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CASSELBERRY CITY COMMISSION Minutes of April 13, 2012 — Retreat/Worlcshop Page 4 of 8 -Establish an Economic Development Fund -Conclusions -Big Ideas •Identifiable Goals Flexibility to Change as the Market Does -Proactive Efforts to Cultivate Opportunity A copy of the PowerPoint presentation is attached to and made a part of these minutes. Discussion: A lengthy discussion ensued regarding the various economic development strategies brought forth in Mr. Martin's presentation, including possible annexation of the Jai Alai property, partnering with Seminole County for development opportunities, funding opportunities, and possible economic impact of an amateur sports facility. Some concerns were expressed about the possibility of businesses closing due to inaccessibility caused by construction of the flyover. Various ideas were discussed about the need to provide entrances to those businesses that will be affected by the flyover. Additional discussion ensued regarding the establishment of incentives for businesses to locate in the City of Casselberry, including a property tax relief program which is now allowed by the Legislature and could grant a 10 -year tax break to businesses that meet certain criteria, and the establishment of an economic development fiend. Mr. Martin advised that the tax relief program has to go to the citizens for a vote, and if the Commission wished to go this direction, the item could be placed on the November ballot. He also explained that the economic development fund would be used to entice businesses by assisting with payment of impact fees and similar items. He added that the City of Oviedo had established an economic development fund, seeded with money from their general find. Mr. Martin concluded by recommending an Economic Development Advisory Board be established which would be comprised of corporate citizens of Casselberry and would meet quarterly to hear a report from staff on development that is occurring, and to discuss ideas and suggestions for other development. He stated that a list of possible appointees to this Board was provided in the meeting packets. Discussion ensued regarding the tax break incentive program, possible appointees to the Economic Development Advisory Board, ways to improve the City's image using various media, and other ideas for presenting the City as a business - friendly community. In response to an inquiry from Mr. Newlon, the Commission agreed by consensus that they would like to see a presentation on the tax relief idea at a future meeting. The Commission meeting recessed at 11:30 a.m. The Commission meeting reconvened at 11:34 a.m. Mr. Newlon introduced Mr. Richard Birdoff, principal of RD Management Company, who addressed the Commission regarding his concerns about the impact the flyover will have on development in the area. Mr. Birdoff utilized visual aids to share with the Commission information about his property holdings in the Casselberry area, and some ideas he has for development of the properties. He expressed his feeling that there are better alternatives for the development of the U.S. 17- 92 /S.R. 436 intersection and surrounding areas than