CRA 02/26/2018 Minutes - Laserfiche WebLink

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Community Redevelopment Agency February 26, 2018 Minutes Page 2 of 5 Ms. Bowman reviewed the January 31, 2018 Finance Report. She said the CRA had an adopted budget of $507,230. She said as of the end of January all the Tax Increment Funding (TIF) revenue has been collected and recorded from the City of Casselberry and Seminole County. Ms. Bowman said the total amount collected was $471,278. She said the CRA approved the construction of Talisman/Bainbridge Trail and the accounting of that money is reflected in the Economic Incentives figures. She said the unaudited beginning fund balance is $518,000 and the projected fund balance is $492,405. Ms. Glancy asked for a motion for the approval of the ratification of invoices and the Finance Reports. Mr. Aramendia made a motion to approve the ratification of invoices and the Finance Reports as presented. Ms. Solomon seconded the motion. The motion passed unanimously by voice vote. Fifth Item of Business: ACi Architects - Presentation. Mr. Randy Newlon, City Manager, said almost 20 years ago the City constructed a new police station on Lake Concord. He said not too long after that, there was some second-guessing if that was the best use for that site. Mr. Newlon said that the City began assembling land on Wilshire Boulevard to relocate a Fire Station. He said that is still a possibility even though the Fire Department has consolidated with Seminole County. He said that in 2014 the City completed an assembly of 5 acres of land with the intent of possibly constructing a Police Station on that site. Mr. Newlon said that the City Commission asked what options would be available if the Police Station were relocated. He said the question was referred to the CRA Board who then hired ACi Architects to conduct some studies as to possible alternative uses for the land. He said as early as 2007, the City hired a consultant to consider the site as an event center. Mr. Newlon said that ACi was hired to determine if it was feasible to develop the site as a cultural event center or to allow a private developer to develop the site. Mr. Newlon said that today's meeting is an exercise to consider a concept for a cultural event site. Mr. Newlon introduced Mr. Larry Adams, Ms. Julie VonWeller and Ms. Caroline Arragoni from ACi, 955 North Pennsylvania Avenue, Winter Park, Florida to the Board. Representatives from ACi presented a PowerPoint presentation for the feasibility of developing a cultural arts center on the Police Station property (a copy is attached and made a part of the minutes). Mr. Adams said the predictability and the value you receive are important to