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11-09-99 Workshop CITY COMMISSION CITY OF DELRAY BEACH, FLORIDA WORKSHOP MEETING - NOVEMBER 9, 1999 6:00 P.M. - FIRST FLOOR CONFERENCE ROOM The City will furnish appropriate auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program or activity conducted by the City. Contact Doug Randolph at 243-7127 (voice) or 243-7199 C[DD), 24 hours prior to the program or activity in order for the City to reasonably accommodate your request. Adaptive listening devices are available for meetings in the Commission Chambers. A 6ENDA (1) Palm Beach County Sports Commission presentation on North American Corporate Games, Palm Beach County, FL - October 26-29, 2000 (2) Joint work session with the Community Redevelopment Agency · CRA Five-Year Budget · CRA FY 2000 Budget · FY 2000 Work Program · Summary of Redevelopment Projects on West Adantic Avenue · Improving communication with community 0) Commission comments. Please be advised that if a person decides to appeal any decision made by the City Commission with respect to any matter considered at this meeting, such person will need to ensure that a verbatim record includes the testimony and evidence upon which the appeal is based. The City neither provides nor prepares such record. MEMORANDUM TO: DAVID T. HARDEN, CITY MANAGER FROM: ALISON M. HARTY, CITY CLERK SUBJECT: RECAP OF 11/9/99 WORKSHOP MEETING DATE: NOVEMBER 10, 1999 1. Palm Beach County Sports Commission presentation on North American Corporate Games. Consensus: Great opportunity to sell/showcase Palm Beach County and Delray Beach as south county hub. Agreed to support financially along with in-kind services, with $10,000 as cash contribution. Ms. Gerig commented that they would be looking at the events and what the community would have to do in terms of in-kind contributions and this would be prorated on a community by community basis. 2. Joint work session with the Community Redevelopment Agency. Comments from the City Commission after the presentation: Chris Brown commented that the estimated cost of the study is $60K; the CRA has $20,000 budgeted while the City has $10,000 set aside. Chris mentioned he had spoken with City Manager about the possibility of the City coming up with another $10,000 to bring the City's contribution to $20,000 and felt this could probably be done, possibly at mid-year budget adjustment. However, that leaves another $20,000. Mr. Schmidt felt that it is very important that we all work together to find the funding for the study and do it as soon as possible. He got a lot of comments as a result of the Block 77 project (not from business people, from residents) that we really need to take a good hard look at what we want downtown as far as future development and land use patterns, things like that. Essential that the study gets done ASAP. · Mr. Randolph commented on the mid-West Atlantic Avenue area (generally from 6th/7th Avenues out to 1-95, what is planned for that area, and need for the CRA to purchase properties in this area to aggregate land for investment purposes. Chris responded that the CRA Board will have to make decisions about how to approach this area. No commitment has been made as to what the CRA is going to buy. They have $2 Million for land acquisition. · Mr. Schmidt commented that he did not see any money allocated in the 5 Year Plan for North Federal residential improvements and enhancements although it is in the plan. He feels the homeowners in this area are becoming more active and may mobilize much like the Seacrest neighborhood, and suggested the CRA take a look at this area in their long range planning. With respect to the CRA improving communication with the citizens, Mr. Schmidt commented that he gets a lot of feedback ... "not from the usual suspects, that the CRA is a 900 lb. Gorilla run amok in Delray Beach", and that there is no accountability to the citizens. He felt the CRA needs to work very hard at pubhc relations with the citizens in this town because there is a feeling that the CRA thinks it is autonomous and does not have to answer to the citizens. (3) Commission comments. Mrs. Archer commented that in looking over the information on the Softbook and the potential of beginning to use it hopefully after the l~t of the year, the thing that concerns her is that the City is not in a position yet to have a City of Dekay Beach web page that would incorporate all of the departments. She feels this is a very important aspect of the City's development and image, and suggested looking into the possibility of getting an outside company to come in and set up a unified web page, combining all of the City departments, so that we could then maintain it from then on. It was the Commission's consensus that this would be a good idea. The meeting was adjourned at 7:40 p.m. If you need any additional information, please let me know. AMH/m Delray Beach CRA Five Year Budget Projected Revenues (FY 2000-FY 2004) ($) 471,000~ 246,1 3,505,759 10,025,089 4,583,313 I· Tax Increment Funds · Sale of Land [] Grants & Reimbursements [] Property Revenue · Interest Income Delray Beach CRA Tax Increment Revenue (FY 1999 and FY 2000) $1,800,000 $1,600,OOO $1,400,000 $1,200,000 $1,000,000 · FY 1999 · FY 2000 $800,000 (Estimate) $600,000 $400,0O0 $200,000 City County Total Net Tax Receipts for County and CRA Funded by County (Based on CRA District) $1,400,000 $1,200,000 ' $800,000 ,600,000 FY 1999 FY 2000 (Estimate) Net Tax Receipts for City and CRA Funded by City (Based on CRA District) $2,000,000 $1,800,OO0 $1,600,000 $1,400,000 $1,200,000 B City $1,000,000 I CRA $800,000 $600,000 $400,000 $200,000 $0 ~ FY 1999 FY 2000 (Estimate) Net Tax Receipts for City of Delray Beach, Palm Beach County and Delray Beach CRA (Based on CRA District) $3,50O,OOO - $3,000,000 , $2,500,000 $2,000,000 [] FY 1999 m FY 2000 $1,500,000 (Estimate) $1,000,000 $500,000 $0 T City and County CRA Delray Beach CRA Five Year Budget Projected Expenditures (FY 2000 - FY 2004) $16,000,000.00 - $14,000,000.00 $12,000,000.00 $10,000,000.00 $8,000,000.00 $6,000,000.00 $4,000,000.00 $2,000,000.00 $0.00 ~ ~ Delray Beach CRA Five Year Budget Projected Expenditures on Projects (FY 2000- FY 2004) $12,000,000. O0 $10,000,000.00 $8,000,000.00 $6,000,000.00 $4,000,000.00 $2,000,000.00 NORTH AMERICAN CORPORA TE GAMES Palm Beach County, FL OCTOBER 26-29,2000 CONTENTS 1) Corporate Games Fact Sheet 2) Proposed Venue Map 3) Specific sport information and venue requirements · Tennis · Indoor Volleyball · 3-on-3 Basketball · Games Party - Specifics to be discussed 4) Business Plan 5) List of all World Trade Centers throughout North America 6) Partial list of Corporate Games Host Cities and Regions O:/SC/EVENTS/CORPORATE GAMESIAGENDACOVE R-DE LRAY. QXD 1113/99 tlIOR TH A MERICA tll £O/tPORA TE GA/V/ES Producc~l by the World lrade Center Palm Beach and the Palm Beach County Sports Commission Palm Beach County, Florida OCTOBER 26-29, 2000 FACT SHEET EVENT: Earth American Corporate Gamee DATES: October 26 - 29, 2000 WHAT IS THE "CORPORATE GAMES?" 1. Its concept has been successful throughout the world for the past 12 years. 2. It provides all kinds of organizations with a chance to compete in an organized 3-day sports festival. 3. It usually includes 15 to 20 different sports ranging from team competitions like dragon-boat racing and softball to individual sports like golf and running. 4. It allows athletes to compete for themselves and as representatives of their organization. 5. It has no barriers to participation: · Everyone regardless of age, gender, nationality, or ability is welcome. . Participants may be full or part time employees of their organization. Furthermore, the Games does not even require the competitors to be employees of the organization that they will represent. . Participants range from Chief Executive Officers to the most junior-level workers. · Any number of employees may represent an organization. · Any number of organizations may enter the Games. 6. The Games presents a multitude of individual and team medals, usually based on age groups, for every event within each sport. The Games also awards overall team trophies for each sport and corporate division. 7. It provides excellent opportunities for business networking or departmental interaction. 8. Its social activities include Opening & Closing Celebrations, a Games Party, and a Business Enterprise event. O:/SC/EVENTS/CORPORATEGAMES/FACTSHTLAYOUT, QXD 11/2/99 NORTH AIVIEI:IICAN COI:IPOI:IATE GAMES Proposed Venue Map NORTH HUB Bowling Jupiter Lanes 2 Goff PGA National 3 Softball Jupiter Communily Park 4 Soccer Jupiter Community Park 5 Beach Volleyball Singer Island 6 Triathlon MacArlhur Park CENT~L HUB PALH BEACH cOePening & Closing ~N~E~T~ONAL remonies AIRPORT M_e~e, rAmphitheatre, WPB ~m ~.~, um ~. 2 Cricket John Prince Park ~. ~EACH 3 Dragon Boat Racing & Saihng Regatta Intercoastal - Flagler Drive 4 5K & 10K Race Flagler Drive 5 Mountain Biking Dyer Park 6 Badminton Palm Beach Atlantic College 7 Marathon John Prince Park 8 Registration, Table Tennis, Billiards, & Chess International Pavilion SOUTH HUB Tennis Delray Tennis Center 2 Volleyball Delray Beach - TBD 3 Three on Three Basketball Delray Beach - TBD 4 Games Party Jazz on the Atlantic Ave. 5 Five on Five Basketball Boca Raton - TBD 6 Go-Karting Boomers WEST HUB Rugby Okeeheelee Park 2 Kayak Okeeheelee Park 3 Racquetball Wellin~on Club 4 Fishing Lake Okeechobee 11/2/99 £ORPORA TE GA ~VIES Produced by the World Trade Center Palm Beach and the Palm Beach County Sports Commission Palm Beach County, Florida OCTOBER 26-29, 2000 TENNIS Tentative Dates: October 27-29, 2000 Participants: TBD Event Format: * The competition will include pool play followed by an elimination tournament. * Unless otherwise stipulated pool matches are 10 games up. * At 9-9 a standard tie-break is played. * Medal matches are best of 3 standard tie break sets. Facility Needs' * Exclusive use of all of the tennis courts needed at the scheduled competition times. * A temporary and covered registration and check-in area. Uniform and Equipment: * Competitors must provide their own rackets and related gear. * Competitors should wear predominantly white tennis clothing. * Match balls are supplied. O:/SC/EVENTS/CORPORATEGAMES/EVENTFCTSHTS/TENNIS,QXD 11/3/99 tVORTHAMERICAtV CORPORA TE GAMES Produced by the World Trade Center Palm Beach and the Palm Beach County Spods Commission Palm Beach County, Florida OCTOBER 26-29, 2000 INDOOR VOLLEYBALL Tentative Dates: October 28 & 29, 2000 art,,Jlpan,~,.TBD Event Format: * The competition includes pool play followed by an elimination tournament. * Each match played with service point is a minimum of two 12 minute halves with a 1 minute changeover. * Elimination matches tied at the end of regulation will play an extra 5 points for overtime. * Mixed teams must have no more than 3 players of each sex on the court. Facility Needs: * Well-maintained indoor volleyball courts. * A temporary registration and check-in area. Uniform and Equipment: * Team members must wear matching numbered shirts. * Game balls will be provided. Practice balls will not. O:/SC/EVENTS/CORPORATEGAMES/EVENTFCTSHTSNOLLEYBALL.QXD 1113/99 £ORPORA TE GA MES Produced by the World Trade Center Palm Beach and the Palm Beach County Sports Commission Palm Beach County, Florida OCTOBER 26-29, 2000 3-ON-3 BASKETBALL Tentative Dates: October 28 & 29, 2000 Participants: TBD Event Format: * The competition includes pool play followed by an elimination tournament. * Each game is a minimum of 12 minutes with a continuous clock. * Elimination matches tied at the end of regulation will shoot sudden-death free throws (1 by each team member) to decide the winner. * Games are played on half court into 1 basket. * Clock will only be stopped for each team's two 30 second time-outs or injuries. Facility Needs: * Exclusive use of well-maintained half basketball courts during the scheduled competition times. * A temporary and covered registration and check-in area. Uniform and Equipment: * Team members must wear matching numbered shirts. * In the event of a color clash of shirts, the second named team shall change. * Game balls will be provided. Practice balls will not. Point oysten,: * 2 points per basket for in-field play. 1 point for free throws. No three pointers. O:/SC/EVENTS/CORPORATEGAMES/EVENTFCTSH T/3ON3BASKETBALL.QXD 11/4/99 IVORTHAMERICAIV CORPORA TE GAMES Produced by the World Trade Center Palm Beach and the Palm Beach County Sports Commission Palm Beach County, Florida OCTOBER 26-29, 2000 BUSINESS PLAN First Year 1. Focus on recruiting in the U.S.A. Canada, and Mexico . Staff hired to recruit participants 2. Marketing efforts will be local · Staff hired to recruit sponsors 3. Develop a strong foundation to build into the future 4. Create partnerships to promote the Games outside of the state · Work with 72 World Trade Centers throughout the North American region Second Year 1. Create a strong worldwide presence . Recruit and market heavily worldwide . Develop the Games into a truly international event BENEFITS 1. Host an annual event that will encompass all of Palm Beach County 2. Create new business opportunities for communities within Palm Beach County · Bring the corporate world to the county . Enhance the county's visibility worldwide 3. Increase bed tax revenues by placing more "heads in beds" 4. Create a strong economic impact for other businesses in the county PARTNERSHIPS 1. Partner with communities to host the sports and parties of the Corporate Games · Financial assistance . Assistance with venues · Assistance with operational needs depending on the sport (i.e. manpower, equipment, and volunteers) · Assistance in creating the Opening & Closing Ceremonies and the Games Party · Assistance from the Chambers in marketing the event O:/SC/EVENTS/CORPORATEGAMES,~USPLAN.QXD 11/3/99 NOR TH AMERICA N CORPORA TE GAMES Produced by the World Trade Center Palm Beach and the Pairn Beach County Sports Commission Palm Beach County, Florida OCTOBER 26-29, 2000 The North American region contains 72 World Trade Centers. They are the following: WTC Monterrey WTC Aguascalientes W'I'C Montreal w'rc Anchorage W'TC New Orleans WTC Atlanta W'1'C New York w'rc Baja California Greater Tiiuana WTC Norfolk WTC Baltimore WTC Orange County Irvine W'I'C Boston W'1'C Orlando WI'C Bridgeport WTC Ottawa WTC Buffalo AF WTC Oxnard WTC Charleston W'I'C Palm Beach WI'C Chattanooga WTC Philadelphia WTC Chicago WTC Pittsburgh WTC Cleveland WTC Porttand WTC Dallas Ft Worth WTC Providence WTC Denver WTC Puebia WTC Detroit WTC Raleigh Durham WI'C Edmonton WTC Sacramento W'1'C El Paso Juarez WTC San Antonio WTC Fort Lauderdale WTC San Diego W'I'C Greenville Spartanburg WTC San Frandsco W1'C Guadala)ara WTC Schenectady WTC Halifax WTC Seattle WTC Honolulu WTC Sioux Falls W']'C Houston WTC St Louis WTC Hudson Valley WTC St Paul WTC Indianapolis WTC Tabasco w'rc Jacksonville WTC Tacoma WTC Kansas City WTC Tampa Bay WTC Las Vegas WTC Toronto WTC Lexington WTC Vancouver WTC Long Beach WTC Veracruz WTC Los Angeles WTC Washington WTC Mr. Alien WTC Washington Dulles Airport WTC Memphis W'I'C Wichita WTC Mexico City WTC Wilmington DE WTC Miami WTC Milwaukee WTC Missoula tVOR TIY A MERICA IV CORPORA TE GAMES Produced by the World Trade Center Palm Beach and the Palm Beach County Sporks Commission ~alm Beach County, Florida O¢IOB[R 2~-20, 2000 HOST CITIES AND REGIONS The following are some of the cities or regions that hosted a World or Regional Corporate Games: Lille, France London, England Malaysia Johannesburg, South Africa Geneva, Switzerland Stuttgart, Germany Aruba The Hague, Netherlands Sarajevo, Yugoslavia Seefeld, Austria Gastein, Austria Montevideo, Uruguay Milton Keynes, England Peterborough, England Aberdeen, Scotland Belfast, Ireland Bracknell, England Limerick, Ireland Sydney, Australia Thredbo, Australia Melbourne, Australia CHARITIES In addition, the many Corporate Games events have helped to raise hundreds of thousands of dollars for many charities which fund cancer research, the disabilities, autism treatment and research, medical equipment, the ecology, and disabled sports. The Games supports the work of agencies such as the International Red Cross and UNICEE O:/SC.