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HomeMy WebLinkAbout2010 10 11 Consent 206 Resolution 2010-54 City Of Oviedo Community Redevelopment Agency COMMISSION AGENDA Informational Consent X ITEM 206 Public Hearings Regular October 11, 2010 Regular Meeting M • / Dept. Authorization REQUEST: Mayor John F. Bush and City Manager Kevin L. Smith request that the City Commission review and Approve Resolution 2010 -54 which if approved, would offer our support for the City of Oviedo's Community Redevelopment Agency (CRA). SYNOPSIS: From time to time, municipalities are asked to support projects related to other municipalities and in this case, Mayor Bush and Manager Smith are requesting our City support a Community Redevelopment Agency (CRA) for the City of Oviedo. This request for support for the City of Oviedo's Community Redevelopment Agency (CRA) was suggested at the City of Oviedo and City of Winter Springs Joint Meeting held on September 29, 2010. CONSIDERATIONS: Mayor Bush and City Manager Kevin L. Smith are requesting the City Commission to approve a Resolution of support for a Community Redevelopment Agency (CRA) in the City of Oviedo. This request for the City of Winter Springs' support was discussed at a City of Oviedo and City of Winter Springs Joint Meeting held on September 29, 2010; and at this Joint Meeting, the Members of the Winter Springs City Commission in attendance noted their support via Consensus, of a Resolution being drafted. On behalf of the City Commission, Mayor Bush and Manager Smith know that the City of Winter Springs wants to support any initiative that benefits one of our closest cities. CITY OF WINTER SPRINGS, FLORIDA CITY COMMISSION REGULAR MEETING - OCTOBER 11, 2010 CONSENT AGENDA ITEM "206" PAGE 2 OF 2 FISCAL IMPACT: Approving Resolution Number 2010 -54 does not have any fiscal impact to the City of Winter Springs. COMMUNICATION EFFORTS: The City of Oviedo is aware that Mayor Bush, the City Commission and the City Manager are in support of bringing a Resolution to the Winter Springs City Commission for their official Approval. Additionally, copies or access to this Agenda Item and Resolution have been given to the Mayor and City Commission, City Manager, City Attorney, and Department Directors; placed in Press Packets; placed in the Lobby Binder; and are available on the City's Website, LaserFiche, and the City's Server. Should this Resolution be Approved, the City of Winter Springs will forward an executed copy of Resolution Number 2010 -54 to the City of Oviedo, to Seminole County, and to each member of the Seminole County Board of County Commissioners. RECOMMENDATION: Mayor Bush and Manager Smith are asking the City Commission to Approve Resolution Number 2010 -54. ATTACHMENT: "A" - City of Winter Springs' Resolution Number 2010 -54 ATTACHMENT "A" RESOLUTION NUMBER 2010 -54 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA SUPPORTING THE CITY OF OVIEDO'S REQUESTED CHANGES TO THE SEMINOLE COUNTY DELEGATION OF AUTHORITY FOR THE CREATION OF THE OVIEDO COMMUNITY REDEVELOPMENT AGENCY; AND PROVIDING FOR AN EFFECTIVE DATE. W HEREAS, the City of Winter Springs acknowledges and whole heartedly supports Seminole County's successful Redevelopment and Economic Development efforts and its cooperative efforts to establish a Community Redevelopment Agency (CRA) within the City of Oviedo; and W HEREAS, the City of Winter Springs further acknowledges the leadership and successful stewardship of the Seminole County economic environment by the Seminole County Board of County Commissioners and its successes heretofore establishing and nurturing Community Redevelopment Agencies and associated activities within Seminole County to expedite the redevelopment and reinvestment in various communities within the County; and WHEREAS, Seminole County and the City of Winter Springs have established and nurtured a long- standing partnership and strong working relationship that is exemplified by their mutual commitment to maintain and improve the overall quality of life and job opportunities available to Seminole County residents; and WHEREAS, the City of Winter Springs and the City of Oviedo have expressly demonstrated their commitment to support the shared Economic Development and Redevelopment objectives championed by Seminole County to create job opportunities for Seminole County residents and maintain and improve the overall quality of life for its residents; and WHEREAS, Seminole County, Florida, is a Charter County created and existing under the Florida Constitution and the laws of the State of Florida and is a political subdivision of the State of Florida; and WHEREAS, the City of Winter Springs and the City of Oviedo, Florida, are Municipal Corporations created and existing under the laws of the State of Florida with powers under Chapter 166, Florida Statutes, and are a political subdivisions of the State of Florida, and are wholly located within the jurisdictional boundaries of Seminole County; and City ot Florida IZ:aniutii rt '(/10-1 Pat_i 1 al d WHEREAS, the City of Oviedo is located immediately adjacent to the City of Winter Springs and has expressly identified the reciprocal