On the agenda

1. 1Call to Order - Roll Call▶ 0:00
2. 2

   Approval of July 30, 2019 CRA Meeting Minutes

   approved

   The CRA Board approved the minutes from the July 30, 2019 CRA meeting.

   • motion:Approve the July 30, 2019 CRA meeting minutes. (passed)

   #July 30, 2019 CRA Meeting Minutes

   ▶ Jump to 0:18 in the video

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   [00:00:18] First item on the agenda is approval of the July 30th CRA meeting minutes. Move for approval. Second. Any discussion? No. Hearing none, all those in favor say aye. Aye.

   This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.

3. 3

   ↳You arrived here from a search for “Matt Murphy” — transcript expanded below

   Main Street Landings Agreement Addendum No. 2

   approved

   The CRA Board approved Addendum No. 2 to the Main Street Landings Agreement, granting developers Ken and Linda McGurn a 60-day extension (to November 10, 2019) to obtain certificates of occupancy on 90% of units. In exchange, the developers agreed to defer the city's $1,475,000 payment into two installments of $737,500 with 2% interest, freeing CRA funds for other business incentives.

   • motion:Approve Addendum No. 2 to the Main Street Landings Agreement, granting a 60-day extension to November 10, 2019, with deferred payment terms of two $737,500 installments at 2% interest. (passed)4–0

   📍Main Street Landings📍Sims Park🏢Main Street Landings🏢The Central👤Councilman Davis👤Ken McGurn👤Linda McGurn👤Mr. Murphy👤Mrs. Manz#Certificate of Occupancy 90% deadline#Main Street Landings Agreement Addendum No. 2#Main Street Landings Project

