Help & information    View the list of Transcripts

Tampa City Council
CRA meeting
Tuesday, July 17, 2007

The following represents an unedited version of
realtime captioning which should neither be relied
upon for complete accuracy nor used as a verbatim
The original of this transcript was produced in all
capital letters and any variation thereto may be a
result of third party edits and software compatibility
Any person who needs a verbatim transcript of the
proceedings may need to hire a court reporter.

13:32:49 >>THOMAS SCOTT: I'd like to call the Community
13:32:51 Redevelopment Agency to order at this time.
13:32:53 And we'll have roll call.
13:32:57 >>LINDA SAUL-SENA: Here.
13:32:57 >>CHARLIE MIRANDA: Here.
13:32:59 >>JOHN DINGFELDER: Here.
13:33:00 >>GWEN MILLER: (No response.)
13:33:02 >>MARY MULHERN: Here.
13:33:03 >>JOSEPH P. CAETANO: (No response.)
13:33:05 >>THOMAS SCOTT: Here.
13:33:06 Let me read something for the record, from
13:33:10 councilwoman Gwen Miller, letter of absence.
13:33:13 Please be advised that I will be out of town until
13:33:16 late afternoon and therefore will be unable to attend
13:33:20 the CRA meeting scheduled for today at 1:30 p.m.
13:33:24 Thank you for your attention to this matter.
13:33:28 That's from councilwoman Miller.
13:33:31 Let me submit this for the record.
13:33:35 Okay.
13:33:37 Mr. Huey.
13:33:41 >>MARK HUEY: Good afternoon.
13:33:43 There are a couple of agenda items right at the
13:33:45 beginning.
13:33:46 Staff reports.
13:33:48 I'll give the first one.
13:33:53 Distributed a written report to you for your
13:33:55 acceptance.
13:33:55 I was asked to appear on the federal courthouse.
13:34:00 I have had at least two, maybe three meetings with the
13:34:02 school board since I last reported to you.

13:34:05 They continue to work on the possibility of the
13:34:07 courthouse, a high school.
13:34:15 I believe that due diligence is proceeding in earnest.
13:34:18 They will also, as they are working on this building,
13:34:20 updating their five year plan at the school board.
13:34:22 They expect to conclude that at the end of this month.
13:34:25 And so I think we will know more definitively in the
13:34:30 August time frame whether or not the courthouse is a
13:34:32 viable option as a potential high school.
13:34:38 >>LINDA SAUL-SENA: Thank you, chairman Scott.
13:34:40 I'm eager to see something happen with this.
13:34:42 So I'd like to request that this appear on our August
13:34:45 agenda for an update.
13:34:47 And with the idea that by September, it's either a go
13:34:52 or no-go.
13:34:53 >> I believe I have been requested by council to make
13:34:56 a written report in the month of August.
13:35:05 >>> The 23rd meeting.
13:35:06 >> So I'll be making that report to council.
13:35:08 >>THOMAS SCOTT: Thank you very much, sir.
13:35:19 >>THOMAS SCOTT: And then we have a written report
13:35:20 that's just distributed, right?

13:35:23 Okay.
13:35:23 Let me just say again, I like reports in advance.
13:35:27 Let me just stress that again.
13:35:29 I like reports before the meeting.
13:35:31 >>> Okay.
13:35:32 >> If I can get them in advance so that will give me
13:35:34 an opportunity to read through them so if I have any
13:35:36 questions, I can raise questions.
13:35:37 So I'm just getting this so it doesn't allow me a lot
13:35:41 of opportunity.
13:35:42 Yes, councilwoman Saul-Sena.
13:35:46 >>LINDA SAUL-SENA: I appreciate this report.
13:35:49 The other unfinished business in the Channel District
13:35:52 CRA is the arts work that is supposedly going to get
13:35:57 done.
13:35:58 So I would like a report on that in August on the
13:36:01 status of that project.
13:36:05 >>THOMAS SCOTT: So you want a report on the art work?
13:36:08 >>LINDA SAUL-SENA: There's some arts manager, or
13:36:12 consultant that's supposed to be hired to do like a
13:36:15 scope of work.
13:36:19 Supposedly it's proceeding so I would just like a

13:36:21 status report in August.
13:36:22 >>THOMAS SCOTT: Okay.
13:36:24 Seconded by councilwoman Mulhern.
13:36:26 All in favor let it be known by Aye.
13:36:30 Opposes?
13:36:31 So ordered.
13:36:32 Very good.
13:36:35 Now we have the presentation of the budget workshop,
13:36:39 overview.
13:36:43 >>MARK HUEY: This is really the main focal point of
13:36:45 our monthly meeting.
13:36:47 It will be the first time the board has taken time to
13:36:51 contemplate the issues that we are dealing with since
13:36:55 we put together our annual TIF budget.
13:36:58 We start by thanking you for committing the time to
13:37:00 doing that.
13:37:01 And we have an extensive PowerPoint presentation, if
13:37:04 we could pull that up.
13:37:05 I will start it off.
13:37:07 >>THOMAS SCOTT: Let me call to the board's attention,
13:37:11 if you would give us the presentation in advance, so
13:37:13 that we can refer to it as it moves along with it.

13:37:18 And there's seven areas that we will allow for
13:37:24 presentation by each area, and after each one, we have
13:37:27 allowed about ten minutes for questioning.
13:37:30 So just be mindful of that.
13:37:34 And I ask council not to get ahead of the presenters,
13:37:37 so we can just walk with them as they present.
13:37:41 Mr. Huey.
13:37:42 >>MARK HUEY: Yes.
13:37:43 And there is a lot of information to provide to you.
13:37:46 We have nine redevelopment areas.
13:37:49 We have organized them into seven neighborhoods.
13:37:52 Of course, downtown has two CRAs and Ybor has two.
13:37:56 But keep in mind, we are going to try to spend ten
13:37:58 minutes on each.
13:37:59 That's 70 minutes.
13:38:00 And I have got some introductory comments.
13:38:03 So if you can help us keep the pace going, that will
13:38:05 be great.
13:38:14 The purpose of this workshop is to discuss with the
13:38:16 board the key challenges and considerations that will
13:38:19 guide our fiscal 2008 redevelopment work plan and TIF
13:38:23 budget.

13:38:24 You are going to hear today more than just TIF budget.
13:38:26 You are going to be hearing about the things that are
13:38:28 affecting really our work plan and goals.
13:38:31 And we are going to review each of our seven
13:38:34 redevelopment areas.
13:38:36 You see a map of the City of Tampa, and those
13:38:41 highlighted areas are the different redevelopment
13:38:42 areas, from Drew Park on the west side near the
13:38:47 airport, to the largest redevelopment area, second
13:38:52 largest in the country, we believe, East Tampa, and of
13:38:55 course those are around downtown. The format of our
13:38:59 discussion is I am going to do an overview for you of
13:39:01 agency-wide matters.
13:39:03 Then each of the CRA managers will come and share with
13:39:06 you about each of the individual redevelopment
13:39:09 neighborhoods and then we'll have the next steps and
13:39:12 closing comments.
13:39:15 I want to start our review, our overview by reminding
13:39:19 you about our calendar.
13:39:20 We are doing the workshop today, July 17th, and we
13:39:23 are working toward preparing for you a budget booklet,
13:39:28 much as we did for the board last year, that will

13:39:30 detail out the budget, and that will go to get you
13:39:35 that August 16th in anticipation of the August
13:39:38 21st board meeting.
13:39:39 And that we would have you approve that September
13:39:41 18th.
13:39:43 So that's the calendar we are working with.
13:39:46 Let's begin now by reviewing TIF revenues for the
13:39:52 agency as a whole.
13:39:53 The chart before you shows our growth in TIF revenues.
13:39:57 Last year, we were at just under $26 million in TIF
13:40:02 revenues.
13:40:02 This year you can see their projected overall to be at
13:40:06 $29 million.
13:40:07 The information that you have is based on the final
13:40:12 numbers we have gotten from the tax assessor and
13:40:15 appraiser so it's reflecting their June 30th
13:40:19 information about assessment levels in the CRA.
13:40:22 And then it's of course reflecting our current millage
13:40:25 calculations by the city, as well as the county's
13:40:28 current millage calculations.
13:40:30 So it is a very good estimate.
13:40:35 You can see the overall growth rate between '07 and 08

13:40:38 is about 12%.
13:40:40 Many of you had asked me what the impact has been on
13:40:43 the recent statement mandated rollback in millage so
13:40:46 let me address that for you.
13:40:49 Here you see a chart.
13:40:53 In the dark blue, just about $26 million.
13:40:58 Those were our TIF revenues last year.
13:41:00 At the top of the light yellow, you'll see a number
13:41:05 32.9 million.
13:41:07 That's what our TIF revenues would have been this year
13:41:10 had there been no millage rollback.
13:41:13 The millage rollback reduced our TIF revenues by
13:41:18 $3.4 million.
13:41:20 3.4 million.
13:41:25 So it would have been just under 33 million which
13:41:28 would have been a growth rate of 26%, a growth rate
13:41:32 after the millage reduction is about 12%.
13:41:35 How does this break out by redevelopment area?
13:41:39 >>JOHN DINGFELDER: I'm confused on the yellow and the
13:41:47 blue.
13:41:47 I understand the --
13:41:51 >>> The dark blue, 25,777, that was our TIF revenues

13:41:59 last year.
13:41:59 So what I am reconciling is what the actuals would
13:42:02 have been had there been no millage change.
13:42:04 So what you are seeing, the $3.2 million in light
13:42:08 green.
13:42:08 That represent the assessment growth that we have
13:42:11 captured despite the millage reduction.
13:42:15 Does that help explain it, John?
13:42:17 >>JOHN DINGFELDER: Yes.
13:42:19 >>MARK HUEY: Okay.
13:42:20 Good question.
13:42:21 How did this impact?
13:42:23 Obviously the larger redevelopment areas had the most
13:42:25 significant impact.
13:42:26 So this presents you the same information across the
13:42:31 different redevelopment areas.
13:42:32 So as you can see out of that overall reduction of
13:42:36 $3.4 million in TIF revenues downtown bore the brunt
13:42:41 of that, about $2 million.
13:42:45 Next is East Tampa, our nest largest CRA which
13:42:48 declined about $750,000.
13:42:51 And then you can see the others.

13:42:59 We are going to discuss the TIF revenue history of
13:43:01 each redevelopment area in a little bit but I did want
13:43:04 to address you on the front end, the impact of the
13:43:06 millage rollback on our different redevelopment areas.
13:43:10 At this time, I'd like to switch gears and spend a few
13:43:14 minutes discussing with you some agency wide key
13:43:17 challenges.
13:43:20 And by key challenges, I mean the critical questions
13:43:23 that we as a redevelopment team, you the board, the
13:43:26 staff, and our community volunteers, are particularly
13:43:30 focused on as we prepare our work plan and budgets for
13:43:33 next year.
13:43:35 They don't reflect every single issue that we are
13:43:37 working on.
13:43:39 But they do affect important and key planning
13:43:42 challenges.
13:43:46 The first one is again taking off on the conversation
13:43:52 we just had, how should the uncertain property tax
13:43:55 environment upset the short and long-term planning?
13:43:59 We had just discuss board of director the immediate
13:44:01 impact.
13:44:01 You all are aware in January there will be a voter

13:44:04 referendum on super homesteading.
13:44:07 We have done a little bit of analysis.
13:44:09 This is a chart that shows what proportion of each
13:44:14 redevelopment area assessed value is homesteaded
13:44:18 property.
13:44:19 Now, you might be surprised to find out that downtown
13:44:22 has the largest proportion, almost 30% of downtown
13:44:26 assessed value is homesteaded property.
13:44:28 And that would be primarily Harbor Island.
13:44:31 Often we forget that Harbor Island is part of the
13:44:34 downtown redevelopment area.
13:44:35 You can see the next note impacted area is East Tampa.
13:44:42 Beyond that, there's uncertainty about what future
13:44:45 millage reductions may occur.
13:44:48 There is certainly potential for other changes in our
13:44:50 tax structure.
13:44:51 And so that begins to affect how we think about TIF
13:44:56 borrowing, as an example.
13:45:02 The second challenge, what are the implications of
13:45:06 changing market conditions on our short and long-term
13:45:09 redevelopment planning? At the bottom line, we are
13:45:12 doing redevelopment is attracting quality private

13:45:15 investment into our redevelopment areas.
13:45:16 That's what we worked to set the stage to do, is to
13:45:20 attract quality private investment.
13:45:22 The market has changed dramatically in the last year
13:45:25 suns we last visited on our budget, and the
13:45:28 residential development market is quite different, but
13:45:32 certainly commercial markets are quite strong.
13:45:35 Witness the IKEA that happened recently.
13:45:41 So that is certainly affecting the way we are thinking
13:45:42 and where we are focusing our time now as a
13:45:47 redevelopment staff.
13:45:48 It also upsets our thinking, for example, using
13:45:50 downtown as an example.
13:45:53 What are the things we can best do to position our
13:45:56 downtown to take advantage of the next cycle of
13:45:59 redevelopment that will occur in our downtown?
13:46:01 And it will occur again at a significant pace.
13:46:05 What are the important things we can do?
13:46:11 We have been relying as a redevelopment agency on the
13:46:14 general fund.
13:46:15 And you all are quite aware of the reductions that are
13:46:17 occurring in our general fund as a result of the

13:46:20 millage rollback.
13:46:22 What are the implications for us as we go forward?
13:46:26 Presently, our administrative expenses in agency
13:46:31 are -- as an agency are relatively low.
13:46:35 On your left, or my left, looking at the screen, it
13:46:38 would be your left as well, you see a pie chart that
13:46:41 shows total administrative expenses of about 6%
13:46:46 overall.
13:46:47 That's including our downtown debt service.
13:46:49 But overall the agency has administrative expenses.
13:46:53 If you exclude that service, you see it's about 12%.
13:46:57 Again, very modest, or fairly efficient.
13:47:03 We are guided in how we handle our administrative
13:47:08 expenses, financial policy that you as a board have
13:47:11 approved, and we have looked at on a couple of
13:47:14 occasions.
13:47:15 And it guides the types of expenses that can be
13:47:18 charged to administration, and how those are allocated
13:47:22 between the general fund and the CRA.
13:47:30 We are always trying to think about how we can be more
13:47:33 efficient in the work that we do.
13:47:35 Are there opportunities to create efficient cost

13:47:38 sharing solutions to program common to multiple
13:47:40 redevelopment areas?
13:47:41 The department itself was created with that vision in
13:47:45 mind.
13:47:45 This is an organization chart of the department, 18
13:47:50 staff. The green staff are the line management, if
13:47:54 you will, who are working each day in their particular
13:47:58 redevelopment area.
13:47:59 Those in blue are shared staff that work across all of
13:48:03 the redevelopment areas, and therefore don't go to one
13:48:09 particular redevelopment area.
13:48:10 We created this department intentionally to allow for
13:48:13 that shared efficiency.
13:48:15 So presently we share administrative.
13:48:17 We share GIF, financial reporting and analysis, and
13:48:20 organizational coordination costs among all of the
13:48:23 CRAs.
13:48:24 There's other areas we are looking at.
13:48:27 Possibly sharing facade programs, if we do facade
13:48:32 programs, sharing administration among the different
13:48:34 CRAs, as well as marketing support and possibly CIP
13:48:39 project expediting.

13:48:48 The next issue, what is the role of our CRA in helping
13:48:52 with the city's affordable housing challenge?
13:48:54 This is an issue that always touches us during the
13:48:57 budgeting time frame.
13:49:00 You are aware that this is an issue of really regional
13:49:03 economic development competitiveness for our
13:49:05 community.
13:49:06 Our ability to offer affordable housing is affecting
13:49:09 our ability to compete for good jobs with other
13:49:13 regions.
13:49:14 The development cost for housing, because of
13:49:17 escalating land costs, construction costs, insurance
13:49:20 taxes, et cetera, are exceeding medium income growth.
13:49:23 You know all about that.
13:49:27 Federal and state housing subsidies are declining.
13:49:29 All of these things are putting CRAs in the position
13:49:33 to be a potential significant part of helping
13:49:38 communities solve their affordable housing challenge.
13:49:41 Right now we are working on the most ambitious such
13:49:44 effort in the Central Park redevelopment partnership.
13:49:47 But there are other opportunities.
13:49:49 And whenever we come into this budget cycle in a place

13:49:52 like East Tampa, or Drew Park, or other areas we are
13:49:55 thinking about what part of our budget resources
13:49:59 should we devote to this important issue?
13:50:07 And lastly, how can we best bring additional non-TIF,
13:50:12 non-city funding to our redevelopment efforts?
13:50:15 Whenever we can bring other resources to the table, of
13:50:19 course, we are always working with the private sector.
13:50:22 They are really bringing the most resources to the
13:50:24 table.
13:50:24 But what other resources? We had some recent success,
13:50:27 as you are aware.
13:50:28 The state funded $1 million toward Drew Park
13:50:32 stormwater improvement project, $2 million towards the
13:50:35 riverwalk.
13:50:35 We benefited East Tampa significantly from homes and
13:50:39 SHIP affordable housing funding.
13:50:42 We had a significant CDBG investment in East Tampa in
13:50:45 the street resurfacing.
13:50:46 What other opportunities like that exist?
13:50:49 We want to keep challenging ourselves to think about
13:50:52 how to bring non-TIF resources to the table.
13:51:09 That concludes my presentation from the TIF agency.

13:51:12 And we'll be happy before we answer any agency wide
13:51:16 question that you have.
13:51:18 >>LINDA SAUL-SENA: Thank you. The last question that
13:51:20 you posed, number 6, is a great question.
13:51:25 And I wonder if you have anyone on your staff
13:51:27 currently who is exploring alternative sources of
13:51:29 funding from grant to public-private partnership.
13:51:35 Who do you have to work from?
13:51:38 >> Right now it's falling upon each manager to do that
13:51:41 as part of their arsenal of the work that they do.
13:51:45 And, for example, Ed Johnson recently won a $400,000
13:51:49 brownfield grant for East Tampa.
13:51:51 So, again, we had success.
13:51:54 Maybe if we do think about it a little bit R bit
13:51:58 differently in the way we staff, maybe we could get
13:52:00 more success.
13:52:01 That's something we'll be thinking about as we prepare
13:52:03 our budget.
13:52:05 Does that answer your question?
13:52:07 >>LINDA SAUL-SENA: I think we should be much more
13:52:09 aggressive.
13:52:10 The reason I asked is because I know that we haven't

13:52:13 been as aggressive and broad-reaching as we might be.
13:52:16 And I think if we are spending money on staff, that
13:52:19 should be one of their specific, you know, tasks.
13:52:23 >>MARK HUEY: Yes.
13:52:25 Right now it's spread across each area it's pursuing.
13:52:29 There's good things about that and there's not good
13:52:31 things.
13:52:32 Because, as you know, and you can see that the strong
13:52:34 growth we have had in all of our redevelopment TIF
13:52:38 resources, and beyond that, the workload that they are
13:52:41 involved in, unrelated to TIF, gives them limited
13:52:44 amounts of time to do the kind of, I think, thoughtful
13:52:47 grant-seeking work that you are speaking about.
13:52:50 So we are feeling challenged there.
13:52:54 >>THOMAS SCOTT: Another issue from my standpoint, and
13:52:57 that is do you have the staff capacity to be able or
13:52:59 staff person to be able to specifically go and target
13:53:03 grants?
13:53:06 From my background, you know, how does someone
13:53:10 specifically go after grants and pay for itself?
13:53:13 >> On a city-wide basis, we have a contract with a
13:53:16 grant consultant that the city has been using.