commitment to providing job opportunities and improving the overall quality of life for the residents of Oviedo, Winter Springs and Seminole County as a whole; and WHEREAS, the City of Oviedo and the City of Winter Springs have identified a shared mutual interest in coordinating their Redevelopment and Economic Development activities in order to more expressly implement the overall Economic Development objectives of Seminole County and to expedite the creation of job opportunities for residents of Seminole County while stimulating private sector investment within the Downtown Oviedo Community Redevelopment Area; and WHEREAS, the City of Oviedo has identified, through the completion of a `Finding of Necessity' Report, an area within the City limits that satisfies the criteria of Chapter 163, Florida Statutes regarding a "blighted- area" and thus justifies the creation of a Community Redevelopment Agency to address the identified blight conditions; and WHEREAS, on June 24, 2008, Seminole County adopted Resolution Number 2008 -R- 163 (the "Delegation of Authority ") pursuant to which it delegated to the City the authority to create a Community Redevelopment Agency within the City in accordance with the provisions of Section163.410, Florida Statutes; and WHEREAS, on June 30, 2008, the City of Oviedo adopted Resolution 1836 -08 pursuant to which it created a Community Redevelopment Agency named the "Oviedo Community Redevelopment Agency" (the "Oviedo CRA "), in accordance with the provisions of Section 163.357, Florida Statutes; and W HEREAS, the City of Oviedo established a Community Redevelopment Agency (CRA) to address the blight conditions identified by the `Finding of Necessity' Report, as the appropriate mechanism to address the identified blight conditions; and W HEREAS, the operation of a Community Redevelopment Agency (CRA) has been demonstrated to rejuvenate blighted areas, enable and stimulate new development, create new job opportunities, and focus public investment in the blighted area to foster additional private development; and WHEREAS, the Delegation of Authority provided, inter alia, that the County would not participate in the operation and implementation of the Oviedo CRA; and WHEREAS, the Delegation of Authority provided, inter alia, that the County would not provide any County Tax Increment Funds to the Oviedo CRA; and (:' it) of Winter Springs, Florida Resolution 2010 -54 Page 2 of 4 WHEREAS, the Delegation of Authority provided, inter alia, that the County would limit the lifespan of the Oviedo CRA to twenty (20) years; and 1WHEREAS, the City has requested that the County amend the Delegation of Authority to provide for County representation on the Oviedo CRA Board to increase intergovernmental coordination and enable County participation in the operation and governance of the Oviedo CRA; and WHEREAS, the City has requested that the County amend the Delegation of Authority to enable County Tax Increment Funds participation in the Oviedo CRA; and WHEREAS, the City has requested that the County amend the Delegation of Authority to provide that the term of the Oviedo CRA shall be thirty (30) years; and WHEREAS, the twenty (20) year lifespan of the Oviedo CRA would limit the City of Oviedo to pursue only a fifteen (15) year Bond financing mechanism rather than a twenty -five (25) year Bond financing mechanism associated with a thirty (30) year CRA lifespan thus exposing the City to potentially higher costs associated with interest and issuance compared to a twenty -five (25) year Bond; and WHEREAS, by changing the lifespan of the Oviedo CRA from twenty (20) years to thirty (30) years, the City of Oviedo would be more readily able to secure an advantageous Bond financing mechanism to install infrastructure improvements that would enable a greater potential Ad- Valorem Tax Revenue to the County and the City in shorter period of time; and WHEREAS, the County through the years has successfully and effectively used and provided County Tax Increment Funds to Community Redevelopment areas in Sanford, Lake Mary, Altamonte Springs, Casselberry, and Winter Springs; and WHEREAS, only the City of Longwood and the City of Oviedo have not benefited from County tax increment fund participation in a Community Redevelopment Area; and W HEREAS, the County's contribution of County Tax Increment Funds to the Oviedo CRA would provide an equitable treatment for each Municipality located within the County; and W HEREAS, the County's contribution of County Tax Increment Funds to the Oviedo CRA is expected to accelerate development within the Oviedo CRA, and adjacent areas and create additional job opportunities for Seminole County residents and tax base diversification for City of Winter Springs, 1 lot Ida Resolution 2010 -54 1'agc3of'f the City and County; and NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA THAT: Section I. That the City of Winter Springs encourages and supports the City of Oviedo's and Seminole County's on -going redevelopment efforts and activities that address blight- conditions within Seminole County and provides for the creation of additional job opportunities for Seminole County residents; and