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HomeMy WebLinkAboutAgenda Packet 9-19-17 CRA Special CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY SPECIAL BOARD MEETING CAPE CANAVERAL LIBRARY MEETING ROOM 201 Polk Avenue, Cape Canaveral,Florida Tuesday September 19,2017 5:00 PM AGENDA CALL TO ORDER: ROLL CALL: PUBLIC PARTICIPATION: Any member of the public may address any items that do not appear on the agenda and any agenda item that is listed on the agenda for final official action by the Board excluding public hearing items which are heard at the public hearing portion of the meeting, ministerial items (e.g. approval of agenda, minutes, informational items), and quasi-judicial or emergency items. Citizens will limit their comments to three (3) minutes. The Board will not take any action under the "Public Participation" section of the agenda. The Board may schedule items not on the agenda as items and act upon them in the future. NEW BUSINESS: 1. Approve Minutes for Community Redevelopment Agency Board Meeting of August 16, 2016. 2. Approve FY 2017/18 Community Redevelopment Agency Board Meeting Schedule and Financial Reporting Requirements. 3. Resolution No. CRA-05; adopting a budget for the Cape Canaveral Community Redevelopment Agency for FY 2017/18; providing for the repeal of prior inconsistent resolutions, severability and an effective date. OPEN DISCUSSION: REPORTS: ADJOURNMENT: Pursuant to Section 286.0105,Florida Statutes,the public is advised that: If a person decides to appeal any decision made by the Community Redevelopment Agency Board with respect to any matter considered at this meeting,that person will need a record of the proceedings, and for such purpose that person may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. This notice does not constitute consent by the Agency for the introduction or admission into evidence of otherwise inadmissible or irrelevant evidence, nor does it authorize challenges or appeals not otherwise allowed by law. In accordance with the Americans with Disabilities Act: all interested parties may attend this Public Meeting. The facility is accessible to the physically handicapped. Persons with disabilities needing assistance to participate in the proceedings should contact the Agency Clerk's office (868-1220 x220 or x221)48 hours in advance of the meeting. Item No. 1 COMMUNITY REDEVELOPMENT AGENCY REGULAR BOARD MEETING CAPE CANAVERAL LIBRARY MEETING ROOM 201 Polk Avenue,Cape Canaveral,Florida August 16,2016 5:00 PM MINUTES CALL TO ORDER: The Chair called the Meeting to Order at 4:57 P.M. ROLL CALL: Board Members Present: John Bond, Bob Hoog, Brendan McMillin and Betty Walsh. Board Member Absent: Mike Brown Others Present: CRA Registered Agent David L. Greene, CRA Director David Dickey, CRA Board Attorney Anthony Garganese, CRA Clerk/Recording Secretary Mia Goforth, Administrative/Financial Services Director John DeLeo, Economic Development Director Todd Morley, Public Works Services Interim Director/Community Engagement Director Joshua Surprenant and Culture and Leisure Services Director Gustavo Vergara. PUBLIC PARTICIPATION: None. NEW BUSINESS: 1. Approve Minutes for Special Community Redevelopment Agency Board Meeting of September 8, 2015: Motion by Vice Chairperson Walsh, seconded by Board Member Bond, for approval of the minutes. The Motion carried unanimously, after a roll call vote. 2. Approve FY 2016/17 Community Redevelopment Agency Meeting Schedule and Financial Reporting Requirements: CRA Registered Agent Greene explained CRA Meetings are scheduled to coincide with City Council Meetings to transition from one meeting to the next. Motion by Board Member Bond,seconded by Board Member McMillin,for approval of item number two. Motion carried unanimously, after a roll call vote. 3. Resolution No. CRA-04; adopting a budget for the Cape Canaveral Community Redevelopment Agency for Fiscal Year 2016-17, providingfor or repeal of prior inconsistent resolutions, providing for severability, providing for an effective date. CRA Board Attorney Garganese recommended a Public Hearing on the item and read the Resolution title into the record. Chairperson Hoog requested CRA Registered Agent Greene give a summary of the budget: from an overall point of view, the CRA