December 18, 2013 Community Redevelopment Agency
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Items 1 - 4 - 1. ROLL CALL.
2. INVOCATION.
3. PLEDGE OF ALLEGIANCE TO THE FLAG.
4. APPROVAL OF MINUTES.
4A.Approval of Minutes
Items 1 - 4
1. ROLL CALL.2. INVOCATION.
3. PLEDGE OF ALLEGIANCE TO THE FLAG.
4. APPROVAL OF MINUTES.
4A.Approval of Minutes
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Item 5 - AGENDA APPROVAL.
Item 5
AGENDA APPROVAL.
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Item 6 - CITIZENS.
6A.PUBLIC COMMENT BY PEOPLE ADDRESSING THE COMMUNITY
REDEVELOPMENT AGENCY
Item 6
CITIZENS.6A.PUBLIC COMMENT BY PEOPLE ADDRESSING THE COMMUNITY
REDEVELOPMENT AGENCY
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Item 7 - ADMINISTRATIVE ITEMS.
7A.Hard Rock Redevelopment Incentive Agreement- Approval (pp. 6-50)
Resolution approving the Hard Rock Redevelopment Incentive Agreement with 801-
905 S. Atlantic LP, 199 Bay Street, Suite 2900, Toronto, Ontario Canada M5L 1G4, that
provides reimbursement of all Phase 1 Water and Sewer Impact Fees ( est. $850,000)
and an additional Community Redevelopment Area (CRA) Tax Increment Revenue
(TIF) reimbursement of approximately $4 million dollars. The Planned District Zoning
Agreement provides for three phases of construction. Phase 1 is the Hard Rock Hotel
and Cafe resort. The developer has requested a City financial contribution to offset
project related off-site public improvements. The City's willingness to participate was
confirmed with a Memorandum of Understanding adopted in June 2012. Both the
impact fee reimbursement and TIF reimbursement occur only if the Hard Rock project
and public infrastructure project are completed. The City's total financial commitment to
the Hard Rock project is capped at $4 million dollars. There is no investment of public
funds in Phase 2 or 3.
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.
7B. W.C. Grand Redevelopment Agreement - Second Amendment (pp. 51-64)
Resolution approving the Second Amended and Restated W.C. Grand Redevelopment
Agreement with White Challis Redevelopment Co., LLC., managing member of W.C.
Grand, LLC, revising the terms to permit the sale of individual lots for 15 single-family
homes at 516 S. Grandview Avenue.
Reed Berger, Redevelopment Director, to report.
Recommendation: Redevelopment Director recommends adoption of the
Resolution.
Action: Motion to adopt the Resolution.
Item 7
ADMINISTRATIVE ITEMS.7A.Hard Rock Redevelopment Incentive Agreement- Approval (pp. 6-50)
Resolution approving the Hard Rock Redevelopment Incentive Agreement with 801-
905 S. Atlantic LP, 199 Bay Street, Suite 2900, Toronto, Ontario Canada M5L 1G4, that
provides reimbursement of all Phase 1 Water and Sewer Impact Fees ( est. $850,000)
and an additional Community Redevelopment Area (CRA) Tax Increment Revenue
(TIF) reimbursement of approximately $4 million dollars. The Planned District Zoning
Agreement provides for three phases of construction. Phase 1 is the Hard Rock Hotel
and Cafe resort. The developer has requested a City financial contribution to offset
project related off-site public improvements. The City's willingness to participate was
confirmed with a Memorandum of Understanding adopted in June 2012. Both the
impact fee reimbursement and TIF reimbursement occur only if the Hard Rock project
and public infrastructure project are completed. The City's total financial commitment to
the Hard Rock project is capped at $4 million dollars. There is no investment of public
funds in Phase 2 or 3.
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.
7B. W.C. Grand Redevelopment Agreement - Second Amendment (pp. 51-64)
Resolution approving the Second Amended and Restated W.C. Grand Redevelopment
Agreement with White Challis Redevelopment Co., LLC., managing member of W.C.
Grand, LLC, revising the terms to permit the sale of individual lots for 15 single-family
homes at 516 S. Grandview Avenue.
Reed Berger, Redevelopment Director, to report.
Recommendation: Redevelopment Director recommends adoption of the
Resolution.
Action: Motion to adopt the Resolution.
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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 REDEVELOPMENTAGENCY - CITY MANAGER AND CITY ATTORNEY REPORT.
9. ADJOURNMENT.
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