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08/31/2015Monday, August 31, 2015 1:00 PM City of Clearwater City Hall 112 S. Osceola Avenue Clearwater, FL 33756 City Hall Chambers Community Redevelopment Agency Meeting Agenda August 31, 2015Community Redevelopment Agency Meeting Agenda 1. Call To Order 2. Approval of Minutes 2.1 Approve the minutes of the August 17, 2015 CRA meeting as submitted in written summation by the City Clerk. 3. Citizens to be Heard Regarding Items Not on the Agenda 4. New Business Items 4.1 Approve an Interlocal Agreement between the Clearwater Community Redevelopment Agency (CRA) and the City of Clearwater to provide CRA funding in Fiscal Year 2015-2016 in the amount of $166,596.78 to underwrite the cost of additional Community Policing services by the Clearwater Police Department in the East Gateway CRA District, pursuant to the East Gateway Five-Year Action Program for fiscal years 2012-2017 and authorize the appropriate officials to execute same. 4.2 Amend the operating budget for the Community Redevelopment Agency for fiscal year 2014-15; approve budget amendments to the CRA Capital Improvement Project Fund; and adopt resolution 15-02. 4.3 Approve the Fiscal Year 2015-2016 Community Redevelopment Agency (CRA) Preliminary Budget and adopt CRA 15-03. 5. Adjourn Page 2 City of Clearwater Printed on 8/28/2015 Cover Memo City of Clearwater City Hall 112 S. Osceola Avenue Clearwater, FL 33756 File Number: ID#15-1636 Agenda Date: 8/31/2015 Status: Agenda ReadyVersion: 1 File Type: MinutesIn Control: Community Redevelopment Agency Agenda Number: 2.1 SUBJECT/RECOMMENDATION: Approve the minutes of the August 17, 2015 CRA meeting as submitted in written summation by the City Clerk. SUMMARY: APPROPRIATION CODE AND AMOUNT: USE OF RESERVE FUNDS: Page 1 City of Clearwater Printed on 8/28/2015 Community Redevelopment Agency Meeting Minutes August 17, 2015 City of Clearwater City Hall 112 S. Osceola Avenue Clearwater, FL 33756 Meeting Minutes Monday, August 17, 2015 1:00 PM City Hall Chambers Community Redevelopment Agency Page 1 City of Clearwater Draft Community Redevelopment Agency Meeting Minutes August 17, 2015 Roll Call Present 4 - Chair George N. Cretekos, Trustee Doreen Hock-DiPolito, Trustee Bill Jonson, and Trustee Hoyt Hamilton Absent 1 - Trustee Jay E. Polglaze Also Present – William B. Horne – City Manager, Jill Silverboard – Assistant City Manager, Rod Irwin – CRA Executive Director/Assistant City Manager, Pamela K. Akin – City Attorney, Rosemarie Call – City Clerk, Nicole Sprague – Official Records and Legislative Services Coordinator To provide continui ty for research, items are listed in agenda order although not ne cessarily discussed in that order. Unapproved 1. Call To Order – Chair Cretekos The meeting was called to order at 1:05 p.m. It was stated that Trustee Polglaze was attending a Homeless Leadership Board meeting and unable to attend. 2. Approval of Minutes 2.1 Approve the minutes of the August 3, 2015 CRA meeting as submitted in written summation by the City Clerk. Trustee Hock-DiPolito moved to approve the minutes of the August 3, 2015 CRA meeting as submitted in written summation by the City Clerk. The motion was duly seconded and carried unanimously. 3. Citizens to be Heard Regarding Items Not on the Agenda – None. 4. New Business Items 4.1 Approve staff- recommended Option 3 for ULI Bluff/Coachman/Waterfront Master Plan Development. Staff has outlined three possible processes for the development of the Bluff/Coachman/Waterfront Master Plan development, as recommended in the Urban Land Institute Advisory Panel Report (ULI 1). Page 2 City of Clearwater Draft Community Redevelopment Agency Meeting Minutes August 17, 2015 The first option is to conduct a traditional Master Plan process in which an Request for Proposal (RFP) is released to select a Master Plan Consultant, usually a planning and design firm, who assembles a team with expertise in public engagement, waterfront park planning, and a market studies. This traditional approach does not include a developer component and lacks the economic feasibility and reality check recommended by the ULI Report. The second option is a developer-driven process in which a Request for Qualifications (RFQ) is released to select a Developer Partner who would assemble the expertise needed to develop the Master Plan and bring the vision to reality. While this option is the ULI recommended process, it may be challenging gaining developer interest and receiving quality responses given the uncertainty of the city’s charter restrictions and the current strength of the economy. Given the challenges described in the two processes above, staff recommends a third option which is to conduct a hybrid process. Option three allows the City to commence the Bluff Master Plan process with a qualified consultant while concurrently identifying the appropriate developer participation. This meets two council objectives: 1) early commencement of the master plan process and 2) development options that are market-driven and economically feasible. Should the Community Redevelopment Agency approve the staff recommendation, the Planning and Development Department will prepare an RFP for a master plan consultant to be released in September. The Economic Development and Housing Department will prepare an RFQ for a Developer consultant to work with the Master Plan consultant and provide the economic and financial feasibility component of the options. In the event the City receives insufficient responses to the developer consultant RFQ, there may be other options during the master plan process to gain the developer perspective, including organizing a developer panel. Staff recommends approval of Option 3. Economic Development and Housing Director Geri Campos Lopez provided a PowerPoint presentation. Option 1, Master Plan Consultant, is a more traditional approach and does not include a developer component or economic/financial feasibility of plan components. Option 2, Developer Partner, is the process recommended by ULI. This process may have a longer upfront timeframe and is an uncertain scenario given the challenges with charter restrictions and strong economy. Option 3 is a hybrid of options 1 and 2 and allows staff to move concurrently with the master plan process and economic feasibility of plan Page 3 City of Clearwater Draft Community Redevelopment Agency Meeting Minutes August 17, 2015 components. Ms. Campos Lopez said that the City of Ft. Myers has a similar downtown to Clearwater and proceeded with a RFQ for a master developer to update their plan. Ft. Myers hired a consultant to do the financial analysis in the first phase; the consultant would act as master developer in the second phase if the financial analysis was successful. If Option 3 is approved, Planning and Development will issue the RFP in October. CRA Executive Director Rod Irwin said it would take four to five months to gather data before the public engagement component begins. In response to questions, Mr. Irwin said the community engagement component is expected to begin in March 2016; staff will gather data after the RFP is issued in October. It is critical to have the planning and consulting teams be on board when developing the stakeholder involvement process. The