CRA 07/08/2011 Minutes - Laserfiche WebLink

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Community Redevelopment Agency July 8, 2011 Page 3 staff to enter into a contract with The Triece Company to market the Target outparcels and to assist with real estate questions. Mr. Martin stated that the contract term provides a 2% commission plus $90 an hour for real estate services and a ceiling of $4,500 for hourly real estate services. A general discussion ensued regarding The Triece Company contract. Mr. McGregor made a motion to approve The Triece Company contract. Mr. Ritchie seconded the motion. Mr. John Casselberry, 700 South Lost Lake Lane, Casselberry, Florida came forward. Mr. Casselberry stated that he encountered some of Mr. Triece's work. He thought that Mr. Triece may have provided a low value for the east side property that the City purchased from his family. Mr. Casselberry questioned if Mr. Triece had previously conducted appraisal services for the City. Staff stated that Mr. Triece is a licensed real estate broker. Mr. Casselberry questioned the appraised value with the added City parcel. Mr. Casselberry suggested that an appraisal should be done on the property before marketing the property. He was concerned that the property was being marketed before determining a value of the property. He suggested that the property should be appraised with and without the Community Redevelopment District (CRD) restrictions for development. He felt that the CRD restrictions may reduce the property values. The motion passed unanimously by voice vote. Sixth Business: Breakfast Club of Casselberry -Request for Subsidy Ms. Pamela Lynch, Economic Development Coordinator, reviewed staffs memo dated July 8, 2011 to the Community Redevelopment Board Members (a copy is on file in the Community Development Department), Ms. Lynch explained that Mr. Raj Dua is opening a new restaurant at 3385 South US Highway 17-92, Casselberry, Florida. She said that Mr. Dua is requesting assistance from the Community Redevelopment Board to subsidize impact fees of $3,300. Mr. Martin explained the $3,300 is for water and sewer impact fees due to the increase in the number of seats in the restaurant. He said the City cannot waive these fees.