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Agenda 08-18-05 COMMUNITY REDEVELOPMENT AGENCY Workshop Meeting Thursday, August 18th, 2005 CRA Conference Room 107 639 E. Ocean Avenue Boynton Beach 6:30 P.M. I. Call to Order II. Roll Call III. Approval of the Agenda IV. New Business A. Consideration of the eRA 2005/2006 Budget . Update BBB/Promenade Design/Build Project . Staff Presentation of Budget . Board Direction IV. Adjournment Annette's Shares X:ICRA AgendalCRA Agendas 2005ICRA Agenda Workshop August 18, 2005.doc Any person who decides to appeal any decision of the Community Redevelopment Board with respect to any matter considered at this meeting will need a record of the proceedings and for such purpose 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. The CRA shall 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 CRA. Please contact Douglas Hutchinson at 561-737-3256 at least twenty-four hours prior to the program or activity in order for the CRA to reasonably accommodate your request. '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\" '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ '\ , , , , '7 Members -' 4 Yr. Terms Ordinance No. 000-69 (Changed from Commission to independent board) I COMiMUNITYREDEVELOPMENT AGENCY - 2005 I LAST NAME FIRST EXPIRES ADDRESS PROFESSIONAL NAME ASSOCIATION Sa rretta James 1/10/08 209 N. Seacrest Blvd. # 1 Architect ~ BOYNTON BEACH 33435 (561) 740-0041 DeMarco Alexander 6/20/06 10817 QUAIL COVEY RD Arvida Realty \ BOYNTON BEACH 33436 901 N Congress Ave - Ste. B-102 (561) 732-6789 Boynton Beach, FL 33426 (561) 736-2400 Ext. 107 Fax (561) 736-1560 cristale@bellsouth.com Fenton Don 1/10/06 2556 SW 23RD Edward Jones & Company f CRANBROOK DR 901 N Congress Avenue, Ste 0-101 BOYNTON BEACH 33436 Boynton Beach, FL 33426 (561) 737-0793 (561) 737-1442 Fax (561) 364-1536 Heavilin Jeanne 1/10/09 PO BOX 243693 (734 NE Saletish Realty Chair 9TH AVE) 532 E Ocean Avenue f BOYNTON BEACH 33424 Boynton Beach, FL 33435 (561) 731-4474 (561) 738-6613 Fax (561) 738-7911 jheavilin@msn.com Horenburger Marie 6/20/08 3020 PINE TREE LANE Business Consultant ~ BOYNTON BEACH 33435 Fax (561) 733-0034 (561) 733-0041 nhorenburger@cs.com Myott Steve 1/10/09 3012 FERNWOOD DR Vice President, Commercial Division \ BOYNTON BEACH FL Quincy Johnson Architects 33436 949 Clint Moore Road (561) 736-3564 Boca Raton, FL 33487 561-997-9339 X31 Tillman Henderson 1/10/09 54 BENTWATER CIRCLE Spanish River High School Vice Chair ~ BOYNTON BEACH, FL 5100 Jog Road 33426 Boca Raton, FL 33496 (561) 965-6776 (561) 241-2200 Ext.2540 6 S:\CC\WP\BOARDS\LISTS\CRA Board.doc - 04126/2005 CITY CLERK'S OFFICE CITY CLERK'S OFFICE HURRICANE PREPAREDNESS (rev 06/29/04) 24 HOURS - WARNING In the event a hurricane warning is issued for this area during normal working hours, ALL EMPLOYEES are responsible for the following procedures: Visaueen and/or heavy-duty aarbage bags will be used to protect office supplies/ eauipment. · Loose papers or file folders should be removed from desktops and placed inside desks or files. · All equipment/computers should be properly turned off, unplugged from wall sockets and moved away from windows. Cords should be wound up and tied prior to wrapping and storing together. . Wrap/tape computer printer. · Heavy-duty garbage bags should be used for equipment wrapping purposes wherever possible. · Visqueen will be reserved for protection of central file contents. · Use garbage bags or plastic covering and masking tape to secure to all mailroom equipment, 3M-microfilm reader/printer and tape-copying machine. · The control panel portion of the Xerox machine should be wrapped in plastic and taped securely. · The department mailboxes should be wrapped in plastic and taped securely. . Properly turn off typewriters and microfilm reader. · Wrap/tape typewriters and microfilm reader and unplug. · Wrap/tape subdivision map organizer cabinet. · Wrap/tape Canon PC-80 microfiche reader/printer. . Wrap/tape retrix cabinet. · Wrap/tape abandonment/rezoning/annexation indexes and microfilm log. · Wrap/tape microfilm. These should be replaced in microfilm file cabinet. Visqueen should be applied to outside of file cabinet. . Wrap/tape all file cabinets with Visqueen. · Tape plastic covering over open face of City Clerk's two bookcases. · Wrap/tape Cemetery record card catalogs in garbage bags or plastic. · Roll or fold cemetery maps into one stack. Put maps and green cemetery records books into garbage bags, plastic or Visqueen. · Wrap/tape securely mausoleum books and records in garbage bags, plastic or Visqueen. · Remove any documents that may be on file cabinets. These items should be filed appropriately or put in empty file cabinet drawers labeled properly. · Plastic storage boxes containing computer disks should be placed in garbage bags and placed in overhead cabinet. THE FOLLOWING IRREPLACEABLE ITEMS SHOULD BE WRAPPED SECURELY AND PLACED ON HIGH SHELVES IN THE CITIZEN SERVICES VAULT: I. All original Resolution and Ordinance books 2. All original City Commission, Planning and Development Board, and Board of Adjustment minutes books 3. Resolution and Ordinance indexes 4. Abandonment/rezoning/annexations indexes 1 5. Microfilm log 6. Board of Adjustment Petitions log book 7. Old 1958 Code Book 8. Bond Registration log book THE FOLLOWING ITEMS SHOULD BE WRAPPED SECURELY AND PLACED AS HIGH AS POSSIBLE IN THE CITY CLERK'S CLOSET: ] . Large zoning maps and City District maps 2. Old City Commission minute indexing card files 3. Department procedure book, black microfilm index book and microfilm card 4. Lien record/account card books. If a hurricane warning is issued during non-working hours, you will be notified whether your services will be required at City Hall. If you are in need of information, you may try the direct line to our office (742-6060 or 742-6061), or call 369-5053 (Janet Prainito) or 436-2826 (Cell Phone). LANDFALL All personnel, except those designated to be at an EOC, will remain home during the storm. ALL CLEAR - RECOVERY Once the "All Clear" has been given (use the employee hotline phone number 561-742- 6445), employees should to report back to work when instructed to do so. Employees will remove all Visqueen and restore all items to their proper location and working condition. If the normal work site is inaccessible, the employee should report to work at the alternate work site location designated by the City. ADDRESS 281 Meadows Drive Bo nton Beach, FL 33436 1717 Boynton Bay Court Bo nton Beach, F: 33435 1113 SW 15 Street Bo nton Beach, FL 33426 4 Walcott Drive Bo nton Beach, FL 33426 1720 Banyan Creek Court Bo nton Beach, FL 33436 8294 Bermuda Sound Way Bo nton Beach, FL 33436 383 SW 27 Ave. Bett L. San i Delra Beach, FL 33445 278-6929 S:\Emergency Preparedness & Disaster Recovery\City Oerk\HURRlCANE PREPAREDNESS-Rev. 05-31-05.doc NAME Susan Collins Velma Miller Barbara Madden Jackie Manno Janet Prainito Jud P Ie 2 PHONE # NEXT OF KIN 968-7992 Ian Schmidt son Colin Miller (son) 847 215-0308 John E. Madden souse 740-3069 731-5724 649-2397 369-5053 364-7640 Pi'.),..! .. ....;... T'i.JE:ii. .81'... ~':'.. "'., i;: tT ''''?" ' "" '," ",. .""" of' the , " . ')I' ~ . , , , - , - Ahoy J mate!:;: ~; ~ ..., , WELCOME TO BOYNTON BEACH'S "PIRATES o/the INTRACOASTAL!!" ..' oiVNTON BE A 'C' tr . .1.- ,tfJt, , "0 '" . \ VI/'w":,, ", 'j.. }!!:- .. ~ ,,;/ i I ,~ I \ f)IRAT'E. 'S-'< ... ..... ~ivl'ltA COAS'f 1\.\..; Promotions, festivals, and events are integral to the redevelopment efforts of Boynton Beach, and have become a vital part of the redevelopment of many of the most successful cities. As the revitalization of our downtown takes shape, the CRA will implement a clear festival and events strategy. The main goal of this strategy is to create awareness. Included will be a series of cultural, social and holiday activities hosted at redeveloped areas within the community, providing residents and visitors a unique opportunity to utilitize Boynton Beach's beautiful new facilities. An integral element of the strategy is our relationship with the City of Boynton, and partnering with the Special Events Department. We hope to collaborate on their upcoming event, "The Pirates of the Intracoastal, " where attendees will be invited back in time to the fabled village of Port Royale, where pirates and historical characters once roamed: Dates and location: eSaturday - Sunday, October 22 -23, 2005 e Intracoastal Park el 0:00 a.m, - 8 p,m" Saturday; 1 0:00 a.m. - 5 :00 p.m., Sunday Event Information: eGated event. General Admission: $6 Seniors, $5 Children (10 years and up), Children under 10 years free. ePark will be transformed into historical village with props, pirate novelties, crafts, exhibits and costumed characters, including assorted food and beverage vendors. eSpecial fireworks display on Saturday night, presented by the Boynton Beach Recreation and Parks Dept. Police: To be coordinated with CRA Patrol Cost to CRA: $1500.00 Trollev: To be coordinated with CRA. Proposed routes include Federal Hwy. and Boynton Beach Mall. Cost to CRA: $1000.00 \lap of Boynton Beach - Bo:nton Beach.com Delray Beach Real Estate , Gain immediate free online access to thousands of local mls listings Boynton Beach Real Estate Foreclosures from $25,000 $0 down 3-4-5 bdrm homes - try a search Boynton Beach Real Estate Search all area properties for sale Get emall updates & recent sales Boynton Beach Horn Search Information Without Obll Free Realtor@ Consultatl Map of Boynton Beach W~E ~ l":l o a: al o -, ypoluxo Road QI :J C QI > c( U! U! QI ~ al C o U nton West Road West · Palm Beach >- rG ~ QI ..... rG ~ N ~ ~ i Boynton Beach Blvd. QI .lor: Q. c: ~ :J I- U! -rG ." .~ o u.. .~ ~ l- e- rG .~ Woolbright Road ::E Golf Road. S.E. 23rd Ave BOYNTON BEACH Atl O~ Delray Beach, 1 Home I Attractions I Advertising Info I Beaches I Business I Fishing I Golf I History of Boynton Beach I Hotels & Resorts I Jobs I Map I Professional Services I Nightlife I Real Estate I Relocation Guide I Restaurants I Shops I Contact: Boynton Beach.com :I ~. ~., g~ ~~ mi rJ d r- w+~ \,J I- ~ III .J <l ~ ~ ~- - -._-~-- ./'- /t--- /' - ------- - ~ ------~ ~--- -_____ A.- A ----- IV ^ Ii "'lllCrn 3':>rtr 1 Iv ^ ~ --' '> III <l r- Il ~ 0 ~ f- <l Il Il <l >- ~ ';j ~ ~ J I- Ul (L 'f ill (\ OC w Cl :l l!' ~ It' ..J 10 ill I -, $ ...J j 0 lJ i ,.. (5 -, l- II O:;i &' ..0 <}" 2 air it >- <l Ii' i-- I ------- '{J ~ '1 ~ <l i~----__ I I ~jQ -<I ~o <I~ U. ~ J ~ r ~" \l_~ .......... I J 0 , t ~~6~~' <t 'I 0, i~~~ ~~ I---~I .-/ . - --__ _ -L__ ~ - - -- -, - --- -- <:;Prf(WAY BLVD. _k FEt>ERAL t+J' '-tAl1+- t( ~ ~ o ~ it ~ <I oJ I BUILDING THE VISION Boynton Beach Community Redevelopment Agency Redevelopment Activities for 2005 I 2006 Revised, August 15th, 2005 INTRODUCTION This document frames the CRA's Redevelopment Activities. It is one of three documents that present the CRA's Planning / Regulations, CRA Redevelopment Activities and Private Sector Development Briefing. The elements presented in this document are to clarify the Redevelopment Activities of the CRA Plan. Private Sector Briefings presents the Private Sector Activities in the CRA Area. The CRA Plan is the guiding redevelopment document of the CRA. Page 2 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc Paae Content Paae 4 13 18 34 37 38 The Merging of Areas for One Downtown Boynton Heart of Boynton Area Central Business District Area Proposed Re-Phasing of CRA Project Funding CRA Budget Projections CRA Operations Page 3 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc Boynton Beach has struggled to define a label to describe our community as "the place to live". This says much about the "quality-of-life", commitment to family, safety, etc... which Boynton enjoys. Perhaps the best example of our family values is our National Champion Little League Team. Additionally, Boynton has lacked a defined "Downtown" which traditionally anchors the community's image or perceived image. However, significant elements of an urban downtown are already here. These include essential items such as "the center of City Government", post office, civic buildings, historic structures, museums, marina, parks and ethnically diverse neighborhoods. While other areas may be currently seen as the place to be in Boynton. The emerging downtown will be known as "The Place To Be." It should be clear that "Downtown" Boynton has several core nodes or hubs and is not relegated to one simple spot. The CRA has two core nodes of immediate focus. These are the Heart of Boynton (HOB) at Seacrest and MLK Blvd's and the Central Business District (CBD) (see maps). These two areas need to come to parity in attention and investment. Although the CBD has had the first private projects launched, the MLK core is about to blossom. This area is destined to be a great center and neighborhood with sizable private sector investment in large scale projects. The vision for the CRA, and specifically the two areas of discussion, has been set and revisited many times. This document gives details for the delivery of this vision. However, they have been seen as two separate areas and not as a "Downtown." Perhaps we thought that Boynton was too small to have a downtown area with several core hubs. It is time to merge and strongly link these. Page 4 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc The first linkage must be in transportation. This encompasses trolley systems, pedestrian- friendly streetscapes, vehicular street improvements and a Way-Finding Signage system. The CRA has begun 30% Streetscape Design/Build documents on the following: Boynton Beach Blvd from 1-95 to Federal Highway, Martin Luther King (MLK) Blvd. from Seacrest to Federal and Seacrest from the proposed Town Square to MLK. These key corridors, while identified in many studies, have not been moved to Design and Construction. These streetscape projects are critical from several aspects. These include the fact that each is the "Gateway" into the Downtown and activity nodes. Without these, there is no direction or linkage to redevelopment, no synergy and no momentum. Trolleys, pedestrian streetscapes and way finding signage features encourage people to live in all parts of Downtown. The new CRA trolley system ties to major retail employers in the Congress Avenue Corridor, provides linkage to regional mass transit, city services, post office, cultural elements, library and schools, which expands all citizens' access to Boynton. These trolleys will provide a lifeline for the local worker community with the highest poverty level in the City of Boynton Beach to the jobs located on Congress Avenue. Additionally, along this route are two large retirement communities, which will be served by the "Congress Avenue Trolleys." This link will provide our citizens with a transportation line to grocery stores, doctors, banks, and other businesses necessary for a good quality-of-life." Specific marketing programs are ready for implementation to deliver this new service in 2005. Advanced technology interface will afford program monitoring for performance goals. To support this quality-of-life in the Downtown, safe and clean neighborhoods need to become a priority. The CRA has addressed safety with four full-time police officers (two in each node). Staff recommends additional coordination between the two nodes to assure a "seamless" coverage area for all of Downtown. To accomplish the coverage, Staff is proposing two additional officers in the Downtown Boynton area. This brings 6 officers to patrol the two activity areas in teams. . (I; \~ @ .