community engagement process is expected to last one year. Ms. Campos Lopez said staff envisions a robust community engagement process; the visioning will be around the Bluff, Coachman Park, and the waterfront. The community engagement activities would be defined in the planning consultant’s Scope of Work. Ms. Campos Lopez said if Option 3 is selected, the developer selected will need to work with the current master planner team. Mr. Irwin said if disagreements between the developer and the planning team occur staff anticipates them coming before the Trustees for direction. The planning consultant will steer the project; the developer will be a reality check on the market conditions to weigh in on the process from the investment side. Ms. Campos Lopez said the Harborview footprint and the City Hall site are the only sites being considered for commercial redevelopment. The options on the waterfront would be limited. Mr. Irwin said a park will not provide the return on investment to a developer as commercial development. There are some revenues and staff planned up to $1 million in the 5-year forecast for the CRA to cover some of the ULI implementation activities. Trustee Jonson moved to approve staff-recommended Option 3 for ULI Bluff/Coachman/Waterfront Master Plan Development. The motion was duly seconded and carried unanimously. Page 4 City of Clearwater Draft Community Redevelopment Agency Meeting Minutes August 17, 2015 5. Adjourn The meeting adjourned at 1:30 p.m. Chair Community Redevelopment Agency Attest City Clerk Page 5 City of Clearwater Draft Cover Memo City of Clearwater City Hall 112 S. Osceola Avenue Clearwater, FL 33756 File Number: ID#15-1609 Agenda Date: 8/31/2015 Status: Agenda ReadyVersion: 1 File Type: Action ItemIn Control: Community Redevelopment Agency Agenda Number: 4.1 SUBJECT/RECOMMENDATION: Approve an Interlocal Agreement between the Clearwater Community Redevelopment Agency (CRA) and the City of Clearwater to provide CRA funding in Fiscal Year 2015-2016 in the amount of $166,596.78 to underwrite the cost of additional Community Policing services by the Clearwater Police Department in the East Gateway CRA District, pursuant to the East Gateway Five-Year Action Program for fiscal years 2012-2017 and authorize the appropriate officials to execute same. SUMMARY: On October 15, 2012, the CRA approved the East Gateway District Five-Year Action Program for FY 2012-2017. The Action Program responded to public input on the issues of drug dealing, prostitution and street crime by including an action item for the continuation of increased police presence and crime reduction within the East Gateway District. An allowable funding source of this action item is the use of CRA Tax Increment Financing (TIF) funds. Florida Statues allows for the use of TIF funds for community policing innovations in Community Redevelopment Areas. The CRA and Clearwater Police Department have reached an agreement on a proposed scope of services and terms as delineated in the Interlocal Agreement. Included in the scope is the delineation of specific, measurable crime reduction targets by which to monitor the success of the initiative as well as providing clear language required by statute assuring that the resources are applied to the CRA/East Gateway area. Funding will be from the CRA East Gateway Project account (388-94849). APPROPRIATION CODE AND AMOUNT: 388-94849 $166,596.78 Funding will be from the CRA East Gateway Project 388-94849. $166,596.78 Page 1 City of Clearwater Printed on 8/28/2015 INTERLOCAL AGREEMENT This Interlocal Agreement is made and entered into this ________ day of _____________, 2015 by and between the Community Redevelopment Agency of the City of Clearwater, Florida (CRA), a redevelopment agency established pursuant to law, and the City of Clearwater (CITY), a municipal corporation of the State of Florida. WHEREAS, this Agreement is made and entered between the parties pursuant to Section 163.01, Florida Statutes, the “Florida Interlocal Cooperation Act of 1969”; and WHEREAS, Section 163.361(1) of the Florida Statutes allows for the use of Tax Increment Funding (TIF) funds for community policing innovations in Community Redevelopment Areas; and WHEREAS, the CRA has established the new East Gateway Five-Year Action Program for fiscal years 2012-2017, which includes the element to "continue to provide a more visible community policing presence within the East Gateway neighborhood"; and WHEREAS, the CRA has ascertained that the East Gateway District continues to experience a critical need for an enhanced community policing presence in order to specifically reduce drug dealing, prostitution and street crimes in the target area, and address quality of life issues; and WHEREAS, the CRA and the CITY first entered into an Interlocal Agreement during the Fiscal Year 2008-2009 in order to provide for the CRA's financial contribution to an additional community policing presence by the CITY in the East Gateway area above and beyond the current activity levels; and WHEREAS, the CRA has funded two police officers for Fiscal Years 2012- 2013, 2013-2014, and 2014-2015 and wants to continue the use of TIF funds to fund the program; and WHEREAS, the CRA and the CITY want to enter into another Interlocal Agreement during the Fiscal Year 2015-2016, outlining the scope of services and responsibilities of the parties. NOW THEREFORE, in consideration of the covenants made by each party to the other and of the mutual advantages to be realized by the parties hereto, the CRA and the CITY agree as follows: Section 1.Term. The term of this Interlocal Agreement will be October 1, 2015 through September 30, 2016. 2 Section 2.Intent. It is the intent of the parties that the TIF funds paid to the CITY by the CRA pursuant to Section 163.361(1), Florida Statutes, be used to provide a more visible community policing presence within the East Gateway neighborhood. Section 3.Responsibilities of the CRA Function: Provide TIF funding in the total amount of $166,596.78 for the contract year, said funds to be utilized by the Clearwater Police Department (CPD) to provide the additional community policing presence, to be allocated in the following manner: A.$164,020.00 to pay for the salaries, and benefits for two (2) police officers for the contract year. Exhibit "A," Position Enhancement Fact Sheet, attached hereto and incorporated by reference, contains detailed specifications on salary and benefits. B.$2,576.78 the estimated fuel cost for the contract year for a police vehicle used by the two (2) police officers within the East Gateway CRA District. Section 4.Responsibilities of the CITY Scope of Duties. The services that the CITY will provide will be carried out by the CPD. These services are: A)Implementation of a Law Enforcement Strategy in the East Gateway area as follows: Goal 1:Reduce drug dealing, prostitution, and street crimes. Objective 1: Eliminate drug dealing and criminal activity conducted by career criminals in the targeted area. Tasks: a)Identify the drug dealers and gang members in the area; b)Gather intelligence information through proactive law enforcement techniques, utilizing undercover techniques and surveillance equipment; and c)Develop confidential informants to assist in furthering criminal investigations and prosecution of repeat criminal offenders. 