HomeMy WebLinkAboutcocc_resolution_no_cra-12_20240917RESOLUTION NO. CRA-12
A RESOLUTION OF THE CITY OF CAPE CANAVERAL COMMUNITY
REDEVELOPMENT AGENCY; ADOPTING A BUDGET FOR THE
CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY
FOR FISCAL YEAR 2024/25; 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 2024/25; beginning October 1, 2024 and ending September 30, 2025.
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resolutions in conflict herewith are hereby repealed to the extent of the conflict.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 bedeemed 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-12
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, 2024.
Wes Morrison, Chairperson
ATTEST:
Mia Goforth,
CRA Clerk/Recording Secretary
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
Wes Morrison, Chairperson
Name For Against
Kim Davis Second
Kay Jackson x
Mickie Kellum x
Wes Morrison x
Don Willis Motion
City of Cape Canaveral
Community Redevelopment Agency
Resolution No. CRA-12
Page 2 of 2
Resolution No. CRA-12 Exhibit "A"
Budget Detail
Cape Canaveral Community Redevelopment Agency
Fund 106-Dept 016
2021-2022 2022-2023 2023-2024 2023-2024 2024-2025 %
Actual Actual Original Amended Adopted Inc/Dec
Revenue
106-000-000-300100 Cash Forward - - - 500,0001 100%
106-000-000-338000 Shared Revenue-Cape Canaveral 943,062 1,099,809 1,383,417 1,383,417 1,489,627 16%
106-000-000-338001 Shared Revenue-Brevard County 943,062 1,058,562 1,217,800 1,217,800 1,360,216 12%
106-000-000-342102 EV Charging - - - - 0%
106-000-000-361100 Interest from Investment 117 3,917 2,500 2,500 8,000 220%
106-000-000-381001 Transfer in from General Fund 3,141,595 141,958 150,000 150,000 500,000 233%
106-000-000-382100 Transfer in from Stormwater 65,000 - - - - 0%
Total Revenue $ 5,092,836 $ 2,304,246 $ 2,753,717 $ 2,753,717 $ 3,857,843; 40%
Operating
106-016-559-531000 Legal Fees 1,209 1,307 3,200 3,200 3,200 0%
106-016-559-533000 Professional Services 210 - 152,000 152,000 400,000 163%
106-016-559-531001 Administrative Fees 175 - - 0%
106-016-559-540000 Travel & Per Diem - - 920 920 920 0%
106-016-559-554000 Membership & Training - 870 1,095 1,095 1,095 0%
Total Operating $ 1,419 $ 2,352 $ 157,215 $ 157,215 $ 405,215 158%
Capital Outlay +
106-016-559-563000 Grant Programs 18,744 - 50,000 50,000 50,000 0%
106-016-559-563001 Capital Initiatives 4,813,681 123,688 - - 16,000 100%
106-016-559-563002 Mobility/Striping/Sidewalk - 116,071 - - -1 0%
106-016-559-563003 Oak Lane Improvements - - - - 550,000 100%
106-016-559-563008 Presidential Streets 36,225 300,000 300,000 1,250,000 317%
106-016-559-563009 C5 Construction/Resiliency Upgrades - 69,027 90,000 90,000 -3 -100%
106-016-559-563010 Nancy Hanson Rec Center Maint. - - 100,000 100%
106-016-559-563226 Canaveral City Park Upgrade - - 75,000 75,000 12,000 -84%
106-016-559-563227 Civic Hub Redevelopment - 64,665 150,000 150,000 - -100%
106-016-559-563228 Cape Center - 251,019 13,000 13,000 - -100%
106-016-559-563231 Bike Lane Striping - - 50,000 50,000 - -100%
106-016-559-563248 Canaveral City Park Concession Stand - - 315,000 100%
Total Capital Outlay 4,832,425 660,695 728,000 728,000 2,293,000 215%
Debt Service
106-016-559-571000 Debt Service-Principal 729,000 738,000 802,436 802,436 811,047 1%
106-016-559-572000 Debt Service-Interest 91,032 79,822 64,060 64,060 47,099 -26%
Total Debt Service 820,032 817,822 866,496 866,496 858,146 -1%
Other Expenses
106-016-581-591001 Transfer to General Fund 610,570 300,000 - - 0%
Total Other Expenses - 610,570 300,000 - - 0%
Contingency
106-016-559-599000 Contingency - - 702,006 1,002,006 301,4821 -75%
Total Contingency - - 702,006 1,002,006 301,482 1 -70%
Total Community Redevelopment Agency Fund Budget $ 5,653,876 $ 2,091,438 $ 2,753,717 $ 2,753,717 $ 3,857,843 40%
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