Section II. That the City of Winter Springs encourages the County to amend the Delegation of Authority to provide for County representation on the Oviedo CRA Board, and participation in the operation and governance of the Oviedo CRA; and Section III. That the City of Winter Springs encourages Seminole County to amend the Delegation of Authority to enable Seminole County participation in the Tax Increment Funding mechanism as proposed by the City of Oviedo; and Section IV. That the City of Winter Springs encourages Seminole County to amend the Delegation of Authority to provide that the term of the Oviedo CRA shall be thirty (30) years as requested by the City of Oviedo; and Section V. That the City of Winter Springs shall forward a copy of this Resolution to the City of Oviedo, to Seminole County, and to each member of the Seminole County Board of County Commissioners for his or her respective consideration. ADOPTED by the City Commission of the City of Winter Springs, Florida, in a Regular Meeting duly assembled on the day of October 2010. (f'ilneekl tehexe< ; cY haee /rereria, o let rir f /arc/ eatkle d tAft1 6ea,/ta 6e < r. e�/. JOHN F. BUSH, Mayor ATTEST: ANDREA LORENZO - LUACES, City Clerk Approved as to legal form and sufficiency for the City of Winter Springs, Florida only: ANTHONY A. GARGANESE, City Attorney of Winter Springs, Florida Resolution 2010 -54 Page 4 of 4 RESOLUTION NUMBER 2010 -54 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA SUPPORTING THE CITY OF OVIEDO'S REQUESTED CHANGES TO THE SEMINOLE COUNTY DELEGATION OF AUTHORITY FOR THE CREATION OF THE OVIEDO COMMUNITY REDEVELOPMENT AGENCY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Winter Springs acknowledges and whole heartedly supports Seminole County's successful Redevelopment and Economic Development efforts and its cooperative efforts to establish a Community Redevelopment Agency (CRA) within the City of Oviedo; and WHEREAS, the City of Winter Springs further acknowledges the leadership and successful stewardship of the Seminole County economic environment by the Seminole County Board of County Commissioners and its successes heretofore establishing and nurturing Community Redevelopment Agencies and associated activities within Seminole County to expedite the redevelopment and reinvestment in various communities within the County; and WHEREAS, Seminole County and the City of Winter Springs have established and nurtured a long - standing partnership and strong working relationship that is exemplified by their mutual commitment to maintain and improve the overall quality of life and job opportunities available to Seminole County residents; and \ ivHEREAS, the City of Winter Springs and the City of Oviedo have expressly demonstrated their commitment to support the shared Economic Development and Redevelopment objectives championed by Seminole County to create job opportunities for Seminole County residents and maintain and improve the overall quality of life for its residents; and \ !%HEREAS, Seminole County, Florida, is a Charter County created and existing under the Florida Constitution and the laws of the State of Florida and is a political subdivision of the State of Florida; and WHEREAS, the City of Winter Springs and the City of Oviedo, Florida, are Municipal Corporations created and existing under the laws of the State of Florida with powers under Chapter 166, Florida Statutes, and are a political subdivisions of the State of Florida, and are wholly located within the jurisdictional boundaries of Seminole County; and Cit of Winter Springs, Florida Resolution 2010 -54 Page 1 of 4 WHEREAS, the City of Oviedo is located immediately adjacent to the City of Winter Springs and has expressly identified the reciprocal commitment to providing job opportunities and improving the overall quality of life for the residents of Oviedo, Winter Springs and Seminole County as a whole; and WHEREAS, the City of Oviedo and the City of Winter Springs have identified a shared mutual interest in coordinating their Redevelopment and Economic Development activities in order to more expressly implement the overall Economic Development objectives of Seminole County and to expedite the creation of job opportunities for residents of Seminole County while stimulating private sector investment within the Downtown Oviedo Community Redevelopment Area; and WHEREAS, the City of Oviedo has identified, through the completion of a `Finding of Necessity' Report, an area within the City limits that satisfies the criteria of Chapter 163, Florida Statutes regarding a "blighted- area" and thus justifies the creation of a Community Redevelopment Agency to address the identified blight conditions; and \ i ' HEREAS, on June 24, 2008, Seminole County adopted Resolution Number 2008 -R- 163 (the "Delegation of Authority ") pursuant to which it delegated to the City the authority to create a Community Redevelopment Agency within the City in accordance with the provisions of Sectionl63.410, Florida Statutes; and ' HEREAS, on June 30, 2008, the City of Oviedo adopted Resolution 1836 -08 pursuant to which it created a Community Redevelopment Agency named the "Oviedo