is doing nicely; the new hotel will appear on the tax roll next year; a distillery may provide additional revenue; bulk of expenditures deal with phase two of the North Atlantic Avenue Streetscape Project recognizing mobility, striping,solar lights,benches and additional landscaping, these being items not included in the federal and state grant program; professional services for repurposing the old City Hall into an arts/history facility to include design concepts and drawings to see how it fits with the existing City Hall campus;funds are in the budget City of Cape Canaveral,Florida Community Redevelopment Agency Regular Board Meeting August 16, 2016 Page 2 of 2 to recognize the possibility for a multi-generational facility at Canaveral City Park;the repurposing and closing off of Polk Avenue, which came out of the Council/Staff Retreat, moving forward to set the stage for a streetscape concept, continue to have an ambitious agenda regarding the areas to be redeveloped that are eligible for CRA funds for infrastructure, sidewalks, buildings and facilities. Staff recommends the Board adopt the Resolution. Discussion ensued and included how the timing was right for this action from a taxable value point of view. The Public Hearing was opened.No comments were received. Motion by Vice Chairperson Walsh,to adopt Resolution No. CRA-04. Motion seconded by Board Member Bond. Motion carried unanimously, after a roll call vote. As a point of order, the Public Hearing was opened again. No comments were received and the Public Hearing was closed. OPEN DISCUSSION: None. REPORTS: CRA Registered Agent Greene stated as time goes on, the City is dealing with the larger, long-term infrastructure needs with a list of things to do to move forward such as a grant program to benefit some local businesses and properties within the CRA; a painting program for community properties that need to be brought up to City Code; and, due to some recent vandalism in the City, providing a painting wall to allow for properly vetted, public art projects in various parks in the City, further engaging community residents, guests and visitors. Chairperson Hoog pointed out the importance of the upcoming Brevard County Commission election. ADJOURNMENT: There being no further business, Chairperson adjourned the meeting at 5:13 p.m. Bob Hoog, Chairperson Mia Goforth, CRA Clerk/ Recording Secretary hc �� City of Cape Canaveral Community Redevelopment Agency Board 4 Agenda Form CRA Board Meeting Date: 9/19/2017 Item No. 2 Subject: Approve FY 2017/18 Community Redevelopment Agency Board Meeting Schedule and Financial Reporting Requirements. Department: Community Redevelopment Summary: The City of Cape Canaveral Community Redevelopment Agency (CRA) Board is required to hold certain financial meetings each year: 1. Approve Annual CRA Budget (due October 1'of each year). 2. Approve Annual Report(due March 31'of each year). 3. Approve Annual CRA Financial Audit(due March 31'of each year). Additionally, the CRA Board will need to meet as necessary for other items, including consideration of grant requests for CRA Programs. To reasonably accomplish these goals, Staff recommends the CRA Board adopt and reserve the following meeting schedule for the upcoming FY 2017/18: • The third Tuesday of November, • The third Tuesday of March, • The third Tuesday of June, and • The third Tuesday of September. In the case where a meeting date is scheduled and there is no business for the CRA Board to consider, no meeting will be held. Submitting Director: David Dickey 1 Date: Attachment:None Financial Impact: Staff time/effort to prepare this Agenda Item. Reviewed by Administrative/Financial I Services Director: John DeLeo ) Date: The CRA Director/Registered Agent recommend hat the CRA Bovarb take the following action:Approve FY 2017/18 Community Redevelopment Agency Board Meeting Schedule and Financial Reporting Requirements. Approved by CRA Registered Agent: David L. Green Date: /7 City of Cape Canaveral 40 Community Redevelopment Agency Board Agenda Form CRA Board Meeting Date: 9/19/2017 Item No. 3 Subject: Resolution No. CRA-05; adopting a budget for the Cape Canaveral Community Redevelopment Agency for FY 2017/18; providing for the repeal of prior inconsistent resolutions, severability