HomeMy WebLinkAboutAnnual Report of Activities to County 3-11-16CityCapeof Canaveral
Community Redevelopment Agency
March 11, 2016
Chairman Jim Barfield
Brevard County Board of County Commissioners
2725 Judge Fran Jamieson Way
Viera, FL 32940
RE: Cape Canaveral Community Redevelopment Agency Annual Report — 2014/15 FY
Dear Chairman Barfield:
The Cape Canaveral Community Redevelopment Agency was established August 21, 2012 with
the adoption of Resolution No. 2012-16. On December 18, 2012, the City Council adopted the
Community Redevelopment Plan and created the Redevelopment Trust Fund by adoption of
Ordinance No. 23-2012.
Since the City of Cape Canaveral is financially accountable for the activities of the Cape
Canaveral CRA, its governing board is the same, and its relationship to the City is significant,
its financial activities are reported on a blended basis as if it were part of the primary government
as a major special revenue fund.
Per F.S. 163.356(3)(c), " ...An agency authorized to transact business and exercise powers under
this part shall file with the governing body, on or before March 31 of each year, a report of its
activities for the preceding fiscal year, which report shall include a complete financial statement
setting forth its assets, liabilities, income, and operating expenses as of the end of such fiscal
year. At the time of filing the report, the agency shall publish in a newspaper of general
circulation in the community a notice to the effect that such report has been filed with the county
or municipality and that the report is available for inspection during business hours in the office
of the clerk of the city or county commission and in the office of the agency."
The fiscal year for the CRA is October 1 through September 30. This Report is for the period
from October 1, 2014 to September 30, 2015 (FY 2014-15).
Mailing Address: P.O. Box 326 Physical Address: 110 Polk Avenue
Cape Canaveral, FL 32920-0326
Telephone (321) 868-1222 — Fax (321) 868-1247
www.cityofcapecanaveral.or e-mail: info(a cityofcapecanaveral.org
CRA Annual Report — FY 2014/15
March 11, 2016
Page 2
CRA Accomplishments FY 2014-15:
Approve FY 14/15 Line Item Transfer within the CRA Budget in the amount of
$109,883.75 for Oak Lane Improvements and Striping Projects within the CRA.
Resolution No. 2015-04; a joint Resolution with the City Council authorizing a loan from
the City to the Cape Canaveral Community Redevelopment Agency, in an amount not to
exceed $470,000.00, for purposes of commencing certain redevelopment activities
within the redevelopment area related to replacing and upsizing Lift Station No. 6,
constructing water line improvements and/or such other activities in order to promote
anticipated economic growth.
Passed Resolution No. CRA -02; adopting a budget for the CRA for Fiscal Year
2015/16.
Passed Resolution No. CRA -03; amending the budget for Fiscal Year 2014/15.
Approved a meeting schedule and financial reporting requirements for Fiscal Year
2015/16.
Financial Report:
Revenues FY 2014-15: $126,140 (Intergovernmental)
Expenditures FY 2014-15: $39,642
Please contact me at (321) 868-1230 or email d.greene@cityofcapecanaveral.org should you
have questions or need additional information. Thank you.
Sincerely,
David L. Greene
Registered Agent
cc: City of Cape Canaveral CRA Board Chairman and Board Members
Anthony Garganese, CRA Board Attorney
Mia Goforth, CRA Recording Secretary
John DeLeo, Financial Services Director
David Dickey, Community Development Director
Mailing Address: P.O. Box 326 Physical Address: 110 Polk Avenue
Cape Canaveral, FL 32920-0326
Telephone (321) 868-1222 — Fax (321) 868-1247
www.cityofcapecanaveral.or e-mail: info(& cityofcapecanaveral.org