~ The CRA will explore the concept of creating a safe zone with direct call boxes tied to palm- pilots carried by the CRA Officers through the technology of WI-FI. Several may be equipped Page 5 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuiiding The Vision - Revised 8.8.05.doc with cameras while others will allow anonymous conversations. The CRA will post signage serving notice of the special patrol areas and enforcement. Citizens' interaction and direct response times will be greatly improved. The CRA Officers one-on-one directive will be enhanced by on the street technologies. The CRA police force effort will transcend the normal police function to engage the community on a one-on-one basis. The officers are directed to form personal ties to their areas, with both citizens (adults and children) and the business community. Cleaner neighborhoods will take a community's spirit and pride in concert with the City and CRA to effect and sustain change. Staff recommends community cleanup events that are fun to build unity and pride for streets, parks and public area. The CRA has made adjustments to its highly successful "Direct Incentive" program to broaden its effect for smaller projects. Additional changes focus on project quality, public spaces, art, architectural excellence, workforce housing, small business spaces, etc.. .This Direct Incentive Program is seen as the underwriting catalyst for the Arts Commission's goals for public art in the CRA area. The program is responsible for the first major public art elements and, with the Arts Commission alliance, a more comprehensive arts program will become a reality in all neighborhoods in the CRA. In the comprehensive Direct Incentive Program, projects are rewarded for being responsive to the communities' priorities. Promotions, festivals and events are integral to redevelopment efforts and have become a vital part of the redevelopment of many of the most successful cities. In the past, the inclusion of festival, events and promotion into the master plan of a city was not always a conscious decision on the part of city leaders for revitalization. Often, the citizens and the economic climate have demanded them and, as a result, they have taken on a life of their own. However, a clear festival and events strategy is a proven key to drive redevelopment investment. The CRA endeavors to showcase redevelopment areas as emerging markets. This will result in more consistent support and patronage of local businesses and temper the migration to neighboring cities. Evaluation of the CRA areas has revealed that the Heart of Boynton and the Central Business District are the primary activity hubs in the CRA and are the primary areas in need of events. Some challenges to these placements are the lack of needed support facilities, site logistics, city services and city resources. Page 6 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc The CRA recognizes that events are a catalyst in a city's revitalization effort and have the potential to provide significant economic impact, measured through the tracking of sales and/or business activity (both during and after the event), reinvestment in the area, job creation, hospitality activity tracking, (including room night generators) and media coverage. Festivals and events need to also address issues that go beyond economics. These are issues of image building, public perceptions, ethnic diversity, celebration and fun! The CRA will take a formal lead in the staging of designated events, festivals and promotions and is planning to add an events / festival trained and/or experienced person, devoted to the quality and success of future events. To clearly define items such as city services costs, use of City Resources (stages, lighting, and generators), use of City personnel and staff, Police / security issues, insurances, etc., the CRA will seek a formal interlocal agreement with the City of Boynton Beach on festivals and events. Events will be developed to have a consistent location to increase ease of logistical issues. This partnership with the City is critical in the delivery of quality events. The State of the CRA Event updates the public on the Public and Private Sector development, CRA programs and CRA/City projects in the CRA. It also serves as a recognition program for a job well done in the following categories: Facade Improvement Project, Best New Project, Business of the Year, Sponsor of the Year, Non-Profit group of the Year, Volunteer of the Year, Board Member Service Awards. The Community Development Forum is an interactive exchange between existing and potential CRA developers and local business owners. Attendees meet the developers and discuss the potential of their business becoming a part of new development projects. Developers get the opportunity to get to know local businesses interested in the redevelopment area. The event also serves as a platform to educate businesses about the Business Genesis Program and developers about the Direct Incentive program, which offers funds for affordable access for both residences and small local businesses. Page 7 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc Semi-annual workshops are a platform for information sharing between the CRA Board and the members of the City Commission. This workshop gives the members of the Commission the opportunity to discuss the action, goals and direction taken by the CRA. The CRA Website is an educational and marketing tool. The site averages just over 1,700 visits per month, the Calendar of Events being the most popular page with 42% of the visits. The CRA has also taken an important step in branding its website address on all promotional materials (i.e. letterhead, business cards etc.) The newsletter is a quarterly publication, distributed to approximately 17,000 businesses and residents within the CRA. Like the website, the newsletter is an educational and marketing tool that addresses CRA programs, projects, community partners and views. Guest columns are contributed by the Chamber of Commerce, City Officials, City Staff, local business owners, neighborhood associations and residents. This provides news and information to the part of the population that does not have internet access. The CRA continues to encourage self assembly of property for redevelopment. This unique process is simple in concept but complex to implement. It is the first program of its kind to voluntarily bring together neighbors to direct their own redevelopment future. As a partner, the CRA assists redevelopment that benefits existing land owners, businesses and residents. The CRA seeks to strengthen its commitment to affordable access for residential and small business. It is proposing the establishment of a Community Real Estate Trust and a City-wide Affordable Access Ordinance. The CRA is establishing an affordable . bond issue to support single family, Page 8 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.0S.doc mixed use and multifamily residential and commercial projects having significant affordable access. These elements will be linked to the CRA Direct Incentives Program to generate affordable access throughout the CRA Area and address long-term workforce housing and business space. To further enhance the economic opportunity in the downtown area, each node will be part of a WI-FI Pilot Wireless Internet Access Network. This will provide free wireless internet access to both areas and places Boynton as one of the few cities, nationally, to offer this up and coming technology. This WI-FI system provides free internet service access to resources, school programs, services, etc. System elements can support better city services, police efforts, citizen interaction and business development. These overlays of transportation, streetscapes, security, technology access and citizen engagement must be in place for Boynton to emerge with a distinctive and desirable downtown: a place where everyone will want to be. SUPPORT DOCUMENTS The CRA is completing work on several support documents which update and bring clarity of vision to the CRA Plan. These documents include a unified plan which updates and brings together several planning documents, such as the Vision 20/20, Boynton Beach Blvd. Corridor, Federal Highway Corridor, Heart of Boynton Study, Ocean District, etc. This one document will be more user friendly to better convey Boynton's comprehensive CRA plan. Design Guidelines will for the first time, present a visual representation of the CRA Plan and provide design criteria for developers, builders and architects. The guidelines will be applicable to all zoning types in the CRA, from single family R1 residential to Mixed-Use High. Existing and/or proposed documents are: · Vision 2030 Plan - Under Development . Design Guidelines - Under Development · Community Real Estate Trust- Under Development · Draft Affordable Access Ordinance- Under Development · WI-FI Wireless Technology Initiative · Town Square Comparative Analysis · Historic High School Rehab Concept Plan · Savage Creatures Feasibility Study Draft · Police Proposal for Extended Hour Coverage . Vision 20/20 Page 9 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc . Federal Highway Corridor . Boynton Beach Blvd. Corridor . Heart of Boynton Studies I & II . Ocean District Study . Genesis Small Business Program . Promotion 1. Festivals, Events, Websites, Newsletters, Marketing . Police Program 1. Recommendations for Additional Officers, Equipment, etc Page 10 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc c: ;: o ......... c: ~ o o c: o ...... c: >- o c:c :s;:.........N i ::l:) :: l>> >:E:Erog ... J.: - I:: >. >. Do. a.. 12; ..... a. :is :is l>> <~ Q,I':- EE &0. ?- i~.! J1J !!~~ jg$;.,;.?n a.. ~ "1("1( 'S! J..' i: ffl r f'? 6 "I( .e.... - - ~ e ~ "" ...f:.. .. '.". ,,' 0:: . CD CD ..... - lZ i:. ~. .g @) i7 (.) Do. (I) (I) (I) 0 ~ uw J ~ 0: v ulSlll1tlfl jj <> ~ 1,; . Page 11 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision. Revised 8.8.05.doc c ~ o ..... c ~. o Q c o - c ~ I OJ Cl - ::I o a= >- .!! "0 ~ t; ,! ~~ 4i ~ . t . Page 12 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc THE HEART OF BOYNTON The Heart of Boynton up dated study was completed in 2003 and is now beginning major redevelopment from both the Public and Private Sectors. The core of the Heart of Boynton (HOB) Plan is the CRA Phase I Redevelopment anchor at Martin Luther King (MLK) Blvd. and Seacrest Blvd. This phase addresses several major affordable access issues. To take on and manage these issues, the CRA proposes a non- profit Community Real Estate Land Trust with a nine (9) member board that would ensure not only widespread input, but also guide and/or manage setting benefit participation criteria and manage a wholly owned real estate portfolio. These members would represent the entire community: CDCs, churches, neighborhood associations, property owners, City staff and industry professionals. This Community Real Estate Land Trust concept defines how the redevelopment process addresses sustainable affordable housing and small business development. The City creation of an Affordable Access Ordinance which addresses affordable unit set asides, establishes project criteria for affordability, outlines incentives, defines density bonuses, etc will establish solid goals to be met to address affordable issues. The CRA proposes to work with the City to define design and incentive opportunities within the ordinance context to reward developer behavior. The CRA in cooperation with the City of Boynton Beach proposes an Affordable Access Bond issue to encourage several developments with affordable access percentages in the range of 10% to 40% with a target average of 25%. The projects would address affordable access issues for very low, low, low to moderate and workforce residential units and small business spaces. The projects may be configured as single family, mixed use and multifamily developments and be granted incentives based on affordable access availabilities in the project. The CRA's existing Direct Incentive Grant Program can provide additional incentives for affordable access. These programs for Boynton's affordable access are at a scale and time table to viably address many current and future needs. Although the CRA's Heart of Boynton plan focuses on a Phase I area at Martin Luther King Blvd. and Seacrest, additional opportunities have been identified. Staff recommends that Page 13 of 45 Doug's Shares N:ICRA 05 RelreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc the CRA cooperate with St. Paul's Church to anchor the Center of Phase II redevelopment on Martin Luther King. The Project moves the church complex to the north of Martin Luther King and provides the CRA with the Church's property south of Martin Luther King for linkage to the City Maintenance Facility. Connecting the +r 8 acres of City property to Martin Luther King creates another sizable redevelopment area. The CRA also would like to begin efforts to proceed with relocation of the city's warehouse and maintenance facility. This large site encourages a wide range of redevelopment opportunities Phase I and II will be connected by creating Martin Luther King improvements such as a traffic circle and a street event area. The Sara Sims Park expansion is being coordinated with the Parks and Recreation Department. The CRA is recommending that parking, landscape, active park elements, and event support facilities be designed for later construction through public/private joint ventures and foundation grant underwriting. The Boynton Terrace Project occupies a large land parcel in the HOB which