08-08-94 Budget Workshop
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CITY OF DELRAY BEACH. FLORIDA - CITY COMMISSION
BUDGET WORKSHOP - SEPTEMBER 8. 1994 - 6:00 P.M.
FIRST FLOOR CONFERENCE ROOM
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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. Please contact Doug
Randolph at 243-7127 (voice) or 243-7199 ( TDD) , at least
twenty-four (24) hours prior to the program or activity in order
for the City to reasonably accommodate your request.
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AGE N D A
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( 1 ) Joint budget workshop with the Community Redevelopment Agency.
(2) Commission comments.
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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 a record of the proceedings, and for
this purpose such person may need to ensure that a verbatim record of
the proceedings is made which includes the testimony and evidence upon
which the appeal is to be based. The City will neither provide nor
prepare such record.
M E M 0 RAN D U M
TO: MAYOR AND CITY COMMISSIONERS
FROM: CITY ~NAGER [0-(
SUBJECT: BUDGET WORKSHOP WITH THE COMMUNITY REDEVELOPMENT AGENCY
DATE: SEPTEMBER 7, 1994
Diane Hervey has advised that the proposed FY 1994/95 CRA budget
is not yet finalized. She plans on it being distributed at the
meeting on September 8th.
ref:agmemo8
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CD Community
Redevelopment
-a Agency
Delray Beach
August 11, 1994
Mr. David Harden I
City Manager
City of Delray Beach
100 NW 1st Avenue
Delray Beach, FL 33444
RE: City Commission/CRA Budget Workshop
Dear Dave:
The Board of Commissioners of the CRA would like to have a joint budget workshop with you,
the Mayor, and City Commissioners. Please let me know if Thursday, September 1st at 6:00
p.m. is a convenient date. If not, please advise me what date is convenient.
I will be away on vacation for the next two weeks, but I would appreciate it if you would advise
Diane IJervey of the date so she can coordinate the meeting with the CRA Board.
I
/~'y~urs,
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Christopher J. Brown
Executive Director
/d
cc: Alison MacGregor Harty, City Clerk
207 E. Atlantic Avenue. Delray Beach, FL 33444 (407) 276-8640 I Fax (407) 276-8558
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COMMUNITY REDEVELOPMENT AGENCY
CITY OF DELRAY BEACH
PROPOSED BUDGET AND WORK PROGRAM
1994 - 1995
PRESENTATION TO THE CITY OF DELRAY BEACH IN A JOINT WORKSHOP
SEPTEMBER 8, 1994
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WORK PROGRAM
1994 - 1995
I. PROJECTS
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A. Old School Square. The CRA expects to fund an additional year of debt service
for the Old School Square loan from the City for the Crest Theatre in the amount
of $43,743.
B. Municipal Tennis Center. The CRA expects to sign, in the near future, an
interlocal agreement with the City for the payment of $481,000, amortized over
a 15 to 20-year period, for the Municipal Tennis Center.
C. Downtown Joint Venture. The venture with the Chamber of Commerce and the
Downtown Development Authority for the marketing of downtown, including
events and numerous other programs; $40,000.
D. Pineapple Grove Main Street. The newly formed organization, recently
approved by the State of Florida, will receive $10,000 from the CRA.
E. Riverwalk. The street improvement of Marine Way from the Intracoåstal
Waterway bridge to the City marina for a $10,000 conceptual plan in conjunction
with the City and the neighborhood.
F. CRA Subsidized Loan Program. A highly successful micro-loan program will
receive $100,000 for interest subsidy.
G. Community Activities. A small, $10,000, program for Peach Umbrella, Roots,
TED Center, and others for assisting their programs.
H. Peach Umbrella Parking. The acquisition of land for two parking lots and the
construction of one 23-space lot.
I. Peach Umbrella Plaza. The acquisition of additional property on West Atlantic
Avenue for resale to a developer for new retail and other uses.
J. Downtown Anchor and Parking. A small budget for studying the parking in the
downtown in order to attract a major tenant for the area.
K. AtTordable Housing. The acquisition of vacant, single-family lòts for resale to
home buyers; the funding of small second mortgage grants to home buyers; the
expenditure of County grant monies as part of their Housing Trust competitive
program.
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L. Downtown Mixed Use. Acquire one additional property in Block 85.
M. Block 76 (pierce' Tire Block). The acquisition of the Pierce Tire property and
construction of a parking lot. Please note that the program is dependent upon
receiving $454,689 from the City out of the Pineapple Grove Decade of
Excellence Bond program. , e' ~ç rI
\' ì~ (\op> iI
N. South County Courthouse. Existing building; renovation to exterior. (vJ \-~
O. Predevelopment Planning. Small planning budg~t for Del Ida Street
improvements.
