HomeMy WebLinkAboutcocc_resolution_no_cra-11_20230920RESOLUTION NO. CRA-11
A RESOLUTION OF THE CITY OF CAPE CANAVERAL COMMUNITY
REDEVELOPMENT AGENCY; ADOPTING A BUDGET FOR THE
CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY
FOR FISCAL YEAR 2023/24; 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 2023/24; beginning October 1, 2023 and ending September 30, 2024.
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resolutions in conflict herewith are hereby repealed to the extent of the conflict.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-11
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 20th day of
September, 2023.
ATTEST:
Mia Goforth,
CRA Clerk/Recording Secretary
Approved as to legal form and sufficiency for
the City of Cape Canaveral Community
Redevelopment Agency only:
Arfthony A. Garganese, Attorney for the
City of Cape Canaveral Community
Redevelopment Agency
•
Wes Morrison, Chairperson
Name For Against
Kim Davis Matinn
nn
Mickie Kellum
Wes Morrison _
Angela Raymond s c and
Don Willis _x__
City of Cape Canaveral
Community Redevelopment Agency
Resolution No. CRA-11
Page 2of2
Resolution No. CRA-11
Budget Detail Exhibit "A"
Cape Canaveral Community Redevelopment Agency
Fund 106-Dept 016
2020-2021 2021-2022 2022-2023 2022-2023 2023-2024 %
Actual Actual Original Amended Ado ted Inc/Dec
Revenue
106-000-000-338000 Shared Revenue-Cape Canaveral 776,406 943,062 1,099,809 1,099,809 1,409,462 28%
106-000-000-338001 Shared Revenue-Brevard County 789,895 943,062 1,099,809 1,099,809 1,217,800 11%
106-000-000-361100 Interest From Investment - 117 288 288 2,500 768%
106-000-000-381001 Transfer from General Fund 4,750,673 3,141,595 250,000 250,000 150,000 -40%
106-000-000-381001 Transfer from Stormwater - 65,000 - - - 0%
Total Revenue $ 6,316,974 $ 5,092,836 $ 2,449,906 $ 2,449,906 $ 2,779,762 13%
Operating
106-016-559-531000 Legal Fees 756 1,209 3,200 3,200 3,200 0%
106-016-559-533000 Professional Services - 210 1,000 1,000 .152,000 15100%
106-016-559-540000 Travel&Per Diem - - 704 704 920 31%
106-016-559-545000 Insurance - - 0 0 - 0%
106-016-559-554000 Membership&Training 870 - _ 1,095 1,095 1,095 0%
Total Operating 1,626 1,419 5,999 5,999 157,215 2521%
Capital Outlay
106-016-559-563000 Grant Programs 10,000 18,744 50,000 50,000 50,000 0%
106-016-559-563001 Capital Initiatives 3,755,135 4,813,681 912,000 - 0%
106-016-559-563002 Mobility/Striping/Sidewalk - - 80,000 80,000 - -100%
106-016-559-563006 W.Central/Thurm Blvd.Streetscape 1,714,132 - - - 0%
106-016-559-563008 Presidential Streets - - 190,312 190,312 300,000 58%
106-016-559-563009 C5 Construction/Resiliency Upgrades 90,000 100%
106-016-559-563226 Canaveral City Park Upgrade 200,000 75,000 -63%
106-016-559-563228 Civic Hub Redevelopment 250,000 150,000 -40%
106-016-559-563228 Cape Center 462,000 13,000 -97%
106-016-559-563231 Bike Lane Striping 50,000 100%
Total Capital Outlay 5,479,267 4,832,425 1,232,312 1,232,312 728,000 -41%
Debt Service
106-016-559-571000 Debt Service-Principal 628,325 729,000 787,448 787,448 802,436 2%
106-016-559-572000 Debt Service-Interest 90,323 91,032 79,822 79,822 64,060 -20%
Total Debt Service 718,648 820,032 867,270 867,270 866,496 0%
Other Expenses
106-016-581-591001 Transfer to General Fund - - - - 300,000
Total Other Expenses - - - - 300,000 100%
Contingency
106-016-559-599000 Contingency - - 344,325 344,325 728,051 111%
Total Contingency - - 344,325 344,325 728,051 i 111%
Total Community Redevelopment Agency Fund Budget $ 6,199,541 $ 5,653,876 $ 2,449,906 $ 2,449,906 ;$ 2,779,762 1 13%