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11-01RESOLUTION NO 11-01 A RESOLUTION OF' THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, ADOPTING THE CRA FY2011/12 ANNUAL OPERATING BUDGET; PROVIDING AN EFFECTIVE DATE. WHEREAS, the Community Redevelopment Agency (CRA) annual budget requirements have been clarified and Section 189.418(3), af the Florida Statutes require that CRA's adopt their annual budgets by resolutian; now, therefore, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA: Section 1. Adopt the FY2011 /12 CRA Operating Budget as outlined an Exhibit A. Section 2. This resalution shall take effect immediately upon adoption. PASSED AND ADOPTED this 29th day af August, 2011. Approved as ta form: Pamela K. Akin Attorney for the Community Redevelopment Agency --�.�-�� ' . Frank V. Hibbard Chairman af the Community Redevelopment Agency Attest: r Rosemarie Call City Clerk ;�oF rHE�I+�`�, I��� �� i �, � � � � ���T�� Resolution No.11-01 ....-- ----�._...---... .._ - - - ---- ... ..... ._._..._ __ PrOposed Budget _ _ ___ October 1, 2011- Se tember 30, 2012 -------.... ..... _.... . ..-- Exhibit A 2010-2011 2011-2012 __ _... ------.._...._..._. AmandAd Proposed ---- . .__.. _._. . ._ aua -.-t _ . ._ - -- s�a �t Reven�ar 8 Transfers In .,._.,..,.,, _. .. _..--- ---- ..... .. ....... .. - - Tax Increment Flnanc7n Revenues _. ---....... . . _... - 33893� _ Pinellas County _ 808,711 ,I _ _ __ _ 728,362 381115 City of Clearvvater _ ., ., 871,244 770,2fi. � . -- 381116 Downtown Development Board __„ _.____ 157 851 ' 144,252 __ __ ___ jTotal TIF Revenues _.__. 1,837,8D6 --- --- 1,642,_881 OtherRevenues 361101 Intere _„ in s ______ 150,000 1 __. .. -- st Eam 9 20,U00 ___ _ -- 369901 Other General Revenue 1,376 i _... __._._.... . .._.._...- - Transfers In 381782 DD . .-- f- B Administration 62,170 fi2,170 - --...... �---- 381782 Loan Pa ment From DDB 7,848 7,848 ---........,_ -- -..... ...- ------._. . . _ 381888 Interest from Fund 388 --.,..._..-- -._ ....__ -_....... ___. Clw Auto Tax Credit 417,432 _....__ _._...._...... _.._ . . .. ....... Reserv95 ._......._. _.... .. ---- . .... ------ 389902 Allocation of Reserves 224 473 Total Re ^ venues 8 transfers In 2,2$3,673 $2,250,331 Exnenditures & Trangfer� . ._ --- -.... .. .--.- Out � 5301 UO ( Professional Services . _ _ 530300 EX Cant actual Service � _. Pg_. -_...._..._ 60,000 6D,000 � s . � - 75.000 p - ............... -- -.. 540200 DocumentRe_roduction ___. ......._.___.__-___ 0 540300 Tele hone Variable 1,500 1,500 54p7p0 Postal Service 2,000 2,000 541500 Gara e Variable 3,600 3,60� -._.. .. _......_... _... -_. 542300 Gas, Water, Sanitation - � --- --- ........ ..... .. ..-- 542500 Posta e 200 200 543100 ... ._... Advertising .............. ....._...... _ 10,000_ .... ---- �p,000, ...__. 543200 Other Promotional Activities 10,000 10,p00 ---- -- inding _ . -_-- 5,000 5,000 ^ 543400 Printin & B 547100 Uniforms 150 150 547200 Em lo ee �xpense-Travel ,_ ___ , 5,OD0 5,000 548000 Other Services 2,2D0 2,200 55010� Office Su lies 1,000 1,000 - -- - ------...__..... ...--- 550400 Operatin� Supplies _ „ „ _ _. . __ 3,000 3,000 557100 Membershi s and Subscrptions ' 4,Qq0 _ 4,OD0 � 5573D0 Trainin and Reference 4,000 4,OD0 581000 Payments to Other Agencies-DDB „_. _..._ 162,352 144,252 ^� 581000 Payments to Other A encies-Ruth Eckerd Hall 148,000 _ 148,000 581000 Pa ments to Ot --.. ___ her Agencies-Blast Frida 75,000 582000 Aid to Private Or anizations 6 000 6,000 - _.. ..._. _._. .. , - ToWI Q ratin Expenditures _ � 503,002 484 902 -P�..._ _9 Debt Pa ments Econom Inn-Interest on Loan 66,50U 66,500 ------ -.._ ..... ........_ --- Total Debt 66,500 66,500 _.._. .... ___._.._ Transfers Out 59020U General Fund- Administrative 365,487 355,801 590800 Strestsat , _ eway Project (94849) � 140.422 150,797 590800 EastG ..---- -.. 2(92275) -�-- _-209,729 � ca e Phase . _ 590800 Waterls Edse�� uA - - I ----�-- � s) 130,374 11 � aintenance (99968) 10,OOU 10,__0 _ .. ...--- _....__ _... _..--- 5�808 ---- - -- -- - .._ . ..----- 590800 _ Station Square DA � 590800 Marrivtt Residence Inn (94856 -.__..._, . ... ---- 30,394 - _ _ 32,219 590800 Econom Inn A uistion/ Demolition 224,473 --- ---... . _... _ . ..--- ----. _. .. . 590800 Econ� Inn - -._.._ . 5908D0 Restricted County TIF Funds 851,275 _ 728,362 � 590800' Fa de Im rovement Grant Fund _ 590800 Downtown Redevelop _..__. ment Fund __ ___ 247,983 305,942 _......----- -- --- --. . -- -- _.. _' ro Site --... . _ .. ' _... ---I- 580800 Reta I A le Housin� Projects (94851) �--._._.._. _... .I�.. ......---.- ,..._...... da ---.... ttractionlAssistance (94852) ____ _ _.__. ___ 590800 Cleveland Street eranding (94853)_ __ - Total Transfers Out 1,714,171 1 698 929 ' Total Expenditures 8 Transfers Qut 2,283,673 2,250,331 Excess of Revenues 8 Transfers In Over Ex enditur---- - - p es & Transfers Qut