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HomeMy WebLinkAbout02262003 AgendaCITY OF HOME OF PELICAN ISLAND CITY OF SEBASTIAN INDIAN RIVER COUNTY, FLORIDA COMMUNITY REDEVELOPMENT AGENCY MEETING AGENDA WEDNESDAY, FEBRUARY 26, 2003- 6:00 PM CITY C©UNCIL CHAMBERS, CITY HALL 1225 MAIN STREET, SEBASTIAN, FLORIDA 1. CALL TO ORDER 2. PLEDGE OF ALLEGIANCE 3. ROLL CALL 4. APPROVAL OF 8~28~02 MINUTES 5. Consideration of Loan from General Fund to Riverfront Redevelopment District (GMD Transmittal 2/20/03, Scope, R-03-07) 6. Iler Planning Group - Implementation of Phase II of the CRA District Expansion Plan 7. AGENCY ACTION 8. ADJOURN ANY PERSON WHO DECIDES TO APPEAL ANY DECISION MADE BY THE AGENCY WITH RESPECT TO ANY MATTER CONSIDERED A T THIS MEETING (OR HEARING) WILL NEED A RECORD OF THE PROCEEDINGS AND MAY NEED TO ENSURE THAT A VERBA TIM RECORD OF THE PROCEEDINGS IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE HEARD. (286.0105 F.S.) IN COMPLIANCE WITH THE AMERICANS WITH DISABILITIES ACT (ADA), ANYONE WHO NEEDS A SPECIAL ACCOMMODATION FOR THIS MEETING SHOULD CONTACT THE CITY'S ADA COORDINATOR A T 589-5330 AT LEAST 48 HOURS IN ADVANCE OF THIS MEETING. HEARING ASSISTANCE HEADPHONES ARE AVAILABLE IN THE COUNCIL CHAMBERS FOR ALL GOVERNMENT MEETINGS. Sebastian Community Redevelopment Agency Subject: Authorization and acceptance of a loan from the General Fund for payment of a Consultant Services Agreement with Iler Planning Group for implementation of phase II 0expansion plan. ~o df.~~ager Agenda No. Department Origin: Growth_Mgmt. Finance:~.~ General Srvcs: Date Submitted: February 20, 2002 For Agenda of.' February 26, 2002 Exhibits: · Scope of Services for Phase II of the CRA project; Resolution No. R-03-07. SUMMARY As detailed in the attached Resolution, the Riverfront Redevelopment Agency has determined that improvements am necessary within the Riverfront Redevelopment District, and a Comprehensive Redevelopment Plan would provide a blueprint for acceptable redevelopment improvements within the district. Additionally, the level of tax increment financing in the current year as well as the dedication of that financing this fiscal year will not sustain the cost of developing the redevelopment plan, and the General Fund has sufficient reserves to cover short-term lending to the Riverfront Redevelopment District at an interest rate below market value. The loan from the General Fund to the Riverfront Redevelopment District is for ONE HUNDRED AND EIGHT THOUSAND DOLLARS ($108,000), and is for the sole purpose of providing short-term funding for the creation of a Redevelopment Plan for the Riverfront Redevelopment District. The Riverfront Redevelopment District Loan shall be used only for the purpose of creating a Comprehensive Redevelopment Plan for the expanded Riverfront Redevelopment District. The interest rate charged on the Riverfront Redevelopment Loan shall be the average monthly participant return rate received by the Local Government Surplus Funds Trust Fund (SBA) over the life of the loan. This rate shall be used to recover the interest lost on investment. The Riverfront Redevelopment Loan shall be for a period not exceed one year from the date of adoption of this resolution. RECOMMENDED ACTION Accept, contingent upon Council authorization, a loan in the amount of $108,000 from the General Fund for payment of a Consultant Services Agreement with Iler Planning Group City of Sebastian CRA Redevelopment Master Plan Project Scope of Services 2-12-03 Phase I: Finding of Necessi _ty Report for Expansion Area [Completed ~2-11-o2.] Phase II: Community_ Redevelopment Plan Task II-l: Ident~'fication of Opportunities and Constraints/Stakeholder Interviews Using the information gathered in Phase I of this project, the consultant will prepare a preliminary list and graphic presentation of redevelopment opportunities and constraints. This list will be used to engage community stakeholders (residents, political leaders, business and property owners in the CRA area, and representatives from non-profit agencies) in a discussion of the area. Up to six (6) interviews will be conducted with local leaders and a limited number of outside agencies (FDOT, FDEP and TCRPC) to provide initial input of community vision. Task 11-2: Market and Socio-Economic Analysis Utilizing the most recent data available for the area, city and region, the IPG Team will perform an in-depth analysis of market and socio-economic conditions within the region and CRA itself to determine any areawide economic trends that may impact future redevelopment, identify the types of development that should be attracted to the new CRA area and identify any market constraints. Task II-3: Draft Community Redevelopment Plan Based on the stakeholder interviews and planning discussions with staff, the consultant will prepare the draft Community Redevelopment Plan for the CRA Area. The Plan will contain the following components: 1.) Background information on existing conditions and findings (staff to prepare initial draft per consultant specifications); Future vision of the Area and redevelopment goals and objectives; 3.) Land use, zoning and urban design recommendations; 4.) Housing needs and neighborhood impact; Capital improvement projects (up to lo)addressing water, sewer, parks, streetscapes, open space, roads, transit, drainage, public safety, community services, historic and cultural resources, environment and conservation, bikeways, pedestrian linkages, and community identification with estimated costs (order-of-magnitude) where possible. 