3 Outcome Measures: a) Identify and refer four (4) potential confidential informants in the target area; b) File criminal charges against 100% of identified drug dealers in the target area, where probable cause is established to do so; and c) Complete FIR’s/Reports on 100% of suspected gang members in the target area. Objective 2: Reduce incidence of prostitution and solicitations by "Johns" in the target area. Tasks: a) Conduct prostitution operations in the East Gateway District utilizing police officers as decoys; b) Utilize directed patrol to discourage prostitutes and "Johns" from frequenting the area; and c) Seek prosecution enhancements for repeat offenders that commit prostitution and solicitation offenses when applicable. Outcome measures: a) Conduct minimum of six (6) prostitution operations annually in the CRA; and b) Reduction in citizen-generated prostitution complaints in the CRA from the previous fiscal year. Goal 2:Address homeless issues in the East Gateway District. Objective 1: Participate in the city’s homeless initiative. Tasks: a) Utilize directed patrol in areas known to be frequented by homeless individuals; b) Enforce statutes and ordinances against public drinking, public urination, loitering or prowling, etc.; c) Utilize the “no trespass” affidavit program when authorized to address public safety interests in the target area; and d) Participate in activities/programs related to homelessness, as appropriate. 4 Outcome measures: a) 100% of reported or observed violations of criminal law or ordinances will result in arrest, report, citation, warning, or referral to the appropriate social services agency; b) 100% of observed or reported trespass violations will result in trespass warnings, or arrest when authorized by Florida State Statute within the East Gateway District; and c) CRA officers will complete a minimum of 4 Field Interview Reports (FIRs) per week within the designated CRA area. Goal 3:Improve safety and security of residents and businesses in the East Gateway by implementing strategies identified in the East Gateway Five-Year Action Program. Objective 1: Enhance code enforcement activities. Tasks: a) Coordinate with the CRA and the City's Code Compliance Department to enhance code enforcement in the target area relative to properties that are in disrepair and negatively impact the quality of life in the East Gateway; and b) Identify negative environmental factors to discourage criminal behavior. Outcome Measures: a) Conduct regular inspections of properties that are in disrepair and negatively impact the quality of life in the East Gateway, on a schedule as agreed upon the CRA, Code Enforcement Inspector, and CPD; and b) Identify and report to the CRA negative environmental factors (need for improved street lightning, vacant buildings, neglected properties, etc.) B)In order to carry out the Law Enforcement Strategy above, the CPD will provide the following: 1.Two (2) fully-equipped police officers to provide law enforcement services to the target area defined as the East Gateway for a minimum of 40 hours per week. 2.Specific duties, activities, and responsibilities: 5 a)The officers will be assigned to a Community Policing Team with geographical responsibility for the East Gateway District and the Downtown area only; b)The Team assignment will always ensure coverage by two (2) officers; c)Schedules of the officers will vary based on the determination of the CRA and CPD management to best serve the residents and business owners in the East Gateway area. CRA shall be notified of significant changes of officers’ schedules or assignments; d)Officers will patrol by either vehicles or bicycles; e)A report of police activities and statistical information will be provided to the CRA on a monthly and yearly basis; and f)The officers selected will be experienced, current members of the CPD. 3.An existing, fully-equipped Police Car. C)All CRA funds pursuant to this agreement will be kept in the CPD's departmental account. D)No charges to the CRA account will be made for activities or hours worked by the two (2) officers outside the CRA area or for equipment used outside the CRA area. E)Other administrative duties as mutually agreed. Section 5.Notice.Sixty (60) days notice by either party to the other pursuant to the Interlocal Agreement shall be given in writing and hand-delivered or mailed as follows: Clearwater Community Redevelopment Agency Attn: Rod Irwin, CRA Executive Director 112 South Osceola Avenue Clearwater, Florida 33756 Telephone: (727) 562-4058 City of Clearwater Attn: William B. Horne II, City Manager 112 South Osceola Avenue Clearwater, Florida 33756 Telephone: (727) 562-4046 Section 6.Entire Agreement. This document embodies the whole Agreement of the parties. There are no promises, terms, conditions or 6 allegations other than those contained herein. This Agreement shall be binding on the parties,their successors, assigns and legal representatives. Section 7.Indemnification.The CRA and the CITY agree to be fully responsible for their own acts of negligence, or their respective agents’ acts of negligence when acting within the scope of their employment, and agree to be liable for any damages resulting from said negligence only to the extent permitted by Section 768.28, Florida Statutes. Nothing herein is intended to nor shall it be construed as a waiver of any immunity from or limitation from liability that the CRA and the CITY are entitled to under the doctrine of sovereign immunity (Section 768.28, Florida Statutes). Nothing herein shall be construed as consent by the CRA or the CITY to be sued by third parties in any manner arising out of this Agreement. Section 8. Maintenance of Effort. The expenditures authorized by this Agreement are solely and exclusively to increase community policing activity and resources. The City agrees that no diminishment of existing police efforts in the East Gateway will occur as a result of this agreement. Section 9.Filing Effective Date.As required by Section 163.01(11), Florida Statutes, the Interlocal Agreement shall be filed with the Clerk of the Circuit Court of Pinellas County after execution by the parties, and shall take effect upon the date of filing. IN WITNESS WHEREOF, the parties hereto, or their law representatives, have executed this agreement as the date first above written. COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA By: ______________________________ George N. Cretekos, Chairperson Approved as to form: Attest: ___________________________________________________________ Pamela K. Akin Rosemarie Call City Attorney City Clerk 7 Countersigned: CITY OF CLEARWATER, FLORIDA ___________________________By: _____________________________ George N. Cretekos William B. Horne II Mayor City Manager Approved as to form: Attest: ___________________________________________________________ Robert J. Surette Rosemarie Call City Attorney City Clerk 8/17/2015-4:27 PM 1 Officer 2 Officers Step 6 Step 6 Base Salary 60,539.64 121,079.28 Pension (17%)10,291.74 20,583.48 Social Security (1.45%)877.82 1,755.65 Major Medical (employee only)8,719.32 17,438.64 Life Insurance 10.00 20.00 Workers Compensation 1,567.18 3,134.36 82,010.00 164,020.00 Fuel $2,576.78 TOTAL 