CRA (Community Redevelopment Agency) adopted a $5.96 million FY2021-2022 budget and five-year work program, and inked a $25,000 annual MOU with New Port Richey Main Street.
6 items on the agenda · 4 decisions recorded
On the agenda
- 1Call to Order - Roll Call▶ 0:00
- 2
Approval of August 17, 2021 CRA Meeting Minutes
approvedThe CRA Board approved the August 17, 2021 CRA meeting minutes.
- motion:Approve the August 17, 2021 CRA meeting minutes. (passed)
▶ Jump to 0:16 in the videoShow transcriptHide transcript
Auto-transcript · machine-generated, may contain errors
[00:00:16] Next item on the agenda is approval of the August 17th CRA meeting minutes. [00:00:22] Move for approval. [00:00:23] Second. [00:00:24] Any discussion? [00:00:25] Hearing none, all those in favor, please signify by saying aye. [00:00:30] Opposed, like sign. [00:00:31] Motion passes.
This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.
- 3.a
Purchases/Payments for CRA Board Approval
approvedon consentThe CRA Board approved a consent agenda item for two purchases/payments exceeding the City Manager's $25,000 budgetary authority, both related to previously approved CRA grant programs.
- motion:Motion to approve the consent agenda item for purchases/payments for CRA Board approval. (passed)
▶ Jump to 0:33 in the videoShow transcriptHide transcript
Auto-transcript · machine-generated, may contain errors
[00:00:33] Next, we have one consent agenda item, which is purchase payments for the CRA board approval. [00:00:42] We have two items listed on the consent agenda. [00:00:48] We don't typically have a consent agenda on the CRA agenda, which may be why there's a delay in making a motion. [00:00:57] We typically will pass these on on your regular agenda, but since we're having regular CRA agenda, we wanted to put them on actually on the CRA agenda. [00:01:10] And the reason they are on is because they are for $25,000, and that exceeds my budgetary authority. [00:01:18] And they are for grant programs that are approved by the CRA already. [00:01:25] Move for approval. [00:01:26] Second. [00:01:28] Any discussion? [00:01:30] Hearing none, all those in favor, please signify by saying aye. [00:01:33] Aye. [00:01:34] Opposed, like sign. [00:01:36] Next is resolution 2021-57, approval of the fiscal year 2021-2022 CRA operating budget and capital projects.
This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.
- 4
You arrived here from a search for “FY2021-2022 CRA Operating Budget” — transcript expanded below
Resolution No. 2021-57, Approval of FY2021-2022 CRA Operating Budget & Capital Projects
approvedThe CRA Board adopted Resolution 2021-57, approving the FY2021-2022 CRA operating budget and five-year work program totaling $5,963,210. Revenues include county TIF, American Rescue Plan Act funds, a state small matching grant, Hacienda land sale proceeds, and a general fund TIF transfer. Expenditures cover personnel, redevelopment incentives, capital projects, and debt service transfers.
