CRA 10/08/2010 Minutes - Laserfiche WebLink

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Community Redevelopment Agency October 8, 2010 Page 2 Fourth Item of Business: Finance Report Ms. Rebecca Bowman, Accounting Manager, reviewed the Finance Report for month ending August 31, 2010 (a copy is on file in the Community Development Department). Fifth Item of Business: Strategy for ®evelopment of Target ®utparcels Mr. Martin, Community Development Director, reviewed staffs memo dated October 8, 2010 including Attachments A & B .(copies are on file in the Community Development Department). Mr. Martin explained that St. John's River Water Management District is currently rewriting the statewide stormwater treatment rules and are scheduled to be effective July 1, 2011. He said that staff had a preliminary review of the rules and the changes would result in higher development cost and would require more land to add additional ponds to treat the stormwater. Mr. Martin said there are major challenges in developing the Target Outparcels. Mr. Martin stated he had a phone conversation with Mr. Rubin (property owner for the middle parcel) regarding this agenda item. He said that Mr. Rubin stated that he paid too much for the property and is working on many other projects that he didn't know if he wanted to spend the time negotiating with the City for the joint use of the property. He said the City could buy his property for $375,000. Mr. Martin distributed and reviewed an analysis of the Target outparcel (a copy is attached and made a part of the minutes). A general discussion ensued regarding the development of the three parcels, the proposed restaurant for the Lake Concord parcel, the proposed changes to stormwater requirements, stormwater permitting and selling the City's parcels to Mr. Rubin. The Board said the direction of the CRA is to look for redevelopment; however, they expressed a concern that their resources would be needed for the development of the La{<e Concord and City Center parcels. Mr. Martin stated that he would meet with Mr. Gisclar to discuss the stormwater requirements for the Target outparcels and that information would provide to the Board at the next meeting. In response to the Board's question, Mr. Martin stated that Mr. Newlon would provide the financial information for the City/CRA owned parcels at the next meeting. Ms. Lillian Selph felt that the City needed to get the vision for the property to the brokers and the property owner to the north of the parcels.