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HomeMy WebLinkAboutAgenda Packet 09-18-18 CRA Regular CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING City Hall Council Chambers 100 Polk Avenue, Cape Canaveral, Florida 32920 Tuesday September 18, 2018 5:30 PM AGENDA CALL TO ORDER: PLEDGE OF ALLEGIANCE: 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 June 19, 2018. 2. Approve FY 2018/19 Community Redevelopment Agency Board Meeting Schedule and Financial Reporting Requirements. 3. Resolution No. CRA-06; adopting a budget for the Cape Canaveral Community Redevelopment Agency for FY 2018/19; providing for the repeal of prior inconsistent resolutions, severability and an effective date. 4. a. Resolution No. 2018-16; a joint Resolution of the City Council of the City of Cape Canaveral, Florida ("City"), and the Cape Canaveral Community Redevelopment Agency ("Agency"); recognizing a Joint Public Partnership Between the City and the Agency related to the pending redevelopment activities associated with the redevelopment of Canaveral City Park including the construction of a new Multigenerational Center and the Cape Canaveral Cultural Arts Preservation Enrichment (CAPE) Center (collectively referred to as "redevelopment activities"); providing for a financial contribution from the Agency to assist in funding the redevelopment activities; providing for the approval of an Interlocal Agreement memorializing the terms and conditions of the Agency's commitment to assist in funding the Redevelopment Activities in an annual amount equal to the annual principal and interest payment paid by the City on the bank loan with Whitney Bank(d/b/a Hancock Bank) which City of Cape Canaveral, Florida Community Redevelopment Agency Board Meeting September 18, 2018 Page 2 of 2 was authorized by the City Council under Ordinance No. 07-2017 and Resolution No. 2017-10 in an amount equal to $6.2 million, for the express purposes stated in the Loan Agreement of the redevelopment of Canaveral City Park including the construction of a new Multigenerational Center, the Cape Canaveral Cultural Arts Preservation Enrichment(CAPE) Center and related capital improvements located within the Redevelopment Area; providing for the repeal of prior inconsistent resolutions, no conflicts; severability and an effective date. (See Attached Memo) b. Recommend approval of Resolution No. 2018-16 to the Cape Canaveral City Council. 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 x207 or x206) 48 hours in advance of the meeting. Item No. 1 COMMUNITY REDEVELOPMENT AGENCY REGULAR BOARD MEETING CAPE CANAVERAL COUNCIL CHAMBERS 100 Polk Avenue, Cape Canaveral,Florida June 19, 2018 5:30 PM MINUTES CALL TO ORDER: The Chair called the Meeting to Order at 5:31 PM. ROLL CALL: Board Members Present: Chairperson Bob Hoog, Vice-Chairperson Mike Brown, Wes Morrison, Rocky Randels and Angela Raymond 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, Capital Projects Director Jeff Ratliff, Economic Development Director Todd Morley, Human Resources/Risk Management Director Jane Ross, Public Works Services Director Debra Holliday, Community Engagement/Deputy Public Works Services Director Joshua Surprenant, Culture& Leisure Services Director Gustavo Vergara and Deputy City Clerk Daniel LeFever. PUBLIC PARTICIPATION: None. NEW BUSINESS: 1. Approve Minutes for Community Redevelopment Agency Board Special Meeting of September 19, 2017: A motion was made by Board Member Randels, seconded by Board Member Raymond,for approval of the minutes. The Motion carried 5-0. 2. Review and provide feedback on the DRAFT Community Redevelopment Agency, (�CRAJ Financial Incentives Guide: CRA Registered Agent Greene summarized the item. Discussion ensued. A motion was made by Board Member Randels, seconded by Board Member Raymond, recommending Board feedback be taken into consideration and adopt the CRA Financial Incentives Guide. The motion carried 5-0. 