01-19-1999
Agenda/eRA
1-19-99
AGENDA
Community Redevelopment Agency Meeting
Tuesday - January 19, 1999
1 . Call to Order
2. Approval of Minutes: 10/12/98 & special meeting 10/15/98
3. Appoint a CRA Trustee to the Executive Steering Committee for the Downtown
Clearwater Joint Venture for the Main Street Program
4. Approve amended First Quarter Fiscal Year 1998-99 CRA budget
5. Approve establishment of an Economic Development Incentive Project Fund
6. Assistant City Manager Verbal Reports
7. Other Business
8. Adjourn
eRA '3
\.... I. r.. il'ln Item #:
Clearwater
Community Redevelopment
Agency
Agenda Cover Memorandum
Final Agenda Item #
"'eeting Date:
I ' I cr . cr1
SUBJECT/RECOMMENDA TlON:
Appoint a CRA Trustee to the Executive Steering Committee for the Downtown Clearwater Joint
Venture for the Main Street Program.
o and that the appropriatl' officials be authorized to execute 5.1I11e.
SUMMARY:
. The Executive Steering Committee is composed of: the CRA Executive Director; a CRA Trustee and a
Downtown Development Board (DDS) Member.
. The Executive Steering Committee will:
1. identify organizational goals, facilitate and support the Promotion, Design and Economic Restructuring
Project Committees;
2. receive input from the project committees and identify funding sources to support their programs;
3. brief the CRA and the DDB at their meetings; and
4. convene monthly as the Downtown Clearwater Joint Venture.
. An Executive Steering Committee member can be a member of a project committee.
. The Downtown Clearwater Joint Venture is composed of the Executive Steering Committee plus the co-
chairs of the project committees, and the OutreachNolunteer/Fundraising Chair.
. The Main Street Program Coordinator will report to the Executive Director of the CRA.
Reviewed by:
legal N/A
Budget N/A
Purchasing N/A
Risk "'gmt N/A
Originating Dept:
CRA
Total
Costs
Info Srvc N/A
Public Works N/A
DCtv\/ACM
Other
Current FY
Funding Source:
(I
or
Ollll'r
Attachments
Submitted by:
City Manager
n' 'J K/B
o I'. one
Appropri.1tion Code:
Printed on recycled p.1pef
Rev. 2/<)11
~ ((. /\
i
k."__...I",, Item #:
I AgrndJ Itpm II
tvll'pting DJte:
al valuation on taxable values
ent Board.
because it was based on an
)91.
Ie and can not be taxable for
ry 1, 1998.
:i
lIe.
Jill Station Square Parking Lot.
h results in no net effect on the
iggest reduction is in
:his year. As a Main Streel
=fset the reduction in this line
Commission Action:
o Approved
lolal 0 Approved with Condition~
o Denied
'al Year 0 Continued \0:
Att.lchments:
o NOlle
1st Qtr. Amended '98-99 budget
~KA 4
Community Redevelopment Agency
FY 98-99 Budget
Final Approved Proposed
FY 97/98 FY 98/99 FY 98/99 Increase
Budget Budget 1 st atr. (Decrease)
Budget
OperatinQ Revenues
Tax Increment Revenues
338930 Pine lias County 119,350 156.436 136,570 (19,866)
381115 City of Clea/Water 110,250 144,510 126,158 (18,352)
381116 Downtown Development Soard 21,550 28,275 24,660 (3,615)
Other Revenues
361101 Interest Eamings 15,000 8.000 8,000 -
361103 Interest Earnings on Escrow 4.860 -
362101 Rental Income - Garden Ave Garage 21.750 15,750 21,750 6,000
364220 Sale of Building 129,452 129,452
366906 Donations 2,000 -
369088 CRA. - MaintlPromotion 550 400 400 -
369901 Other Misc Revenue 300 300 4,399 4,099
Transfers In
381735 Rental Income-Station Sq. Park -
381782 Downtown Devetopment Bd.-Atrium 7,190 7,000 7,352 352
Msce/laneous Redev. Fund -
Total Revenues 302,800 360,671 458,741 98,070
OperatinQ Expenditures
Other Operating Expenses
530100 Professional Services 17,000 45,500 30,000 (15,500)
530300 Other Contractual Services 4,900 8,000 5,000 (3,000)
542200 Utilities-Etectric -