~VE NTS/CORPORATEGAMES/H OSTCITIES.QXD 11/3/99 NORTH AMERICAN CORPORATE GAMES Palm Beach County, FL OGO~E~ 2000 AGENDA ,_.-'] 1 ) Corporate Games general information - (Fact Sheet] _] 2) Proposed facilities map _.~ 3] Specific event information and facility needs · Tennis · Beach Volleyball · ~on-~ Basketball · Games Party - Specifics to be discussed NORTH AMERICAN CORPORATE GAMES Palm Beach County, FL OCTOBER 2000 FACT SHEET EVENT: 2000 Coq~orate Games DATES: October 25 - 29, 2000 WHAT ARE THE CORPORATE 8AMEB: I. They were founded in 1988 in Europe. 2, They provide all companies with a chance to compete in an organized 3 day sports festival. 3. They usually include over 3,000 participants competing in about 20 different events. 4. They allow athletes to compete both for their organization and for themselves. 5. They have no barriers to participation: · They are open to everyone - male or female. · A participant may be a full or part time employee of a corporation. In addition, the Games do not even require a competitor to be an employee of the organization that he or she will represent. · Competitors usually range from Chief Executive Officers to the most junior workers. · Any number of employees may represent an organization. · Any number of companies may enter the games. 6. They issue many different types of awards based on divisions such as age or the number of total athletes from an organization. 7. They provide excellent opportunities for substantial business to business contact and interaction, 8, Their social activities include an Opening & a Closing Ceremonies and a Games Party. PROJECTED # OF PARTICIPANTS: 3,500 PROJECTED # OF ROOM NIGHTS: 4,000 PROJECTED ECONOMIC IMPACT: $7 Million 0:/SCtEVENTS/CORPO RATE GAMES/BULLETFACTSHEET2. D0C NORTH AMERICAN CORPORATE GAMES Palm Beach County, FL OCTOBER 2000 FACT SHEET EVENT: 2000 Corporate Games DATE5: October 25 - 29, 2000 WHAT ARE THE CORPORATE OAME5: I. They were founded in 1988 in Europe. 2. They provide all companies with a chance to compete in an organized 3 day sports festival. 3. They usually include over 3,000 participants competing in about 20 different events. 4. They allow athletes to compete both for their organization and for themselves. 5. They have no barriers to participation: · They are open to everyone - male or female. · A participant may be a full or part time employee of a corporation. In addition, the Games do not even require a competitor to be an employee of the organization that he or she will represent. · Competitors usually range from Chief Executive Officers to the most junior workers. · Any number of employees may represent an organization. · Any number of companies may enter the games. 6. They issue many different types of awards based on divisbns such as age or the number of total athletes from an organization. 7. They provide excellent opportunities for substantial business to business contact and interaction. 8. Their social activities include an Opening & a Closing Ceremonies and a Games Party. PROJECTED # OF PARTICIPANTS: 3,500 PROJECTED # OF ROOM NIGHTS: 4,000 PROJECTED ECONOMIC IMPACT: $7 Million O:/SC/EVENTS/CORPORATE GAMES/~ULLETFACTSHEET2. DOC 2000 CORPORATE GAMES Proposed Facilities Map NORTH HUB Bowling Jupiter Lanes 2 Golf PGA National/Ballenlsle 3 Softball Jupiter Community Park 4 Soccer Jupiter Community Park Beach Volleyball Singer Island Triathlon MacArthur Park CENTRAL HUB PALM BEACH Opening .& Closing INTERNATIONAL Ceremonies Meyer Amphitheatre, WPB Cricket John Prince Park ~c~o~. ~EACH Dragon Boat Racing & Sailing Regatta 5K & 10K Race Flagler Drive Mountain Biking Dyer Park Badminton PBAC/PBCC Marathon John Prince Park Registration, Table Tennis, Billiards, & Chess International Pavilion SOUTH HUB Tennis Delray Tennis Center/Patch Reef Park Beach Volleyball Delray Beach Three on Three Basketball Delray Beach - TBD Games Party Jazz on the Atlantic Ave. Five on Five Basketball Boca Raton - TBD Go-Karfing Boomers WEST HUB Rugby Okeeheelee Park Kayak Okeeheelee Park Racquetball Wellington Club Fishing Lake Okeechobee NORTH AMERICAN CORPORATE GAMES Palm Beach County, FL OCTO~E~ 2000 TENNIS Tentative Dates: October 27-29, 2000 # Participants: TBD Event Format: * The competition will include pool play followed by an elimination tournament. * Unless otherwise stipulated pool matches are I0 games up. * At 9-9 a standard tie-break is played. * Medal matches are best of 3 standard tie break sets. Facility Needs: * Exclusive use of all of the tennis courts needed at the scheduled competition times. * A temporary and covered registration and check-in area. Uniform and Equipment: * Competitors must provide their own rackets and related gear. * Competitors should wear predominantly white tennis clothing. * Match balls are supplied. NORTH AMERICAN CORPORATE GAMES Palm Beach County, FL OCTOBER 2000 BEACH VOLLEYBALL Tentative Dates: October 28 & 29, 2000 # Participants: TBD (at two sites depending on number of entrants) Event Format: * The competition includes pool play followed by an elimination tournament. * Each match played with service point is a minimum of two 12 minute halves with a I minute changeover. * Elimination matches tied at the end of regulation will play an extra 5 points for overtime. * Mixed teams must have no more than 3 players of each sex on the court. Facility Needs: * Well-maintained beach volleyball courts. * A temporary and covered registration and check-in area. Uniform and Equipment: * Team members must wear matching numbered shirts. * Game balls will be provided. Practice balls will not. NORTH AMERICAN CORPORATE GAMES Palm Beach County, FL O(TOB£g ~000 3-0N-3 BASKETBALL Tentative Dates: October 28 & 29, 2000 # Participants: TBD Event Format: * The competition includes pool play followed by an elimination tournament. * Each game is a minimum of 12 minutes with a continuous clock. * Elimination matches tied at the end of regulation will shoot sudden-death free throws (I by each team member) to decide the winner. * Games are played on half court into I basket. * Clock will only be stopped for each team's two 30 second time-outs or injuries. Facility Needs: * Exclusive use of well-maintained half basketball courts during the scheduled competition times. * A temporary and covered registration and check-in area. Uniform and Equipment: * Team members must wear matching numbered shins. * In the event of a color dash of shirts, the second named team shall change. * Game balls will be provided. Practice balls will not. Point System: * 2 points per basket for in-field play. I point for free throws. No three pointers. Community Redevelopment Agency Delray Beach If any person decides to appeal any decision made by the Board with respect to any matter considered at this meeting, he will need a record of the proceedings, and that, for such purpose, he 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. JOINT WORKSHOP COMMUNITY REDEVELOPMENT AGENCY & CITY OF DELRAY BEACH Tuesday, November 9, 1999, 6:00 p.m. 1st Floor Conference Room, City Hall Delray Beach, FL 1. Call to Order 2. Approval of Agenda New Business: 3. CRA Five-Year Budget 4. CRA Budget - Fiscal Year 1999-2000 5. 1999-2000 Work Program 6. Summary of Redevelopment Projects on West Atlantic Avenue Other Business: 6. Comments by Commissioners 7. Comments by Board Attorney 8. Comments by Executive Director 9. Comments by Staff 24 N. Swinton Avenue, Delray Beach, FL 33444 (561) 276-8640 / Fax (561) 276-8558 Community Redevelopment l~~ll~ Agency Delray Beach DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY FIVE YEAR BUDGET PROJECTIONS FY 2000 THROUGH FY 2004 September 23, 1999 Prepared by Christine Caron 24 N. Swinton Avenue, Delra¥ Beach, FL 33444 (561) 276-8640 / Fax (561) 276-8558 DEL.qAY BEACH COMMJNITY REI~[V~.i~I~'T AGENCY FIVE-YEAR BUDGET PROJECTIONS THROUGH FY 2064 i TOTAL AS OF SEPTEmbER 23, 1999 FY 1999! FY 2CXX) FY 2001 FY 2002 FY 2CX33 FY 2004 FIVE YEAR SOURCE OF FUNDS Tax ~ncrernent Funds C.~ 855,571 i 1,013,355 1.105,258 1,200,377 1.298,820 1,4~0,721 6,018,537 County 569,555' 674,5~2 735,772 7<J9,094 864,631 932.462 4,006,552 ~: T]Fs I 1,425.126 1,6~7.947 1,841,030 , 1,{~9,471 2,163.457 2,333,183 10,Q25.0~9 Pe~ Urrtx~ t=taam: Reda~mlc~,~ ~3 0 f 3~2,392 ~ao,ooo 87,50o 175,000 0 ~ ~ 0 ! 75,cx)0 0 0 0 0 7~,~x30 we~t ~ A~mua R~ 14 30,0GO I 620.(X30 0 71~,GGO 250,0G0 7g2,140 2,377,140 Downtown I~ L.~ ~ 77 16 165,CXX) 0 0 0 0 1~,CX30 E~zc:X 60:. I..i~crk: Hcxr~ 4g,5307 12.281 200,0CX3 0 0 0 212,281 Sex,th County C<xxtlmcme 0 0 400.000 0 0 4(X).0~O Ncxth Faderal Z..Ighway 0 i 5O,000 0 0 0 85,GQ3 135,~X30 · ' ~ .... 0 Bank~ Ro~ 5 2.337 2.337 2,761 2.761 0 10,1~ We~t .4dl~ A,,~flu~ R~. G~ ~nd Other 14 237.500 3~,4~0 539,136 5~,(X)0 0 0 1,4~3,538 ~ ~ Grar~ and O~her 15 7,900 ~,700 7,2{~ 6.977 6,20O 6.20O 33277 Stra~ I~ Rdmbur~mm~ 7 68.eQ0 15O.000 0 0 0 0 150.0~0 Rnea~=~ ~ Gmn~ 56,250 a2.S00 ~5O 0 0 0 5O.75O Soum ~ ~__,~,_ oi 0 0 0 0 0 0 ~ 77 0i 10,000 0 0 0 0 8lock 5o: Pall~g 0 0 0 0 0 0 0 The Centa~ f= Ec=~ Dev. ek~.- Grm~ 14 0! 0 1,700,0m 0 0 0 Bloc~ 7~ Pl'king - In Lieu Parking Fe~ 17 25,(XX) 50,000 0 0 30,000 0 80,{3{30 PROCEEDS FROM BORROWING: TAX E)~]dPT 2 9.715,0~0 0 0 0 0 0 0 PROCEEDS FROM BORROWING: TAXABLE 2 2,105,CX3G 0 0 0 0 0 0 O~her Inco~ 1,400 1,400 1.400 1,400 1,4C0 1,4~0 7,1X30 TOTAL SOURGE OF I=t/NO~ 14,~,4~ ~,~,~4 4,~7~374 ~'J~171 Z,91~3~ ~J'~l~ 18~4 API:~JCATION OF FUND~ De~t Se~ce 8ond Deux S~ 2 617,146 832,348 8~4.675 889,900 1,0~9,645 1,061,375 4,717,943 Peyoff c~ i 1997 (A & B) 2 7,120,000 0 0 0 0 0 0 Operaling Reeerve 5O,000 0 0 0 0 0 0 Is.~a~ce Coat 42.000 0 0 0 0 0 O 7,829,146 832,348 8~4,675 88~.9{X) 1,020.645 1.091,375 4,717,943 8m~,ms Rmv S 0 0 0 0 0 0 * 0 Murictpd Tm Cenlm' 6 4g,S37 49,537 49,5;37 49,537 49,537 49,5O7 247',~ Jcinl V~lum 8 103,224 gE,13CO 98,750 1~e88 108,822 111.183 514,422 Aley/~lmel Imlx. 7 118.8130 255.000 0 110.1XX) 110.(130 35.000 SlO.IX]O PlneePlde Gnwe 9 120,338 845,019 27,5{X) 15,(X30 15,~30 15,0{30 917.519 Facade Pmgr~ 10 25,0(X) 5O. O00 0 0 0 0 5O,O00 Site D~ A~ance 15,(XX) 0 0 0 0 0 0 P~ch ~ Ram: Rede~lc~mmm 13 240.5O0 2QZ737 3X),IX30 1~.000 7,5C0 0 5O6.237 We~t A, tl~aic A, venue Packing 0 0 0 0 0 0 0 We~t Atlm~c Avenue Rede~el~ 14 1,247.819 2,8~7.901 2,919,432 1.0~.314 47'3.083 401,5O8 7.748,2~ DELRAY BEACH COIIIUNI'~' REDLm/EI.~I~I~WI' FlVE.YT=AR ~ ~~ ~ ~ ~ TOTAL ~ ~R~, 1~ ~1~ ~ ~1 ~ ~ ~ FI~ ~S B~ A~ ~ M~ ~: R~ 16 ~.~ ~.~ 0 0 0 0 ~.~ ~ ~: R~ 0 0 0 , 0 0 0 0 ~h ~ ~ ~ ~ 18 ~.~ ~.~ 0 0 0 0 ~.~ ~h F~ ~ ~ 5.~ 1~.~ 0 0 0 ~.~ ~.~ M~ ~ ~ 21 0 0 0 0 0 0 0 ~ ~ T~ ~ 0 0 0 0 0 0 0 ~~~ ~ 0 0 0 0 0 0 0 ~ ~ ~ ~ 0 0 ~ 2.~ 0 0 5,~ ~~ 0; 0 0 0 0 0 0 ~ ~ ~ Z~7.310 [~1.1~ 3.~ ~.141 1.~3 1.~.~ 14.1~.~1 Genera/& Saiades 238.000 251.7cJ0 264.380 277.599 291.479 305,053 1.391.301 BeheSts: Del, erred ~ 14.300 15.424 15,195 17.005 17.85~ 18.748 Confemnce,. Sen~r~m 2.500 2.625 2.756 2.894 3,039 3.191 14.5{~ Dues. Fee~ & Sub~ 1.7~0 1.785 1.838 1.894 1.951 2.008 9.477 Entettainmenl & Tra~l 7,500 7,5iX) 7,T25 7,957 8,195 8,441 38,819 Insu~. Health 9.200 12,074 12,677 13.311 13,977 14.676 65,715 Other 15,01~0 17.5(]0 18.375 19.294 20258 21.271 95,8~8 Maintenance & R.~ SeeuCay 5.715 6.000 5,3(]0 9,615 5,94~ 7.293 33,154 Office: Equllxtmll & Fum#um 5.000 5,000 5,{X]O 5.000 5.00O 5,00O 25.000 Ol~ce: ~ & Payroll Ser.~ 24 10.150 10.658 11.190 11.750 12.337 12.954 55,88~ C)¢~cec Houee~ & I:~ I.~ CAM 25 13.347 13.518 13,518 13.518 13.518 13.518 Ptof Fees: Aud#. Accmmiing 11.000 11.{X)0 11.5~0 12,128 12,734 13.371 60.782 Legal 15.000 17.400 18.270 19,184 20.143 21.150 96.146 Grants 5,000 5.0iX) 5.000 5.000 5,000 5.000 Other ~ng 5.000 5,(X~0 5,0;)0 5.000 5,000 5,000 25,(]~0 Training 1.000 1.000 1.000 1 .O00 1.000 1 .(XX) 5,000 Rem: Slemge Sl~ce 720 720 756 0 0 0 1.476 Re,~ Equipmenl 8.373 8.373 5,7~2 9.231 9,~83 10.177 40.2~ T~: I~ 19.040 20.143 21.150 22.208 23.318 24.484. 111.304 Tele~ & tJSalJe~ 10.000 10.000 10.500 11.0~5 11.b-/~ 12.155 55.258 ~ Gener~ & AdrNrf~lnA%~ 403.045 458.010 454.474 474.111 4~5,519 517.~1 2,400.1~ SUBTOTAL FUND SOURCE~ IN E)(CE~ OF AP~UcA'rN~I~ 3.1~'7.~J'E (3.050.142) (397.~42) (14.068) (166.39~) 710.2~ +/-Cash Balance. Be~ o1' Year L.ee~ ~ 5.291.898 2.241.755 1.843.914 1.829,845 1.663.455 PROJ. AT YE TOTAL OPERATING PLU~ BOND FUND~ 5.291.898 2.241.755 1.843.914 1.829.845 1.863.455 2.373.724 Le~ bond m~Ge~ (4.792.021 (801.987) 0 0 0 0 I 1~/01/08 lO,lTl. Si 14,091.83 24,718.2o 250 214.5] ~ 0S/01/99 10,272.S4 H,494.96 24,761.39 344 ilO.S7 4~,S3S.79 ~Q 12101/04 5,002.08 19,761.31 21 O&/OL/O! 4,4)&.?S 20,331.63 23 OilOi/Ot ),2$T.ts 21,311.23 2!2,$49.13 4ll.OQO.QQ DEI. RAY BEACH COMIIUNITY I~.DLrV~LOPMENT AGENCY NOTES TO BUDGET FY 11~9 FY 2~aO FY 2001 FY 20~2 FY 20~3 ACTUAL BUDGET ~ BUDGET 1. Tax Incremeftt Fur~$ a~e I=~sed o~ ~ following pre~imirm~ figures (cliscounted) Tay. a~le Value - Final Valuation 375.9~4,132 1 4~0.000.000 414,000,000 42fl,490,000 443,4aT,ltl0 459,009,200 CRA 19~5 Base Yea~ Taxable Value (245,631,067', (245A31,0~7) (245,~31,0~7) (245,831,0~7) (245A31,067) (2,15,~31 Tax Increment 130.333.0~ 154,3fl8,933 1~,3~,933 182,a,~,933 197,~,0~3 213,378,133 ~ 95% 123,816,412 146,~50,,la6 1~,g~0,4~ 173,715,g~8 I ~Z,~3,279 202,709~27 Millage ratel for the tax~g en~ie~: City 6.910 TIF$: 855,571 1,013,355 1,105~58 1,200,377 1~J8,82~ 1,400,721 County 4.~00 T]Fs: ~ ~74.~2 73~.772 79~.~94 ~4.~31 T~,l: t ,425,126 1,687,947 1,541,030 1,~,471 2,163,457 2.333,183 % klcreale: 18.44% 9.07% 8.$1% 820~ 7.85% YEAR VALUATR3N INCREASE I~ ~5,~.1~ 11~ 1~7 ~.~.~4 3.~ 1~ ~1~ Z14% 1~ 31~0~1~ 0.~% 1~ 31Z~ Z7~ 1~1 ~,~,~ 2.~ 1~ ~.~.~1 11.11% 1~ ~1,310~ ~.74% 1~ ~,2~,a10 2.~ 1 ~ 2~,~1 4.~% 2. ~ F[~ Y~ 1~, C~ ~ ~,7~,~ ~ ~ ~ ~ ~ ~ ~,01~ d ~ ~ S~ A~ NOTES TO BUDGET Co~tinued Page 11. Su~.sid[zed Loan Program: Program provk:Ms an inlm*ast su~:ly fo~ reaidentlM ar, d I~usiness/commercial pro~ imprmmme~l Ioatm. 12. Community Ac'dvi'des: Program inctudee ~x~l~ibul~l$ to nompro~t gro~os. 13. Peac~ Umbre~a Redev~lopmarA Project mck~ee purchase of prope~tie~ for re~e for private (levelopmem and plaru*mg and acqui~on 14. We~ Allart~,c Re<levelopment Pro~ect incit.des purchme ~ ~ for r~ale, for private clevetepme~ ami grams. ~ include Oevelopmef~ Rngleea. ISTEA, Beaulffui PMm Beacfle~ EDA a~l COBG. 15. Affordable Houling: The CRA cxmtributa/to I~i$ pfngram by purct~M~g le~ pmvMieg dire~ aubai~liee to home bu,/~ I~l pl~lcipall~ i~ ltte Re~a~f, sance prngrlm ~ ~e City o~ Oetrly ~elct~. 17. Block 76: Tr, e CRA acq~d pmpe~ee m al,~ 7~ for me cameuc~lm d a ,m~m~lpal pmtm~ Ira. The ageacy cemple~l a~ ~dltlonal re, ~pace~ la ~ Year 1999. The ageing' com.mplal~e an aedtloml 'w R~c~a I~ FY 20~0. lS. Seu~ C~r~ty C~: The CRA pmcha~e ~ on 81oc~ S3 f~r the furore .~pamk~ ~ the Cmxl~mme. WI~ ~e ~co~l amendmem to the agmeme~l, the CRA relM~ II~ c~mmerciai property lecal~l o~ W. AIII~Ic Avenue. $105,000, ~e Di~:ount Auto Ix~ling ~**~ purcfm~e In 1990 for $304.000 am:l Itte ;~nl~ Apts. pmp~ty was purC~aaed in 1~8~ for $161.000. 19. Neigl~o~nee~ Ptam~ng & Bea~call~m: _Pr,~,___ indude~l ~'e Del IDA Beau~lllellk~, Olceell. ~lc~el led W. S~II~I DtlMO. M Id~l#l~ In Selc~lt ~le CRA 21. I~ Parking Plate No activity planned In file next five fllcll ye~1. 