3. Approve Interlocal Agreement between the City of Cape Canaveral, Florida, the City of Cape Canaveral Community Redevelopment Agency and Brevard County, Florida, and authorize Board Chair to execute same: CRA Registered Agent Greene summarized the item. Discussion ensued. The Board reached consensus to not delay the Interlocal Agreement by making a revision to it and instead ensure that both the CRA Board Chair and the City Manager attend the annual meeting. A motion was made by Vice Chair Brown, seconded by Board Member Randels,to approve the Interlocal Agreement.The motion carried 4-1,with Board Member Morrison voting against. City of Cape Canaveral,Florida Community Redevelopment Agency Regular Board Meeting June 19, 2018 Page 2 of 2 OPEN DISCUSSION: None. REPORTS: None. ADJOURNMENT: There being no further business, Chairperson Hoog adjourned the meeting at 6:05 PM. Bob Hoog, Chairperson Mia Goforth, CRA Clerk/ Recording Secretary City of Cape Canaveral. Community Redevelopment Agency Board Agenda Form CRA. Board Meeting Date: 9/18/2018 Item No. 2 Subject: Approve FY 2018/19 Cora auza ty Redevelopment Agency Board Meeting Schedule and Financial Reporting Requirements. Department- Community Development uaxnnn ry The City of Cape Canaveral C0.ni M its= Rodevelopment Agency (CRA) Board is required to hold certain financial meetings each year: 1. Approve Annual CRA Budget(due October 151 of each year-). 2. Approve Annual Report (due March 31"of each year). 3. Approve Annual CRA Financial Audit(due March 31st of each year). Additionally, the CRA Board will need to meet as necessary for other items, including consideration of grant requests for CRA Prograr'ns. To reasonably accomplish these goals, Staff recommends the CRA Board adopt and reserve the following meeting schedule for the upcoming FY 2018/19: ® 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 theme is no business for the CRA Board to consider, no meeting will be held, Submitting Director: David Dicke f Date: �o r. Attachment; None Financial Impact: Staff time/effort to prepare this Agenda Item. Reviewed by Administrative/FinancialD Services Director: John DeLeo Date: The CRA Director/Registered Agent recom ' nds that the CRA Woard tale the following action:Approve FY 2018/19 Community Redevelopment Agency Board Meeting Schedule and Financial Reporting Requirements. Approved by CRA Registered Agent: David L. Greene Date: 611 CE City of Cape Canaveral Community Redevelopment Agency Board Agenda Form CRA Board Meeting Date: 9/18/2018 Item leo. 3 Subject: Resolution No. CRA-06; 'adopting a budget for the Cape Canaveral Community Redevelopment Agency for FY 2018/19; providing for the repeal of prior inconsistent resolutions, severability and an effective date. Department: Community Development Summary: The City of Cape Canaveral Community Redevelopment Agency (CRA) was established August 21, 2012 with the adoption of Resolution No. 201246. The GRA was created pursuant to Part III, Chapter 163, and 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,wMch details the revenues and anticipated expenditures of the Special District. The projected revenue for the CRA for FY 2018/19 is $5,604,257, which includes line items of $468,799 and $468,799 of ad valorem revenue from the City and Brevard County respectively and a $4,600,000 transfer from the General Fund(loan proceeds from the $6.2 million Capital Improvement Revenue Note). Notable expenses include $11,299 for operating costs,debt service of$737,958 and$4,855,000 for capital outlay. FY 2018/19 will be the .first year that the CRA. makes available funds ($50,000) for various grant programs. Also, $120,000 has been earmarked for Phase 3 of the North Atlantic Avenue Streetscape project. Resolution No. CRA-06 (Attachment) has been prepared to adopt the proposed FY 2018/19 Budget, which will take effect October 1, 2018 to ough September 30, 0 Submitting Director: David Dicke ( Date: W) -0 Attachment: Resolution No. CRA-06. Financial Impact: Staff time/effort to prepare this Agenda Item. Reviewed by Administrative Services/ elh I,Y Finance Director: John DeLeo llate: The CRA Director/Registered Agent recomm ds that the CRA]hoar talc. the following action: Adopt Resolution No. CRA-06. Approved by CRA Registered Agent: David L. Greene 0 'L Date: '71-7 0 RESOLUTION NO. CRA-06 A RESOLUTION OF THE CITY OF CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY;ADOPTING A BUDGET FOR THE CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY FOR FISCAL YEAR 2018/19; 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 2018/19; beginning October 1, 2018 and ending September 30, 2019. 