P. West Atlantic Avenue Redevelopment Plan. Funding for planning and a project
manager to commence the implementation phase of the Redevelopment Plan.
Q. Block 60 Parking. Construction of a parking lot on land between City Hall and
Old School Square.
R. Historic Homes. Completion of homes funded by grants, including common area.
ll. ADMINISTRATION
A. Salary. Maintain same staff level including Director, Administrative Assistant,
Planner, and part-time Receptionist.
B. Auditor. Increase of $3,000 due to 1993 bond issue.
C. Bookkeeping. Maintain same consultant, part time.
D. Legal. Maintain same level of funding.
E. Legislative. Maintain same contribution to City for State lobbyist.
F. Grant Writer. Added to budget in the amount of $15,000. Other funds, $10,000,
for miscellaneous consultants.
G. Public Relations. Reduced budget by $2,500.
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III. REVENUE
A. Tax Increment income rising 5%.
B. Peach Umbrella Plaza. Sale of property on West Atlantic Avenue.
C. Downtown Mixed Use. Sale of property in Block 85.
D. City Bonds for Block 76, $454,689.
E. AtTordable Housing. Sale of lots and receipt of grants from the County.
F. Historic Homes. Anticipate raising additional $60,000 in grant monies.
G. Bond Proceeds for tax exempt projects, $800,000.
H. Property Revenue, received for rent on income property.
IV. DEBT SERVICE
A. Bond Debt Service on both taxable ($800,000) and tax exempt ($4,300,000).
B. Operating Reserve. Additional monies to be added to reserve account which is
to be used as working capital during the October 1 through January 1 period when
the Agency is unfunded by new tax increment revenue.
9/8/94
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CD Community
Redevelopment
-a Agency
Delray Beach
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DELRAY BEACH
COMMUNITY REDEVELOPMENT AGENCY
Budget for Fiscal Year
10/1/94 - 9/30/95
Prepared by Juliet Chayat
207 E. Atlantic Avenue, Delray Beach, FL 33444 (407) 276-8640 I Fax (407) 276-8558
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DEL RAY BEACH COMMUNITY REDEVELOPMENT AGENCY - Page 1 TIF OTHER $ BORROWING BUDGET: TOTAL ACTUALS
FISCAL YEAR BUDGET: 10/1/94-9/30/95 08-Sep-94 ACTUALS BUDGET BUDGET TAX-EXE. TAXABLE BUDGET TO DATE
ITEM (proj6 .wk1) NOTES 93/94 94/95 VARIANCE
SOURCE OF FUNDS ------ -------- -------- -------- -------- -------- -------- -------- --------
Tax Incre.ent Funds 1 °
City 416,071 440,217 440,217 (440,217)
County 262,489 275,102 275,102 (275,102)
Sales of Purchased Properties: Projects °
Peach Ulbrella Plaza I 17 I 303,500 I 303,500 ( 303 , 500 )
Downtown Mixed Use 20 275,000 275,000 (275,000)
* Block 76: Parking - City Bonds 21 ° 454,689 454,689 (454,689 )
Block 60: Redev. 30 ° ° °
Block 60: Parking 30 ° ° °
Block 61: Redev. 31 ° °
Tenneco (8th St.): Redev. 32 ° ° °
Affordable Housing 19 90,865 225,000 225,000 (225,000 )
Reilburse.ents: Projects ° °
Bankers Row 7 34,500 3,250 3,250 (3,250 )
* Subsidized Loans: Grants 14 ° 0 ° ° 0 ° °
Affordable Housing: Grants 11 181,500 181,500 (181,500 )
Site Developlent Assistance 15 16,000 ° ° 0
Peach Ulbrella I Facade Loan 17 2,529 0 0 0
Peach Utbrella Parking 17 50,000 0 ° 0
Block 60: Historic HOles 30 279,500 60,000 60,000 ( 60 ,000 )
Proceeds from Borrowing: Short-Tert 2 65,000 ° 0
TE Proceeds frol Bond Borrowing:Tax-Exetpt 2 1,500,000 800,000 800,000 (800,000 )
