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09-18-2000 Agenda/eRA 9-18-00 ! AGENDA Community Redevelopment Agency Meeting September 18, 2000 1. Call to Order 2. Approval of Minutes: 6/12/00 3. 'nterlocal Agreement with Downtown Development Board, CRA to provide personnel, administrative & management responsibilities in exchange for $42,000 during Fiscal Year 2000-2001 4. Adopt Fiscal Year 2000-2001 CRA budget 5. Approve amended Third Quarter Fiscal Year 1999-2000 CRA budget; authorize appropriation of entire balance of CRA Trust Fund remaining as of 9/30/00 to Misc. Redevelopment Project 6. Executive Director (Assistant City Manager) Verbal Reports 7. Other Business 8. Adjourn :' (.' -- e":.1i.U." M~ <::i _"I, . ~ ="- ~ ~=- ~ ~~rEl. \~ Meeting Date: CV~ 3 9 11;.00 Community Redevelopment Agency Agenda Cover Memorandum Final Agenda Item # SUB JECT/RECOMMEN DA liON: Approve the Interlocal Agreement with the Downtown Development Board (DDB) for the CRA to provide personnel, administrative and management responsibilities in exchange for $42,000 during Fiscal Year 2000-01. X and thiltthe appropriate ofiicials be ilulhorized to execute same. SUMMARY: · The CRA Trustees executed an Interlocal Agreement with the DDS in Fiscal Year 1999-2000 to provide personnel, administrative and management responsibilities to the DDS for a one-year period ending on September 30, 2000. The CRA and the ODB would like to continue the relationship for the 2000-0lfiscal year. · The agreement between the CRA and the DOB states the CRA wi II provide a comprehensive scope of administrative and programmatic functions to the DDS. · The management of the DDS by CRA staff enables the CRA and the DoB to utilize the public dollars more efficiently. . The DDB shall pay the CRA $3,500 per month for the services agreed to in the Interlocal Agreement. The DDB IS estimated share of the CRA tax increment revenues for Fiscal Year 2000/01 is $37,653. The compensation shall be deducted from the tax increment payment. Once the tax increment funds are exhausted, the compensation shall be paid from DDB funds budgeted for that purpose. RevIewed II Legal L-. Info Tech NA Budget ~ - Public Works NA Purchasing A - DCM/ACM - - RiskMgmt NA Other NA - - originating~: CRA r\. UEI'Dept. eRA (P Costs Total Funding Source: Capitllllmpro\'ellleUI Current fiscal Year and FY 00101 Attachments ~'l'r.'i"g OIlier Suhmitted hy: ~ ~~ t. City M,lna\ter o Printl'd on recycll'<! p.lper o None Appropriation Code: 188-093110590200-552"()OO Rev. 2/98 ... .. ~ ,~~ ~~ -= ~ =~ ~Tf(~ -- Cbmmunity Redevelopment Pgency Pgenda Cbver Mmorandum Agenda Item # C r ~ '-f Meeting Date: q '/8 . co SJ B.ET/RECOM M 8\J DA 11 0 N : Adopt the FY 00/01 Community Redevelopment Agency budget. D and that the appropriate officials be authorized to execute same, SJMMARY: . The tax increment revenues a-e b~ upon the estimated taxable property values. A Rrst Quarter budget anendment will be made to adjust for the final taxable property values. . The other mi~lIa1eous revenue line item includes $101,607 tra1&erred out of the Economic Development Incentive fund to cover the costs for the Dimmitt Property IOa1 from the Central Ins.Jn:l1ce Pool. . The operating expense line items have minimal chcnges from the previous yecr. The incentive expense line item is the bala1ce of the CRA's commitment per the Wakely & ASSJciates agreement for pa-ki ng. . The IMR la1ds:aping fund dol I Cl'S have signifiCCl'ltly increased becaJse most of the IMRdevelopment is on the tax rolls. The development agreement requires the eRA to deposit funds for a three yea- period. --~~ Legal Pollee Dept. NA - Budget Public Works NA Purchasi ng NA - DCM/ACM Risk Mgmt - - NA Other NA - - Originating Dept: Convnunity Redeiel ~ eo.s N/A Total u.. Dept. Community - .