City Council 10-4-2011.pdf - The City of Titusville, Florida

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approve the Economic Development Plan in its initial form and all amendments to such plan.” Member Long commented on Section No. 4. She also commented on whether the City could put itself in a position of debt if it pledged future TIF revenue funds for future bonds and payment of bond obligations if TIF revenues were not as expected. Planning and Growth Management Director Courtney Barker advised the City would be required to take over bond payment obligations, but as with the Community Redevelopment Agency, it did not allow debt to exceed 50% of the obligations. The City would be cognizant of these matters and the Council would have to approve such bonds. Member Long clarified the rationale for having City staff provide the administrative functions for the economic development zone interlocal agreement. She also expressed concern on staff’s workload due to the scope of administrative responsibility was not yet determined. Planning and Growth Management Director Barker commented that Brevard County’s main offices and the Economic Development Commission’s (EDC) office was in South Brevard County. She expressed using local staff would provide continuity and coordination by staff who worked locally, had knowledge of nearby properties, and desired the growth of North Brevard County. Additionally, staff often collaborated and participated in regional projects with other municipalities such as the Transportation Planning Organization (TPO). Many projects were the result of regional collaboration. The interlocal agreement would not be much different. Vice-Mayor Johnson supported using local staff or City staff to provide administrative support, which he believed would be advantageous and allow North Brevard to maintain control of the funds allocated for North Brevard County. Furthermore, he advised there was a precedence of regional collaboration. One example was Knight Armament. Locally, the Space Coast Economic Development Commission (SEDC) worked and collaborated with other organizations further away to bring this business to the north area of the County. Mayor Tulley clarified there were no public speaking cards submitted on the item. Member Burson advised that she was uncomfortable with these issues due to the annual SEDC contract renewal was not yet determined and the areas affected by the economic development zone included areas other than the City. Member Pritchett supported having City staff serve as the administrative support to the economic development zone. Second, she commented that the word “may” could be used in the proposed agreement to solve the issues related to staff support. Mayor Tulley advised that staff’s administrative work requirement could be minimal for the initial few years until the desired results of the economic development began to be
ealized. He recommended adding an equitable provision to the agreement that provided, “At such time those funds become available the City staff time would be reimbursed by the North Brevard Economic Development Zone.” In Section No. 6, Mayor Tulley requested adding an additional paragraph that provided and would “restrict the use of City funds to subsidize individual private enterprises without explicit City Council approval.” He felt governments should support building infrastructure and dollars that were used should be used for infrastructure that was friendly to all businesses, not just one or a few. Vice-Mayor Johnson commented on his understanding of Mayor Tulley’s request to add a new paragraph under Section No. 6. He did not agree with the additional language offered by Mayor Tulley as he felt that it would eliminate the economic development process. Economic development required a variety of enticements. Mayor Tulley felt there could be better methods to promote economic development that did not involve competition. He desired the City or the North Brevard Area to be the premier entrepreneurial incubation and start-up place for many new small businesses that would synergize with one another and bring growth to the area. He also desired using funds to leverage this type of activity. To express his ideas, Mayor Tulley advised that the successful area of Silicon Valley in California began in this fashion. Planning and Growth Management Director Barker offered a language amendment to the proposed interlocal agreement, under Section No. 6, paragraph A, “The District Board shall seek City Council approval of any cash expenditure exceeding $50,000 payable annually from the City Account with the exception of cash incentives to a private enterprise in which the entire expenditure must be approved by City Council.” Mayor Tulley and Vice-Mayor Johnson supported the revised language recommendation provided by Planning and Growth Management Barker. Member Burson clarified how the recommended language offered by Planning and Growth Management Director Barker would work. Mayor Tulley requested City Attorney Broome restate the language amendment offered by Planning and Growth Management Director Barker under Section No. 6, paragraph A. City Attorney Broome advised the language included “The District Board shall seek City Council approval of any cash expenditure exceeding $50,000 payable annually from the City Account with the exception of cash incentives to a private enterprise, which shall require the approval of City Council.” Motion: Member Pritchett moved to approve the proposed Interlocal Agreement with the County and the City on the Economic Development Zone with the City Attorney’s changes, with the amendment that Planning and Growth Management Director Barker read in Item
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City Council 10-4-2011.pdf - The City of Titusville, Florida

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