13:53:19 So we might avail ourselves more of that in the
13:53:22 future, or may consider another option.
13:53:25 But, again, this is an issue we are thinking about.
13:53:28 I appreciate your thoughts on it.
13:53:34 >>MARY MULHERN: Is that a company or one individual?
13:53:40 >>> I believe it's an individual who has a company.
13:53:42 An individual grant writer.
13:53:44 >>MARY MULHERN: Sounds like we could use that.
13:53:51 >>JOSEPH P. CAETANO: In the beginning you said the
13:53:52 calculations as of June, because the property
13:53:54 appraiser starts the fiscal year in January.
13:53:57 How do we come up with June?
13:54:00 >>MARK HUEY: Well, that's when they finalize their
13:54:03 assessment.
13:54:04 We begin getting information from them about the
13:54:06 assessment levels in the CRA as of January, as of
13:54:11 January, starting in May, we start to get numbers.
13:54:13 But they really don't become very officials until June
13:54:17 30th.
13:54:19 >>JOSEPH P. CAETANO: And these numbers are based on
13:54:21 those final numbers?
13:54:23 >>MARK HUEY: Yes.

13:54:23 >>JOHN DINGFELDER: Mr. Huey, on page 7 you show us the
13:54:28 table that talked about administrative -- the
13:54:30 administrative portion of the total expenditure
13:54:34 excluding debt, 7% for direct, and --
13:54:38 >>MARK HUEY: Yes.
13:54:39 Yes.
13:54:41 >>JOHN DINGFELDER: Are there national standards?
13:54:46 I know we belong to the Florida redevelopment
13:54:49 association.
13:54:49 I'm sure we probably belong to a national equivalent.
13:54:52 Are there natural standards or guidelines?
13:54:55 >>MARK HUEY: I'm not aware of any.
13:54:57 We'll do a little more research on that through FRA
13:55:01 and see if we can't identify.
13:55:03 Typically what happens, I will share with you, is that
13:55:07 CRAs tend to be overburdened with administration at
13:55:10 the beginning, when they are small.
13:55:12 And you will see that, for example, when we show you
13:55:14 the Heights in Central Park.
13:55:16 It had very also TIF revenues.
13:55:20 So that's why it's difficult to answer your question.
13:55:23 It very much depends a lot on point in time, where

13:55:26 larger, more mature CRAs are managed rather
13:55:32 efficiently by a small staff.
13:55:34 So that's part of the struggle with answering your
13:55:40 question.
13:55:40 >>JOHN DINGFELDER: So the administrative component
13:55:43 works smaller?
13:55:44 >>MARK HUEY: Exactly.
13:55:46 And the more you do debt, that's another part of it
13:55:50 because debt doesn't really require administration,
13:55:53 once you put in The Place.
13:55:54 So that's why we presented it both ways for you.
13:55:59 >>THOMAS SCOTT: All right.
13:56:00 >>MARK HUEY: Let's move on.
13:56:03 We are going to now -- PowerPoint.
13:56:08 We are now going to have a presentation by each CRA
13:56:11 meeting and their presentations are standardized it.
13:56:14 You are going to see them follow this format.
13:56:15 They are going to show you a location map just to
13:56:18 remind you of their boundaries.
13:56:20 They are going to highlight some of the redevelopment
13:56:21 activities of the past year.
13:56:25 They are going to identify for you their priorities

13:56:29 and planning considerations.
13:56:30 Just to remind you.
13:56:37 Just to remind you of the important things they are
13:56:39 working on.
13:56:41 They are going to give you some history of TIF spending
13:56:44 in the CRA and a preliminary look at the 08 budget and
13:56:50 how TIF revenues will be used and then they will have a
13:56:53 couple of minutes to answer questions before we move to
13:56:55 the next presentation.
13:56:57 We'll go in this particular order.
13:56:59 Our standard order, whenever we look at all the
13:57:02 redevelopment areas.
13:57:03 At this time I would like to invite Mike Chen up who
13:57:06 will talk to us about the downtown redevelopment area.
13:57:16 >>MICHAEL CHEN: Good afternoon.
13:57:21 The first piece is going to show you a map of the CRA
13:57:25 area for downtown.
13:57:27 Generally, you are looking at I-275 to the north, the
13:57:30 river to the west, we are boarded by the Channel
13:57:34 District to the east, the dividing line is Meridian,
13:57:38 and then Harbor Island to the south.

13:57:42 Perhaps as a point of reference, the large light spot
13:57:45 somewhere in the middle of all of that, that's the
13:57:48 roof of the forum.
13:57:51 A new project has come up.
13:57:56 This is the residence of Franklin Street, valued about
13:58:01 $12 million.
13:58:03 Particularly I want to point out the slide to the
13:58:06 bottom right-hand corner.
13:58:08 You are getting a good shot of the fly restaurant in
13:58:11 the context of the neighborhoods starting to come
13:58:14 about there with new residential.
13:58:18 SkyPoint is coming on, 380 units.
13:58:24 Also approximately 20,000 square feet of retail, value
13:58:28 of that project about $133 million.
13:58:31 The embassy suites hotel, 360 rooms, 12 meeting rooms
13:58:39 with about 20,000 square feet of meeting space, value
13:58:43 on this is about $55 million.
13:58:46 The new park areas along downtown.
13:58:52 Looking at the bottom left hand corner, MacDill
13:58:55 park, and the center and right hand slides are the new
13:58:58 USF parks that were recently opened and several of you
13:59:02 attended.

13:59:05 We have the plaza at Harbor Island, 138 units,
13:59:09 approximately $49 million.
13:59:13 We have a lot of planning considerations and how to
13:59:17 determine priorities coming up in front of us, in the
13:59:20 upcoming years.
13:59:21 The planning of the Curtis Hixon park, Ashley drive.
13:59:26 These are underway, and still subject to any number of
13:59:30 continued public meetings.
13:59:32 We also have to look at how we improve and expand our
13:59:36 parking surfaces, both on-street and off-street in the
13:59:40 downtown area.
13:59:41 We continue to convert one-way streets to two-way
13:59:45 streets to try to improve the pedestrian environment
13:59:48 and create a better environment for retail to start to
13:59:51 emerge.
13:59:53 And then we are just about complete with an agreement
13:59:57 that will come before you for the parking and
14:00:01 transportation study in downtown
14:00:05 One of our key challenges, how do we pay for all these
14:00:08 things?
14:00:09 We continue to have questions as to whether we are
14:00:12 going to have TIF growth or not, the status of our $40

14:00:17 million financing and how it's afforded with the TIF,
14:00:22 and regardless of how the millage sorts out, the
14:00:25 assessments sorts out, the two downtown TIFs will
14:00:28 expire in the near future, 2013 and 2018.
14:00:32 Another challenge that we look at is dealing with
14:00:38 parking in downtown.
14:00:40 Everybody says how do we better use the city's parking
14:00:44 assets to support development and investment that
14:00:47 wants to come into downtown?
14:00:49 Some of the things we have to look at is where does
14:00:52 that parking need to be located?
14:00:53 And I think we have had ongoing awareness of the need
14:00:57 for additional parking supply in the south part of
14:00:59 downtown, particularly around the area of the south
14:01:02 regional garage.
14:01:06 The third challenge is how do we really get a better
14:01:11 acceleration to create a residential environment?
14:01:14 A pedestrian environment in downtown to support the
14:01:18 new residential properties that are opening up.
14:01:22 Again, looking back at the Curtis Hixon park, we are
14:01:26 looking to begin construction there in January.
14:01:30 We do find additional ways to support the construction

14:01:33 of the children's museum, and the art museum.
14:01:37 Improve Ashley.
14:01:38 And again, the continued public meetings and input
14:01:41 that's coming in with that process.
14:01:44 Finding ways to improve alternate transportation.
14:01:50 Public transportation is a big piece of that, but we
14:01:53 shouldn't forget walking and bicycles.
14:01:55 That also needs to be part of our downtown
14:01:58 environment.
14:01:58 And they will be looking to reopen Massey park and may
14:02:03 even have to look at how we can support, maybe
14:02:06 everyone incent any retail to the area sooner than
14:02:10 later.
14:02:14 These bar charts will show you the escalation of the
14:02:18 TIF revenues coming into downtown.
14:02:21 I will point out to you in the two years, the right
14:02:24 two columns, 2007-2008, that difference reflects
14:02:30 approximately $290 million of new assessed value.
14:02:37 Now, we have done something a little bit different.
14:02:40 Rather than show you a full line item budget at this
14:02:42 point, we have taken our budgets and consolidated them
14:02:46 into four major categories.

14:02:48 And you will see these categories expressed in all the
14:02:51 presentations.
14:02:52 You will see this afternoon.
14:02:54 One of them being capital improvement projects.
14:02:58 This will be kind of traditional infrastructure and
14:03:02 that type of thing.
14:03:03 Redevelopment investment.
14:03:05 Basically, we categorize expenses.
14:03:08 This is where we are putting money in with the
14:03:10 expectation of it generating revenue and coming back.
14:03:17 The fourth category is district programs and services.
14:03:21 This varies from CRA to CRA.
14:03:24 So, for instance, in one place it might be clean
14:03:28 teams.
14:03:28 In another place it might be projects such as in the
14:03:34 Channel District, arts consultants.
14:03:36 It depends on the CRA as to what actually falls into
14:03:39 that category.
14:03:41 And then the fourth category, operation and
14:03:44 administration.
14:03:45 Again you will see these categories with every CRA
14:03:47 presentation this afternoon.

14:03:55 We have a number of things here that have been talked
14:03:59 about, the key challenges that we are going to be
14:04:01 working toward.
14:04:01 And you will see pieces this come into the budgets for
14:04:05 downtown in the upcoming fiscal year 08, such as the
14:04:11 commercial paper, how we have to make sure we allocate
14:04:15 money for the debt service payment, once we draw upon
14:04:18 that.
14:04:19 Massey park.
14:04:20 Multi-space parking meters.
14:04:21 These are all things that we are -- that you will see
14:04:24 reflected in the budgets when you get the line item
14:04:26 budgets.
14:04:30 This is an illustration of the category that I
14:04:34 described to you just a moment ago.
14:04:38 This is downtown.
14:04:39 You will see downtown being somewhat unique from the
14:04:41 other CRAs.
14:04:42 The light blue areas basically reflects the
14:04:48 category -- this is a category of -- let's see,
14:05:00 capital improvement.
14:05:02 And redevelopment.

14:05:03 One thing to particularly note in here, fiscal year
14:05:08 '05 and 06, the two left hand columns, the only thing
14:05:11 there is the debt service for the bond.
14:05:14 It was not until fiscal year '07, this year, that it
14:05:19 there is finally discretionary money to spend from the
14:05:22 TIFs and we expect that also to occur and grow some in
14:05:25 fiscal year '08.
14:05:27 And with that, it leaves you the opportunity for
14:05:30 questions.
14:05:32 >>LINDA SAUL-SENA: Thank you, chairman Scott.
14:05:35 A public of questions, Mr. Chen.
14:05:37 When is the next meeting scheduled about Ashley drive?
14:05:41 >>MICHAEL CHEN: Well, I don't have that scheduled
14:05:44 because that is with the administrator by contract
14:05:49 David bonds.
14:05:50 I will make sure you are posted of that well in
14:05:54 advance.
14:05:54 >>LINDA SAUL-SENA: Thank you.
14:05:56 What I've heard, one of the main things we could do to
14:05:59 encourage retail downtown is to make the property more
14:06:07 affordable for them, the rents lower based on not
14:06:10 having to provide as much parking.

14:06:13 If we are going to truly want to have transit, I hope
14:06:17 that you will really consider doing away with our
14:06:19 current requirements.
14:06:21 We lowered it from 1 -- I think we could let
14:06:28 individual contracts manage on their own and decrease
14:06:32 the cost of construction which would lower the rents
14:06:34 which would encourage retail.
14:06:36 Something to think of.
14:06:37 You don't have to answer.
14:06:38 I just want to throw that out there.
14:06:40 >>MICHAEL CHEN: And if I may add to that, a very
14:06:42 important piece of it is changing the city's policy on
14:06:45 how we manage parking and issue parking permits and so
14:06:48 forth.
14:06:48 That is a key point in all of that discussion.
14:06:50 And that needs to occur.
14:06:54 >>LINDA SAUL-SENA: My last question is, what is the
14:06:56 timing on getting this transportation, parking
14:06:59 transportation study?
14:07:00 When will we let it and when will we get the completed
14:07:04 study?
14:07:04 Because I think that that study will address some of

14:07:07 our concerns about Ashley as it looks at Tampa as
14:07:10 being the major cut-through traffic street.
14:07:13 I think it will address a number of things that we
14:07:15 need to address sooner rather than later.
14:07:18 >>MICHAEL CHEN: A scope of work for that contract is
14:07:20 being reviewed right now.
14:07:24 I would expect that it may be as early as two to three
14:07:28 weeks we could have a near final draft of the scope of
14:07:31 work.
14:07:32 >>LINDA SAUL-SENA: I think it's important that it come
14:07:36 to the CRA to make sure that it truly encompasses the
14:07:39 things that we hear from the public they are
14:07:40 interested in doing.
14:07:42 So before it goes out, it needs to come to us first
14:07:45 for review.
14:07:46 >>MICHAEL CHEN: I think we'll make note of that.
14:07:50 >>MARY MULHERN: On that issue of parking downtown, one
14:07:53 of the small businesses that has a business on Tampa
14:07:57 street suggested to me that we look at the empty lot,
14:08:01 for instance, where the Maas Brothers building was,
14:08:04 that are just dirt, and that are not necessarily going
14:08:06 to be rebuilt or redeveloped anytime soon as temporary

14:08:11 parking.
14:08:12 It might be a little revenue.
14:08:19 >>> We did have a fair number of conversations trying
14:08:20 to eke out even temporary parking opportunities.
14:08:23 That particular site that you mentioned is not owned
14:08:26 by the city.
14:08:27 And so it is something that requires a conversation
14:08:30 and eventually in effect that the owners of that
14:08:33 property has to volunteer for this property to be used
14:08:36 in that way.
14:08:37 But we do have conversations like that to pursue even
14:08:42 temporary sources quite frequently.
14:08:43 >>THOMAS SCOTT: I don't want us to get involved on the
14:08:47 talking issue.
14:08:47 I want us to focus primarily on budgetary issues,
14:08:52 which is the purpose of this workshop today.
14:08:54 I want to stay focused on that if you don't mind.
14:08:57 >>JOHN DINGFELDER: Michael, you might have said this.
14:08:59 But when is the convention center debt retired?
14:09:05 >>MICHAEL CHEN: I think it retires in 2018.
14:09:13 I think it's coincidental with the second CRA.
14:09:18 >>JOHN DINGFELDER: Okay.

14:09:20 You mentioned that as a core consideration, when the
14:09:26 TIFs expire.
14:09:28 I guess you are alluding to the fact that at some
14:09:30 point we might want to consider an extension.
14:09:32 >>MICHAEL CHEN: I would not suggest that at this
14:09:36 point.
14:09:37 Any conversation certainly would be long and evolved.
14:09:42 I think it's important for to us identify what we can
14:09:45 accomplish now, what we have that is evolving on the
14:09:48 table in front of us, if possible, determine if the
14:09:52 existing TIFs and its structure and its longevity can
14:09:55 address the needs of anything in particular.
14:09:58 And perhaps as a last resort, if indeed there is
14:10:02 something unique and something special that you want
14:10:05 to consider that would involve a TIF extension of some
14:10:09 sort, I think that would be a conversation that
14:10:12 probably has to be closely linked with a specific
14:10:15 project rather than just in general.
14:10:19 >>JOHN DINGFELDER: Which leads us to the next core
14:10:23 consideration above that which speaks to the $40
14:10:25 million commercial paper financing.
14:10:31 We now know where we are in terms of what happened in

14:10:37 the past legislative session.
14:10:38 I guess we sort of have to wait and see what's going
14:10:40 to happen in January before we move forward with such
14:10:47 a big financial undertaking?
14:10:49 >>> I have been spend ago great deal of my time
14:10:51 recently with Bonnie Wise to go through with the
14:10:54 projections that serve to underwrite that $40 million
14:10:56 financing tool.
14:10:58 Currently it does appear that the $40 million
14:11:02 financing is viable, and we are looking at some
14:11:05 initial drawdown.
14:11:06 And I would kind of characterize it, I think kind of
14:11:13 put our toe in the water, draw down for a specific
14:11:16 project or two, and then over time, as we get more
14:11:19 definition and clarification where Tallahassee is
14:11:22 going, then we'll continue to draw down as it's
14:11:25 appropriate and available.
14:11:26 >>JOHN DINGFELDER: In the past, Bonnie has shared with
14:11:30 us the projections as the Delta changed between the
14:11:37 convention center debt and the difference in terms of
14:11:42 the total revenue, and that we were starting to see
14:11:45 some really money that we could use.

14:11:47 And I guess that's going to be underlining that
14:11:50 financial $40 million.
14:11:53 >>> I can tell you right now, based on everything we
14:11:54 know under conditions today, there is the suggestion
14:11:59 that the $40 million financing is fully viable and
14:12:01 supportable by TIF funds.
14:12:03 We don't know how things might change in January or as
14:12:09 additional tax reforms in Tallahassee.
14:12:12 >> Then my last question relates to the garage
14:12:16 discussion.
14:12:17 This is financial.
14:12:19 I remember a couple years ago when we sold TGH the
14:12:25 city garage over there, and we grabbed -- sold it for
14:12:31 20 some.
14:12:32 We had to pay off debt and ended up with a pot of X
14:12:36 millions of dollars and I remember the mayor saying
14:12:38 she wanted to set that aside for future garage or
14:12:40 parking endeavor.
14:12:42 Is that what we are alluding to her when we discuss
14:12:46 these different possible garage alternatives?
14:12:51 >>MICHAEL CHEN: What I specifically alluded to there
14:12:54 was the possibilities of using some of the $40 million

14:12:56 commercial paper financing to support some of that, as
14:13:00 well as to find out how we can work with or create
14:13:05 synergistic relationships with private parking that
14:13:10 could support a variety of needs, if you will.
14:13:14 That's what I was referring to in my slide.
14:13:22 >>> I'm not sure Mike was on staff when that occurred.
14:13:25 You recollected right.
14:13:27 We tried to set that aside to really ideally partner
14:13:31 with a private development as to the parking we would
14:13:40 build, use the 5 million very efficiently because as
14:13:42 you might imagine 5 million with downtown land prices
14:13:45 wouldn't get us very far in creating a parking garage.
14:13:48 We have looked at a couple of opportunities but
14:13:50 nothing has worked out quite yet.
14:13:52 But we are confident that that money will be put to
14:13:55 good use in our downtown redevelopment.
14:14:03 >>THOMAS SCOTT: Thank you, sir.
14:14:04 Very good report.
14:14:08 >>> I think our next presenter is Vince Pardo with
14:14:13 Ybor City.
14:14:16 >>VINCE PARDO: Manager, Ybor City Development
14:14:18 Corporation.

14:14:22 We actually have two separate CRAs in Ybor City.
14:14:37 CRA 1, the interior portion that you see there,
14:14:40 stretches from Nebraska over to 26th street to the
14:14:42 interstate, was created in 1988.
14:14:45 It's our second oldest CRA, been functioning since
14:14:49 that time, that CRA will in fact expire in 2015.
14:14:55 I'll deal with that a little later.
14:14:58 The area to the south, the east and the northwest
14:15:02 section of that, is the new CRA, CRA 2 it's referred
14:15:06 to.
14:15:06 As you can imagine, CRA 1 is primarily commercial, CRA
14:15:11 2 is primarily residential.
14:15:13 It's interesting how in 1988 we are going to look at
14:15:15 the needs of that.
14:15:16 It was kind of an economic commercial base and now of
14:15:19 course they realize to support that we need
14:15:22 residential so the two unfortunately did not go hand
14:15:24 in hand originally but we were able to correct that
14:15:27 and create the CRAs in 2005.
14:15:30 The boundaries do in fact, as you notice, go from the
14:15:33 interstate down to Adamo drive.
14:15:36 The jogging on the left-hand side of that, when it was

14:15:40 created we followed what was then historic district
14:15:43 boundaries.
14:15:48 It goes over to 26th street on the east, and
14:15:51 Nebraska Avenue on the west.
14:15:57 Some of the projects, the Wilson Miller project,
14:16:02 distinction in the past year of having two of the
14:16:04 largest engineering firms in the city, in Ybor City,
14:16:09 both Wilson Miller and Heidt & Associates.
14:16:11 Wilson Miller took over an existing facade, $3
14:16:15 million, and restoration and improvements of the
14:16:17 particular building, 125 employees, and several of the
14:16:20 staff there have since become residents of Ybor City
14:16:24 and walk to work.
14:16:24 >>JOHN DINGFELDER: Can you go to the map for one
14:16:27 second?
14:16:28 I wasn't here -- I don't think I was here when you
14:16:31 created the CRA 2.
14:16:33 What year was that?
14:16:35 >>VINCE PARDO: 2004.
14:16:38 >>JOHN DINGFELDER: I just got on.
14:16:40 The bottom jog where it does not hit Adamo, I
14:16:43 remember, I think that was controversial.