542300 Utilities-GaslWaterlSanitation 100 -
542500 Postage 200 200 150 (50)
543100 Advertising 9,000 1 0,000 9,000 (1,000)
543200 Other Promotional Activities 10,000 15,000 12,000 (3,000)
544100 Equipment Rental -
547200 Employee Expense-Travel 6,500 8,000 6,500 (1,500)
547300 Employee Expense-Auto Allowance 50 200 50 (1 50)
547400 Employee Expense-Meals 50 100 50 . (50)
550100 Office Supplies 1,000 1,000 800 (200)
550400 Operating Supplies 970 2,000 1,000 (1,000)
557100 Memberships and Subscriptions 4,430 5,500 4,500 (1,000)
557300 Training and Reference 4,500 4,225 3,600 (425)
581000 Payments to Other Agencies-DDS 21,550 26,275 24,660 (3,615)
80,250 128,000 97.510 (30,490)
Page 1
Clearwater
Community Redevelopment
Agency
Agenda Cover Memorandum
eRA-
.. \\" l..,cBion Item #:
s
Final Agenda lIem #
Meeting Date:
SUBJECT/RECOMMEN DA liON:
Approve the establishment of a Economic Development Incentive Project Fund, authorize transfer of
$129,452 in Other Revenues - Sale of Buildings to that fund and authorize future revenues from the sale
of properties to be placed in that fund.
~ and that the appropriate officials be duthorized to pxecute Sdme.
SUMMARY:
. Incentives are sometimes necessary in order to encourage the private sector to take the risk to develop or
redevelop property within the CRA.
. A separate fund will assure the earmarking of dollars for specific projects and will not be co-mingled with
eRA operating dollars.
. $129,452 from the sale of the property at 1180 Cleveland Street is recommended to be used to initiate
the Economic Development Incentive Project Fund.
. Incentives will be determined based on the redevelopment projects brought forward.
Reviewed by:
Legal
BudKct
Purchasing
Risk Mgml.
IS
ACt.'
Other
Originating Department:
CRA
Costs:
User Drpartment:
r<' CRA
Commission Action:
o ~proved
o ~proved with Conditions
o Denied
Current Fiscal Year 0 Continued to:
Submitted by:
()\ -sR. ~
City MJndger
o Prinled on recycled fNper
Advertised:
Date:
Paper:
o Nol Required
Affected Parties
o NOliiipd
o NOI Requirl'd
Funding Source:
o C.1jlit.,llmprovell1el1l
o Opera'inll
o Olhf!f:
Attachments:
'/'.:. ,~)propriatlo~. Code
.' ...,..:.....
o None
ROLL NO.
\
\
\
\
Agenda/eRA .
. 1-19-99
AGENDA
Community Redevelopment Agency Meeting
Tuesday - January 19, 1999
1 . Call to Order
2. Approval of Minutes: 10/12/98 & special meeting 10/15/98
3. Appoint a CRA Trustee to the Executive Steering Committee for the Downtown
Clearwater Joint Venture for the Main Street Program
4. Approve amended First Quarter Fiscal Year 1998-99 eRA budget
5. Approve establishment of an Economic Development Incentive Project Fund
6. Assistant City Manager Verbal Reports
7. Other Business
8. Adjourn
,~~~ :c
~I .__ [t:j
... =- ~
~TEl., <c~
------
Clearwater
Community Redevelopment
Agency
Agenda Cover Memorandum
'.~:! ItHn. :Iln Item #:
eRA 3
Final Agend.1 Item #
....'eeting Date:
I . I cr. Q'1
SU B JECT IRECOMMENDA liON:
Appoint a CRA Trustee to the Executive Steering Committee for the Downtown Clearwater Joint
Venture for the Main Street Program.
o and that the appropriate officials be authorized to l'xecute same.
SUMMARY:
.
The Executive Steering Committee is composed of: the CRA Executive Director; a CRA Trustee and a
Downtown Development Soard (DDS) Member.
The Executive Steering Committee will:
1. identify organizational goals, facilitate and support the Promotion, Design and Economic Restructuring
Project Committees;
2. receive input from the project committees and identify funding sources to support their programs;
3. brief the CRA and the DDS at their meetings; and
4. convene monthly as the Downtown Clearwater Joint Venture.
