Fort Walton Beach Council agenda — 02-12-13--cra — reading text

Agenda — City of Fort Walton Beach Community Redevelopment Agency Tuesday, February 12, 2013 5: 00 PM Ins Miracle strip Partnny Fort Walton Beach, FL 32548 1. Call to Order 5: 00 PM Meeting will be called to order on February 12, 2013 at Council Chamber, 107 Miracle Strip Parkway, Fort Walton Beach, FL. I. I. Election of Chair and Vice Chair for CRA Board of Commissioners Synopsis: ( City Manager) The CRA Board of Commissioners shall elect a Chairperson and Vice Chairperson for the remainder of the calendar year. 2. Pledge of Allegiance 3. Presentations 3. 1. Status of CRA Economic Incentive Programs Synopsis: ( Engineering and Utilities Services Director) Staff will present an update on the success of the CRA Economic Incentive Programs to date. At TA(- oMEVrs: APDrovcd CRA Grams ( PDF) 4. Approval of Agenda 4. 1. Approval of Agenda Synopsis: ( Executive Assistant) 5. Approval of Minutes 1. Tuesday, September 11, 2012 5: 00 PM 6. Public Comments 7. Action -Direction- Discussion Page 1 Printed 1/ 6/ 2013 Communal Redevelnpmem Agenp• Regular Meeting Agenda February 12, 2013 7. 1. Second Amendment to Interloeal Agreement for Sound Side Development Synopsis: ( City Manager) Staff requests City Council authorization to execute a second amendment to the interlocal agreement for the Sound Side Development along with a subordination agreement and a surplus cash note for the loan amount of $700, 000. These items are based on comments from HUD. rrdC'HA4:V' rS: Snimd Side Second Amrndnum 1a In@rlo- 11 Agieemem ( DO(, S011lld Slde Snbnrdinaiiun dureanem ( DOC) Saund Side eumlus C,, h VO1e ( DO, Sonnded, Nn SiOndme. RO lnlerincnl Aere9men1 - 09- 11201? 11' Dr) Sound Side Imerlacal Fuvuted 06'"_ 010 ( PD1) Director /Staff Reports 9. CRA Board Member Reports 10. Adjourn Quasi- Judicial - denotes that the item must be conducted as a quasi-judicial hearing in accordance with Florida Statutes. Action - Direction - Discussion items may be acted upon by the City Council by either a motion with a vote in accordance with Robert' s Rules of Order, or by a consensus of the Council. Any person who decides to appeal any decision made with respect to any matter at this meeting will need a record of the proceedings, and for such purpose may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. ( Chapter 286. 01105, F. S.) The City of Fort Walton Beach adheres to the Americans with Disabilities Act and will make reasonable modifications for access to this meeting upon request. Please call City Clerk Helen Spencer at 833 -9509 to make a request. For Hearing Impaired dial the City Hall TDD #850 -833- 9925 or 1 - 800- 995 -8771 ( TDD) or 1 - 800- 955 -8770 ( Voice). Requests must be received at least 48 hours in advance of the meeting in order to allow the City time to provide requested service. All City of Fort Walton Beach council and board meetings are recorded The video can be accessed at www.fwb.org. Page 2 Primed 2/(' 20[ 3 Commvnin Redeve[opmem. 4gem 11  F-, 1---] Community Redevelopment Agency 0 To: CITY MANAGER MEMORANDUM Michael D. Beedie, City Manager From: Michael Beedic, City Manager Date: February 12, 2013 CRA Chair & Vice Chair Elections SIGNATURE BLOCK: City Manager Completed 02/ 04/ 2013 5: 26 PM Community Redevelopment Agency Pending Page I of I Packet Pg. 3 To: Michael D. Beedie, City Manager From: Tim Bolduc, Engineering and Utilities Services Director Date: February 12, 2013 Subject: Status of CRA Economic Incentive Programs 1. BACKGROUND: 1. 