Ord. Resolution No. 2021-57
- motion:Motion to approve Resolution 2021-57 adopting the FY2021-2022 CRA operating budget and five-year work program. (passed)
Central Orange PartnersCommon Own GrandHotel at Kaiser UniversityMain Street LandingNewport Richey Main Street, Inc.Widow FletcherAltmanMr. SpeecePeters2016 Refunding2020 Parking Garage debtAmerican Rescue Plan Act fundsDowntown Area ImprovementsFY2021-2022 CRA Operating BudgetFive-Year Work ProgramHacienda land saleMarine Parkway Pedestrian BridgeProperty AssemblageResolution No. 2021-57State Small Matching GrantTax Increment Funding (TIF)U.S. 19 Main Street Gateway Project▶ Jump to 1:37 in the videoShow transcriptHide transcript
Auto-transcript · machine-generated, may contain errors
[00:01:45] This is resolution number 2021-57, a resolution of the city of New Port Richey, Florida, community redevelopment agency, a public body corporate and [00:01:54] politic adopting the 2021-2022 operating budget. [00:01:58] Adopting the 2021-2022 five year work program for the community redevelopment agency of the city of New Port Richey, Florida, and providing an effective date. [00:02:07] In that regard, Mr. Speece has prepared a PowerPoint. [00:02:12] Good evening. [00:02:15] So tonight before you is a resolution, as you know, to adopt the fiscal year 2021-2022 proposed budget for the community redevelopment agency. [00:02:24] In August, a proposed budget was presented through a work session and discussed. [00:02:33] And since then, we haven't made any changes to what was originally presented. [00:02:37] So what's being proposed tonight and recommended for adoption is exactly what was presented to you last month. [00:02:48] And so in total, the proposed budget is $5,963,210. [00:02:56] And what we have before you now are the revenues that make up that amount and the sources of funding for the CRA. [00:03:06] There's a couple of or a few items that I want to point out. [00:03:10] You'll see that the first revenue source is tax increment funding from the county, which is proposed at $2,160,370. [00:03:21] And that was formulated using the county's operating millage of 7.6076 mills. [00:03:29] The next line item is American Rescue Plan Act funds, which we're proposing at $1,175,000. [00:03:39] And those funds are to be used to cover downtown development area improvements and business assistance grants. [00:03:49] And those will be presented later on the expenditure side. [00:03:53] Second or third is our state small matching grant at $25,000. [00:03:58] And that grant is used or will be used to cover some of the costs of a master plan. [00:04:05] At $85,000, we have proposed to use the surplus land sales for the Hacienda. [00:04:13] So that is the second installment payment from our developer to purchase the Hacienda. [00:04:20] So we're going to use that to balance our budget. [00:04:24] And then the CRA will also receive a transfer from the general fund of its TIF at $2,413,790. [00:04:35] And that was calculated using the proposed or the adopted millage now of 8.5 mills. [00:04:43] And then finally, there was $104,050 of reserves that has been used to balance the budget. [00:04:54] And those reserves come from projects that weren't completed in fiscal year 2021 that are due to be completed next year. [00:05:05] So we've rolled that into the budget. [00:05:11] So the previous slide were the revenues. [00:05:16] And so now we're going to go over the expenditures and how we're going to spend that money. [00:05:20] And the first category is personnel services, totaling $117,050. [00:05:27] And it covers the salary and benefits for a full-time marketing manager and 25% of the city manager's time. [00:05:38] You'll see that displayed to the right. [00:05:42] The next category is operating expenditures, and that totals $1,599,250. [00:05:52] And you'll see that the largest item in this category are our redevelopment incentives, and it totals $1,376,750. [00:06:07] And some of those incentives that we propose to pay out next year will go to Central Orange Partners, Main Street Landing, [00:06:17] Widow Fletcher, Common Own Grand, Hotel at Kaiser University. [00:06:22] It's a proposal at this point. [00:06:23] Yes. [00:06:25] And then business assistant grants or loans to businesses throughout the city. [00:06:34] The next category are our capital projects, and you'll see that $1,455,000 will be obligated to the following projects. [00:06:47] Downtown area improvements, property assemblage, the U.S. 19 Main Street Gateway Project, and then Marine Parkway Pedestrian Bridge. [00:07:00] And our final category are transfers. [00:07:04] And in total, we have a total, I'm sorry, in total, there are transfers of $2,791,910. [00:07:13] And the breakout is listed here with $267,790 going to the general fund to cover administrative services, [00:07:24] $619,310 to cover a loan repayment, and then $1,904,810 to cover debt service requirements. [00:07:36] And you'll see that the debt that that covers is from the 2016 refunding and the 2020 parking garage. [00:07:47] And so I will take questions and then ask that resolution be adopted. [00:07:51] Any questions? [00:07:54] I'll open up for public comment if anyone wishes to address the CRI. [00:07:58] Seeing no one come forward, I'll bring it back. [00:08:01] Move for approval. [00:08:02] Second. [00:08:03] To the maker? [00:08:04] Nothing. [00:08:04] The second? [00:08:05] No. [00:08:06] Mr. Altman? [00:08:07] Yes, just I had mentioned to you at the first reading that I had some issues and questions that I was going to get resolved so as not to have to make them publicly. [00:08:18] And I have had that discussion with the city manager and the finance director. [00:08:23] There are a few issues that they're working on which are to which I'm satisfied to have heard the answers. [00:08:33] Mr. Peters? [00:08:35] Yeah, so, you know, it's the American Rescue Funds really brings in some funds to the CRA here. [00:08:43] We'll know that's going to be available this year and next year and then it goes away. [00:08:48] And, you know, the debt repayment is something that's going to be here for still years to come, but it does take a chunk of this CRA budget each and every year. [00:09:01] So sometimes what appears to be a lot of money doesn't always create doesn't always equal at the end a lot of money. [00:09:12] So I think it's important we still take a look at this and use it wisely. [00:09:18] And I particularly like to see us use that for our business development within the community and within the city as that will in turn obviously build our property values and our other taxable income for years coming. [00:09:38] So it's interesting. [00:09:42] Looks good. [00:09:44] There's no further discussion. [00:09:45] All those in favor, please signify by saying aye. [00:09:48] Aye. [00:09:49] Opposed? [00:09:49] Like sign. [00:09:50] Motion passes. [00:09:51] Next is an MOU with New Port Richey Main Street, Inc.
