PZ 10/12/2016 Minutes - Laserfiche WebLink

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BACKGROI LNTD September 26, 2016, the Community Redevelopment Agency met to discuss the future of the CRA. Currently, the CRA sunsets on December 11, 2017. It was determined to request an eight (8) year extension from Seminole County Board of County Commissioners to continue work within the CRA. Florida Statute 163 requires an updated Community Redevelopment Plain to accompany a request for an extension to Seminole Count}'. Florida Statute 163.361 requires that the Community Redevelopment Plan be in conformance with the City's Comprehensive Plan. AA'AL) SIS The CRA Community Redevelopment Plan aligns with the City of Casselberry Comprehensive Plan in many ways: 1. Both documents identify strategies for redevelopment as fundamental to incentivizing private development in order to provide a quality living candronm ut for residents as well as a sound economic future for the City. 2. Both documents emphasize the importance of sound planting along the City's major thoroughfares of US Highway 17-92 and State Road 436. Including specific criteria related to redevelopment within the Major Thoroughfare Ari �ed Use (AMM Future rand Use Designation, which senses as the backbone of the Community Redevelopment District 3. Both documents call for a greater prix of uses in order to support shorter trip lengths and reduce the dependency on automobiles. This will be facilitated by and number anticipated projects as well as the CRA design guidelines. 4. Both documents acknowledge the need to focus on underutilized or blighted areas and properties for redevelopment 5. Similarly, both documents call for infill development as a means of reducing urban sprawl 10/13/2016 BACKGIt07 ,W) The CRA Plan update includes justification as to why an extension is necessary. Two of the CRA's largest vacant parcels are currently under construction, spurring an interest in the development potential of the CRA. • The US Highway 17-92 Flyover bas still negatively impacted the finances of the CRA The district is still recovering from loss in incremental taxable value due to the recession • The district still has 22 vacant parcels and 32 parcels that are ripe for redevelopment • New projects were identified that align with existing strategies of the CRA • Acquisition of land for the extension of Lake Concord Park • Acquisition of commercial land to participate in another Public/Private Partnership • Designing and building a parking structure to provide parking for employees of the city, residents and local businesses at lake Concord Park S7i77%RECO:] Staff requests that the Planning and Zoning Commission re—end approrzl of the City of C—lbeny's Community Redevelopment Agency's Community Redevelopment Plan. This mmendation is based on the findings of fact and conclusions of this staff report dated October 12, 2016 and the following attachments. Echibit A: CRA Community Redevelopment Plan