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25-04
RESOLUTION NO 25-04 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, ADOPTING THE NORTH GREENWOOD CRA FY 2025/2026 ANNUAL OPERATING BUDGET; PROVIDING AN EFFECTIVE DATE. WHEREAS, the Community Redevelopment Agency (CRA) annual budget requirements have been clarified and Section 189.016(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 FY 2025/2026 NORTH GREENWOOD CRA Operating Budget as outlined on Exhibit A. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 15th day of September 2025 . Bruce Re Chairman Approved as to form: ao.-,./ 744. David Margolis CRA Attorney Resolution NGCRA Attest: Rosemarie Call City Clerk Community Redevelopment Agency- North Greenwood Fiscal Year 2025-2026 October 1, 2025- September 30, 2026 Exhibit A 2024-2025 2025-2026 Third Quarter Approved Amended Budget Budget Revenues & Transfers In Tax Increment Financing 338930 381115 Revenues Pinellas County City of Clearwater 374,290 471,343 478,753 603,026 Total TIF Revenues 845,633 1,081,779 Other Revenues 361101 Interest Earnings 67,603 68,000 Total Revenues & Transfers In 913,236 1,149,779 Expenditures & Transfers Out Operating Expenditures 530100 Professional Services 48,343 25,000 540200 Postal Service 250 100 541600 Building & Maintenance Variable 1,000 1,000 542500 Postage 250 200 543100 Advertising 5,000 2,500 543400 Printing & Binding 3,000 3,000 547300 Mileage Reimbursement 574 - 548000 Other Services 3,000 2,500 550100 Office Supplies 2,500 2,500 550400 Operating Supplies 1,000 1,000 557100 Memberships and Subscriptions 2,000 2,000 557300 Training and Reference 2,500 2,500 Total Operating Expenditures 69,417 42,300 Transfers Out 590200 General Fund- Administrative 91,558 100,000 590800 Residential Improvement Program -R2401 590800 Business Improvement Program -R2402 590800 Carlton Ave Rehab -R2403 590800 Public Infrusture-R2404 590800 Public Art & Culture -R2405 590800 590800 590800 590800 590800 Housing -City R2406 Housing- County R2407 Mobility -City R2408 Mobility -County R2409 Economic Development- City R2502 363,386 96,677 129,996 200,000 278,753 528,726 Total Transfers Out 843,819 1,107,479 Total Expenditures & Transfers Out _ 913,236 1,149,779 CRA - Projections for CIP 6 -Year Plan County TIF 478,753 City TIF 603,026 Other Revenue: Interest 68,000 Growth Factors Revenue 2026/27 3.0% 2027/28 3.0% 2028/29 3.0% 2029/30 3.0% 2030/31 3.0% Operating Expenditures: Regular Operating Transfers: GF Admin Community Policing Transfers to Capital (CITY) Transfers to Capital (County) Growth Factors Operating % Personnel Operating Expenses Capital Projects: R2406 - Housing - City R2407 - Housing- County R2408 - Mobility- City R2409 - Mobility- County R2502 - Economic Development -City 4.0% 2.0% 2025-26 2026-27 2027-28 Estimated Budget Estimated Budget Estimated Budget 603,026.00 1,081,779.00 493,116.00 621,117.00 1,114,233.00 68,000.00 68,000.00 1,149, 779.00 1,182, 2 33.00 2025-26 Estimated Budget 42,300.00 100,000.00 2026-27 Estimated Budget 43,150.00 104,000.00 507,909.00 639,751.00 1,147,660.00 68,000.00 2028-29 Estimated Budget 523,146.00 658,944.00 1,182,090.00 68,000.00 1,215, 660.00 1,250,090.00 2027-28 Estimated Budget 44,010.00 108,160.00 2028-29 Estimated Budget 44,890.00 112,490.00 North Greenwood CRA - 6 -Year Capial Projection 2029-30 Estimated Budget 538,840.00 2030-31 Estimated Budget 555,005.00 678,712.00 699,073.00 1,217,552.00 1,254,078.00 68,000.00 68,000.00 1,285,552.00 1,322,078.00 2029-30 Estimated Budget 45,790.00 116,990.00 2030-31 Estimated Budget 46,710.00 121,670.00 528,726.00 541,967.00 555,581.00 569,564.00 478,753.00 583,932.00 598,693.00 493,116.00 507,909.00 523,146.00 538,840.00 555, 1,149,779.00 1,182,233.00 1,215,660.00 1,250,090.00 1,285,552.00 1,322,0778 00 % of revenue 0% 42% 0% 58% 100% 2025-26 Estimated Budget % of revenue 2026-27 Estimated Budget % of revenue 2027-28 Estimated Budget % of revenue 2028-29 40% 216,787.00 40% 200,000.00 50% 246,558.00 75% 20% 108,393.00 20% 278,753.00 50% 246,558.00 25% 528,726.00 40% 216,787.00 40% Estimated Budget % of revenue 2029-30 Estimated Budget % of revenue 222,232 40% 227,826 40% 233,573 40% 380,932 75% 392,360 75% 404,130 S0% 111,116 20% 113,913 20% 116,786 20% 126,977 25% 130,787 25% 134,710 50% 222,232 40% 227,826 40% 233,573 40% Total City: 100% 528,726.00 100% 541,967.00 100% 555,580.00 10036 569,565.00 100% 583,932.00 100% 598,693.00 Total County: 100% 478,753.00 100% 493,116.00 100% 507,909.00 100% 523,147.00 100% 538,840.00 100% 555,006.00 2030-31 Estimated Budget 239,477 277,503 119,739 277,503 239,477