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26-05
RESOLUTION NO 26-05 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, ADOPTING THE NORTH GREENWOOD 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 NORTH GREENWOOD CRA Operating Budget as outlined on Exhibit A. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED .. 3rd day of August 2026. Bruce Rec Chairman Ap wen Koh er Interim CRA Attorney rm: Resolution 26-05 FY 26/27 NG CRA Budget Attest: Rosemarie Call City Clerk ca, Community Redevelopment Agency- North Greenwood Fiscal Year 2026-2027 October 1, 2026- September 30, 2027 Exhibit A 2025-2026 2026-2027 AMENDED Proposed Budget Budget Revenues & Transfers In Tax Increment Financing 338930 Revenues Pinellas County _ _ _ _____-. __-__________ ___-_- City of Clearwater _ _ __-51 466,2 593,551 _ ,__ __ 530,911 674,494 _ 381115 Total TIF Revenues 1,059,802 1,205,405 Other Revenues 361101 Interest Earnings 99,000 78,000 Total Revenues & Transfers In 1,158,802 1,283,405 Expenditures & Transfers Out Operating Expenditures 530100 Professional Services 16,250 15,000 530300 Contractual Services 6,750 530500 Maintance Contracts 6,929 542500 Postage 100 100 543100 Advertising 2,500 1,500 543200 Other Promotional Activities 2,000 1,000 543400 Printing & Binding 3,000 2,000 548000 Other Services 2,500 1,000 550100 Office Supplies 2,500 2,000 550400 Operating Supplies 1,300 1,500 557100 Memberships and Subscriptions 1,700 1,650 557300 Training and Reference 2,500 2,000 Total Operating Expenditures 41,100 34,679 Internal Services 540200 Postal Services 200 100 540300 Telephone Variable 2,913 541600 Building & Maintenance Variable 1,000 1,000 542900 Interfund- General Admin - 5,520 Total Internal Services 1,200 9,533 Transfers Out _ 590200 590800 590800 590800 __ General Fund-Administrative Housing- County R2407 Economic Development-County Mobility-County R2409.____ 100,000 200,000 ,-_ 266,251 550,251 255,279 200,000 330,911 _ _ ___ -_ _ 453,003 __ __ 590800 ___-___ Economic Development- City R2502 Total Transfers Out 1,116,502 1,239,193 Total Expenditures & Transfers Out 1,158,802 1,283,405 CRA - Projections for CIP 6 -Year Plan County TIF 530,911 City TIF 674,494 2026-27 Estimated Budget 530,910.61 674,494.00 1,205,404.61 2027-28 Estimated Budget 546,838.00 694,729.00 1,241,567.00 2028-29 Estimated Budget 563,243.00 715,571.00 1,278,814.00 Other Revenue: Interest 78,000 78,000.00 78,000.00 78,000.00 1,283,404.61 1,319,567.00 1,356,814.00 1,395,178.00 1,434,693.00 1,475,393.00 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 OTHER: Internal Services Transfers: GF Admin Community Policing Transfers to Capital (CITY) Transfers to Capital (County) Growth Factors Operating % Personnel Operating Expenses Capital Projects: R2406 - Housing - City I 0% 40% 184,860.00 40% 188,588 40% 192,391 40% 196,264 40% 200,209 tR2407 - Housing - County J] 38% 200,000.00 50% 273,419.00 75% 422,432 75% 435,105 75% 448,158 50% 307,735 R2408 -Mobility -City _ i _ 0% - 20% 92,430.00 20% 94,294 20% 96,196 20% 98,132 20% 100,105 R2409 -Mobility -County L 0% - 50% 273,419.00 25% 140,811 25% 145,035 25% 149,386 50% 307,735 R2502 - EconomicDevelopment-City j 100% 453,003.00 40% 184,860.00 40% 188 588 40% 192,391 40% 196,264 40% 200,209 11—Economic Development- County I 62% 330,911.00 50% 273,419.00 25% 140,811 25% 145,035 25% 149,386 50% 307,735 i Total City:1 c 100% 453,003.00 100% 462,150.00 100% 471,470.00 100% 480,978.00 100% 490,660.00 100%--500,523.00 t Total County I 100% 530,911.00 100% 546,838.00 100% 563,243.00 100% 580,140.00 100% 597,544.00 100% 615,470.00 4.0% 2.0% 2029-30 Estimated Budget 580,140.00 737,038.00 1,317,178.00 78,000.00 North Greenwood CRA- 6 -Year Capial Projection 2030-31 Estimated Budget 597,544.00 759,149.00 1,356,693.00 2031-32 Estimated Budget 615,470.00 781,923.00 1,397,393.00 78,000.00 78,000.00 2026-27 Estimated Budget 34,678.75 9,533.00 2027-28 Estimated Budget 35,370.00 9,720.00 2028-29 Estimated Budget 36,080.00 9,910.00 255,278.92 265,490.00 276,110.00 r 453,003._331 C 462,149.001 47 471,1.001 530,910.611 r 546,838.001 r 563,243.001 1,283,404.61 1,319,567.00 1,356,814.00 2029-30 Estimated Budget 36,800.00 10,110.00 287,150.00 F_ _ 480,978;6671 580,140.001 1,395,178.00 2030-31 Estimated Budget 37,540.00 10,310.00 2031-32 Estimated Budget 38,290.00 10,520.00 298,640.00 310,590.00 I 490,659.001 r 500,523.001 597,544.001 r --6155,-470:001 1,434,693.00 1,475,393.00 % 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