed flyover project is freezing the investment in that portion of the Community Redevelopment District. Mr. Martin stated that Wal-Mart has announced that construction would be delayed for another two years and they are reevaluating the project. Mr. Martin felt that they may not proceed with the construction on that site. Mr. Martin stated that the flyover will impact the retail establishments in the Casselberry Exchange Shopping Center. Mr. Martin felt that a major vision and master plan is needed that addresses the future development of properties located in the City and Fern Park. He said a vision can drive the redevelopment. Mr. Martin said he envisions a partnership with the City and Seminole County with the City driving the retook at the area. He said that funds from the professional services line item could be used to conduct a study of the area. Mr. Martin explained that the study would be conducted in two phases. The first phase would be the initial scope for market feasibility and preliminary data collection and the second phase would be the development of alternative visions. A lengthy discussion ensued regarding the development of a sports facility in the City, the proposed State Road 436/US Highway 17/92 flyover project, redevelopment of State Road 436 and US Highway 17/92 area and the status of the Red Bug Lake Road flyover project.