CRA 07/09/2010 Minutes - Laserfiche WebLink

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Community Redevelopment Agency July 9, 2010 Page 3 A copy of the Proposed Division Expenditures Detail which showed the actual figures for 2007/2008 and 200812009 budget years was distributed to the Board to assist with the review of the proposed budget (a copy is attached and made a part of the minutes). Mr. Martin continued to review the 2010/2011 proposed CRA Budget. Mr. Martin stated that he did not allocate funds for capital expenditures in this year's budget; however, he anticipated a need in the future to allocate funds for redevelopment of the Lake Concord property. He suggested putting all the capital in reserve until more information is known and then make the allocation at that time. A discussion ensued regarding the process to reallocate funds for a capital expenditure. Fifth Item of Business: Facade Improvement Financial Incentive Policy Review Ms. Pamela Lynch, Economic Development Coordinator, reviewed a PowerPoint presentation (a copy is attached and made a part of the minutes). A discussion ensued regarding the options available for the incentive program that were included in the presentation. Mr. Ritchie made a motion to suspend the Incentive Grant Funding Program indefinitely effective after close of today's meeting. Mr. Jones seconded the motion. The motion passed unanimously by voice vote. Sixth Item of Business: Request by Shoot Straight for $30,000 Facade Grant -Revised Mr. Pamela Lynch, Economic Development Director reviewed the incentive grant application for Shoot Straight Gun Range (a copy is on file in the Community Development Department). Mr. Ronnie Stalker, Birchmier Construction, came forward. A general discussion ensued regarding the redevelopment of the site. In response to the Board's question, Mr. Stalker stated that construction should start in August 2010. Mr. Ritchie made a motion to approve the incentive grant request for Shoot Straight for $30,000. Mr. Jones seconded the motion. The motion passed unanimously by voice vote. Seventh Item of Business: Other Business Ms. Pamela Lynch, Economic Development Coordinator, reviewed the incentive grant application for Casselberry Patio Bar (a copy is on file in the Community Development Department). Ms. Sandy Strange, owner, came forward. Ms. Strange stated there are several vacant properties adjacent to her business and she would like to upgrade her property. A general discussion ensued regarding the proposed