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Community Redevelopment Agency <br />August 15, 2013 <br />Page 5 of 5 <br />property purchase will increase the City Hall Complex area and it will most likely be used as an art component <br />because the previous property owner was a big proponent of the arts and an artist himself. <br />Seventh Item of Business: Public Comments <br />Mr. John Casselberry, 700 South Lost Lake Lane, Casselberry, Florida came forward. Mr. Casselberry said <br />based on the contract, it appears that the City is giving away the land to the developers. He said the developers <br />would pay money to the City and in turn the City would pay the money back to the developers to develop the land. <br />He said it is $6 to $9 million worth of public investment being given away and he felt it was insane. Mr. Casselberry <br />suggested that the CRA should only purchase land if they plan to hold the land for a period of time. He felt that if the <br />CRA deeds the land over to the City, the City will give the land away to developers. <br />He felt that the value of the properties located in the CRD could be improved without the Board purchasing <br />land. He suggested discussing cross access with the property owners. Mr. Casselberry questioned why the CRA <br />would purchase land and then let the City give it away. <br />Eighth Item of Business: Adjournment <br />There being no further business to come before the Board, Mr. McGregor adjourned the meeting at 10:02 <br />a.m. <br />DATE MINUTES APPROVED BY COMMUNITY REDEVELOPMENT AGENCY: ° `t <br />Joni Vi6n, Secretary <br />