14:16:46 But what I'm wondering about is, and maybe times have
14:16:49 changed and maybe it's something we should revisit.
14:16:52 But it seems to me that all those properties that are
14:16:55 carved out that go down to Adamo get the benefit of
14:17:00 everything that the CRA does.
14:17:02 And we had many discussions with those property owners
14:17:06 about their rezoning and about future, you know, major
14:17:09 complexes that might be going there, et cetera,
14:17:11 et cetera.
14:17:12 And it's just a shame that the CRA would miss that
14:17:16 opportunity, and frankly be supporting those
14:17:19 properties.
14:17:20 So I think that in terms of, you know, things to look
14:17:24 at, things to do, and I don't mean to create more work
14:17:27 for legal and you guys, but I think that's something
14:17:30 we need to revisit in terms of possibly adding that
14:17:33 in.
14:17:37 >>VINCE PARDO: I think it's a matter of really
14:17:42 planning.
14:17:42 The times here it was created the property owners were
14:17:46 very opposed to that, when we did the reports for
14:17:49 justification, the justification of the new CRA

14:17:52 referred to as the slum and blight report, as you are
14:17:55 aware, we looked at properties.
14:17:59 As you remember at that time, I mean on the council at
14:18:01 that time, was we were about to be involved --
14:18:05 Commissioner Scott will remember this -- in a lawsuit
14:18:07 with the Hillsborough County government.
14:18:09 And then Mayor Greco and Dan Klemen negotiated and the
14:18:12 negotiation was in fact we would not take those
14:18:16 properties which they were the historic boundaries,
14:18:19 were on the south.
14:18:20 On the north in fact the historic district actually
14:18:22 goes up to Columbus drive and that in fact was not
14:18:25 agreed to by the county.
14:18:26 Ironically when it became part of East Tampa, the
14:18:31 TIF -- went to the CRA instead of Ybor City because
14:18:34 that came out to the decision.
14:18:36 And I think at the time when nobody wanted to go back
14:18:39 to the county, we were happy with the agreement and
14:18:41 didn't want to mess with that particular issue.
14:18:45 >>JOHN DINGFELDER: And I appreciate that, and I am not
14:18:47 looking to any fights.
14:18:48 >>VINCE PARDO: Very evident, yes.

14:18:51 >>JOHN DINGFELDER: Times change, people change,
14:18:55 circumstances change, and I think it's something that
14:18:57 we should perhaps have some discussions about.
14:19:02 I don't feel a lot of activity in that little cut-out.
14:19:06 And I'm not talking about across the street at IKEA.
14:19:09 I'm talking about on the north side.
14:19:11 >>> Sure.
14:19:12 I think we have it identified even in the Ybor vision
14:19:15 plan, it identifies specifically for members that
14:19:18 needs to be readdressed.
14:19:20 That is fourth Avenue. The residential areas will
14:19:23 probably remain primarily residential, commercial.
14:19:26 That area from fourth down to Adamo has the ability to
14:19:29 totally change from what it is today, something
14:19:32 different, because of the heavy commercial use, and
14:19:34 has been for a number of years.
14:19:36 And some of it wants to stay that way but some of it
14:19:38 does not.
14:19:39 So it is a very strategic area.
14:19:41 And part of the big discussions last year, if you
14:19:47 remember.
14:19:52 Okay.

14:19:52 Again, here's a large corporation, consolidated all
14:19:58 the office space in Ybor City and took over a historic
14:20:01 building which they have done a beautiful job
14:20:03 renovating that.
14:20:04 Also an example of new construction with Heidt &
14:20:05 Associates, adjacent to our Ybor garage, 235
14:20:10 employees, $12 million investment in new construction
14:20:13 in the district.
14:20:15 Housing continues to grow in Ybor, both single-family
14:20:20 as well as multifamily, in the last two years.
14:20:23 In the last two years, we had a total of seven new
14:20:26 multifamily projects in the district, approximately
14:20:29 200 units, about $68 million in new investment, and Ma
14:20:37 construction in the district, and in-fill of vacant
14:20:39 lots that are there.
14:20:43 Prices range now in the condominiums from go B 170000
14:20:47 to about $300,000 in price range.
14:20:50 There in Ybor.
14:20:52 Not immediately in the district but very prominent and
14:20:55 adjacent, actually across the street from the
14:20:57 district, is the IKEA project.
14:20:59 $40 million investment, about 29 acres, 400-plus jobs

14:21:05 projected.
14:21:05 The importance here is the synergy of this particular
14:21:09 project will be created and will continue to create
14:21:11 not only for Ybor, the Channel District, but we think
14:21:13 it will spread into Palmetto Beach and the other
14:21:16 communities.
14:21:18 Two national companies who have met with me looking
14:21:20 for property on Adamo drive because just because they
14:21:23 like to be near IKEA.
14:21:25 As simple as that.
14:21:26 And the synergy that a property like this will create,
14:21:30 right at the back door.
14:21:32 I would be remiss if I didn't say we have several
14:21:35 hotel developers that are scouring the district right
14:21:37 now.
14:21:38 We had this about three years ago kind of died down
14:21:42 for awhile, picked up again, very serious people, nice
14:21:46 flag ships, it will be very nice for the historic
14:21:49 district.
14:21:53 Current policies and planning considerations.
14:21:56 I put this number one on the list intentionally.
14:21:58 Maximize the use of the Ybor 1 project exploration for

14:22:02 2015.
14:22:04 Discussions only with our planning committee with, the
14:22:06 YCDC, also the full board, that we need to look at the
14:22:10 entire span from this year to 2015, and with the best
14:22:13 use of those moneys before this particular TIF
14:22:16 expires.
14:22:19 Number 2 is implement division plan strategies as we
14:22:22 have continued to do, but this year with continued
14:22:24 emphasis on crime reduction, on parking strategies,
14:22:27 and retaining and attracting retail businesses.
14:22:31 Strengthening and enforcing wet zone regulations.
14:22:36 Unfortunately or fortunately, what happens in Ybor
14:22:38 kind of goes with the city.
14:22:40 As downtown starts to mature you are going to see more
14:22:42 restaurants and wet zone establishments coming in,
14:22:46 kind of what we experienced in Ybor in the past years
14:22:48 will be lessons learned as we go through this kind of
14:22:51 thing.
14:22:51 As you look at other communities, we are not totally
14:22:54 unique.
14:22:55 It's kind of the life cycle of districts, and the key
14:22:58 is find out where you are and prevent some of the

14:23:00 problems from happening.
14:23:01 And wet zoning by itself is not a 4-letter word.
14:23:05 It's a use that's in that space.
14:23:07 A wet zone establishment could be a fine dining
14:23:10 establishment as well as a nightclub.
14:23:12 We just don't need to overpopulate any one of those
14:23:15 uses.
14:23:15 I think that's the key, to balance it out.
14:23:18 Implementing capital improvement projects that we have
14:23:20 budgeted, the renovations of Centennial Park, East 7th
14:23:24 Avenue streetscape project, constant repair of street
14:23:28 alleys and sidewalks, red bricking wherever possible,
14:23:32 in doing that.
14:23:34 We didn't have the money to red brick all of year
14:23:38 right now.
14:23:38 We have a plan to red brick pedestrian crossings at
14:23:41 this point of time, both in the commercial area as
14:23:43 well as the residential area that is budgeted and will
14:23:47 continue to budget it in the upcoming year.
14:23:50 Also assisting and improving the economic viability of
14:23:53 Ybor by working closely with the projects and owners.
14:23:56 For our key challenges, key challenge number 1.

14:24:00 How did K we improve the city's regulatory policies
14:24:03 governing Ybor City to enhance the reality and the
14:24:06 perception of the quality of life?
14:24:08 Considerations to explore more restrictive ordinances
14:24:11 for entertainment districts, plural, not just Ybor
14:24:14 City.
14:24:15 We have other districts labeled as that in the City of
14:24:18 Tampa, as relates to things such as alcohol, public
14:24:21 nuisances, things of that nature.
14:24:23 Wet zoning is conditional uses permits.
14:24:26 You recently held a workshop on that.
14:24:28 I think this use permits in the future will be very
14:24:30 valuable tool for the city to help keep control of
14:24:34 situations and the new improved establishments.
14:24:40 And also to revisit and take a look at our youth
14:24:43 protection ordinance, AKA, curfew.
14:24:49 David Smith doesn't like that word.
14:24:50 Sorry about that.
14:24:51 But currently operates Thursday and Friday and
14:24:53 Saturday nights for a very good reason, by the chief
14:24:57 and by David when that was approved.
14:24:59 Community is asking why not on Wednesday?

14:25:01 Wednesdays are starting to be repopulated on certain
14:25:04 concert nights in places.
14:25:06 So we will be looking at that.
14:25:07 The community is asking.
14:25:08 We will ask legal to take a look at that.
14:25:12 We want to make sure what we have now will not be
14:25:15 challenged Constitutionally, that would be a big step
14:25:19 backwards.
14:25:20 Number 2, what are the key parking enhancement needed
14:25:23 to support key development?
14:25:26 Address the future development means for east Ybor.
14:25:30 And here on the green, not only the east portion of
14:25:32 the commercial district but also east 22nd street
14:25:34 as well, as commercial establishments especially along
14:25:39 7th Avenue start to go and parking considerations
14:25:42 are doing.
14:25:44 As you think about parking enforcement, does not go
14:25:47 east of 22nd street.
14:25:49 There has not been a need in the past to do that.
14:25:52 So people kind of park kind of in a neighborhood
14:25:55 style.
14:25:55 That may be changing in the future as we see

14:25:58 development occurring.
14:25:59 Financial plans for development developing parking
14:26:02 facilities.
14:26:03 A big strong rental of the vision plan that we would
14:26:05 be in fact hiring a consultant this year, both for
14:26:08 parking as well as for retail involvement, is to come
14:26:11 up with a financial plan for future parking
14:26:14 considerations.
14:26:16 That will be a long-term parking strategy for Ybor
14:26:20 City.
14:26:21 You heard a very similar thing with downtown.
14:26:23 These are the two areas of your city that in fact have
14:26:25 metered parking, we had to pay for parking as opposed
14:26:29 to other areas where you don't.
14:26:31 So this is very, very important factor.
14:26:33 We know especially with the third garage being
14:26:36 proposed on the east side of the district the life
14:26:40 span of TIF, the TIF revenue is not going to pay for
14:26:44 this garage, probably a very small portion of it.
14:26:47 So it's a public-private partnership, maybe
14:26:52 Hillsborough County community college, Sheriff's
14:26:54 Department, talking about their need for parking and

14:26:56 maybe a parking structure to put, maybe partner
14:27:00 long-term with the city.
14:27:02 So we'll be talking with a consultant late they are
14:27:05 year.
14:27:06 Also customer friendliness, always something we have
14:27:08 as far as people doing their jobs, enforcing the
14:27:11 ordinances that are approved but also be friendly to
14:27:13 customers they want to return to Ybor City.
14:27:16 Challenge number 3 is how do we attract new retail to
14:27:19 Ybor City within the -- and retain existing
14:27:23 businesses.
14:27:24 We established this year a retail involvement
14:27:27 committee.
14:27:27 That committee has in fact been bought.
14:27:30 They are looking at retail incentives. The consultant
14:27:32 we bring in along with the parking consultant, one of
14:27:35 the missions will be to come up with some best
14:27:37 practices which work, where shouldn't we incentivize
14:27:41 some detail and we have actually a plan to do that,
14:27:45 that if there is a cost differential between what we
14:27:48 did in August, the cost differential between what's
14:27:52 being asked and what somebody can afford, and if you

14:27:55 want that use there, then maybe for a year, two years,
14:27:58 you kind of incentivize by paying a differential.
14:28:01 So one of the tools we are looking at.
14:28:06 Also in relation to that is the exact of negative
14:28:08 publicity on the business sector and the increased
14:28:12 customer friendly parking policy.
14:28:13 Again parking comes up more and more because you talk
14:28:16 about the internal core CRAs.
14:28:20 Also encourage retail to participate in the district's
14:28:23 marketing program which is established.
14:28:25 Use our logos.
14:28:26 One of the graphics we have in our own advertising and
14:28:29 use the Ybor City brand.
14:28:32 And also build off the IKEA announcement.
14:28:37 Mostly in downtown you see we have an issue actually
14:28:46 1988, discussion came up earlier about the
14:28:48 administrative process and I made a note to myself.
14:28:51 It took eight years.
14:28:53 1988, had eight years before the first dollar outside
14:28:57 of staff was realized for Ybor City.
14:29:01 After that we started to see some projects.
14:29:03 Before that you strictly had staff, office costs and

14:29:05 marketing.
14:29:07 That's all there was in the TIF budget that was being
14:29:09 consumed at that time.
14:29:10 But you see a steady increase for this particular
14:29:13 year.
14:29:14 Ybor 1 has experienced a $62,000, rounding off,
14:29:18 $62,000 decrease in its TIF from '07 to what was
14:29:22 projected for '08.
14:29:24 For Ybor 2, the residential area, there's actually a
14:29:27 38% increase.
14:29:28 So combined, you see we actually have a net decrease
14:29:32 of $23,000 in combined TIFs for Ybor City because of
14:29:36 the actions with the property tax impacts.
14:29:45 As Mike Shannon said with the categories and budgets,
14:29:49 capital projects, things here are things in this
14:29:52 particular area, include the renovation of Centennial
14:29:55 Park, building the restrooms, and the central Ybor
14:29:59 parking garage that we need desperately.
14:30:02 We had that temporary since 2000 when Centro Ybor
14:30:08 opened.
14:30:08 The continued red bricking of surfaces in Ybor City
14:30:14 wherever possible.

14:30:15 Again we budged for that.
14:30:17 Benches, latch post, litter baskets, those kind of
14:30:20 things.
14:30:20 I want to point out a need to replace all benches in
14:30:24 Ybor City.
14:30:24 It's 79 of them.
14:30:25 You want to do that on a wholesale basis, to withstand
14:30:29 parades and all the activity we have there.
14:30:32 Redevelopment investments, consistent -- on a footnote
14:30:37 here, all this is the amount paid out of the tiff the
14:30:40 arrangement with the community, there is as you
14:30:43 remember, in any given year when I'm bringing this
14:30:46 budget, I have two columns.
14:30:47 One is the TIF column and one is the main transfer
14:30:50 column. The main transfer actually supplements the
14:30:53 activities in Ybor City to the tune of $132,000 a
14:30:57 year.
14:30:58 So the net impact on the TIF is the reimbursement is
14:31:02 come from the main transfer fund in any given year.
14:31:05 And again that that is remained constant throughout
14:31:08 the history of that.
14:31:11 We started in 2005.

14:31:13 District programs and services.
14:31:16 Included are consultant for retail and for parking.
14:31:27 Ybor 2, pressure washing that happens down 7th
14:31:30 Avenue on a weekly and monthly basis or Ybor
14:31:32 ambassadors, which is customer friendly, give change
14:31:36 for parking, and best set of eyes and ears I can have
14:31:40 from 10 in the morning to 10:00 in the evening.
14:31:43 For the first time, we in fact are paying for half of
14:31:47 FTE, half of a position so you can continue to have
14:31:50 code inspection in the evening, Fridays and Saturdays
14:31:54 till about 2:00 in the morning.
14:31:55 Of course operations and administration.
14:31:57 As you see here, in Mark's chart for the costs as well
14:32:04 as support services, adding those resources to our
14:32:10 tool chest.
14:32:12 Finally, as far as the charts that you will see, and
14:32:15 you will see this kind of scenario with each one of
14:32:18 the presentations today, capital projects, we will
14:32:22 continue to see increase over what's projected for
14:32:26 next year, the redevelopment, actually decreased the
14:32:30 percentage of the overall TIF being used for that
14:32:33 particular function.

14:32:34 District promotions and services, which actually,
14:32:37 prior to 2005, we didn't have capability until we
14:32:41 changed the plan.
14:32:42 It had to be use Ford infrastructure.
14:32:44 Now we can do the special event coordination we do and
14:32:49 sponsorship and those types of programs.
14:32:52 And actually pretty stable in the budget.
14:32:56 Also stable and also there as the operations and costs
14:33:00 that we are talking about there as well.
14:33:02 And if you have any questions.
14:33:03 >>LINDA SAUL-SENA: In the past, the city spent over
14:33:14 $25 million on parking structures, and in Ybor we
14:33:14 spent it basically off of CBDG money which -- anyway,
14:33:20 it's water under the dam. We made major public
14:33:21 investment in parking.
14:33:22 I think that before we develop any kind of plan for a
14:33:27 parking in east Ybor City, we need to understand that
14:33:31 we have to absolutely protect the street grid of our
14:33:34 national landmark district.
14:33:35 And I think any negotiation should be done with the
14:33:38 CRA involved.
14:33:39 I don't want to hear that the city developed some kind

14:33:42 of plan with the Sheriff's Department that's going to
14:33:44 be -- that's not going to properly respect the quality
14:33:47 of our national landmark historic district.
14:33:50 And I think we need to really discuss what we need to
14:33:53 have happening in east Ybor City.
14:33:55 Maybe it isn't more retail and commercial.
14:33:59 Maybe the office uses and the residential uses are a
14:34:03 healthier way to go.
14:34:04 And I don't think that this decision making should be
14:34:06 done without the active inclusion of the CRA.
14:34:10 And I hope to have that conversation scheduled in the
14:34:12 future.
14:34:16 >>VINCE PARDO: When we get our consultant report back,
14:34:19 the long-term parking strategy for Ybor City.
14:34:21 >>LINDA SAUL-SENA: Wait a minute.
14:34:22 Then let me speak to that.
14:34:23 I think what the CRA needs to be involved with is the
14:34:26 development of the scope for the consultant.
14:34:29 We want to be not in a passive role of getting
14:34:32 reports.
14:34:33 We want to be in the active role of saying what kind
14:34:35 of reports we want developed.

14:34:37 There shouldn't be an assumption here.
14:34:39 There needs to be an active engagement at the front
14:34:43 end before a scope is developed, before we go out
14:34:46 looking for consultants.
14:34:48 I think this is really critical.
14:34:49 And, Mr. Chairman, if you would like to do that as
14:34:52 chairman, I don't know how to go about doing this
14:34:55 because we have always been in such a passive mode.
14:34:59 I would like it to come to us as a course at the
14:35:01 beginning perhaps of our CRA meetings, that any scopes
14:35:04 that are being developed automatically appear on our
14:35:06 agenda under an agenda item called, you know, scopes
14:35:10 of work being developed for contract.
14:35:13 >>THOMAS SCOTT: And I guess our attorneys help on this
14:35:17 issue.
14:35:18 I'm assuming at this point that any work that's
14:35:20 involved with CRA allocation of TIF revenue, then the
14:35:27 CRA agency have involvement within that.
14:35:29 The issue that comes is those service agreements, and
14:35:33 how do they play into all of this?
14:35:35 See, that's the key component of that.
14:35:37 So at some point, that has to be addressed.