can be redeveloped. It is currently located on both sides of Seacrest Blvd., just south of Martin Luther King Blvd. The CRA has approved funding for the demolition of the condemned structures and is ready to partner with the City and private sector to redevelop this site. HEART OF BOYNTON PLANNING ISSUES . Zoning Issues Final adjustments still need to take place. These include three important items which are to better define and illustrate the MLK corridor. The Mixed Use 45' and 20 units per acre zoning needs to be adopted and its exact application area defined. Additionally, an affordable access ordinance must be prepared and passed. This would add valuable density and create additional affordable units. The current zoning allows project types that are incompatible with the neighboring area and creates parking shortage issues due to a 50% reduction in required project parking. Old Suburban C1, C2, C3 and C4 zoning in this area are counter Page 14 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc productive to urban design desired for the area. Staff recommends C1-C4 commercial be updated to UCI-UC4 compatible with the mixed-use zonings. Finally, 8 lots on the West side of Seacrest between Boynton Beach Blvd. and Martin Luther King are Zoned C1 to C3. But Future Use is R1, which requires compensation for property use as residential from commercial. The CRA proposed to move to establish residential zoning as set out in the HOB Plan. HEART OF BOYNTON SUPPORT To support the redevelopment of the Heart of Boynton, the following programs are approved and in place or underway: Wilson Center project and grant programs (Commercial Fagade, Residential Fagade, Direct Incentive, Youth Grants and Region Core Economic Development Grants). MLK Phase I features the construction of a Streetscape for Martin Luther King with areas for public art, gathering areas, public spaces, event venues and on-street parking to encourage retail uses along Martin Luther King. The CRA is completing the acquisition of key properties to move redevelopment ahead and coordinating Self-Assembly efforts of existing property owners to include them in the new area. The Development RFP will attract top notch developers to compete for development rights for Phase I. Community improvements such as Sara Sims Park will be expanded to feature active park elements for activities and events. The CRA will develop a WI-FI Wireless Internet Access Network which is the technology of tomorrow but available today, free to all businesses and citizens in the Martin Luther King corridor. RETAIL MARKET DEMAND ANALYSIS The CRA is seeking to provide comprehensive data on the Retail Market Demand Analysis for the Heart of Boynton area. This data will be used in developer and investor recruitment. It can also be used by small businesses to expand or fine tune current business plans. The Heart of Boynton retail demand is very large and, to a great extent, ignored. This data will Page 15 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc bring the opportunities in the Heart of Boynton to the attention of a larger development industry and encourage retailers to aggressively move into new markets. FESTIVALS AND EVENTS STRATEGY FOR HEART OF BOYNTON The CRA will continue its commitment to work with the HeritageFest group. The event growth has been significantly influenced by the CRA funding and staff support. The event exposes people first hand to the opportunities in the Heart of Boynton and tells its new story and its proud heritage. Elements such as contests and art shows are sought to open the doors for a proposed Heart of Boynton Art Gallery in Phase I Redevelopment. The CRA seeks to place major events directly in the Martin Luther King corridor and to bring pedestrian activities back to the area. Page 16 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc (l) "- o U c .9 c: ::>.. o CO -- o t ro (l) I ,IE ~ tt E ci. 'K !II III )( W <( fl!l U. LIJ ex: :5 ;-t>-~-e:u '~ ~ .~ c - c.. l. .r:. .... e;';;iUiElIIfl!le $;' Et!p"':~~5.E ;':".<5,Ilol:O UlU ;; r'ft'o fl!lroCill! f4l CD "Iifi~: iQ.!.r:.CllI1i:; ,,{,"~ IS z; c.Q. (ij en Ul III l:,;.;G-dlQ;,:; ~~~~~~ I (,J (,J (,J () (,J en __U$:3.~ l ~ ~ I ~z fl ... Iii C:."j .... 4) ~ ~;; ~ c 0 Oi6 ~ ~ i E"' I i a Q. I.~ c.. fl!l <( l:' c;ji5o fIt..dlll Page 17 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc THE CENTRAL BUSINESS DISTRICT AREA Boynton has several unique development elements in the Central Business District Area - one of the last working Marinas in the region and a substantial area for mangrove preservation, sea grasses conservation and protected species habitat. These resources are in the middle of private developments and will require great stewardship. As with traditional downtowns, the cultural anchor of Boynton is positioned at proposed Town Square. Elements include City Hall, Historic Sites, Museums, Civic Centers, Arts Facilities, and the Library with new expansion. The City's historic resources and unique elements create an anchor of culture, environmental preservation, heritage and a small city, urban lifestyle. Boynton's livable downtown provides a mix of services, shopping and jobs missing from many "new urbanism" projects. Quality-of-life features such as public art, pedestrian friendly interactions, parks, support services and technology create and sustain places in which people want to live. Economic impacts and multipliers are significant from a redevelopment standpoint and are projected to bring over $100,000,000 per year in economic activity to the area. Despite this tremendous new activity, the focus and scale of Boynton's downtown mixed use development encourages small businesses rather than big box credit tenants. A balance of economic generators such as jobs (offices, retail, and commercial services) attractions (museums, waterfront, restaurants, entertainment) and residential variety (size, style, income) is mandatory for real urbanism to sustain. Boynton is poised to establish a new redevelopment standard by mixing new and old urbanism (boutique and needs-based retail and services). BOYNTON INLET The City of Boynton Beach, in cooperation with other local governments, proposes to modernize the Boynton Inlet located on State Highway A1A adjacent to Inlet Park and operated by Palm Beach County. The Boynton Beach City Commission has included this project in the City's Strategic Plan as an essential safety and economic development enhancement to the area. The inlet is located between Ocean Ridge and Manalapan and provides access to the Atlantic Ocean from the Intracoastal Canal. The current configuration of the inlet is a deterrent to safe transit of boats and the height of the bridge on A 1 A serves as a limitation on the size of boats that can use the inlet. Boynton Inlet Page 18 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc connects the Atlantic Ocean with the southern end of Lake Worth lagoon, 15 miles south of Lake Worth Inlet. It was cut through the barrier island over 50 years ago to provide tidal drainage for the lower end of the lagoon. Currents through the inlet can exceed 5 knots on a strong ebb tide. BOYNTON'S WATERFRONT The Intracoastal waterfront is Boynton's only marine front door. Our community has long, historic ties to the water and our cultural core is anchored by this heritage. Pressure of development and price of land will have an adverse impact on the future viability of the Boynton Marina if kept in private hands. New Development encircles both the mangrove and marina area. Development activities will add one billion dollars in tax base in the CBD, but threatens the community's soul. MARINA STATUS For over 60 years, Boynton Marina has served as an important economic generator. The Marina is and has been home base for Sport/Charter Fishing, Commercial Fishing, Diving and Recreational Boating. Development now is generating overwhelming pressure on these small traditional businesses. The issues range from parking to code compliance to quickly escalating dockage rental and fees. Support improvements such as ticket office, rest rooms, retail sales of marina and dive supplies and business office space are either non-existing or in non-conforming condition. The last commercial fishing business has just left due to rising rent and the inability to offload their catch. The Marina is owned by two entities: the Sea Mist (a drift fishing business) and the Two Georges Restaurant (owner/operators). Page 19 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc SEA MIST MARINA SITE CONDITIONS This business is now experiencing the pressures of new development encroaching on their site. With the loss of the ability to utilize the vacant property immediately surrounding the site to park, the business is experiencing pressure to find adequate sites within a reasonable distance for both their employees and patrons to walk. They have a temporary shared parking agreement with the Bank of America (off site), but that site is also soon to be developed. The other marina area property owners have made it eminently clear that there is no opportunity for shared parking with the limited resources available immediately surrounding the site. Therefore, Sea Mist customers and employees will have to utilize off site parking available in other areas of the City and trolley to the site, or wait for the ability to compete for the 35 CRA funded public spaces, once the parking garage has been completed. The Sea Mist has been sailing from Boynton for 60 years. However, the Two George's Marina, which houses their ticketing office and public restroom facilities, has forced the family to consider attempting to develop the Sea Mist site. Unfortunately, with % of their land holdings submerged, there is limited land available to meet current code. Side setbacks, soil conditions, drainage, building code and other zoning site requirements are cost prohibitive for this size business. Without the ability to provide parking, public restrooms, and space for storage and ticketing, the City will have no other option but to deny the further renewal of their occupational license. TWO GEORGES MARINA SITE CONDITIONS Another landmark site in Boynton has had tenant/landlord disputes with the various boat owners, related to occupational licensing constraints. The tenants have expressed concerns that Two Georges' management will not offer them lease terms, and keeps them on a month-to-month basis, with fluctuating rates. MARINA SITE STRATEGY The CRA is proposing to purchase the marina site to safeguard future public access and the operation of numerous small business slips. This operating marina has anchored downtown Boynton planning and specifically the Vision 20/20 plan, passed by the City in 1998. The CRA proposes to complete public improvements such as a Page 20 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuildlng The Vision - Revised 8.8.05.doc marina store, dive shop, ticketing facility, restrooms, offices, etc. to sustain the operations of the marina area. Due to the areas' proposed status as a public area, the CRA can develop these critical support resources whereas the private sector cannot. The Marina area has been envisioned as public gathering location and recent development has greatly affected public access. Operations by the CRA would ensure an economically reasonable or free slip space cost to further nurture the small businesses in the area. The CRA shall seek to establish a Business Improvement District (BID) to operate the area. ENVIRONMENTAL PRESERV A TION/PARK DEVELOPMENT Boynton has a variety of waterfront parks; such as: Intracoastal, Boat Club Ramp Park, Jaycee Park, Hall Property Park, and Mangrove Walk. The City and CRA have aggressively secured prime waterfront parcels such as the Hall Property ($1,600,000) in Downtown and Jaycee Park ($4,100,000) just south of Downtown. We seek to add additional prime environmental areas to the Large CBD Preserve area. The last remaining private property adjacent to the public park is owned by the Catholic Archdiocese. This +/- 13 acres of mangroves is one of the remaining potential preserves in the Lake Worth Basin. This acreage, when added to existing City/CRA properties, preserves over 23.5 acres for generations. MANGROVE LAND ACQUISITION STRATEGY . The last remaining mangrove preserve area in the CBD is the center of a sizable preserve area. The property has a small paved parking upland area which will be converted to support park activities and the existing parking will be relocated into neighboring parking garages. Park improvements will encourage public access and engagement with nature. Walks, museums, and events area will be designed to enhance and protect our natural resources while teaching the community about our ecosystem. Linking this area to the working marina and adjacent developments make it critical to preserve this piece of "Old Florida". Page 21 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc The redevelopment in Boynton's CBD, while exciting, high quality and large scale, generates tremendous development pressure on natural and historic resources. It is very tempting to convert these areas into multi-million dollar projects, generating a windfall of profits for private owners, rather than expend the funds necessary to preserve these sensitive areas or historic sites. The CRA, along with the City, is able to address the preservation of the working marina and nature preserve areas. Its commitment to create additional parking spaces in adjoining parking garages, enforce parking, underwrite the purchase of key land tracks for preserves and marina operations will protect small businesses and make critical public improvements. BOYNTON BEACH BLVD. EXTENSION The Boynton Beach Blvd. Extension Project extends Boynton Beach Blvd. from US-1 to the Intracoastal Waterway. The extension of Boynton Beach Blvd. is designed as a vehicular streetscape that links Federal Highway to the Marina Village Area and existing marinas, water front businesses, parks and the Promenade. This project creates a significant gateway for the waterfront. The streetscape will support major events, festivals, etc. to create a "Place to Be." PROMENADE A Promenade pedestrian element is designed to lead pedestrians past the "Mangrove Walk's Pond" eastward along the Marina Village boat slips to the Intracoastal. It will feature several sites for public sculptures along its length, which will be phased and represent the first major commitment to public art in Boynton. The theme of the sculptures is proposed as depicting the heritage of Boynton; Le., marine sport fishing, scuba