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community Redevelopment Agency <br />June 21, 2012 <br />Page 4 of 6 <br />Mr. Mark Gisclar, Public Works Director, stated that the Public Works Department has $70,000 allocated in <br />the stormwater fund toward the cost of the fountain. Mr, Gisclar stated that the fountain would be similar to the <br />fountain in Lake Concord. He estimated the cost of the fountain at $80,000 - $100,000. He said he estimated the <br />cost high to ensure there was sufficient funding for the project. Mr, Gisclar said that the exact cost of the fountain <br />would be shared equally by the CRA and the Public Works Department. He said they would like to have the fountain <br />installed before Christmas. Mr. Gisclar said the fountain would be an entry feature to the City and it would be <br />illuminated. <br />Mr. Jones expressed a concern with the proposed redevelopment of Mr. Judge's property at Grassy Lake. <br />He said the CRA made a $30,000 grant commitment for the redevelopment of that parcel which was to include a <br />restaurant. Mr. Jones said the plans looked good; however, upon further research he said he was very disappointed <br />with what is currently being proposed to redevelop the site. Mr. Jones said he would like to see a time frame for <br />redevelopment of that parcel and some commitment from Mr. Judge or he would like to see the grant money <br />withdrawn. <br />Mr. Martin stated that Mr. Judge does not have sufficient land to expand the footprint of his buildings. He <br />said Mr. Judge plans to put a new fagade on the existing buildings on the site. The Board expressed a concern with <br />fulfilling the CRA grant based on Mr. Judge's new redevelopment plan. A lengthy discussion ensued regarding the <br />redevelopment of Mr. Judge's property and the adjacent properties. Mr. McGregor requested that Staff provide a <br />sketch of the parcels in the area including McDonalds, the lake and Mr. Judge's property. Mr. Daigle requested that <br />staff convey the CRA Board's thoughts to Mr. Judge regarding the redevelopment of his parcel and also requested <br />staff to provide an update to the Board at the next meeting. <br />Mr. Jones made a motion to amend the capital investment for the fountain to $50,000 rather than the <br />$70,000 presented. Mr. McGregor seconded the motion. The motion passed unanimously by voice vote. <br />Mr. Daigle made a motion to approve the proposed 2012/2013 CRA budget as amended. Mr. McGregor <br />seconded the motion. The motion passed unanimously by voice vote. <br />Sixth Item of Business: Director's Report <br />