14:35:40 Because what you have done, you have given the city
14:35:44 administration the authority to carry out the duties
14:35:47 of the CRA.
14:35:48 Am I interpreting that correctly?
14:35:51 >>SAL TERRITO: Legal department.
14:35:52 Service agreements really is allocating the functions
14:35:56 between the CRA and the city.
14:35:58 The city is your staff, as you know, and you are
14:36:01 delegating to the city certain functions that you want
14:36:03 them to carry out. The key really is the budgets.
14:36:06 The budgets which you approve are what determines what
14:36:10 functions the city staff is going to carry out for the
14:36:13 CRA.
14:36:14 It's really the budgets that are the key.
14:36:16 Because each of the projects spell out in detail and
14:36:19 each dollar amount is associated with that particular
14:36:23 function.
14:36:23 >>THOMAS SCOTT: Well, we might disagree on that now.
14:36:27 I think, though, the CRA agency has a purview how they
14:36:31 structured it.
14:36:33 And I just got here a few months ago, and I think this
14:36:36 counsel or this agency has delegated or signed a

14:36:39 contract to the administration.
14:36:41 Technic, you don't have to do that.
14:36:44 >>LINDA SAUL-SENA: Right.
14:36:46 >>THOMAS SCOTT: That's an agreement between you and
14:36:48 the administration.
14:36:49 Pretty much is based on that CRA agreement, that your
14:36:54 input come from the budget process.
14:36:56 Am I interpreting that correctly?
14:36:58 >>SAL TERRITO: That's what I'm saying, yes.
14:37:00 The two documents have to be read together obviously.
14:37:03 But it's the budget that is control how you want those
14:37:05 dollars spent.
14:37:07 The service agreements cover a lot of the
14:37:08 administrative overhead and a lot of direction is
14:37:11 given in there as well.
14:37:12 I'm not saying they aren't important documents,
14:37:15 because they are.
14:37:15 But you are going to spend X number of dollars on this
14:37:18 project, X number for this particular function.
14:37:20 Those two documents together need to be read together
14:37:22 for the budget that determines how you want the money
14:37:25 spent and where you are going to approve it.

14:37:28 >>THOMAS SCOTT: But what councilwoman Saul-Sena is a
14:37:30 is saying we want to be involved on the front end of
14:37:33 the scope of the RFP and all of that.
14:37:36 >>SAL TERRITO: I'm not saying that's what you should
14:37:39 be doing.
14:37:39 I'm saying that's how it's structured right now.
14:37:42 >>LINDA SAUL-SENA: Mr. Chairman, this is so important
14:37:43 and I'll give you a specific example.
14:37:45 On Ashley drive, that contract is being done by
14:37:48 basically -- it's being led by public works with
14:37:54 transportation engineers fashioning the scope and
14:37:57 direction rather than an urban designer.
14:37:59 If we as a CRA, just for example, said we want an
14:38:03 urban designer in charge of this and we want to see
14:38:05 the scope of work from an urban design perspective
14:38:08 rather than the transportation planning, we would end
14:38:10 up with a different work product.
14:38:12 And I'm saying as I look at this parking garage, as I
14:38:16 look at other things, I want to make sure,
14:38:18 particularly in Ybor City.
14:38:19 I mean all of our CRAs are important but
14:38:21 particularly downtown in Ybor City.

14:38:23 We need to make sure that we are getting what we want
14:38:27 and that we as a CRA are not just delegating this to
14:38:30 the staff, and they are handing to the different city
14:38:33 departments, and that we are not actively engaged in
14:38:37 directing and shaping and overseeing what is done.
14:38:40 I think that's a role that we feel is important.
14:38:42 And that our constituents feel is important.
14:38:47 >>JOHN DINGFELDER: Let me just follow up on that scope
14:38:49 issue.
14:38:50 I think there's an easy solution.
14:38:51 Because, Mark, yesterday I got an e-mail that came out
14:38:55 of the downtown partnership, I think, and it said,
14:38:58 here's the draft scoping for the parking contract that
14:39:06 they were doing.
14:39:07 Please give us your comments.
14:39:08 So these things are floating around for the public to
14:39:13 comment on.
14:39:14 So, therefore, it's an easy solution that we would
14:39:16 just be universally included and regularly included in
14:39:19 that loop.
14:39:20 The other part of this is, when the city enters into
14:39:24 the contract with that vendor, we, with a different

14:39:29 hat on, we vote on that contract.
14:39:32 But that's a little late.
14:39:34 Because you want to see the scoping ---we want to see
14:39:36 the scoping earlier and just have some input.
14:39:39 So, mark, I think that's a good suggestion.
14:39:41 And I hope that whichever hat you have on, you can
14:39:44 carry that out and just, you know, run it by us, we
14:39:52 might not have that much to say but at least we'll
14:39:54 have the opportunity.
14:39:55 The other two things I was going to mention,
14:39:57 Mr. Chairman, in regard to Ybor parking, I have had
14:40:02 occasion, I like to pick somebody up downtown, say
14:40:05 where do you want to eat?
14:40:06 Let's go to Ybor, some nice restaurant.
14:40:09 You know, let's go have lunch in Ybor.
14:40:12 But immediately when I get there, you know, I don't
14:40:16 have any quarters in my pocket and that sort of thing.
14:40:19 I'm just wondering, is the revenue that we generate
14:40:22 during daytime, and working, the weekdays and daytime?
14:40:27 I think that the city could -- this is not necessarily
14:40:30 a CRA issue, it's a city issue because it's city
14:40:33 revenue.

14:40:33 But I think with our different hats on, we need to
14:40:36 visit that hand Mr. Hand.
14:40:38 So maybe you can come back and give us that
14:40:40 information from the parking department on what is the
14:40:42 weekday revenues, daytime revenues especially, from
14:40:46 parking, and why don't we just start waiving that to
14:40:50 encourage people to do, you know, what I was talking
14:40:53 about?
14:40:54 So that's just a suggestion.
14:40:55 And then the other thing I wanted to say for anybody
14:41:00 who is watching or perhaps is new to this board, when
14:41:02 you talk about the redevelopment investment, and then
14:41:07 the TIF payment of $200,000, the code word is Centro
14:41:14 Ybor.
14:41:15 I just wanted to get a confirmation on that.
14:41:17 Because really, it's government in the sunshine.
14:41:19 We should say what it is, and that's what it is.
14:41:22 It is what it is.
14:41:23 >>THOMAS SCOTT: Councilwoman Mulhern.
14:41:29 >>MARY MULHERN: I know you didn't want me to talk
14:41:31 about parking but it keeps coming up.
14:41:33 And what John says, I think we need -- some of these

14:41:37 CRAs downtown and Ybor especially have some very
14:41:40 similar problems or challenges, and we need those
14:41:48 incentives to park downtown at night, and to park in
14:41:52 Ybor during the day, because we want Ybor to be more
14:41:55 than a night scene and we want people to stay here in
14:41:59 downtown at night.
14:42:00 So that is another problem that people have that they
14:42:04 are not going to drive downtown to have dinner, or do
14:42:07 anything, when they know they have to, you know, can't
14:42:10 find a parking spot and have to pay for parking.
14:42:14 It would encourage retailers in restaurants to stay
14:42:17 open later if we did have -- and bars downtown which
14:42:24 may be a good thing to have some happy hour as opposed
14:42:26 to all the drinking going on in Ybor.
14:42:29 I'm just thinking a lot of these CRAs have very
14:42:32 similar issues.
14:42:32 I would like us to look at all of those together.
14:42:36 And on that same note, you talked about a retail
14:42:43 incentive.
14:42:44 And did you say you had an advisory committee or task
14:42:47 force or something?
14:42:52 >>> The nonprofit that is we work with.

14:42:54 >> So your board has that?
14:42:55 >>> We have like several committees.
14:42:57 >> Because that's another thing that I think that all
14:42:59 of you Channelside, downtown, a lot of the CRAs need
14:43:04 that, too.
14:43:05 So maybe the other maybe CRAs need to look at that
14:43:10 as an example if they are not already doing that.
14:43:15 >>THOMAS SCOTT: One last question and then move to the
14:43:16 next CRA because I am trying to keep us on track here.
14:43:19 That is that the CRA now spends a lot of money on
14:43:23 capital projects, right?
14:43:25 >>VINCE PARDO: Yes.
14:43:27 >> And what percentage of that, minority vendors, are
14:43:31 getting in the MBE component, SBE?
14:43:36 You are spending quite a bit of money here.
14:43:39 And I'm wondering, you know, as these projects go out,
14:43:43 are they going out, and the MBE, SBE policy is in
14:43:49 effect there?
14:43:50 >>MARK HUEY: Redevelopment projects are treated the
14:43:55 exact same way all city CIP projects are.
14:43:59 So they go through the same WMBE process.
14:44:04 If that answers your question.

14:44:06 There's nothing different.
14:44:07 We don't treat in any way redevelopment projects
14:44:09 differently than we do any expenditure of public
14:44:11 funds.
14:44:12 >>THOMAS SCOTT: Let me see that in writing in terms of
14:44:17 how many dollars --
14:44:20 >>MARK HUEY: Okay.
14:44:22 I don't have any percentage information.
14:44:23 But --
14:44:24 >>THOMAS SCOTT: Get that to me later, okay?
14:44:35 >>> Channel District.
14:44:37 >>> Good afternoon again.
14:44:41 This is a map of the Channel District boundaries, that
14:44:45 you will see boarded by the water on the south, and
14:44:48 the east, the Crosstown expressway to the north,
14:44:51 Meridian to the west.
14:44:54 I guess if there's a reference point, you look at the
14:44:57 lower right-hand corner where the boundary takes a
14:45:02 turn.
14:45:02 That would reflect the Channelside Bay Plaza.
14:45:07 For those of you that didn't know, that's the new name
14:45:09 of the Channelside mall.

14:45:11 Channelside Bay Plaza.
14:45:13 Then just next to that the Florida Aquarium.
14:45:26 >>THOMAS SCOTT: What was the date that this was
14:45:28 established, this CRA area?
14:45:31 >>> 2003, I believe.
14:45:33 Scott cot thank you.
14:45:33 >>MICHAEL CHEN: The project to highlight to you, the
14:45:37 towers of Channelside, which is 260 units, with about
14:45:41 40,000 square feet of retail, value on that about $115
14:45:46 million.
14:45:48 The next would be Grand Central on Kennedy, 392 units,
14:45:56 170,000 square feet of retail and commercial space,
14:46:00 $126 million project.
14:46:03 I want to point out to you the lower right-hand
14:46:05 corner, you see a moving van.
14:46:09 This is actually people moving in.
14:46:12 So I want to point that out.
14:46:14 [ Laughter ]
14:46:17 >>THOMAS SCOTT: I thought they were leaving.
14:46:20 >>> No, they are not leaving.
14:46:21 The next project is seaport Channelside, apartment
14:46:27 project this year, 422 apartments, approximately $85

14:46:31 million project.
14:46:34 This is the Slade.
14:46:40 The Slade is a project that is just starting to turn,
14:46:46 280 units, about 10,000 square feet of retail, value
14:46:49 of about $84 million.
14:46:51 This is "The Place," 245 units, approximately 11,000
14:47:01 square feet of retail.
14:47:03 A value of about $93 million.
14:47:07 We got one that's just breaking ground versus "The
14:47:10 Place" which is just starting to go up, being on the
14:47:14 same slide.
14:47:15 And I will also mention, there's not a picture of it
14:47:18 but you have 170 units and about $65 million of value.
14:47:26 As in other areas we have strategic planning and
14:47:29 priority consideration.
14:47:32 Right at the top of that page is the strategic action
14:47:34 plan, in the Channel District that was approved by
14:47:37 this CRA board in May of 2006.
14:47:41 We are initiating the design and engineering of the
14:47:45 infrastructure system. That contract is under
14:47:47 negotiation.
14:47:49 And the next piece is we really need to make the

14:47:54 adoptive changes to the building codes to reflect the
14:47:58 recommendations in the plan.
14:48:00 This will create a legal foundation on which to base
14:48:03 your zoning decisions.
14:48:09 >> Enhance.
14:48:12 It's already been created, I'm sure.
14:48:16 >>> I stand corrected.
14:48:17 >> There you go.
14:48:18 >>> There has been discussion of remedial projects.
14:48:21 Earlier today I gave you an update on the remedial
14:48:24 projects in the area.
14:48:26 Two of them are finished.
14:48:28 I will tell you we are about a week to ten days away
14:48:30 from the third remedial project beginning.
14:48:33 It should be complete approximately four to five weeks
14:48:36 after starting and that will completely expend the
14:48:39 remedial projects budget for fiscal year '07.
14:48:44 And then the arts consultant, we are continuing to
14:48:50 negotiate a scope of work for them, and in fact just
14:48:53 last week, there was a rather extensive conference
14:48:56 call for them to clarify some information and points
14:49:00 in their proposal.

14:49:14 One of the key challenges here is making sure that we
14:49:17 work together with all the stakeholders to achieve the
14:49:20 best master plan for the city-owned land on the east
14:49:24 side of the Channelside Drive.
14:49:26 This is a major cost of approximately 7 acres.
14:49:31 I will tell you that there is a wide range of
14:49:34 stakeholders that will have an interest in this.
14:49:38 Just as wave already heard of a wide range of uses
14:49:43 that people have interest to appear on our property.
14:49:46 And what's interesting, all of that discussion will
14:49:48 have to be grounded in where are the stormwater vaults
14:49:52 going to be located?
14:49:54 Because there's a limited use that you can design on
14:49:57 top of a stormwater vault, and yet the entire
14:50:00 stormwater, the vaults for the entire stormwater
14:50:04 system of the district will occur along the city and
14:50:08 Portland east of the Channelside Drive.
14:50:12 Which someone added a picture for me.
14:50:19 Next is what kind of strategies can we use to
14:50:24 accelerate the infrastructure system?
14:50:27 Among the things that we are identifying in the
14:50:29 strategic action plan, not only is it important to

14:50:32 design, upgrade the capacity, rebuild the
14:50:36 infrastructure systems for the growth in the district,
14:50:39 but it's also important to satisfy the uses that are
14:50:42 already there.
14:50:43 So we need to accelerate the design and construction
14:50:47 of those systems as quickly as possible.
14:50:50 I will point out a rough estimate on the cost of those
14:50:53 systems, $115 million.
14:50:58 Just kind of a mathematical comparison, fiscal year 08
14:51:02 TIF funds, $1.5 million.
14:51:04 A little bit of math will tell you it could take a
14:51:07 long time to get that done.
14:51:10 Therefore, we need to prepare ourselves to perhaps
14:51:13 look at bonding the TIF revenues, perhaps starting in
14:51:17 fiscal year 09.
14:51:20 And if that -- I am going to relate back to some of
14:51:23 those projects I mentioned with these really enormous
14:51:26 values coming on.
14:51:27 We won't see the value of those in this upcoming year.
14:51:31 Those values will hit the fiscal year 09 TIF revenues.
14:51:36 Okay?
14:51:37 And then finally, we need to do everything we can to

14:51:40 create public-private partnerships to where possible
14:51:44 we can encourage developers to undertake some
14:51:48 construction of the systems, even if it means at some
14:51:51 point we would come around and create a reimbursement
14:51:54 of future TIF revenues just so that they help us carry
14:52:00 the financing in the front end.
14:52:01 And then there's a real balance to be achieved here.
14:52:04 There's no question we have people living in the
14:52:06 district, and the district needs improvement today.
14:52:10 All right.
14:52:10 And yet every dollar that we divert from the
14:52:13 short-term needs and investment, it will lengthen the
14:52:18 time it takes us to build the permanent infrastructure
14:52:23 systems that are so necessary in the district.
14:52:25 And just as an example, I did a little bit of
14:52:28 mathematics for you in that third bullet point.
14:52:31 $100,000 of annual TIF revenue generates $1.1 million
14:52:36 of bonding capacity.
14:52:38 Okay?
14:52:39 So that's a balance that we are going to have to work
14:52:42 with and achieve as we discuss the line item TIF
14:52:47 budgets for next year.

14:52:50 The next will show you the growth of the TIF revenues
14:52:52 starting with the first revenues appearing in 2005 and
14:52:58 growing to 2008.
14:53:01 2008 is approximately $1.5 million.
14:53:03 I will point out to you that this four years
14:53:05 represents a growth of about $135 million of assessed
14:53:09 value.
14:53:11 You I am going to go back, okay?
14:53:15 Towers of Channelside, $115 million.
14:53:17 Grand Central, $126 million.
14:53:19 The Place, $93 million.
14:53:23 Ventana, $65 million.
14:53:26 Any one of these projects could represent the growth
14:53:28 of the district has experienced over the last four
14:53:31 years.
14:53:32 So we do have some exciting times coming.
14:53:34 And there will be money if we manage our resources
14:53:38 well and plan for how we achieve the necessary
14:53:41 balances.
14:53:44 Again, the breakdown between capital improvements,
14:53:49 reinvestment, district programs, and operations, and
14:53:53 the illustrated version.

14:53:56 In the next slide you will see the dark blue areas of
14:53:58 those columns.
14:53:59 This is all the typical infrastructure.
14:54:03 So you see the bulk of revenues in the Channel
14:54:06 District for several years are being used for the
14:54:09 structure system.
14:54:10 And with that, I open up for any questions you may
14:54:12 have.
14:54:12 >>THOMAS SCOTT: Any questions?
14:54:16 Councilwoman Mulhern.
14:54:18 >>MARY MULHERN: I don't know if I'm called a
14:54:20 stakeholder, but recent conversation I have had with
14:54:27 people who have bought condos in Channelside, but are
14:54:32 ready to move in, and part of the problem is there's
14:54:34 nowhere to walk their dog, and nowhere to buy
14:54:38 groceries, which I know will eventually there will be
14:54:41 a grocery store there.
14:54:43 But when I look at that city land all I can think of,
14:54:45 I wasn't here when you did your strategic action plan
14:54:48 last year, but we really need green space down there.
14:54:51 We need parks and green space.
14:54:55 And I don't think it's going to fill up and it's going

14:54:57 to work as an urban neighborhood if it continues to
14:55:00 just have towers, and nowhere for anyone to walk.
14:55:09 >>MICHAEL CHEN: And again I will open up any
14:55:11 indication of whatever time you have available, I
14:55:12 would very much like the opportunity to go through the
14:55:15 strategic action plan with any council members who
14:55:17 weren't here at the time it was going on, or just
14:55:20 would like some refreshing on it.
14:55:22 But I will tell you, the strategic action plan does
14:55:25 contemplate one of the larger community parks in the
14:55:28 district to occur in that city-owned land area.
14:55:32 And, frankly, I mentioned the limited usage you can
14:55:36 put on top of a stormwater park, that a park is one of
14:55:40 them.
14:55:40 So it may be going hand in glove at some of the
14:55:44 required uses of that land work very well with some of
14:55:46 the things we want to see happen there.
14:55:49 >>THOMAS SCOTT: Councilwoman Saul-Sena, then
14:55:52 councilman Caetano.
14:55:54 >>LINDA SAUL-SENA: As we look at our fourth Fridays
14:55:58 when we have additional time to -- I meant Thursdays,
14:56:05 to have public meetings and things, I think that we

14:56:08 need a public meeting on that city-owned land.
14:56:11 I'm fearful.
14:56:12 Candidly, I'm fearful that the city staff might
14:56:18 develop something with a developer and then come to us
14:56:21 and the neighbors as an after-thought.
14:56:23 I'm just fearful because I've experienced this in the
14:56:26 past, not that with this administration but previous
14:56:30 administrations.
14:56:30 I feel like this land is so important to the people
14:56:32 who live there, to the aquarium, to the future of the
14:56:36 whole Channel District, that I want to make sure that
14:56:38 sooner rather than later we schedule a meeting about
14:56:41 what should happen with this land.
14:56:42 It could be under the CRA or it could be under
14:56:45 council.
14:56:46 But I think we need to be thinking about this now, and
14:56:50 the land is the yellow land on page 30 and I think we
14:56:53 need to have everybody's input before some kind of
14:56:56 anything gets negotiated.
14:56:58 >>THOMAS SCOTT: Mr. Caetano.
14:56:59 >>JOSEPH P. CAETANO: Mr. Chen, the property appraiser
14:57:03 sets the value on these properties, correct?

