Loading...
HomeMy WebLinkAboutcocc_cra_mtg_packet_20190917 CITY OF CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY BOARD MEETING City Hall Council Chambers 100 Polk Avenue, Cape Canaveral, Florida 32920 Tuesday September 17, 2019 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 City of Cape Canaveral Community Redevelopment Agency Board Meeting of September 18, 2018. 2. Approve FY 2019/20 City of Cape Canaveral Community Redevelopment Agency Board Meeting Schedule and Financial Reporting Requirements. 3. Resolution No. CRA-07; adopting a budget for the City of Cape Canaveral Community Redevelopment Agency for FY 2019/20; 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 [(321) 868-1220 Ext. 207 or Ext. 206] 48 hours in advance of the meeting. Item No. 1 DRAFT CITY OF CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY REGULAR BOARD MEETING CAPE CANAVERAL COUNCIL CHAMBERS 100 Polk Avenue, Cape Canaveral,Florida September 18,2018 5:30 PM MINUTES CALL TO ORDER: The Chair called the Meeting to Order at 5:29 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 (arrived 5:31 PM), CRA Clerk/Recording Secretary Mia Goforth, Administrative/Financial Services Director John DeLeo, Capital Projects Director Jeff Ratliff, Economic Development Director Todd Morley, Public Works Services Director Debra Holliday, Community Engagement/Deputy Public Works Services Director Joshua Surprenant, Culture & Leisure Services Director Gustavo Vergara, Brevard County Sheriff's Office Commander Linda Moros(arrived 5:41 PM), Canaveral Fire Rescue Assistant Chief/Fire Marshall John Cunningham (arrived 5:41 PM) and Deputy City Clerk Daniel LeFever. PUBLIC PARTICIPATION: None. NEW BUSINESS: 1. Approve Minutes for Community Redevelopment Agency Board Meeting of June 19, 2018: A motion was made by Board Member Raymond, seconded by Board Member Randels,for approval of the minutes. The Motion carried 5-0. 2. Approve FY 2018/19 Community Redevelopment Agency (CRA) Board Meeting Schedule and Financial Reporting Requirements: Discussion ensued and included CRA Board Meeting agenda production, cancellations, suggestions to establish the same criteria for CRA Board Meeting agenda deadlines as for City Council Meetings and to have the CRA Board vote on agenda items proposed by Board Members for meetings. Registered Agent Greene indicated voting is not required for placing items on an agenda, CRA Board Members may prepare and submit agenda items to Staff and CRA meetings will be held. A motion was made by Board Member Randels, seconded by Board Member Morrison, for approval of FY 2018/19 CRA Board Meeting Schedule and Financial Reporting Requirements. The Motion carried 5-0. 3. Resolution No. CRA-06; adopting a budget for the Cape Canaveral CRA for FY 2018/19; providing for the repeal of prior inconsistent resolutions, severability and an effective date: CRA Board Attorney Garganese read the title into the record. The Public Hearing was opened. There being no public comment, the Public Hearing was closed. There being no CRA Board discussion, Chairperson Hoog called for a motion. A motion was made by Board Member Raymond, DRAFT City of Cape Canaveral, Florida Community Redevelopment Agency Regular Board Meeting September 18, 2018 Page 2 of 2 seconded by Vice-Chairperson Brown, for adopting a budget for the Cape Canaveral CRA for FY 2018/19. The Motion carried 5-0. 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 c"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 Multi-Generational Center and the 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 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 Multi-Generational Center, the 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): CRA Board Attorney Garganese read the title into the record. The Public Hearing was opened. There being no comment,the Public Hearing was closed. Discussion ensued. A motion was made by Board Member Raymond, seconded by Vice-Chairperson Brown, for adoption of joint Resolution No. 2018-16. The Motion carried 5-0. b. Recommend approval of Resolution No. 2018-16 to the Cape Canaveral City