Community Redevelopment Agency" (the "Oviedo CRA "), in accordance with the provisions of Section 163.357, Florida Statutes; and `/' HEREAS, the City of Oviedo established a Community Redevelopment Agency (CRA) to address the blight conditions identified by the `Finding of Necessity' Report, as the appropriate mechanism to address the identified blight conditions; and \ /`, HEREAS, the operation of a Community Redevelopment Agency (CRA) has been demonstrated to rejuvenate blighted areas, enable and stimulate new development, create new job opportunities, and focus public investment in the blighted area to foster additional private development; and WHEREAS, the Delegation of Authority provided, inter alia, that the County would not participate in the operation and implementation of the Oviedo CRA; and WHEREAS, the Delegation of Authority provided, inter alia, that the County would not provide any County Tax Increment Funds to the Oviedo CRA; and City of Winter Springs, Florida Resolution 2010 -54 Page 2 of 4 HEREAS, the Delegation of Authority provided, inter alia, that the County would limit the lifespan of the Oviedo CRA to twenty (20) years; and 1(HEREAS, the City has requested that the County amend the Delegation of Authority to provide for County representation on the Oviedo CRA Board to increase intergovernmental coordination and enable County participation in the operation and governance of the Oviedo CRA; and WHEREAS, the City has requested that the County amend the Delegation of Authority to enable County Tax Increment Funds participation in the Oviedo CRA; and \ j HEREAS, the City has requested that the County amend the Delegation of Authority to provide that the term of the Oviedo CRA shall be thirty (30) years; and \" /HEREAS, the twenty (20) year lifespan of the Oviedo CRA would limit the City of Oviedo to pursue only a fifteen (15) year Bond financing mechanism rather than a twenty -five (25) year Bond financing mechanism associated with a thirty (30) year CRA lifespan thus exposing the City to potentially higher costs associated with interest and issuance compared to a twenty -five (25) year Bond; and WHEREAS, by changing the lifespan of the Oviedo CRA from twenty (20) years to thirty (30) years, the City of Oviedo would be more readily able to secure an advantageous Bond financing mechanism to install infrastructure improvements that would enable a greater potential Ad- Valorem Tax Revenue to the County and the City in shorter period of time; and litHEREAS, the County through the years has successfully and effectively used and provided County Tax Increment Funds to Community Redevelopment areas in Sanford, Lake Mary, Altamonte Springs, Casselberry, and Winter Springs; and WHEREAS, only the City of Longwood and the City of Oviedo have not benefited from County tax increment fund participation in a Community Redevelopment Area; and W HEREAS, the County's contribution of County Tax Increment Funds to the Oviedo CRA would provide an equitable treatment for each Municipality located within the County; and W HEREAS, the County's contribution of County Tax Increment Funds to the Oviedo CRA is expected to accelerate development within the Oviedo CRA, and adjacent areas and create additional job opportunities for Seminole County residents and tax base diversification for City of Winter Springs, Honda Resolution 20I0 -54 Page 3 of 4 the City and County; and NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA THAT: Section I. That the City of Winter Springs encourages and supports the City of Oviedo's and Seminole County's on -going redevelopment efforts and activities that address blight- conditions within Seminole County and provides for the creation of additional job opportunities for Seminole County residents; and Section II. That the City of Winter Springs encourages the County to amend the Delegation of Authority to provide for County representation on the Oviedo CRA Board, and participation in the operation and governance of the Oviedo CRA; and Section III. That the City of Winter Springs encourages Seminole County to amend the Delegation of Authority to enable Seminole County participation in the Tax Increment Funding mechanism as proposed by the City of Oviedo; and Section IV. That the City of Winter Springs encourages Seminole County to amend the Delegation of Authority to provide that the term of the Oviedo CRA shall be thirty (30) years as requested by the City of Oviedo; and Section V. That the City of Winter Springs shall forward a copy of this Resolution to the City of Oviedo, to Seminole County, and to each member of the Seminole County Board of County Commissioners for his or her respective consideration. ADOPTED by the City Commission of the City of Winter Springs, Florida, in a Regular Meeting duly assembled on the 11 day of October 2010. ipthre66 etthe �e�f, J/aae /e arrta 6et rii f 4c i d awd ea�� :dia. rib rlea/te fie r cep% .. - JOH/ . BUSH, Mayor • - ATTE . T: -- L y • ! '.: 1 RENZO - LUACES, City Clerk Approv to legal form and sufficiency for the C' of • ter Springs, Florida only: ANTHONY A. GARGANESE, City Attorney City of Winter Springs, Florida Resolution 2010 -54 Page 4 of 4