An Executive Steering Committee member can be a member of a project committee.
The Downtown Clearwater Joint Venture is composed of the Executive Steering Committee plus the co-
chairs of the project committees, and the OutreachNolunteer/Fundraising Chair.
The Main Street Program Coordinator will report to the Executive Director of the CRA.
'-
.
.
.
.
Reviewed by: Originating Oept:
legal N/A Info Srvc N/A CRA
- -
Budget N/A Public Works N/A User Dep~
- -
rurchasing N/A DCtvVACM CRA
- - Att.lchments
Risk Mgmt N/A Other
- -
,l
.A
Costs
Total
Current FY
Funding Source:
CI
OP
Other
Submitted by: I
City Manager rr \ 'J R ~
-0 Printed on recycled paper
o None
Appropriation Code:
Rev. 2/98
C1eaIWater
Community Redevelopment
Agency
Agenda Cover Memorandum
ctZA
\\ '" "o~ ~..I~, , Itplll #:
4
Final AgendJ Itplll #
t'v\peting Date:
SUBJECT/RECOMMEN DA liON:
Approve amended first quarter Fiscal Year 98/99 CRA budget.
~ and that the appropriate officiJls be authorized to execute S.lllle.
SUMMARY:
· The revenue budget is corrected to reflect the final Property Appraisers' final valuation on taxable values
and assumes the payment of tax increment from the Downtown Development Board.
· The fiscal 1998-99 operating revenues decreased from the original budget because it was based on an
estimate of the values. The reduction in estimated revenue to final is $41,091.
· The three major adjustments in the values were:
1. The IMRglobal property which was considered as taxable in the estimate and can not be taxable for
this fiscal year because it was not in the IMRglobal ownership on January 1, 1998.
2. Cleveland Plaza decreased in value by $400,000 from the estimate; and
3. Nations Bank Building decreased in value by $600,000 from the estimate.
· The Rental Income Revenue increased by $6,000 to include the income from Station Square Parking Lot.
· The sale of the 1180 Cleveland Street property is a pass through item which results in no net effect on the
budget.
· Almost every line item in the Operating Expenditures was reduced. The biggest reduction is in
Professional Services which may impact the studies we will be able to do this year. As a Main Street
community, we can tap into services at a reduced fee. This should help offset the reduction in this line
item. Other impacts will be that promotions may have to be reduced.
Reviewed by:
Legal
Budgl't
Purrha~ing
Ri~k Mgmt.
IS
ACM
Other
Origin.lting Dep.1rtment:
CRA
Costs:
Tololl
Commission Action:
o Approved
o Approved with Condition~
o Denied
o Conlinued to:
User Department: a
CRA 1'\
Current fiscoll Y~olr
.)
\
Advenised:
Dale:
Pdper:
o '01 Rl'quirpd
Affected P.uties
o i'o;otified
o '01 R('Quirpd
Funding Source:
o Collli'''' hllpro\\.'fll<-'Ol:
o Op...r.1fH1R
o OIher
Att.lchrnents:
Submitted by:
Clly ~~:~,~R ~
o Printed on recycled p.lper
A"propri.llion Code
o None
1st Otr. Amended '98-99 budget
CKA 4
Community Redevelopment Agency
FY 98-99 Budget
Final Approved Proposed
FY 97/98 FY 98/99 FY 98/99 Increase
Budget Budget 1 st Qtr. (Decrease)