TA · . . . :Taxable 700,000 ° ° 0
Property Revenue, Net Sch. A 21,769 41,665 41,665 (41,665)
Interest Earned 3 20,845 1,824 16,643 2,378 20,845 (20,845)
4 0 0
Other Incole (W.Atlantic, etc.) 4 29 1,000 1,000 (1 ,OOD)
-------- -------- -------- -------- -------- -------- -------. --------
TOTAL SOURCE OF FUNDS 3,459,597 715,319 968,928 816,643 580,878 3,081,769 o (3,081,769)
APPLICATION OF FUNDS HISTORICAL
Debt Service TO 93/94
City of Delray Beach 5 1,676,304 0 ° ° 0 0
Bond BOTTowing 2 24,067 273,950 ° 0 273,950 (273,950 )
Short-ter. Bank Borrowing 2 65,000 ° 0 0 0 0
Other BOTTowing ° 0 0 ° ° 0
Operating Reserve 150,000 50,000 ° 0 0 50,000 (50,000 )
Issuance Costs of Borrowing 2 64,013 ° ° ° 0 0 °
-------- -------- -------- -------- -------- -------- -------- --------
Subtotal Debt Service 1,979,384 323,950 ° ° ° I 323,950 ° (323,950)
Fund: Project Expenses (* = Contingencies, C = Co.tittents)
TA C Old School Square 6 43,743 ° ° 43,743 43,743 ( 43 ,743 )
TE C Bankers Row 7 76,326 ° ° ° ° ° °
TE C Hunicipal Tennis Center 8 1,238 ° ° 46,780 ° 46,780 (46,780 )
TE Downtown Core I.prove.: Bridge Tndr 9 29,526 ° ° ° ° ° 0
TE C Park.lAlley 10 75,738 ° ° ° ° ° °
TE Dntn .Jt. Ven.11 115,800 0 ° 40,000 0 40,000 ( 40 ,000 )
Oper Pine.Gr.Hain12 ° 0 0 10,000 0 10,000 (10,000 )
Ri verwal k 13 ° ° ° ° 10,000 10,000 (10,000 )
TEA Historic Facade Prograt 12 25,240 ° ° ° 0 0 °
TA C CRA Subsidized loan Progra. 14 165,819 57,000 43,000 ° 0 100,000 (100,000 )
TEA C Site Development Assistance 15 22,316 0 ° ° ° ° °
Oper COtlunity Activities Sponsorship 16 8,225 10,000 ° ° 0 10,000 (10,000 )
TA Peach Utbrella Plaza I: A & D 17 69,651 ° ° ° 317,635 317,635 (317,635)
TE Peach U.brella Plaza I: Parking 17 1,914 ° ° 154,000 ° 154,000 (154,000 )
TA Downtown Anchor w/ Parking 18 6,745 ° 0 10,000 0 10,000 (10,000)
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DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY - Page 2 TIF OTHER $ BORROWING BUDGET: : TOTAL ACTUALS
COMBINED BUDGET FOR FISCAL YEAR 10/1/93-9/30/94 HISTORICAL BUDGET BUDGET TAX-EXE. TAXABLE : BUDGET TO DATE
ITEH HOTES TO 93/94 I 94/95 0 VARIANCE
------- ------.. ------- -----..- ------- ------- ------- ------- -------
OperC Affordable Housing: 2nd Mtgs 19 28,856 0 180,000 0 0 180,000 (180,000 )
Oper Affordable Housing: A & 0 19 20,800 0 231,000 0 0 231,000 (231,000 )
TA Downtown Mixed Use: A & D 20 23,415 0 0 0 180,000 180,000 (180,000 )
TE * Block 76 Par ki ng 21 1,213 0 454,689 (1,689 ) 0 453,000 (453,000)
TA Block 76 Redev. 21 I 0 0 0 0 0 0 0
TE S.County Courthouse: Expansion . 22 3,262 0 0 0 0 0 0
TE Prop.Renov. 22 130 0 0 33,000 0 33,000 (33,000)
TE predevelop.ent Planning 21,000 0 0 15,000 0 15,000 (15,000)
TE W.Atlantic Ave.Redevelop.ent Plan 12,123 0 0 55,000 0 55,000 (55,000)
TE Master Parking Progra. 28 425 0 0 0 0 0 0
Delray Beach Trolley 3,649 0 0 0 0 0 0
1A Business Develop.ent Progral 29 155 0 0 0 o I 0 0
TA Block 60 Redevelop.ent: A & D 30 6,070 0 0 0 0 0 0
TE Block 60 Par ki ng 30 3,064 0 0 153,000 0 153,000 (153,000 )
TE/GRA Block 60 Historic HOles 30 0 0 60,000 50,000 0 110,000 (110,000 )
TA * Block 61: A & D 31 4,500 0 0 0 0 0 0
TA Salaries: Project-related 0 5,000 0 0 0 5,000 ( 5 ,000 )
Project Legal Fees 28,625 15,000 0 0 o I 15,000 (15,000 )
Project Blues, Plans, etc. 3,321 5,000 0 0 0 5,000 ( 5 ,000 )
-------- -------- -------- -------- -------- -------- -------- --------