22. Business Deve~)pment Unfue, ded program to encourage relailef~ to I(x:ate in b~e CRA dim~lct. 25. Omce: Hou~e~md~g CAM: Common area main~mnce cherg~ for Delrly Beacll Hill~tc Hmtt el F~'ope~/O~m~l AIIX:MIMn IM BIm:J[ ~ Pltdng CenlMIIIblla AIIoclllMtt. DELRAY BEACH COiIIIUNITY REDEVELOFllENT AGENCY NOTES TO BUDGET Page 7 FY 2OGO FY 2001 FY 20Q2 FY 2003 FY 2004 SCHEDULE A - PROPERTY ACCOIJNT BUDGET Ply I~ Rair~ 3,00O 3,000 75O 0 o Pmpelty Re'Ill I 45,736 21,462 5.526 0 0 K~_ _~, D~ Aul~ & TED Cir. 2 10,101 9,558 46,166 45,O16 46.366 1:~31~e~ty T~ R, MmI~ 4 3,161 0 0 0 0 I:~ng I.~ CAM Rei~ 0 0 0 0 0 SMM T~ RMntxI'M~MI 5 3.540 1.861 479 0 0 Intereet 140 140 140 0 0 TOTAL REVENUE8 M.6'/7 36.021 53.062 45.O16 46.366 PRCX:~cR'IY EXPENSES 6 ..k~'wniing 0 0 0 0 0 B,d OM~. C-dcam E3~.m~ 0 0 0 0 0 Ineur, r~e 8.(X30 8.240 ~.487 8.742 9.(304 I.e~l Feee 1.000 1.(300 1.(X30 . 1.0{30 1.0{30 Mainemince. ~ & TrMh 15.(~0 15.0130 15.(:X~ 15.(X30 T~: Pmpelty 8 16.5{30 11.(X]O 5.750 4.0{30 4.000 SMell 3.~40 1.861 479 0 0 ~ 7.(X]0 0 0 0 0 Pmtdng Lc~ Wd.n,nM 9 16.755 ~7.2~ ~7.775 18.3~3e TOTAL. EXPENSES 68.295 54.8~8 106.(388 104.848 108.888 TOTAL REVENUES IN EXCF.88 OF EXI~NSE~ (2J17) DELRAY BEACH COIIMUNrrY REDEVELO~IIENT AGENCY Plgl ~ NOTES TO BUDGET NOTE (1) - PROPERTY ACCOUNT REVENUES FY 20~0 FY 2001 FY 2002 FY 2003 FY 2004 FOOTNOTES BUDGET BUDGET BURET ~ ~ 1. Prope~y Ra~ffaJ is r~om the follo~ng, nc~ im::ludng Sale= Tam: a. ~ t. Jmbm~ Ranis 0 0 0 0 0 b. Oisoo~4 ~ ~ ~,440 ~ 17,~9 0 O 0 0 c. K~ikStop Stop ~ (2,344 a') 20,837 21,462 5,526 0 0 d. Westside ~ Sa3m 7,200 0 0 0 0 e. 3(X) W. ~ Ave. Bloc~ Al~s. 0 0 0 0 0 f. TED Cerlter Rii'iI 0 0 0 0 0 TOTAL ~ RENTAL. INCOME 4~,73~ 21,462 5,52~ 0 0 TOTAL ~ CAM REIMBURSEMENT 10,101 9.5~8 4~, 16~ 45,016 46.36~ 4. Pmpe~/Tax Reimbumeme~ is from t~e follmdng: '._D~_ _ _,ql. Aulo ~ 3,1Sl 0 0 0 0 K~ikSt=~. Included i~ CAM 0 0 0 0 0 TOTAL ANM.IAJ. Fq=.OPERTY TAX R:EiMOIJI~MENT 3,161 O O O 0 5. Sde~ Tax RdiTdxa,~m~ is frorn the tolowlf~ We~aide Lk~x Stom 432 0 0 0 0 300 W. All.dc AvL Block Ai~. 0 0 0 0 0 Oiai:ou~ Auto F~ld~ 1,301 0 0 0 0 KwikStop SIo~ 1,a07 1,861 479 0 0 Pe~ch Umbm~ Pmpedy 0 0 0 0 0 TOTAL ~ SALES TAX RE]M~ ~540 ~,ee, 479 0 0 DELRAY BEACH COMMUNITY REDEVELOPMEMT AGENCY NOTES TO BUDGET FY ~0Q0 FY 2001 FY 2Q~2 FY 20Q3 FY 20Q4 NOTE i2t - PARKING LOT MAINTEN&MCE BUDGET BUDGET BUDGET ~DGET Re~er~e i$ cdlec~d on p~ddng ~ts in which iplce~ hl~B bMn K~L 1. Bio(:k 28 (NW S~h) C(:fxk) m 0 0 0 0 0 2. ~ 29 (sw 4th) Mur~ ~t 0 O 0 0 0 3. 8lock 76 MuM:h~l ~ 0 0 0 0 0 4. Futura ~ts (3 lots Q 23 _~ _.~___ e~h) Condo s~:~ 0 O 0 0 0 TOTAL REVENUE $0 $0 $0 Block 76 Fulvm L.~I Block 29 Item NUlllbM (;4' SpICeB t4t 0 23 I.mdm:a~ MdntmwlCe & Rel~k 5,38O 0 1.750 I.md.c.~ ~ 2.00O Ulili~l 4.750 0 1,250 Reel E~Me TIpE~/~ 1,100 0 25 Sub(oM Eqwlmm 13,230 0 3,525 I~r Space SI4 Awiige per slxice 'Rewnue MMd on toll number MW K4d. FY lt~l FYZON F'Y :1~1 FY 2eez FY 200,1 1. ~c~ 28 (NW ~(h) 0 0 0 0 0 Z Block 29 (SW 4lb) 0 0 0 O 0 3. 81oc~ 76 0 0 0 0 0 4. Fuium Lotl 0 0 0 0 0 PROJECT COSTS OLD SCHOOL SQUARE. THEATRE P~ge 10 De~elol~nent ¢o~t~ 09~19/99 [[~.M FY2~ FY 2~01 FY2~2 FY 2003 FY 20~4 ~. ;~ of oe~ s~n4ce to c~ 30,0~ ~o.o'zt 30.02~ 30.02~ ~0.0~ PROJECT COSTS BANKERS ROW - PARKING A STREET iPROVEMENT~ PAGE 11 Dlvelol;~lef~ Co~t~ 09119/99 FY ~ FY 2001 FY 2002 FY 2003 FY 2004 Revenue 1. Reimbursement from City ~ Delmy Beac~ 2. Reimbemement fn:~n Residents 2~337 2,337 2,761 2,761 0 TOTAL REVENUE ...... '~.,,33'7 ?t2,337 ~.,761. ~iZ,7.61 PROJECT COSTS MUNICIPAL TENNI~ CENTER PAGE 12 Development Co~t~ 0grl9/99 ITEM FY 20(X) FY 20~1 FY 2062 FY ~ ~ A. Ptanning ~ and Legal 6. Payments to City af Oelray Beach 49,537 49,537 .49,53".'.7 49,537 4g,537 TOTAL EXPENSES . $49,537 :~1,9,537 $49,.537 ~r~49,53-/, ~,49~537 TolalOal~alam(xmt$481.000(~ 5.72% f~:a-14yeam, l:~id semi.-am',Jallyinecluaiift~iagmeffls. ~ is equal to City payment to CRA f=r lxJrcha~ ~ ~ H,~,__ ~,~_ ($260.000}. PROdE~T C;OST$ OOWNT4~4 C~II~ I&I~QV~IENTS: ~CRM~4 ~OINT V~NTURE & Iq~ GIKZYE PAGE 13 Su~b. NE 2~i Am. C, eriffa~ 0 0 0 0 0 ~ O~h~r ~ C~.~-~-~ ~,~,~_~ 1~0.0~ 0 0 0 0 ~,~ ~ 0 o 0 T~ ~ ~ ~ 0 0 0 A. .A, Jley & S~ In~o~ 1. NE 2nd. Avenue 55,002) 3. One way Pdt C, en~nim 75.o00 75.CXX) 4. ~ I..Jghling 36,(~G0 ~,o{X) 3S.(Xx) 255.0oo o tlC).(2Q0 110.0Q0 96,m0 m,?SO 'la2.e~ 1M,822 111.~e~ TOTAL ~ $1,245~019 . $128,2~0 ~27,e~8 ~31,822 $181,1~3 TOTAL ~ IN EXCE~ OF E)O~N~ES (1,(~2.519) (120.000) {227.ee8) (23rl.822) (16%163) PROJECT CO~TS CRA ~ LO,N~ PROGRAM PAC~E 14 09/19~9 A. In~t Sul~idy & A~lminia~ Fee 100.000 lO0.OOO 100,000 t00,000 100.000 TOTAL EXP[~ S100,000 $100~000 S100,000 ~100:000 $100t000 PROJECT COSTS CO~MU#ITY ACllVITIES PAGE 1S S~I~ 09/19/99 ITEM FY 2~X) ~ FY 20~2 FY 20(]3 F'~ ^. Community Activilies 1. Boys & Girls Club 4. 5. 7. R~ F~ 8. V~-~ P~ 9. T.E.D. ~ 10. ~ C~b 11. ~~ P~-~&~~ 12. 13. ~ 14. C~ ~F~ ~s. ~ N~ (~ ~ ~ E~) PROJECT COSTS PEACH UMBRELLA PLAZA I - REDEVELOPMENT PAGE 16 O~v~ment Com~ 09/19/99 ITEM FY 200~ FY 2001 FY 2002 ~2003 FY 2004 A. Revenues 1. Land Sales b. BIcx:tc 28 Proper~ 392,392 C. SW 5~ A~enue 160,000 67,500. 175~000 S~bi,~a; Land $392.392 S160.000 $67,500 S175.000 TOTAL REVENUES $392,392 $160,000 b. Block 28 ~ 102,737 c. SVV 5th Avenue 100,{XX) 200,000 186,000 7,500 TOTAL E,~ENSES : ~r~,02,7'37 $200.000 $186,000 TOTAL REVENUES IN EXCESS OF EXPENSES $189,655 (~40.000) ($118,500) $167.500 PROJECT COSTS ~ ATLANTIC REI~=V~I.~I~k'T PA~E 17 A. 1. Gram: De~elel:~mem ~ 115,000 2. O~,r ~ 3. _ _iD,~,~__*J~ul Palm Beechen 156,900 56,000 4. ISTEA 434,138 5. Stale (~ Ftol~ll (Slal~ I-Im~e) 37.~0 6. CDBG sub~ ~ :...4oo 5~,~as .~s. om o o 3. ~ ~ 0 0 71~ ~.~ 1. ~A ~ ~,~ ~~~ ~.~ 0 ~,~,~ 0 0 0 TOT~~S ~,~ ~,~,1~ ~1,~,~ 1. ~ F~ 10,~ 10,~ 1~ 1~ 10,~ ~ ~ ~1~ ~ ~515 ~,~1 ~1,~ a. C~ ~ 5,~ 4. I~ ~, 1~ · C~ ~ 118.~ 5. R~- C~ ~ (~) ~,~ [ C~ ~ 1Z~ 7. ~ (~) ~.~ ~ C~ ~ ~,~ C. ~R~~ 1. ~ 13 ~,1~ Z ~ ~ 214,~ 3. ~ (12 ~ ~ ~) 1Z121 1~ 13.~ 14.~ 1. ~ ~ 1.~,~ z ~ ~ ~0.~ 0 0 0 ~ ~ ~. ~ 10.~ 1,~,~ 0 0 0 TOT~~S ~,m7,~ ~9,~ t1,~3~4 TOTAL R~S IN ID(.CESS OF EXPENSES (1,9(3~.501) (880,296) 203,~ (223,0B3) 3~0,b'72 PROJECT CO~T$ N::FORD,~BI.E HOUSING PAGE 18 FY 2000 FY 2001 FY 2002 FY 2003 FY 2OG~ A. Re~eflues 1. Sales a. Housing Finance Authority 0 0 0 0 0 b. Tax Deed Acquisition 30,000 30,000 30,000 30,000 30,000 c. Houses 0 0 0 0 0 2. Grants a. HTF - Iml~e=t Fees 0 0 0 0 0 b. HTF - Lots O 0 O 0 O c. HTF - _H,~_ __~__ O 0 0 0 0 d. Olher Admini~r'd~ 0 0 0 0 0 3. Fees Reimbursemer~ a. T'rlle Se~ch 0 0 0 o O b. S~ B¢~ngs 2,500 3,000 3,000 3,000 3,000 c. Sun.s 3,20o 3,2o0 3,2oo 3,2oo 3,20o c2. Secood I~gage Rehnbur~mwnt 0 O 0 0 0 e. G,'iflln Gate R~ 1.0O0 1,0O0 777 O O TOTAL RE%/GNU~S S13O,?O0 S67~OO S~6~977 Se6~2O0., 1. Lots Housing Finance ~ 0 0 0 0 0 2. Lots Tax Deed ~ 7,500 7,500 7,500 7,500 7,500 3. ~ 0 0 0 0 0 C. Rela~d Fee~ 1. Adminit~'a~' 2'0,2~2 21,212 22,273 23,386 24,556 a. ~ 2,SOO 2,500 2,SeO 2,5~0 2,500 b. T~tle Search 0 0 0 0 0 c. Soil Bodngs 2,500 3,000 3,000 3,000 3,000 d. Leg~ 20,00O 20,000 20,000 20,OO0 20,iXX) e. Surer 3,200 3,200 3.200 3,200 3,200 g. Architectural Fern S,000 2,.500 2,500 2,500 2,~,00 3. Proloe~y ~ 7,500 7,500 7,500 7,500 7,500 4. ~Tam~ 0 0 0 0 0 1. Grfflln Gate $0 TOTAL EXPENSES $149,402 $148,462 $1~49,57.5 $150,744 $151,9.71 TOTAL REVENUES IN EXCESS OF EXPENSES (18,702) (81,262) (82,598) (84,544) (85,771) PROJE~ COSTS BLOCK 7S - PARKING P,eGE tS IJnd A,~cluieilJon end Sidee 0Wlg/g~ 2. RTC. Lots 8 & 9 3. Craige Furniture Wmet~__ __me_ 4. ~. Ptmae I (131 2. 3. 4. Pt~ase m ('lo s,_,'~,~:*e~__ ) 3o,ooo 6. Phaee fY (23 ~) 5o,o(3O 'L NF_ 2nd Avenue A.saa~smem 0 0 TOT'ed. EXPEI4,...~ES . TOTAL REVEHUES ~ [XCES~ OF ~ SO $C) ($(~,000) {$21'1,000') (M,000) A. Revenue~ 1. Land Sale~ 2. De~etoflment Regio~ Grant TOTAL REVENUE e. ~ s. Cmige Furniture Buik~ng ~laeo~ Land. TOTAL EXPENSES TOTAL REVENUES IN EXCES~ OF EXPENSES PROJECT COSTS DO¥11NTOWN MIXED USE - REDEV~LOPtIE#T PAGE 20 Land Aequi~tion & Sale~ {~9/19/99 A. Revenue 1. Land Sams & Block 77 P~ 165,000 0 0 0 0 B. 2. Block 77 Rek111xlrserne~ a. Conmjl~ Reimbursement 10,000 TOTAL REVENUES $175,000 . ?tO ~0 T ~ ~) 1. BIOC~ 77 & BlOCk 78 2. Bkx:~ 77, I.=IS 14 & 15 3. Appraisal, Sun~y, Ptmming, Legal, Uan'mna~ e~c. 30,000 0 0 0 0 TOTAL EXPENSES ~r,,3o,000 ~ ~ ~ ~ TOTAL REVENUES IN EXCESS OF EXPENSES $145,000 $0 $0 $0 $0 A. Re*~rme 1. Rmmlx,,r~mem from County for Demolition 2. ~ Centm' 200,000 3. D,m:~ztmt Au~ Smre 2tX),000 TOTAL. RE~,NUES $0 6. Appt'aMai, Surrey, ~ 2,5(~ 10,000 50,000 $2,500 $10.000 C. Renow~don: ~ Slme Center 2. S~te & t~ 20,0OO TOTAL REVENUES IN EXCESS OF EXPENSES (22,5(X)) {10,000) (250,000) 0 0 PI~XIECT ¢O~T~ ~ ~ · BE~Id,,'TIFICA~ PAGEt REVENUES 1, Sale of Duplex TOTAL REVENUES 75~000 0 0 0 0 1. Oceo~a Pa~ 5,000 2. 3. NE 3~. A~nue 4. CBD 20,000 5. Othw' 5,000 5,O0O. 5,000 5,000 B. City ~ $10,000 $1Q,000 $10,000 $10,000 1. DUlXeX ~ Grants $10,000 $10,000 $10,000 $10,000 TOTAL EXPENSES . . ~/'38.500 S'70.000 ~0:0O0 ~,SO.O0O S5O~OOO PROJECT COSTS NORTH FEDERAL HIGHWAY REDEVELOPMENT PAGE 23 1. N.E. 141h Stre~ $0 $0 $0 $0 $85,000 2. Royal Palm Pml3alies 8. Loans fh3m City 1. N.E. 141h C. Lo~t D~m I~ (Grant) $50,000 TOTAL REVENUES . . . ~3,000. ~ ~4) . ~tO .,~_5,000 1. Eoy~ Palm Pmm~es (~mem~m~,) $40.000 $0 SO t,0 ~0 2. Planning, Al~X'at~l, Sut'vey, ~ $5,000 $0 $0 $0 $0 B. ReI=ay City Loan $85.000 C. L~t D~e In (Grm~ $50,O00 a. CRA Match S25,000 TOTAL EXPENSES . , $120,000 ~/0 ~ ~0 ~85,000 TOTAL REVENUES IN EXCESS OF EXPENSES PROJECT COSTS BLOCK eO - PARKING PAGE '~4 I. aed Aequt~llioa and I:)e~miogem~ 09/19R9 ~ FY 2001 FY 2002 FY 2003 FY 2004 A. P~king Space sales Q $6,000 ~ space 0 30,000 30,000 0 0 TOTAL REVENUES $43 $.30,000 $30,000 $0 $t3 B. bllsce#aneaus Legal ~ 2,500 2,500 TOTAL EXPENSES }0 $2,500 }2,500 . ~,0 Td:) TOTAL REVENUES IN EXCESS OF EXP~NSES ~:) $27,500 S27.500 $0 $0 PROJECT COSTS BLOCK ~0 - HI~TORIC HOUSES REVENUES A. Sale al Manllm~ 12,281 0 0 ~. Sale a~ Btmgalcm 2~0,000 TOTN. REVENUES $12,261 $20(},000 ~1 ~t0 . . .~). C. Ulsce _k~,~__~ Leg~ ~ 2,500 TOTAL EXPENSES , ~ ~1;2,50~ .~r,0 ..~0 ~ TOTAL REVENUES IN EXCE~S OF EXPENSES $12~81 $197,50~ ~0 ~0 ~0 Community Redevelopment Agency Delray Beach DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY BUDGET FISCAL YEAR 2000 Approved September 23, 1999 Prepared by Christine Caren 24 N. Swinton Avenue, Delray Beach, FL 33444 (561) 276-8640 / Fax (561) 276-8558 DELRAY BEACH COMMUNITY REDEVELOPMENT AGF~NCY Page 1 FISCAL YEAR BUDGET: FY 2000 ~m BUDGET GENERAL NOTES FY 20~0 OPERATING TAX EX TAXABLE SOURCE OF FUNDS Tax Increment Funds City 1,013,355 1,013,355 County 674,592 674,592 Subtotal: Tiles I 1,687,947 1,687,947 Sal~s of Purchas~ Land: Proj~ts P~h Umbrella Plaza: Regiment 13 392,392 392,392 Soacrest Neighborhood 75,000 75,000 West Atlantic Avenue Redevelopm~t 15 620,000 620,000 ~le Housing 16 ! 24,000 124,000 Downtown Mixed Use - Block 77 17 165,000 165,000 Block 60: Historic Home~ 12,281 12,281 South County Courthouse No~h Federal Highway & o~ Granla 50,000 50,000 Block 60: Parking 24 Reimbursemea~: Proj~x~s Bunke~ Row 5 2,337 2,337 W. Atlantic Ave. lt~level.: Gnmla & ~ 15 359,400 202,500 156,900 Afford. Housing: Grama & Othe~ Reim. 16 6,700 6,700 Sm~et Imta~vement Reimbutsmm~t 7 ! 50,00O 150,0O0 Pineapple Grove Gran~ 62,500 62,500 South County Courthouse Block 77 10,000 10,000 Block 60: Pa~king The Center for F~un. D~v. Bidg-Gnmt 15 Block 76 Parking - In Lira Patki~ Feea 18 50,000 50,000 PROCEEDS FROM BORROWING - TAX EXEMPT 2 PROCEEDS FROM BORROWING - TAXABLE 2 Properly R~enue 65,677 65,677 Inte~st Earned 3 105,000 105,000 Other Income 1,400 1,400 TOTAL SOURCE OF FUNDS 3,939,633 3,493,116 371,518 75,000 APPLICATION OF FUNDS Debt Service BOND DEBT SERVICE 2 832,348 832,348 Payoffof Sexi~ 1997 (A&B) 2 Op~a~g lta~a've 27 Issuance Cost Suba~tal Debt S~'vice 832,348 832,348 0 0 Project F~xpenses Old School Squn~ 4 30,027 30,027 Bankers Row 5 0 Municipal Tennis Center 6 49,537 49,537 Downtown Improve: Joint Vmtur~ 8 95,000 95,000 Ail~lSm~ lm~no~mems 7 255,000 255,000 ~ G-rove 9 845,019 145,019 700,000 Facado Program i 0 50,000 50,000 CRA Sohsidized Loan Program I I 100,000 100,000 Site D~velopmem Asaistan~e 0 Community Acfivi~ea 12 5,000 5,000 Peach Umbrella Plaza: Redevelopment 13 202,737 79,451 123,286 West Atlanti~ Avenue Pmkin~ 14 West Atlantic Avenue Red~veiol~nent 15 2,887,901 379,623 1,843,800 664,478 DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY Page 2 FISCAL YEAR BUDGET: FY 2~ 09/19/99 TOTAL BUDGET GENERAL FY 2000 OPERATING TAX EX TAXABLE Project Expenses, continued Affordable Housing 16 149,402 149,402 Downtown Mixed Use: Red~wei~t 17 30,000 30,000 Block 76: Parking 18 50,000 50,000 Block 76: Redevelopmem S. County Courthouse: Expansion 19 2,500 2,500 S. County Courthouse: Rmovation 20,000 20,000 Neighborhood Plaunin~ & Beautification 20 738,500 70,000 668,500 North Federal Highway 21 120,000 120,000 Block 60: Parkin8 24 Block 60: Developmmt Block 60: Historic Homes Projec~ Blues & Plans 500 500 Subtolal Project ~ 5,631,123 1,194,571 3,648,785 787,764 Property Expenses 68,295 68,295 General & Administrative Salaries 25 !,790 251,790 Benefits: Doff'md Compensation 15,424 15,424 Conf~n~ Semim~ 2,625 2,625 Dues, Fees & Subscriptiom 1,785 1,785 Ent~'tainment & Travel 7,500 7,500 insurance: Health 12,074 12,074 Insumm~: ~ 17,500 17,500 Miscellaneous 500 500 Office: Equipment & Furniture 5,000 5,000 Office: Expenses & Payroll S~wice 25 10,658 10,658 Office: Houses & Parking Lot CAM 26 13,518 13,518 Professional: Audit, Accounting 11,000 ! 1,000 Professional: Legal 17,400 17,400 Profl:s,siolml: Gran~ 5,000 5,000 Professional: ~ Consulting 5,000 5,000 Training 1,00~ 1,000 Public Relatiom 35,000 35,000 Rent: Storage Space 720 720 ~ ~uivmmt 8,Z73 8373 Taxes: Payroll 20,143 20,143 Telephone & Utilities 10,000 10~000 Sub.al C_~mmd & Adminis~ative 458,010 458,010 0 0 TOTAL APPLICATION OF FUNDS 6,989,776 2,553,224 3,648,788 787,764 SUBTOTAL FUND SOURCF~ IN EXCE~ OF APPLICATIONS (3,050,143] 939,892 (3,277,270) (712,764) +/-Cash Balance, Begionin~ ofYcer l__~s__ Payables 5,291,898 499,877 3,802388 989,633 TOTAL OPERATING PLUS BOND FUNDS 2,241,754 1,439,768 525,118 276,869 Less boud-relat~d / committed funds (801,987] 1,439,767 TOTAL NET OPERATING FUNDS 1,439,767 4{L,OOO.O0 QilOLI~2 ~l,$?l.4l 3L,OQQ.QQ 4~,$?L.4~ 420,OOO.OO 4S,$TL.iI 121oll}i 12,ilS.il 12,$11.1l ltloll}1%l,lI}.14 12,t41.15 24,7i1.$0 411.]{S.ll Il,siS.TS Il/ti/J? 11,44}.31 Ii,ilS.IS Q&/oj/}l II,O&l.]l l),toO.OI l%/OI/}l Io,&?&.$& Ii,Oil.I) O&/OI/99 IO,%Ti.S4 14,494.1~ %4,761.3J X%/Ol/OO I,}9).S? I$,?Ti.4Z %4,?&l.3} %}! JlO.t% fi/Il/il I,$42.12 l&,22S.S7 lllll/Ol I,Otl.tl IS,ilS.&2 2I,?iI.3S IlS,III.l% Oililli% t,til.4S IT,ltl.SS %4,7&1.30 241,11t.1! iS,Sit.il 12101102 ~,!18.47 It,SST.SS 24,tit.JO OSlOllO3 J,SOS.4$ II,Iii.SI 24,7Sl.)S 212,tSt.O! {Z/O{103 S,08S.9~ 14,682.40 Il/Gl/Gl S,OO%.O! l},t&&.)l !4,T&l.)} ISS,I)I.SS lT/OI/Oj ),Is$.TI 20,IIi. Il 24,7i1.3} ll),ll&.ll OSiOllOS 3,257.1& %l,SlI.23 24,7i1.3S }1,175.ll 41,S]i.7! 12/ii/OS 2,i4I.S4 22,12i.4S %iJSm.)~ ~t,24J.ll , Ii/OliOS l,iSl.21 23,410.11 il,SSI.iS Il,Itl.ti fi/Il/il iii.il Il,ltl.ti Ii,iii.lO I.# il,Sit.t! J!J,SI}.&) lJl,O00.O0 DELRAY BEACH COMMUNrrY REDEVELOPMENT AGENCY Pl~e 6 NOTES TO BUDGET I ACTUAL BUDGET ~ BUDGET BUDGET BUDGET 1. T~X Increme~ Funds m'e baked on the following preliminary figures (discountecI) Taxable Value - Final Valuation 375,964,132 ! 