CRA 11/15/2012 Minutes - Laserfiche WebLink

Home Browse Search

community Redevelopment Agency November 15, 2012 Page 4 of 4 Mr. Jones said if the CRA had not been active in the design of the intersection improvements the City would not be in a position to negotiate with FDOT, 4200 Investments LLC incentive update Mr. Dudgeon said that all the documentation has been executed for the loan for 4200 Investments LLC. He said the property owner has not obtained building permits but staff expected that process to begin shortly. Mr. Dudgeon said that staff has received a request to reiterate some economic impact values for Multi- Cultural Media Solutions. He said when at full capacity the economic impact from job creation alone is expected to be approximately $1 million. He noted that this does not include spending from the firm but income from jobs. He said that this was done through input/output models and the use of economic multipliers. He said that staff wants to be accurate in reporting this number so they are still engaged in the research regarding the spending of the firm to determine the full economic impact, Mr. Daigle notified the Board that he would not be available to serve on the CRA Board for approximately 6- 8 weeks beginning in January or February. In response to the Board's question regarding the Chairman sending a letter to Mr. Martin for his service, Mr. Daigle said he didn't feel that would be appropriate. In response to the Board's question regarding any ongoing CRA contracts, Ms. Smith stated the only ongoing item would be the audit of the CRA. A general discussion ensued regarding the documentation of CRA projects and the extension to the CRA term. Sixth Item of Business: Public Comments There were no public comments. Seventh Item of Business: Adjournment There being no further business to come before the Board, Mr, Daigle adjourned the meeting at 10:37 a.m. DATE MINUTES APPROVED BY COMMUNITY REDEVELOPMENT AGENCY:% Joni'Dixon, Secretary