   ▶ Jump to 0:29 in the video

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   [00:00:29] Opposed, like sign. Motion passes. Next is Main Street Landing Agreement Agenda Number 2. Mrs. Manz. [00:00:36] Thank you Mr. Mayor, members of the council. We have in attendance this evening Mr. Ken McGurn and Mrs. Linda McGurn who are the developers of the Main Street Landing Project. [00:00:50] As I'm sure you'll recall in February of 2019, the agreement in respect to the Main Street Landings Project was changed to extend the deadline as it relates to the issuance of the [00:01:07] certificates of occupancy on 90% of the units, which provided an additional 120 days for performance of the contract. The new contract deadline was September 10th of 2019. In spite of valiant efforts on the parts of both Mr. and Mrs. McGurn, [00:01:32] there have been labor shortages and rain delays that have caused the project not to meet that deadline. They have recently presented themselves to the city and asked for an extension of time. Specifically, they're asking for an extension of 60 days until November 10th of 2019 to achieve the certificates of occupancy on 90% of the units. [00:02:01] In exchange for the extension on the time frame for completion, they have offered and agreed in lieu of a payment in the amount of $1,475,000, [00:02:30] it would be deferred to a two-year period, making the payment $737,500, the first payment of which would be due to developer 30 days after the date the project is substantially complete. [00:02:48] The second payment of $737,500 would be due six months, or I'm sorry, would be payable with an interest rate of 2% accruing at six months after the date the project is substantially complete and to the developer on the later of one year after the date the project is complete or 10-1-20, whichever occurs first. [00:03:19] The reason that the developers are willing to make this financial agreement with the city is to assist the CRA in being able to provide financial incentives to other businesses in the city looking to implement improvements, and so we're very grateful to them for their generous offer. [00:03:41] With that being said, we, the staff, are recommending in favor of the agreement. [00:03:46] Thank you. Open it up for public comment. Seeing no one come forward, bring it back to Council. [00:03:54] Mr. Mayor, I'd like to declare that I want to abstain from the vote due to the appearance of a conflict of interest. [00:04:04] I have no financial agreement at this point, but I have been involved in that project in the past, and I'm intending to participate and assist and may find myself involved with them in the future, so I'll file the necessary paperwork and abstain from the vote. [00:04:25] Thank you very much. We have any discussion or a motion? [00:04:31] Move for approval. Second. [00:04:34] We have a motion and a second. To the maker? [00:04:37] No, I just, you're excited to get this done, and we're excited to have it done. Not just get it done, but start once it's open, and I wish you the best of luck in getting some good commercial tenants downstairs, and I know there's a lot of buzz around the New Port Richey area about Main Street Landings opening, [00:04:58] and a lot of folks I talked to have been looking at the building plans online, and it's very exciting to see that, along with the Central. It's all the hard work that we've been doing as a city for the past several years is kind of coming to a head here, and I'm confident that they're going to run out rather quickly, both commercially and residentially, as will the Central, and we're going to just keep the momentum moving from there, so thank you for all the hard work you've done thus far. [00:05:26] Thank you. To the second. [00:05:28] Just a couple things. I've been saying for, well, this lady in the front here, this kind of applies to you. I've been saying for a year, ever since this project's been going on, I said that there's projects out in Trinity that are going to open up before these, and these people are going to rent those places, and then they're going to find out that they have no city center, they have got a dozen chain restaurants to go to, and they're going to find New Port Richey, [00:05:54] and so their second year, when their lease comes up, they're going to come down and pack New Port Richey, so you'll be right on time. A couple months extra will be to your advantage, I think, filling it up, and I think it's going to actually also, you know, retail-wise from the bridge to 19 is going to, you know, fill in there, too, with, you know, minimum, let's say, 90 units, 180 people, maybe even up to 270 that will be in those units. [00:06:20] Just a real, not to interrupt anyone else, but to piggyback on what Councilman Davis said, I can't tell you the amount of people that I've seen and heard from that are coming from outside of our New Port Richey city limits, from suburbia, West Pasco, Trinity area, and even further east, to enjoy our nightlife, our restaurants, our park, all the positive things that are happening, and I just think that's really, really going to help generate interest into renting these units. [00:06:44] Thank you. Mr. Murphy. [00:06:46] Yeah, I just want to say that thank you. Thank you for hanging in there and getting this thing done and completed, and I can't say more. Next year is going to be a big year for New Port Richey, and you're definitely part of that, so thank you, and please, we've got to make sure it gets done. Thank you. [00:07:02] Dr. McGurn, for the benefit of the lady sitting a couple rows in front of you, would you mind coming up and telling everybody what you've got on tap for the businesses coming in downstairs? [00:07:14] I really must say, Mr. Mayor, if you'll allow me, Mr. McGurn and Mrs. McGurn are not just getting it done, they're getting it done expertly, and it truly is a labor of love for the two of them, [00:07:29] and I think that when you see it, you will see the touch of their construction management experience, because they've made just that good of decisions. [00:07:40] Ken McGurn, Gainesville, Florida. Actually, we had the city manager out wearing her hard hat, and it became her hair day. [00:07:48] We heard about her hair day that day. We did. [00:07:52] So we're very pleased with the commercial interest. We have a brewery, we have a Spanish bakery, and we have an English bakery coming, and as far as the arts are concerned, we have an art store coming that's already established here, [00:08:09] and we've hired her to do murals, for example, in our garage where you approach into the pool area. [00:08:17] She's going to do a huge mural, probably the size of that wall behind you, of an Italian scene, and then place some Italian urns and things like that out so it looks like it's a 3D version. [00:08:31] We can't do that yet, because the contractor won't let her start until he gets out of the way, and if you've been there lately, one of our problems is the rain. [00:08:42] They were calling it McGurn Lake, but we're going to call it Peter's Pond. [00:08:49] Literally, it is. We can't drain that water out until they finish paving the area, and all the infrastructure is there to do it and get rid of the water, but we can't do it until the city approves those things, and we just haven't finished it. [00:09:02] So we've got a lake out there. It's just amazing. [00:09:05] So we're very pleased with the activity. I think we've got about half of the commercial space leased. [00:09:14] I'll point out for the benefit of the people watching, the person that you've got, the artist coming in, is the one that designed the crosswalk at Sims Park and also did the sea life scene on Main Street. [00:09:30] So a very talented individual, and she's moving her studio up to Main Street Landing. [00:09:38] I'm going to attract a lot of people there and have events and teach people, so we're looking forward to that. [00:09:44] She's placed her shop right between the two bakeries. [00:09:49] Food and beer attracts people, too, with the brewery. [00:09:53] Very good. Thank you, Dr. McGurn. [00:09:56] Any other discussion? Hearing none, all those in favor, please signify by saying aye. Aye. [00:10:01] Opposed, like, sign. [00:10:03] The motion passed 4-0 with one abstention.

