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   ↳You arrived here from a search for “FY2020-2021 CRA Operating Budget” — transcript expanded below

   Resolution No. 2020-49, Approval of FY2020-2021 CRA Operating Budget & Capital Projects

   approved

   The CRA Board approved Resolution 2020-49 adopting the FY2020-2021 CRA operating budget and five-year capital work program, with revenues of $12,565,740 including $6.5M in bond proceeds for the City's parking structure. Several line-item adjustments were made from the first draft, including increases for parking garage operations and the US 19 Main Street Gateway Project, and reductions to tax rebate and debt service transfers.

   Ord. Resolution No. 2020-49

   • motion:Approve Resolution 2020-49 adopting the FY2020-2021 CRA operating budget and five-year capital work program. (passed)

   📍Grand Boulevard📍Nebraska Avenue parking lot📍Sims Park Perimeter Landscaping📍US Highway 19 Main Street Gateway Project🏢Hacienda👤Mr. Allman👤Mr. Murphy👤Mr. Rudd👤Ms. Manz#2020-2021 Five-Year Work Program#Account 43499 Contractual Services Miscellaneous#Account 46352 Tax Rebate Program#Account 46399-10 Sims Park Perimeter Landscaping#Account 46399-7 Neighborhood Revitalization#Account 46399-9 US Highway 19 Main Street Gateway Project#Account 49151 Transfer to General Fund Repayment#Account 49152 Transfer to General Fund Debt Service#City parking structure bond proceeds#FY2020-2021 CRA Operating Budget#Penny for PASCO#Resolution 2020-49

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   [00:00:17] Resolution 2020-49. [00:00:19] This is resolution number 2020-49, a resolution of the City of New Port Richey, Florida [00:00:24] Community Redevelopment Agency, a public body, corporate, and politic [00:00:28] adopting the 2020-2021 operating budget, adopting the 2020-2021 five-year work program [00:00:35] for the Community Redevelopment Agency of the City of New Port Richey, Florida and providing [00:00:40] an effective date. [00:00:42] Thank you. Ms. Manz. Sure. As indicated by the City Attorney, the purpose of this agenda [00:00:48] item is to approve both the operating budget and the capital budget for the Community Redevelopment [00:00:55] Authority. Revenues for next year's CRA budget are in the amount of $12,565,740. The largest [00:01:11] contributor to that is the City, and it comes in the form of a transfer from the City's [00:01:18] General Fund in the amount of $1,858,660. Next being the County in the amount of $1,615,980. [00:01:34] This year's budget is elevated in comparison to the actuals from previous years, and I'll [00:01:46] point out to you that that is the result of the fact that we have included bond proceeds [00:01:54] in the amount of $6,500,000 for the City's parking structure. And with that, Mr. Rudd [00:02:01] is prepared to present the projects. [00:02:04] Thank you. Mr. Rudd. Thank you. I'm going to go over, there were just a few changes [00:02:08] from the first time we went over the budget with you, and I'm going to point those out [00:02:11] to you. If you look on item number 43499, Contractual Services Miscellaneous, we increased [00:02:20] that by $65,000 to cover three to four months of the parking garage operations. It'll be [00:02:27] operational. It's the first page of the expenditures. Oh, in your booklet, it is page 203 in the [00:02:36] large booklet. We anticipate that the garage will be up and running before the end of the [00:03:03] fiscal year. And then if you go down to the top of the bottom section, 46352, Tax Rebate [00:03:13] Program, we lowered that by $102,400, which is a more accurate estimate of those payments. [00:03:23] And then finally, at the bottom of that same section, 46399-7, Neighborhood Revitalization, [00:03:32] we increased that by $25,000. Item number 46399-9, that's the US Highway 19 Main Street [00:03:41] Gateway Project, we increased that by $120,000 to $200,000. And then the 46399-10, Sims Park [00:03:53] Perimeter Landscaping, we reduced that to $75,000. And then finally, on the next page, [00:04:03] under the Debt Transfer to General Fund, Debt Service Fund, which is, I'm sorry, the repayment, [00:04:13] 49151, Transfer to General Fund Repayment, we brought that down by almost $134,000. We [00:04:22] recalculated that to spread over the new life of the extension of the CRA. And then [00:04:28] item 49152, Transfer to General Fund Debt Service, that was reduced by just over $62,000, [00:04:37] which was just a recalculation, a more accurate estimate of that payment. And those are all [00:04:45] the changes from the first draft. [00:04:48] Thank you. This is a public hearing and public comment would be welcome. Do we have anything [00:04:52] electronically? [00:04:54] I have no comments. [00:04:55] Thank you. Anyone in the audience? Seeing no one come forward, bring it back to the CRA [00:05:02] board for approval. [00:05:06] Second. [00:05:07] Thank you. To the maker. [00:05:09] Sounds like you brought it down, that's good to me. [00:05:11] Second. [00:05:12] No comments right now. Thank you. [00:05:14] Mr. Allman. [00:05:15] Yes, I am happy. I think I see the parking lot improvements in the CRA, the Nebraska [00:05:23] Avenue parking lot improvements. Was that a move from the Penny for PASCO or was it [00:05:29] always here? I'm not sure, but probably it's a good thing. [00:05:32] So I don't recall the funding source. Was that Penny for PASCO or CRA? It's in Penny [00:05:39] for PASCO now, moving forward. [00:05:41] But it's listed here as part of our budget, right? So that's going to be either a [00:05:45] transfer in or? [00:05:49] It's not listed. It's here because it was, it was, it originally was budgeted in the [00:05:54] CRA in previous year, but we've moved it to the capital improvement fund. [00:05:58] So it's not in the budget. You've moved it out of there. So that'll be one item that [00:06:03] when it does come ripe and ready to go, and hopefully we can still have more discussion [00:06:09] on the development pattern out there within a timely manner so that we can meet the needs [00:06:14] of the hacienda and understand the concerns. But that's, that's one project I'd like [00:06:19] to have more discussion on before we go out to bid. [00:06:23] And that was the one I was thinking of when I made the comment about the interest rates. [00:06:27] Mr. Murphy. [00:06:28] Is the, is the Grand Boulevard on here or is that a different? [00:06:34] That's under capital. [00:06:35] Is that under capital? [00:06:36] Parking? [00:06:37] Okay. [00:06:38] No, the, the redo, redo of the, the road. [00:06:39] That's in the capital improvement fund. [00:06:40] Okay. No, I'm good. [00:06:41] Any further discussion? Hearing none, all those in favor, please signify by saying aye. [00:06:42] Aye. [00:06:43] Aye. [00:06:44] Opposed, like to sign. Motion passes. CRA communications, Mr. Murphy. [00:06:45] Aye. [00:06:46] Aye. [00:06:47] Aye. [00:06:48] Aye. [00:06:49] Aye.

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3. 3Communications▶ 6:50
4. 4Adjournment▶ 12:20