diving, agriculture or historical sites/personalities, celebrating and preserving Boynton's history for generations. To enjoy the proposed sculptures, viewing areas with shade created from imitation "sails" of fabric will provide colorful comfort and tie Page 22 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision. Revised 8.8.05.doc the Promenade look to the adjacent marina. At night, the sculpture movement and the gentle billowing "sail" material will be lighted to extend the hours of visual enjoyment. The Promenade will become an inviting Arts Walk for all ages. BOYNTON'S WATERFRONT PLAZA The Promenade ends in an open public waterfront plaza area. The area's theme is designed to support the scuba diving and sport / commercial fishing industry activities, associated with the area's excellent natural resources found just off the coast of Boynton. Boat moorings may be included in the design to allow day visitation by boat, charter diving and sport fishing pickups and drop off's. The facility would showcase fish cleaning (at a new certified station), sport equipment prep (non-mechanical), and other associated activities which can teach visitors about each industry's lost art aspects. RIVERWALK From the waterfront plaza, the journey of "Natural" Boynton will continue along the Intracoastal and Boynton's largest preserve of mature mangroves on the Riverwalk. This design will connect to the City's existing Mangrove Nature Walk. The walk is both educational and a great vantage point for Boynton's South Florida beauty. SAVAGE CREATURES OF ANCIENT SEAS ATTRACTION CONCEPT At the end of the Promenade at the Waterfront Plaza is the proposed Savage Creatures of Ancient Seas attraction. This is Ii a prehistoric marine reptile, ancient fish, extinct aquatic mammals and sharks themed attraction to be developed in the Intracoastal on City owned submerged land. This furthers the theme of Boynton's marine heritage. Prehistoric marine reptiles are one of the most intriguing and fastest growing sectors of paleontology. It is a small niche, which Boynton could dominate. The exhibits area would be, although relatively small in size, of great importance. The facility is designed as the next generation of attraction / museum / educational Page 23 of 45 Doug's Shares N:ICRA OS RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.0S.doc concept facilities. Its unique attributes have attracted the attention of the National Geographic organization, which has expressed interest in a signature facility at this site (See "Feasibility Study" Summary Draft Document). LOFTUS SHIPWRECK PARK - STATE OF FLORIDA Additionally, the State of Florida has established a "Loftus Shipwreck Preserve" designation in recognition of the historic Loftus shipwreck. This historic shipwreck site draws more dive activities and interested historians to the waterfront area. The Loftus Preserve is only the eighth such designated site in the state of Florida and, because of budget constraints, may be the last site selected. BOYNTON BEACH'S HISTORICAL HIGH SCHOOL The Old High School is historically significant. In fact, its importance would score it second only to historic county court houses or historic city halls and its architecture is significant for historic structures of its type. To start to give direction and to define the ultimate development of the adaptive re-use of the Old High School, the following elements are proposed to be explored to establish the feasibility of their use of the building, secure underwriting partners and identify partner organizations for operating and maintenance costs. Potential uses are for music, dance, arts and a museum. The group most capable of operating this facility (outside .A_ 'E~'~~AT'VE I of City or CRA Staff) is the Cultural Board. This board operates The Children's Museum which has gone through a similar restoration process, hired staff and established a very successful operating program. They have exceeded every benchmark and consistently Page 24 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc out-performed their goals. They are competent and eager to take on the project and can interface with the Arts Program. Probably the most important issue to resolve to accomplish the project is an underwriting strategy which drives the entire project. The solution would be to have an experienced entity take over the project to secure necessary funding. The City's contribution, to date, of $300,000 and the CRA pledge of $2,000,000 provides a strong base from which to seek outside financing and available grants. Historic adaptive re-use projects generally are highly leveraged and the local investment and strong commitment will ensure top consideration for third party funding. Old High School Adaptive Reuse :m.."",,~,.,> n~'""",,"t''<i~ 'U"<;<;.('>(;.{"c>.'i:\:..\;~ Old't!igh School Adaptive Reuse \ ,.a"., .~ '\ <-\..,; ofl.;,.s ~.,.C' . ;:r-"'i".....\.~,....'1"\....i....A..et lOtlo':ITT\h&j !,','o'!:R;,<,'-i "T"'~,\ ~_*-~......}t~~~~C" Page 25 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc ,CHOOl AN ;CHOOl PLAN Page 26 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc LIBRARY EXPANSION The city of Boynton Beach Library expansion represents over 30,000 square feet of new space for additional facilities and an investment of $6,000,000. In 2004, over 600,000 people visited the library. The expansion will increase visitation and strengthens the Town Square as a cultural destination. CHILDREN'S MUSEUM The Children's Museum is already a known attraction. It has set benchmark standards for content, quality and operation. In fact, it is widely recognized as the very best facility of its kind in this region of the state. Attendance numbers have greatly exceeded expectations. Its success now creates the need for additional support space, revamped exhibits, program space, etc. The facility can expect to double or triple current visitation with expansion. The regional tourism market has great strength and ranks among the top in the nation. MUSEUM I ATTRACTION FACILITY SYSTEM The concept of a Children's Museum, Old High School Adaptive Re-use and the Savage Creatures Project creates a system of facilities which generates an economy of scale for operating, funding, and promotion. The results are quality, self sustaining facilities serving a broad base of citizens vs. small struggling, single interest elements. These efficiencies afford the community to begin to build operating endowments for sustained program delivery and capital investment. Critical mass must be reached to trigger the needed economics. Page 27 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc PRIVATE SECTOR DEVELOPMENT PROJECTS Boynton's redevelopment has been slow to get started by some comparisons to other cities. However, we are about to make up for lost time. Projects with site plan approval such as Related Group's "Marina Village", The Panther Group's ''The Promenade at Boynton" and ''The Arches" are large mixed use projects. These projects will impact the tax roll at an estimated $390,000,000. Additionally, projects in assembly and/or the design process are projected to account for an additional $600,000,000. Over the next 36 to 60 months the downtown area of Boynton will see a forecasted $1,000,000,000 in new projects, approved and/or under construction. However, the question looms: how long or deep is the current market for condos? Boynton is somewhat of a new contender in this market and has no track record through market cycles. A major element of insuring market depth and tempering any potential softening is to build upon Boynton's image as "A Place to Live." After all is said and done, the livability of a community must sustain long-term stable growth. Investment in quality-of- life elements, as proposed in Boynton's Vision, will be a distinguishing factor for Boynton's sustainable future. People must want to stay, live and work in Boynton. The better the quality-of-life, the more people will seek to enjoy it. And best of all, this philosophy and resulting investment is enjoyed by all of Boynton, regardless of income, ethnic background or specific area of the city that you live in. Further, economic diversity such as adding office, retail and commercial space to the Downtown mix generates stable economics. Jobs bring disposable income that underwrites service, retail and entertainment venues. Jobs create activities that span daytime periods to nighttime and keeps Boynton Beach from being a bedroom community. As activities increase, jobs, attractions, and residential components demand more diverse elements, such as hotels, meeting rooms, etc. A balanced development strategy will create further opportunities for support and hospitality industry projects. The community has needed a eBD anchor project that features significant office space and full service hotel. However, market conditions will demand a private / public partnership to Page 28 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc make this dream a reality. Boynton's timing might be right on track. Palm Beach County leads the state in positive hospitality indicators. Major investment in the Palm Beach County Convention Center has generated a 4,000 room shortage county wide. Room rates, room tax revenues and occupancy percentages are once again setting records. Additionally, the office market is now making strides in occupancy and little product is in the pipeline. Boynton's superior transportation linkage, geographical location, urban support setting and ocean views place it at the very top of project sites poised to prosper. Some of the issues a master plan must address for optimum economic diversity need to be incorporated into a major CBD Anchor Project: . CRA incentives for acquisition of land for a parking garage; . The CRA property at Federal and Ocean (Relax Inn site) will be traded for office space in the project; . The phasing of the project would be limited only to construction logistics sequencing; . Minimum office space for lease and/or sale would be 120,000 sq.ft. in the Master Site Plan; . Minimum retail space for lease and/or sale would be 45,000 sq.ft.; . Minimum full service hotel of 100 rooms plus 25,000 sq.ft. of meeting space. This hotel and services sizing is proposed to be set by a Third Party Feasibility Study by National recognized HVS Consulting. Further, the CRA would aid in the marketing and attraction of the hotel operator/owner; . Minimum parking capacity would be the parking required for master plan elements plus 400 free public spaces for museum, parks and events; . The CRA will cooperate on acquisition of replacement office space within the new project for affected owners; · Projected tax roll value of the project in excess of $150,000,000. These elements and issues for the Downtown core have been framed through discussions on various project concepts between the CRA director, CRA Board members, City Commission members and City staff over the past three years. This proposed project concept parallels elements previously developed in support of major corporate relocation efforts. OCEAN ONE IUltRA!,lIIGIIW\\ tl.l,\\11O' Page 29 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc OCEAN ONE '\i" 6o1l:'l(-Otkl "\'\lll.r\~fjO'\ ...._....................................... h:;",;h. Jcl'>;"jj; 4 *~.:/;';- OCEAN ONE 110\ 'H" III \( 1I HI \ II I.UHfl'" ;..tOJ.R:-'\ttu(;n\H\ OCEAN ONE -~ " Page 30 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc Page 31 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc Page 32 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision. Revised 8.8.05.doc I ~< e~ N _~ -12 N : I ;j; '"' ~.. >- $1 NO,,' t~~;$ ~~. m#.:d1li~~ ~'~~~;;;;::5@ Q'Wr-"'t.$'tf.fi~4. ~ 'lii .E! :: = ell CI .c: U Page 33 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc PROPOSED RE-PHASING OF CRA PROJECT FUNDING The CRA Staff is recommending seizing opportunities now available because of many emerging factors and to re-phase certain project elements to exploit these opportunities. These opportunities have an immediate and finite window to act upon or they will be lost to the community, therefore, they become FIRST Phase elements. These are the purchase of the working Boynton marina, purchase of 13 acres of mangroves and the Historic Old High School Adaptive Re-use. All of these have been outlined in this document. It should be noted further that the Mangrove purchase has three important implications: the preservation of this environmental area; the logical tie to existing park purchases from the Hall family and Mangrove Walk feature, and the vision of a water-based Savage Creatures project with integrated education, preservation, and attraction features. Streetscapes are extremely important to attract developers. The CRA has issued a "change order" to an existing Design/Build contract with Kimley-Horn and Burkhardt Construction to design streetscapes for the critical corridor streets serving the downtown area: Boynton Beach Blvd. (from 1-95 to Federal Highway); Martin Luther King (from Seacrest to Federal) and Seacrest (from Boynton Beach Blvd. to Martin Luther King). These three designs will prepare the CRA, City, County and State to move forward with construction in a real time manner. Additionally, the City Utility Department is improving 4th Street drainage. The design while engineered for efficient drainage control leaves a streetscape lacking in pedestrian attributes. The CRA wishes to take advantage of this opportunity to improve the streetscape to contribute to the urban context now being developed along 4th Street. Significant County, State and Federal funds are available for these streetscape projects. The Boynton Beach Boulevard Extension, the Promenade, and Riverwalk public projects are underway. The Boynton Beach Blvd. Extension element is mandated for private development access for approximately $460,000,000 in projects such as Marina Village, the Promenade Project, The Arches and the Bank of America (Ocean One) site development. The Promenade pedestrian element represents the logical extension of the vehicular Boynton Beach Blvd. Extension. The project is the only major public link to the waterfront in the CBD area. Additionally, it introduces Boynton's first public art effort and will be a center for community activities, such as festivals and events. This Promenade element will continue to move forward through construction. Page 34 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc The Riverwalk will be phased for later construction and tied to the Savage Creature Museum project. The construction is not constrained