Budget
Operatina Revenues
Tax Increment Revenues
338930 Pine lias County 119,350 156.436 136,570 (19,866)
381115 City of Clearwater 110,250 144,510 126.158 (18,352)
381116 Downtown Development Board 21,550 28,275 24,660 (3,615)
Other Revenues
361101 Interest Earnings 15,000 8.000 8.000 .
361103 Interest Earnings on Escrow 4,860 -
362101 Rental Income - Garden Ave Garage 21,750 15,750 21,750 6,000
364220 Sale of Building 129.452 129.452
366906 Donations 2,000 -
369088 CRA - MainUPromotion 550 400 400 -
369901 Other Misc Revenue 300 300 4,399 4,099
Transfers In
381735 Rental Income-Station Sq. Park .
381782 Downtown Development Bd.-Atrium 7,190 7,000 7,352 352
Mscellaneous Redev. Fund -
Total Revenues 302,800 360,611 458,741 98,070
Operatina Expenditures
Other Operating Expenses
530100 Professional Services 17,000 45,500 30,000 (15,500)
530300 Other Contractual Services 4,900 8.000 5,000 (3,000)
542200 Utilities-Electric -
542300 Utilities-GaslWaterlSanitation 100 .
542500 Postage 200 200 150 (50)
543100 Advertising 9,000 10,000 9.000 (1,000)
543200 Other Promotional Activities 10,000 15,000 12,000 (3,000)
544100 Equipment Rental -
547200 Employee Expense-Travel 6,500 8.000 6.500 (1,500)
547300 Employee Expense-Auto Allowance 50 200 50 (150)
547400 Employee Expense-Meals 50 100 50 (50)
550100 Office Supplies 1,000 1,000 800 (200)
550400 Operating Supplies 970 2.000 1,000 (1,000)
557100 Memberships and Subscriptions 4,430 5,500 4,500 (1,000)
557300 Training and Reference 4,500 4,225 3,800 (425)
581000 Payments to Other Agencies-DDB 21,550 28.275 24.660 (3,615)
80,250 128,000 97.510 (30.490)
Page 1
1 st Qtr. Amended '98-99 budget
Internal Service
540200 Document Reproduction 1,600 ! 800 500 (300)
540600 Telephone Service Fixed 1
540700 Postal Service 100 i 220 150 (70)
541300 Print Shop 450 I 1,500 978 (522)
I
541500 Garage-Variable 100 !
541600 Building and Maintenance-Variable 150 i
2,400 1 2,5201 1,628 892
Transfers Out: I 132,7911
I
590200 General Fund- Admistrative 119,630 I 132,791
I
590200 General Fund-Jolly Trolley 50,000 ! 50,0001 50,000
590600 Parking Fund - Checkers, Inc. 4,860 I 15,0001
590600 Parking Fund - Saturday Downtown 15,000 i 15,000
590600 Parking Fund - Harborview 6,360 ! 6,360 6,360
592400 Parking Fund - Garden Garage 21,000 I 21,000 21,000
Special Projects-Saturday in City 3,300 5,000 5,000
592400 Misc.Redvlp.Proj.Facade Imprv.Grant I
I
Economic Development Incentive Proj. I 129,452 129.452
I
220,150 ! 230,151! 359,603 129.452
I i
Total Expenditures 302,800 I 360,671 ! 458,741 98,070
I
I
Excess of Revenues Over Expenditures oj 0
Page 2
Clearwater
Community Redevelopment
Agency
Agenda Cover Memorandum
eRA
\\'...11 k;1(;:J!tion Iten, #:
s
Fincll AgendJ Item #
Meeting DJte:
SUBJECT/RECOMMEN DA liON:
Approve the establishment of a Economic Development Incentive Project Fund, authorize transfer of
$129,452 in Other Revenues - Sale of Buildings to that fund and authorize future revenues from the sale
of properties to be placed in that fund.
1&1 and that the appropriate officials be authorized to execute SJme.
SUMMARY:
· Incentives are sometimes necessary in order to encourage the private sector to take the risk to develop or
redevelop property within the CRA.
· A separate fund will assure the earmarking of dollars for specific projects and will not be co-mingled with
CRA operating dollars.
· $129,452 from the sale of the property at 1180 Cleveland Street is recommended to be used to initiate
the Economic Development Incentive Project Fund.
· Incentives will be determined based on the redevelopment projects brought forward.
Reviewed by: .
legal
Budgel
Purchasing
Risk Mgml.
IS
ACM
Other
N1A
?V
Originatinl Department:
CRA
COlt5:
User Department:
((" CRA
Funding Source:
o C"pllal tmprO\'I!ml'nl.
o Operilling
o 0111f!r
Commission Action:
o Approved
o Approved with Conditions
o Denied
o Continued to:
Submitted by:
n\ -sR. ~
City Manilger
o Printed on recycled pa~
Advertised:
Date:
Paper:
o Nol Requirl'd
Affected Parties
o Notiiit'd
o Not Rt'quirl'd
Attach men Is:
~)\Gi~lllrOprl,"lol1 Code
o None