02-26-2001
. Agenda/eRA
2-26-01
AGENDA
Community Redevelopment Agency Meeting
Monday - February 26, 2001
1 . Call to Order
2. Approval of Minutes: 1/16/01
3. Adopt amended First Quarter Fiscal Year 2000-2001 CRA budget; authorize
appropriation of entire balance of CRA Trust Fund remaining as of 9/30/01 to CRA '
Miscellaneous Redevelopment CIP
4. Verbal Reports
6. Other Business
6. Adjourn
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Community Redevelopment
Agency
Agenda Cover Memorandum
Agenda Item #
Meeting Date:
3
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SUBJECT/RECOMMENDA TION:
Adopt the Amended Rrst Quarter FY 00101 Community Redevelopment Agency budget and authorize
the appropriation of the entire balance of the CRA Trust Fund that is remaining as of ~ptember 30,2001
to the CRA Miscellaneous Redevelopment Capital Improvement Project.
o and that the appropriate officials be authorized to execute same.
SUMMARY:
Operating revenues and expenditures reflect a net increase of $44,534. The additional revenue is
due to an increase in tax increment revenues from Pinellas County, the City of Clearwater, and the
Downtown Development Soard. This increase is due to the difference between preliminary and final
property tax valuations provided by Pinellas County. The major increases in operating expenditures
include increases to the Miscellaneous Redevelopment Capital Improvement Project in the amount of
$33,076 to support future redevelopment projects and $9,000 to support Main Street Program
activities.
Detailed amendments are noted below:
· The tax increment revenues increased by 45,034 due to difference between the preliminary and
final property valuations.
. The Other Misc. Revenue line item under the Other Revenues section decreased by
$102,107 dollars. The DDS inter-local agreement was $500 less than previously budgeted and
the $101,607 dollars was incorrectly identified on the wrong line item. This amount is accounted
for on the Miscellaneous Redevelopment Fund line item under the Transfers In section.
. Professional Services line item has a $9,000 increase because of Main Street Program activities.
There is a strong need for business recruitment and a marketing plan for business development.
Additionally, the Main Street Committees are looking into other projects that might require
professional services.
. The Payments to Other Aaencies - DDS line item increased by $2,197 to match the increase in
tax increment revenues from the DDS to the eRA.
Transfers Out section has the following change:
. The Miscellaneous Redevelopment Proiect fund line item is increased by $33,076. These funds
are used for redevelopment projects in the eRA district.
Reviewed by:
Legal ~ Police Dept. NA
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Budget ~ Public Works NA
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Purchasin A DCM/ACM
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Risk Mgmt NA Other NA
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rrvAl
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Originating Dept:
Community Redevelopment
Agencv - Diane Smith
User Depl
Community Redevelopment
Agencv
Attachments - CRA budget
Costs
NfA
Total
Funding Source:
Capitallmprovemenl
FY 2000-01
Current Fiscal Year
Operating
Other
Submitted by: ~ ~"lA.-
Appropriation Code:
o None
o Printed on recycled paper
2/98
Rev.
Communitv Redevelopment Agencv I
October 1, 2000 . September 30,2001 I
1 1
I 1 Pro Dosed 1 First Quarter
, FY 00/01 I Proposed
,
1 I FY 00/01
I I BudQet I BudQet
Millage i I I
Operatinq_ Revenues I I ,
._-....
Tu Increment Revenues i
338930! 1 Pinellas County 'I 207,211! 239.264
I
3811151 I 206,5221 219,306
City of Clearwater I
3811161 I Downtown Development Board 37,6531 39.650
I ,
I I , !
.----+--
Other Revenues 1 I ,
--+-
3611011 jlnterest Earnings L-.-~~._~l- 10,000
3621011 I Rental Income - Station Square Park ~, 21.7501 21,750
3699011 I Other Mise Revenue 151.9551 49,646
I I j I
Transfers In i
3817151 Miscellaneous Redev. Fund 1 , 101,607
364103 : loan Proceeds from Central Ins I
I Total Revenues 637,091 1 681,625
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1 1
Other Operating Expenses I 1
5301001 I Professional Services I 10,0001 19,000
530300 I I Other Contractual Services [ 3.0001 3,000
534200 Incentive Expense 11.2001 11,200
542500 I Postaee 1001 200
5431001 Advertising 6.5001 6.500
543200 Other Promotional Activities ---i 12.0001 12,000
543400 i Printing & Binding 1.0001 1,000
5472001 Employee Expense- Travel 10.0001 10,000
5473001 Employee Expense-Auto Allowance 1.0001 1,000
5474001 Emplovee Expense-Meals 2001 200
5480001 Other Services ! 161
5501001 Office Supplies 2.000 2,000
5504001 Operating Supplies 4.000 4,000
5571001 Memberships and Subscriptions 4.000 4,000
5573001 Trainlna and Reference 4.000 4,000
571200 Principal payment for loan 92.415 92,415
571220 Interest payment for loan 66.344 66,344
581000 Payments to Other Agencies-DDB 37.6531 39.850
5820001 Aid to Private Organizations 55.0001 55,000
1 320.4121 331,870
Capital Expenditures I
5601001 land Dimmitt Property 1
56400 Furniture & Office Equipment 01 0
1
1
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Internal Service I
5402001 Document Reproduction 2.0001 2,000
5407001 Postal Service 5001 500
5413001 Print Shop 1.5001 1,500
5415001 Garage variable I 5001 500
1 I 4.500 1 4,500
Transfers Out:
590200 General Fund- Admistrative 192.000 192,000
590600 Parking Fund - Saturday Downtown __.15,000 15,000
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590600 Parkina Fund. Harborview 6.360 6,360
592400 Parkina Fund. Garden Garage 22.470 22,470
590800 Eco, Devlpmntlncentive fund 23.678 23,678
590800 IMR landscaping fund 44.062 44,062
592400 Miscellaneous Redevelopment Proj. 8.609 41,685
312.1791 345,255
1
Total Expenditures 637,091 1 681,625
Excess of Revenues Over Expenditures . I .