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26-04
RESOLUTION NO 26-04 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, ADOPTING THE DOWNTOWN CRA FY 2026/2027 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 2026/2027 DOWNTOWN CRA Operating Budget as outlined on Exhibit A. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 3rd day of August 2026. Bruce R Chairman Owen Kohler CRA Attorney Resolution 26-04 FY 26/27 DT CRA Budget Attest: Rosemarie Call City Clerk Downtown Community Redevelopment Agency Proposed Budget October 1, 2026- September 30, 2027 Exhibit A 2025-2026 2026-2027 Amended Proposed Budget Budget Revenues & Transfers In Tax Increment Financing Revenues 338930 Pinellas County 2,878,256 2,952,424 381115 City of Clearwater 3,627,420 3,758,487 Total TIF Revenues 6,505,676 6,710,911 Other Revenues 361101 Interest Earnings 300,000 440,000 Transfers In 338935 Downtown Development Board 397,975 406,214 369906 Reimbursement-DDB Administration 90,365 94,883 Total Revenues & Transfers In 7,294,016 7,652,008 Expenditures & Transfers Out Operating Expenditures 530100 Professional Services 181,840 75,000 530300 Contractual Services 5,000 5,000 530500 Maintenance Contract 16,000 16,000 540300 Telephone Charges -Variable 4,000 - 540700 Postal Service 250 250 541600 Building & Maintenance 2,000 1,000 542300 Utilities-Gas, Water, Santitation 3,160 5,000 542800 Inter Fund- Gen Fund Operating - 3,730 542900 InterFund- Admin - 54,580 543100 Advertising 10,000 2,000 543400 Printing & Binding 5,000 5,000 544100 Equipment Rental 7,000 7,000 547100 Uniforms 2,000 1,000 547200 Employee Expense-Travel 15,000 15,000 547300 Milage Reimbursement 1,000 1,000 548000 Other Services 5,000 5,000 550100 Office Supplies 5,000 5,000 550400 Operating Supplies 4,000 4,000 557100 Memberships and Subscriptions 20,000 20,000 557300 Training and Reference 20,000 15,000 581000 Payments to Other Agencies-DDB 397,975 406,214 Total Operating Expenditures 704,225 646,774 Transfers Out 590200 General Fund-Administrative 1,100,000 976,126 590800 Community Policing (R2001) 262,289 277,120 590800 Community Engagements (R2002) 250,000 590800 Economic Development- City (R2003) 1,000,000 1,995,076 590800 Economic Development- County (R2004) 678;256. 952,424 Infrastructure- City (R2005) 590800 590800 Infrastructure-County (R2006)- 5908001 Transportation- City (R2007) 500,000 590800 Transportation- County (R2008) 'Housing- City (R2009) Housing- County (R2010). 200,000 599,246 804,488 - 2,000,000 2,000,000 5908001 590800 590800 Bluff Development (R2501) Total Transfers Out 6,589,791 7,005,234 Total Expenditures & Transfers Out 7,294,016 7,652,008 CRA- Projections for CIP 6 -Year Plan 2026-27 Estimated Budget County TIF 2,952,424 21% 2,952,424.00 City TIF 3,758,487 12% 3,758,487.00 DDB 406,214 8% 406,214.00 Other Revenue: Interest DDB Reimbursement 7,117,125.00 2027-28 Estimated Budget 3,040,997.00 3,871,242.00 418,400.00 7,330,639.00 2028-29 Estimated Budget 3,132,227.00 3,987,379.00 430,952.00 2029-30 Estimated Budget 3,226,194.00 4,107,000.00 443,881.00 7,550,558.00 7,777,075.00 Downtown CRA - 6 -Year Capial Projection 2030-31 Estimated Budget 3,322,980.00 4,230,210.00 457,197.00 8,010,387.00 2031-32 Estimated Budget 3,422,669.00 4,357,116.00 470,913.00 8,250,698.00 440,000 440,000.00 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00 94,883 94,883.00 98,680.00 102,630.00 106,740.00 111,010.00 115,450.00 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 Payment to DDB Transfers: GF Admin Community Policing Transfers to Capital (CITY) Transfers to Capital (County) Growth Factors Operating % Personnel Operating Expenses Capital Project's: R2001 -Community Policing • PD 277,120.00 PD .288,200.00 PD299,730 ..PD 311,720. PD 324,190' PD 337,160 R2002- Community Engagement 0% - 0% 0% - 0% - 0% - 0%, - R2003 - Economic Development -City 71% 1,995,076.00 35% 952,414.00 35% 974,477 30% 854,616 30% 874,410 30% 894,656 _ 112004- Economic Development- County 32% 952,424.00 25% 760,249.00 25% 783,057 30% 967,858 30% 996,894 30% 1,026,801 82005 -Infrastructure- City 0% 20% 544,236.00 20% 556,844 20% 569,744 20% 582,940 20%- 596,437 4.0% 2.0% 7,652,008.00 7,729,319.00 7,953,188.00 8,183,815.00 8,421,397.00 8,666,148.00 2026-27 Estimated Budget 240,560.00 406,214.00 976,126.00 277,120.00 2799_564.00 2,952,424.001 7,652,008.00 2027-28 Estimated Budget 245,370.00 418,400.00 1,015,170.00 288,200.00 2,721,182.01 5,040,997.001 7,729,319.00 2028-29 Estimated Budget 250,280.00 430,952.00 1,055,780.00 299,730.00 2,784,219.00 r- 3,132,227.061 7,953,188.00 2029-30 Estimated Budget 255,290.00 443,881.00 1,098,010.00 _ 311,720.00 r•- 2 84e,no:oo C 3,226,194.001 8,183,815.00 2030-31 Estimated Budget 2031-32 Estimated Budget 260,400.00 265,610.00 457,197.00 470,913.00 1,141,930.00 1,187,610.00 324,190.00 337,160.00 F2,914,760.001 p 982,186.00j X3,322,980.00 F 3,422,669.00 8,421,397.00 8,666,148.00 % of revenue 2026-27 Estimated Budget % of revenue 2027-28 Estimated Budget % of revenue 2028-29 Estimated Budget % of revenue 2029-30 Estimated Budget % of revenue 2030-31 Estimated Budget % of revenue 2031-32 Estimated Budget '82006 -infrastructure -County 0% - 5% .152,050.00 5% 156;611 0% - 0% R2007 -Transportation -City 0% 10% 272,118.00 10% 278,422 ''5% 142,436 5% 145;735 5% 149,109 R2008 -Transportation -County 0% -. 10% 304,100.00 10% 313,223 10% 322,619 10% —332,298 10% 342,2671 R2009 -Housing -City _ __ 29% 804,488.00 35% . 952,414.00 35% 974,477____45% _1;281,924__45% _ 1,311,615__ 45%___ 1;341,984 82010 -Housing -County 68% a 2,000,000.00 60% 1,824598.00 60% ,1,879,336 60%- 1,935,716 60%� �� 1,993,788 60% 2,053,601 : Total City: 100% 2,799,564.00 100% 2,721,182 100% 2,784,220 100% 2,848,720 100% 2,914,700 100% 2,982,1861 C Total County: 100% 2,952,424.00 100% 3,040,997.00 100% 3,132,227 • 100% 3 226,193 100% 3,422;66 3,322,980 100%