400,000,000 414,000,000 428,490,000 443,487,150 459,0Qg,2(X) CRA 1965 Base Year Taxat)le Value (245,631,067) (245,631,067) (245,631,067) (245,631,067) (245,631,067) {245,631,067) Tax ll~'~eflt 13Q,333,C)65 154,368,933 168,368,933 182,858,933 197,8,56,083 213,378,133 Q 95% 123,816,412 148,680,468 159,950,468 173,715,963 187,963,279 202,709,227 Millage rates for the laxing ~lfilies: City 6.910 TIF~ 855,571 t,013,368 1,t05,258 1,200,377 1,298,826 1,400,721 County 4.680 TIF$: 569.555 674.592 735.772 799.0~1 864.631 932.462 Total: 1,425,126 1,687,947 1,841,030 1,999,471 2,163,467 2,333,183 % Increase: 19.44% 9.07% 8.61% 8~)% 7.85% YEAR VALUATtON INCREA~ 1999 400,000,000 6.39% · Estimate 1998 375,964,132 11.20~ 1997 33~,068,824 3.73% 1996 325,933,193 2.14% 1995 319,106,494 2.25% 1994 312,072,101 0.~4% 1993 309,475.(]26 -0.81% 1992 312,009,293 2.?0~ 1991 303,8~6,099 2.38N 1~90 296,731,668 2.20% 1989 290,330,431 19M 261,310,202 -0.74% 1967 263,245,810 2.30~ 1986 267,332,681 4.76~ BASE YR 1985 245,631,067 2. In Fiscal Yea' 1999, CRA i/sued $3,700,000 ol new tax-mmmpt b<xtcll plue refunded ~6,015,000 ol ~ tax. exempt bonds at an InWest rate M 4.80%. The agency also ismmd $1,000.000 ~' uew taxabte bonda piu~ r~und~l $1,10~.000 remaining at a~ interest rote ~ 5.71%) wttl remain uncMnged. 3. k-4erest Earned il fr~n: SBA Accmmtl TIF Trust ~ Pr~_ects 4. OM School Squm'e: The CRA loaned to Old Schoal Squere debt sef~ca peyma~s to ~he City ol' Dairy/Beac~ ff~m 1992 un~l 9F30/95. ~ 1~ it w~ ~ ~ ~ CRA ~ ~ ~ ~ ~ by OSS, ~w~ ~ ~ ~ C~, C~ ~ O~ M F~ Y~ 1~. ~ C~ ~ ~ O~ ~ ~ 5. B~ R~ C~ impm~ i~ a m~a ~ ~ ~ ~ ~m 8. M~M T~S C~ ~CRA~m~C~D~~I,~ (6.01% ~14~~in~. ~H~~. ~ ~ ~ NE ~iA~ ~ ~ ~ ~ ~ A~A~. 8. D~V~: 9. ~ G~/n ~ TF r~en~s ~ ~ a~. ~ CRA ~11 ~ ~b~ ~1S,~.~ 10. Hi~c F~e NOTES TO BUDGET Continued Page 11. Subsidized Loan Program: Program prov~les an inteeest subsidy for residmllial and bu~in~morctal prop~f~ improvement Ioan~. 12. Community Activities: I~ram includes con~ibutio~s t~ no~-proftt gro~$. 13. Peac~ Umbrella Redevetopment PrO~ect inctudes purchase of properli~s for resale for prtva~ devetopment and plm~ng and acquisition cceta. t4. West Aaantic Redevetopma~c Project includes purchees of pmpe~'ty for resata, fo' private developmant and gmnt,~. Granta ir~lude Development Regions, ISTEA, Beau'dfuJ Palm Belches, EDA and CDBG. 15. Affordable HouNng: The CRA contributes to ~ program by purctmeeng lots, providing direct subsidies to home buye~ ~ pmticlpa~'~ in Ifle Renaisaance program wrdl the City of Deeray Beacfl. 16. Do,~mtmm ML~d U~e: Project indudes the sate of propen'~ in Btoc~ 77. 17. Block 76: The CRA acquired propefIJes on Blod< 76 for the co~truc~oe of a municipal parkir~g IoL The agency completed an 18. South County C~: The CRA purctmaed properlies on Btod[ 53 for ~e furore a3qe~,~ton of ~e Comtmuae. W~ ~e leco~d amendmeftt to ~e egresment, the CRA retalna '~e cemmorclee pml~m'~y located o~ W. A'~a~lc Aveftue. An ~ddl~onee acqui~ will be req',~. The K'~dk Sta~)A. aum:~ bulldi~ 'w~s p~-~.T~ed in 1 gST for $105,000, the Discount Aura buikllng wes purchased in 1990 for $304,000 amd the Pink Ap~. prope~y was put'<:t~sed in 1988 for $161.000. Neeg ht~rhoo:l Ptanntng & ~: Pro~ec~ included are Dee IDA Beeu~ca~un, Osceola, Seam'est and W. Setllm'$ Dl~rlct. In addltfcm in Seacrest the CRA will acquire blighted mui~i-Mmily for ~e purpcee~ of cormO'ucling ceigl'eommxl pm~ and parking fani#~. 20. No~th Federal Highway:. Completlm of re-devek~mant pla~ and ~xiy of Royal Palm ~ Fu~therm~e. it 1~ contemplated tt~e paving of Royee Peem Street wilt be ac~omp#shed i~ 2000, wltl~ ~te City, ~ deveeopm' of It~e Yi,ke prof)mty an<l frontage land owr~rs ee~ing Ihe cost 21. Mastm' Pmldng Plan: No activity plm~ed in the next five fllcal years. 22. Business Devetopment: Unlunded program to encourage retailers to locate in b~e CRA district. 23. BIo~ The CRA anticipates th~ sale of ten parkieg ~paces in f~ yesr~. 25. Office: Hou~e/Porldng CAM: Commun area maintenance charges for Oeerly Beac~ Hislortc Homes Pro~ Owne~ A~sadmllon and ~ 80 Patkieg Co,-~o,~imum ~ WORK PROGRAM FISCAL YEAR 2000 COMMUNITY REDEVELOPMENT AGENCY CITY OF DELRAY BEACH, FLORIDA October 14, 1999 WORK PROGRAM 2000 INTRODUCTION The Community Redevelopment Agency of Dekay Beach, Florida was created in 1985 by the City of Delray Beach. Its first operating year commenced in 1986. The Agency is a dependent taxing district, and its principal source of revenue is from contributions made by the City of Delray Beach and Palm Beach County to the CRA tax increment trust fund. The contributions are derived from real estate taxes collected by the City and County. The CRA's portion is the incremental difference (increase) between the 1985 base year assessed value of the district and the eun'ent year's. In 1987, the Agency collected $105,000 in revenue compared to the 1999 increment of $1,425,126. Refer to Tables I, II, and III for an historical summary of CRA tax contributions. The district's boundaries generally mn from the Atlantic Ocean to Interstate 95, from SW 10th Street to the northern boundary of Dekay Beach..The residential areas east of the Intra coastal Waterway are excluded as well as the northern neighborhoods of Lake Ida and others. The district contains 1,915 acres and is approximately 55% residential, 39% commercial, and 6% industrial and public lands. The population of the district estimated in 1990 by the U.S. Census amounted to 13,902 residents of which 66% are African-American and Caribbean-American, 31% white, and 2% Hispanic-American and native American. The programs of the Agency include housing, economic development, marketing, land assemblage, and redevelopment. The life span of the Agency is for 30 years or until the slum and blight is eliminated and the redevelopment catalyst is no longer required. The Agency's purpose is to protect and enhance the tax base of the district and to eliminate slum and blight. During the 1970% and 1980's and even in the early 1990's, the downtown commercial area of the CRA district experienced severe tax value erosion. However, as a result of the CRA, City, County, and private investment, the tax base is rising. The long-term result will be to assist in providing a sound tax base for the entire City. WORK PROGRAM 2000 I. DEBT SERVICE/BORROWING In FY 1999 the CRA issued new debt in the amount of $11,820,000 in order to accelerate redevelopment. The new borrowing comprises of$9,715,000 of tax exempt funds of which $6,015,000 is the refinancing ofexigting tax exempt bonds and $2,105,000 of taXable funds of which $1,105,000 is the refinancing of existing taxable bonds. Therefore new monies available for projects amounts to $3,700,000 for tax exempt projects and $1,000,000 for taxable projects. The new bond proceeds will be used to acquire land on West Atlantic Avenue, to beautify West Atlantic Avenue, to beautify Pineapple Grove Way (lq.' E. 2~ Avenue) and to provide parking in the multi-family blighted area of the Seacrest Neighborhood. II. PROJECTS A. Old School Square. The CRA funded three and one-half years of the debt service for the Old School Square loan from the City for the Crest Theater during the period of 1992 to in the amount of $150,210. However, the CRA did not fund any monies in FY 1996, FY 1997, and FY 1998. The current debt amounts to approximately $300,000.. In July of 1998, .the City requested that the CRA fund the entire debt of Old School Square, retiring the principal of approximately $300,000 over a ten-year period. The CRA board agreed to assist Old School Square with its debt service in order for Old School Square to concentrate on fund raising for the completion of the classrooms in the old high school. The CRA will pay the City $30,027 for the Old School Square debt in FY 2000. B. Municipal Tennis Center. The CRA signed an Interlocal agreement with the City for the payment of $481,000, amortized over a 15-year period, for the Municipal Tennis Center. In 1995 the City purchased one of the CRA's historic houses for $260,000, and payment of the acquisition will be through the tennis center debt service. The annual debt service of the debt amounts to $49,537. C. Streets and Parking. In 1992 and 1993, the CRA participated with the City and the DDA in upgrading two existing municipal parking lots. These included Block 92 (behind Hand's Office Supply) and Block 109 (Ace Hardware area). In FY 1999 the CRA will.continue working on a street improvement project: NE 2nd Avenue, one of the gateways to Pineapple Grove. The project will include beautifying the first 140' of the Avenue north of Atlantic, including wide brick sidewalks, new street lights, and new trees. The budget will include a $50,000 contribution by the CRA (made in FY 1999), $43,600 by the City, and $25,000 by property owners. The project is expected to be completed by the end of 1999. A second street beautification project proposes to venture with the City, DDA, and private property owners for the side streets offEast Atlantic Avenue in order to encourage greater pedestrian traffic off the avenue. Beautification would include brick pavers, trees, and lighting. These costs would be shared by both the public and private sector, and the CRA will contribute $50,000 for FY 2000. D. Downtown Joint Venture. The DJV is a partnership between the CRA, the Chamber of Commerce and the Downtown Development Authority for the marketing of downtown, including events and numerous other programs. The DJV operates Art & Jazz on the Avenue, Summer Nights on the Avenue, Heritage Month (jointly with Old School Square and other organizations), Halloween Parade, Christmas on the Avenue (including the 100' tree), a downtown map and shopper's guide, and a monthly calendar. The organization also lends support to the Roots Festival, Peach Umbrella Festival, and the July 4th festivities. The Venture initiated the application of Pineapple Grove Main Street in 1994. In 2000 the CRA will contribute $75,000 to the DJV. The CRA will also budget $10,000 for special events and other marketing programs in FY 2000 and $10,000 for Historic Delray Green Market. E. Pineapple Grove Main Street. The organization was formed in October of 1994 as an approved Main Street by the State of Florida. The non-profit received $10,000 from the CRA, $5,000 from the DDA, and $30,000 from the City in three successive years including FY 1995, FY 1996, and FY 1997. The CRA is repaying the City's contribution of $90,000 over a ten-year period according to an Interlocal agreement. The focus is the revitalization of the NE 2nd Avenue commercial district. The FY 2000 budget will continue support of the program in the amount of $15,000 and the payback to the City will amount to $30,019. F. Pineapple Grove Way Street Beautification. In 1995 Pineapple Grove Main Street conducted a weekend charrette for the purpose of articulating the needs of the district. One element of the workshop was the beautification ofN. E. 2"~ Avenue, now known as Pineapple Grove Way. In FY 2000 a four block street beautification project will begin and the estimated cost is $2,100,000. The CRA, City and property owners will each contribute approximately one third of the total cost. The City will administer the project. The CRA will expend $700,000 for the project in FY 2000. G. Pineapple Grove Way Facade Grant Program. In FY 2000 the CRA will provide $25,000 for facade improvements for buildings located on Pineapple Grove Way. Pineapple Grove Main Street, Inc. will administer the program and is seeking additional funds from other sources, including the City. A typical grant will range from $3,000 to $7,500. 3 H. Facade Matching Grant Program. In 1997, the CRA budgeted $100,000 for the purchase of historic facade easements. An "RFP" was issued, and one response was received, the facade of' the Masonic L.odge building on East Atlantic Avenue. The CRA has negotiated with th6 owner to purchase the facade in the amount of $45,000. The CRA will budget $50,000 in FY 2000 for a continuation of the program. I. CRA Subsidized Loan Program. A highly successful micro-loan program will budget $100,000 in FY 2000 for interest subsidy which should produce over $1,000,000 in loans. The program subsidizes 50% of commercial/business loan interest charges and 95% of residential loans. In the past eight years since the program was initiated, the CRA's program partners have lent over $4,000,000. J. Community Activities. A small, $5,000 program for non-profit organizations to assist their programs. K. West Atlantic Avenue-Green Market. The CRA established the City's first community green market in 1997. Approximately 35 vendors participate, and the market is enthusiastically visited by consumers from the Delray Beach area. In 2000 the CRA will continue operating the market as an important economic catalyst for the West Atlantic redevelopment area and will budget $10,000. The Green Market will attempt to raise additional monies from corporate sponsors. L. West Atlantic - Peach Umbrella Plaza - Block 28. The CRA has nearly completed acquisition of 1.5 acres of property in the 400 block of West Atlantic Avenue for resale for new retail and other uses. The final acquisition is the exchange of property with Mt. Olive Missionary Baptist Church in which the CRA will receive land fronting on N. W. 5~h Avenue currently owned by the church. It is anticipated the CRA will sell the property assemblage in FY 2000 independently or in conjunction with the property owned by the CRA on the adjacent Block 36 (see below). M. West Atlantic Redevelopment - Block 36. The CRA will finalize the acquisition of properties on this important block and will resell the assemblage of 2.52 acres for a mixed-use development. The RFP for the sale should occur in the Fall of 1999 and the closing on the land should occur in the summer of 2000. N. West Atlantic Redevelopment - Block 13. The CRA acquired two properties on Block 13 and resold them in 1998 to Shuler Memorial Chapel. One additional property was acquired in 1999 and together with one additional property, the CRA seeks sell the two remaining properties in 2000. It is anticipated that the sale will assist in the development of a new redevelopment project fronting on West Atlantic Avenue. Shuler's Memorial Chapel, the purchaser of two of the CRA properties, is currently renovating and adding onto its funeral home. The construction will be completed in 2000. O. West Atlantic Redevelopment - SW 8th to 9th Avenues. The CRA acquired the Elks Lodge on SW 9th Avenue in 1998 as well as two other properties in 1999. In FY 2000 the CRA will continue to purchase additional property on the block in order to create two redevelopment sites. One site is earmarked for the CRA/TED Center Incubator office building and the second site will be for a future mixed use building. In FY 2001, the CRA may commence construction on the incubator facility, depending upon the ability to raise additional grant funds for the facility. Currently the $800,000 grant from the Economic Development Administration (U. S. Department of Commerce)' is the onl~ grant funds available for the $1.7 million project. Other properties in the blocks fronting West Atlantic will be studied by the CRA to determine the feasibility of creating additional redevelopment sites. P. West Atlantic Redevelopment- NW 9th Avenue. The CRA, together with the City, is studying the feasibility of correcting the misalignment of NW 9* Avenue, the short section north of the intersection with West Atlantic Avenue. One design alternative is to provide at the southern end of the residential area a cul de sac road configuration. The CRA, with City approval of the project, would acquire four parcels of land to accomplish the road project. The City would fund the construction. Q. West Atlantic Redevelopment - Other Acquisitions. The CRA would acquire additional properties on the corridor in order to begin land assemblage for future projects. The potential sites will be reviewed by the West Atlantic Redevelopment Coalition, Inc. Board and the CRA