March 6, 2013 Community Redevelopment Agency
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Items 1 - 3 - 1. ROLL CALL.
2. INVOCATION.
3. PLEDGE OF ALLEGIANCE TO THE FLAG.
Items 1 - 3
1. ROLL CALL.2. INVOCATION.
3. PLEDGE OF ALLEGIANCE TO THE FLAG.
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Item 4 - Approval of Minutes
Approval of the minutes of the Special Meeting of the Community Redevelopment Agency Board of The City of Daytona Beach, Florida, held Wednesday, November 7, 2012, at 6:00 p.m., in the Commission Chambers, City Hall, 301 South Ridgewood Avenue, Daytona Beach, Florida.
Item 4
Approval of MinutesApproval of the minutes of the Special Meeting of the Community Redevelopment Agency Board of The City of Daytona Beach, Florida, held Wednesday, November 7, 2012, at 6:00 p.m., in the Commission Chambers, City Hall, 301 South Ridgewood Avenue, Daytona Beach, Florida.
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Item 5 - AGENDA APPROVAL.
Item 5
AGENDA APPROVAL.
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Item 6A - Purchase of Real Estate - 925 Sycamore Street - Expenditure of Funds (pp. 5-24) Resolution authorizing the use of CRA funds to purchase a 0.57 acre parcel of land located at 925 Sycamore Street from Chandan & Neeta Shirvaikar,4719 37th Avenue, Edmonton, Alberta, Canada T6L 3V2, in the amount of $13,000 plus closing costs not to exceed $1,500. A current appraisal concludes that the market value of the property on January 16, 2013 was $28,000. The Volusia County Property Appraiser's Office records show a current total value of $69,748 for the property and the most recent qualified sale in March 2012 was $90,000. The purpose of the acquisition is to remove a vacant dilapidated nonconforming 10 unit apartment building and offer the site for redevelopment of three to four single-family lots. Funds available in the Midtown Redevelopment Trust Fund. The acquisition of the property is consistent with the Midtown Redevelopment Plan.
Reed Berger, Redevelopment Director, to report.
Recommendation: Redevelopment Director recommends adoption of the Resolution.
Action: Motion to adopt the Resolution.
Item 6A
Purchase of Real Estate - 925 Sycamore Street - Expenditure of Funds (pp. 5-24) Resolution authorizing the use of CRA funds to purchase a 0.57 acre parcel of land located at 925 Sycamore Street from Chandan & Neeta Shirvaikar,4719 37th Avenue, Edmonton, Alberta, Canada T6L 3V2, in the amount of $13,000 plus closing costs not to exceed $1,500. A current appraisal concludes that the market value of the property on January 16, 2013 was $28,000. The Volusia County Property Appraiser's Office records show a current total value of $69,748 for the property and the most recent qualified sale in March 2012 was $90,000. The purpose of the acquisition is to remove a vacant dilapidated nonconforming 10 unit apartment building and offer the site for redevelopment of three to four single-family lots. Funds available in the Midtown Redevelopment Trust Fund. The acquisition of the property is consistent with the Midtown Redevelopment Plan.Reed Berger, Redevelopment Director, to report.
Recommendation: Redevelopment Director recommends adoption of the Resolution.
Action: Motion to adopt the Resolution.
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Item 6B - Budget Amendment (pp. 25-31) Resolution amending Resolution No. CRA 12-14, which adopted the 2012-2013 budget, in order to increase revenues by $461,294; and increase expenditures by $53,932 and increase capital expenditures by $407,362. Patricia Bliss, Chief Financial Officer, to report Recommendation: Chief Financial Officer recommends adoption of the Resolution. Action: Motion to adopt the Resolution.
Item 6B
Budget Amendment (pp. 25-31) Resolution amending Resolution No. CRA 12-14, which adopted the 2012-2013 budget, in order to increase revenues by $461,294; and increase expenditures by $53,932 and increase capital expenditures by $407,362. Patricia Bliss, Chief Financial Officer, to report Recommendation: Chief Financial Officer recommends adoption of the Resolution. Action: Motion to adopt the Resolution.
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Item 7 - CITIZENS.
Item 7
CITIZENS.
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Items 8 & 9 - 8. COMMENTS/INQUIRIES FROM THE COMMUNITY REDEVELOPMENT AGENCY - CITY MANAGER AND CITY ATTORNEY REPORT.
9. ADJOURNMENT.
Items 8 & 9
8. COMMENTS/INQUIRIES FROM THE COMMUNITY REDEVELOPMENT AGENCY - CITY MANAGER AND CITY ATTORNEY REPORT.9. ADJOURNMENT.
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