166,596.78 Police Department - CRA Funded Community Policing Officers For FY 2015-2016 EXHIBIT "A" Position Enhancement Fact Sheet Cover Memo City of Clearwater City Hall 112 S. Osceola Avenue Clearwater, FL 33756 File Number: ID#15-1630 Agenda Date: 8/31/2015 Status: Agenda ReadyVersion: 1 File Type: Action ItemIn Control: Community Redevelopment Agency Agenda Number: 4.2 SUBJECT/RECOMMENDATION: Amend the operating budget for the Community Redevelopment Agency for fiscal year 2014-15; approve budget amendments to the CRA Capital Improvement Project Fund; and adopt resolution 15-02. SUMMARY: Amendments to the revenues of the Operating Budget reflect a decrease of $55,563 in Tax Increment Financing (TIF) received for fiscal year 14-15 based upon final receipts for the TIF proceeds from Pinellas County, the City of Clearwater, and the Downtown Development Board. Operating expenditure amendments at mid-year include an increase of $75,000 from Payment to Other Agencies-Blast Friday to reflect the payment to fund the grant to Clearwater Downtown Events, Inc for Blast Friday. Proposed amendments to operating budget include: 1.To adjust budgeted revenue to actual TIF receipts, and adjust the related payment to the DDB to match actual receipts. 2.To adjust budgeted interest revenue to actual receipts to date. 3.To adjust miscellaneous other review to actual receipts to date. 4.To allocate prior year reserves to fund the transfer to the City as compensation for the Prospect Lake land transfer reimbursement to HUD as approved by the CRA on August 4, 2014. 5.To increase payment to agencies by $75,000 to fund the grant to Clearwater Downtown Events, Inc for Blast Friday as approved by the CRA on November 3, 2014. 6.To reduce the budget transfer of Restricted County TIF funds to the East Gateway project by $20,089 to compensate for the loss in tax increment financing. 7.To reduce the budget transfer to the Downtown Redevelopment project by $75,000 to fund the grant to Clearwater Downtown Events, Inc for Blast Friday as approved by the CRA on November 3, 2014; and by $3,647 to compensate for the loss in tax increment financing net of the miscellaneous revenue amendments noted above. Proposed amendments to CRA Capital Improvement Project Fund include: Page 1 City of Clearwater Printed on 8/28/2015 File Number: ID#15-1630 1.To reduce the budget to the Downtown Redevelopment project by $75,000 to provide funding for the grant to Clearwater Downtown Events, Inc for Blast Friday as approved by the CRA on November 3, 2014, and by $3,647 due to the reduction in tax increment receipts in the operating budget for the fiscal year, and to adjust for the amendments noted below. (items 2, 3 and 6) 2.To transfer $65,000 from 388-94714, Downtown Redevelopment, to project 388-94884, Property Acquisition 1356 Park Street to provide funding necessary for property acquisition as approved by the CRA on July 13, 2015. 3.To increase the budget by a net total of $536,317.15 representing prior year excess cash which totals $535,343.24 and other revenue, which totals $973.91. This will bring the budget in the line with actual cash received in the project. 4.To reduce the budgeted transfer by $20,089 due to the reduction in County Tax increment receipts in the operating fund for the fiscal year, and adjust for the amendment below . (item5) 5.To increase the budget by a net total of $3,146.04 representing an increase to other revenue which totals $4731.98, and increase to reimbursements for $1,000 and a decrease to CRA transfer in revenue of $2585.94. This will bring the budget in line with actual received in the project. 6.To establish project 388-94885, ULI Implementation and transfer $1,000,000 from 388- 94714, Downtown Redevelopment to provide funding for ULI priorities as discussed by the board on September 15, 2014. Page 2 City of Clearwater Printed on 8/28/2015 2014/15 Revenue/Mid Year Adopted Expenditures Proposed Amended Amend Budget To Date Amendments Budget Ref Revenues & Transfers In Tax Increment Financing Revenues 338930 Pinellas County 874,952 854,863 (20,089) 854,863 1 381115 City of Clearwater 854,967 824,991 (29,976) 824,991 1 381116 Downtown Development Board 160,064 154,566 (5,498) 154,566 1 Total TIF Revenues 1,889,983 1,834,420 (55,563) 1,834,420 Other Revenues 361101 Interest Earnings 50,000 75,129 25,129 75,129 2 369901 Other General Revenue 1,200 1,200 1,200 3 Transfers In 381782 DDB Administration 63,724 53,100 - 63,724 Use of Fund Reserves 389902 Allocation of Prior Year Reserves - - 301,303 301,303 4 Total Revenues & Transfers In 2,003,707 1,963,849 272,069 2,275,776 Expenditures & Transfers Out Operating Expenditures 530100 Professional Services 60,000 35,972 60,000 530300 Other Contractual Services - 27,664 - 540300 Telephone Variable 1,000 944 1,000 540700 Postal Service 250 - 250 542200 Electric-Utility Charges 1,000 124 1,000 542500 Postage 200 - 200 543100 Advertising 5,000 - 5,000 543200 Other Promotional Activities 5,000 2,450 5,000 543400 Printing & Binding 2,500 474 2,500 547100 Uniforms 150 - 150 547200 Employee Expense-Travel 5,000 2,226 5,000 547300 Mileage Reimbursement 1,000 215 1,000 548000 Other Services 2,000 212 2,000 550100 Office Supplies 1,000 106 1,000 550400 Operating Supplies 3,000 730 3,000 557100 Memberships and Subscriptions 2,000 1,782 2,000 557300 Training and Reference 5,000 1,467 5,000 581000 Payments to Other Agencies-DDB 160,064 154,566 (5,498) 154,566 1 581000 Payments to Other Agencies - Blast Friday - - 75,000 75,000 5 582000 Aid to Private Organizations 6,000 81,000 - 6,000 Total Operating Expenditures 260,164 309,932 69,502 329,666 Transfers Out 590200 General Fund- Administrative 373,262 612,353 301,303 674,565 4 590800 East Gateway Project (94849)174,288 174,288 174,288 590800 Cleveland Street Maintenance (99968)25,000 25,000 25,000 590800 Marriott Residence Inn (94856)21,239 21,239 21,239 590800 Restricted County TIF Funds 874,952 874,952 (20,089) 854,863 6 590800 Downtown Redevelopment (94714)113,724 113,724 (78,647) 35,077 7 590800 Cleveland Street Branding (94853)15,000 15,000 15,000 590800 Capitol Theatre Contribution (94872)- - - 590800 Technology District Incentives (94872)100,000 100,000 100,000 590800 Downtown Intermodal (92839)46,078 46,078 46,078 Total Transfers Out 1,743,543 1,982,634 202,567 1,946,110 Total Expenditures & Transfers Out 2,003,707 2,292,566 272,069 2,275,776 Excess of Revenues & Transfers In Over Expenditures & Transfers Out - (328,717) - - Budget Amendments to Operating Budget 1 2 3 4 5 6 7 Community Redevelopment Agency Year End Review For the Ten Month Period of October 1, 2014 - July 31, 2015 To reduce the budget transfer to the Downtown Redevelopment project by $75,000 to fund the grant to Clearwater Downtown Events,Inc for Blast Friday as approved by the CRA on November 3,2014;and by $3,647 to compensate for the loss in tax increment financing net of the miscellaneous revenue amendments noted above. To adjust miscellaneous other revenue to actual receipts to date. To adjust budgeted revenue to actual TIF receipts, and adjust the related payment to the DDB to match actual receipts. To adjust budgeted interest revenue to actual receipts to date. To allocate prior year reserves to fund the transfer to the City as compensation for the Prospect