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-06 Page 1 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 18th day of September, 2018. ATTEST: Bob Hoog, Chairperson Mia Goforth, CRA Clerk/Recording Secretary Name For Against Mike Brown Bob Hoog Wes Morrison Rocky Randels Angela Raymond 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-06 Page 2 of 2 Resolution No. CRA-06 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. 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 31 st 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(CAPE)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 18/19 FY 19/20 Grant Programs $ 50,000 $ - Capital Initiatives-City Park Redevelopment 4,600,000 - CAPE Center 20,000 Mobility/Striping Project 65,000 - North Atlantic Ave.Phase 3 120,000 $ 4,855,000 $ - Debt Repayment Schedule Wastewater Loan$470K General Fund Note$6.2M Principal Interest Principal Interest 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-06 Exhibit"A" Budget Detail Cape Canaveral Community Redevelopment Agency Fund 106-Dept 016 2015-2016 2016-2017 2017-2018 2017-2018 2018-2019 % Actual Actual Original Projected Adopted Inc/Dec Revenue 106-000-300-300100 Cash Forward 487,899 $ - 66,659 100% 106-000-334-334510 State Grant DEO - 39,500 - - - 0% 106-000-338-338000 Shared Revenue fir Cape Canaveral 118,464 210,305 370,034 370,034 468,799 27% 106-000-338-338001 Shared Revenue fir Brevard Cray 154,892 265,198 388,697 285,555 468,799 64% 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 - 60,000 400,000 400,000 4,600,000 1050% Total Revenue $ 761,255 $ 575,003 $ 1,158,731 $ 1,055,589 $ 5,604,257 431% Operating 106-016-559-310000 Legal Fees 945 110,711 3,000 3,000 3,000 0% 106-016-559-310001 Administratvie/Professional Svcs 175 39,675 1,000 1,000 1,000 0% 106-016-559-400000 Travel&Per Diem - - 644 644 704 9% 106-016-559-450000 Insurance 5,095 5,351 5,500 5,500 5,500 0% 106-016-559-520000 Operating Supplies - - - - - 0% 106-016-559-540000 Membership&Training 495 495 1,095 1,095 1,095 0% Total Operating 6,710 156,232 11,239 11,239 11,299 1% Capital Outlay 106-016-559-630000 Grant Programs 175,206 - - - 50,000 100% 106-016-559-630001 Capital Initiatives - 191,820 400,000 302,823 4,620,000 1426% 106-016-559-630002 Mobility/Striping Project 85,910 - - - 65,000 100% 106-016-559-630003 Oak Lane Design 18,500 - 0% 106-016-559-630004 North Atlantic Ave.Phase 3 - - - 120,000 100% Total Capital Outlay 279,616 191,820 400,000 302,823 4,855,000 1503% Debt Service 106-016-559-710000 Debt Service-Prinicpal 0 125,630 608,786 608,786 621,682 2% 106-016-559-720000 Debt Service-Interest (0) 10,051 132,741 132,741 116,276 -12% Total Debt Service 0 135,681 741,527 741,527 737,958 0% Other Expenses 106-016-581-910001 Transfer to General Fund 1,821 - - - - 0% 106-016-581-910401 Transfer to Wastewater Fund 473,108 0% Total Other Expenses 474,929 - 0% Contingency 106-016-559-990000 Contingency - 91,271 5,965 0% Total Contingency - 91,271 5,965 0% Total Community Redevelopment Agency Fund Budget $ 761,255 $ 575,003 $ 1,158,731 $ 1,055,589 $ 5,604,257 431% Item No. 4 Memo TO: Community Redevelopment Agency Board VIA. David L. Greene, CRA Registered Agent FROM: David Dickey,CRA Director DATE: September 11,2018 RE: Joint Resolution No. 2018-16 Joint Resolution No. 2018-16 authorizes a$6.2 million/10-yr. loan from the City to the CRA Fund. The agenda item will include an interlocal agreement,revenue note and an amortization schedule. The purpose of the loan is to: • Fund the redevelopment of the Canaveral City Park ($5.0 million) to include a 20,000 square foot Multi-Generational Facility that will house a youth center, Police Athletic Leaque programs and various activities/community-oriented events; and • Fund the redevelopment of the Old City Hall Building into the CAPE Center($1.2 million) for a location to promote art and the City's history. It would include outdoor displays and activities such as the Framer's Market, art classes, murals, and mid-century modem architecture tying into the era when the City was incorporated. The agenda item was not complete as of the agenda distribution. Once it has been reviewed and approved, it will be distributed to Board members. It is anticipated that the item will be forwarded to you by the close of business tomorrow,Wednesday, September 12,2018.