14:57:06 Usually based on the construction price?
14:57:08 Because we don't have any market analysis to compare
14:57:10 with.
14:57:11 Because you don't have previous sales in that area.
14:57:15 >>MICHAEL CHEN: Oh, you're talking about the values I
14:57:18 associated with the new projects coming on?
14:57:21 >> Right.
14:57:21 >>> There's areas of transition.
14:57:23 I think initially as projects come online they are
14:57:26 recorded as a construction cost.
14:57:28 And then as the unit actually sold the assessor's
14:57:33 office changes the portfolio data per unit as the
14:57:36 closing acquisitions occur.
14:57:40 >>JOSEPH P. CAETANO: Right.
14:57:40 Because what happens a lot of times the property
14:57:42 appraiser will put a value on something, but in
14:57:44 reality, it's going to be based on the income
14:57:47 approach, because the property is not going to bring
14:57:51 people in there like Mrs. Saul-Sena said, we need to
14:57:54 lower the rents.
14:57:55 But with the cost of construction, it's pretty hard to
14:57:58 lower the rents, because I know in the shopping center

14:58:01 that I'm in, originally sold for $12 million.
14:58:04 Ten years later it sold for $21 million.
14:58:07 So what happens to the tenants there?
14:58:09 Your cost of your insurance goes up, the property
14:58:12 appraiser comes out, and reassesses the property.
14:58:17 >>> Correct.
14:58:17 Actually, we spend a lot of time trying to monitor the
14:58:19 activity with the county appraiser's office database.
14:58:26 We try to market when and how it goes from a
14:58:31 construction-base add assessment to the closing
14:58:34 assessment.
14:58:34 We watch that very closely.
14:58:39 >>JOSEPH P. CAETANO: The price you anticipate does
14:58:41 not -- not what you are going to get in your TIF
14:58:44 revenue.
14:58:45 >>> It's all based on the refuse estimate of the
14:58:48 construction cost.
14:58:49 That's what the numbers reflect.
14:58:50 And if I may, in regards to the planning for the
14:58:53 public land, among the things that are included in the
14:58:56 scope of work being discussed with Wilson Miller for
14:58:59 the systems engineering, is that they would run --

14:59:04 conduct a series of public meetings, in association
14:59:07 with the planning of use for the city's land on the
14:59:12 east side of Channelside.
14:59:13 So this is something that we already contemplated
14:59:16 being very out in the open, and involving a series of
14:59:19 public meetings that would come with it.
14:59:22 As I said, though, the first step of that is to
14:59:25 identify engineeringwise where the stormwater vault
14:59:31 lead the rest upon that land, and then with that we
14:59:33 can then work with the public to design uses in space
14:59:37 that's desirable there.
14:59:41 >>THOMAS SCOTT: Councilman Dingfelder, shall then we
14:59:43 need to move to the next presenter.
14:59:44 >>JOHN DINGFELDER: The downtown -- what do we call it,
14:59:48 the $40 million commercial paper financing, you know,
14:59:52 tentative or perspective for downtown, we don't refer
14:59:57 to that, that's a possibility for Channelside.
14:59:59 And I don't know, Mike or Dave or anybody else who is
15:00:06 financially oriented, why wouldn't we look at that as
15:00:09 possibly an option?
15:00:10 >>MICHAEL CHEN: I think we'll look at it but one of
15:00:12 the challenges that the Channel District will have

15:00:14 versus where it was able to be underwritten for
15:00:16 downtown, downtown had a very long historical trend of
15:00:23 the growth of the TIF and therefore gave it some
15:00:26 dependability for where it would be tracking through
15:00:27 the future.
15:00:28 In Channel District, it's only been there since '03
15:00:32 generating its first revenue in 05, and I think we'll
15:00:38 have to use different methods of TIF projections to
15:00:41 generate it underwriting for a bonding capacity of
15:00:43 Channel District, because it will have more limited
15:00:46 historical trend to the.
15:01:11 >>> Happy to be here to talk to you about Drew Park.
15:01:14 The Drew Park CRA is about 150 acres and it is bounded
15:01:18 on the north by Hillsborough Avenue, on the south by
15:01:21 Tampa Bay Boulevard, on the east by Dale Mabry, and on
15:01:24 the west by the corridor.
15:01:39 The HCC has a development that will soon be home to
15:01:42 400 HCC students probably by the end of this year,
15:01:46 well under construction.
15:01:53 Next we had signed solutions.
15:01:55 That is a current business and operating in
15:01:57 Carrollwood that is relocating to Drew Park on the

15:02:00 corner of Martin Luther King and church and they are
15:02:03 very excited to be there and be part of the Drew Park
15:02:06 community.
15:02:08 Next is an example of some speck development which is
15:02:11 a combination warehouse and office in Drew Park.
15:02:18 Finally, this is a very recent addition, and this is
15:02:20 coastal construction.
15:02:21 They are a commercial construction distributor,
15:02:25 construction project distributor, and that is a
15:02:28 building that is 22,000 square feet and currently has
15:02:31 22 employees.
15:02:32 On the corner of Osborne between Hubert and Thatcher.
15:02:40 As to current priorities and planning considerations,
15:02:43 as you know the Drew Park strategic action plan was
15:02:45 completed and was approved by the CRA back in March.
15:02:49 We are now looking at having a multi-year action plan
15:02:54 and a blueprint for our activities for the next one to
15:02:57 five years. The other good thing about the action
15:02:59 plan is that it provided sample and model budget to
15:03:02 guide us in our budget planning for the next five
15:03:05 years.
15:03:05 So very helpful.

15:03:07 Another priority is the additional study that we feel
15:03:10 we need to do concerning land use changes in Drew
15:03:15 Park. The strategic action plan recommended
15:03:18 potentially changing land use zoning in an area
15:03:22 currently industrial, primarily what I call the
15:03:24 northeast quadrant, and of course we know that when
15:03:27 you contemplate land use changes, there are lots of
15:03:30 considerations that go along with that, certain
15:03:33 concerns that go along with it.
15:03:35 Now we are stepping back and looking at studying that
15:03:38 a little bit more, and also looking at the potential
15:03:43 need for transition plan if we do move forward with
15:03:45 those changes.
15:03:48 The major project that will be going on in Drew Park
15:03:51 over the next several years are the improvements to
15:03:53 the stormwater system.
15:03:55 There is considerable flooding in the area,
15:03:58 particularly again in the northeast quadrant, and of
15:04:00 course there are large open ditches, particularly
15:04:03 along Lois and other parts of Drew Park.
15:04:06 So that project is a major one, 25 to $30 million.
15:04:12 It will require that a funding plan be in place, and

15:04:15 enough TIF revenues to assist with the bond.
15:04:19 Finally, we are -- I'm happy to report, we have been
15:04:22 in a planning mode for the past 18 months or so with
15:04:25 the strategic action plan.
15:04:26 So now we are in the area in the time where we are
15:04:30 moving to implementation.
15:04:31 So that is where our focus is going to be over the
15:04:34 next coming year in implementing our neighborhood
15:04:37 improvements that are going to be both to that
15:04:41 existing residential neighborhood and also CRA-wide
15:04:43 as.
15:04:44 And some of those things include stronger adult use
15:04:49 compliance, more crime prevention activities, stronger
15:04:52 code enforcement, beautification of Drew Park.
15:04:56 We also need parks and open space.
15:04:58 As you know, Cardellia Hunt relocated to Al Lopez
15:05:03 park, Drew Park is without its own park and open space
15:05:05 within the district.
15:05:06 So that's something that we are looking at, and of
15:05:08 course affordable housing.
15:05:13 Some of our key challenges.
15:05:15 First of all, how can the city best work to help

15:05:18 organize the residential neighborhood that is there
15:05:21 and create a productive relationship with both
15:05:24 for-profit and not-for-profit developers that would
15:05:27 produce affordable housing and neighborhood
15:05:29 improvement?
15:05:30 And keep in mind that residential is scattered
15:05:33 throughout Drew Park, sometimes in quite unlikely
15:05:35 places.
15:05:36 But when I talk about the residential area, I'm really
15:05:40 targeting the area that is south of Martin Luther King
15:05:44 and west of Lois.
15:05:45 That is primarily all residential in that area.
15:05:50 Some of the considerations that go along with that
15:05:53 challenge are, in Drew Park, there is quite a bit more
15:05:57 rental than owner occupied housing.
15:05:59 So that is always a challenge when you are trying to
15:06:02 coalesce and organize individuals.
15:06:05 There is some apathy among some residents, again a lot
15:06:09 of them are renters, and some of them have a
15:06:13 perception of neglect by the city over the years, and
15:06:15 then of course with the airport taking over a
15:06:18 substantial part of Drew Park, a lot of residents and

15:06:21 businesses have had to move out of Drew Park.
15:06:24 So this has caused some issues among the residents.
15:06:28 And, of course, as with all the areas wave to deal
15:06:30 with escalating land and development costs.
15:06:37 Our next key challenge deals with how we can best work
15:06:40 strategically with the private sector to simulate
15:06:43 investment in Drew Park.
15:06:44 Certainly, we realize that developers at this point
15:06:46 are deterred by developing in Drew Park because there
15:06:49 are impediments.
15:06:52 First there is a very limited availability of large
15:06:55 sites.
15:06:55 It all has to be put together parcel by parcel and
15:06:59 that's a challenge for any developer.
15:07:04 The city doesn't control any major redevelopment sites
15:07:06 so we would very much like to, but that doesn't exist
15:07:09 at this point.
15:07:09 We are in discussions, for example, with the school
15:07:12 board.
15:07:12 They have a large tract of land over ten acres in Drew
15:07:15 Park.
15:07:15 And we are in discussions with them about the

15:07:19 long-term use of that property and where they might
15:07:22 locate, and how we might use that property to better
15:07:25 advantage.
15:07:26 There are no immediate projects on the Verizon.
15:07:32 Certainly we have had the housing projects, the HDC
15:07:36 housing project but in terms of value kinds of
15:07:39 catalytic projects, we are not quite there yet.
15:07:42 And of course we are looking at the best way to
15:07:46 customize incentives to generate private investment.
15:07:52 Looking at our trend of TIF revenues, Drew Park is a
15:07:58 relatively new CRA so our revenues are limited but we
15:08:01 are showing a good upward trend.
15:08:07 Finally we come to the breakout of our budget and
15:08:09 particularly the FY-08 budget and you will see a
15:08:13 strong, strong emphasis on district programs and
15:08:17 services which is reflecting what I mentioned earlier
15:08:20 about all the various programs that we are going to be
15:08:23 instituting to upgrade the appearance on the quality
15:08:26 of life and the desirability of Drew Park.
15:08:29 And then of course you have other line items dealing
15:08:31 with capital improvement, which most of the
15:08:35 neighborhood infrastructure types of things and then

15:08:37 finally the redevelopment investment which is a
15:08:40 combination of economic development, potential land
15:08:43 acquisition, and affordable housing, all kind of
15:08:46 rolled into one.
15:08:47 So that gives you a quick summary of our preliminary
15:08:51 FY-08 budget.
15:08:56 And then that is reflected in the bar chart.
15:08:58 And again the emphasis on the pink with the district
15:09:03 programs and services.
15:09:08 Before I take questions, I do want to acknowledge I
15:09:10 have my board chairman here, Ron Rotella, also in the
15:09:13 audience.
15:09:13 I wanted to acknowledge that.
15:09:16 Happy to entertain any questions.
15:09:18 >>CHARLIE MIRANDA: I just want to make a statement,
15:09:20 Mr. Chairman.
15:09:23 Mrs. Fenton has been very forthright and truthful
15:09:26 about what she did in Drew Park.
15:09:28 I have concerns about Drew Park, because every part of
15:09:30 the city is different.
15:09:31 No component of the city is all the same.
15:09:35 We would all be wearing the same colored clothes and

15:09:37 so forth.
15:09:38 It's very different because it's always been a mixed
15:09:40 light industrial use, and they are good, hard-working
15:09:44 people, they try to do the best, they ask very little
15:09:47 of government, and they have necessities and services
15:09:51 that a lot of parts of the city don't offer to
15:09:53 anybody.
15:09:55 There used to be a mattress factory there.
15:09:58 A new building that was mentioned in the report, all
15:10:00 of them can't be in the report, just two blocks west
15:10:03 of signed solution, a brand new 22,000 square foot
15:10:06 building, all fiber optics and everything else.
15:10:09 It has not been rented for the last four or five
15:10:12 months that I have seen.
15:10:15 The talk about Drew Park is very interesting to me,
15:10:19 because I've learned from history, you can't make
15:10:22 something out of something that doesn't want to be
15:10:25 what it is.
15:10:26 Meaning this.
15:10:28 Ybor City was always residential.
15:10:30 We tried to change the complexion of Ybor somewhere
15:10:33 down the line, rightly or wrongly, to an entertainment

15:10:37 center.
15:10:37 That didn't go very well.
15:10:39 It wasn't a complete failure, because if you look at
15:10:42 the surrounding areas, what happened?
15:10:44 It came back just like it was, more and more and more
15:10:47 residential.
15:10:48 And that's what's going to be the success of Ybor
15:10:51 City.
15:10:54 There were no failures in Ybor City.
15:10:56 There was also no big winners.
15:10:58 Let me go back to Drew Park.
15:10:59 Drew Park is boarded on the east by Dale Mabry.
15:11:02 From Tampa Bay to Hillsborough Avenue.
15:11:05 It is being now compressed on the west by the airport
15:11:12 from the Westshore all the way down to Hesperides.
15:11:17 And correct me if I am wrong.
15:11:18 I'm going by memory.
15:11:19 In heated days like this, my suntan fire it is
15:11:25 one-cell brain I have.
15:11:26 So it brings in that complexion.
15:11:29 It just forms it to a little more tighter and more
15:11:33 knitted community.

15:11:34 And I have never called anywhere else but I would
15:11:37 imagine that Drew Park doesn't have 30-owner occupied
15:11:41 residence.
15:11:43 You are right, there is a lot of mixed use.
15:11:45 If you look at housing, I may not like what's there.
15:11:49 But now what?
15:11:50 That is true affordable housing.
15:11:52 They live well.
15:11:55 We don't treat them as well as we should.
15:11:57 And to change Drew Park is going to take something in
15:12:00 my mind, for my vote, anyway, I can't speak for
15:12:03 others, Drew Park had a unique situation back in the
15:12:06 '80s.
15:12:07 I don't remember what year but there was an election
15:12:09 held in Drew Park.
15:12:10 And they voted themselves to go light industrial.
15:12:13 Am I correct?
15:12:16 >>> That's what I have been told.
15:12:18 >> That's what I remember, yes.
15:12:19 And they changed their own zoning.
15:12:20 Drew Park at that time did that because of the
15:12:25 odd-shaped lots, they were pie-shaped lots and all

15:12:29 kinds of things, and during the military years, that's
15:12:31 where the base was at, drew field.
15:12:33 And these were things that happened during my time,
15:12:38 and hopefully it can be resolved while I am still
15:12:41 here.
15:12:41 But Drew Park needs assistance.
15:12:45 It doesn't need drastic change.
15:12:46 Let me say what I mean by that.
15:12:49 We go out there.
15:12:50 We give have been a citation for code enforcement.
15:13:02 That's fine. But we should say, let's give them a
15:13:05 low-interest loan, let's help them to make it a nicer,
15:13:09 fresher looking place to live for all these commercial
15:13:11 avenues in Drew Park.
15:13:13 And that's a concern that I have.
15:13:14 I don't want to spend hundreds of millions of dollars
15:13:18 and then, because of the compression of both sides,
15:13:22 sports venue on one side, with a lot of traffic, I
15:13:25 guess Dale Mabry may be one of the heaviest traffic
15:13:29 streets in Florida, and the compression of the airport
15:13:32 west to east from Westshore to Hesperides.
15:13:37 Those are my concerns about Drew Park.

15:13:40 I'm willing to see if their ideas are better than
15:13:44 mine.
15:13:44 But I am not going to support too much of changes in
15:13:46 Drew Park from what it is to all residential, because
15:13:50 those individuals, some individuals have 100
15:13:53 employees, 24 hours, 6.5-day workforce.
15:13:59 There must be thousands of employees in Drew Park that
15:14:02 were not taken into account, if something else changes
15:14:05 there.
15:14:05 And those are the things that I would like to see
15:14:07 happen.
15:14:08 If we change something here, we lose the respect and
15:14:12 the dignities of those people who worked so hard to
15:14:15 accommodate and feed their families for so many years.
15:14:18 And they need assistance.
15:14:20 They don't need change.
15:14:21 Thank you.
15:14:24 >>JOHN DINGFELDER: Charlie, when council adopted the
15:14:30 strategic plan, it was right during the transition.
15:14:34 It was the end of the last -- right before you guys
15:14:38 came on.
15:14:38 And at that time there was a handful of industrial

15:14:43 property owners, not many, but a handful, and they
15:14:46 showed up, and they said, you all moving too fast,
15:14:50 et cetera, et cetera.
15:14:52 CRA adopted it anyway, over their objections and over
15:14:56 my objections.
15:14:57 I had some concerns.
15:14:58 I thought we were moving too fast and not really
15:15:00 listening to those property owners, those small
15:15:02 businesses who were there in Drew Park.
15:15:05 And specifically what we are talking about is -- and
15:15:08 when you all look at the strategic plan you will see
15:15:10 there's a corridor running north-south that has been
15:15:13 theoretically designated as future multifamily.
15:15:20 But it's not residential today at all.
15:15:22 What it is is a hodgepodge of various businesses.
15:15:25 But as Charlie said, there are functional businesses.
15:15:29 They have been employing people for years and they
15:15:31 will continue.
15:15:33 I have a couple of problems with it.
15:15:35 For one thing, we are losing land right and left.
15:15:40 In my district, for example, all across South Tampa,
15:15:42 we are losing industrial and commercial properties to

15:15:45 residential.
15:15:46 Down in Port Tampa, south of Gandy, along Westshore.
15:15:49 It's converting.
15:15:52 Anyplace that's industrial-commercial, boom, it's gone
15:15:54 and converting to multi-family.
15:15:56 It's all fine and good.
15:15:58 That's the market.
15:15:58 But I think that Charlie is right.
15:16:00 I don't think the city needs to necessarily go up into
15:16:02 Drew Park and say, you know, we want to encourage the
15:16:10 lots of industrial commercial, because pretty soon we
15:16:12 have an entire city that's filled with people living
15:16:15 but there's no opportunity to work, especially
15:16:19 opportunities forts middle class to work.
15:16:21 We might have lots of white collar jobs downtown and
15:16:24 Westshore, but not necessarily places where people,
15:16:28 you know, weld and fix cars and that sort of thing.
15:16:31 So it's a discussion for another day, Mr. Chairman,
15:16:36 respective to the financial issue.
15:16:37 But I'm glad you brought it up, Charlie, because I had
15:16:41 reservations back in March that I stated on the
15:16:43 record.

