CRA 02/24/2020 Minutes - Laserfiche WebLink

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Community Redevelopment Agency Minutes February 24, 202024, Page 2 of 3 Fourth Item of Business: Draft Annual Report Review Ms. Emily Hanna, Development Services Manager, stated House Bill 9 was passed during the 2019 Legislative Session, which amended the reporting criteria for the CRA Annual Report. Ms. Hanna reviewed staffs memo dated February 24, 2020 and the 2018/2019 CRA Annual Report highlighting the changes to the report criteria. Ms. Hanna explained that in the past the annual report was based on the fiscal year, October 1 — September 30; however, with the legislative changes the annual report information will now be reported on an annual basis. She said the projects listed on the annual report are shown for October 1, 2018 — December 31, 2019. Ms. Hanna explained that due to the timing of the City's audit and the filing of the CRA Annual Report, the financial information for the CRA is based on unaudited numbers at this time. Ms. Hanna stated that she would notify the CRA if the financial numbers change from the unaudited numbers. Ms. Hanna reviewed the financial data. Mr. Randy Newlon, City Manager, explained that the numbers in the annual report reflects fixed assets that were purchased through the CRA as part of the fund balance. He said the figure is not the cash balance but everything that the CRA owns. Ms. Glancy asked for a motion for the draft Annual Report. Mr. Aramendia made a motion to approve the draft Annual Report. Mr. Busch seconded the vote. The motion passed unanimously by voice vote. Fifth Item of Business: Authorization for additional funding for the acquisition of the Chan Property Ms. Emily Hanna, Development Services Manager, reviewed staffs memo dated February 24, 2020. Ms. Hanna explained that the Chan property was identified in the Lake Concord Park Parking Master Plan as being an ideal location for parking for Lake Concord Park. She stated that the CRA directed staff to acquire the Chan property and authorized $1 million to purchase the property and for any costs associated with the purchase. Ms. Hanna said the City has been in negotiations with the property owner and unfortunately, the City was not successful. She said the City pursued eminent domain. She said the negotiations led to a Stipulated Order of Taking where the property owner agreed to concede the property to the City of Casselberry without objection. Ms. Hanna said that the fair market value of the property was still in negotiations. She said in November 2019, the CRA Board authorized additional funding in the amount of $200,000 to aid in seeking settlement. She said the City Commission authorized counsel to make an Offer of Judgement and if it were accepted, the property owner would receive $1 million plus attorney fees and costs. She said the property owner did not accept the offer.