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Community Redevelopment Agency December 10, 2010 Page 3 relative to the US Highway 17/92 corridor from Sanford to the Orange County line. He said the City is a vital link to the 17-92 corridor. Mr. Daigle seconded the motion. A general discussion ensued regarding extending the CRA term and the County's participation in the Oviedo CRA. A brief discussion ensued regarding who should receive the letter from the City and the CRA Board suggested that staff follow the customary protocol. Commissioner Solomon urged the CRA Board to discuss the CRA extension with the County Commissioners. The motion passed unanimously by voice vote. Mr. Trueba requested staff provide details on the City's negotiations with Seminole County as to how the funding arrived at 100%. A general discussion ensued regarding development on the Concord Center property. Mr. Ritchie felt that site preparation should go along with a project and not something that would enhance the project, He didn't feel there was an advantage to doing the site preparation work in advance of having a project for the site. Mr. Ritchie said the CRA is not closing the door on the project. He said the City Commission said they did not want to invest funds in preparing the site. Mr. Ritchie stated that he was not in favor of spending money on the site for any kind of pad development until there is a project for the site. Mr. Jones suggested that staff pursue Darden Industries to determine if they are interested in developing a restaurant on the City's property. He said we need to look at commercial viability but it also needs to be financially successful. A general discussion ensued regarding development of the City Center and Concord Center sites, increasing the city's tax base with improvements to other properties within the Community Redevelopment District, hiring a consultant to determine a "highest and best use" for the property and retaining a large nationwide real estate firm to determine what should be put on the site. Mr. McGregor suggested the City look for areas that could be used to negotiate with Chef Keogh to reduce costs on the site such as waiving impact fees and reducing the landscaping requirements for the site. Mr. Trueba excused himself from the meeting at 10:00 a.m. Mr. Martin stated that there is a meeting scheduled for Friday, December 17, 2010 with Robbins Development Partners and he would provide an update to the Board at the next meeting. A general discussion ensued regarding the development of the City Center site.