and an effective date. Department: Community Redevelopment Summary: The City of Cape Canaveral Community Redevelopment Agency (CRA) was established August 21, 2012 with the adoption of Resolution No. 2012-16. The CRA was created pursuant to Part III, Chapter 163,Florida Statutes and is considered a dependent Special District under Chapter 189 F.S. As a Special District, the CRA Board is required to adopt a budget for each fiscal year by resolution. The CRA Budget has been revised based on additional information received from the Brevard County Property Appraiser. The City's Annual Budget includes the Cape Canaveral CRA Budget which details the revenues and anticipated expenditures of the Special District. The projected revenue for the CRA for FY 2017/18 is $1,158,731, which includes line items of $370,034 and $388,697 of ad valorem revenue from the City and Brevard County respectively and a $400,000 transfer from the General Fund (loan proceeds from the $6.2 million Capital Improvement Revenue Note). Notable expenses include $11,239 for operating costs, debt service of$741,527 and $400,000 for capital outlay. The$100,000 loan from the City used to initially fund the CRA in 2014 was paid in full in FY 2016/17. Future CRA debt will be subject to an Interlocal Agreement between the City and Brevard County. Resolution No.CRA-05(Attachment)has been prepared to adopt the FY 2017/18 Budget,which will take effect October 1, 2017 to run through September 30, 2018. Submitting Director: David Dickey Date: 7 Attachment: Resolution No. CRA-05 Financial Impact: Staff time/effort to prepare this Agenda Item. Reviewed by Administrative Services/ r ' Finance Director: John DeLeo Date: Is7 The CRA Director/Registered Agent recommen that the CRA Board fake the following action: Adopt Resolution No. CRA-05. Approved by CRA Registered Agent: David L. Greene Date: /S 7 RESOLUTION NO. CRA-05 A RESOLUTION OF THE CITY OF CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY;ADOPTING A BUDGET FOR THE CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY FOR FISCAL YEAR 2017/18; PROVIDING FOR THE REPEAL OF PRIOR INCONSISTENT RESOLUTIONS, SEVERABILITY AND AN EFFECTIVE DATE. WHEREAS,the City Council of the City of Cape Canaveral, Florida adopted Resolution No. 2012-16, creating the Cape Canaveral Community Redevelopment Agency ("CRA"), pursuant to Part III, Chapter 163, Florida Statutes; and WHEREAS,the CRA is a dependent special district under Chapter 189, Florida Statutes, known as the Uniform Special District Accountability Act of 1989 ("Act"); and WHEREAS, the Act requires all special districts, including dependent special districts such as the CRA, to adopt a budget for each fiscal year by resolution; and WHEREAS, the Cape Canaveral Community Redevelopment Agency desires to comply with the requirements of the Act and takes this action in order to do so; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD MEMBERS OF THE CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY,AS FOLLOWS: Section 1. Recitals. The foregoing recitals are deemed true and correct and are hereby fully incorporated herein by this reference and are deemed a material part of this Resolution. Section 2. Adoption of Budget. The Board Members of the Cape Canaveral Community Redevelopment Agency do hereby approve and adopt a budget attached hereto as Exhibit"A" for the CRA for Fiscal Year 2017-18; beginning October 1, 2017 and ending September 30, 2018. Section 3. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of the conflict. Section 4. Severability. If any section, subsection, sentence, clause,phrase or portion of this resolution is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining portion hereto. City of Cape Canaveral Community Redevelopment Agency Resolution No. CRA-05 Page I of 2 Section 5. Effective Date. This Resolution shall become effective immediately upon adoption by the Board Members of the Cape Canaveral Community Redevelopment Agency. ADOPTED at a Regular Meeting of the Board Members of the City of Cape Canaveral Community Redevelopment Agency this 19th day of September, 2017. ATTEST: Bob Hoog, Chairperson Mia Goforth, CRA Clerk/Recording Secretary Name For Against Mike Brown Robert Hoog Brendan McMillin Rocky Randels Betty Walsh Approved as