Board in the near future. G. Spady House. The CRA, in conjunction with EPOCH, a community based, historical organization in the West Atlantic community, received a $150,000 historic preservation grant to renovate the Solomon D. Spady Historical Museum located on NW 5~' Avenue. The CRA will expend the grant award to partially complete renovation. EPOCH, together with others, will work toward raising additional funds to complete the project. The CRA provided $20,000 in FY 1999 and will contribute an additional $20,000 in FY 2000 for construction purposes. Recently in 1999, Palm Beach County awarded EPOCH $100,000 for construction purposes as well. The CRA expects to administer a total of $400,000 of grants for the project in FY 2000. S. West Atlantic Redevelopment - Redevelopment Coordinator. West Atlantic is at the cusp of redevelopment, and the CRA will provide a portion of the funds, to support marketing on the Avenue. The redevelopment coordinator will assist in attracting 'new businesses t6 the Averiue, program and manage events; as well as assisting pre-startup businesses. Other responsibilities would include community relations and preparing a community newsletter. The position functions as the director of the West Atlantic Redevelopment Coalition. T. Affordable Housing. The program includes the acquisition of vacant, single-family lots for resale to home buyers and the funding of small second mortgage grants to home buyers. The program, called "Delray Renaissance," is a partnership with the City of Delray Beach, the TED Center, the Community Development Corporation of Delray Beach, the Community Financing Consortium, Inc. (a consortium of 17 lending institutions in Palm Beach County), and the Housing Authority. It has been identified as one of the most successful local programs in the State. In the past six years over 150 low and moderate income home buyers were able to purchase homes through the program. U. Block 76 (Pierce Tire Block). The CRA acquired a large tract of land, known as the Pierce Tire property, in 1995 and constructed a 131-space parking lot in 1996. The parking provides space for Old School Square and Pineapple Grove redevelopment, particularly the Ocean City Lumber.redevelopment project. In 1998 the CRA purchased one additional parcel by eminent domain and in FY 1999 constructed a ten-space parking lot. In FY 2000 the CRA will construct a 23 space lot on the grassy land, the last undeveloped parcel owned by the CRA on the block. V. Downtown Mixed Use. Block 85, between the FEC railway and SE 2nd Avenue, was acquired in 1994 and was sold in 1995 and 1996. The result of the redevelopment was the creation of three new restaurants, three new retailers and approximately 50 new parking spaces for the downtown. Previously in 1997 the CRA planned to acquire properties on Block 77 but did not carry forward their original plan for the block due to changed circumstances. Instead, the CRA together with the City will sell two parcels, including the City parking lot and a vacant lot owned by the CRA, to the developers who won the 1998 RFP for the sale of the property. Block 77 Group propose constructing a mixed-use development consisting of 219 rental apartments and approximately 13,000 square feet of retail space. The new developm&nt would 'incorporate new replacement public parking and a newly renovated Worthing Park. The public spaces would increase to 107 spaces during the day and 147 at night and on the weekends. W. South County Courthouse Expansion/Renovation. In 1998 the CRA studied redevelopment opportunities for the property it owns facing West Atlantic in the 100 Block. The agency concluded that it would wait until the County could definitively determine if it would expand the courthouse or would add jury trials to the facility. In FY 2000 the County must state its intentions with respect to the expansion of the courthouse. In FY 2000 the CRA will provide additional landscaping to the convenience store and the Discount Auto Parts store in order to comply with the City's landscape code. I. SeacrestfDel Ida Neighborhood Improvements. In FY 2000 the CRA will continue a very successful'set of improvements to Seacrest. These include the beautification of N. E. 3~d Avenue, the completion of five small neighborhood parking lots, the acquisition of duplexes and the sale of duplexes to households who contract to convert the structures to a single family homes, and the front yard light grant program. Y. North Federal Highway Redevelopment. The North Federal Highway area, as defined in the CRA/City redevelopment plan, calls for several important actions. These include neighborhood revitalization, Federal Highway and Dixie Highway beautification, and elimination of slum and blight through acquisition. In February of 1998 the City and CRA together with the Treasure Coast Regional Planning Council unveiled a community generated plan for the area which received in 19998 both the citizens' and governments' approval. The CRA in 2000 will participate in the construction of the Royal Palm Road extension into the Yake property. The development of the Yake property.is expected to commence in late 1999, and an access from Federal Highway will be essential to the redevelopment of the Federal Highway corridor. III. PLANNING PROJECTS A. Redevelopment Planning. The CRA is under contract with the City of Dekay Beach for planning services and together the two organizations, together with citizens, provide neighborhood redevelopment plans. One such plan is scheduled for completion in FY 2000: Osceola Park Redevelopment Plan. In FY 1999 the CRA expended $5,000 together with the City to perform a historic building survey of the City. The study is an important element in the Osceola plan. The CRA will expend $5,000 for the Osceola plan and will expend $20,000 for a plan for the Central Business District. The City will also budget $20,000 for the CBD plan. It is anticipated the two organizations will raise additional funds for the plan. B. West Atlantic Avenue Redevelopment Plan. The first phase of the Plan, in partnership with the Planning Department, was completed in 1995. The first amendment of the Plan was completed in 1998, emphasizing marketing and economic feasibility. In FY 2000 the CRA will propose several amendments, particularly for design guidelines. C. West Settlers Historic District Plan. The CRA together with the West Settlers Historic District Home Owners Association, The City, Palm Beach County Local Initiative Support Corporation ("LISC") and the area's historic cultural organization, EPOCH, will hold a weekend charette to commence a neighborhood plan for the district. The plan will consider the commercial corridor of N. W. and S. W. 5u' Avenues, historic preservation, street beautification, and other community improvements. D. Central Business District Planning. The C~A, in partnership with the City's Planning Department, will prepare a CBD redevelopment plan, looking particularly to issues concerning parking, incentives to encourage housing, regulations, transit, beautification, and other issues. IV. GRANTS A. Palm Beach County. The CRA will continue in 2000 with Palm Beach County to apply for a "Development Kegions" grant. The County program will make available matching monies for economic development. If the CRA receives such a grant, it would apply grant funds to projects in the West Atlantic redevelopment area and other distressed areas. In 1997, the CRA was awarded a Competitive Grant for Ocean City Properties in the amount of $75,000 and three Core Grants for West Atlantic businesses in the amount of $100,000. In 1998 the CRA was awarded a Competitive Grant for a new redevelopment project in Pineapple Grove in the amount of $50,000 and a Core Grant for West Atlantic Avenue in the amount of $75,000. In FY 1999 the CRA was awarded a Competitive Grant for a new redevelopment project in Pineapple Grove in the amount of $50,000 and on North Federal inthe amount of $50,000 and a Core Grant for West Atlantic Avenue in the amount of $65,000. In FY 2000 the CRA expects to apply for a Core Grant for West Atlantic Avenue businesses for approximately $50,000 and for Pineapple Grove or North Federal for a competitive grant in the amount of $50,000. There are however no assurances that the County will have funds available in FY 2000 for the program.. B. U.S. Department of Commerce. The CRA will negotiate with the U.S. Department of Commerce, Economic Development Administration ("EDA"), to extend the $800,000 grant for the small business development center office building. C. ISTEA (Intermodal Surface Transportation Efficiency Act of the u.s. Department of Transportation). The CRA, in 1997, received an ISTEA grant in the amount of$434,136 for West Atlantic Avenue beautification. In 1998, the CRA rceived another segment of ISTEA grant monies for West Atlantic Avenue in the amount of $500,000. In FY 1999 the CRA negotiated with DOT the combining of the two grants and constructing the work in FY 2000. Under this proposal the CRA will advance the monies and wait for reimbursement in the year of the award. D. Beautiful Palm Beaches. The CRA, with approval by the City, applied in 1997 for a $33,900 landscaping grant for West Atlantic Avenue. The CRA, in 1998, was awarded an additional grant for $55,000 in matching dollars for additional landscape monies for West Atlantic Avenue. The CRA will learn in late fall of 1999 if a third grant will be awarded. In FY 2000 the CRA will apply for an additional grant under this program for West Atlantic Avenue. The first three grants will be combined with the ISTEA funds to beautify West Atlantic Avenue. E. Palm Beach County Community Development Block Grant Economic Development Grant. In FY 1998, the CRA assisted DeL'ay Blues, Inc. d/b/a The Backroom in applying for a $50,000 County CDBG grant. The grant was awarded, and the CRA will be providing a matching grant of $50,000. Design and renovation may occur in the Spring of 2000, dependent upon the applicants ability to provide its matching funds of $50,000. 9 TABLE I CRA AREA AND CITY OF DELRAY BEACH ASSESSED VALUE HISTORICAL TREND Calendar CRA % City % Year Tax Value Change Tax Value Change 1985' $245,631,067 - N/A - 1986 257,332,681 4.76 N/A - 1987 263,245,810 2.30 $1,847,231,360 1988 261,310,202 -0.74 1,919,202,547 3.90 1989 290,330,431 11.11 2,201,749,552 14.72 1990 296,731,668 2.20 2,337,148,027 6.15 1991 303,808,099 2.38 2,518,897,622 7.78 1992 312,009,293 2.70 2,470,870,887 -1.91 1993' 309,475,026 -0.81 2,435,480,625 -1.43 1994 312,072,101 0.84 2,468,533,385 1.36 1995 319,106,494 2.25 2,541,583,271 2.96 1996 325,933,193 2.14 2,631,550,201 3.54 1997 338,086,824 3.73 2,758,936,396 4.72 1998 375,964,132 11.20 2,963,826,969 7.43 1999 Est. 407,403,714 8.37 3,150,298,713 6.30 * 1985 was the CRA's base year. 6/99 .TABLE Il CRA HISTORICAL TAX REVENUE Fiscal DelrayBch Palm Bch Children's P.B. County Year City TIF County TIF Svcs TIF Health Disc TOTAL 1986 $ .... $ .... $ .... $ .... $ .... 1987 56,611 48,285 0 0 104,896 1988 88,675 74,366 1,545 0 97,686 1989 79,400 70,755 2,290 0 152,445 1990 238,900 197,544 8,191 53,081 497,716 1991 198,555 223,310 10,864 60,681 593,410 1992 342,663 239,355 12,965 0 594,983 1993 390,968 272,278 0 0 663,246 1994 416,071 262,489 0 0 678,560 1995 434,259 270,976 0 0 705,235 1996 479,537 294,402 0 0 773,939 1997 530,195 323,137 0 0 853,332 1998 610,439 404,032 0 0 1,014,471 1999 855,571 569,555 0 0 1,425,126 2000 Est. 1,061,957 706,946 0 0 1,768,903 4/99 TABLE III HISTORICAL CITY TAX RECEIPTS ON CRA ASSESSED VALUE VS. CRA TIF RECEIPTS FROM CITY Assessed . City. Receip~ CRA Calendar Value Millage 100% Bs Receip~ Year CRA Dist % x Millage From City 1985 $245,631,067 4.9781 $1,222,776 $ 0 1986 257,332,681 5.0925 1,310,467 56,661 1987 263,245,810 5.2991 1,394,966 88,675 1988 261,310,202 5.3306 1,392,940 79,400 1989 290,330,431 5.6259 1,633,370 238,900 1990 296,731,668 6.1500 1,824,900 298,555 1991. 303,808,099 6.2500 1,898,801 390,968 1992 312,009,293 6.2000 1,934,458 390,968 1993 309,475,026 6.8600 2,122,999 416,071 1994 312,072,101 6.8800 2,147,056 434,259 1995 319,106,494 6.8700 2,192,262 479,537 1996 325,933,193 6.9500 2,265,236 530,195 1997 338,086,824 6.9500 2,349,703 610,439 1998 375,964,132 6.9100 2,597,912 855,571 1999'Est. 407,403,714 6.9100 2,815,160 1,061,957 6/99 Leader's Guide 1999/Mayor and City Commission/Delray Beach, Florida Delray Beach 1999: IAI Our Policy Agenda TOP PRIORITY Neighborhood Action Plan West Atlantic Redevelopment Police Retention Action Plan C.R.A. HIGH PRIORITY Tennis Stadium: Evaluation and Direction Public Information/Marketing Action Plan Cultural Diversity Action Plan Citizen Involvement Strategy Copyright @ 1999: Lyle Sumek Associates, Inc. (P9-117) 64 Leader's Guide 1999/Mayor and City Commission/Delray Beach, Florida Targets for Action 1999 TOP PRIORITY 1. Neighborhood Action Plan · Review Projects: Streets, Sewer, Drainage, Sidewalks, Street Lights · Evaluate Funding Options and Costs: City, Residents · Decision: Overall Direction Funding Timing · Initiate Actions 2. West Atlantic Redevelopment · Involve Citizens (Early to Define Problems and Outcomes) · Review Problems and Issues for City · Explore Options (Hotel, Retail, Grocery Store, etc.) · Decision: Key Policy Issues · Review Reports on C.R.A. Activities · Link to Southwest Neighborhood Plan 3. Police Retention Action Plan · Review Report · Explore Options · Decision: Staffing Level Compensation Level 4. C.R.A. · Link to Marketing with Message: Start with Problems, Not Solutions in Working with Citizens; Sense of Accountability · Meeting: Commission and C.R.A. Copyright © 1999: Lyle Sumek Associates, Inc. (P9-117) 65 Community Redevelopment Agency Delray Beach If any person decides to appeal any decision made by the Board with respect to any matter considered at this meeting, he will need a record of the proceedings, and that, for such purpose, he 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. JOINT WORKSHOP COMMUNITY REDEVELOPMENT AGENCY & CITY OF DELRAY BEACH Tuesday, November 9, 1999, 6:00 p.m. 1't Floor Conference Room, City Hall Delray Beach, FL 1. Call to Order 2. Approval of Agenda New Business: 3. CRA Five-Year Budget 4. CRA Budget - Fiscal Year 1999-2000 5. 1999-2000 Work Program 6. Summary of Redevelopment Projects on West Atlantic Avenue Other Business: 6. Comments by Commissioners 7. Comments by Board Attorney 8. Comments by Executive Director 9. Comments by Staff 24 N. Swinton Avenue, Delray Beach, FL 33444 (561) 276-8640/Fax (561) 276-8558 Community Redevelopment i~l~ Agency Delray Beach DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY FIVE YEAR BUDGET PROJECTIONS FY 2000 THROUGH FY 2004 September 23, 1999 Prepared by Christine Caron 24 N. Swinton Avenue, Delray Beach, FL 33444 (561) 276-8640 / Fax (561) 276-8558 DEi,.RAY BEAC~ COIEIE/Nfl'Y REDEV~4ENT AGENCY FIVE-YEAR BU[X~ET PROJECTIONS THROUGH FY ~ i TOTAL ~:XJRCE OF FUN~S Tax Inc:r~me~ Funds C~/ 85~.571 i 1.013.355 1.1(~.258 1.2~0.3'77 1.29~..r26 1.4~0.721 8.018.537 ,s~:~l: TtF$ I 1.425.126! 1,687.947 1,841,030 . 1,909,471 2.,163,,457 2.333,183 ~ ~ ~ Rede~.~:q::Xl'W~ '13 01 302.3~2 le0.000 e7.500 176.000 0 .~,~.~-.~t ~ieigNx~moc~ o ! 7~ooo o o o o 7~cx~ WaWt AMMiC Awfwe Rm:bwicq:znmnt 14 30.0(:]01 620.(:X~0 0 715.000 250.000 792.140 2.377.140 OowrltoMs )Abed Ua.e- Blodc 77 16 O 166.000 0 0 0 0 165.000 Block 60: I-btodc ~ 49.537t 12.281 200.000 0 0 0 212281 South County Coufthouoe 01 0 0 400.000 0 0 ,100.(XX:) Ncxth Federal ~ 01 50.000 0 0 0 85.000 135.000 F~emburwr~ Prok,m ' 0 elnkem Row 5 2.549 2.337 2.337 2.7~1 2.761 0 WMt ~ Aviitue Radar: ~ gird (Xher 14 23')'.6(X) 368.400 S:~.138 ~56.000 0 0 1.463.5;38 ~ Houi~ GraltM ~ Other 15 ?.900 6.7~0 7~00 6.977 8.200 6.200 33.277 Street ~...