nor limited by later phasing. The other project elements of the Boynton Beach Blvd. Extension and Pedestrian Promenade are complete, standalone, phases and do not require the Riverwalk to be functional. If the Riverwalk is built and the Savage Creature Project moves forward, large sections of the walk would have to be removed for construction. Thus, it is proposed that the Riverwalk phase of the current Boynton Beach Blvd. Extension Project be phased and funded as an integrated element of the Savage Creatures project. Funding of the $6,300,000 for the Riverwalk is being shifted to the projects needing immediate phasing. The CRA had budgeted $750,000 for office space needs. Its offices are in a building that is in line for redevelopment. Its options, at this time, are to exchange the remainder of the Relax Inn site for 3,000 sq. ft. of office space in the new Ocean One project or relocated to the Old High School. In either case, the CRA will reallocate the $750,000 budgeted for part of the Adaptive Re-use of the Old High School. The CRA is seeking to "self assemble" approximately six (6) properties in the HEART OF BOYNTON Phase I MLK Redevelopment Area. This will save the CRA over $850,000 in acquisition costs. These funds can instead be used for other projects in the Heart of Boynton area, such as St. Paul's cooperative redevelopment project, Boynton Terrace, Sara Sims Park improvements and/or single family residential housing. It should be noted that substantial funding from the Florida Forever Fund and similar grant sources can underwrite portions of sensitive land acquisitions. County, State and Federal funding will be secured for the Marina and Old High School Projects. Therefore, the projections for CRA underwriting are taken as worst case scenarios. Are-phased CRA budget is attached. This does not depart from any vision or project of the CRA or its planning, but instead is responsive to today's opportunities. It shifts an additional +1- $10,000,000 or a 150% increase into the emerging Heart of Boynton area and preserves Boynton's Historic past. The proposed budget would require consideration of a third TIF Bond issue in the 4th year (2007/2008). Projects proposed for the bond offering are; MLK Blvd. 1 Seacrest Streetscape construction and the Savage Creatures 1 Riverwalk Project. Page 35 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc The eRA budget does not reflect a proposed Ocean One Project land acquisition and parking facility construction as this is a standalone project, secured by third-party underwriting. Page 36 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision. Revised 8.8.05.doc BUILDING THE VISION 2005/2006 eRA Budget Page 37 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc City of Boynton Beach Community Redevelopment Agency 2005-2006 Budget 08/15/2005 Please find attached the Staff's proposed CRA Budget modeling for October 1, 2005 to September 30,2006. The following notes highlight all major items within the budget in an attempt to provide insight as to their origination and future destination. All budgeted items may be considered individually or as a group for discussion. The 2004/2005 Adjusted Budget reflects approved CRA Board and Budget Adjustment items for roll over to the 2005/2006 Budget Year. FUNDS AVAILABLE Projected Beginning Balance for 2005/2006 $ 8,261,365 REVENUES TIF Revenue: The CRA Revenue for this budget is based upon the tax appraiser's office projected certified 2005 tax roll values. Future TIF Projections are based on new projects forecasted to come to on the tax rolls and an estimated appreciation factor by the CRA. Staff is forecasting a more moderate appreciation rate from the County's rate for the five-year forecasts due to concerns about sustaining the current appreciation increase in the future market place. Staff is recommending a 15% appreciation rate, which we believe is an accurate number for forecasting. Each taxing entity that contributed to the Boynton Beach CRA is listed separately. Note that the CRA receives 95% of the increment taxes from each (See detail sheet). Total CRA TIF Revenue: $6,000,000 Bond Proceeds Bond Issue #2 $ 11,110,940 The CRA Staff is proposing to issue a par amount of $11,110,940.45 in 20-year bonds for the financing of the HOB and Affordable Access CRA Projects and Programs. The Projects and Programs include concepts for finishing land acquisition for Phase I MLK Redevelopment, Project Incentives for Unit eost Buy Downs, City Single Family Program in support of the CRA multi-family and 1 mixed use efforts and re-zoning issues for HOB plan execution. The cost of the issuance of the Bonds, Underwriter eosts, Bond Insurance Premium and the Deposit Reserve Fund will be deducted from the par amount for a net amount of $10,000,000. Total Debt Revenue $11,110,940 Grant Funding Trolley - Federal and MPO Grant funding in support of the two eRA Trolley Routes. Marina - Grant funding sources include but are not limited to FIND, Palm Beach County, State of Florida, Florida Forever, etc. $ 1,000,000 Mangrove Land Purchase - Grant funding sources include but are not limited to FIND, Palm Beach County, State of Florida, Florida Forever, etc. Total Grant Funding $155,000 $ 500.000 $ 1,655 ,000 Interest Income on Reserves: Interest the eRA receives from investing reserve and surplus funds. Total Interest Income on Reserves (all accounts): $ 325,000 Other Income Trolley: Marketing Income Advertising/Sponsorship -This represents the trolley income goal from trolley systems advertising. This forecast is 50% of the trolley study projection, however staff feels it is more feasible. Total Other Income: $ 95.000 $ 95,000 Recapture of TIF Loan Principle: The Arches will repay the principle on the proposed Incentive Loan as it comes due. This repayment does not impact the Budget until after project C.O. and it appears on the tax roll certification in 2006/2007 or later. Total Recapture of TIF Loan Principle 2005/2006: $ 0 TIF Loan Interest: Interest paid by the Arches on the proposed TIF Loan figured at 2%. This repayment does not impact the Budget until after project C.O. and it appears on the tax roll certification in 2006/2007 or later. Total TIF Loan Interest 2005/2006: $ 0 TOTAL REVENUES: $19.185.940 $ 27,447,306 TOTAL FUNDS AVAILABLE FOR 2005/2006 2 OPERATING EXPENSES Personnel Costs This budget category includes eight positions, Executive Director, Administrative Assistant, Assistant Director, Planning Director, eontroller, Bookkeeper, Events Coordinator and Marketing eoordinator. The Personnel spreadsheet includes detailed salary, taxes, worker's compensation, health insurance, life insurance and retirement for all positions. The Executive Director salary remains the same as 2004/2005. Retirement Adjustments Retirement rates are calculated at 5% of gross payroll; however, retirement has a one year employment requirement for eligibility. It is anticipated that the Retirement Plan will be modified to accommodate differed compensation contributions by the CRA. Insurance Adjustments Due to the fact that Health Insurance rates are different for each individual employee based on age and sex, Staff has calculated the rate per person at the highest rate not by the individual in the position at this time. Workers' Compensation rates are locked at the policy start date for a period of four years. Staff does not anticipate an increase in rates for 2007-2009 at this time. Life Insurance is term life insurance, which is locked in for 10 years at the time the policy is written. HR Salary Adjustments HR adjustments are forecasted at $60,000 which will address recommendations from the HR consultant study. These adjustments are anticipated in salary ranges, benefits packages and retirement programs. Total Personnel Costs: $ 612,539 PERSONNEL 2004-2005 Employers Workers SIT SEP Annual FICAlMED Comp Health Life LIT IRA Salary 7.65% $ 38.00 Insurance Insurance Disability 5% 04-05 Director $ 96,305.00 $ 6,976.42 $ 456.00 $ 5,963.00 $ 606.96 $ 881.00 $ 4,815.25 $ 116,003.6: Assistant Director (Pro rated) $ 17,634.61 $ 1,349.05 $ 304.00 $ 1,574.30 $ 252.40 $ 331.14 $ 21,445.5C Planner (Pro rated) $ 32,307.66 $ 2,471.54 $ 304.00 $ 2,484.55 $ 83.40 $ 282.36 $ $ 37,933.51 Controller $ 53,133.83 $ 4,064.74 $ 456.00 $ 5,963.00 $ 170.16 $ 430.00 $ 2,656.69 $ 66,874.42 Events $ 44,290.00 $ 3,388.19 $ 456.00 $ 5,963.00 $ 83.40 $ 445.00 $ 2,214.50 $ 56,840.09 Bookkeeper $ 35,000.00 $ 2,677.50 $ 456.00 $ 5,963.00 $ 170.16 $ 430.00 $ 44,696.66 Administrative Assistant $ 27,045.60 $ 2,068.99 $ 456.00 $ 5,963.00 $ 83.40 $ 282.00 $ 1 ,352.28 $ 37,251.27 Total $ 305,716.70 $ 22,996.42 $ 2,888.00 $ 33,873.85 $ 1,449.88 $ 3,081.50 $ 11,038.72 $ 381,045.07 PERSONNEL 2005-2006 Employers SIT SEP Annual FICAlMED Workers Health Life LIT IRA 3 Salary 7.65% Comp Insurance Insurance Disability 5% 05-06 Director $ 96,305.00 $ 6,976.42 $ 456.00 $ 6,559.30 $ 606.96 $ 969.10 $ 4,815.25 $ 116,688.0: Assistant Direc10r $ 65,500.00 $ 5,010.75 $ 456.00 $ 6,559.30 $ 352.40 $ 969.10 $ 3,275.00 $ 82,1 22.5E Planner $ 60,000.00 $ 4,590.00 $ 456.00 $ 6,559.30 $ 170.16 $ 473.00 $ 3,000.00 $ 75,248.46 Controller $ 50,000.00 $ 3,825.00 $ 456.00 $ 6,559.30 $ 170.16 $ 473.00 $ 2,500.00 $ 63,983.46 Events $ 45,000.00 $ 3,442.50 $ 456.00 $ 6,559.30 $ 83.40 $ 489.50 $ 2,250.00 $ 58,280.70 Marketing $ 40,000.00 $ 3,060.00 $ 456.00 $ 6,559.30 $ 170.16 $ 473.00 $ 2,000.00 $ 52,718.4€ Bookkeeper $ 38,500.00 $ 2,945.25 $ 456.00 $ 6,559.30 $ 170.16 $ 473.00 $ 1,925.00 $ 51,028.7 Administrative Assistant $ 38,500.00 $ 2,945.00 $ 456.00 $ 6,559.30 $ 83.40 $ 310.20 $ 1,925.00 $ 50,779.1E Total $ 435,305.00 $ 32,909.92 $ 3,648.00 $ 52,474.40 $ 1 ,806.80 $ 4,629.90 $ 21,765.25 $ 552,539.27 Professional Services: Legal: The eRA is budgeting $120,000 for 2005-2006 Legal Services based upon the average of $10,000 per month. Total Legal Services: $ 120,000 Lobbyist: Staff is recommending a joint venture partnership with the City of Boynton Beach for State and Federal lobbying, which is becoming increasing important to the CRA and our activities. Additionally, if we join with the eity of Boynton Beach, the eRA gets greater input. The CRA faced direct legislative issues this past year and expect an aggressive session in 2005/2006. Forecasts of potential legislation from last year could have impacted the CRA by over $5,000,000. At the Federal level, the eRA has several grant requests active at this time. The lobbyist proved effective in 2004/2005 and staff sees an increasing need to partner with the eity for Lobbyist services. Total Lobbyist Services: $ 25,000 City Staff: The eRA has retained the services of the City Clerks Office for recording the minutes. The budget of $7,500 was based upon the average of $625 per month. Total City Staff: $ 7,500 4 Contracted Services: The eRA will retain contracted service for projects specified in the 2004-2005 budget and projected projects. The eRA Staff will need consulting help for comp plan filing. Staff is recommending a $140,000 budget for additional future projects to be determined. Total New Projects 2005/2006 $ 140,000 ro ec s urren an ropose Contract Expected to Bill 04-05 Budget 05-06 RMPK Design Guidelines $ 40,000 $0 RMPK Master Plan $ 35,000 $0 Expenses for RMPK $ 5,000 $0 Jonathan Ricketts $ 145,800 $0 RBC Dain $ 10,000 $ 10,000 HVS Hotel $ 30,000 $0 Market Demand $ 24,500 $0 HR $ 5.175 1.Q Total $ 295,475 $ 10,000 Contracted Services CRA P . t C t d P d Current eontracts Rollover for 2005-2006 New Contracts 2005-2006 Total Contracted Services $ 10,000 $ 140.000 $ 150,000 Audit: The CRA will enter into a contract with an outside ePA firm in 2003 and will carry forward for a period of three years with an extension of two years available. The base fee is projected at $5,900 for 2005/2006 with an extension for 2006/2007. Staff is also proposing to leave $1,600 in the event that extra services are needed for year one and two as needed. Total Audit Services: $ 7,500 IT Support: The City's IT Department will provide for support, service and maintenance for our computer hardware, software and internet as per the approved 2003 contract. The budget for 2004-2005 contains: City of Boynton Beach IT support Accounting Software License Fees / Support Miscellaneous Needs Total IT Support: $ 20,000 $ 3,000 $ 2,000 $ 25,000 $ 335,000 Total Professional Services 5 Office: Rent: The CRA is proposing to continue to lease the existing spaces for the 2004-2005 budget year. CRA Executive Offices Rent 103 $1,600.00 x 12 x 1.10% = $21,120 Office #107 will be more heavily used by the CRA, therefore the Rent is moved from all Police use back to the CRA Rent. Offices will be constructed for the Planning Department in 107. Rent #107 $1,200.00 x 12= A/C Storage room offsite $ 170 x 12 (10' x 15') Total Rent $ 14,400 $ 2,040 $ 37,560 Maintenance and Cleaning: The category of Maintenance and Cleaning will include cleaning of the CRA offices, repair and maintenance of the equipment and offices. The maintenance and cleaning was calculated at: eleaning of offices $165 per month x 12 $ 1,980 Repair on Equipment Printer $400 per quarter $ 1,600 Equipment per year $ 250 Repair on Office Space $ 270 Total Maintenance & Cleaning: $ 4,100 Office Leasehold Improvements: Due to the increased activity and staffing in 2004/2005 the CRA will need to make minor improvements to 107 and 103. Staff is anticipating a minimal cost. Leasehold improvements for the existing offices such as office partition walls. 