to legal form and sufficiency for Cape Canaveral Community Redevelopment Agency only: Anthony A. Garganese,Attorney for Cape Canaveral Community Redevelopment Agency City of Cape Canaveral Community Redevelopment Agency Resolution No. CRA-05 Page 2 of 2 Resolution No. CRA-05 - Exhibit"A" Cape Canaveral Community Redevelopment Agency The Community Redevelopment Plan was developed in FY12-13. The Projects in the Plan are funded with TIF revenues deposited in the Trust Fund to encourage development/redevelopment; financial incentives to developers and businesses; and financing of capital improvement projects. The City loaned the Community Redevelopment Agency$100K to initially fund the CRA in FY 2014.This loan was paid back to the City in FY 16-17. In the summer of 2015,the City completed the regional Lift Station Project which included easement and waterline extension work located within the CRA partially funded by the Wastewater Fund.The CRA Board approved the repayment of$470,000 to the Wastewater Fund at its September 2015 meeting.The first payment was made January 31st, 2016 and subsequent installments are due each year thereafter on January 31st until the loan is paid in full.The annual interest rate is set at 2%. In July of 2017, the City acquired another Capital Note to finance the redevelopment of Canaveral City Park and the Cape Canaveral Cultural Arts Preservation Enrichment Center.This 6.2 million Revenue Note with an interest rate of 2.05%for ten years will be repaid by the CRA. Capital Outlay Detail FY 16/17 FY 17/18 Grant Programs $ - $ - Capital Initiatives-City Park Redevelopment 220,000 400,000 Mobility/Striping Project 65,000 - $ 285,000 $ 400,000 Debt Repayment Schedule Wastewater Loan$470K General Fund Note$6.2M Principal Interest Principal Interest FY 17-18 $ 44,786 $ 7,538 $ 564,000 $ 125,203 FY 18-19 45,682 6,642 576,000 109,634 FY 19-20 46,596 5,728 588,000 97,703 FY 20-21 47,527 4,797 600,000 85,526 FY 21-22 48,478 3,846 613,000 73,093 FY 22-23 49,448 2,876 625,000 60,404 FY 23-24 50,436 1,887 638,000 47,458 FY 24-25 43,047 879 652,000 34,235 FY 25-26 665,000 20,736 FY 26-27 679,000 6,960 Resolution No. CRA-05 - Exhibit"A" Budget Detail Cape Canaveral Community Redevelopnieui Agcncy Fund 106-Dept 016 2014-2015 2015-2016 2016-2017 2016-2017 2017-2018 % Actual Actual Original Projected Adopted luclDee Revenue 106-000-300-300100 Cash Forward S 487,899 - 0% 106-000-334-334510 State Grant DEO - - 20,000 - -100% 106-000-338-338000 Shared Revenue fr Cape Canaveral 55,330 118,464 210,305 210,305 370,034 76% 106.000-338-338001 Shared Revenue fir Brevard Cnty 70,810 154,892 265,198 265,198 388,697 47% 106-000-361-361100 Interest From Investment - - - - - 0% 106-000-361-361310 Net Increase(decrease)in FMV - 0% 106-000-381-381001 Transfer from General Fund - - - - 400,000 0% Total Revenue $ 126,I40 S 761,255 S 475.503 S 495,503 $ 1,158,731 k34% Operating 106-016-559-310000 Legal Fees 5,338 945 1,000 3,200 3,000 -6% 106-016-559-310001 AdministratviclProfessional Svcs 238 175 47,083 175 1,000 471% 106-016-559-400000 Travel&Per Diem - - 644 - 644 100% 106-016-559150000 Insurance 4,287 5,095 5,000 5,351 5,500 3% 106-016-559-520000 Operaling Supplies - - - - - 0% 106-016-559-540000 Membership&Training 990 495 1,095 495 1,095 121% Total Operating 10,853 6,710 54,822 9,221 11,239 22% Capital Outlay 106-016-559-630000 Grant Programs - 175,206 - - - 0% 106-016-559-630001 Capital Initiatives 15,043 - 220,000 246,287 400,000 62% 106-016-559-630002 Mobility/Striping Project 13,745 85,910 65,000 40,000 - -100% 106-016.559.630003 Oak Lane Design - 18,500 - - - 0% Total Capital Outlay 28,788 279,616 285,000 286,287 400,000 40% Debt Service 106-016-559-710000 Debt Service-Priniepal - - 125,630 81,722 608,786 645% 106-016-559-720000 Debt Service-Interest - 10,051 1,635 132,741 8019% Total Debt Service - - 135,681 83,357 741,527 790% Other Expenses 106-016-581-910001 Transfer to General Fund 2,167 1,821 - - 0% 106-016-581-910401 Transfer to Wastewater Fund - 473,108 0% Total Other Expenses 2,167 474,929 - 0% Contingency 106-016-559-990000 Contingency 84,332 - 116,638 5,965 -95% Total Contingency 84,332 - - 116,638 59965 -950i6 Total Community Redevelopment Agency Fund Budget $ 126,140 $ 761,255 S 475,503 S 495,503 S 1,158,731 134%