Call to Order

1. Roll Call.

2. Invocation.

3. Pledge of Allegiance to the Flag.

Item 4

Approval of the minutes of the Special Meeting of the Community Redevelopment Agency Board of The City of Daytona Beach, Florida, held Wednesday, May 16, 2012, at 6:00 p.m., in the Commission Chambers, City Hall, 301 South Ridgewood Avenue, Daytona Beach, Florida.

Item 5

Agenda Approval

Item 6

Downtown Daytona Beach Marketing Presentation

Presentation by the Downtown Development Authority regarding the launch of a new marketing campaign for Downtown Daytona Beach.

Sheryl A Cook, Vice Chair, to present.

Item 7A

Bayshore Capital Inc. - Memorandum of Understanding (MOU)

Resolution approving a Memorandum of Understanding (MOU) between Bayshore Capital Inc., 2800-181 Bay Street, Toronto, ON M5J2T3, for the purpose of confirming the Community Redevelopment Agency’s (CRA) interest in a proposed condo-hotel project in the South Atlantic Redevelopment Area. Bayshore Capital Inc., is interested in utilizing various development incentives including ad valorem tax abatement, water/sewer construction cost reimbursements, the Florida Brownfield Tax Refund Program, and tax increment revenues. If approved, staff will be directed to commence negotiations and return to the CRA within 90 days with a Community Redevelopment Incentive Agreement. Approval of the MOU confers no development rights to Bayshore Capital Inc.

Paul McKitrick, Deputy City Manager/Administrative Services, to report.

Recommendation: Deputy City Manager/Administrative Services recommends
adoption of the Resolution.
Action: Motion to adopt the Resolution.

Items 8 - 10

8. Citizens.

9. Comments/inquiries from the Community Redevelopment Agency - City Manager and City Attorney report.

10. Adjournment.