15:16:43 I assumed, well, we can always amend the strategic
15:16:46 plan.
15:16:46 And I think that we need to revisit that portion of
15:16:50 the strategic plan before we get into major tasks
15:16:54 talking about rezoning and that sort of thing, because
15:16:57 we want your time spent in the best way it can,
15:17:03 Jeanette, and if council is not game for that
15:17:06 multifamily, then we shouldn't waste our time spinning
15:17:09 our wheels talking about the change in the comp plan
15:17:13 and the change in the rezoning that that would
15:17:15 require.
15:17:17 We have to have a lot more public input on this before
15:17:19 we move anywhere.
15:17:24 >>MARY MULHERN: I just wanted to add one thing to the
15:17:26 choir.
15:17:27 Basically had the same feelings that John and Charlie
15:17:29 have.
15:17:29 And I know people who had small businesses there, and
15:17:32 that is one area where if you're a small family
15:17:36 business that you can afford to rent, and you can
15:17:39 afford to find a place for, you know, one of them does
15:17:44 mail order shipping and they have a small business and

15:17:46 they can afford to do it there so I think we do really
15:17:48 need to think about that, keeping the jobs here, and
15:17:51 especially because they are smaller businesses that
15:17:53 tend to employ people.
15:17:58 >>THOMAS SCOTT: Council, my goal was to get us out of
15:18:00 here by 3:30 and no later than a quarter till.
15:18:03 We have three other presentations.
15:18:05 So if I cut you off, please understand I am trying to
15:18:09 get through this whole process.
15:18:10 We have to hear from the public.
15:18:13 3:30.
15:18:14 A quarter to four.
15:18:15 So if you don't mind, thank you very much.
15:18:20 Do you have anything else?
15:18:24 >>> Jeannette: There is a contract now on the
15:18:27 building on Martin Luther King, the one that you had
15:18:29 talked about.
15:18:30 I am not going to say anything publicly because they
15:18:32 haven't closed yet there have in reality been a couple
15:18:36 of contracts that have fallen through.
15:18:38 We are very optimistic about that building.
15:18:40 It was set to close in August.

15:18:42 It would be a very good addition if this business does
15:18:45 indeed move here.
15:18:46 And again just acknowledging your concern.
15:18:49 This is what the Drew Park advisory committee had many
15:18:55 in-depth discussion busy because they do share the
15:18:57 concerns on the current businesses, and also
15:18:59 preserving their ability to be there in Drew Park.
15:19:04 One of the things that we are looking at is not
15:19:06 necessarily just residential.
15:19:08 Remember, it would be a mixed use type of environment.
15:19:10 So it would be residential, office-profession, and
15:19:14 also, frankly, potential of them perhaps being able to
15:19:18 relocate from one area of Drew Park that was
15:19:20 industrial to the other area that will remain
15:19:23 industrial but maybe in a more upgraded type of
15:19:26 facility.
15:19:26 So these are all very good points, and we are going to
15:19:29 give them much further consideration.
15:19:32 Thank you.
15:19:32 And now I'm happy to turn it over to Ed Johnson to
15:19:35 talk about East Tampa.
15:19:37 >>THOMAS SCOTT: Okay.

15:19:38 >>JOHN DINGFELDER: Here's ed!
15:19:48 >>> Ed Johnson, manager for East Tampa development.
15:19:53 Depicted next on the -- if I can get this thing
15:19:59 working right -- is our map of East Tampa, to kind of
15:20:03 reiterate where our boundaries are, Hillsborough
15:20:06 Avenue is our northern boundary, southern boundary is
15:20:08 interstate 4, the western boundary is interstate 275,
15:20:12 the eastern boundary goes all the way over to city
15:20:15 limits which runs from Hillsborough down to Martin
15:20:17 Luther King along 50th street, and then from
15:20:20 Martin Luther King down to the interstate, encompasses
15:20:24 Grant Park which goes over to 56th street.
15:20:30 >>THOMAS SCOTT: Which is the largest CRA.
15:20:32 >>> This is from what we are told, Mr. Chairman, this
15:20:34 is the second largest CRA in the United States.
15:20:37 Encompasses 7.5 square miles, and obviously it also
15:20:42 brings it with some unique challenges.
15:20:45 >>JOHN DINGFELDER: What's the population roughly?
15:20:48 >>> Roughly around 35,000 folks at this time.
15:20:52 The photo that you see up here right now is the photo
15:20:55 of the Meridian point apartments.
15:20:57 This was developed on the old win ducks I site up

15:21:00 along north Hillsborough Avenue, 360 units of
15:21:05 multifamily rental, about a $32 million project.
15:21:09 This is one of three actual tax credit affordable
15:21:13 rental projects that is either constructed or under
15:21:16 construction in East Tampa for about a total value
15:21:20 about $75 million.
15:21:22 In value on property.
15:21:25 The next one is kind of a collage of several different
15:21:35 investments that have taken place in East Tampa.
15:21:37 The top right, the Ross department store came in to
15:21:40 replace Albertson's in the east gate shopping center.
15:21:44 That was a $5 million retrofit to that facility.
15:21:47 The B and D grocery in the middle, that was the old B
15:21:51 and D grocery store that was kind of in disrepair for
15:21:56 a number of years.
15:21:56 Group in New York invested $4.5 million and completely
15:22:00 renovated the store.
15:22:01 They are contemplating doing additional retail
15:22:03 development along their eastern boundary of the
15:22:06 property, because it does have some capacity to do
15:22:09 some other retail.
15:22:11 And then down on the lower corner is the Sweetbay.

15:22:14 That was about a million and a half of renovation from
15:22:17 the old Kash N' Karry store.
15:22:22 Right now, we are looking at approximately $175
15:22:26 million in new project investment that has already
15:22:28 taken place into this CRA.
15:22:33 The top priorities and planning consideration going
15:22:38 forward for 2008 were all under the movement towards
15:22:46 the community strategic action plan.
15:22:48 We are hoping to have our action plan completed by
15:22:50 spring of '08.
15:22:52 As a result of that creation of that action plan, will
15:22:57 probably result in some modifications to our
15:22:59 recommended TIF budget that is we are bringing forward
15:23:01 in '08.
15:23:03 Next up, large-scale structure projects will also be
15:23:06 identified in the plan, that will also require a long
15:23:09 range funding strategy.
15:23:11 And that could either be by bonding, and Mike Chen
15:23:15 talked to you earlier about even some potential line
15:23:18 of credit type products that might be used to be able
15:23:21 to produce some funding strategy.
15:23:24 Also, we are continuing to coordinate the

15:23:26 implementations of our ongoing capital improvement
15:23:29 projects.
15:23:30 As an example, the district 3 police headquarters is
15:23:34 nearing completion.
15:23:35 Several of the officers already started moving in this
15:23:37 past weekend.
15:23:38 The retention pond beautification project, we are
15:23:42 anticipating that that project will start construction
15:23:45 in two weeks.
15:23:47 Also, the streetscaping of 22nd street.
15:23:49 We just write let a contract for architectural design,
15:23:53 and engineering for streetscaping of 22nd, from
15:23:57 21st Avenue up to Dr. Martin Luther King
15:24:00 Boulevard.
15:24:00 Also, the continuation of our neighborhood
15:24:04 infrastructure projects.
15:24:06 Chief program expenditures also includes clean city
15:24:10 differentiation which has a summary youth component.
15:24:13 This year we have 66 students that are -- youth that
15:24:17 are actually working in the community this summer.
15:24:19 Some of those students end up having long-term
15:24:21 employment as a result of their work.

15:24:24 Also, we funded environmental program that is
15:24:31 exceedingly successful.
15:24:32 Since January they had some 34 arrests for illegal
15:24:35 dumping.
15:24:36 Several of those are felony charges.
15:24:40 Also, housing rehabilitation program to the tune of a
15:24:47 little over $1 million to date, and that is rehabbing
15:24:51 low and moderate-income individuals for rehabilitation
15:24:53 of existing housing stock.
15:24:56 Also, we are busy coordinating the implementation of
15:24:59 our new $400,000 brownfield environmental assessment
15:25:02 program grant.
15:25:04 As you recall, we successfully applied a few years
15:25:08 ago, that grant sun sets end of this fiscal year, but
15:25:15 Weaver we were successful in obtaining $4, 000,000
15:25:18 grant which will take effect October 1.
15:25:20 So we are in the process of putting the work plan
15:25:23 together for those dollars.
15:25:25 So we are leveraging our work efforts to be able to
15:25:30 bring other dollars to our CRA efforts other than TIF.
15:25:36 Items of key challenges that face East Tampa.
15:25:40 First question is bonding.

15:25:43 Near term opportunity in East Tampa.
15:25:46 We believe it is.
15:25:47 Some of the conversations, of course, we have a
15:25:49 significant TIF growth anticipation.
15:25:53 We have 26 years remaining on our TIF.
15:25:56 However, our TIF is still young for underwriting
15:25:58 purposes.
15:26:00 It's too new to obvious establish a track record and
15:26:04 also the uncertain property tax environment that we
15:26:06 live in.
15:26:07 However, bonding could also be used for large scale
15:26:12 structure and public realm enhancement and also be
15:26:15 used for land assemblage.
15:26:18 I like to always say, he who controls the dirt
15:26:21 controls the deal.
15:26:23 Key challenge number 2.
15:26:24 What is our best approach for incenting quality
15:26:27 private investment?
15:26:29 Consideration.
15:26:30 We currently worked on development incentives on a
15:26:33 project by project basis.
15:26:36 I would like to change that a little bit.

15:26:38 What we are being told from the private sector
15:26:40 developers that I have been in conversations with,
15:26:42 along with our strategic planning consultant, they are
15:26:46 telling us that quality development follows quality
15:26:52 structure improvement.
15:26:53 You put your money in structure, they will be around
15:26:56 to make investments back into these areas, where we
15:26:59 are showing we are using good public dollars to
15:27:02 improve the infrastructure.
15:27:09 Speeding the regulatory improvement process may
15:27:11 represent an opportunity.
15:27:12 Land control again can create good incentive
15:27:15 opportunities, and obviously very expensive.
15:27:19 If -- it's not craft -- if not crafted very well some
15:27:23 programs can be abused.
15:27:24 Administratively burdensome and enrich land owners
15:27:27 rather than incent users.
15:27:29 Those are the pros and cons.
15:27:31 Key challenge number 3.
15:27:32 What is our best approach for creating jobs in East
15:27:34 Tampa?
15:27:37 Considerations.

15:27:39 The area's unemployment rate is approximately 11.8%.
15:27:50 Obviously, it's a lot higher than the city's
15:27:52 unemployment rate.
15:27:53 For obvious reasons.
15:27:54 But we see the 40th Street corridor, and also see
15:27:58 Hillsborough Avenue as major job attracters.
15:28:01 Obviously to the north of Hillsborough Avenue, with
15:28:04 the reconstruction of 40th Street, University of South
15:28:08 Florida which is one of our major employers to the
15:28:10 north.
15:28:11 We also have to the south of East Tampa, you have the
15:28:14 city and you have the port.
15:28:16 So we are sitting right in the middle of two or three
15:28:19 major job employers.
15:28:20 So we see East Tampa being an area with proper
15:28:25 incentives we could possibly bring about some new
15:28:29 business for job creation.
15:28:32 Obviously TIF cannot be used to create a jobs program
15:28:35 that pays TIF dollars for incenting, TIF dollars for a
15:28:42 job that you create.
15:28:43 However, TIF can be used to support a company's
15:28:47 off-site infrastructure.

15:28:49 Stormwater retention, which can be conveyed to the
15:28:51 public, sidewalk improvements, lighting programs,
15:28:54 things of that nature that can assist the investor.
15:29:00 TIF could also be used to better connect residents to
15:29:03 major employment centers.
15:29:05 As an example, you could actually utilize TIF funding
15:29:08 to create a circulatory transportation system within
15:29:12 the neighborhood.
15:29:14 In other words, systems that can move folks from the
15:29:18 inner city cores to the major transportation nodes.
15:29:25 And the last key challenge number 4, what are the best
15:29:27 strategies for encouraging affordable housing in East
15:29:31 Tampa?
15:29:33 Consideration: Is this a new term priority?
15:29:37 At what level of TIF funding should be invested in
15:29:42 affordable housing?
15:29:44 Declining city resources that were mentioned earlier,
15:29:48 land available, federal home and state SHIP,
15:29:52 affordable housing, funding continuing to be reduced.
15:29:57 TIF currently supports single family affordable
15:30:00 housing rehab.
15:30:01 We have done that program over the last three or four

15:30:04 years.
15:30:05 And very successful.
15:30:07 Single-family affordable housing is nearly infeasible
15:30:11 given current land and construction costs.
15:30:17 The last one here is, if multifamily is the only
15:30:20 sustainable approach to affordable housing in the
15:30:22 future, a new vision of integrating density into
15:30:26 neighborhood development will be necessary.
15:30:29 As you recall, we have had a couple of developments
15:30:33 that were at the higher density level with trying to
15:30:36 introduce townhouse development into East Tampa to be
15:30:38 able to create some affordability for different types
15:30:42 of products of that nature.
15:30:44 So we need to pay particular attention to that going
15:30:48 forward.
15:30:55 The first revenues came in in 2005.
15:30:57 As you can see it's been a steady increase in the TIF
15:31:01 for East Tampa.
15:31:02 It started in 2005 at a 1.1 million, increased to FY
15:31:10 08 to 6.3 million.
15:31:16 And as in the previous presentation, here's kind of a
15:31:20 history of how we utilized our TIF funding in those

15:31:24 four categories that were explained earlier.
15:31:26 I would like to highlight that in 2008, preliminary
15:31:30 budget, we'll be looking at beautification of major
15:31:37 corridors, where we like to spend our dollars going
15:31:40 forward.
15:31:40 Again neighborhood infrastructure projects that relate
15:31:43 to sidewalks, road improvement, things of that nature.
15:31:47 Housing rehab loans have been very successful and very
15:31:55 requested by members of this community.
15:31:57 Land assemblage, a major component that we would like
15:31:59 to see more dollars invested in to be able to acquire
15:32:04 the kind of properties that will attract developers to
15:32:07 our area.
15:32:08 And a continuation of our retention pond,
15:32:10 redevelopment program and also the successful
15:32:18 environmental clean-up and enforcement procedures that
15:32:20 we have.
15:32:20 And pictorially, how this played out in previous
15:32:26 presentation it is majority of money over four years
15:32:30 of this TIF is largely spent either on capital
15:32:32 improvement projects, or redevelopment investment.
15:32:36 Investment is starting to play a bigger role, but

15:32:40 mainly it's been used in capital improvement projects,
15:32:42 and plans and services.
15:32:47 Very small amount of money in comparison to the
15:32:49 overall budget and useful operation.
15:32:53 We think we have been pretty conservative along that
15:32:55 line.
15:32:57 I'll open up for questions.
15:32:59 >>THOMAS SCOTT: Any questions?
15:33:03 Okay.
15:33:03 Very good presentation.
15:33:04 Thank you.
15:33:10 >>> Next up will be Mr. Michael hatchet for Tampa
15:33:12 Heights, and Central Park.
15:33:15 >> Michael hatchet, manager for the Heights for the
15:33:29 Central Park CRA.
15:33:31 We will begin our presentation this arch with the
15:33:33 Heights.
15:33:34 On the slide before you is redevelopment highlights to
15:33:37 share with you.
15:33:37 It's been an exciting year for us, that the left hand
15:33:40 photograph is a rendering of the Charles Ferguson law
15:33:44 center located on the Stetson campus on North Tampa

15:33:47 Street.
15:33:48 And the other photo is a rendering of the bush law
15:33:52 firm being constructed at north Highland and
15:33:55 Henderson.
15:33:55 Both than on track to be occupied by the end of the
15:33:59 calendar year.
15:34:00 Looking at our current priorities and planning
15:34:02 considerations, it's good for us to be able to share
15:34:06 with you that we have the Heights development
15:34:07 agreement that was approved last year that we are
15:34:10 working to implement.
15:34:11 The Heights project as you know is a 1900-unit
15:34:15 residential mixed use master plan community comprised
15:34:19 of about 265,000 square feet of office retail and
15:34:22 commercial, under the terms of the development
15:34:25 agreement, we will be contributing up to 74% of future
15:34:31 TIF revenues for that project so you can see we have
15:34:33 made quite a significant investment into the
15:34:35 redevelopment of this neighborhood.
15:34:37 Along with that, we are working currently to complete
15:34:40 the city develop a real estate transaction, also
15:34:43 contemplated in the development agreement.

15:34:44 The city owns nine parcels within the redevelopment
15:34:47 site, one of which contains the historic water works
15:34:50 building.
15:34:50 We are working on an agreement with the developer to
15:34:54 enter into an exchange agreement for city lots for
15:35:00 property that the developer owns along the
15:35:01 Hillsborough River, on which he will be constructing
15:35:04 the Tampa riverwalk, and dedicated to the city.
15:35:07 We are also working to achieve the start of
15:35:09 construction of infrastructure, the Heights arrive
15:35:13 walk and the rehabilitation of the historic pumping
15:35:15 station, you are familiar with the water works
15:35:18 building.
15:35:18 Good progress is being made on all of those points.
15:35:20 We are also taking appropriate actions to use the
15:35:23 Heights project to lure additional private sector
15:35:28 investment to the Tampa Heights neighborhood.
15:35:40 Challenge 1.
15:35:40 How can the city best support the construction of the
15:35:42 Heights project in light of current and non--- near
15:35:46 term market conditions?
15:35:47 We are all aware there has been a slowdown in the

15:35:49 residential market which has had an impact on the
15:35:52 timing as some of the elements of the implementation
15:35:55 of the Heights project.
15:35:56 So we are keeping that in mind as we are aware of
15:35:58 that.
15:35:59 And with that, that does raise for us the possibility
15:36:02 that we might consider into the future of amending the
15:36:05 interlocal agreement, financial agreement that we have
15:36:07 with the developer and the CDD to allow for additional
15:36:13 mechanisms to help support the project should that be
15:36:15 necessary.
15:36:25 Secondly how should we maximize potential by the
15:36:29 Heights project?
15:36:29 Some things to keep in mind as we address that
15:36:32 progress, Tampa Heights CRA is located completely
15:36:34 within the confines of the Tampa Heights neighborhood
15:36:36 association boundaries.
15:36:38 They are one of the few neighborhoods in the city that
15:36:42 has an adopted neighborhood plan.
15:36:44 That's a very active community, a lot of great people
15:36:47 and stakeholders in the neighborhood who are concerned
15:36:49 about the implementation of that plan as it relates to

15:36:52 the Heights project.
15:36:54 So we are working with them.
15:36:55 We are also working currently with some development
15:36:58 interests in the redevelopment of Franklin Street
15:37:01 between I-275 and Palm Avenue to the north.
15:37:05 And as we think about planning in this general area,
15:37:08 thinking about potential uses of and impacts on the
15:37:11 Hillsborough River.
15:37:13 As we continue to redevelop in this neighborhood.
15:37:22 Looking at the history of the TIF, fiscal year 06 was
15:37:25 the first year of TIF revenue in the Heights project
15:37:28 started at about 7,000, has grown to just shy of
15:37:33 200,000 in fiscal year '08.
15:37:39 Looking at the history and the categories that have
15:37:41 been proscribed in 06 and 07, we see dollars going
15:37:46 towards services, for financial consulting services
15:37:51 that the city entered into contracts with to get
15:37:54 assistance that we needed to make the Heights
15:37:57 development agreement a reality.
15:37:59 Also, in the same year dollars necessary to support
15:38:02 the CRA office.
15:38:04 Looking forward into '08 and beyond will be

15:38:08 significant amounts of investment into the capital
15:38:10 aspects of implementing the Heights development
15:38:12 agreement, and then dollars necessary to support the
15:38:19 office.
15:38:21 Shown graphically, there's some dollars again in the
15:38:23 first two years of significant portion of dollars
15:38:26 going towards district programs and services,
15:38:30 administration, and starting in '08, being able to
15:38:33 have funds available to support the implementation of
15:38:35 the Heights project, paying bond debt service.
15:38:40 I'll pause before going to Central Park.
15:38:45 >>THOMAS SCOTT: Questions.
15:38:46 Any questions?
15:38:48 >>> Very well.
15:38:49 Central Park is our newest CRA created last year.
15:38:51 It's 143 acres, positioned between downtown and Ybor
15:38:55 City, bound by Nuccio, 7th Avenue, Nebraska,
15:38:59 interstate 4, interstate 275, Orange Avenue, and
15:39:03 roughly Cass Street to the south.
15:39:06 Our current planning priorities and consideration,
15:39:10 this year, we do look to complete the Encore, which is
15:39:23 the official new name of the Central Park Village.