~.~ RMltxznm,Wlrb ? 98.000 150.000 0 0 0 0 1~0.000 ~ Gnx,i Grar~ 58.250 62.500 8.250 0 0 0 88.7~0 Soum County C(,zthou~e 0 0 0 0 0 0 0 Bkx:k 77 0 10.000 0 0 0 0 10.000 Bloc~ 60. ;-m~..~-.~ 0 0 0 0 0 0 0 The Center to/Ecxm. Dev. Bid0.- GmlX 14 0 0 1.700.000 0 0 0 1.71X).000 91oc~ 7~ ~ - In Lieu Pmtdng Feel 17 25.000 50.000 0 0 30.ex:x) 0 80.000 PRC)CF__F_.DS ~ BORROWING; TAX E~(~MPT 2 9.715.000 0 0 0 0 0 PROCEEDS FROM BC~ROWING: TAXABLE 2 2.105.000 0 0 0 0 0 0 (:Xher Income 1.400 1.400 1.4iX) 1.400 1.400 1.400 7.000 M'PUCAI'ION OF FtJNDS Bond De~ Sewice 2 617.146 832,348 894.675 889,9~0 1,039,645 1,061.375 4,717.943 Peyoff of SMiM 19e7 (A & B) 2 7.120.000 0 0 0 0 0 0 Opemling Reeen~ 50.000 0 0 0 0 0 0 Is~nce ~ 42,000 0 0 0 0 0 0 Old SdlCld .~ 4 30.327 30.027 30.027 30.(]27 30.G27 30.027 150.135 Benklil Row 5 0 0 0 0 0 0 0 Murl~ TM C. IrMr 6 48.537 48.537 4e.5~1/' 4e. s3'/' 48.537 4e.5~7 247'.e85 J.Inl Vem~ 8 103.224 95,(~0 98.?~) lO2.eee 108,822 111.1e3 514.422 Aley/Sl~l( Imlx. 7 118,e00 255.000 0 110,(X]0 110,rn~ 35.000 510,(~0 ~ Gt'(3k~ · 120.338 845,019 2"J',500 1.~,0(X) 15,(~0 15,0(~) F,,,,,'-,~ ~ 10 25.000 ~0.000 0 0 0 0 Site Develo0merlt A~l~tance 15.000 0 0 0 0 0 0 C. otm.rud~ Ac~AtJM 12 6.000 5.000 5.0(20 5.000 5.000 5.000 25.000 WMt ~ Awnue Perking 0 0 0 0 0 0 0 Wegt .A~gtt~ A,v~,~ue R~ 14 1.247.819 2.887.~01 2.gig.432 1.088.314 4"/'3,083 401.~ ?.?48.298 DELRAY BEACH COIIIJNITY RE~EV~i.{]~[i/~ AQ~ICY I~/~-YEAR BUDGET PROJE. CTION8 THROUGH FY 2{~64 TOTAL A~ OF SEPTEI~ER ~3, 1~ FY 1999 FY 2000 F'Y 2001 FY 2002 FY 2003 F'Y 2{304 FIVE YEAR ~ I..t~ng 15 311.465 149,4Q2 148,462 149,575 150,744 151,971 750,154 C)ownt~ Mi3~d Use: RI:He~ 16 30,000 30,000 0 0 0 0 81oc~ 76: Pagtdng 17 55.000 50.000 0 6.000 241.CXX) 6.000 303.000 Boc~ 76: Rede~d~ 0 0 0 · 0 0 0 0 South County ~: Exp,amion 18 0 2.500 10.000 er=o.ooo 0 0 Soum County ~ R~no~aion la 25.OO0 20.000 0 0 0 0 33.00O No~th Fecleri ~ 20 5,000 120.000 0 0 0 65.(300 206.000 Ma~ter PA'tdng P~ 21 0 0 0 0 0 0 0 D~fmy ~ Tndley Sy~em 0 0 0 0 0 0 0 Bu~ine~ De~cq:~mant ~ 22 0 0 0 0 0 0 0 6kx:k e0 ~ 23 0 0 2.5O0 2.50O 0 0 Bloc~ ~0 Deve~pment 0 0 0 0 0 0 0 ~ 60 I-.istc~c Homa~ 0 0 2.500 0 0 0 ~ Project F=qmm,~ 2.807.310 5.631.123 3.aa4.2<3~ 2.523.141 1.33e.213 1.040.786 14.19~.451 Genera/& Sa~ 236.000 251.790 264.380 27"7.5~ 291.479 306.053 1.391.301 Ben~: D~ ~ 14.300 15,424 16,195 17.005 17.855 18.748 85.227 ~. S~ 2.500 2,625 2,756 2,694 3.039 3.191 14,505 Dues. Fee= & ~_.*-.'.tl;~mlS 1.700 1.795 1.83~ 1.894 1.951 2.00~ 9.477 Entett~ & Travel 7.500 7.60O 7.725 7.957 8.196 e.441 30.e19 Insuc. He/tfl 9.200 12,074 12,677 13.311 13.977 14.676 98.715 Other 15.000 17.500 18.375 19.294 20.258 21.271 IA~ & ~ S4,::t~lty 5.715 6,000 6,300 6.615 6,946 7.293 33.154 Office: Equi~ & Ft.elt~lu~ 5.000 5,000 5.000 5,000 5,0(X) 5.000 25.000 0~: F.~ & ~ S~ 24 10.150 10,658 11.190 11.750 12,337 12,954 58.888 0~: I.~ & Pmldng Lol CAM 25 13.347 13,516 13,518 13,518 13.518 13.518 ~'/'.5~0 Prof Fee~: Aunt. _A.'~.~'~-___-.~ing 11.000 11.000 11.550 12.12~ 12,734 13.371 80.782 L. eg~ 15.(XX) 17.400 le.27o 19,184 2o. 143 21.150 98.146 Grmt= 5,0O0 5.000 5.000 5.OO0 5,OOO 5.000 25.000 Trining 1.000 1 .(300 1.000 1.000 1.0(30 1.0130 5,000 Rent: S~ Sp,c~ 720 72O 758 0 0 0 1.476 Rent: Equil~lt~ 8.373 8.373 8.7~2 9.231 9.~B3 10.177 46.2~ T,xe~: ~ 19.040 20.143 ZI.I~0 22.208 23.318 24.484. 111.304 Telel~h(xte & U~ 10.000 10,000 10,500 11.0~ 1 l.b'"~ 12,156 Sul~ C-~ & Adnd~ 403.045 458.010 454.474 474.111 48~.519 517.g~1 ~uB'rOTAL FUND ~(34JRCF.~ IN ~ OF A.~qq. JCATI(3N~ 3.167.171 (3.054).142) (39]'.142) (14.06~) (16~.390} /10.2t~ (2.111,173) +/-~ B~lance. eeginfling ~ Year ~ Pmy~ 5,291.89~ 2.241.755 1.843.914 1.829.845 1.663.455 PROJ. AT YE L.ee~ bond fn~ (4.7~2.Q21) (601.987) 0 0 0 0 Ba!.ce 411,00o ~171ell ........ I~.$i 11/01/~ ll,lll.l~ 11,111.1~ ll,?il.~! Ill,III.il ~il~lill I1,$1t.ll 11,111.1! 11,?11.I! t11,1~1.tl lll~llli ll,lll.il 11,$11.11 11,111.1! lll,ll~.ll · flllUll 11,11~.1¢ I1,I11.15 ll,l&l.l! 41t,11S.11 Il,lit.l! 111~11~? !!,11t.11 11,111.1! Il,III.l! lll,#l.ll O&/Ot/OO },4)1.S7 IS,}3S.I! 24,7~1.}1 I14,474.44 12/01/00 1,193.17 14,714.4! 24,7i1.3} 2)l,7ll.ll OilOllOl 1,442.12 I{,22S.$? 14,711.1! Ill,lit.Il 41,111.1t 12101101 I,e71.77 IS,iii. S2 24,?fl.1! liS,714.il eilIL/~% l,fli.l$ 17,1&&.}$ 24,711.3! 141,111.11 12101102 t,lll.4t I7,iS?.J2 24,iii. J} OS/Oil03 S,SO$.4S 11,1i%.}4 ii,Iff.)! 212,?}7.11 il,SIS.t! 12101103 S,08S.0! 1~,i82.40 24,7i8.)0 194,114.61 06101104 S,SSl.tl 19,21J.72 24,768.)9 Itl,Iii.JO IIlGIIG4 $,002.0! l~,t&&.)l !4,?I1.30 O&/O|/O~ 4,436.76 20,3J|.S~ 24,7fl.3! 134,tlJ.Ji 12/01/05 ~,15f.21 !0,~13.11 24,711.1! ll),ll&.ll 0~/01/0~ l,ll7.1i 11,$11.11 21,7i1.1! Il,III.I! llllllO{ l,ill.14 Il,Iii. IS 14,711.I! 71,1lt.ll O&lOllOl 1,lOt.l) ll,llt.ll Il,Iii.It 17,lll.H Il/Il/l! l,lll.ll Il,ii1.11 Il,III.l! 14,11t. I1 OllOl/OI II1.II 14,111.11 Il,Iii.l! I.H 2!2,141.i) 4ll,O00.O0 1}1,141.j1 D~LRAY BEACH COMMUNITY RED~'VEL,OPMENT AGENCY ~S TO BU~ 1. T~ ~ F~I ~ b~ ~ ~ f~ pr~imi~ flg~ (di~) T~ V~ - Fi~ V~ 375,~,1~ ~ ~,~.~ 414,~,~ ~,~ ~,~,1~ ~,~ CRA I~Y~T~V~ (2~,~1,~ (2~,~1,~ (2~,~1,~ ~,~1,~7) ~,~1,~ (2~,~1,~ T~ ~ 1~,~,~] 1~,~,~ 1~,~,~ 1~,~ 1~.~ 213,3~1~ Mi~e~~ ~: Ci~ 6.910 TF~ ~,~1 ~ 1,013,~ 1.1~ 1~,~ 1~,~ 1,~,~1 C~ 4.~ T~ 1,~,1~ ~ ~: 1~.~ 9.~ 8.~1~ 8~ 7.~ Y~R VAL~ 1~ ~5,~.1~ 11~ 1~ 31~1~ 0.~ 1~ ~,475,~ ~.~1~ ~,~,~ 1~ ~,~,~1 11.11 1~ ~1,310~ ~.74~ 1~ 2~.~1 4.~ ~E ~ 1~ 2~,~,~ TF T~ ~ NOTES TO BUOGET Goittlrmed P~ge ~ 12. Co~m~n~ty Acli~d~: ProGram incJud~ con~ubo~l to no~ groups. 13. Peac~ UmM'e#l Rede~menl 14. We~ Al~n~c Redev~mln(: DevMopmer~ Reglon~ ISTEA. BMu~J PMm Be~dle~ EDA Incl CDBG. 15. A/fom~te Houling: ~n ~ RenM~K=e program w~ ~e Ctly M Delmy BeKh. 17. OlOd~ 7~ The CRA Kq~m;I pr~w~i~ on Bi~ 7~ for ~e cmmruclm (~ a m~ncipel petdr~ kX. Tt~ Igetq (~mpIm~l m icld~,~,~, M~ ~M4 kl FJM:M Yelr 19~e. Thl Igenc:y (;m~lltglMll In mMMorill 2~ N)e;l~ In FY ~ lg. N~gl'~orl~ P~nning & I~ Jnduded ~ DM IDA Bemal~llle~ 08cedi. ~ ind W. S~IM~m OtlJIl~. II~ Idd#1an M $~lc~l~ ~4 CRA 21. MMW Plddng F~I~ 25. O~c.:. HMetdn~ CAM:. D~i.R, AY BEACH C42MIIUNITY REDEYELO~IENT AGENCY Page 7 NOTES TO BUDGET FY 20Q0 FY ~O0~ FY 2002 FY.q003 FY Z0~4 SCHEDULE A - PRC]~_RTY ACCQ(.INT ~ ~ BURET ~ BUDGET REVENUES P~y I~,c.-,~ ~ 3.003 3.000 750 0 0 Pml:mtty ~ I 45.T38 21.462 5.526 0 0 )Gt~.Slop. Di~xxml Aul~ &'flED C~'. 2 10.101 9.558 46.186 45.016 46.386 3,161 O O O O 0 O 0 0 0 3,540 1.861 479 0 0 140 140 140 0 0 TOTAL REVENUE8 86.677 36.021 53.062 45.O16 46.386 TOTAL EXPENSES 68,29S 54.858 105.088 104.848 1(~.8~8 TOTAL. REVENUES IN EXCESS OF EXPENSES I I ? 2i SI i3 DF. tRAY BEACH CC~IIUNITY REDE~L(~II":#T AGENCY NOTES TO BUDGET NOTE i1! - PROPERTY ACCOUNT REVENUES FY 2e~ FY ;0~ FY 2~; FY 2~; FY ~ FOOTNOTES ~ ~ ~ ~ BUDGET & Peech Llmbr~M Ren~ 0 0 0 0 0 b. [:)W:~x~M Au~ Pm~ (3.440 ~) 17.888 0 0 0 O c Kv~kS~c~ Sk~ ~ (2.~M ,f) 20.83T 21.462 ~S2, 0 0 d. Wel~ide E~_~,c~. Sttxe 7.2iX) 0 0 0 0 ~ ~00 W. Al~mtic A~. Block A4X~. 0 0 0 0 0 f. TED GMIIM RelX 0 0 0 0 0 TOTAL AMAJAL RENTAL INCOME 46,?'38 21,462 5,~8 0 0 2. C.*cM R~ K~_ -_(~'~_ ~ etd OUll~ 81.J41~ Tenmltl · . KwikS~l) ~tog Mime (2,34,4 ~fj 9,280 e,558 2.461 0 0 b. Other (1,267 ~ 0 0 0 0 0 c ~~~~) ~ 0 o 0 0 d. KwikStc~ Slop leme (3,440) 0 0 0 0 0 o. TED CentM CAM 0 0 43,7~6 45.016 4~386 Sut*c~: BMclng Temn~ 10,101 9,5~8 46,186 45,016 46,386 3. CAMRMntxJNnlnt: PlrMngL~ · BIo(:k 2B (NW Slh) 0 0 0 0 0 b. Block 29 (SW 4ih) 0 0 0 0 0 e. Bk:x:k 76 0 0 0 0 0 f. Fulum Lots 0 0 0 0 0 $utMOml: Patdng I.g~ 0 0 0 0 0 TOTAL AJ~I~AL CAM REJMBURSEMENT 10.101 9,558 46,188 45,016 M.388 4. Pml~N~y Tax ReiW i~ ftc~n ttte foloMng: KMkSI=~. In~udm:l kl ~ 0 0 0 0 0 TOTAL ~ ~FY TAX R~I~ 3,161 0 0 0 0 5. SMM Tm: RMI'eUI'MmMI~ i~ fmnl~he f~ Welt,Me Uquor SWl 432 0 0 0 0 3~0 W. aiklrltlC Aw. ~ A~L 0 0 0 0 0 DMa:xJrlt Aulo I:)M~ 1,301 0 0 0 0 K~St(:~ Sto~ 1,807 1,ml 479 0 0 Peach Lknbnde I~ 0 0 0 0 0 TOT~ ~ SALES TaX RBMBURSEMB~ 3.MO 1,e~1 47~ 0 0 7. ~ Expemm Jnulmd t:r IXl~ md olfur fem. DELRAY BEACH COMMUNITY REDEVELO~MEMT AGENCY NOTES TO BUDGET FY ~100 FY 2001 FYi2 FY 200.1 FY 2004 NOTE (2} - PARKING LOT M.~UMTEM&MCE BUDGET ~LIDGET BUDGET ~g,[[~t~._ BUDGET 1. Block 2~ 0~M/~h) ~mdo SMK~ 0 0 0 0 0 2. Bkx~ 29 (SW ,Mb) Mm~i~l Im O 0 0 0 0 3. Bkx:~ 76 Mur~icipd im 0 0 0 0 0 4. Fumm Lms (3 k~s Q 23 spsr:es esch) C~ndo specM 0 0 0 0 0 TOTAl. REVENUE 1. Bloclc 20 (NW Sm) 22 ,p,,tB. (4 rmnlh~) 0 0 0 0 0 2. Bkx:;k 29 (b'W 4th) 23 ~ 3.525 3.631 3.740 3.852 3.067 3. Block 7~ 141 ~ 13,230 13,e;27 14,C~6 14,467 14,8g:) 4. Fu~um ~ls (3 Im~ Q 23 spsc~m ~:h) 0 0 0 0 0 TOTAl. EXPEN.tES $18,TK $17,2/4 $17,T?i $18,30e TOTN. REVENUE m EXCESS O~ EXP~NSES Blcx:k 76 Fdum LEM Bk~k 29 Item NImlbet ~ N;IM~ 141 0 23 ~~&~ S,3e0 0 1.750 UU~M 4,750 0 RMI ~ Tl~i/AdffkiMrMJOfl 1,100 0 25 SulX(~I ~ 13,2~0 0 ~525 I~r Sp~cl ~4 ~ $1i3 PROJECT COST~ OLD ~HOOL SQUARE. THEATRE ~ 10 O~mmnt ¢o~t~ 09~1g~99 ~;~0,027' t30~027 ,,~r,30~027, ~;30~027 PROJECT COSTS BANKERS ROW - PARKING A STREET IMPROVEMENTS PAGE 11 Dm~opm~t Coms 09/lg~9 1. R~~~ C~ ~ Beech 2. ReimlxJrsement from Re,tdenls '2~337 2,337 2,761 2,761 TOT,N. REVENUE .. , ~.,337 ~2,337 ~,Z,761 ~2,761 PROJECT COST~ MUNICIPAl. TENN~ CENTER PAGE Dm,~o~xmmt com~ 0~ ~99 k P~,~rdng C, oe~ and Lega~ 9. ~ to City ol' Oelray E~,i,~ 49,53'7 49,537 49,,537 49,537 49,537 TOTAL EXPENSES ... ~r~49,537 ~/49,537 ~49,537 ~/49,53-/, ~r~49,537 Tol~lc~ap~a~$481.0000 $.72~ for 14y~m~,pmidaemi~yinequalim~ I~i~equMbC~;mymantloCRAk3rpun:tm~dM~lm-ey Houml ($260.000L I:q~'GJECT GC36'Tt3 ~O¥t111C:OR~ I~ IX)WNTOWN JOINT V~NTIJRE & RNEAIq:I~-E GROVE PAGE 13 3. C~e Way P,i~ C.m~a 75.00O 75.000 4. ~ L~ang 3S.000 3~,000 ~,~ ~.~ 0 11~ 110,~ ~ 3. Green ~ ~ 10,~00 lO, OCx:) 10, .0~0 10,000 10,000 9~,~3o 98.7~0 1~2,~ 108,822 111,163 TOTAL E)Q"'EI*~?_ _~ $1,245,0t9 112~,2~0 1227,B S2F1,~22 8151,1~3 TOTAL ~ IN ~ OF ~ , ,(1,0~519t (1~0,~301 (227A88) (2~1,822] (161,183} I:~OJECT ~ CRA ~ LO~ ~ PAGE t4 TOTAL EXPENSES S100~000 $1001~OO S1001000 ~ 00~000 $~001000 PROJECT COST~ COMMUNITY ACTNIT'IE~ PAGE 15 A. Commun~ 1. Boys & Gid~ Club 4. 5. Peach Umbria F',~r.,, ,NmedaSen 7. RO~:~ Fe~v~l Yemran~ Park 9. T.E.D. 10. Kiwanis Club 11. DeUay Beac~'~ Po#ce-Ad& Bemm:~m Soct~y 13. Mad Deds 14. 15. F'~t NIgN (Old Sclx~ Squm'e E,,mnt) PROJECT COSTS PEACH UMBRELLA PLAZA i - REDE~ELOflIIENT PAGE t6 ~¢e~tl 09/19/99 A. Revenues 1. Laid Sales I~. Bkx~ 28 ~ 392,392 c. SW 5rtl A~nue 160.000 67,500 175,000 ~ Land $392,392 S160.000 $67,500 S175,000 $3 TOTAL REVENUES B. b.~28~ 1~,~ c. SW S~ A~ 100,000 200,000 1~6,000 7,500 TOTAL EXPENSES ~,202,757 TOTAL REVENUES IN EXCESS OF EXPENSES S189,655 (S40,000) (II18,500) S167,500 SO PROJECT COSTS IIVEST ATt. AHllC ~ ~ PAGE TOT~L REVENLES IN EXCESS OF EXPENSES (1,90e,501) (eao.296) 2o3,e~ C22&oe3) 3Bo.sT2 A. Re~e~ue~ 1. ,Sales I. ~ Finance Authority 0 0 0 0 0 b. T.x Ocmd .44:x~CMIon 30,000 30.000 ~,~ ~.~ ~,~ c~ 0 0 0 0 0 ~ ~ $124.~ ~,~ ~,~ ~,~ ~,~ ~ G~ ~ ~F - ~ F~ 0 0 0 0 0 b. ~F-~ 0 0 0 0 0 c ~F-~ 0 0 0 0 0 · ~~ 0 0 0 0 0 3. F~~ K T~ 0 0 0 0 0 ~. ~ ~ 2,~ 3,~ 3,~ 3,~ 3,~ ~ ~ 3~ 3~ 3~ ~ d. ~~~ 0 0 0 0 0 e. ~ ~ R~~ 1.~ 1 ,~ ~ 0 0 TOT~ R~UES $1~17~ ~7~ ~,~ ~r~ ~. ~ ~F~~ o o o o o Z L~ T~ ~ ~_~ 7,~ 7,~ 7,~ 7,~ 7,~ 3. ~ 0 0 0 0 0 C. ~ F~ 1. ~~ ~ 21~2 ~ ~,~ 24,~ ~ ~F~ ~ ~ Z~ 2,~ Z~ 2,~ 2,~ b. T~ 0 0 0 0 0 e. ~ 3~ 3~ 3~ 3~ f. ~ 1,~ 1,~ t,1~ 1,1~ 1~16 g. ~ F~ 5,~ Z~ Z~ 2,~ 3. ~~ 7,~ 7,~ 7,~ 7,~ 7.~ 4. ~T~ 0 0 0 0 0 ~ ~ ~,~ ~,~ t7,~ ~,~ s7,~ 1. G~n ~ ~ ~ ~ ~ TOT~ ~S ,.. $149 ~ $1~,~ $149,~5 $1~,7~ $151,~1 TOTAL REVENUES IN EXCF~ OF EXPENSES (18,702) (81,2~2) (~2,~) (84,544) (85,771) PROJECT COSTS BLCX:X 7l. P,M~]NG PAGE L,Md Acqui~lon m~l Sd~ 0Wl'tgG TOTAl. REVENUES $50,1~X1 , ~ ~ ~,30,000 ~0 1. Lancl SIles o TOTAL REVENUE q~O SO ~ ~) SO TOTAL EDCoEN~=~ , ~ :~0 ~10 ~ , ,~0 TOTAl.. REVENUES IN EXCES~ OF EXPENSES SO $0 ~ $0 $0 COSTS DOWNTOWN MIXED USE - REDEYELOPMENT PAGE 20 Land ACClSdd~ofl & hies a. acx:k ?7 ~ 1~,ooo o o o o lB. 2. Bkx:k 77 Rd,~ m. Cc~ul~t R~ TOTAL REVENUES $175,000 ~) $0 ~ ~ 1. Bkx:k 77 & BIcx:k 78 2. Bkx:i; 77. Leis 14 & 15 3. App--, Survey, PiJnning, Legal, ~ ale. 30,000 0 0 0 0 TOTAL EXPENSES ~0,000 ~ ~ ~ ~3 TOTAL REVENUES IN EXCESS OF EXPENSES $145,0QQ S0 S0 S0 SO * Nole -Saie pcice o~ 81cx:k 77 Prccedy is $180,000. Block 77 ~ C-m:x~ has deitvel~l a SIS,000 I:)Id bc.-.2 TOTAt. REVENUES IN EXCESS OF EXPt~SES (22,500) (10,000) (250,000) 0 0 I~OJECT COSTS NE]GI. IBOEU4(X~ IR_ANNING · EF. ALITIFICA~ PAGE 0W'tW99 1. Samof Dup~x ' 75.000 TOTAL REVF, NUES .75~000 0 0 0 0 1. Oce~ F'mt( 5,0~0 $,~00 2. 3. NE 3nj. 4. CBO 20,000 5. ~ $,000 5,000 . 5,000 5,000 5,000 $10,000 S1O,O00 S10,000 $10,000 $10,QQO 1. Duplex Cc, hyatt, on Grants $10,000 S10,000 S10,000 $10,000 $10,000 TOTAL EXPENSES ., .. ~738~5~ PROJECT COSTS NORTH FEDERAL HIGHWAY REDEVELOPMENT PAGE 23 B. Repay City L~ C. Lorn Drive ~n (Gra~ $50,00O ~ CRA Matc~ TOTAL EXPENSES ~,t20,1~0 TOTAL REVENUES IN EXCESS OF EXPENSES PROJECT CO$'1'~ BLOCK ~0 - PARKING PAGE 24 land Aequt~#~o. ~ P~ ~;~=~ ~ ~ ~,~ ~ ~ 0 ~,~ ~,~ 0 0 TOT~ R~NUES TOT~ ~ENSES ...... T~ R~ES ~ ~CE~ ~ ~ES PROJECT COSTS Bt.OCK ~0 - HISTORIC HOUSES ~uEs A. Sale ~ M~nt.~/ 12~81 TOTAL REVENUES $12~81 $200,000 C. ~iscaaax~.__~ ~ ~ 2.~ TOT~ ~ENSES ~ ~,~ Community Redevelopment · Agency Delray Beach DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY BUDGET FISCAL YEAR 2000 Approved September 23, 1999 Prepared by Christine Caren 24 N. Swinton Avenue, Delray Beach, FL 33444 (561) 276-8640/Fax (561) 276-8558 DELRAY BF..ACtl COMMUNITY RED~PME~FT AGENCY i~le 1 FISCAL YEAR BUDGET: FY 2000 ~t.qm BUDGET GENERAL NOTES FY 2000 OPERATING TAX KX TAXABLE SOURCE OF FUNDS Tax Inc.'merit Funds City !,013.355 !,013.355 County 674,592 674,592 Subtotal: TWs I 1,687,947 1,687,947 Sales of Purchased Lanck Projects Peach Umbrella Plaza: R~levdogsm~ 13 392,392 392.392 Senc~est Neighlxwhood 75,000 75,000 West Atlantic Avenue Redevelopment 15 620,000 620,000 Affordable Housing 16 ! 24,000 124,000 Downtown MLxod Use - Block 77 17 165,000 165,000 Block 60: Histofio Homes 12,281 12,281 South County Courthouse North Federal ~ & or Grants 50,000 50,000 Block 60: Parking 24 Bankers Row 5 2.337 2,.337 W. Atlantic Ave. Reclevel.: Grants & Other 15 359,400 202,500 156,900 Afford. Housing: Grants & Oth~ Reim. 16 6,700 6,700 Street Improvement R~imbur,L-mem 7 150,000 150,000 Pineapple G-ro~ Cmm~ 62,500 62,500 South County Courthouse Block 77 10,000 ! 0,000 Block 60: Pasking The Center for Econ. Dev. Bid&-Grant 15 Block 76 Park~ - In Lieu Padtin~ Fee~ 1 $ 50,000 50,000 PROCEEDS FROM BORROWING - TAX EXEMPT 2 PROCF~=T)S FROM BORROWING - TAXABLE 2 Ptol~rty Revenue 65,677 65,677 Interest Earned 3 105,000 105,000 TOTAL SOURCE OF FUNDS 3,939,633 3,49.3,116 .371,5 ! $ 75,000 APPLICATION OF FUNDS Debt Service BOND DEBT SERVICE 2 832.348 832,348 PayoffofSeries 1997 (A,~B) 2 Operating ~ve 27 Issuance Co~t SubSoil De~ ~ 832.,.~48 832.348 0 0 Project Expenses Old School Square 4 30,027 30,027 Banke~ Row .5 Municipal Tennis Center 6 49,537 49,537 Downtovm Improve: Joint Venture 8 95,000 95,000 ~ Cwave 9 845,019 145,019 700,000 Facade Progntm 10 $0,000 50,000 CRA Sul~,dized Le~n l~x~nun ! I 100,000 100,000 Site Development Assistanoe 0 Community A~tivifies 12 5,000 5,000 Peach Umb~lla Plazn: R~development 13 202,737 79,451 ! 2.3,286 West Atlantic Avenue Parkin~ 14 West Atlanti~ Avenue Re~ 15 2,887,90 ! 379,623 !,843,800 664,475 DEI~Y BEACH COMMUNITY REDEVELOPMENT AGF_,NCY Page 2 FISCAL YEAR BUDGET: I;'Y 2000 09/19/99 TOTAL BUDGET GENERAL 1~ ~0 OPERATING TAX EX TAXABLE Pro~ect Expenses, contfnued Affordable Housing 16 149,402 149,402 . Downtown Mixed Use: Redevel~t 17 30,000 30,000 Block 76: Parking 18 50,000 50,000 Block 76: Redevelopmem S. County Courthouse: Expansion 19 2,500 2,500 S. County Courthouse: Rmovation 20,000 20,000 Neighborhood plannln~_ & Beautification 20 738,500 70,000 668300 Nc~h Federal Highway 21 120,000 120,000 Block 60: Parking 24 Block 60: Development Block 60: Historic Homes Project Blues & Plans 500 500 Subtotal Project Expenses 5,631,123 !, ! 