~ Funding Source: Clpilllll~llmlIlt FY 2000~1 Current RscaI Year Attachmentl- eRA budget Openting Oth<< 9Jbmltted by: '&.It ~ Copy of FOOT Permit Application o None Appropriation Code: o Printed on recycled pIPllI' Rev. 2/98 . Community Redevelopment Agency October 1, 2000 . September 30, 2001 Proposed Proposed 3rd Qtr FY 00/01 99/00 Budget Budget Millage. ODeratlnQ Revenues Tax Increment Revenues 338930 Pinellas County 182,491 207,211 381115 City of Clearwater 171,555 208,522 381116 Downtown Development Board 31,174 37,653 Other Revenues 361101 Interest Earnings 63,000 10,000 362101 Rental Income - Station Square Park 21,750 21,750 369901 Other Misc Revenue 46,200 151,955 Transfers In 381715 Miscellaneous Redev, Fund 79,380 384103 Loan Proceeds from Central Ins 1,171,328 Total Revenues 1.766,878 637.091 Other Operating Expenses 530100 Professional Services 17,825 10,000 530300 Other Contractual Services 3,000 3,000 534200 Incentive Expense 28,000 11,200 542500 Postage 100 100 543100 Advertising 6,500 6,500 543200 Other Promotional Activities 12,000 12,000 543400 Printing & Binding 1,000 1,000 547200 Employee Expense-Travel 10,000 10,000 547300 Employee Expense-Auto Allowance 1,000 1,000 547400 Employee Expense-Meals 200 200 550100 Office Suppfies 2,000 2,000 550400 Operating Supplies 4,500 4,000 557100 MembershIps and Subscriptions 5,000 4,000 557300 Training and Reference 6,000 4,000 571200 Principal payment for loan 44,174 92,415 571220 Interest payment for loan 36,500 66,3.... 581000 Payments to Other Agencies-DDS 31,174 37,653 582000 Ald to Private Organizations 55,000 55,000 263,973 320,412 Capital Expenditures 560100 land Dimmitt Property 1,171,328 56400 Furniture & Office Equipment 1,700 0 1,173,028 Intemal Service 540200 Document Reproduction 2,000 2,000 540700 Postal Service 500 500 541300 Print Shop . 2,000 1,500 541500. Garage variable 250 500 4,750 4,500 Transfers Out: 590200 General Fund- Admistrative 184,013 192,000 590600 Parking Fund - Sau-day Downtown 15,001 15,000 590600 Parking Fund - Harborvlew 6,360 6,360 592400 Parking Fund. Garden Garage 22,470 22,470 590800 Eco. Devlpmnt Incentive fund 84,970 23.678 590800 IMR Landscaping fund 313 44,062 592400 Miscenaneous Redevelopment Proj. 12,000 8,609 325,127 312.179 Total Expenditures 1,766,878 637.091 Excess of Revenues Over Expenditures .~~ '~j rt'JfA TE ~ Conununity Redevelopment Agency Agenda Cover Memorandum Item # L c-. \" G'\.. -.::) Meeting Date: 9. ( '6.00 SUB JECT/RECOMMEN DATION: Approve the amended third quarter FY 99/00 CRA budget and authorize the appropriation of the entire balance of the CRA Trust Fund that is remaining as of September 30, 2000 to the Miscellaneous Redevelopment Project Fund. o and that the appropriate officials be authorized to execute same. SUMMARY: The Third Quarter CRA budget reflects several amendments: · On December 6, 1999 the CRA Trustees approved the purchase of the Dimmitt properties, parcels A & B. The City agreed to provide an inter-fund loan of $1,171,328.30 to the CRA in order purchase this property. This loan needed to be accounted for in the CRA budget. Therefore an entry is in the revenue portion of the budget under Transfers In and the