   This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.

4. 4

   Commercial Redevelopment, Infill and Business Expansion Grant Program

   approved

   Staff presented a new Commercial Redevelopment, Infill and Business Expansion Grant program to complement the existing commercial redevelopment grant. The new program has no minimum capital investment, caps grant funds at 20% of project cost or $100,000 maximum, and targets smaller projects, infill opportunities, and business expansion into underutilized spaces. The CRA Board approved the program.

   • motion:Motion to approve the Commercial Redevelopment, Infill and Business Expansion Grant Program. (passed)

   🏢McGurn👤Councilman Davis👤Mr. Allman👤Mr. Murphy👤Mr. Rudd👤Ms. Smands#Commercial Redevelopment Grant#Commercial Redevelopment Infill and Business Expansion Grant Program#Downtown Design Standards

   ▶ Jump to 10:07 in the video

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   [00:10:07] Next is commercial redevelopment and infill and business expansion. Ms. Smands. [00:10:13] Yes, sir. Mr. Mayor, in regard to McGurn's generous plan to allow us to stage the payments over two years, [00:10:20] we have developed a commercial redevelopment infill and business expansion grant that we would like to launch through the CRA, [00:10:28] and Mr. Rudd has prepared a PowerPoint to present that program to you. [00:10:35] Good evening, Mr. Chairman and board members. [00:10:38] Tonight I've got a new grant program to present to you. [00:10:41] We have a very nice array of tools in our toolbox, and this program just provides us one more and a little more flexibility. [00:10:49] It's based basically on the commercial redevelopment grant, which has a $500,000 minimum investment required. [00:10:57] This grant does not have that minimum capital investment, so projects that come in just below that would be eligible. [00:11:04] The commercial redevelopment grant primarily targeted older, existing larger and older vacant buildings. [00:11:11] This grant, the redevelopment infill and business expansion, will also take in, of course, projects under $500,000, [00:11:20] vacant infill opportunities, as well as buildings that have underutilized space. [00:11:26] If a business wants to expand, use up more of the building or the areas outside around the building, [00:11:33] it would provide an opportunity to help them with those projects. [00:11:37] The objectives are, of course, to facilitate redevelopment of blighted and underutilized or vacant buildings [00:11:43] and to facilitate infilling the gaps in the street wall, [00:11:46] and also to facilitate the expansion of existing and proposed businesses into underutilized space, [00:11:52] such as alleys, rooftops, back rooms, storage spaces, et cetera. [00:11:56] Sometimes those spaces are not suitable for occupancy, and it takes quite a bit of investment to make them so. [00:12:03] The evaluation criteria is exactly like the commercial, the larger grant, [00:12:08] with the addition of infill projects must be at least two stories with retail restaurant space on the ground floor [00:12:14] and residential or office use on the upper floors, as well as they must comply with our downtown design standards. [00:12:21] The grant funds will be capped at 20% of the overall cost of the project, or a maximum of $100,000. [00:12:28] And, of course, the funding is limited by the amount budgeted in the CRA each year, [00:12:32] and the grant award is subject to approval by the CRA Board. [00:12:38] Thank you. I'll open it up for public comment. [00:12:42] Seeing no one come forward, bring it back to the CRA. [00:12:48] For approval. Second. [00:12:49] To the maker. [00:12:50] No, great. [00:12:51] We can get another space in commercial businesses or in businesses that will fill the gap and help these people. [00:12:59] Second. [00:13:00] In the city. [00:13:01] Exactly. [00:13:02] It just helps us try to entertain and welcome new business owners and property owners into the city [00:13:09] and existing property owners that may not be making as large an investment as some of the other projects that we've dealt with, [00:13:16] but it just kind of, like Councilman Davis said, evens it out and gives other business owners access to that money [00:13:21] to help improve their business or commercial real estate as well. [00:13:25] Thank you. Mr. Allman. [00:13:26] No, thank you. I'm good. [00:13:28] Mr. Murphy. [00:13:29] No, it looks good. [00:13:31] In that case, all those in favor, please signify by saying aye. [00:13:34] Aye. [00:13:35] Opposed, like sign. [00:13:37] Motion passes.

   This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.

5. 5Communications▶ 13:38
6. 6Adjournment▶ 23:19