94,571 3,648,788 787,764 Property Expenses 68,295 68,295 General & ,4dmittistrattve Salaries 251,790 251,790 Benefits: Defermt Compensation 15,424 15,424 Confe~ace~ Sen~nars 2,625 2,625 Dues, Fees & Subscripfom 1,785 1,785 Entertainment & Travel 7,500 7,500 insurance: Health 12,074 12,074 lnsumm~. Other 17,500 17,500 Maintmu~ & gemit~ s~n~ay 6,000 6,oo0 Miscellaneous 500 500 Ofx~: Equipmmt & Furniture 5,000 5,000 (~lEce: Expenses & Payroll Serv~e 25 10,658 ~0,658 Office: Houses& Parking Lot CAM 26 13,518 13,518 Professional: ~ 17300 17,400 Professional: Grants 5,000 5,000 Training 1,000 1,000 Public Relations 35,000 35,000 grot: Storage S~ 720 720 Rent- Equipment 8,373 8,373 Taxes: P~ymll 20,143 20,143 Telephone & Utilities I0~000 10~000 Subt~al General & Admini~ltnl~e 458,010 458,010 0 0 TOTAL APPLICATION OF FUNDS 6,989,776 2,553,224 3,648,788 787,764 SUBTOTAL FUND SOURL'~S IN L~CESS OF AI~LICATIONS (3,050,143 939,892 (3,277,270) (712,764) +/-Cas~ Balance, _Bering of Yea~ Less Pa~es 5,291,898 499,877 3,802,388 989,633 TOTAL OPERATING PLUS BOND FUNI~ 2,241,754 1,439,768 525, ! 18 276,869 Less bond-related / ~mmined funds (801,98T, i,439,767 TOTAL NET OPER~ITING FUNDS 1,459,767 ~.J J j~l JJJ,JJJJJJ.JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ llt,O00.tO DEL.RAY BEACH CO&~MUNITY REDEVELOP&tENT AGENCY PaOe ~ NOTES TO BUDGET FY~ FY ~0O0 FY Z0O'l FY 2002 FY ~003 FY Z0~4 ACTUAL BUDGET ~ BUDGET BLJDGET BUDGET 1. Tax Increment Fur~ls are ba~cl on ~e following preliminary figures (discounted) Taxgble VghJe - Final VaJua~on 375.964,132 400.000,000 414.000,000 428,490,000 443,487,150 459,009,200 CRA 1965 8a~e Yea~ T,ax~le Viue (245 631,(367' (245,631,067) (245,631,067) (245,631,067) (245,~31,067) (245,631,06'7} Tax Ir~rement 130,333,065 154,368,933 168,368,933 182,658,933 197,856,083 213,37~,133 ~ 95% 123.816,412 146.650.486 1~,g~0,486 173,715,998 167.963.279 202,709.227 City 6.910 TFs: 855,67t 1,013,3~6 t.10~.258 1.2(X).377 1,2~,826 1,400,721 Ccxxtty 4.600 TIFs: ,~9.655 674.602 7'35.772 769.004 864.631 ~2A62 Total: 1,425,126 1.887.g47 1,841,030 1,999,471 2,163,457 2,333,183 % ~: 16.44% 9.07% 6.61% 8.20% 7.65% YEAR VALUATION INCR~.A,~; 1999 400,000,000 6.39~ * ~ 1996 375,964,132 11.20~ 1991 338,066,~24 3.73~ 1996 325,933,193 2. t4% 1995 319.106,4~4 2.25~ 1994 312,072,101 0.84~ 1993 309,475,026 -0.81% 1992 312,009~J3 2.?0~ 1991 303,~06,009 2.38~ 1990 266,731,868 2.20~ 1989 29(3,330,431 11.11% 19~ 261,310,202 -0.74% 19~7 263,245,810 2.30~ 1666 257,332,661 4.76% BASE YR 19~5 245,831,067 2. k~ Fiscal Year 1999, CRA I~aued $3,?00,000 o~ new tax-exempt bomt~ pk~ ~ S8,015,000 o~ eodadt~ tax-exmtt~ remaining at ao intere~ rate of 5.71%) wtll remain ~hanged. 3. k-4ere~t Eamed il from: TIF Tttllt Acco~! P _ro~ec~ 4. O~ Scho~ Square: The CRA Ioarted to 01~ School Square debt ~r4~e pWmen~ to the City o~ Delray Beach fr~m 19~2 ~ ~. In 1994 it wis agreed fltlt ~e CRA would forgive Ii Imountl o~ed b}, OS$, Ild 0S$ in exchange ~ mite ~ agreeme~tt wla a~<~ed ~ Ihe C#y, CRA attd OSS in Final Yo~' 1999. The CRA wll rde~ OS$ ot ~ ~ 5. Bankers Row~. Capital improvemlnt~ included a municipal paftdrt9 lei and ~met rtq)alrt to NE lit Avlr,~. 'l"?/~e I~J(:l~l~l ~-~t IO fltl~lXi'~l I p(Xt~ Gl' W ~h'Ol,l~ i 6. 14~ Tanni~ Ce'~ec. TheCRA agmedt~paylheCltyd[)elmygeach$481,000 (6.01% tflem~f~ 14)~1t begirfd~lnfy94,'~. The I,mualpaymerdsof $49,537 emequllto~e Clty'l peymentforlhe 7. Nley ~ $1m~ Improvemenls: Ptar4-~d impt'tw~mer~ (~ NE 2mi. A~ ar4t o(het slreets adjece~ to AIIIdlc Avenue. 6. Oowmovm~ Venture: 7he CRA provi4e~ fun~ jointly w#~ ~e Chamber (~ Commeme alxt 1he DDA to Ol~lle I (~W~g. ed maftm41~ I~ograf~ fro' ~ ~ Beglnning in Filcal Year 1996, b~e CRA beg~ paytng gte City's oonlftbu&~m to PkteaPple Grove et $90,000.00 back ~ ~ C~ ~ ~ T{F tev~ues from ttte Ir~. The CRA will ilo cont~bu~ ~15,000.00 dlrec~ to PItteapt~ Grove In Final Yelr 2000. 10. Histmic Fac,~le Pmgllm: A smaJl grant matching program for cemm~ity ~ s~uctures. NOTE~ TO BUDGET Contln~d P~ge I 12. Commu~'~/kcttv~es: Program Includes co~Du~or~ !o ner~-pmfl! oroup~. 13. Peac~. Umbrella R~deve~opment Proje~ ind~es p~,~ ~f prope~dts f~' m~e for pn'vme ~evelopm~t ~ pl~nJng ~ ~c~ui~on costs. 14. West At~'~c Redevelopment: Oev~opment Regiorm, ISTEA, 9eau'dfut Plbn BeecJ',es, EDA ar, d CDBG. 15. Affogl~t)le Houaing: in U~e Renaissance program wtm l~e City ~ Dca'ay Beac~. 17. Block 78: The CRA m~lUimd propefl~s on Blod< 76 for lhe c~clk~ d., munlgipll pm'ldng k*. The ~gency cempl~m:l an addJtto~l t~t ~ace~ itt Final Year 1~9. The agency ce~lemplat~ m eddlllo~m123 q~el in FY 2000. 19. Ne~l'~otho~l I:~.i,-.-,~,-.~ .t Belu~f.;E.;,i Projec~ inclucled m'e Oa~ IDA B~m.~l~c~o~, Osca<~, Selctest ~nd W. Set~e~$ Di~tcL In ad<lllk~ in Selcr~t ~ CRA 'w~J acquire bltgt~d mutti-family for the purp~ d con~-ucl~Y~ neigiYoomo<xt pa~ and pa~ldng fadlifles. 20. Norttt Feder~ Highway:. Complelio~ d re-developme~ plan and study d Royal PaJm Slree[ Furthermore, it 11 cent~nplMld that bhe paving o~ Royal Palm Street wi)l be accomp#shed i~ 20~0, wl~ 5he C#y, ~',e devetopm' et ~ Y~e ~ ~ 21. Mast~' Pm~ing Pl~: Un~nd~l program1 to encoursge retaile~ to locate in the CRA district. 23. BIoc~ 60: The CRA an~ctpat~ I~e sale of ten pmtdng ~eces ~ fubxe years. 25. Office: Houle/Plrkh~g CAM: Commo~ ama mlintef~nce ctm'gel for DMrIy Beach Hl~o~c Home~ Pr~ Owllem AI~:~ lid Block ~0 Parking Cendomklka/I Al~x~llon- WORK PROGRAM FISCAL YEAR 2000 COMMUNITY REDEVELOPMENT AGENCY CITY OF DELRAY BEACH, FLORIDA October 14, 1999 WORK PROGRAM 2000 INTRODUCTION The Community Redevelopment Agency of Delray Beach, Florida was created in 1985 by the City of Delray Beach. Its first operating year commenced in 1986. The Agency is a dependent taxing district, and its principal source of revenue is from contributions made by the City of Delray Beach and Palm Beach County to the CRA tax increment trust fund. The contributions are derived from real estate taxes collected by the City and County. The CRA's portion is the incremental difference (increase) between the 1985 base year assessed value of the district and the current year's. In 1987, the Agency collected $105,000 in revenue compared to the 1999 increment of $1,425,126. Refer to Tables I, II, and III for an historical summary of CRA tax contributions. The district's boundaries generally mn from the Atlantic Ocean to Interstate 95, from SW 10th Street · to the northern boundary of Delray Beach..The residential areas east of the Intra coastal Waterway are excluded as well as the northern neighborhoods of Lake Ida and others. The district contains 1,915 acres and is approximately 55% residential, 39% commercial, and 6% industrial and public lands. The population of the district estimated in 1990 by the U.S. Census amounted to 13,902 residents of which 66% are African-American and Caribbean-American, 31% white, and 2% Hispanic-American and native American. The programs of the Agency include housing, economic development, marketing, land assemblage, and redevelopment. The life span of the Agency is for 30 years or until the sim and blight is eliminated and the redevelopment catalyst is no longer required. The Agency's purpose is to protect and enhance the tax base of the district and to eliminate slum and blight. During the 1970's and 1980's and even in the early 1990's, the downtown commercial area of the CRA district experienced severe tax value erosion. However, as a result of the CRA, City, County, and private investment, the tax base is rising. The long-term result will be to assist in providing a sound tax base for the · entire City. WORK PROGRAM 2000 I. DEBT SERVICE/BORROWING In FY 1999 the CRA issued new debt in the mount of $11,820,000 in order to accelerate redevelopment. The new borrowing comprises of $9,715,000 of tax exempt funds of which $6,015,000 is the refinancing of exi~ting tax exempt bonds and $2,105,000 of taxable funds of which $1,105,000 is the refinancing of existing taxable bonds. Therefore new monies available for projects mounts to $3,700,000 for tax exempt projects and $1,000,000 for taxable projects. The new bond proceeds will be used to acquire land on West Atlantic Avenue, to beautify West Atlantic Avenue, to beautify Pineapple Grove Way (N. E. 2~ Avenue) and to provide parking in the multi-family blighted area of the Seacrest Neighborhood. II. PROJECTS A. Old School Square. The CRA funded three and one-half years of the debt service for the Old School Square loan fi.om the City for the Crest Theater during the period of 1992 to in the amount of $150,210. However, the CRA did not fund any monies in FY 1996, FY 1997, and FY 1998. The current debt amounts to approximately $300,000.. In July of 1998, .the City re. quested that the CRA fund the entire debt of Old School Square, retiring the principal of approximately $300,000 over a ten-year period. The CRA board agreed to assist Old School Square with its debt service in order for Old School Square to concentrate on fund raising for the completion of the classrooms in the old high school. The CRA will pay the City $30,027 for the Old School Square debt in FY 2000. B. Municipal Tennis Center. The CRA signed an Interlocal agreement with the City for the payment of $481,000, amortized over a 15-year period, for the Municipal Tennis Center. In 1995 the City purchased one of the CRA's historic houses for $260,000, and payment of the acquisition will be through the tennis center debt service. The annual debt service of the debt amounts to $49,537. C. Streets and Parking. In 1992 and 1993, the CRA participated with the City and the DDA in upgrading two existing municipal parking lots. These included Block 92 (behind Hand's Office Supply) and Block 109 (Ace Hardware area). In FY 1999 the CRA will.continue working on a street improvement project: NE 2nd Avenue, one of the gateways to Pineapple Grove. The project will include beautifying the first 140' of the Avenue north of Atlantic, including wide brick sidewalks, new street lights, and new trees. The budget will include a $50,000 contribution by the CRA 2 (made in FY 1999), $43,600 by the City, and $25,000 by property owners. The project is expected to be completed by the end of 1999. A second street beautification project proposes to venture with the City, DDA, and private property owners for the side streets off East Atlantic Avenue in order to encourage greater pedestrian traffic off the avenue. Beautification would include brick pavers, trees, and lighting. These costs would be shared by both the public and private sector, and the CRA will contribute $50,000 for FY 2000. D. Downtown Joint Venture. The DJV is a partnership between the CRA, the Chamber of Commerce and the Downtown Development Authority for the marketing of downtown, including events and numerous other programs. The DJV operates Art & Jazz on the Avenue, Summer Nights on the Avenue, Heritage Month (jointly with Old School Square and other organizations), Halloween Parade, Christmas on the Avenue (including the 1001 tree), a downtown map and shopper's guide, and a monthly calendar. The organization also lends support to the Roots Festival, Peach Umbrella Festival, and the July 4th festivities. The Venture initiated the application of Pineapple Grove Main Street in 1994. In 2000 the CRA will contribute $75,000 to the DJV. The CRA will also budget $10,000 for special events and other marketing programs in FY 2000 and $10,000 for Historic Dekay Green Market. E. Pineapple Grove Main Street. The organization was formed in October of 1994 as an approved Main Street by the State of Florida. The non-profit received $10,000 fi.om the CRA, $5,000 fi.om the DDA, and $30,000 fi.om the City in three successive years including FY 1995, FY 1996, and FY 1997. The CRA is repaying the City's contribution of $90,000 over a ten-year period according to an Interlocal agreement. The focus is the revitalization of the NE 2nd Avenue commercial district. The FY 2000 budget will continue support of the program in the amount of $15,000 and the payback to the City will amount to $30,019. F. Pineapple GroveWay Street Beautification. In 1995 Pineapple GroveMain Street conducted a weekend eharrette for the purpose of articulating the needs of the district. One element of the workshop was the beautification of N. E. 2"a Avenue, now known as Pineapple Grove Way. In FY 2000 a four block street beautification project will begin and the estimated cost is $2,100,000. The CRA, City and property owners will each contribute approximately one third of the total cost. The City will administer the project. The CRA will expend $700,000 for the project in FY 2000. G. Pineapple Grove Way Facade Grant Program. In FY 2000 the CRA will provide $25,000 for facade improvements for buildings located on Pineapple Grove Way. Pineapple Grove Main Street, Inc. will administer the program and is seeking additional funds fi'om other sources, including the City. A typical grant will range fi.om $3,000 to $7,500. 3 H. Facade Matching Grant Program. In 1997, the CRA budgeted $100,000 for the purchase of historic facade easements. An "RFP" was issued, and one response was received, the facade of the Masonic Lodge building on East Atlantic Avenue. The CRA has negotiated with th6 owner to purchase the facade in the amount of $45,000. The CRA will budget $50,000 in FY 2000 for a continuation of the program. I. CRA Subsidized Loan Program. A highly successful micro-loan program will budget $100,000 in FY 2000 for interest subsidy which should produce over $1,000,000 in loans. The program subsidizes 50% of commercial/business loan interest charges and 95% of residential loans. In the past eight years since the program was initiated, the CRA's program partners have lent over $4,000,000. J. Community Activities. A small, $5,000 program for non-profit organizations to assist their programs. K. West Atlantic Avenue-Green Market. The CRA established the City's first community green market in 1997. Approximately 35 vendors participate, and the market is enthusiastically visited by consumers fi.om the Delray Beach area. In 2000 the CRA will continue operating the market as an important economic catalyst for the West Atlantic redevelopment area and will budget $10,000. The Green Market will attempt to raise additional monies from corporate sponsors. L. West Atlantic - Peach Umbrella Plaza- Block 28. The CRA has nearly completed acquisition of 1.5 acres of property in the 400 block of West Atlantic Avenue for resale for new retail and other uses. The final acquisition is the exchange of property with Mt. Olive Missionary Baptist Church in which the CRA will receive land fronting on N. W. 5th Avenue currently owned by the church. It is anticipated the CRA will sell the property assemblage in FY 2000 independently or in conjunction with the property owned by the CRA on the adjacent Block 36 (see below). M. West Atlantic Redevelopment - Block 36. The CRA will finalize the acquisition of properties on this important block and will resell the assemblage of 2.52 acres for a mixed-use development. The RFP for the sale should occur in the Fall of 1999 and the closing on the land should occur in the summer of 2000. N. West Atlantic Redevelopment - Block 13. The CRA acquired two properties on Block 13 and resold them in 1998 to Shuler Memorial Chapel. One additional property was acquired in 1999 and together with one additional property, the CRA seeks sell the two remaining properties in 2000. It is anticipated that the sale will assist in the development of a new redevelopment project fi.onting on West Atlantic Avenue. Shuler's Memorial Chapel, the purchaser of two of the CRA properties, is currently renovating and adding onto its funeral home. The construction will be completed in 2000. 