6.) Tax increment and other applicable revenue projections over lo-year period, and implementation phasing plan. 7.) Potential public/private partnerships for short-range private redevelopment projects. 8.) Illustrated plan for community redevelopment area_. 9.) All other elements needed to fully comply with the Community Redevelopment Act of ~969 (Part III of Chapter ~63, Florida Statutes). The CRA Plan will address both the existing CRA and the new expansion area created as a result of Phase I work. Task II-4: CRA Executive Board and Staff Review Following submittal of the draft redevelopment plan, the IPG Team will meet with City staff to review comments or suggestions regarding the plan. The draft Plan will also be presented to the CRA Executive Board in a workshop session. 2 Task 11-5: Final Community Redevelopment Plan The IPG Team will make the necessary revisions and submit a Final Redevelopment Plan to the.City for consideration, and eventual approval, by the CRA Executive Board and City Commission at separate hearings. City staff will prepare the necessary approval resolutions or ordinances. Phase II Deliverables: Draft and Final Redevelopment Plan CRA Approval Ordinance/Resolution (City Attorney) Completion Timeframe: 8 months from NTP. Estimated Cost: Phase III: Continued Assistance with Planning & Implementation Once the CRA is established, the IPG Team will continue to provide implementation assistance to the CRA, on a case-by-case basis. The scope and cost for these additional sendces are over and above the project fixed fee, and will be negotiated on a time and materials basis with the City Manager as tasks arise. Task lII-l: Specific Redevelopment Planning and Projects The specific details of this task are not known at this point but depend upon the public projects identified in the Redevelopment Plan and the City's need for additional assistance in implementing the plan. Examples of such services provided to previous clients include: Assistance in preparing grant applications; Preparation of planning studies, infrastructure analysis land development regulations specifically for the CRA; Review of proposed developments for compliance with CRA standards; Project management for public improvements within CRA area; and Planning, design and engineering for CRA projects. Administration, strategic planning and public/private redevelopment projects. Phase III Estimated Cost: To be determined in the future on a work order basis approved by City Manager and/or Council, as appropriate. 3 RESOLUTION NO. R-03-07 A RESOLUTION OF THE CITY OF SEBASTIAN, FLORIDA, ESTABLISHING AN AGREEMENT TO LOAN THE RIVERFRONT REDEVELOPMENT DISTRICT $108,000 FOR THE PURPOSE OF FUNDING A REDEVELOPMENT PLAN; ESTABLISH A USE OF FUNDS; ESTABLISH A RATE OF INTEREST; ESTABLISHING A TERM; PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Riverfront Redevelopment Agency has determined that improvements are necessary within the Riverfront Redevelopment District; and WHEREAS, the Riverfront Redevelopment District is a component unit of the City of Sebastian, and WHEREAS, a Comprehensive Redevelopment Plan would provide a blueprint for acceptable redevelopment improvements within the district; and WHEREAS, the level of tax increment financing in the current year as well as the dedication of that financing this fiscal year will not sustain the cost of developing the redevelopment plan; and WHEREAS, the Riverfront Redevelopment Agency has approved this loan from the General Fund, and WHEREAS, the General Fund has sufficient reserves to cover short-term lending to the Riverfront Redevelopment District at an interest rate below market value, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEBASTIAN, THAT: Section 1. LOAN AGREEMENT. There is hereby established an agreement to loan from the General Fund to the Riverfront Redevelopment District an amount of ONE HUNDRED AND EIGHT THOUSAND DOLLARS ($108,000) to provide short-term funding for the creation of a Redevelopment Plan for the Riverfront Redevelopment District. Section 2. USE OF FUNDS. The Riverfront Redevelopment District Loan shall be used only for the purpose of creating a Comprehensive Redevelopment Plan for the expanded Riverfront Redevelopment District. Section 3. RATE OF INTEREST. The interest rate charged on the Riverfront Redevelopment Loan shall be the average monthly participant return rate received by the Local Government Surplus Funds Trust Fund (SBA) over the life of the loan. This rate shall be used to recover the interest lost on investment. Section 4. TERM OF LOAN. The Riverfront Redevelopment Loan shall be for a period not exceed one year from the date of adoption of this resolution. Section 5. All resolutions or parts of resolutions in conflict herewith are hereby repealed. Section 6. This Resolution shall become effective upon adoption. It was moved for adoption by Councilmember The motion was seconded by Counciimember vote, the vote was as follows: Mayor Walter Barnes Vice Mayor James A. Hill Councilmember Ray Coniglio Councilmember Joe Barczyk Councilmember Ed Majcher and, upon being put to a The Mayor thereupon declared this Resolution duly passed and adopted this 26th day of February, 2003. CITY OF SEBASTIAN, FLORIDA By: Mayor Walter Barnes ATTEST: Sally A. Maio, CMC City Clerk Approved as to form and content for reliance by the City of Sebastian only: Rich Stringer, City Attorney