CRA 04/11/2013 Minutes - Laserfiche WebLink

Home Browse Search

Community Redevelopment Agency April 11, 2013 Page 4 of 6 update the CRA Plan if an extension is requested. In response to the question from the Board, Ms. Smith said based on the feedback staff has received it seems that the CRA extension would be denied. A general discussion ensued regarding the CRA seeing a project through fruition and strategic acquisition of properties being a catalyst for redevelopment. Mr. Newlon stated that Casto has expressed an interest in developing along the US Highway 17 -92 corridor. A general discussion ensued regarding the CRA hiring Mr. Steve Triece to research the possibility of buying property in the Community Redevelopment District. In response to the Board's question regarding the City sending a letter to Seminole County regarding an extension to the CRA before the CRA hires a consultant to prepare the ten year plan, Mr. Newlon said that a public request would need to be made to request the extension. Mr. Newlon said the likelihood of Seminole County approving a ten year extension will be difficult. He said if the CRA provides a good plan including items for the Sun Rail project, Seminole County may be more likely to approve an extension for the CRA. Mr. Newlon thought that Seminole County was looking to create a new CRA around each of the Sun Rail stations to support operations and to facilitate the development around the stations. A general discussion ensued regarding the CRA requesting both a two year extension and a ten year extension. The Board felt a two year extension could be requested and that would allow time to build up to a ten year plan. Mr. Newlon said the CRA Board can show they have money to spend on something constructive. He said we can show the blighted properties don't contribute much to the tax base and by assembling properties would allow for better development, Mr. Alfred made a motion for staff to prepare an RFP to hire a consultant to go forward with a ten year plan for the CRA and at the very least a two year extension. Mr. McGregor seconded the motion. A brief discussion ensued regarding the disposition of the CRA funds and property after the expiration of the CRA term. The motion passed unanimously by voice vote. Ms. Smith said staff is hopeful that when the development of the 15 acre project begins it will initiate other redevelopment projects along the corridor.