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Community Redevelopment Agency March 11, 2011 Page 3 is to help the City redevelop the Community Redevelopment District. She said as a citizen of Casselberry and as a Commissioner she is very appreciative of the members on the Board and personally thanked them for their work. Ms. Lipscomb said that individuals have the right in any format to make any statements that they feel they need to make. Ms. Lipscomb requested the Board look holistically and reflectively at the activities that have been done as part of the partnership with the City. A general discussion ensued regarding the comments made at the City Commission meeting regarding the CRA. Mr. Jones stated that the CRA Board felt that everything was working well together with the City on a frugal economic basis and CRA funds were used to help the City eliminate blight, acquire the Concord Center property and the City Center property. He said the CRA acted in the best interest of the City and the citizens of Casselberry. Mr. Jones stated that the CRA Members serve for the citizens of Casselberry, the City and staff to improve the economic development of the Community Redevelopment District (CRD). Mr. Trueba stated that many of the decisions that the CRA Board made were based on advice and guidance from the City. Mr. Ritchie said the purpose of reviewing the budget today was to illustrate that the CRA has made prudent decisions with the expenditures of CRA funds and the Board is acting efficiently to assist the City in redeveloping the district. Mr. Ritchie said the negative comments about the CRA were made at a public meeting by an elected City Commissioner and that was the reason the comments were being discussed at today's public meeting. Mr. McGregor made a motion to approve the Finance Report. Mr. Jones seconded the motion. The motion passed unanimously by voice vote. Fifth Item of Business: ®xford Square, Ltd. ®Request for Release of Grant Funds Ms. Pamela Lynch, Economic Development Coordinator, reviewed staffs memo dated February 11, 2011 (a copy is on file in the Community Development Department). Ms. Lynch stated the owner has satisfied all the requirements necessary to receive the previously approved grant funds and requested the Board to approve the reimbursement of $30,000. After a brief discussion, Mr, Daigle made a motion to approve payment of the grant funds, Mr. Ritchie seconded the motion. The motion passed unanimously by voice vote.