4 O. West Atlantic Redevelopment - SW 8th to 9t" Avenues. The CRA acquired the Elks Lodge on SW 9th Avenue in 1998 as well as two other properties in 1999. In FY 2000 the CRA will continue to purchase additional property on the block in order to create two redevelopment sites. One site is earmarked for the CRAftED Center Incubator office building and the second site will be for a future mixed use building. In FY 2001, the CRA may commence construction on the incubator facility, depending upon the ability to raise additional grant funds for the facility. Currently the $800,000 grant from the Economic Development Administration (U. S. Department of Commerce)' is the onl~ grant funds available for the $1.7 million project. Other properties in the blocks fronting West Atlantic will be studied by the CRA to determine the feasibility of creating additional redevelopment sites. P. West Atlantic Redevelopment - NW 9th Avenue. The CRA, together with the City, is studying the feasibility of correcting the misalignment ofNW 9~h Avenue, the short section north of the intersection with West Atlantic Avenue. One design alternative is to provide at the southern end of the residential area a cul de sac road configuration. The CRA, with City approval of the project, would acquire four parcels of land to accomplish the road project. The City would fund the construction. Q. West Atlantic Redevelopment - Other Acquisitions. The CRA would acquire additional properties on the corridor in order to begin land assemblage for future projects. The potential sites will be reviewed by the West Atlantic Redevelopment Coalition, Inc. Board and the CRA Board in the near future. G. Spady House. The CRA, in conjunction with EPOCH, a community based, historical organization in the West Atlantic community, received a $150,000 historic preservation grant to renovate the Solomon D. Spady Historical Museum located on NW 5th Avenue. The CRA will expend the grant award to partially complete renovation. EPOCH, together with others, will work toward raising additional funds to complete the project. The CRA provided $20,000 in FY 1999 and will contribute an additional $20,000 in FY 2000 for construction purposes. Recently in 1999, Palm Beach County awarded EPOCH $100,000 for construction purposes as well. The CRA expects to administer a total of $400,000 of grants for the project in FY 2000. S. West Atlantic Redevelopment - Redevelopment Coordinator. West Atlantic is at the cusp of redevelopment, and the CRA will provide a portion of the funds, to support marketing on the Avenue. The redevelopment coordinator will assist in attracting 'new businesses t6 the Averiue, program and manage events; as well as assisting pre-startup businesses. Other responsibilities would include community relations and preparing a community newsletter. The position functions as the director of the West Atlantic Redevelopment Coalition. T. Affordable Housing. The program includes the acquisition of vacant, single-family 5 lots for resale to home buyers and the funding of small second mortgage grants to home buyers. The program, called "Delray Renaissance," is a partnership with the City of Delray Beach, the TED Center, the Community Development Corporation of Delray Beach, the Community Financing Consortium, Inc. (a consortium of 17 lending institutions in Palm Beach County), and the Housing Authority. It has been identified as one of the most successful local programs in the State. In the past six years over 150 low and moderate income home buyers were able to purchase homes through the program. U. Block 76 (Pierce Tire Block). The CRA acquired a large tract of land, known as the Pierce Tire property, in 1995 and constructed a 131-space parking lot in 1996. The parking provides space for Old School Square and Pineapple Grove redevelopment, particularly the Ocean City Lumber.redevelopment project. In 1998 the CRA purchased one additional parcel by eminent domain and in FY 1999 constructed a ten-space parking lot. In FY 2000 the CRA will construct a 23 space lot on the grassy land, the last undeveloped parcel owned by the CRA on the block. V. Downtown Mixed Use. Block 85, between the FEC railway and SE 2nd Avenue, was acquired in 1994 and was sold in 1995 and 1996. The result of the redevelopment was the creation of three new restaurants, three new retailers and approximately 50 new parking spaces for the downtown. Previously in 1997 the CRA planned to acquire properties on Block 77 but did not carry forward their original plan for the block due to changed circumstances. Instead, the CRA together with the City will sell two parcels, including the City parking lot and a vacant lot owned by the CRA, to the developers who won the 1998 RFP for the sale of the property. Block 77 Group propose constructing a mixed-use development consisting of 219 rental apartments and approximately 13,000 square feet of retail space. The new developm&nt would 'incorporate new replacement public parking and a newly renovated Worthing Park. The public spaces would increase to 107 spaces during the day and 147 at night and on the weekends. W. South County Courthouse Expansion/Renovation. In 1998 the CRA studied redevelopment opportunities for the property it owns facing West Atlantic in the 100 Block. The agency concluded that it would wait until the County could definitively determine if it would expand the courthouse or would add jury trials to the facility. In FY 2000 the County must state its intentions with respect to the expansion of the courthouse. In FY 2000 the CRA will provide additional landscaping to the convenience store and the Discount Auto Parts store in order to comply with the City's landscape code. 6 I. Seacrest/Del Ida Neighborhood Improvements. In FY 2000 the CRA will continue a very successful'set of improvements to Seacrest. These include the beautification of N. E. 3rd Avenue, the completion of five small neighborhood parking lots, the acquisition of duplexes and the sale of duplexes to households who contract to convert the structures to a single family homes, and the fi.ont yard light grant program. Y. North Federal Highway Redevelopment. The North Federal Highway area, as defined in the CRA/City redevelopment plan, calls for several important actions. These include neighborhood revitalization, Federal Highway and Dixie Highway beautification, and elimination of slum and blight through acquisition. In February of 1998 the City and CRA together with the Treasure Coast Regional Planning Council unveiled a community generated plan for the area which received in 19998 both the citizens' and governments' approval. The CRA in 2000 will participate in the construction of the Royal Palm Road extension into the Yake property. The .development of the Yake propertyis expected to commence in late 1999, and an access fi.om Federal Highway will be essential to the redevelopment of the Federal Highway corridor. III. PLANNING PROJECTS A. Redevelopment Planning. The CRA is under contract with the City of Delray Beach for planning services and together the two organizations, together with citizens, provide neighborhood redevelopment plans. One such plan is scheduled for completion in FY 2000: Osceola Park Redevelopment Plan. In FY 1999 the CRA expended $5,000 together with the City to perform a historic building survey of the City. The study is an important element in the Osceola plan. The CRA will expend $5,000 for the Osceola plan and will expend $20,000 for a plan for the Central Business District. The City will also budget $20,000 for the CBD plan. It is anticipated the two organizations will raise additional funds for the plan. B. West Atlantic Avenue Redevelopment Plan. The fu'st phase of the Plan, in partnership with the Planning Department, was completed in 1995. The first amendment of the Plan was completed in 1998, emphasizing marketing and economic feasibility. In FY 2000 the CRA will propose several amendments, particularly for design guidelines. C. West Settlers Historic District Plan. The CRA together with the West Sealers Historic District Home Owners Association, The City, Palm Beach County Local Initiative Support Corporation ("LISC") and the area's historic cultural organization, EPOCH, will hold a weekend charette to commence a neighborhood plan for the district. The plan will consider the commercial corridor of N. W. and S. W. 5th Avenues, historic preservation, street beautification, and other community improvements. D. Central Business District Planning. The CRA, in partnership with the City's Planning Department, will prepare a CBD redevelopment plan, looking particularly to issues concerning parking, incentives to encourage housing, regulations, transit, beautification, and other issues. IV. GRANTS A. Palm Beach County. The CRA will continue in 2000 with Palm Beach County to apply for a "Development Regions" grant. The County program will make available matching monies for economic development. If the CRA receives such a grant, it would apply grant funds to projects in the West Atlantic redevelopment area and other distressed areas. In 1997, the CRA was awarded a Competitive Grant for Ocean City Properties in the amount of $75,000 and three Core Grants for West Atlantic businesses in the amount of $100,000. In 1998 the CRA was awarded a Competitive Grant for a new redevelopment project in Pineapple Grove in the amount of $50,000 and a Core Grant for West Atlantic Avenue in the amount of $75,000. In FY 1999 the CRA was awarded a Competitive Grant for a new redevelopment project in Pineapple Grove in the amount of $50,000 and on North Federal inthe amount of $50,000 and a Core Grant for West Atlantic Avenue in the amount of $65,000. In FY 2000 the CRA expects to apply for a Core Grant for West Atlantic Avenue businesses for approximately $50,000 and for Pineapple Grove or North Federal for a competitive grant in the amount of $50,000. There are however no assurances that the County will have funds available in FY 2000 for the program.. B. U.S. Department of Commerce. The CRA will negotiate with the U.S. Department of Commerce, Economic Development Administration ("EDA"), to extend the $800,000 grant for the small business development center office building. C. ISTEA (lntermodal Surface Transportation Efficiency Act of the U.S. Department of Transportation). The CRA, in 1997, received an ISTEA grant in the amount of$434,136 for West Atlantic Avenue beautification. In 1998, the CRA rceived another segment of ISTEA grant monies for West Atlantic Avenue in the amount of $500,000. In FY 1999 the CRA negotiated with DOT the combining of the two grants and constructing the work in FY 2000. Under this proposal the CRA will advance the monies and wait for reimbursement in the year of the award. D. Beautiful Palm Beaches. The CRA, with approval by the City, applied in 1997 for a $33,900 landscaping grant for West Atlantic Avenue. The CRA, in 1998, was awarded an additional grant for $55,000 in matching dollars for additional landscape monies for West Atlantic Avenue. The CRA will learn in late fall of 1999 if a third grant will be awarded. In FY 2000 the CRA will apply for an additional grant under this program for West Atlantic Avenue. The first three grants will be combined with the ISTEA funds to beautify West Atlantic Avenue. E. Palm Beach County Community Development Block Grant Economic Development Grant. In FY 1998, the CRA assisted Delray Blues, Inc. d/b/a The Backroom in applying for a $50,000 County CDBG grant. The grant was awarded, and the CRA will be providing a matching grant of $50,000. Design and renovation may occur in the Spring of 2000, dependent upon the applicants ability to provide its matching funds of $50,000. TABLE I CRA AREA AND CITY OF DELRAY BEACH ASSESSED VALUE HISTORICAL .TREND Calendar CRA % City % Year Tax Value Change Tax Value Change 1985' $245,631,067 - N/A - 1986 257,332,681 4.76 N/A - 1987 263,245,810 2.30 $1,847,231,360 - 1988 261,310,202 -0.74 1,919,202,547 3.90 1989 290,330,431 11.11 2,201,749,552 14.72 1990 296,731,668 2.20 2,337,148,027 6.15 1991 303,808,099 2.38 2,518,897,622 7.78 1992 312,009,293 2.70 2,470,870,887 -1.91 1993' 309,475,026 -0.81 2,435,480,625 -1.43 1994 312,072,101 0.84 2,468,533,385 1.36 1995 319,106,494 2.25 2,541,583,271 2.96 1996 325,933,193 2.14 2,631,550,201 3.54 1997 338,086,824 3.73 2,758,936,396 4.72 1998 375,964,132 11.20 2,963,826,969 7.43 1999 Est. 407,403,714 8.37 3,150,298,713 6.30 * 1985 was the CRA's base year. 6/99 .TABLE H CRA HISTORICAL TAX REVENUE Fiscal Delray Bch Palm Bch Children's P.B. County Year City TIF County TIF Svcs TIF Health Dis~ TOTAL 1986 $ .... $ --- $ .... $ .... $ .... 1987 56,611 48,285 0 0 104,896 1988 88,675 74,366 1,545 0 97,686 1989 79,400 70,755 2,290 0 152,445 1990 238,900 197,544 8,191 53,081 497,716 1991 198,555 223,310 10,864 60,681 593,410 1992 342,663 239,355 12,965 0 594,983 1993 390,968 272,278 0 0 663,246 1994 416,071 262,489 0 0 678,560 1995 434,259 270,976 0 0 705,235 1996 479,537 294,402 0 0 773,939 1997 530,195 323,137 0 0 853,332 1998 610,439 404,032 0 0 1,014,471 1999 855,571 569,555 0 0 1,425,126 2000 Est. 1,061,957 706,946 0 0 1,768,903 4/99 TABLE III HISTORICAL CITY TAX RECEIPTS ON CRA ASSESSED VALUE VS. CRA TIF RECEIPTS FROM CITY Assessed City. Receip~ CRA Calendar Value ' Millage 100% Bs Receip~ Year CRA Dist % x Millage From City 1985 $245,631,067 4.9781 $1,222,776 $ 0 1986 257,332,681 5.0925 1,310,467 56,661 1987 263,245,810 5.2991 1,394,966 88,675 1988 261,310,202 5.3306 1,392,940 79,400 1989 290,330,431 5.6259 1,633,370 238,900 1990 296,731,668 6.1500 1,824,900 298,555 1991- 303,808,099 6.2500 1,898,801 390,968 1992 312,009,293 6.2000 1,934,458 390,968 1993 309,475,026 6.8600 2,122,999 416,071 1994 312,072,101 6.8800 2,147,056 434,259 1995 319,106,494 6.8700 2,192,262 479,537 1996 325,933,193 6.9500 2,265,236 530,195 1997 338,086,824 6.9500 2,349,703 610,439 1998 375,964,132 6.9100 2,597,912 855,571 1999'Est. 407,403,714 6.9100 2,815,160 1,061,957 6/99 Leader's Guide 1999/Mayor and City CommissionfDelray Beach, Florida Delray Beach 1999: IAI Our Policy Agenda TOP PRIORITY Neighborhood Action Plan West Atlantic Redevelopment Police Retention Action Plan C.R.A. HIGH PRIORITY Tennis Stadium: Evaluation and Direction Public Information/Marketing Action Plan Cultural Diversity Action Plan Citizen Involvement Strategy Copyright © 1999: Lyle Sumek Associates, Inc. (Pg-117) 64 Leader's Guide 1999/Mayor and City Commission/Delray Beach, Florida Targets for Action 1999 TOP PRIORITY 1. Neighborhood Action Plan · Review Projects: Streets, Sewer, Drainage, Sidewalks, Street Lights · Evaluate Funding Options and Costs: City, Residents · Decision: Overall Direction Funding Timing · Initiate Actions 2. West Atlantic Redevelopment · Involve Citizens (Early to Define Problems and Outcomes) · Review Problems and Issues for City · Explore Options (Hotel, Retail, Grocery Store, etc.) · Decision: KeyPolicy Issues · Review Reports on C.R.A. Activities · Link to Southwest Neighborhood Plan 3. Police Retention Action Plan · Review Report · Explore Options · Decision: Staffing Level Compensation Level 4. C.R.A. · Link to Marketing with Message: Start with Problems, Not Solutions in Working with Citizens; Sense of Accountability · Meeting: Commission and C.R.A. Copyright © 1999: Lyle Sumek Associates, Inc. (P9-117) 65