14-02RESOLUTION NO 14 -02
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA, ADOPTING THE CRA
FY2013/14 AMENDMENTS TO ANNUAL OPERATING
BUDGET AND CAPITAL BUDGETS; PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the Community Redevelopment Agency (CRA) annual budget
requirements have been clarified and Section 189.418(3), of the Florida Statutes
require that CRA's adopt their annual budgets by resolution; now, therefore,
BE IT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA:
Section 1. Adopt the FY2013/14 AMENDMENTS TO CRA Operating and Capital
Budgets as outlined on Exhibit A.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 15th day of September, 2014.
— ctejrke f\crck1-03
George N. Cretekos
Chairman
Approved as to form: Attest:
Pamela . Akin
City Attorney
u. ()tat
Rosemarie Call
City Clerk
Resolution No. 14 -02
Community Redevelopment Agency
Year End Review
For the Ten Month Period of October 1, 2013 -July 31, 2014
Revenues & Transfers In
Tax Increment Financing Revenues
338930 Pinellas County
381115 City of Clearwater
381116 Downtown Development Board
Total TIF Revenues
Other Revenues
361101 Interest Eamings
369901 Other General Revenue
Transfers In
2013/14 Revenue! Mid Year
Adopted Expenditures Proposed Amended Amend
Budget To Date Amendments Budget Ref
788,531 783,525 (5,006) 783.525 1
781,541 756,339 (5,202) 756,339 1
142,573 141,668 (905) 141,668 1
1,692,645 1,681,532 (11,113) 1,681,532
40,000 66,916 26,916 66.916 2
965 965 965 3.
381782 DOB Administration 83,724
381782 Loan Payment From DDB 7,848
381710 Clearwater Auto Tax Credit -
388181 Special Program Fund - Transfer In
388388 CRA Capital !mprov Fund - Transfer In
Use of Fund Reserves
389902 Allocation of Prior Year Reserves
Total Revenues & Transfers In 1,804,217 2,459,192 685,595 2,469,812
Expenditures & Transfers 0i4
Operating Expenditures
530100 Professional Services 60,000 2,450 .60,000
540300 Telephone Variable 1,000 921 1,000
540700 Postal Service 500 500
542200 Electric- Utility Charges 1.000 1,000
542500 Postage 200 55 200
543100 Advertising 5,000 5,000
543200 Other Promotional Activities 5,000 270 5,000
543400 Printing & Binding 2.500 362 2.500
544100 Equipment Rental 123 -
547100 Uniforms 150 150
547200 Employee Expense - Travel 5,000 5,000
547300 Mileage Reimbursement 1,300 178 1,300
548000 Other Services 2,000 1,244 2,000
550100 Office Supples 1,000 579 1,000
550400 Operating Supplies 3,000 3,1)00
557100 Memberships. and Subscriptions 2,000 2,454 2,000
557300 Training and Reference 2.000 609 2,000
581000 Payments to Other Agencies -DDB 142,573 141,668 (905) 141,668 1
581000 Payments to Other Agencies - Blast Friday 75,000 75.000 75,000
582000 Aid to Private Organizations 6,000 6,000 6,000
Total Operating Expenditures 315,223 231.913 (905) 314,318
Transfers Out
590200 General Fund- Administrative 364,088 303,406 364,088
590800 Downtown Redevelopment (94714) 666,500 668,500 6
590800 East Gateway Project (94849) 164,786 164,786 164,788
590800 Cleveland Street Branding (94853) 10,000 10,000 10,000
590800 Cleveland Street Maintenance (99968) 20,000 20,000 20,000
590800 Capitol Theatre Contribution (94872) 141.589 141,589 141,589
590800 Restricted County TIF Funds 788,531 788;531 788,531
Total Transfers Out 1,488,994 1,428,312 656,500 2,155,494
Total Expenditures S Transfers Out 1,804,217 1,6811-,225 865,595 2,469,812
60,952 63,724
7,848
194,648 194,648 194,648 4
454,179 454,179 454,179 5
Excess of Revenues S Transfers In Over
Expenditures & Transfers Out 798,967
Budget Amendments to Operating Budget
1 To adjust budgeted revenue to actual TIF receipts, and adjust the related payment to the DOB to match actual receipts.
2 To adjust budgeted interest revenue to actual receipts to date.
3 To adjust miscellaneous other revenue to actual receipts to date.
To recognize the.iransfer -in of funds from Special Program project 181 - 99802. Brownfield Revolving Loan Fund, to
4 recognize the 30% forgiven balance of the Clearwater Auto interfund loan.