1. On April 10, 2012, the CRA Board of Commissioners recommended approval of five 5) new CRA economic incentive programs ( Matching Facade Grant Program, Development Assistance Grant Program, Nuisance Abatement Program, Land Value Investment Program, & Commercial Revolving Loan Fund Program), and the revision /expansion of one ( 1) existing CRA economic incentive program ( Matching Strectscape Grant Program). 1. 2. City Council approved the implementation of the CRA economic incentive programs on June 12, 2012, at which time staff began accepting applications. 2. DISCUSSION: 2. 1. The Matching Facade Grant Program provides a 1: 1 funding match to business /property owners for qualifying facade improvements to all sides of their building visible from a right -of - way. 2. 2. The Development Assistance Grant Program provides funding to cover up to 100% of the costs for building permit fees, inspection fees, water and sewer impact fees, and water and sewer connection fees for new or expanding businesses. 2. 3. The Nuisance Abatement Program provides up to 100% of the funding for necessary repairs to blighted and unsafe properties. 2. 4. The guidelines for the Land Value Investment Program and the Commercial Revolving Loan Fund Program are still in development. CRA staff is currently not accepting applications for these programs. 2. 5. The Matching Streetseape Grant Program was already implemented within the CRA. However, the program was updated and expanded to include improvements located on private property between the right -of w - ay and the building. The maximum funding limit was also revised in accordance with the other newly implemented CRA grant programs. 3. FINANCIAL INFORMATION: 3. 1. To date, Staff has received 28 complete grant applications, 21 of which have been approved. The total cumulative amount awarded through the programs to date is Page I of 2 Packet Pg. 4  3. 1 111, 510. 79. This has equated to a total private investment of $1, 512, 508.33. 3. 2. There are currently seven ( 7) applications under review expected to be approved for a cumulative total request of $67, 332. 80. 3. 3. In addition, Staff anticipates application submittals in the coming months from many other business owners who have shown interest in the programs. 4. 4. 1. This item is for information only; there is no Staff recommendation. ATTACHMENTS: Approved CRA Grants PDF) SIGNATURE BLOCK: Christopher Frassctti Completed 02/ 01/ 2013 8: 36 AM Stella Jones Completed 02/01/ 2013 8: 49 AM Tim Bolduc Completed 02/ 04/ 2013 4: 57 PM City Manager Completed 02/ 05/ 2013 4:27 PM City Manager Skipped 02/ 06/2013 7: 41 AM Community Redevelopment Agency Pending Carole Jones Skipped 02/ 01/ 2013 8: 44 AM Page 2 of 2 Packet Pg. 5  F-F- 31.31. aa V O O M N O fA V3 M a t» fA tfi vi Hi H m V3 Vi H O O O U C' d O 0Op O m y r y3 z¢ ab r r U CN V r M Vl N3 P 69 EA O m Q m V M ON N YJ D` m C M W V fag V V3 Vi fag flj LW O O O O O O 4 N O O O O N1 U O O O O O O V O O O O O M 0. s9 V) Yi sM9 el N EA Pq O G N N W PacketPacket Pg.Pg. 66 SIGNATURE BLOCK: Carole Jones Completed 02/ 05/ 2013 8: 01 AM Carole Jones Completed 02/05/ 2013 8: 02 AM City Manager Completed 02/ 05/ 2013 3: 38 PM Community Redevelopment Agency Pending Page 1 of 1 Packet Pg. 7  Draft Minutes — City of Fort Walton Beach Regular Meeting of the Community Redevelopment Agency Tuesday, September 11, 2012 5: 00 PM Ins mimele Strip Parkway Fort Walton Beach, FL 33548 Call to Order 5: 00 PM Meeting was called to order on September 11, 2012 at Council Chamber, 107 Miracle Strip Parkway, Fort Walton Beach, FL. Attendee Name Title Status Arrived Bobby Griggs Council Seat 1 Late 5: 02 PM joyce gossom Council Seat Absent Dennis Reeves Council Seat 3