This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.
- 5
Memorandum of Understanding with New Port Richey Main Street, Inc.
approvedThe CRA Board approved a Memorandum of Understanding with New Port Richey Main Street, Inc., a 501c3, to administer the Main Street Program using a four-point approach (organization, design, promotion, economic vitality). The CRA will provide $25,000 annually, paid quarterly at $6,250 contingent on compliance with program requirements and quarterly reports.
- motion:Authorize entering into a Memorandum of Understanding with New Port Richey Main Street, Inc. for administration of the Main Street Program. (passed)
New Port Richey Main Street, Inc.Mr. MurphyMr. UllmanMs. MannsFour-Point Approach (organization, design, promotion, economic vitality)Main Street Program▶ Jump to 9:53 in the videoShow transcriptHide transcript
Auto-transcript · machine-generated, may contain errors
[00:09:54] Ms. Manns? [00:09:55] Yes, sir. [00:09:56] Mr. Mayor, the request before you is to enter into a memorandum of understanding with New Port Richey Main Street, [00:10:05] which memorializes just the terms of the agreement relating to the administration of the Main Street Program, [00:10:13] which is with New Port Richey Main Street Program, [00:10:18] which is a 501c3 and calls for them to administer a four point approach program based on the concepts of organization, [00:10:31] design, promotion, and economic vitality. [00:10:35] They're required to submit quarterly reports on those program functions. [00:10:43] And for doing so, the CRA supports them in the amount of $25,000 for their program expenses. [00:10:56] And we pay them on a quarterly basis $6,250 if they comply with their program requirements. [00:11:06] And to date, they have been a good program partner. [00:11:10] And we're recommending that we continue our relationship with them and recommend that you authorize us to enter into the memorandum of understanding. [00:11:21] Open it up for public comment. [00:11:24] Seeing no one come forward, bring it back to the board. [00:11:27] Move for approval. [00:11:29] Second. [00:11:29] To the maker. [00:11:30] I just think the program in eight years that I've been here has slipped and then grew again and slipped. [00:11:37] And I think it's on the right path right now. [00:11:40] So I'm looking forward to more things that they'll be doing. [00:11:43] Second. [00:11:44] So, yeah, it's interesting to keep in mind that we do fund this to the tune of $25,000 a year. [00:11:51] And part of what they're charged with is to develop and create their own source of income to help support themselves. [00:11:58] So we have to understand that the money that we provide is not their entire budget. [00:12:04] And that they also do activities in order to generate funds to carry out their purpose. [00:12:16] Mr. Ullman? [00:12:17] No, sir. [00:12:18] Mr. Murphy? [00:12:19] No, I'm good. [00:12:21] Well, I wish them well and hope we see lots of good things coming out of them this coming fiscal year. [00:12:27] There's no further discussion. [00:12:28] All those in favor, please signify by saying aye. [00:12:30] Aye. [00:12:31] Opposed, like sign. [00:12:33] Motion passes. [00:12:34] At this point, I would ask if Ms. Manns, do you have anything for us?
This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.
- 6Adjournment▶ 12:36