Council: CRA Board Attorney Garganese explained the item. A motion was made by Vice-Chairperson Brown,seconded by Board Member Raymond,for approval of Resolution No.2018-16 to the City Council. The Motion carried 5-0. OPEN DISCUSSION: None. REPORTS: None. ADJOURNMENT: There being no further business, Chairperson Hoog adjourned the meeting at 5:58 PM. Bob Hoog, Chairperson Mia Goforth, CRA Clerk/Recording Secretary City of Cape Canaveral Community Redevelopment Agency Board Agenda Form CRA Board Meeting Date: 09/17/2019 Item No. 2 Subject: Approve FY 2019/20 City of Community Redevelopment Agency (CRA) Board Meeting Schedule and Financial Reporting Requirements. Department: Community Development Summary: The City of Cape Canaveral CRA Board is required to hold certain financial meetings each year: 1. Approve Annual CRA Budget(due October 1st of each year). 2. Approve Annual Report(due March 31st 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 CRA items. To reasonably accomplish these goals, Staff recommends the CRA Board adopt and reserve the following meeting schedule for the upcoming FY 2019/20: • The third Tuesday of November(November 19th); • The third Tuesday of March (March 17th); • The third Tuesday of June (June 16th); and • The third Tuesday of September (September 15th) 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. Submitted By: Brenda Defoe-Surprenant Date: 9/10/19 Attachments: None Financial Impact: Staff time/effort to prepare this Agenda Item. Reviewed by Administrative/Financial Services Director: John DeLeo Date: 9/10/19 The CRA Director/Registered Agent recommends that the CRA Board take the following action:Approve FY 2019/20 Community Redevelopment Agency Board Meeting Schedule and Financial Reporting Requirements. Approved by CRA Registered Agent: JS on Behalf of David L. Greene Date: 9/10/19 City of Cape Canaveral Community Redevelopment Agency Board Agenda Form CRA Board Meeting Date: 09/17/2019 Item No. 3 Subject: Resolution No. CRA-07; adopting a budget for the City of Cape Canaveral Community Redevelopment Agency (CRA) for FY 2019/20; providing for the repeal of prior inconsistent resolutions, severability and an effective date. Department: Community Development Summary: The CRA was established August 21, 2012 with the adoption of Resolution No. 2012-16. The CRA 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 CRA Budget,which details the revenues and anticipated expenditures of the Special District. The projected revenue for the CRA for FY 2019/20 is $5,693,725 which includes line items of$574,578 and $574,578 of ad valorem revenue from the City and Brevard County respectively and a$4,409,000 transfer from the General Fund(loan proceeds from the $6.2 million Capital Improvement Revenue Note). Notable expenses include $11,559 for operating costs, debt service of$738,027 and$4,778,500 for capital outlay. FY 2019/20 includes $2,870,000 earmarked for W. Central Blvd./Thurm Blvd. Streetscape Project. Resolution No. CRA-07 (Attached) has been prepared to adopt the proposed FY 2019/20 Budget, which will take effect October 1, 2019 to run through September 30, 2020. Submitted By: Brenda Defoe-Surprenant Date: 9/10/19 Attachment: 1. Resolution No. CRA-07 Financial Impact: Staff time/effort to prepare this Agenda Item. Reviewed by Administrative Services/ Finance Director: John DeLeo Date: 9/10/19 The CRA Registered Agent recommends that the CRA Board take the following action: Adopt Resolution No. CRA-07. Approved by CRA Registered Agent: JS on behalf of David L. Greene Date: 9/10/19 RESOLUTION NO. CRA-07 A RESOLUTION OF THE CITY OF CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY;ADOPTING A BUDGET FOR THE CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY FOR FISCAL YEAR 2019/20; 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 City of 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 CRA 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 City of Cape Canaveral Community Redevelopment Agency do hereby approve and adopt a budget attached hereto as Exhibit"A" for Fiscal Year 2019/20; beginning October 1, 2019 and ending September 30, 2020. 