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Community Redevelopment Agency June 25, 2014 Page 4 of 5 Mr. McGregor asked for a motion for the 2014 -2015 CRA budget. Mr. Jones made a motion to approve the proposed 2014 -2015 CRA budget as presented. Mr. Alfred seconded the motion. The motion passed unanimously by voice vote. Eighth Item of Business: Other Business Mr. Randy Newlon, City Manager, provided an update on the development around City Hall. He said that staff has met with the developers and have come up with a tentative agreement for the budget for the site development and reinvestment of the sales proceeds plus additional money that the City will be committing to this task. He said approximately $700,000 will come from the City for the purpose of building the park space in the center of the 15 acre site. He said the City will essentially be rebating much of the impact fees that the developer will be paying to the City as a matter of course for utility connections, parks, and mobility. He said that a tentative budget is scheduled out that the developers will commit to as well and the budget will be attached to a contract. He said good progress is being made on the development. He said the commercial developer is pressing for the City to give them more flexibility with regard to restaurants with drive -thru windows. He said the City Commission is not inclined to provide that flexibility. A brief discussion ensued regarding any new businesses showing an interest in developing in the City. Mr. Mark Gisclar, Public Works Director, said that Florida Department of Transportation has accelerated the State Road 436/US Highway 17/92 Flyover Project and it should be completed in October 2015. A brief discussion ensued regarding the CRA extension and the time frame the funds in the budget need to be spent. Mr. McGregor made a motion that the CRA have a plaque made for Mr. John Jones to recognize his service on the CRA Board. He said the cost of the plaque should not exceed $500. Mr. Trueba seconded the motion. The motion passed unanimously by voice vote. Mr. McGregor suggested this plaque be presented at a City Commission meeting. A brief discussion ensued regarding consolidation of the City's Fire Department with Seminole County and economic development in the City.