CRA 11/14/2013 Minutes - Laserfiche WebLink

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Community Redevelopment Agency November 14, 2013 Page 3 of 5 Mr. Gonot suggested moving forward with the Redevelopment Plan approval process which includes review by the Planning and Zoning Commission and the City Commission. He suggested making the Redevelopment Plan approval contingent on the extension of the CRA term. He said there is no reason to approve a new Redevelopment Plan if a ten year extension is not granted. He said if a seven year extension was granted, adjustments would need to be made to the proposed Redevelopment Plan. Mr. Gonot said that Seminole County staff seems receptive to the extension to the City's CRA term. Ms. Smith stated that the CRA motion would be to approve the documents, to move forward with the timeline and base the approval of the Redevelopment Plan contingent on Seminole County granting an extension to the CRA term. Mr. Gonot explained that he provided the justification for the request for an extension to the CRA term. He said that he will continue to work with staff to finalize the Redevelopment Plan and it will be provided at the next CRA meeting for the Board's review. A brief discussion ensued regarding Tax Increment Funding (TIF) projections and that basic capital improvement projects must be included in the Redevelopment Plan in order for the CRA to act on those projects. Mr. McGregor opened the meeting for public comments. Mr. John Casselberry, 700 South Lost Lake Lane, Casselberry, Florida came forward. In response to Mr. Casselberry's question, Mr. Dudgeon explained that the CRA agenda packet is available on the City's website; however, the Redevelopment Plan is still in draft form and is not available at this time on the website. Mr. Casselberry questioned the time frame for the discussions for the flyover study. He said the real estate marketing impact of the flyover started when serious discussions began for the flyover and it continues through completion of the flyover. He said that is the length of the marketing delay and it could last over ten years. He suggested that the extension request should be beyond the completion of the project and in to the marketing and to factor additional years for that much vacant land. Mr. Gonot said that Florida Department of Transportation (FDOT) has been planning this project for a long time. He said it took time to obtain the funding. He said that FDOT started acquiring the properties in 2005 and 2006 and estimated completion of the project is 2017 -2018. He said our request wanted to look at a stabilization period after the completion of the work.