15:39:26 We do look to complete that development with the
15:39:29 development team this year and to support that
15:39:30 development progress.
15:39:31 We are about one quarter of the way through in the
15:39:35 creation of the strategic action plan for the entire
15:39:38 CRA.
15:39:38 Looking for it being completed.
15:39:43 Looking to create redevelopment strategies for
15:39:45 city-owned land that we have in the area and also keep
15:39:55 in mind as we go forward with the challenges we have,
15:39:58 the TIF revenue in Central Park is extremely limited.
15:40:04 One of our challenges, our questions, is how should
15:40:07 the city deploy its Nebraska lots.
15:40:11 This is the graphic of the parcels located to the
15:40:13 north of the CRA.
15:40:14 North of 7th Avenue, west of Nebraska, over to the
15:40:17 interstate, within --
15:40:20 >>JOHN DINGFELDER: What color are the city lots?
15:40:22 >>> Within this graphic the parcels that are blue and
15:40:25 red are owned by the city.
15:40:26 The ones that are blue have use restrictions, the
15:40:34 darker blue.

15:40:36 The 25 dark blue and then three or four red parcels.
15:40:39 All of those are owned by the city.
15:40:41 The ones of particular concerns are the dark blue.
15:40:44 The reason being they have had use restrictions and
15:40:47 timeliness issues that we need to address if those are
15:40:50 deployed.
15:40:51 Other items that we are thinking of, or that wave to
15:40:54 keep in mind with the deployment of these localities
15:40:58 is the impact of the Encore development and any other
15:41:01 development that we would promote within the district
15:41:04 would want to be complementary to and supportive of
15:41:07 the Encore development.
15:41:09 In conversations recently, there's just a limited
15:41:12 interest in the development community at present to
15:41:15 engage these properties, and also with all of the
15:41:19 concerns in Central Park with the absence of TIF
15:41:25 revenues it makes it very difficult for the office to
15:41:27 require some of the surrounding properties that people
15:41:29 might be willing to speak with us about so that we can
15:41:32 have a larger assemblage and not have scattered sites.
15:41:36 So that is something that we are working with.
15:41:45 How should the city address existing businesses?

15:41:48 Considerations here, as you know, the Central Park
15:41:50 Village complex is almost through with the relocation
15:41:55 process.
15:41:56 There have been some concerns expressed from business
15:41:59 owners, particularly along Nebraska, about losing the
15:42:04 customer base and also the declining income that
15:42:06 results.
15:42:06 We also know that through the CRA plan that City
15:42:10 Council approved last year, that we are planning for
15:42:13 significant increases in market rate housing and
15:42:16 trying to increase the median income in the area, so
15:42:20 that creates an uncertainty for the long-term
15:42:24 viability of the existing businesses.
15:42:26 I know that there's also a reluctance within the
15:42:29 private lending institution to provide assistance to
15:42:31 some of these businesses, to carry them through to
15:42:34 transition and planning period.
15:42:35 Again the absence of TIF revenue that confronts us.
15:42:40 We do not have resources available to provide that
15:42:45 assistance at present, and also a question that
15:42:49 remains with us is what exactly will the vision of the
15:42:51 strategic action plan be in terms of the types of

15:42:54 businesses that should be supported and retained in
15:42:57 the area.
15:43:03 Third, given limited foreseeable TIF revenue what
15:43:07 other tools and strategies can the city use to
15:43:10 encourage positive redevelopment?
15:43:11 As you would likely get, had to do some borrowing from
15:43:17 the city's general fund just to give birth to the CRA
15:43:20 and to fund some consultant services needed to help
15:43:23 support the creation of the Encore development.
15:43:27 That number is roughly $310,000 to date.
15:43:31 Also, because of limited TIF revenue, there is not the
15:43:37 ability to use TIF revenue to entertain conversation
15:43:41 for public-private partnerships.
15:43:43 It's very limited at the moment.
15:43:46 It pose as challenge as I mentioned earlier for trying
15:43:48 to acquire additional properties that the city might
15:43:50 be interested in.
15:43:52 The resources simply are not there.
15:43:54 The Encore is unlikely to produce discretionary TIF
15:43:59 revenue.
15:43:59 But on the positive side there are some regulatory
15:44:01 tools such as our land use codes and zoning codes that

15:44:05 can be used to help shape adjoining redevelopment and
15:44:09 help get some TIF energy going in the area.
15:44:14 Budget history this year is our first year for funds
15:44:19 in Central Park, expressly $46,000 and looking forward
15:44:25 into next year, there is a bit of decline down to
15:44:29 roughly 40,000.
15:44:31 And the uses over time are shown here.
15:44:35 District programs and services in '07.
15:44:39 Again these were dollars expended for financial
15:44:42 consultants in helping us craft the development
15:44:44 agreement in support of the Encore development,
15:44:46 dollars needed for the office, and looking forward
15:44:51 into next year simply because of the very limited
15:44:53 amount of TIF resources that are available, even with
15:44:57 the sharing some costs with the Heights is necessary.
15:45:03 The dollars go to support administration and
15:45:06 operation.
15:45:06 Questions?
15:45:07 >>JOHN DINGFELDER: Michael, first I have to say,
15:45:12 39,000, that's kind of pitiful.
15:45:18 But seriously, on page 52, you showed a very colorful
15:45:23 picture of the city lots, and I was just wondering,

15:45:28 Sal, if the CRA identified certain lots that were
15:45:31 potentially for sale, could the city acquire them, and
15:45:37 then later sell them to the CRA?
15:45:42 Let the CRA get some money?
15:45:44 >>SAL TERRITO: Sell them to the CRA?
15:45:47 >> The city can acquire them --
15:45:49 >>SAL TERRITO: The city could acquire them, and then
15:45:51 sell them to the CRA, also a private developer would
15:45:52 have an option at that point.
15:45:53 >>JOHN DINGFELDER: I was just thinking, if there's
15:45:55 land assemblage opportunities now, you know, the
15:45:58 property is only going to go up.
15:46:00 So maybe we need to be taking advantage of those with
15:46:02 our city, and effectively lending that pitiful CRA its
15:46:09 money.
15:46:09 >>SAL TERRITO: You could have the city acquire them
15:46:14 through borrowed money from the city. There's several
15:46:14 ways of doing that.
15:46:16 >>JOHN DINGFELDER: I just hope we don't miss out on
15:46:18 any opportunities that are there, because we have, you
15:46:21 know, those nice blue lots and then a few scattered
15:46:25 gray lots.

15:46:26 I don't know what they are.
15:46:31 Anyway, you get my point.
15:46:36 >>MARY MULHERN: I just had a suggestion.
15:46:38 As far as the businesses that are losing business
15:46:40 because of the relocation, this deal that's happening
15:46:46 with Bank of America may be interested in lending to
15:46:50 them.
15:46:51 >>> Could be a possibility.
15:46:53 >>MARY MULHERN: That's part of, you know --
15:46:57 >>THOMAS SCOTT: I guess the question I have, and we
15:46:59 need to move quickly.
15:47:01 The question I have, is Central Park the only CRA
15:47:05 that have to borrow money from the general fund?
15:47:09 >>> No. They did the same thing in the Heights.
15:47:20 When they are new and they have no funds and we are
15:47:23 trying to give birth to a major project such as the
15:47:25 Heights project or the Encore development.
15:47:31 >>JOHN DINGFELDER: I think Mike is the Rodney
15:47:33 Dangerfield, has no respect.
15:47:36 >>MARK HUEY: TIF revenues are part of what we do and
15:47:40 this maybe dramatized it most significantly.
15:47:43 As we have worked as hard on these particular CRAs

15:47:47 as any.
15:47:47 And it really isn't about the TIF revenues at this
15:47:50 point.
15:47:53 Trying to work out a partnership with very significant
15:47:58 project.
15:48:01 >>THOMAS SCOTT: Okay.
15:48:03 No other questions.
15:48:03 Thank you.
15:48:05 That's our presentation on these 7 CRAs.
15:48:08 Very good.
15:48:09 >>MARK HUEY: Thank you.
15:48:10 I do want to especially thank some of the team that's
15:48:13 worked very hard on this.
15:48:16 David Parkinson and our new financial analyst Julie
15:48:19 Wisdom who joined us and already having a great impact
15:48:23 on the team, so we appreciate your hard work on this.
15:48:25 Thank you.
15:48:27 And I know we have given you a lot.
15:48:29 But there's one thing I also wanted to give you that I
15:48:31 think will be helpful.
15:48:33 We presented our budget on the slide, on our history
15:48:36 in a summary format, because when we provide you more

15:48:39 detail, you can't really see it.
15:48:41 So what we provided is some additional information
15:48:44 that might be helpful in your preparation over the
15:48:48 coming months.
15:48:48 It gives you more detail on the line items that were
15:48:51 spent historically on the CRA budget.
15:48:57 >>JOHN DINGFELDER: If you're entertaining any
15:49:04 additional discussion sort of in the form of new
15:49:07 business.
15:49:08 It was very well organized, informative and needed,
15:49:10 and I would like to hopefully speak for all of the
15:49:14 board and say thank you.
15:49:16 I think that was an excellent presentation.
15:49:20 Two sort of off-agenda items that I want to mention,
15:49:26 was in terms of board governance, advisory board
15:49:29 governance.
15:49:31 >>THOMAS SCOTT: Before we go to the new business, I
15:49:34 would really like to take care of the agenda portion.
15:49:36 The next couple of items are very important.
15:49:37 Service agreement and the draft board policy and
15:49:42 special meeting for the central Ybor.
15:49:44 We really need to do that.

15:49:45 >>JOHN DINGFELDER: Maybe mine will come under advisory
15:49:49 board policy.
15:49:50 Go ahead.
15:49:50 >>THOMAS SCOTT: We need to take up the issue now of
15:49:52 the service agreement.
15:49:57 Do you want to do it?
15:49:58 >>> Yes.
15:49:58 Our goal today, we are going to present to you in
15:50:01 August with your budget package service agreement.
15:50:05 This year was an exception.
15:50:06 We didn't do it that way, and we will certainly not do
15:50:11 that again.
15:50:12 So you will be able to approve the budget and the
15:50:13 service agreement together.
15:50:15 So in anticipation of drafting those over the coming
15:50:19 months, we would like to get your input today, or
15:50:21 subsequently if would you like to call me and talk to
15:50:24 me about input would you like to have for the service
15:50:26 agreement, so that the draft that we bring to you can
15:50:29 include any thoughts of --
15:50:33 >>THOMAS SCOTT: Come back to us August 16th
15:50:35 according to the --

15:50:38 >>> That's right.
15:50:39 >>THOMAS SCOTT: Just one question and this goes back
15:50:41 to councilman Linda Saul-Sena's issue and that is the
15:50:45 RFP process.
15:50:47 Does the service agreement preclude that coming to the
15:50:49 board prior to?
15:50:52 >>MARK HUEY: No, I think what John described seems to
15:50:58 make sense and whether you want to memorialize that in
15:51:00 the agreement or to that as a matter --
15:51:03 >>THOMAS SCOTT: I want to mach sure from a legal
15:51:05 standpoint that we can have those, the scope and all
15:51:10 coming before us prior to, on the front end as
15:51:14 opposed --
15:51:15 >>MARK HUEY: Yes, we'll do that.
15:51:17 So you're saying you would like to memorialize that in
15:51:20 the agreement.
15:51:20 >>LINDA SAUL-SENA: Yes.
15:51:23 >>MARK HUEY: Okay.
15:51:23 We'll put some language into that.
15:51:26 >>THOMAS SCOTT: Those all I had.
15:51:27 Anyone else?
15:51:29 Or you can call him and add additional comments.

15:51:33 Okay.
15:51:34 Draft advisory board policy.
15:51:40 And this today not supposed to take any action but for
15:51:43 us to read through and get up to speed on and making
15:51:47 any corrections.
15:51:49 >>MARK HUEY: That's right.
15:51:51 You had a very extensive work session on the advisory
15:51:53 board policy last month.
15:51:56 At the end of that work session, you asked us to take
15:51:59 the input that we had received, and we took the input
15:52:02 from the board from some of the speakers who shared
15:52:04 and digested that, and have recrafted the advisory
15:52:08 board policy to reflect what we thought was the best
15:52:11 input.
15:52:13 It is now for you to read through the input and
15:52:20 changes, everything is red-lined and deletions
15:52:22 highlighted so that you can get a comfort level with
15:52:25 the policy as stated, and again not for discussion
15:52:29 today, but wanted to distribute it to you today.
15:52:32 We will now be interacting with the neighborhood as
15:52:34 well to get any input that they have.
15:52:37 And so we would like to maybe see this come at the

15:52:41 August board meeting for approval.
15:52:45 >>THOMAS SCOTT: Any comments on that, board members?
15:52:47 Okay.
15:52:48 Councilman Dingfelder.
15:52:49 >>JOHN DINGFELDER: Just two things.
15:52:51 One, mark, I don't know, haven't had a chance to read
15:52:54 your revisions.
15:52:56 Does it include term limits?
15:52:59 >>> Yes.
15:53:00 >> I see it talks about terms of two and five years
15:53:04 staggered but I didn't see "term limits."
15:53:08 >>MARK HUEY: If you look at item 6, service should be
15:53:15 for one term with a minimum of one year gap for
15:53:19 additional terms.
15:53:20 That will be the second to last sentence.
15:53:27 Item 6.
15:53:27 >>JOHN DINGFELDER: So that's an addition over and
15:53:31 above the other one.
15:53:32 All right.
15:53:32 And then the second comment was -- and Sal, maybe this
15:53:37 is directed towards you -- I see where we expressly
15:53:41 are identifying that meetings are in the sunshine.

15:53:44 That's your legal opinion.
15:53:45 I think it's sound.
15:53:56 An extensive policy that we are guided by.
15:54:02 I'd like you to at least think about -- I am not going
15:54:04 to put you on the 301 spotted today but at least think
15:54:06 about the possibilities that board members of the
15:54:09 boards that are important and this significant should
15:54:12 also be covered under the ethics code.
15:54:19 >>SAL TERRITO: We'll look at that.
15:54:20 We have looked at it before but we'll look at it
15:54:22 again.
15:54:23 It appears now the way the city's ordinance and the
15:54:25 state statutes are written, advisory boards may not be
15:54:28 covered under the definition of who is discovered
15:54:30 covered by the ethics so we'll go back and look at
15:54:33 that.
15:54:33 That isn't to say you can't change the city's ethics
15:54:36 code but right now I don't believe they are covered
15:54:38 under that.
15:54:39 >> Maybe as part of the -- I think it's important.
15:54:43 There's a lot of important advisory decisions that are
15:54:45 being made involving tens of millions of dollars and

15:54:50 the public needs that comfort, and Mr. Smith is in the
15:54:59 audience as well, Sal.
15:55:04 I think it's important that a representative of the
15:55:07 legal staff go out to the advisory boards, not only on
15:55:13 an initial basis to talk about sunshine, because I
15:55:16 think some of these boards are new and it's going to
15:55:20 be rather daunting, but also to continue periodically
15:55:23 to attend some of these advisory board meetings to
15:55:27 make sure if there's any questions that come up about
15:55:29 conflict of interest, ethics codes, you know,
15:55:33 sunshine, et cetera, that we have a very strong legal
15:55:36 presence, you know, from the city to answer any
15:55:40 questions that the advisory boards might have.
15:55:43 So I don't know how we would organize that.
15:55:45 But maybe you and David can talk about that with mark.
15:55:50 >> We are planning on having a workshop for all of the
15:55:53 members to give them an overview of the sunshine
15:55:55 issues, public records issues, those kinds of things.
15:55:58 >>JOHN DINGFELDER: Can we make it mandatory?
15:56:07 Thank you.
15:56:09 Any other questions?
15:56:10 Okay.

15:56:12 >>THOMAS SCOTT: The next issue then is Centro Ybor
15:56:15 special meeting.
15:56:16 >>MARK HUEY: What we would like to do in anticipation
15:56:20 of bringing to you some final agreements for a pro
15:56:23 proving -- for approving on Centro Ybor is schedule a
15:56:26 special session on that.
15:56:30 Because of the developers' request to not wait till
15:56:34 the next CRA board meeting.
15:56:36 So I would like you to make some time available on
15:56:39 August 2nd.
15:56:40 That would be your normal council date, in August,
15:56:44 8:30 in the morning.
15:56:46 Like we used to meet last year, meet prior to the
15:56:51 council meeting for 30 minutes, and there will be an
15:56:55 agreement.
15:56:55 You will need to approve it, the CRA, and an agreement
15:56:58 you will approve as council.
15:57:01 >>THOMAS SCOTT: So the chair will entertain a motion
15:57:03 that we have our meeting at 8:30 on the second.
15:57:06 I would encourage you to have all documents, documents
15:57:10 on the morning of the second.
15:57:11 I want the documents before the second.

15:57:14 >>MARK HUEY: We will have it.
15:57:15 If we do not have them in advance, we won't.
15:57:20 We'll reschedule.
15:57:21 >>THOMAS SCOTT: Councilman Saul-Sena.
15:57:23 >>LINDA SAUL-SENA: I wonder if 8:15.
15:57:27 >>THOMAS SCOTT: 8:15?
15:57:28 >>CHARLIE MIRANDA: I was going to speak to that,
15:57:34 Mr. Chairman.
15:57:36 Those are scheduled for 9:00, council meeting on the
15:57:40 second.
15:57:40 They have been waiting their turn.
15:57:41 And I don't like to hop and jump in front of the line:
15:57:46 I used to do that in high school, get my lunch first.
15:57:50 But what we need here is make sure we have those 45
15:57:52 minutes so we can get this completely done and stay to
15:57:55 that 45 minutes.
15:57:59 I would like to do that and move on.
15:58:05 >>MARY MULHERN: I just wanted to make sure if anyone
15:58:07 was here to speak to that, that Centro Ybor, I saw
15:58:11 some people here to speak.
15:58:13 >>THOMAS SCOTT: Well, this was just the meeting, and
15:58:16 then we need to take public comments in a minute on

15:58:20 that.
15:58:20 But we have a motion on the floor.
15:58:21 All in favor of the motion?
15:58:24 Opposed?
15:58:24 We'll meet at 8:15 on the 2nd of August to deal
15:58:28 with Centro Ybor.
15:58:33 >>JOHN DINGFELDER: While you are on the scheduling, I
15:58:34 saw you had an August 16th meeting scheduled?
15:58:51 I think that might have gotten scheduled earlier and
15:58:54 we had to change the 16th date which would have
15:58:55 been one of the CRA dates.
15:58:57 I think that's what happened to them.
15:58:59 I'm not sure.
15:58:59 >>MARK HUEY: I'm sorry.
15:59:01 No, August 16th is the date you can expect to
15:59:03 receive a transmittal from me.
15:59:06 That would include all these documents in advance of
15:59:09 the board meeting on the 21st.
15:59:12 Okay?
15:59:13 That's our goal.
15:59:15 >>JOHN DINGFELDER: That works.
15:59:17 >>MARK HUEY: Sorry for that confusion.