Lake land transfer reimbursement to HUD as approved by the CRA on August 4, 2014. To reduce the budget transfer of Restricted County TIF funds to the East Gateway project by $20,089 to compensate for the loss in tax increment financing. To increase payment to agencies by $75,000 to fund the grant to Clearwater Downtown Events,Inc for Blast Friday as approved by the CRA on November 3, 2014. Project Amendments Mid Year Project Budget Proposed Amended Project Open Available Amend #Description 10/1/2014 Amendments Budget To Date Encumbr Balance Status Ref 388-92839 Downtown Intermodal 46,078 46,078 0 46,078 388-94714 Downtown Redevelopment 2,060,699 (607,330) 1,453,369 513,558 939,811 1,2,3,6 388-94765 IMR Development 99,271 99,271 4,660 94,611 388-94847 Clearwater Centre-1100 Cleveland 620,000 620,000 505,917 114,083 388-94849 East Gateway 1,822,214 (16,943) 1,805,271 1,201,256 604,015 4,5 388-94851 Affordable Housing 250,000 250,000 0 250,000 388-94852 Retail Attraction/Assistance 435,000 435,000 326,750 23,857 84,393 388-94853 Cleveland District Branding 201,000 201,000 88,345 112,655 388-94856 Marriott Residence Inn 296,391 296,391 227,617 68,774 388-94859 Station Square Development 460,000 460,000 0 460,000 388-94862 Car Pro Site 325,000 325,000 314,652 10,348 388-94866 Economy Inn Debt 1,071,000 1,071,000 673,136 397,864 388-94868 Economy Inn Demolition 227,473 227,473 143,523 83,950 388-94872 Technology District Incentives 300,000 300,000 21,750 22,850 255,400 388-94884 Property Acquisition 1356 Park Street - 65,000 65,000 65,000 2 388-94885 ULI Implementation - 1,000,000 1,000,000 1,000,000 7 388-99963 Economic Development Incentive 153,861 153,861 72,495 81,366 388-99968 Cleveland Street Maintenance 137,676 137,676 47,688 89,987 388-99979 Historical Facade Program 262,165 262,165 64,753 197,412 388-99881 Clearwater Auto Site - General 187,659 187,659 7,167 180,492 388-99986 Mediterranean Village 259,538 259,538 96,431 7,859 155,248 Total 9,215,024 440,727 9,655,751 4,309,698 54,566 5,291,487 Budget Amendments to Projects 1 2 3 4 5 6 7 To transfer $65,000 from 388-94714, Downtown Redevelopment, to project 388-94884, Property Acquisition 1356 Park Street to provide funding necessary for property acquisition as approved by the CRA on July 13, 2015. Actual Expenditures To increase the budget by a net total of $536,317.15 representing prior year excess cash which totals $535,343.24 and other revenue which totals $973.91. This will bring the budget in line with actual cash received in the project. To increase the budget by a net total of $3,146.04 representing an increase to other revenue which totals $4,731.98, an increase to reimbursements for $1,000.00, and a decrease to CRA transfer in revenue of $2,585.94. This will bring the budget in line with actual cash received in the project. To reduce the budgeted transfer by $20,089 due to the reduction in County tax increment receipts in the operating fund for the fiscal year, and adjust for the amendment below (item 5). To transfer $1,000,000 from 388-94714, Downtown Redevelopment, to project 388-94885, ULI Implementation to provide funding for ULI priorities as discussed by the board on September 15, 2014. To establish project 388-94885, ULI Implementation and transfer $1,000,000 from 388-94714, Downtown Redevelopment to provide funding for ULI priorities as discussed by the board on September 15, 2014. Community Redevelopment Agency CRA Capital Improvement Project Fund Year End Review For the Ten Month Period of October 1, 2014 - July 31, 2015 To reduce the budget transfer to the Downtown Redevelopment project by $75,000 to provide funding for the grant to Clearwater Downtown Events, Inc. for Blast Friday as approved by the CRA on November 3, 2014, and by $3,647 due to the reduction in tax increment receipts in the operating budget for the fiscal year, and to adjust for the amendments noted below (items 2, 3 and 6). Resolution No. 14-02 RESOLUTION NO 15-02 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, ADOPTING THE CRA FY2014- 15 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 FY2014/15 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 31st day of August, 2015. ____________________________ George N. Cretekos Chairman Approved as to form: Attest: _______________________________________________________ Pamela K. Akin Rosemarie Call City Attorney City Clerk Cover Memo City of Clearwater City Hall 112 S. Osceola Avenue Clearwater, FL 33756 File Number: ID#15-1631 Agenda Date: 8/31/2015 Status: Agenda ReadyVersion: 1 File Type: Action ItemIn Control: Community Redevelopment Agency Agenda Number: 4.3 SUBJECT/RECOMMENDATION: Approve the Fiscal Year 2015-2016 Community Redevelopment Agency (CRA) Preliminary Budget and adopt CRA 15-03. SUMMARY: The major highlights of the Fiscal Year 2015-2016 proposed preliminary budget are as follows: Tax increment revenues increased by $166,771 over the proposed 2014-2015 budget, reflecting an increase in taxable value of 8.1% in the old Downtown CRA (Downtown) and a 6.3% increase in the expanded CRA area (East Gateway). These compare with Citywide 6.9% increase in value. The new CRA value increase is positive, as it indicates value increases in the East Gateway are more closely approximating the citywide number, as compared to previous years. The Downtown/Old CRA value increases continue to exceed citywide increases, indicating positive market response to redevelopment and public investment activities. Operating expenditures increased by $ 13,509 or 5.1% largely due to the increase in pass through revenues to the Downtown Development Board (DDB), as well as minor increases in operating expenses across several line items. New to the budget this year is funding of an Economic Development (ED) Coordinator position needed to support Urban Land Institute (ULI), East Gateway and Downtown program activities. This is an expansion of capacity on the CRA side similar to the addition of an ED Coordinator on the ED side to implement the ED Strategic Plan several years ago. In this case, the added work generated by the ULI Advisory Panel project implementation activities indicates the need for a similar staff addition. Also in support of the ULI Program and Clearwater Business Spark, an entrepreneurial ecosystem initiative, funds in the amount of $99,600 are being allocated to a new project account to underwrite the STEM (Science Technology Engineering and Mathematics) and Youth STEM centers at the Main Library. The budget appropriation of $50,000 to the existing Economic Development Incentives project account will allow a continuation of the well-established parking subsidy initiative for office lease deals. As staff continues to support lease-up of the office space in the Tech District, this initiative has been very helpful. The Blast Friday agreement with Clearwater Downtown Events/Ruth Eckerd Hall has expired and a new proposal, including an increase in CRA financial participation, has recently been submitted to staff. However, the proposal has not been sufficiently vetted to warrant inclusion Page 1 City of Clearwater Printed on 8/28/2015 File Number: ID#15-1631 of an appropriation request in the proposed budget. As was the case in Fiscal Year 2014-15, if agreement is reached on a program to meet the expanded