2005/2006 Budget Amount is for items not in the 2004/2005 improvements. Total Office Leasehold Improvements: $ 1,500 Phone: (2) Cell phones $111.00 x 12= T-1 line $241.50 x 12= Office Phones $355.84 x 12 = Total Phone: Electric: Office #103 Year 1 Electric $180.00 x 12 Office #107 Year 1 Electric $120.00 x 12 Total Electric: Total Office: $ 1,332 $ 2,898 $ 4,270 $ 8,500 $ 2,160 $ 1 .440 $ 3.600 $ 52,260 6 Equipment Leases: The CRA is leasing the copier and the postage machine. The contract on the copier is a three-year contract and the postage machine is a year-to- year contract. Copier $521.00 per month - three year lease ends 10/05 eopier Overage $14.00 per month Postage $41.00 per month - one year lease Subtotal Total Equipment Leases: $ 6,252 $ 168 $ 492 $ 6.912 $ 7,000 Insurance: The CRA's General Liability Insurance coverage provides coverage of all employees. The property insurance covers the contents within the CRA office. The CRA also carries a Surety Bond and Professional Insurance for the CRA and employees. Property Insurance (with Old High School) Surety Bond Professional Staff is forecasting a reserve fund for insurance premium increases of $1,500. Total Insurance: $ $ $ 17,500 200 4,000 $ $ 1,500 23,200 Travel/Entertainment Expenses: Promotional/Business Meetings: The CRA attends business meetings with Developers, Community Groups and Professional Organizations to promote the work of the eRA and the betterment of the eity of Boynton Beach. Total Promotional/Business Meetings: $ 9,500 CRA Meeting/Events: Staff is projecting several CRA Board Workshops and Events throughout the 2005-2006 year. These events include the CRA/City Commission workshop meetings, large project concept workshops and shows featuring multiple projects. This line item includes eRA support of events with dinner table purchases for non-profit events. Total CRA Meetings/Events: $ 10,000 7 Association Meetings & Seminars: Annual Conference for Florida Redevelopment Association to be held in St. Petersburg (8 people with 4 cars driving) It is proposed that the CRA attend the Annual Florida Redevelopment Association Conference scheduled October 2005 in St. Petersburg, Florida. Staff and Board Members will attend the conference in order to increase and update their knowledge of redevelopment and emerging issues and trends in Florida. Conference Registration ($275 x 8) 3 Meals per day ($41 x 3 days x 8) Mileage (400 x $.31 x 4 cars) Hotel ($149 x 8 rooms x 3 days) Total $ 2,200 $ 984 $ 496 $ 3.576 $ 7,256 Florida Redevelopment Association Regional Board Rep. 8 meetings per year (1 person) Meals ($40 x 8) $ 328 Tolls ($6.00 x 8) $ 48 Hotel ($125 x 2) $ 250 $ 626 Urban and Land Institute (ULI) Staff is proposing attending 1 National (2 persons attending) and 4 Regional (4 people attending) ULI eonferences and one additional seminar for educational development. 2-Urban Land Institute National (2 persons) eonference Registration ($470 x 2) Hotel ($150 x 3 days x 2) Meals ($41 x 3 days x 2) Air Fare ($600 x 2) Total $ 940 $ 900 $ 246 $ 1 .200 $ 3,286 4-Urban Land Institute Regional (4 people @ 2 times a year) Conference Registration ($190 x 2 x 4) Mileage (150 x $.31 x 2 cars x 2) Meals ($41 x 4 people x 4 days) Total $ 1,520 $ 186 $ 656 $ 2,362 Florida Chapter of the American Planning Association Conference - St. Petersburg (1 person) September Registration $ 260 Hotel $ 250 Transportation $ 300 Meals ($41 x 4) $ 164 Total $ 974 8 American Planning Association National Planning Conference - San Antonio (1 person) April Registration Hotel ($1 X 4 X 1) Flight ear Meals ($41 X 5 X 1) Total $ 300 $ 425 $ 380 $ 115 $ 60 $ 1 ,280 Florida Government Finance Officer's Association - Annual Conference (1 person) Registration $ 260 Meals ($41 x 5) $ 185 Miles (100 x $ .31 x 5 days) $ 155 Total $ 600 International Downtown Association (S people) Registration ($675 x 8) Hotel ($165 x 8) x 4 Days Flight ($350 x 8) Meals ($41 x 8) x 4 Days Parking & Misc. x 8 Total $ 5,400 $ 5,280 $ 2,800 $1,312 $ 300 $ 15,092 Staff is allotting $564.00 for Association meetings, which would be used for various luncheons such as; Chamber of Commerce and FGFOA luncheons, etc. Total Association Meetings & Seminars: $ 564 $ 32,040 Mileage & Delivery Services: Mileage & delivery services include Federal Express, UPS and the US Post Office for package to and from the CRA. Total Mileage & Delivery Services: $ 2,500 Car Allowance Director and Assistant Director: The Director and Assistant Director are allotted a car allowance of $3,820 x 2 or $7,640 per year. We are factoring in a 3% increase for inflation. Total Car Allowance Director and Assistant Director: $ 7.640 Total Travel/Entertainment Expenses: $ 61,6S0 9 Office Equipment & Supplies Office Equipment/Furniture: Lobby Furniture Office #107 eomputer-(epU, Monitor & Key Board) & Replace old monitors - 2 Tape back-up Drive (Installed) eentral Server (Hardware & Software) Accounting Software License Phone System Digital eamera Total Equipment I Furniture $ 2,500 $ 3,500 $ 2,000 $ 3,750 $ 1,550 $ 6,000 $ 650 $ 19,950 Office Expenses: The eRA Board supplies, office drinks, paper products and cleaning supplies are accounted for under Office Expense. Total Office Expenses: $ 1,500 Office Supplies: The CRA office supplies are pens, copy & printer paper, disk, ink and general office products. The average office expense is projected at $1,667 per month. Total Office Supplies: ,S 20.000 Total Office Equipment & Supplies: $ 41,450 License, Books, Publication & Memberships: Licenses, Fees, Permits: The CRA will incur expenses for licenses, fees or permits which are not project related. Total Licenses, Fees, Permits: $ 1,250 Memberships & Publications: The eRA is a member for Several Associations which provide information, networking and project allowances. The CRA uses several publications in general every day operations, for grant sources, business incubator ideas and trends for redevelopment within eRA Areas. Mem bersh ip/Subscri ptions: Memberships Chamber of Commerce FRA ULI International Downtown Association NAACP PB Convention & Visitors Bureau FGFOA $ 225 $ 595 $ 475 $ 800 $ 2,500 $ 750 $ 35 10 GFOA Subscriptions Palm Beach Post Sun Sentinel The South Florida Business Journal Downtown Idea Exchange Downtown Promotion Reporter Reserve Budget $ 170 $ 133 $ 168 $ 96 $ 185 $ 185 $ 1.683 $ 8,000 $ 8,000 $ 1.000 $ 1.000 $ 10,250 Total Membership/Subscriptions: Books & Publications: Reference Books, Information Sources, etc. Total Books & Publications: Total Licenses, Books, Publications & Memberships: Advertising - Public & Legal Notices: During the year, the eRA will need to advertise and place public and legal notices, which are not project related, for the general needs such as workshops, ordinances, etc. Total Advertising $ 7,500 Career Development: The eRA is proposing $3,000 for career development of the CRA Staff. FGFOA - School of Government Accounting (1 person) Registration $ 190 Meals ($41 x 5) $ 205 Miles (100 X $.31 x 5 days) $ 155 Total $ 550 Reserve To Be Announced $ 2.450 Total Career Development: $ 3,000 Office Printing: Office Printing Expense: CRA Office Printing includes envelopes, letterhead, business cards, printing for reproductions of maps, prints, large scale scanning, pictures of larger sizes or JPEGS format for the project books and CRA projects. Total Office Printing Expense: $ 4,500 Newsletter - Quarterly: Staff is proposing a quarterly newsletter, which will be produced by third party with printing and distribution in-house. Printing In-kind Sponsorship Layout In-kind Sponsorship Mailing In-kind Sponsorship 11 Labeling Miscellaneous Total Newsletter: In-kind Sponsorship $ 1 ,500 $ 1,500 Printing - Annual Reports, Brochures: Staff is proposing the development of a set of brochures explaining CRA services, information on the redevelopment within the CRA area and an annual report for the public. These publications will be developed and printed by an outside source for a total of $7,500. Total Printing: $ 7.500 Total Office Printing: $ 13,500 $ 2,500 Total Miscellaneous Expense: Debt Service: The CRA has a loan with Bank of America. The starting balance as of October 1,2004 is $2,315,073.12 at a 6.56% interest rate. Total Debt Service: $ 317,298 Bond Payments: Bond #1 Payments The CRA has issued $19 million in Tax Exempt Bonds. Bond #2 Payments The CRA Staff has proposed to issue $11 million in Affordable Access Bonds. Total Bond Payments $ 1,200,000 $ 850.000 $ 2,050,000 Bond #2 Issuance Cost The eRA has issued $11 million in Affordable Access Bonds at an issuance cost of $ Total Bond #2 Issuance Cost $ 261, 248 Total Debt Service $ 2.628.546 TOTAL OPERATING EXPENSES: $ 3,801,261 12 PROGRAMS Website Expansion: The eRA Web Site maintenance is budgeted at $ 650.00 per month to perform general updates, troubleshoot, etc. Additionally the Web Site is dynamic and the CRA adds several elements each year. The additional development cost is budgeted as $ 2,200. Total Web Site: $ 10,000 Police: Staff has established a monthly meeting between CRA Staff and the CRA Police Officers to cover issue briefings such as activities, traffic, events, enforcement issues, and public interface. In our conversations, it was brought to our attention that our officers are patrolling the CRA areas by themselves, which is not the recommended practice by the Boynton Beach Police Department. It is not hard to figure out that any type of meaningful law enforcement is difficult, if not impossible, with just one person on foot or bike. Waiting for back up negates any advantage we had to begin with. The Boynton Beach Police Department is recommending additional officers for 23 hours of coverage in the Heart of Boynton (HOB) and Central Business District (CBD), which would place two officers on patrol together. The eRA Staff is proposing two additional police patrol officers, one car, two bicycles and the proper equipment to outfit officers. The CRA Police Officers would then work more as a team and patrol both the HOB and CBD. It is also proposed that the senior member of the CRA Police Officers work as the Supervisor of our unit and be the liaison between the CRA and Boynton Beach Police Department. 13 All Equipment and Bicycle Estimates include for 2 New Officers Per Quantity Unit Cost Total Cost Officer Equipment Shirts (5 white, 5 dark) 10 20 $ 35.00 $ 700.00 Uniforms Trousers 5 10 $ 55.00 $ 550.00 Shoes 2 4 $ 75.00 $ 300.00 Vest 1 2 $ 475.00 $ 950.00 5 yr. life Duty Belt (w/sidearm) 1 2 $ 790.00 $ 1,580.00 Taser 1 2 $ 790.00 $ 1,580.00 Taser Cartridges 10 20 $ 20.00 $ 400.00 Gas Mask 1 2 $ 240.00 $ 480.00 Portable Radio 1 2 $ 3,700.00 $ 7,400.00 10 yr. avg. life Computer (Laptop) 1 2 $ 2,500.00 $ 5,000.00 5 yr. avg. life Winter Jacket 1 2 $ 235.00 $ 470.00 Raincoat 1 2 $ 135.00 $ 270.00 Flashlight 1 2 $ 100.00 $ 200.00 Misc. Gear 1 2 $ 250.00 $ 500.00 Cell Phones 1 2 $ 40.00 $ 80.00 Cell Phone Yearly Contracts 1 2 $ 120.00 $ 240.00 Business Cards 1 2 $ 25.00 $ 50.00 $ 20,750.00 Vehicles Ford Crown Victoria*** n/a 1 $27,000.00 $ 27,000.00 3 yr. avg. life Patrol Vehicle Stop Sticks 1 $ 360.00 $ 360.00 Graph ics 1 $ 275.00 $ 275.00 Gun Rack 1 $ 230.00 $ 230.00 Center Consol Box 1 $ 400.00 $ 400.00 Computer Communications 1 $ 3,000.00 $ 3,000.00 Car Radio 1 $ 3,800.00 $ 3,800.00 In-Car Camera 1 $ 5,500.00 $ 5,500.00 Transport Seat n/a 1 $ 300.00 $ 300.00 Installation charges 1 $ 1,500.00 $ 1,500.00 Car Jump Starter 1 $ 80.00 $ 80.00 Maintenance and fuel 1- year $ 4,500.00 $ 4.500.00 ... Reflects item owned by CRA $ 46,945.00 Patrol Bikes *** 1 2 $ 1,100.00 $ 2,200.00 Lighting Equipment 1 2 $ 300.00 $ 600.00 Bike Glasses 1 2 $ 75.00 $ 150.00 Safety Equipment Kit 1 2 $ 250.00 $ 500.00 Misc. Gear 1 2 $ 200.00 $ 400.00 Vehicle Bike Racks 1 1 $ 55.00 $ 55.00 Maintenance Agreement 1 2 Pkg. 1-yr. $ 1 AOO.OO Bike Uniforms 4 8 $ 250.00 $ 2,000.00 Bike Jackets 1 2 $ 175.00 $ 350.00 Total $ 7,655.00 ... Reflects item owned by CRA 14 Equipment for Existing 4 Officers Yearly Replacements Per Qty, Unit Cost Total Cost Officer Shirts (3 white, 2 dark) 5 20 $ 35.00 $ 700.00 Trousers/Shorts 4 16 $ 55.00 $ 880.00 Undershirts 6 24 $ 20.00 $ 480.00 Bike Shorts 3 12 $ 50.00 $ 600.00 Bike Gloves 4 16 $ 40.00 $ 640.00 Shoes 2 8 $ 75.00 $ 600.00 Misc. Gear 1 4 $ 300.00 $ 1,200.00 Business Cards 1 box 4 $ 25.00 $ 100.00 Community Education. Materials $ 1,500.00 Schooling $ 2,500.00 Taser Cartridges 10 40 $ 20.00 $ 800.00 Cell Phone Yearly Contract 4 $ 120.00 $ 480.00 $ 10,480.00 BikeNehicle eosts - Existing Bikes/Cars Vehicle maintenance & fuel Bike maintenance & repairs 2 $ 4,500.00 $ 500.00 $ 9,000.00 $ 2.000.00 $ 11,000.00 4 Total Equipment & Maintenance $ 96,830.00 Total Salary for 6 Officers for the 2005/2006 Budget Year $ 421.956.00 Total for 2005/2006 $ 518,786.00 Total Police Program Budget: $ 550,000 15 Transportation/Trolley: Operations Staff is proposing to continue the Boynton Beach Trolley Program. The operators are on contract which can be modified and/or cancelled at any given time. Future years' contracts are not automatically approved or extended. The CRA trolley system helps move people around the Central Business District to avoid the congestion within high-density areas and to transport workers from the Heart of Boynton to jobs located on Congress Avenue as well as other areas of Boynton Beach. We are proposing to continue the contract for services of system operation. The system was put into service in the 2004/2005 Budget year. Budget year 2005/2006 will be the first year long test for the Trolley concept. Note that the CRA has secured Federal Grant money for the project and seeks to regain eounty funding for additional support. "Congress Avenue Trolley" and "Ocean Avenue Trolley" Base Routes $ 480,500 Special Projects $ 12.000 Total $ 492,500 Trolley Marketing - The CRA has engaged a Trolley System Marketing Specialists. The Trolley system and marketing has just begun, therefore the 2005/2006 Budget year is the first year to have the pilot system operate. $ 65,000 Trolley System - Smart Trolley eoupon System Hardware & Software for Trolley Marketing, Tracking, and Wi-Fi Tie-In. This is a one time cost. $ 85.000 Total Trolley Programs $ 642,500 WI-FI Programs The first pilot program for Wireless Internet Access will be fully operational for evaluation in the 2005/2006 budget year. The 350 acre coverage area will support new development in the eBD as well as the HOB core area. The WI-FI Project is operated by the City's IT Department for the CRA. Total WI-FI Program $ 44,000 CRA Grant Programs Existing Owner Assembly & Redevelopment Incentive Grant: The "Existing Owner Assembly & Redevelopment Incentive Grant Program" provides a reimbursable matching grant up to $15,000 to encourage the self-assembly of adjacent properties for redevelopment. The grant program will be available to owners who plan to cooperatively assemble properties for redevelop within 12 months of completion of the grant activity work. The aggregate area of commitment will be a minimum of 1.5 acres assembled for projects up to the MU-L zoning and 2.0 acres for projects proposed 16 as MU-H zoning. The minimum number of different grants applicants (properties) will be three. This grant can be used for survey, initial site planning, appraisals, legal and/or feasibility studies and other similar services for the assembled property areas. All participating property owners are sub applicants to the grant. Each sub-applicant must be listed in the grant application with the estimated costs for each of the requested activities. All costs associated as being part of an overall master assembly will be identified. Total Existing Owner Assembly & Redevelopment Incentive Grant: $ 50,000 Single Family Owner