Subtotal Project Expenses 802,889 92,000 968,689 565,091 551,378 2,177,158 o (2,177 ,158)
General & Ad.inistrative ACTUALS 93/94
Salaries 33 160,348 164,864 164,864 (164,864 )
Benefits - Pension, Other 6,152 6,293 6,293 (6,293)
Conferences, Se.inars 1,500 1,500 1,500 ( 1,500 )
Dues, Fees & Subscriptions 2,000 1,500 1,500 (1,500 )
Entertain.ent & 1ravel 7,500 5,000 5,000 (5,000 )
Insurance - Health 7,006 6,664 6,664 (6,664)
- Other 5,500 9,303 9,303 (9,303)
Maintenance & Repairs 2,500 2,500 2,500 ( 2 ,500 )
Hiscellaneous 34 500 500 500 (500 )
Office Equipment, Furniture 2,500 2,500 2,500 ( 2 ,500 )
Office Expenses 35 7,500 7,500 7,500 ( 7 ,500 )
Professional Fees - Audit, Acctg. 6,800 9,800 9,800 (9,800 )
- Bookkeeping 20,800 20,800 20,800 (20,800)
- Legal 15,000 15,000 15,000 (15,000 )
- Legislative 36 12,500 12,500 12,500 (12,500 )
- Other: Grants,etc. 7,500 25,000 25,000 (25,000)
Public Relations 37 7,500 5,000 5,000 ( 5 ,000 )
Rent - Office 9,834 4,180 4,180 (4,180)
Rent - Equip.ent 4,446 5,001 5,001 (5,001 )
Taxes - Payroll 12,883 13,443 13,443 (13,443)
Telephone & Utilities 7,500 9,000 I 9,000 ( 9 ,000 )
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-------- -------- -------- -------- ________ I -------- -------- --------
Subtotal General & Ad.inistrative Exp. 307,769 327,848 0 0 I 327,848 0 (327,848)
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-------.. -------- -------- -------- ________ I -------- -------.. --------
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TOTAL APPLICATION OF FUNDS 3,090,042 743,798 968,689 565,091 551,378: 2,828,956 o (2,828,956)
-------- -------- -------- -------- -------- -------- -------- --------
SUBTOTAL FUND SOURCES IN EXCESS OF APPLICATIONS 369,555 (28,479) 239 251,552 29,500 : 252,812 0 (252,812 )
+/- Cash Balance, Beginning of Year 38 258,359 43,530 0 121,500 261,600 : 426,630 426,630 0
Other: Acquisitions,Payables, etc. (10,000 ) I 0 0 0
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-------- -------- -------- -------- -------- -------- -------- --------
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617,914 15,051 239 373,052 291,100 : 679,442 426,630 (252,812)
Less bond-related cO.litted funds * * * : (664,152 )*
I --------
TOTAL NET OPERATING FUNDS I 15,290
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DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY APPROVED ACTUALS
FISCAL YEAR BUDGET: 10/1/94-9/30/95 ACTUAL
EXPENSES TIF BUDGET TO DATE
SCHEDULE A - PROPERTY ACCOUNT 93/94 1994/95 0
----------------------------- -------- -------- --------
REVENUES
Property Rental I 40,324 76,680
Property Tax Rei.burse.ent 8,307 5,000
Sales Tax Rei.burse.ent 2,109 3,089
Interest 68 150
C.A.M. Rei.burse.ent (Kwik Stop, Laundry) 0 5,440
-------- -------- --------
TOTAL REVENUES 50,808 90,359 0
PROPERTY EXPENSES
Advertising 48 0
Bad Debts 0 0
C.A.M. (KNik Stop, Laundry) 0 5,440
Insurance 8,649 5,482
Legal Fees ( 294 ) 0
Maintenance, Repairs & Trash 3,719 9,000
Managelent Fees 264 3,500
Miscellaneous 95 200
Property Ilprovelents 2,190 7,500
Taxes: Property 10,560 10,560
: Sales 1,699 3,012
Util i ties 2,109 4,000
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TOTAL EXPENSES 29,039 48,694 0
SUBTOTAL REVENUES IN EXCESS OF EXPENSES 21,769 41,665 0
t/- Other
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TOTAL REVENUES IN EXCESS OF EXPENSES 21,769 41,665 0
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