CRA 04/17/2014 Minutes - Laserfiche WebLink

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Community Redevelopment Agency April 17, 2014 Page 4 of 9 Mr. Newlon said there are representatives from ACi, AVCON and Land Tech Landscape Architects at today's meeting. Mr. Newlon introduced Mr. Scott Weber, ACi Architect, to the CRA Board. Mr. Weber made a PowerPoint Presentation to the Board on the proposed design of Concord Village (a copy is attached and made a part of the minutes). Mr. Clint Pletzer, AVCON, reviewed the proposed road alignment and estimated costs that were included in the PowerPoint Presentation. He explained that the plans are at 30% completion and there could be some small changes but feels confident in the cost estimate. Mr. Pletzer said there are some opportunities to reduce the cost of the project such as using smaller plantings. A brief discussion ensued regarding other cost saving opportunities such as reducing the brick threshold and to increase the spacing of the lights. Mr. Newlon said that the plans are at 30% completion and if additional costs are added with the completion of the plans the City would be in a position to absorb those costs. Mr. Newlon said that it is not included in the plans but the City is in favor of paying Duke Energy to put the power lines underground along Triplet Lake Drive which would add to the cost of the project. Mr. Newlon explained that moving this project forward hinges on the realignment of Triplet Lake Drive. He said if Triplet Lake Drive is realigned, it will put the City in a position to close negotiations with the developers to get the adjacent property developed. Mr. Newlon said that it will be a $30 - $40 million addition to the City's tax base and a big stimulus to the corridor to attract attention to Casselberry and hopefully lead to more development. Mr. Newlon explained that the realignment is not something the developers asked for and it was not built into their business plan. He said the realignment is needed to advance the project and hold the support of the Commissioners. Mr. Newlon said the realignment will cost $1.4 million and he is requesting the CRA pay $1 million towards the project. He said that no money would be taken from the CRA's budget until all the developer negotiations are concluded and all their entitlements have been given so they are in a position to buy land and develop the project. He said any costs for planning will be paid by the City. Mr. Newlon said that the City Commission held a workshop in April to review the plans and the City Commissioners restated that this is the course they want to follow. He said that it was understood from the beginning that if the City was to accomplish this project, it would need serious commitment from the CRA to help fund it.