Occupied Residential Fa~ade Improvements Grant: The "Single Family Owner Occupied Residential Fa9ade Improvements Grant Program" provides a reimbursable matching grant up to $15,000 to encourage Residential Property Owners to upgrade heir properties by improving the external appearance of their homes. The result will halt deterioration stabilize property values, improve and upgrade appearance of the area, and facilitate and encourage redevelopment activity in the target area. The grant can be used for such elements as Fa9ade Reconstruction and/or Architectural Improvement; Painting, Shutters, Awning/canopies, Doors/Windows, Landscaping around the Home, Irrigation, Exterior Lighting, and Exterior Wall Repairs. Each applicant must be the owner and reside in the property. Total Single Family Owner Occupied Residential Fa~ade Improvement Grant: $ 75,000 Commercial Fa~ade Grants: This Grant Program is the CRA's most used program. Historically the CRA and the community receive a 4 to 1 return on grants awarded. New Grants Roll Over Grants Total Commercial Fa~ade Grants $ 55,000 $ 35.000 $ 75,000 17 Economic Business Grant Match: The CRA has assumed the County's Development Regions Grant Program for the Boynton Beach CRA Area. This is a matching grant program for business development and job creation in conjunction with the Palm Beach eounty Economic Development Department. Generally, the match is 1/3 Applicant, 1/3 CRA and 1/3 County. The CRA has set aside funding in the Economic Business Grant Match. New Grants Roll Over Grants Total Economic Business Grants $ 75,000 $ 25.000 $ 100,000 Direct Incentives Loan (Arches): The Direct Incentive Loan program is a request for upfront loading on the Direct Incentive request. This one time loan received approval by the eRA Board in November 2003. The loan for the Arches Project would not take effect until the 2006/2007 Budget Year. However, Developer action could move this liability into the 2005/2006 Budget. This may trigger a $ 2,000,000 incentive set aside. Staff will update as soon as possible. Total Direct Incentives Loan (Arches): $ 0 Direct Incentives: The Direct Incentive Program is the CRA's primary development incentive program that is in support of the best of the best projects. Direct Incentives are generally paid after the project has appeared on the tax assessor's tax rolls. The budget line item projection reflects the maximum potential incentive per project; therefore, incentive cost may be less if scoring does not meet full impacts. Total Direct Incentives: $ 0 Total CRA Grant Programs $ 300,000 Festivals I Events I Business Programs I Marketing: The eRA is proposing three events, which include Holiday Carnival, Heritage Festival and a Downtown Traffic Generator - "Downtown Discovery" . Heritage Fest continued CRA support will result in bringing people to the redevelopment area, and improving and managing perception of the area. As with all events within the CRA boundaries, they strive to attract economic reinvestment. In order to achieve this goal, events are placed in the heart of the eRA activity area, for example, the MLK area. The CRA will focus on an event on MLK at the center of the Redevelopment area. 18 Heritage Fest 2006 Celebration Night Entertainment DJ/Me Hospitality VI P Tent Airline Tickets Ground Transportation Light & Sound Port-Q-Lets Total $ 20,000 $ 300 $ 2,350 $ 750 $ 500 $ 850 $ 250 $ 25,000 The Boynton Beach Holiday Carnival This holiday themed carnival celebrates Boynton Beach and the neighboring cities. Boynton Beach Holiday Carnival $ 25,000 Downtown Discovery Program is proposed to be a monthly event. The proposed plan calls for seven events on a monthly basis. The goal of the event is to increase economic impact in the downtown on a more consistent basis and give residents and visitors more opportunities to visit and patronize the businesses in the downtown area. $ 14,650 State-of-the-CRA & Recognition Event Staff is proposing the creation of an annual event "State-of-the- CRA" & Recognition Program for the 2005-2006 budget year. This program updates the public on the development, programs and projects of the eRA as well as recognition for a job well done in the following categories; Facade Improvement Project, Best New Project, Business of the Year, Sponsor of the Year, Non-Profit group of the Year, Volunteer of the Year, Board Member Service Award. Attendance projected at 200. Revenue Ticket sales (150 @ $45) ($ 50 comp) Total Revenue $ 6,750 Expenses Entertainment Speaker eatering ($25.00 per person) Promotions, invitations, etc Award Plaques (9 @ $50) Award Photos and Framing Mailings Total Expenses Total "State of the CRA" (Net) $ 500 $ 3,000 $ 5,000 $ 500 $ 500 $ 1 ,500 $ 100 $ 9.600 $ 2,850 19 Business Programs: The Business Genesis Program was approved in 2004/2005. Program activities and funding for 2005/2006 will be for First Year Graduate Programs and a new round of "Freshman" participants. Business Genesis Program Budget: Monthly Meetings 12 @ $100.00 Marketing/Promotion Mentor Expenses Intern(s) Office Expenses, Miscellaneous, Postage Total Business Programs $ 1 ,200 $ 5,000 $ 5,000 $ 20,000 $ 2.000 $ 31,200 "Community Development Forum" The Community Development Forum is a Boynton Beach CRA event with the aim of promoting and supporting economic development in Boynton Beach. The forum will achieve this goal by inviting developers and exhibitors to network with local business owners who wish to expand, relocate or open a business in Boynton Beach. $ 7,500 Holiday & Events Street Decor: The eRA has several banner areas on main streets in the CRA area. Staff is recommending $10,000 for Holiday Decorations in cooperation with the City of Boynton Beach and $5,000 for event banners. Total Holiday & Events Street: $ 15,000 Marketi ng/Promotions: Public Relations Photographic Services Appreciation Certificates (20 per event) Promotions Supply (Paper 5 packs) Mailings Promotional Materials (shirts/caps) Framing (5@ $ 50) Total Total Festivals I Events I Business Programs I Marketing: TOTAL PROGRAMS: 20 $ 750 $ 100 $ 100 $ 200 $ 2,400 $ 250 $ 3.800 $ 125.000 $1,671,500 PROJECTS Way-Finding Signage Program - (On hold for new DOT signage regulations to be released.) $ - 0- Regulations 2006/2007 HOB Land Assembly Project- (See Bond Issue #2.) $ - 0- Bond Issue #1/ Boynton Beach Boulevard Extension/Promenade Project - Construction (Riverwalk on hold for future phase - Design Only) Total BBB Extension/Promenade Project $ 4,675,000 BBB Extension Construction Management $ 180,000 This is the construction management contract with Jonathan Ricketts for the projects in Bond Issue #1. Park Land acquisition (Hall property completed in 04/05) $ - 0- $ - 0- $ - 0- Marina Purchase (completed in 04/05) Mangrove Purchase (completed in 04/05) Marina Village Parking Garage: The eRA Board approved the Marina Village garage expansion to provide 70 spaces in the Marina District. The project will be completed in 2005- 2006. Total Marina Parking Garage: Total Bond Issue # 1 $ 300.000 $5,155,000 Bond Issue # 2 Street Scape Improvement Projects Martin Luther King Blvd Seacrest Property Re-Zone Affordable Access Programs eity Single Family Program Land Assembly in MLK Phase I area Total Bond Issue #2 $ 750,000 $ 250,000 $ 500,000 $2,000,000 $2,500,000 $4.000.000 $10,000,000 Non-Bond Issue Projects Street Scape Improvement Projects 4th Avenue Boynton Beach Boulevard $ 750,000 $ 1,500,000 21 Town Square Project / High School Adaptive Reuse Phase I: The funding is in partnership with the City of Boynton Beach to implement an Old High School development Program. Total Town Square Project / High School Adaptive Reuse Phase I: $ 700,000 Trash System: This project is to acquire all place street trash receptacles which can be truck dumped in the HOB area. This is a test project to evaluate the trash receptacles and their effectiveness in eliminating street trash in test areas. $ 4,000 Savage Creatures Museum: This funding is to begin the next step towards potential establishment of the Savage Creature Museum concept in Boynton. Further work on permitting, design and project alliances will be addressed in 2005/2006. Total Savage Creatures Museum: $ 75,000 Miscellaneous Projects: This category shall be for any special projects that may occur, which need to be completed by the CRA. Total Miscellaneous Projects: $ 15.000 Subtotal Non-Bond Projects $ 3.044.000 $18,119,000 TOTAL PROJECTS: 22 ~o Q3~ "00 :JM en It) CO "0 <0 M. ~8Q3U; O~"ON g- I/) :J oS a:15en N "C Q) Ul o 0- o ... c.. 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I/) w > a:: w I/) w a:: ...J < I- o I- a:! ::J I/) ::e o II'! en ..... en rt5 en M iIt en N .... .... M o cD ~ en ..... en N II) '<t r.O .... ~ co o .... ~ co '<to .... N ~ CD CD M M CD M C .... iIt I/) o Z ::J LL. I/) ::J ...J a. a:: ::J I/) ...J < I- o l- I- W Z "#. II'! .... ::e o o c:i '<t ~ en a;j en (") (0 (0 Y7 Y7 '<t ~ en '" l!) ~ l!) (0 ~ C\J r..: f'- '<t Y7 Y7 l!) o Li> ~ cO cO o Li> o fJl C o U Ol "0 (00: Oo/l (0" Ol Ol Cl.!::! ~~ u:: l!) o .,j. o fJl Ol Co .s:::. 00 fJl .C Cll fJl ::l 00 00 o Z ::l LL. 00 ::l ...J a. a: ::l 00 o z o OJ o UJ I- o a: I- 00 UJ a: I- UJ Z 00 o Z ::l LL. 00 ::l ...J a. a: ::l 00 o UJ I- o a: I- 00 UJ a: z ::l I- UJ Z BUILDING THE VISION CRA Operations Scope of Work, Major Issues and Operating Staff Structure Concepts Page 38 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc eRA Operations We make hopes; dreams and visions of our community come true. Our goal is to greatly enhance the quality-of-life for all of the citizens of Boynton Beach. Mission Statement The Boynton Beach Community Redevelopment Agency (CRA), established in 1982 under Chapter 163 of the Florida Statutes, serves to eliminate slum and blighted conditions, promote crime reduction and provide for affordable housing within the City's community redevelopment area through the encouragement of diverse redevelopment activities, stimulation of economic growth, creation of a destination core and enhancement of the visual appearance of the community. How Do We Do That? We encourage new investment, re-investment and keep the community informed about the opportunities in the CRA area. What Are The Tools That We Use? Design - Design Standards, Fac;ade Programs, Zoning Review, Public Project Development, Streetscapes, Public Art, Land Development Regulations, Planning... Operations - CRA Statute Compliance, Establish Policy, Budgets and TIF Income Forecasts, Alternative Funding Resources, Grants, Programs... Organization - Establish, Support and Strengthen Non Profit Partners such as BODA, INCA, Chamber, City Departments, Arts Commission, Museum Boards, Merchant's Associations and build volunteer base and Encourage Community Youth Involvement. Promotion - Primary focus is to Build the Image of the Area to Encourage Investment... Secondary focus is to celebrate the CRA's cultural uniqueness, heritage, diversity.. . Economic Restructuring - To encourage re-investment from existing property owners and businesses. To attract new investment and recruit new business. Develop Assistance for Existing Businesses (Genesis Program), Create Direct Incentives to attract Benchmark Project Investment, Business Grants for Economic Expansion and Grants for Job Expansion, Creation and Retention. Reward and encourage Commercial and Residential Fac;ade Improvements... Page 39 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc Desian . Planning: 1. Unified Plan 2. Design Guidelines 3. Land Development Regulations 4. Ordinance Review and Restructure 5. Boynton Beach Boulevard Revised for Mixed-Use Corridor 6. MLK Corridor Clarification 7. Seacrest Corridor Clarification 8. Streetscapes a. MLK b. BBB - 1-95 to Federal c. Seacrest - Library to C16 Canal 9. Department Coordination a. Parks & Recreation b. Arts Commission 10. Restaurant District a. Ocean b. MLK . Projects Under Development: 1. Bank of America & First Financial Center Project Master Plan a. Public Parking Garage b. Hotel Feasibility Study c. Financial Structure AssessmentfflF Underwriting 2. Savage Creatures of Ancient Seas Attraction 3. Town Square Development a. Old High School Adaptive Re-Use 4. Marina Purchase & Development 5. Mangrove Preserve Purchase 6. Boynton Beach Boulevard Extension Construction - Jaycee Park Mitigation a. Promenade Permitting, Contracts and Construction b. Riverwalk Permitting, Contracts and Construction Timing . Technology WI-FI: 1. Coverage in CBD and MLK Core · Project Briefing Information System to Tract New Development Operations . Operations: 1. Statutory Compliance 2. Annual Audit 3. Budget Process 4. Administrative Operations Policy 5. Purchasing Procedures 6. Human Resources Administration a. Develop Employee Evaluation system setting personal goals for merit and bonus programs b. Employee training, continuing education, certification c. Board Development 7. Insurance Administration 8. Legal Staff Interface 9. Property Management Page 40 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.0S.doc 10. Maintenance of Property & Improvements (Promenade Riverwalk, and Property in Acquisition Areas) 11. Police Programs 12. Trolley Program a. Operations Contract Administration b. Marketing Contract Administration 13. Public Comment, Inquiry & Response Program . Funding: 1. TI F Forecasting 2. Secure Grant Funding Sources · CRA Grant Underwriting Programs: 1. Administration Procedures for Applicants 2. Program Requirements 3. Forms & Applications 4. Annual Review of programs for Evaluation / Performance . CRA District Issues: 1. Boundaries a. Annexation b. Removal of Areas from District 2. Term 3. TIF Capture Percentage Adjustments Oraanization · BIA, BID, DDA operational concepts and potential timing · Merchants Association Creation · Youth Outreach · Volunteer Leadership Development Promotion . Festivals: 1. Clarify Purpose as they relate to the CRA 2. Build Activity in Targeted Areas 3. Information & Awareness (Advertising & Marketing) 4. Economic Generation 5. Image & Perception 6. Event Design 7. Set Expected Goals 8. Establish Target Markets 9. Operations a. Systems b. Manuals 10. Volunteer Development Program 11. Evaluation Criteria · Events: 1. State of the CRA 2. Development Fairs 3. Public Workshops . Marketing: 1. Web Site 2. Newsletter 3. Photos & Streaming Video Page 41 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc Economic Restructurina · Public Development Project Investment: 1. HOB Phase I - Land Acquisition and Redevelopment a. RFP Creation to respond to Community Needs b. Retail Market Demand Analysis 2. HOB Phase II - Land Acquisition and