To recognize the transfer -in of funds from CRA project 388- 94856. Cleveland Auto EPA Loan #2. to provide the
5 necessary cash for the repayment of the Clearwater Auto loan.
To adjust the budget transfer to the Downtown Redevelopment project by 5665,500 to recognize the additional
proceeds for the repayment of the Clearwater Auto loans, net of the miscellaneous revenue and expenditure
6 amendments noted above.
Community Redevelopment Agency
CRA Capital Improvement Project Fund
Year End Review
For the Ten Month Period of October 1, 2013 -July 31, 2014
Project Mrendmente
Mid Year Actual Expenditures
Project Budget Proposed Amended Project Open Available Amend
# Description 10/112014 Amendments Budget To Date Encumbr Balance Status Ref
388-94714 Downtown Redevelopment 1,332,971 615,004 1,947,975 322,413 1,625,582 1,2,3
388 -94765 IMR Development 99,271 99,271 4,580 94,611
388 -94847 Clearwater: Centre -1100 Cleveland 620,000 620,000 505,917 114,083
388 -94849 East Gateway 1,129,974 1.129.974 1,022,176 107,798
388 -94851 Affordable Housing 250,000 250.000 250,000
388 -94862 Retail Attraction/Assistance 435,000 435,000 323,588 24,597 86,815
388 -94853 Cleveland District Branding 186.000 186,000 85,346 100,854
388 -94855 Cleveland Auto EPA Loan #2 454,179 454,179 454,179 0 C
386-94856 Marriott Residence Inn 275,152 275,152 227,617 47,535
388 -94859 Station Square Development 460,000 460,000 460,000
388 -94860 Waters Edge (Opus) 975,656 31,544 1,007,200 1,007,200 0 C 3
388 -94862 Car Pro Site 325,000 325,000 311,879 13,121
358 -94885 Rule Development 150,000 (10,208) 139,792 139,792 0 C 4
388 -94868 Economy Inn Debt 714,000 714,000
714,000
388 -94867 St. Vincent DePaul Prop Acq 525,000 625,000 825,000 0 C
388 -94868 Economy Inn Demolition 227,473 227,473 143,523 53,950
388 -94870 Capitol Theatre Contribution 969.840 30,160 1,000,000 1;000,000 0 C 2
388 -94872 Technology District Incentives 200,000 200,000 15,583 29.517 154.900
388 -94876 Park Avenue Property Acquisition 255.000 255,000 255,000 0
388 -94877 Property Acq -1021 Park Street 165,000 185,000 165,000 0
388 -99963 Economic Development Incentive 153,861 153,881 70.575 52,986
388 -99988 Cleveland Street Maintenancir 112,676 112,676 .35.846 74,030
388 -99979 Historical Facade Program 262,165 262,165 64.753 197,412
388 -99881 Clearwater Auto Ske - General 187,659 187,659 7,167 180.492
388 -99988 Mediterranean Village 259,538 259,538 96,404 7,859 155,274
Total
Budget Amendments to Projects
10,625,414 558,500 11,491,914 6,686,717 81,973 4.543,25
To adjust the budget transfer to the Downtown Redevelopment project by $668,500 to recognize the additional proceeds for the repayment of the
1 Clearwater Auto loans, and adjusted for the amendments noted below (items 2,3, and 4).
To transfer 630,160 from 388 - 94714, Downtown Redevelopment, to project 388 - 94870, Capitol Theatre Contribution, to provide the full $1 million CRA
2 contribution to the City construction project
To transfer $31,543.75 from 388 - 94714, Downtown Redevelopment, to project 388 - 94880, WBte(s Edge ( Opus), to provide total funding necessary for
3 this project and to close the project.
To transfer $10,207.57 from 388- 94865. Rule Development to project 388. 94714, Downtown Redevelopment, to close the Rule Development project
4 which is now complete.