15:59:19 >>THOMAS SCOTT: That will conclude all the items for
15:59:22 today on the agenda.
15:59:24 Board members, because this is a workshop -- is there
15:59:30 anyone from the public that wants to speak today?
15:59:32 Before you get up, we need to have a motion to allow
15:59:35 that, because the workshop generally you don't have
15:59:38 public comment.
15:59:38 >>CHARLIE MIRANDA: I make a motion to allow but it has
15:59:44 to be consistent with items of CRA.
15:59:45 That's what we are here for.
15:59:47 >>THOMAS SCOTT: Right.
15:59:50 >> Right.
15:59:55 >>THOMAS SCOTT: It's a regular meeting?
15:59:56 I thought it was a workshop.
15:59:58 So you have three minutes to speak to that.
15:59:59 Thank you.
16:00:03 >>> Good afternoon, City Council.
16:00:06 I guess the first part of it, we were asked to answer
16:00:10 the question --
16:00:11 >> State your name for the record.
16:00:13 >>> James Evans, 1702 north Nebraska Avenue, Tampa Bay
16:00:18 Academy of hope and chairman of the human rights

16:00:20 coalition.
16:00:21 We were asked by a vote to answer the questions at the
16:00:26 last meeting, and the first part of that is the
16:00:30 questions that we were asked to answer, we answered
16:00:33 them thanks to our attorney.
16:00:35 He answered all of those questions.
16:00:37 And the Tampa housing authority was supposed to
16:00:42 respond to those questions, and we were just wondering
16:00:46 how that proceeding had been concluded and they have
16:00:52 responded to those questions, been voted on.
16:00:56 That's the first concern that I have.
16:00:57 The other is that if could you respond to that, it
16:01:01 could be helpful.
16:01:02 But the other point is that no demolition in Central
16:01:05 Park Village takes place until every one of those
16:01:09 human beings are out of there.
16:01:11 We have had seven years to do it.
16:01:13 And there have been rumors that the bulldozers and
16:01:18 particular tearing down of the project will begin.
16:01:21 I think that's inhumane.
16:01:23 We wouldn't do it anywhere else.
16:01:25 We wouldn't accept it anywhere else.

16:01:27 If any human being is in those particular projects,
16:01:30 they need to be removed.
16:01:32 They have had seven years to do that.
16:01:34 The second point is that Bank of America should pay
16:01:37 interest on the $10 million.
16:01:40 It's simple.
16:01:41 That would allow us to do more affordable housing,
16:01:44 almost $2.4 million worth of housing.
16:01:47 And I think they shouldn't get a promissory note and
16:01:49 walk away like that. That is just truly not practical
16:01:52 business for the American people, especially locally.
16:01:55 And I think this body should represent that very
16:01:58 strongly.
16:02:00 Thirdly, we should comply with the Florida law.
16:02:04 From what we understand, and what we are reviewing
16:02:06 based upon what we submitted to you, right now it does
16:02:10 not appear that the Tampa housing authority and Bank
16:02:13 of America is complying with the Florida law.
16:02:16 And it's moving to see that that is not being really
16:02:21 looked at in a strong way.
16:02:24 And I hope it's not something I or the attorneys that
16:02:27 looked at that, none of us see, and I hope that we

16:02:31 really just look at that.
16:02:33 And then the last point is this, the housing authority
16:02:41 of the 483 units they are taking out, it is just sad
16:02:44 to see a situation where we allow the housing
16:02:47 authority to reduce the number of units, 483 units, in
16:02:52 Central Park Village, and then we turn around as
16:02:55 citizens and say, let them build less.
16:02:58 That's wrong.
16:03:00 This is one of the most powerful corporations in the
16:03:02 world.
16:03:05 Their only out now is development.
16:03:07 They have moved into this area, and they are saying,
16:03:10 we are going to develop, and what we as a city are
16:03:13 here today saying, it's okay.
16:03:15 Well, as a citizen of this community, it's not okay.
16:03:18 And I hope that you will look at the proposal.
16:03:21 We don't get paid for this.
16:03:23 I'm not getting paid a dime to do this.
16:03:25 I care about the City of Tampa.
16:03:26 I think all of you are doing great works.
16:03:28 I believe in all of you.
16:03:30 And I think this project really needs to take a

16:03:33 serious look at a hard, fast rules of what we stand
16:03:37 for.
16:03:38 Just because they are poor, they don't speak the
16:03:40 proper English, just because they are different, we
16:03:43 have to look at that issue.
16:03:45 And because when we finish this project, we want our
16:03:50 names on it, and not that we build grave yards and say
16:03:53 what a tragedy that we push people aside one more
16:03:56 time.
16:04:00 >> Thank you, sir.
16:04:01 Next speaker.
16:04:05 >>> I'm Wally Anderson.
16:04:07 My business address is 2202 North Westshore Boulevard,
16:04:11 suite 200.
16:04:12 I'm the attorney for the Tampa human rights coalition.
16:04:17 I'm going to renew the question.
16:04:20 Has Tampa housing authority answered the eight
16:04:22 questions?
16:04:23 It was also -- they have been provided a copy of my
16:04:25 opinion letter.
16:04:26 You all have been provided a copy of my opinion
16:04:28 letter.

16:04:29 The city attorney has been provided copies.
16:04:31 We did not receive any responses.
16:04:35 It's my obvious legal opinion what the structure of
16:04:38 this limited liability is, is unconstitutional.
16:04:42 There's a way to fix it.
16:04:43 And I proposed it.
16:04:44 It's easily done.
16:04:45 And it needs to be done.
16:04:48 We have met, Mr. Evans and I and others, met with
16:04:53 members of the housing authority since November of
16:04:54 last year, and they have promised that they are
16:04:56 going -- any resident of Central Park Village can move
16:05:00 back in.
16:05:01 When you do the numbers, they are only building 395
16:05:05 units.
16:05:06 There are 483 units in the old Central Park Village.
16:05:10 The numbers don't add up.
16:05:12 They have made a public representation that they are
16:05:14 not going to follow through on.
16:05:16 The fact that they have not provided the final
16:05:20 documents to refute my reading of their documents
16:05:23 indicates that the final -- the draft document that I

16:05:28 based my opinion on has not changed.
16:05:31 There's a $10 million interest-free loan for two
16:05:34 years, that the Bank of America, a subsidiary of one
16:05:39 of the largest corporations, the largest banks in this
16:05:42 country, is getting an interest-free loan from the
16:05:45 Tampa housing authority.
16:05:47 Every dollar the Bank of America Community Development
16:05:50 Corporation loans to this LLC, they are guaranteed a
16:05:55 12% rate of return.
16:05:57 The housing authority gets nothing back.
16:06:00 What's good for the for-profit entity has to be good
16:06:03 for the government agency.
16:06:05 They have an obligation to pay 12% interest rate.
16:06:09 I believe the Constitution of the State of Florida, as
16:06:12 I state in my opinion letter, and I have mentioned to
16:06:18 the city attorney's office what is the standing in the
16:06:22 city attorney's office.
16:06:23 Perhaps a negotiated development plan was mentioned
16:06:26 earlier.
16:06:27 Working up those terms, maybe that's the way the CRA
16:06:31 and City of Tampa can hold the feet to the fire of the
16:06:34 housing authority and Bank of America to fulfill

16:06:38 Florida law.
16:06:39 The housing authority doesn't seem to be bothered by
16:06:44 the opinion.
16:06:45 They aren't here to defend it.
16:06:47 They are acting in disregard to the instructions of
16:06:49 the City Council, and that needs to be addressed.
16:06:52 So thank you very much.
16:06:59 >>> Good evening.
16:07:00 Sam Kennedy, chairman of East Tampa.
16:07:04 I would first like to begin by thanking Mark Huey, Ed
16:07:09 Johnson and the other CRA managers for the excellent
16:07:11 presentations that they have done here.
16:07:14 I certainly -- on the presentation of East Tampa, one
16:07:18 in which I'm extremely familiar with, but the manner
16:07:22 in which it was presented is certainly interesting to
16:07:25 me even though I'm familiar it with, it kept my
16:07:29 attention, so I just want to again thank you all for
16:07:31 the job that you all are doing and for the
16:07:32 presentations getting better and better each time.
16:07:37 Very well done.
16:07:38 I also want to thank the members of the CRA for the
16:07:42 interest that you are showing in the CRA and for the

16:07:45 interesting questions that you asked.
16:07:50 What I'm saying is a great mix of involvement from the
16:07:56 CRA, from the city staff and from the community, and I
16:08:01 believe that will be good for our city.
16:08:03 And so I simply want to thank you.
16:08:05 Let me say to you that East Tampa has a lot of needs.
16:08:10 One of the things that you heard, and don't know where
16:08:13 to begin, get so many things done.
16:08:17 So I want to support bonding.
16:08:21 It's extremely important, if we have this money up
16:08:23 front we can do a lot of things.
16:08:25 And it's extremely important for us to have the money
16:08:28 up front, because property is becoming a premium, and
16:08:32 the prices are going up every day.
16:08:36 One of the things we are seeing in East Tampa right
16:08:38 now, there's a lot of in-fill housing going on.
16:08:42 So there's a property vacant today.
16:08:45 If you need that property down the road it's going to
16:08:47 cost a lot of money.
16:08:49 We in East Tampa need to focus on some of our major
16:08:53 corridors that are in need, and you heard some talking
16:08:56 from councilman Miranda about business and so forth

16:09:00 and keeping those corridors business.
16:09:03 And I'm afraid that in East Tampa we are beginning to
16:09:05 lose our commercial corridor.
16:09:07 So we can't afford to wait.
16:09:11 And Ed Johnson made the comment about he who owns the
16:09:14 dirt controls the deal.
16:09:16 It's extremely important for us to start investing in
16:09:22 the East Tampa using some of our TIF dollars to gain
16:09:25 access to the property so that we can use that as a
16:09:29 leverage to bring the kind of development that we want
16:09:32 top see in the community.
16:09:33 So one of the things I want to encourage you to do is
16:09:37 to support bonding when that issue comes before you,
16:09:40 and then in East Tampa we want to put a whole lot more
16:09:45 money in the land acquisition, so we are going to be
16:09:48 asking that you would support that.
16:09:49 So again I thank you for your attention, and the
16:09:52 attention that you are giving to the CRA.
16:09:55 >>THOMAS SCOTT: Thank you, sir.
16:10:04 City attorney, do you want top address Mr. Evans'
16:10:08 issue?
16:10:09 Do you want to address that?

16:10:11 I think that's the only issue.
16:10:14 >>> I think really what I'm trying to do, their
16:10:17 complaint is really to the housing authority and to
16:10:18 the Bank of America and I'm trying to keep the CRA
16:10:21 somewhat separated from the.
16:10:22 Some of the issues that they are bringing up obviously
16:10:24 are going to involve the CRA at some point.
16:10:26 The housing authority attorney has already given an
16:10:29 opinion that he thinks the deal is proper.
16:10:31 He thinks the arrangement is proper.
16:10:34 I have looked at his research.
16:10:35 I agree with him.
16:10:36 From that perspective I agree with his particular
16:10:38 perspective.
16:10:40 They did a lot of work on this particular issue and I
16:10:42 appreciate what they have done but I think this is
16:10:44 really an issue that they have to resolve with the
16:10:46 housing authority and with the Bank of America because
16:10:47 it's their structure that we are dealing with, not the
16:10:50 CRA structure or the city's structure.
16:10:52 That's not to say they don't have a point.
16:10:54 They may have a point but we can't resolve it.

16:10:57 We have no authority over the housing authority and
16:10:59 have no authority over the Bank of America.
16:11:01 Whatever deal the housing authority, the Bank of
16:11:05 America made, is their deal.
16:11:07 When they come to us, and we do our negotiation, then
16:11:11 there will be issues that we'll be concerned with, you
16:11:13 will be concerned with, the city administration will
16:11:14 be concerned with and we can deal with some of those
16:11:17 issues at that particular point.
16:11:18 But the issues they are raising right now are not for
16:11:20 the CRA, it's really for the Bank of America and the
16:11:23 housing authority to resolve.
16:11:28 >>LINDA SAUL-SENA: Briefly, don't we have the ability
16:11:31 to address the number of units of affordable housing
16:11:34 that are created?
16:11:35 >>SAL TERRITO: We do have authority when we negotiate
16:11:39 on how many housing units there are.
16:11:40 A lot of it is going to depend on financing.
16:11:43 I don't want to speak to the Bank of America.
16:11:46 They are putting $3.5 million into the Perry Harvey
16:11:50 park which is not something they are going to get a
16:11:52 return on except obviously help with their marketing

16:11:54 and I don't wanted to stay here and advocate their
16:11:56 position.
16:11:57 But when you do a negotiation, there are many factors
16:12:00 involved.
16:12:02 One of the factors is going to be the number of units
16:12:04 they have.
16:12:04 One thing they are doing right now with the relocation
16:12:07 is that they are providing section 8 vouchers, not
16:12:11 that they are called section 8 vouchers anymore.
16:12:13 They are finding places for the people that are being
16:12:16 relocated to live.
16:12:17 HUD has very stringent requirements on relocation
16:12:19 which they are following.
16:12:21 That's something we can oversee.
16:12:23 But you're correct, once we negotiate with them, the
16:12:25 development agreement that we do with them will have
16:12:27 to work for everyone.
16:12:29 And if that means more or fewer units, that's going to
16:12:31 be part of the negotiation process.
16:12:35 >>THOMAS SCOTT: Again, councilmen, let me say this
16:12:37 issue goes back to last year when I was on county
16:12:42 commission, that was the time to negotiate, from my

16:12:46 standpoint at that point, and work hard on that.
16:12:49 I looked at the issues.
16:12:50 I studied the issues and tried to work hard then to
16:12:52 make sure that the people in Central Park were
16:12:55 protected and covered and had opportunity to come
16:12:58 back.
16:12:58 Okay.
16:12:59 Now keeping in mind that when you look at this whole
16:13:01 issue, this agency won't have any involvement until
16:13:06 the agreement comes back.
16:13:07 I think that's the time that we have to look at it and
16:13:09 have input.
16:13:11 You want the project to work.
16:13:12 Now, in my discussion with Mr. Huey and others, the
16:13:17 reason that the units have been reduced is because of
16:13:21 the tax rollback that has had a major impact on the
16:13:26 development issue.
16:13:27 So, therefore, in order to make the deal work, towed
16:13:31 cut some of the units out in order to make it work.
16:13:33 That is my understanding of that issue.
16:13:35 So you have to understand all the parameters, all of
16:13:38 the issues, all of the facts that are surrounding this

16:13:41 whole issue.
16:13:41 The other thing I keep in mind on the front end when
16:13:44 working with the RFP process, the housing authority
16:13:47 does not have any money for relocation.
16:13:49 And I think in the RFP, they put in there that the
16:13:53 developer had to allow some money for that.
16:13:56 So I think Bank of America is providing that funding
16:13:58 up front, and also want to say that I think if you go
16:14:04 back and look at that, too, unless it's changed, that
16:14:06 is not quite accurate.
16:14:10 Based on when I was a county commissioner in my other
16:14:14 life, they were getting a healthy sum of money.
16:14:16 So we can't say not getting any money.
16:14:18 That's not true.
16:14:21 I don't know the cost. That could have changed
16:14:23 between when I was there and when I'm here now.
16:14:25 Okay, yes, sir.
16:14:27 Hue high I was going to reinforce about what you were
16:14:31 saying, how putting this together is a very delicate
16:14:33 balance and involves the Bank of America and the
16:14:35 housing authority, and the city in terms of our TIF
16:14:38 commitment.

16:14:39 And if I can draw a couple of thoughts together, the
16:14:42 amount of affordable housing, each affordable unit, as
16:14:46 you all know, requires subsidy.
16:14:50 There's a cost to putting that in deal.
16:14:53 They are going to replace all of the infrastructure,
16:14:57 put all new roads, all new sewer, rebuild the park.
16:15:02 Those are being balanced against high use subsidized
16:15:04 affordable units.
16:15:05 If I can, the issue about the interest on a loan.
16:15:10 If I can use that as an example.
16:15:11 That's actually a tool that the housing authority is
16:15:14 using to help Bank of America build as much affordable
16:15:18 housing as they can.
16:15:19 For example, what was suggested -- and again I don't
16:15:23 fully understand the argument -- but if Bank of
16:15:27 America's costs for building their project were to
16:15:32 increase because they paid interest on the loan, they
16:15:33 are going to be able to build less affordable units.
16:15:37 The argument was the housing authority would have more
16:15:39 money to build affordable units.
16:15:42 I suggest to you at the end of the day, with everyone
16:15:47 trying to build the most affordable units possible in

16:15:51 the Bank of America and Tampa housing authority
16:15:54 project.
16:15:55 And that's one example.
16:15:56 Land costs, other things that they are trying to do to
16:15:58 make it very difficult and challenging to work.
16:16:03 And when we come to you in the latter part of the
16:16:05 year, you will have more of a sense for how
16:16:07 challenging it is to do all of the things that this
16:16:11 project is trying to do, from doing affordable housing
16:16:14 to building a park to replacing infrastructure to
16:16:17 building parking garages, on and on and on.
16:16:21 Very significant demand on this project.
16:16:23 Very difficult one.
16:16:26 >>THOMAS SCOTT: From my perspective, I'm not going
16:16:29 anywhere. I'm elected for four years.
16:16:33 I think I got three and a half left by now.
16:16:35 But, anyway, not going anywhere. Where.
16:16:39 I was on the other side as a county commissioner and
16:16:41 I'll continue to look at it and monitor.
16:16:43 And let me just say also, the people there are not
16:16:48 different.
16:16:48 They are people.

16:16:49 They are human beings.
16:16:51 Their economics may be different, you know.
16:16:54 And from my standpoint, you know, I raise issues, and
16:16:58 trying to make sure every opportunity afforded to
16:17:01 them, the opportunity to return.
16:17:03 And I will continue to look at that when that issue
16:17:05 comes back to us.
16:17:06 I think the issue is going to be in the agreement,
16:17:08 when it comes to us.
16:17:10 And that's the time we take a close look at that.
16:17:13 And the issues really evolve around the city
16:17:18 administration, the housing authority, and Bank of
16:17:20 America until it comes to the CRA and to the council.
16:17:24 >>MARY MULHERN: I understand that the legal issues
16:17:28 they are bringing up are not the responsibility or
16:17:32 don't come back to the city but in order for to us
16:17:34 look at that agreement, I would like to see the
16:17:40 housing office's response to this.
16:17:44 I think we are going to be asked to make a decision
16:17:46 about this, and you are fortunate to have that around
16:17:49 when this is going through.
16:17:52 Not that you're fortunate, but now more about it than

16:17:56 we do.
16:17:56 But we need to know about it.
16:17:58 So I need to see -- I would like to see what HUD --
16:18:03 >>> The only answer I have, Mr. Anderson included it
16:18:07 in his packet.
16:18:08 >>SAL TERRITO: They did give a short opinion on what
16:18:11 they thought the arrangement was correct and he was
16:18:14 gracious enough to include that in his package.
16:18:17 >>MARY MULHERN: Sorry, I didn't read the whole thing.
16:18:19 >>THOMAS SCOTT: Also, he's given us his opinion on
16:18:23 that, which this is our turn, so I will tell you, I
16:18:29 look to the attorney that represents this board.
16:18:32 When he says that's his opinion, that's what I'm going
16:18:36 with, okay?
16:18:37 So I want to be clear.
16:18:38 Now the last thing and we are going to be out of here.
16:18:41 Mr. Kinsey, you're right on the button
16:18:48 The reason the legislature set up CRAs to chapter
16:18:51 163, I believe it is, so I agree with you 100%, and I
16:18:55 will tell you that I believe that the CRA,
16:18:59 particularly for East Tampa, is one of the best tools,
16:19:02 and I will tell you, East Tampa has a great

16:19:04 opportunity to really get down and redevelop.
16:19:07 And I hope that we move forward.
16:19:09 And I think the CRA agency is very involved, and wants
16:19:13 to be inclusive, and I think will be.
16:19:15 So thank you for your support.
16:19:17 And what you are doing.
16:19:18 And all of the advisory committees.
16:19:23 What you did today is very thorough, very informative,
16:19:25 a lot of information.
16:19:26 Very good.
16:19:27 So thank you and your staff for all of it.
16:19:29 Mr. Evans, I see your hand but I am trying to wrap up.
16:19:32 And get us out of here.
16:19:34 And we all gave everybody three months.
16:19:37 So with no further business we stand adjourned.
16:19:41 Yes, receive and file all documents.
16:19:44 >> So moved.
16:19:44 >> Second.
16:19:45 (Motion carried).
16:19:46 >>THOMAS SCOTT: We stand adjourned.
16:19:51 (Meeting adjourned at 4:19 p.m.)