expenditure is under the Capital Expenditure part of the budget. · It is estimated the CRA interest earnings will increase by $53,000. The actual interest earnings will be determined at the end of this fiscal year. This increase in interest earnings was split between the Economic Incentive fund and the Miscellaneous Redevelopment Project fund. · The Incentive Fee under the Operating Expenditures portion of the budget was increased by $8,000. This fee is part of the Wakely and Associates agreement to provide $40,000 of parking if they employed more than 96 employees to work in their downtown Clearwater. · Under the Internal Services Charges a garage variable line was added in the amount of $250 to cover the use of City vehicles for business trips that do not require airline travel. =ewe11~ Orl9natlng oept: C~S N/A Police Dept. - NA Community ~ opment Total - Budget -w Public Works NA U., Dept. Funding Source: Purchasing ~ - DCM/ACM Community ~opment Clpltallmprovoment Current Fiscal Year - - - Risk Mgmt NA Other NA Attachments - CRA budget Optlllllllng - - Other ~~a Copy of FOOT Permit Appropriation Code: &Jbmitted by: '&Lt AppII~lon -- o None o Prlnled on recycled paper ~.2/98 ~ Community Redevelopment Agency October 1 . September 30, 2000 Approved 2nd atr. . 99/00 Budget Proposed 3rd atr 99/00 Budget City :-'lillage Rate Owraliml Revenues Tax Increment Revenues 338930 Pine lias County 381115 City of ClealWater 381116 Downtown Development Board Other Revenues 361101 362101 369901 Transfers In 381782 381782 381715 384 1 03 Operating Expenditures 530100 530300 534200 542500 543100 543200 543400 547200 547300 547400 550100 550400 557100 557300 571200 571220 581000 582000 Inlerest Earnings Renlallncome. Station Square Park Other Misc Revenue Downtown Development Bd. Project Downlown Development Bd. Admin fee: Miscellaneous Redev, Fund Loan Proceeds from Cenlral.ins Total Revenues Professional Services Other Contractual Services 'l""fflA"1)"="""f~.,=~'~. "'~~!i""j , ncentNe:&:tees ",-d. ".- .;,~,.,. -.C' . ?-:. ...10',;. ,_U,'_e.:J.L._ ~v... _ .~,..~Q ...~... ,~ Postage Advertising Other Promotional Activities Printing & Binding Employee Expense. Travel Employee Expense-Auto Allowance Employee Expense-Meals Office Supplies Operating Supplies Memberships and Subscriptions Training and Reference Principal payment loan Inlerest pmt loan Payments to Other Agencies-DDS Aid to Private Organizations 182,49t 182.49t 171,555 171,555 31.174 31,174 10,000 63,000 21.750 21,750 51.603 46.200 o o 79,380 547,953 79,360 1.171,328 1,766,878 17,625 3,000 20,000 ' 100 6.500 12.000 1,000 10,000 1,000 200 2,000 4,500 5,000 6,000 44,174 35,206 31,174 55,000 254.679 17,625 3,000 28,()OO 100 6,500 12,000 1,000 10,000 1,000 200 2.000 4,500 5,000 6,000 44,174 36,500 31,174 55,000 263,973 Capital Expenditures 560100 ~IB~~ 564000 Furniture & Office Equipment 1,700 1.700 .~~:1~ 1i1,3~~:: 1.700 1.173,026 Internal Service Charges 540200 Document Reproduction 540700 Postal Service 54t3oo Print Shop 541500 ~~ Transfers Out 590200 590600 590600 592400 590600 590600 592400 General Fund- Admlstlative Parking Fund - Saturday Downlown Parking Fund - Harborvlew Parking Fund. Garden Garage . :{.~Jl ~~'I.::-;Il ~~~.~ /i'~~I"J;t~jft':D;,Jt~~~~~.i IMR Landscaping fund ~~,~~ Excess of Revenues Over Expenditures Tolal Expenditures 2,000 2,000 500 500 2,000 2,000 . ~1 4.500 4,750 184,012 184,013 15,000 15.001 6,360 6,360 22,470 22,470 51,071~ 313 313 7.648~ 287.074 325,127 547.953 1,766,8711 .,'