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-07 Page 1 of 2 Section 5. Effective Date. This Resolution shall become effective immediately upon adoption by the Board Members of the CRA. ADOPTED at a Regular Meeting of the Board Members of the CRA this 17th day of September, 2019. 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 the City of Cape Canaveral Community Redevelopment Agency only: Anthony A. Garganese,Attorney for the City of Cape Canaveral Community Redevelopment Agency City of Cape Canaveral Community Redevelopment Agency Resolution No. CRA-07 Page 2 of 2 Resolution No. CRA-07 Exhibit "A" The City of Cape Canaveral Community Redevelopment Agency The City of Cape Canaveral Community Redevelopment Agency(CRA) Plan was developed in FY 2012-13. The Projects in the Plan are funded with TIF revenues deposited in the Trust Fund to encourage development/redevelopment; financial incentives to developers; 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 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(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 Capital Initiatives-City Park Redevelopment $ 4,600,000 $ 500,000 CAPE Center 20,000 980,000 Mobility/Striping Project 65,000 115,000 Corner Improvements-Redesign of Presidential Streets - 64,000 W.Central/Thurm Blvd. Streetscape - 2,870,000 Drainage Polk/Orange Avenues - 249,500 North Atlantic Ave.Phase 3 120,000 - $ 4,805,000 $ 4,778,500 Debt Repayment Schedule Wastewater Loan$470K General Fund Note$6.2M Principal Interest Principal Interest 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-07 Exhibit "A" Budget Detail Cape Canaveral Community Redevelopment Agency Fund 106-Dept 016 2016-2017 2017-2018 2018-2019 2018-2019 2019-2020 Actual Actual Original Projected Adopted Inc/Dec Revenue 106-000-300-300100 Cash Forward - - 66,659 - 135,569 100% 106-000-334-334510 State Grant DEO 39,500 - - - - 0% 106-000-338-338000 Shared Revenue fr Cape Canaveral 210,305 370,034 468,799 468,799 574,578 23% 106-000-338-338001 Shared Revenue fr Brevard Cnty 265,198 285,555 468,799 468,799 574,578 23% 106-000-361-361100 Interest From Investment - - - 248 s -100% 106-000-361-361310 Net Increase(decrease)in FMV - - - - - 0% 106-000-381-381001 Transfer from General Fund 60,000 472,224 4,600,000 985,000 4,409,000 348% Total Revenue $ 575,003 $ 1,127,813 $ 5,604,257 $ 1,922,846 $ 5,693,725 196% Operating 106-016-559-310000 Legal Fees 110,711 1,838 3,000 1,500 3,060 104% 106-016-559-310001 Administrative/Professional Svcs 39,675 175 1,000 5,888 1,000 -83% 106-016-559-400000 Travel&Per Diem - - 704 - 704 100% 106-016-559-450000 Insurance 5,351 - 5,500 5,500 5,700 4% 106-016-559-520000 Operating Supplies - - - - - 0% 106-016-559-540000 Membership&Training 495 495 1,095 1,240 1,095 -12% Total Operating 156,232 2,508 11,299 14,128 11,559 -18% Capital Outlay 106-016-559-630000 Grant Programs - - 50,000 - - 0% 106-016-559-630001 Capital Initiatives 191,820 61,142 4,620,000 1,065,000 1,480,000 39% 106-016-559-630002 Mobility/Striping Project - - 65,000 - 115,000 100% 106-016-559-630003 Oak Lane Design - - - - . 0% 106-016-559-630004 North Atlantic Ave.Phase 3 - - 120,000 89,720 - -100% 106-016-559-630005 Corner Improvements - - - - 64,000 100% 106-016-559-630006 W.CentralThurm Blvd.Streetscape - - - - 2,870,000 100% 106-016-559-630007 Drainage Polk/Orange Ave. - - - - 249,500 100% Total Capital Outlay 191,820 61,142 4,855,000 1,154,720 4,778,500 314% Debt Service 106-016-559-710000 Debt Service-Principal 125,630 556,462 621,682 621,682 634,596 2% 106-016-559-720000 Debt Service-Interest 10,051 132,741 116,276 116,276 103,431 -11% Total Debt Service 135,681 689,203 737,958 737,958 738,027 0% Other Expenses 106-016-581-910001 Transfer to General Fund - 495 - - - 0% 106-016-581-910401 Transfer to Wastewater Fund - - - - ril 0% Total Other Expenses - 495 - - ,4 1 0% Contingency 106-016-559-990000 Contingency 91,271 - - - 165,639 100% Total Contingency 91,271 - - - 165,639 100% Total Community Redevelopment Agency Fund Budget $ 575,003 $ 753,348 $ 5,604,257 $ 1,906,805 $ 5,693,725 199%