scope and re-direction requested by the CRA Board, a funding agreement can be brought forward at a subsequent meeting. Should a proposal be subsequently approved by the Board, funding could be appropriated from the Downtown Redevelopment Fund. Please note that the annual $6,000 contribution for the Farmer’s Market has been deleted from the budget. The DDB has not funded the event in their budget, and CRA staff has determined that the business model likely will no longer be sustainable. Alternately, the DDB has approved funding for a Saturday Market which seems promising. The CRA will support the effort through payment of meter fees to the Parking Fund. Transfers Out to various projects are as designated in the CRA Six Year Plan. The Proposed Fiscal Year 2015-2016 Agency budget is consistent with the Six Year Plan. Page 2 City of Clearwater Printed on 8/28/2015 2014-2015 2015-2016 Proposed Proposed Budget Budget Revenues & Transfers In Tax Increment Financing Revenues 338930 Pinellas County 874,952 958,325 381115 City of Clearwater 854,967 925,156 381116 Downtown Development Board 160,064 173,273 Total TIF Revenues 1,889,983 2,056,754 Other Revenues 361101 Interest Earnings 50,000 50,000 369901 Other General Revenue Transfers In 381782 DDB Administration 63,724 65,317 381782 Loan Payment From DDB - 381888 Special Program Fund CRA Capital Improv Fund Reserves 389902 Allocation of Reserves Total Revenues & Transfers In 2,003,707 2,172,071 Expenditures & Transfers Out Operating Expenditures 530100 Professional Services 60,000 60,000 530300 Contractual Services 540200 Document Reproduction 540300 Telephone Variable 1,000 1,300 540700 Postal Service 250 250 541500 Garage Variable 542200 Electricity- Utility 1,000 1,000 542300 Gas, Water, Sanitation 542500 Postage 200 200 543100 Advertising 5,000 5,000 543200 Other Promotional Activities 5,000 5,000 543400 Printing & Binding 2,500 2,500 544100 Equipment Rental 2,000 547100 Uniforms 150 150 547200 Employee Expense-Travel 5,000 6,000 547300 Milage Reimbursment 1,000 1,500 548000 Other Services 2,000 2,000 550100 Office Supplies 1,000 2,000 550400 Operating Supplies 3,000 3,000 557100 Memberships and Subscriptions 2,000 2,500 557300 Training and Reference 5,000 6,000 581000 Payments to Other Agencies-DDB 160,064 173,273 581000 Payments to Other Agencies-Blast Friday 582000 Aid to Private Organizations 6,000 Total Operating Expenditures 260,164 273,673 Debt Payments Economy Inn-Interest on Loan Total Debt Transfers Out 590200 General Fund- Administrative 373,262 461,281 590800 Library Activation Project 99,600 590800 East Gateway Project (94849)174,288 171,597 590800 Streetscape Phase 2 (92275) 590800 Cleveland Street Maintenance (99968)25,000 25,000 590800 Economic Development Incentives (99963)50,000 590800 Station Square DA 590800 Marriott Residence Inn (94856)21,239 590800 Economy Inn Acquistion/ Demolition 590800 Economy Inn 590800 Restricted County TIF Funds 874,952 958,325 590800 Façade Improvement Grant Fund 590800 Downtown Redevelopment Fund (94714)113,724 132,595 590800 CarPro Site (94862) 590800 Affordable Housing Projects (94851) 590800 Retail Attraction/Assistance (94852) 590800 Cleveland Street Branding (94853)15,000 590800 Capitol Theatre Contribution (94870) 590800 Technology District Incentives ( 94872)100,000 590800 Prospect Lake Retail Assistance 590800 Downtown Intermodal (92839 46,078 Total Transfers Out 1,743,543 1,898,398 Total Expenditures & Transfers Out 2,003,707 2,172,071 Community Redevelopment Agency Prelim Budget October 1, 2015- September 30, 2016 Economic Development and Housing –CRA One full-time Economic Development Coordinator (1.0 FTE) Budget increase -$65,000 (salary & benefits) to be funded 100% by the CRA Justification:An ED Coordinator position is needed to provide additional staff capacity to support ULI, East Gateway and downtown programs, activities and initiatives. This position would be similar to the ED Coordinator position that supports the implementation of the ED Strategic Plan. Specifically, the three focus areas are: ULI--The added work generated by the ULI Advisory Panel project implementation activities indicates the need for coordination and tracking of each of the projects with all the impacted departments; preparation of reports; and financial tracking of project expenditures. East Gateway—In order to meet the implementation expectations of the ULI/East Gateway projects (i.e. Mercado and Festival Core) outlined in the ULI Report East Gateway Vision Plan and the East Gateway Five- Year Action Program, additional staff capacity is needed for project management, research, report writing, meeting coordination, and preparation of materials. Downtown/CRA—Given competing work program priorities, severalCRA projects have been placed on hold or given a longer timeframe for completion, i.e. the TIF extension request to the County. This position would allow these projects to commence and to assist with other priority projects such as the Bluff/Coachman Park/Waterfront Master Plan process. Supervision of this position will be divided between the CRA Executive Director and the Director of Economic Development and Housing depending on the work product involved. Impact if not filled: The Council has placed a high priority on the implementation of the ULI projects to help revitalize the CRA’s downtown core and the East Gateway. Without this position, coordination and tracking of ULI projects will only be able to be done piecemeal as staff time is available given competing work program priorities. In addition, several key CRA projects such as the county TIF extension request and the implementation of the East Gateway Vision Plan/Five-Year Action Program (primarily infrastructure projects such as the open space and preparation for the Cleveland Streetscape Phase 3 and other community needs) will need to continue to be placed on hold until other projects are completed and staff time becomes available. Given thevolume of work, the department may not be able to meet Council expectations on timeframes for completion of projects. Since funding is coming from the CRA, this position will not impact the General Fund. 1 Program Specialist Full Time Salaries & Wages 40,440 Life Ins $2500 Empl & Pens 10 1% Life Insurance-Employee - Samp Life Insurance 160 Major Medical Insurance 8,720 Social Security 590 Emp Pension Plan 7,680 Total 57,600 Staff support, Additional hours, 2 evenings, 2 mornings/wk*25,000.00 Business/STEM training database 12,000.00 Supplies 5,000.00 99,600.00 * As needed to fund SPARK training program in morning and evenings. Downtown Enhancement Fact Sheet Library - CRA Funded Program For FY 2014/15 CRA Administrative Costs - Contributions to the General Fund for Salaries FY15-16 CRA %Salary & Benefits CRA Contribution to Salaries Cost Center Rod Irwin 40%188,412 75,365 9211 9211 Total Anne Wills 30%60,973 18,292 9211 93,657 Anne Fogarty *100%96,846 96,846 9216 9216 Total Audra Aja 90%74,762 67,286 9216 Geri Campos-Lopez 35%142,919 50,021 9216 Ekaterini Gerakios-Siren 80%85,852 68,681 9216 Proposed Coordinator Position 100%65,000 65,000 9216 347,835 Kim Dupont 35%56,541 19,789 1510 1510 Total 19,789 Total 461,281 461,281 * DDB contributes $65317 for administrative costs 2014/2015 373,262 Diff. for 2014/15 88,019 % Increase 23.58% To: CRA Board of Directors FROM: Rod Irwin, Executive Director SUBJECT: FY 2015-2019 Four Year Financial Plan DATE: September 3, 2015 Attached please find the updated Financial Plan for the CRA. Per previous Board direction, this plan is updated annually and presented to the Board in conjunction with adoption of the annual CRA Operating budget so the Board can provide guidance to staff as deemed appropriate, and provide a financial/policy “context” for budget consideration. The Financial Plan is not adopted by the CRA Board, per prior Board direction, but rather reflects the staff projection of expenditures over a six year period as a context for Board consideration of the annual budget. It is a planning document for Board and Staff reference.Current year expenditures in the Plan are approved by the Board either through the annual budget and/or specific Board authorization. This year the Plan reflects several changes from the previous Plan that I wish to highlight: 1) This year the Financial Plan reflects projected expenditures/revenues for four (4) years, rather than the usual six (6) years, as the County TIF commitment expires in 2019. Pending an indication of County position on renewal, and within what parameters, it was not practical to attempt to forecast years five (5) and six (6) of the forecast period with any modicum of reliability. Staff will be completing the TIF Extension Request during the next year for CRA Board consideration and, ultimately, submission to the County. Based upon the outcome of that process, staff will then incorporate updated projections for the “out years” of the Financial Plan. 2) A new project, ULI Implementation, is reflected in the Plan this year. It is the intent of staff to recommend during F Y14-15 3 rd Quarter Budget Amendments to include the establishment of the project and that $1,000,000 be appropriated into the project to support continued implementation of the ULI Report recommendations. 3)A new project account entitled “Downtown Parking Garage” is reflected in the Plan this year, with funds projected to be allocated beginning in 2016-2017 as a “placeholder” for CRA participation in a Downtown parking garage(s). This will provide a vehicle to accumulate funds necessary in advance of clarification of a specific project/site. Formal CRA Board action to establish the project account will be scheduled at a later date. 4) The Cleveland Street Maintenance Project Fund has been increased from $20,000 to $25,000 per annum for the next four years to facilitate enhanced cleaning and restoration of the Cleveland Street streetscape. With increased use of the sidewalks/streets, more frequent maintenance is indicated. Please Note: Several established projects have been completed, or expired, but have residual funds accumulated in the accounts. It is staff’s intent to conduct an evaluation and “sweep” of all project accounts in this status during 1st qtr of 2015-2016 and bring forward an agenda item vacating these accounts as appropriate. This will bolster the Redevelopment Fund and further clarify availability of funding capacity for CRA participation in upcoming infrastructure initiatives. Feel free to contact me with any questions. as of 7/31/2015 Revenue Source 2014/15 Balance 2015/16 2016/17 2017/18 2018/19 N/A N/A Total County Portion (Growth)Growth TIF (1)958,325 999,954 1,035,685 1,073,420 0 0 4,067,383 City Portion (Growth)Growth TIF 925,156 965,727 1,000,235 1,036,678 0 0 3,927,796 DDB Portion (Growth)Growth TIF 173,273 180,800 187,260 193,882 0 0 735,215 Total Projected TIF (Growth Only)2,056,754 2,146,480 2,223,180 2,303,980 0 0 8,730,395 Other Revenue Interest 50,000 50,000 75,000 100,000 0 0 275,000 DDB Admin and Loan 65,317 65,970 66,630 67,296 0 0 265,213 DDB Loan 0 0 0 0 0 0 0 Land Sales/ Other Revenue 0 0 0 0 0 0 Total Other 115,317 115,970 141,630 167,296 0 0 540,213 Total Available 2,172,071 2,262,451 2,364,810 2,471,277 0 0 9,270,608 Less DDB TIF Portion (2)173,273 180,800 187,260 193,882 0 0 735,215 Less CRA Operating and Administration (3)561,681 589,765 619,253 650,216 0 0 2,420,915 Total Projected TIF available for projects/dev. agreements 1,437,117 1,491,886 1,558,296 1,627,178 0 0 6,114,477 CRA - FOUR YEAR PLAN* FY 15-16 As of August 20, 2015 CRA 6-Yr Plan FY15-16 FINAL.xlsx CRA Six Year Plan Report Page 1 of 4 Revised 8/20/2015 Commitments/City Projects Source 2014/15 Balance 2015/16 2016/17 2017/18 2018/19 N/A N/A Total 94714 Downtown Redevelopment County TIF 0 0 0 0 0 0 0 0 City TIF 0 17,278 0 0 0 0 0 17,278 Other (CRA)939,811 0 0 0 0 0 0 939,811 Total 939,811 17,278 0 0 0 0 0 957,089 94765 IMR/Crum Environmental (4) County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 0 Other (CRA)94,611 0 0 0 0 0 0 94,611 Total 94,611 0 0 0 0 0 0 94,611 99881 Clearwater Auto General County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 0 Other (CRA)180,492 0 0 0 0 0 0 180,492 Total 180,492 0 0 0 0 0 0 180,492 99963 Economic Development Incentives (5)County TIF 0 0 0 0 0 0 0 0 City TIF 0 50,000 0 0 0 0 0 50,000 Other (CRA)81,366 0 0 0 0 0 0 81,366 Total 81,366 50,000 0 0 0 0 0 131,366 99968 Cleveland Street Maintenance County TIF 0 0 0 0 0 0 0 0 City TIF 0 25,000 25,000 25,000 25,000 0 0 100,000 Other (CRA)89,987 0 0 0 0 0 0 89,987 Total 89,987 25,000 25,000 25,000 25,000 0 0 189,987 99979 Façade Program (6)County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 0 Other (CRA)197,412 0 0 0 0 0 0 197,412 Total 197,412 0 0 0 0 0 0 197,412 99986 Town Lake Property (Med Village) (7) County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 0 Other (CRA)155,248 0 0 0 0 0 0 155,248 Total 155,248 0 0 0 0 0 0 155,248 94849 East Gateway Projects (8)County TIF 0 601,325 199,954 235,685 273,420 0 0 1,310,384 City TIF 0 171,597 177,603 183,819 190,252 0 0 723,271 Other 604,015 0 0 0 0 0 0 604,015 Total 604,015 772,922 377,557 419,504 463,672 0 0 2,637,670 94851 Affordable Housing Projects County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 0 Other (CRA)250,000 0 0 0 0 0 0 250,000 Total 250,000 0 0 0 0 0 0 250,000 94852 Retail Attraction/Assistance County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 0 Other 84,393 0 0 0 0 0 0 84,393 Total 84,393 0 0 0 0 0 0 84,393 94853 Cleveland District Branding County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 15,000 0 0 15,000 Other (CRA)112,655 0 0 0 0 0 0 112,655 Total 112,655 0 0 0 15,000 0 0 127,655 94862 CarPro Site County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 0 Other (CRA)10,348 0 0 0 0 0 0 10,348 Total 10,348 0 0 0 0 0 0 10,348 TBD Downtown Parking Garage County TIF 0 0 400,000 400,000 400,000 0 0 1,200,000 City TIF 0 0 73,359 72,163 156,210 0 0 301,732 Other (CRA)0 0 0 0 0 0 0 0 Total 0 0 473,359 472,163 556,210 0 0 1,501,732 94866 Economy Inn Debt County TIF 0 357,000 0 0 0 0 0 357,000 City TIF 0 0 0 0 0 0 0 0 Other (CRA)397,864 0 0 0 0 0 0 397,864 Total 397,864 357,000 0 0 0 0 0 754,864 94868 Economy Inn Acq Demo County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 0 Other (CRA)83,950 0 0 0 0 0 0 83,950 Total 83,950 0 0 0 0 0 0 83,950 CRA 6-Yr Plan FY15-16 FINAL.xlsx CRA Six Year Plan Report Page 2 of 4 Revised 8/20/2015 94872 Technology District Incentives County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 0 Other (CRA)255,400 0 0 