CRA 03/14/2013 Minutes - Laserfiche WebLink

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Community Redevelopment Agency March 14, 2013 Page 2 of 6 Mr. Randy Newlon, City Manager, stated that today's meeting deals with the extension of the CRA term. He said that the CRA sunsets in 2015 and the City Commission is interested in extending the CRA's term but needs a partner. He said the City needs to persuade Seminole County to partner with the City for an extension. Mr. Newlon said that Mr. Kyle Dudgeon will be providing a PowerPoint presentation to the CRA that was given at a recent CALNO meeting. He said CALNO is a consulting organization that consists of elected members from each of the cities in Seminole County and a board member from Seminole County. Mr. Kyle Dudgeon, Economic Development Planner, presented a PowerPoint presentation (a copy is attached and made a part of the minutes). A general discussion ensued regarding the establishment of the City's CRA in 1995 and the City CRA's partnership with Seminole County in 1997. Mr. Newlon said currently Seminole County is equally funding the City's CRA, He said the City has the power to extend the CRA past its sunset without partnering with Seminole County. Mr. Newlon thought that it was unlikely that the City Commission would want to solely fund the CRA. Mr. Newlon said that he and Ms. Sandra Smith have a meeting scheduled with Ms. Nicole Guillet, Seminole County's Community Development Director to discuss the County's position regarding an extension to the CRA term. Mr. Newlon explained that Seminole County's CRA will sunset in 2017. Mr. Newlon stated that Mr. Dudgeon has prepared a presentation to discuss the reasons for extending the CRA term. He said staff is seeking input from the CRA Board to take back to the City Commission for guidance as to how to proceed with the CRA. Mr. Newlon explained the following possible options: 1. Extend the City's CRA to coincide with the sunset of Seminole County's CRA and realign with them once they are ready to make a better strategic decision. 2. The CRA term can be extended with Seminole County's cooperation up to and only ten years with the current boundaries. 3. Possible expansion of the CRA's current boundaries for ten years. 4. Seminole County may want the City to create a new CRA with up to a 40 year life. A brief discussion ensued regarding the current Community Redevelopment District boundaries. Sixth Item of Business: Presentation — CRA Strategies Moving Forward Mr. Kyle Dudgeon, Economic Development Planner, presented a PowerPoint presentation (a copy is attached and made a part of the minutes). Mr. Dudgeon reviewed the following possible options for the CRA: 1 , Expiration of CRA term