03-16-1998
Agenda/C
3-16-98
173c;
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CITY OF CLEARWATER
POST OFFICE Box 4748, CLEAR\t'ATER, FLORIDA' 33758-4748
CIlY HALL, 112 50lml OSCEOlA AVENUE, ClEARWATER, FLORIDA 33756
TELEPHONE (813) 5624040 FAX (813) 562-4052
COMMUNITY REDEVELOPMENT
AGENCY
AGENDA
COMMUNITY REDEVELOPMENT AGENCY
(eRA)
Monday, March 16, 1998
9:00 a.m.
Commission Chambers
1. Call to Order
Approval of Minutes - February 17, 1998
2. New Business
a. Approve the amended First Quarter FY 97-98 budget and authorize
the appropriation of the entire balance remaining in the eRA Trust
Fund as of September 30, 1998 for previously approved
redevelopment projects and those to be identified in the
redevelopment plan.
4. Assistant City Manager Verbal Reports
5. Other Business
6. Adjournment
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"EQUAL EMPLOYMENT AND AFFIRMATIVE ACTION EMPLOYER"
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Clearwater
Community Redevelopment
Agency
Agenda Cover Memorandum
Worksession Item #:
Meeting Date:
SUBJECl/RECOMMENDA liON:
Approve the amended First Quarter FY 97-98 budget and authorize the appropriation of the entire
balance remaining in the CRA Trust Fund as of September 30, 1998 for previously approved
redevelopment projects and those to be identified in the redevelopment plan.
IE and that the appropriate officials be authorized to execute same.
SU~'MARY:
· The revenue budget has been amended to reflect changes in amounts already received or amounts
expected to be received.
· The expenditure budget has been amended to reflect the changes in operational costs expected to be
incurred.
· State Law requires the DDS to pay their share of the tax increment revenues to the CRA. Last two
years the CRA returned the funds to the DDB in exchange for specific services.
o We recommend the funds not be returned to the DDS due to the potential of creating the Downtown
Alliance. The budget reflects the removal of the payment to the DDB under operating expenditures to
the Miscellaneous Redevelopment Project fund.
· We also recommend that the CRA trustees authorize the appropriation of the entire balance remaining
in the eRA Trust Fund as of September 30, 1998 for redevelopment projects that have been previously
approved and those which will be identified in the redevelopment plan.
Revit!wed bY:) IIA.
legal ~
Budget ~
Purchasing cr?ii:
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Risk Mgmt N/A
Originati ~ Dept: Costs
Info Srvc N/A eRA " Total
Public Works N/A User Dept. Funding Source:
--
DCW ACM Current FY CI
Other I.-rn~ Attachments OP
Amended BudgellQFY97-98 Other
o None Appropriation Code:
Rev. 2/98
Submitted by:
City Manager
o Printed on recycled paper
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Amended First Qtr '98 Budget
Community Redevelopment Agency
First Quarter - October 1, 1997 - December 31, 1997
Approved Proposed
FY 97/98 Actual Proposed First Qtr
Original Through Budget Amended
Budget 2111/98 Amendment Budget
Operating Revenues
Tax Increment Revenues
338930 Pinellas County 121,400 119,350 (2,050) 119,350
381115 City of Clearwater 112,090 110,251 (1,840) 110,250
381116 Downtown Development Board 22,040 (490) 21,550
Other Revenues
361101 Interest Earnings 8,000 14,837 7,000 15,000
362101 Rental Income ~ Garden Ave Garage 15,750 6,999 6,000 21,750
369088 CRA - MaintlPromotion 400 125 400
369901 Other Misc Revenue 300 9 150 450
Transfers In
381735 Rental Income-Station Sq. Park 6,000 (6,000)
381782 Downtown Development Bd.-Atrium 7,000 195 7,195
Total Revenues
292,980 251,571
2,965 295,945
Operating Expenditures
Other Operating Expenses
530100 Professional Services 9,200 9,200
530300 Other Contractual Services 1,700 1,700
542200 Utilities-Electric 502 500 500
542300 Uti I ities-GaslWaterlSan itation (46)
542500 Postage 100 61 100
543100 Advertising 10,000 (6,000) 4;000
543200 Other Promotional Activities 10,000 2,016 10,000
544100 Equipment Rental 1,500 (1,100) 400
547200 Employee Expense-Travel 6,000 2,111 6,000
547300 Employee Expense-Auto Allowance 200 200
547400 Employee Expense-Meals 100 100
550100 Office Supplies 500 153 500
550400 Operating Supplies 1,500 28 1,500
557100 Memberships and Subscriptions 5,500 995 5,500
557300 Training and Reference 4,000 1.148 4,000
581000 Payments to Other Agencies-DDS 22,040 (22,040)
63,140 6,966 (19,440) 43,700
Internal Service
540200 Document Reproduction 200 1,234 1,600 1,800
Pag,e 1
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Amended First Qtr '98 Budget
540600 Telephone Service Fixed 2,000 (2,000)
540700 Postal Service 61 200 200
541300 Print Shop 2,000 71 (1,700) 300
541500 Garage-Variable 200 (200)
541600 Building and Maintenance-Variable 128 200 200
4,400 1,493 (1,900) 2,500
Transfers Out:
590200 General Fund- Admistrative 119,630 39,877 119,630
590200 General Fund-Jolly Trolley 50,000 16,667 50,000
590600 Parking Fund - Checkers, Inc. 11 ,150 2,430 (3,600) 7,550
590600 Parking Fund - Saturday Downtown 15,000 5,000 15,000
590600 Parking Fund - Harborview 6,360 2,120 6,360
592400 Parking Fund - Garden Garage 21,000 7,000 21,000
592400 Miscellaneous Redevelopment Proj. 2,300 27,905 30,205
225,440 73,093 24,305 249,745
Total Expenditures 292,980 81,552 2,965 295,945
Excess of Revenues Over Expenditures
170,019
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