0 0 0 0 255,400 Total 255,400 0 0 0 0 0 0 255,400 92839 Downtown Intermodal (9)County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 0 Other (CRA)46,078 0 0 500,000 700,000 0 0 1,246,078 Total 46,078 0 0 500,000 700,000 0 0 1,246,078 Op Blast Fridays County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 Other (CRA)0 0 0 0 0 0 0 0 Total 0 0 0 0 0 0 0 0 94885 ULI Implementation (10)County TIF 0 0 400,000 400,000 400,000 0 0 1,200,000 City TIF 0 0 0 0 0 0 0 0 Other (CRA)1,000,000 0 0 0 0 0 0 1,000,000 Total 1,000,000 0 400,000 400,000 400,000 0 0 2,200,000 TBD Library Interlocal County TIF 0 0 0 0 0 0 0 0 City TIF 0 99,600 100,000 100,000 0 0 0 299,600 Other (CRA)0 0 0 0 0 0 0 0 Total 0 99,600 100,000 100,000 0 0 0 299,600 94877 1021 Park Street Acq.County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 0 Other (CRA)0 0 0 0 0 0 0 0 Total 0 0 0 0 0 0 0 0 94884 Property Acquisition 1356 Park Street County TIF 0 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 0 Other (CRA)65,000 0 0 0 0 0 0 65,000 Total 65,000 0 0 0 0 0 0 65,000 Total City Project Commitments 4,648,630 1,321,800 1,375,916 1,916,667 2,159,882 0 0 11,422,895 Commitments/Dev. Agreements Source 2014/15 Balance 2015/16 2016/17 2017/18 2018/19 N/A N/A Total 94847 Clearwater Centre (11)County TIF 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 Other (94847 Acct)114,083 0 0 0 0 0 0 114,083 Total 114,083 0 0 0 0 0 0 114,083 94856 Marriott Residence Inn (12)County TIF 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 Other (94856 Acct)68,774 0 0 0 0 0 0 68,774 Total 68,774 0 0 0 0 0 0 68,774 94859 Station Square Development County TIF 0 0 0 0 0 0 0 City TIF 0 0 0 0 0 0 0 Other 460,000 0 0 0 0 0 0 460,000 Total 460,000 0 0 0 0 0 0 460,000 Total Dev. Agr. Commitments 642,857 0 0 0 0 0 0 642,857 Total Commitments 5,291,487 2,056,754 2,146,481 2,723,180 3,003,981 0 0 15,221,882 CRA 6-Yr Plan FY15-16 FINAL.xlsx CRA Six Year Plan Report Page 3 of 4 Revised 8/20/2015 Source 2014/15 Balance 2015/16 2016/17 2017/18 2018/19 N/A N/A Total Funds Available County TIF 958,325 999,954 1,035,685 1,073,420 0 0 4,067,383 City TIF 925,156 965,727 1,000,235 1,036,678 0 0 3,927,796 DDB TIF 173,273 180,800 187,260 193,882 0 0 735,215 Other Revenues 115,317 115,970 141,630 167,296 0 0 540,213 Total 2,172,071 2,262,451 2,364,810 2,471,277 0 0 9,270,608 Total Commitments County TIF 958,325 999,954 1,035,685 1,073,420 0 0 4,067,384 City TIF 925,156 965,727 1,000,235 1,036,678 0 0 3,927,796 DDB TIF 173,273 180,800 187,260 193,882 0 0 735,215 From Other Acct./Revenue 0 0 500,000 700,000 0 0 1,200,000 Total 0 2,056,754 2,146,481 2,723,180 3,003,981 0 0 9,930,395 Unallocated Funds County TIF 0 0 0 0 0 0 -1 City TIF 0 0 0 0 0 0 1 DDB TIF 0 0 0 0 0 0 0 Downtown Redevelopment 939,811 115,317 115,970 -358,370 -532,704 0 0 280,024 Total 115,318 115,970 -358,371 -532,704 0 0 -659,787 BALANCE OF UNCOMMITTED REVENUES REMAINING AFTER CURRENT COMMITMENTS Cummulative Available 1,055,128 1,171,098 812,728 280,024 County TIF (Restricted)(13) Cummulative Unrestricted Available 1,055,128 1,171,098 812,728 280,024 0 0 Notes: (5) For parking incentives to assist with business retention, expansion, and/or relocation needs. (10) ULI Implementation--Future funding is a placeholder for projects. (3) Administration costs include proposed Economic Development Coordinator position for implementation and coordination/tracking of ULI intiatives and CRA projects. and other program fund projects. The revenues combine the Old and New (Expanded) CRA. Summary *Six Year Plan includes proposed capital projects for the next five years and current funding commitments through Development Agreements, (4) The environmental for IMR/Crum has been completed (SRCO in 2008). CRA still owns a small portion of land. Fund balance is reserved until this is resolved. (1) The tax base of the original CRA experienced a 8.1% increase from last year (FY14-15). The tax base of the expanded CRA experienced a 6.2% increase from last year. Tax base projections for future years is estimated to increase at 3% FY 16-17; 2.5% FY 17-18; and 2.5% in FY 18-19. (2) Current Interlocal Agreement (approved yearly) between CRA and DDB reimburses DDB its portion of the tax increment. (6) Façade Program is for the implementation of the Sidewalk Café District revised façade program guidelines. including land acquisition, open space, and festival core projects. City TIF to be used for community policing, marketing, and events per East Gateway 5-Year Action Plan. (7) To be evaluated after year end to incorporate proceeds from land sale of Prospect Lake site and include development agreement commitments. (13) County TIF funds are restricted to the following expenditures (County Ordinance 04-10): (These funds must be appropriated on a yearly basis to a project.) Capital improvements, land acquisition, and environmental remediation. Per County, affordable housing is also an allowed expenditure. (12) Marriott Residence Inn Development Agreement --completed; will be closed out at year end. (8) East Gateway 5-year Action Plan--FY15-16 budget is for community policing and events. County restricted TIF is proposed to be used for the implementation of Vision Plan, Community police officer salary and gasoline include an escalation factor of 3.5% per year for salaries. (9) Placeholder for CRA's contribution to multi-modal redevelopment project with PSTA. (11) Clearwater Centre Development Agreement--Placeholder for future activity if needed at this site. Value at land only. CRA 6-Yr Plan FY15-16 FINAL.xlsx CRA Six Year Plan Report Page 4 of 4 Revised 8/20/2015 City of Clearwater CRA Project Summary Report as of 07/31/2015 Description Revised Budget Available Balance 315-92839 Downtown Intermodal 46,078 46,078 388-94714 Downtown Redevelopment 2,060,699 939,811 388-94765 IMR Development 99,271 94,611 388-94847 Clw Centre- 1100 Cleveland 620,000 114,083 388-94849 East Gateway 1,822,214 604,015 388-94851 Affordable Housing 250,000 250,000 388-94852 Retail Attraction/Assistance 435,000 84,393 388-94853 Cleveland District Branding 201,000 112,655 388-94856 Marriott Residence Inn 296,391 68,774 388-94859 Station Square Development 460,000 460,000 388-94862 CarPro Site 325,000 10,348 388-94866 Economy Inn Debt 1,071,000 397,864 388-94868 Economy Inn Demolition 227,473 83,950 388-94872 Technology District Incentives 300,000 255,400 388-94884 Property Acquisition 1356 Park Street 65,000 388-94885 ULI Implentations 1,000,000 388-99963 Econ Dev. Incentive Project 153,861 81,366 388-99968 Cleveland Str. Maintencance 137,676 89,987 388-99979 Façade Program Implemenations 262,165 197,412 388-99881 Clwr Automotive-Gen Maint 187,659 180,492 388-99986 Town Lake Property 259,538 155,248 Total 9,215,025 5,291,487 Resolution No. 14-01 RESOLUTION NO 15-03 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER,FLORIDA, ADOPTING THE CRA FY2015/16 ANNUAL OPERATING BUDGET; 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 FY2015/16 CRA Operating Budget as outlined on Exhibit A. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 31st day of August, 2015. ____________________________ George N. Cretekos Chairman Approved as to form: Attest: _______________________________________________________ Pamela K. Akin Rosemarie Call City Attorney City Clerk