Redevelopment 3. Community Real E~tate Trust for Affordable Access 4. Land Assembly - CRA vs. Self Assembly · Business Genesis Program: 1. Pilot Program for Existing 2. Expand number of existing & recruit new / expansion 3. Increase underwriting sponsorship revenues and services · Self Assembly Programs: 1. Market Successful Areas 2. Refine the Educational Process of the Participants · Incentive Grant Programs: 1. Youth Involvement Grant Program 2. Development Regions Grant Program 3. Single Family Owner Occupied Residential Fac;ade Improvement Grants Program 4. Commercial Fac;ade Improvement Grant Program 5. Festival/Events / Program Grant Funding Program 6. Direct Incentive Program a. Review Scoring to achieve development goals · Public Area · Affordable Access - Residential & Commercial . Arts · Excellence in Architecture . Parking · Type of project · Less emphasis on project size · Economic Impact Study Requirement set to project size 7. Assembly & Redevelopment Incentive Grant Program Page 42 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VisionlBuilding The Vision - Revised 8.8.05.doc Boynton Beach CRA Staff Structure Concept With Specific Staff Assignments Executive Director - 1 . Board Directives . Project Development . Innovation of CRA Programs . Administration . Set Agenda . Planning · Incentive Programs 1. Creation 2. Oversight . Community Real Estate Trust . Grants Leadership · Neighborhood Assoc. & Community Interface . Contract Administration . Accounting . Legal Interface . Insurances 1 . General Liability & Specialty 2. Health Assistant Director - 1 · Construction Interface / Utility Interface . Contract Management . Oversight . Finance . Marketing Director . MLK Acquisition . Trolley System . Police Programs . Agenda Preparation . Marina Management and Operations . Wi-Fi System Management · Compensation & Goal Plans for Employees · Employee Reviews of Positions under Asst. Director . Staff Training & Development . Board Training & Development . Annual Report Plannina Director - 1 1. Update Briefing Book and Tracking New Projects . Design Guidelines · Unified Plan and Planning Updates . Land Development Regulations . Project Review with City · Owner / Developer Interface · Land Self-Assembly Program · Data Systems - Maps / Zoning / Census · In-House Project Design and Concepts . Way Finding Sign Programs · Architectural Digital Modeling Systems Marketina Coordinator - 1 Administrative Assistant - 1 . Phone . Visitor . Scheduling . Filing . News Paper Clips . Binding . Agenda Production Support . Press Releases . Web Site . Newsletter . Brochures, Flyers, Etc... · Business Development Program - Genesis . Survey Programs . Awards · Publications · Merchandise / Promotional Material · Travel/Seminar / Training Logistics Events & Festivals Specialists - 1 . Festivals . Special Events . Promotions Total Staffina - 8 Finance - 2 (Controller & Bookkeeper) . Accounting 1. Budget Preparation 2. Required Reporting Forms 3. Prepare for Audit & Compliance . Agenda Preparation 1 . Posting / Scheduling 2. Packet Production 3. Distribution · Human Resources 1. Employee Benefits Administration 2. Payroll · Grants In and Out Page 43 of 45 Doug's Shares N:ICRA 05 RetreatlBuilding The VislonlBuilding The Vision. Revised 8.8.05.doc CRA Board of Commissioners Bookkeeper Page 44 of 45 Doug's Shares N:\CRA 05 Retreat\Building The Vision\Building The Vision - Revised 8.8.0S.doc This document is a staff workshop document presenting various concept strategies and opportunities, which do not represent the CRA Board or any official position, plan or endorsement. The document was written by CRA staff to seek direction for CRA operations, scopes of work and priorities. As a workshop document no elements are adopted by the CRA Board unless or until official consideration is conducted in a publicly noticed meeting. Any questions regarding this document should be directed to: Douglas Hutchinson, eRA Executive Director, 639 East Ocean Ave., Suite 103 Boynton Beach, Florida 33435 561-737-3256 561-737 -3258 fax hutchinsond @ci.boynton-beachJl.us Page 45 of 45 Doug's Shares N:\CRA 05 Retreat\Building The Vision\Building The Vision - Revised a.a.OS.doc MEMO To: CRA Board From: Doug Hutchinson Date: August 15, 2005 Re: Budget Revisions Please find Staff Budget Revisions and additional notes. Budget Revisions Direct Incentive Grant set-aside. The Arches project has moved forward with their new site plan and has indicated that their intent is to apply for building permits by January 1, 2006. That would put the project in construction in or around the first quarter of 2006. The Direct Incentive Agreement requires the CRA to set-aside $2,000,000 in funds upon notice of vertical construction commencement. The CRA 2005/2006 Budget has been modified to comply with the agreement set-aside. The set-aside is funded from TIF cash and may not use Bond Funds for the set-aside account. Therefore the streetscape projects on 4th Avenue and Boynton Beach Blvd need to be evaluated for elimination. It should be noted that the streetscapes are in conjunction with other entities and this schedule is not subject to change (postponement) by the CRA, therefore critical elements may have to be passed by. Other projects of size to address Budget reductions are the Old High School Project, Mangrove Purchase, and the Boynton Marina Acquisition. Staff will work to develop other funding options and phasing to try to accommodate the streetscape project. Bond Issue Details The affordable access issue is a country wide concern and in Florida, considerable attention has been and will continue to be given to CRA's to address this issue. I believe that CRA's may be made to set aside a portion of our TIF for affordability by the State Legislature in the near future. I also feel that the concept of a CRA commitment to affordable access is well founded and should be a priority for our CRA. One of the main goals is for the CRA to eliminate slum and blight. Quality affordable housing and small business development are major parts of sustainable redevelopment of the HOB area. The CRA has surplus bonding capacity of +/- $12,000,000 according to our Financial Consultant, RBC Dain Rauscher: Julie Turner and our Bond Consultant, Mark Raymond. Staff is proposing +/-11,000,000 in bonds to net $10,000,000 for use in the HOB area. The annual debt service for this bond is $850,000 or 14% of this year's $6,000,000 TIF and the proposed bond raises our total debt service to $2,628,546 or 44% of this year's TIF. Susan's Shares R\Memo\Budget Revision Aug. 15 2005 The bond debt load capacity is figured on last year's TIF of +/- $3,800,000. Therefore, with this year's TIF income levels the debt is less than 45% of our income. The CRA has ample payment protection. Staff proposes to ask the City for endorsement to lower Bond interest costs. The proposed uses are still only concepts and can be directed as to Board priorities. The Bond usage concepts are as follows: · Property re-zoning for property located on the west side of Seacrest Blvd. from Boynton Beach Blvd to MLK. These are approximately 5 lots. $500,000 · Property acquisition for the Heart of Boynton plan Phase I and an Entry Blvd to the City's maintenance site (see map). These funds would be recaptured by the proposed Real Estate Trust in the form of finished unit titles in payment for the CRA site by the winning RFP Developer. $4,000,000 · Develop a proposed program for home ownership for work force qualified persons. Proposed 2nd & 3rd liens to qualified applicants for housing and business space buy downs. The program would secure purchase funds through liens to re-capture funds upon sale of the property. $2,000,000 · Streetscape design completion MLK & Seacrest $1,000,000 · Single family housing redevelopment site acquisitions. It is proposed that the CRA fund a lump sum of $2,500,000 to the City for single family housing in the HOB area. The City has existing programs, personnel, etc. to effectively execute a single family housing program. The CRA does not have the staff to operate our own program. $2,500,000 It should be noted that these Bond funds would be in addition to our CRA Direct Incentive Program. Further, Developer Density Incentives are being drafted in an affordable housing ordinance. Staff feels that just anyone of the elements proposed can not address this massive issue, but when teamed should be a formidable generator of Affordable Access. Document Revision to "Building the Vision" · Page 7 - New name for the Development Fair · Page 13 - Low Low replaced with Very Low · Page 35 - Second paragraph, first sentence: 'has' replaced with 'had'. Susan's Shares R\Memo\Budget Revision Aug. 15 2005 Document Revision to "Budget Narrative" · Remove Admin. Assist wage adjustment pending HR review. · Police budget revised to reflect new union contract elements and officer "phasing" for new patrol in 2005/2006. Document Revision to "Excel Budget" Operating: · Police revision for new union contract. $520,000 to $550,000 · Trolley base contract fees recalculated to reflect two trolleys on the Congress Avenue Route. $320,000 to $492,000 Programs: · The Arches project requires $2,000,000 incentive set aside which in not reflected in the spreadsheet. Staff seeks Board direction for budget cuts or phasing to accommodate the incentives set aside. Projects : . 4th Avenue 2004/2005 Budget is increased from $200,000 to $225,000 as per city estimate. · Attraction Budget revised from $95,000 to $75,000. Reserves: · Operating Reserve revised from $850,000 to $800,000. Susan's Shares R:\Memo\Budget Revision Aug. 152005 Boynton Beach Community Redevelopment Agency 2005 - 2006 Budget TIF Forcasts 2005 Base Certified Year Tax Rolls Increment Commercial (1983) $ 25,024,468 $140,189,718 $ 115,165,250 Commercial- Expanded (1989) $ 14,610,759 $ 31,352,269 $ 16,741,510 Residential - Expanded (1999) $ 252,270,942 $ 657,294,450 $ 405,023,508 Total $ 291,906,169 $ 828,836,437 $ 536,930,268 Millage Increment x Amount Rate Millage Received - 95% TIF Calculations: Palm Beach County 0.0045 $ 2,416,186 $ 2,295,377 City of Boynton Beach General Fund 0.0075 $ 4,026,977 $ 3,825,628 Total $ 6,121,005 R\Budget\CRA Budget for 2005-2006\TIF Projections 05.06 Hutchinson, Dou91as From: Sent: To: Cc: Subject: Fleming, Paul Monday, August 15, 200510:10 AM Hutchinson, Douglas Livergood, Jeffrey; Tolces, David; 'Dover, Phillip' FW: SE 4th Doug, All we would need now is the $219,293.55 ($208,851.00 design fee plus 5% contingency); the construction funding (currently estimated to be $1,491,000.00; although we are still working with FP&L to finalize the FP&L costs and didn't want to guestimate and we anticipate somewhere between 10% & 15% of the power pole cost) would not have to be committed until the first or second quarter 2006. Please remember that the construction cost is estimated in August 2005 dollars and will most likely require an adjustment due to inflationary factors. Attached to this email is the FINAL DRAFT of the task order proposal along with the spreadsheet and cost sharing estimate for your review. I met with David Tolces on Thursday (8/11/05) to begin preparing an Interlocal Agreement for this work. Paul B[J ~ u l.mendment 1 c:overAmendmentNo 1 Rev AmendmentlRev3. letter1Rev2.... 3.doc (153 KB) xis (54 KB) Ps. Jeff, Doug has requested that I attend a eRA meeting 8/18/05 at 6:30, I'll be in Weston at 3:00 PM for a doctors appointment but will try to get back in time (which I should do). Doug has requested that you also attend the meeting in the event I get hung-up in traffic. Thanks, Paul 1 PBSJ August 12, 2005 Mr. Paul Fleming Senior Project Manager City of Boynton Beach Utility Department City of Boynton Beach 124 E. Woolbright Road Boynton Beach, FL 33435 Subject: Revised Cost Sharing Summary Amendment No.1 to Task Order No.2, U04-16-02 Southeast Federal Corridor Improvements Project PBS&J Project No. 140497.00 Dear Paul: This letter is in response to your recent request for a summary of revised engineering and construction costs for the subject project and the distribution of same between the City and the CRA. The revised costs are based upon scope changes discussed during our July 7 meeting between the City and the CRA where non-potable irrigation and certain landscape features were added to the SE 4th Street portion of the project. The following reflects those revised costs: Table 1: Revised Engineering Cost Sharing for Amendment 1: Task Citv Share CRA Share Total Survey $ 0 $ 3000(3) $ 3,000 Geotechnical 0 3000(3) 3,000 Design 103,955(4) 103,955 Permitting 2,565(2) 2,565 5,130 Construction Services 137,323(1) 34,331 171,654 Electrical Subconsultant 60,534(5) 60,534 Expenses 5.865(1 ) 1.466 7.331 Total $ 145,753 $208,851 $354,604 Notes: (I) Estimated 80/20 split to cover inspection of CRA requested items (2) Estimated 50/50 split for new stormwater configuration to accommodate CRA (3) Additional survey and geotechnical needed to accommodate CRA improvements Paul Fleming August 12, 2005 Page 2 (4) Redesign of SE 4th St. to meet CRA's criteria, including additional redesign of southern portion that had previously achieved 55% completion (5) Electrical design ofCRA requested items including irrigation pump controls, streetlights along SE 4th St. and relocation of power poles along SE 4th to ROW. Table 2: Revised Estimated Construction Cost Sharing for Amendment 1: Item City Share Roadway & Surface Impr. 397,500 Stormwater & Irrigation 336,000 Water 210,000 Power Poles 0 FP&L Costs(6) 0 Lighting 0 Total $943,500 CRA Share 250,000(1 ) 500,000(2) 5,000(5) 200,000(3) TBD 536,000(4) $1,491,000 Total 597,500 636,000 215,000 200,000 TBD 536,000 $2,434,500 Notes: (1) Est. cost for addition of on-street parking to E side SE 4th St. and surface improvements (2) Est. cost difference using 100% exfiltr. System, eliminate pond & add irrigation system (3) R&R existing poles with new concrete poles @ ROW @ $4,000 ea (4) Est. cost for addition of80 lights @ $6700/ea + conduit (5) Est. cost for median irrigation (6) Final cost to be determined upon completion of FP&L design at approximately 90% project design stage As seen in the above table, the preliminary construction estimate for the portion of work covered by this amendment is roughly in the $2.4 M range. The fee structure for this task order will be on a time and materials basis in accordance with our general contract with the City. If you have any questions or you should require additional information, please let me know. WE appreciate the opportunity to continue to be of service to the City. Sincerely, PBS&J Phillip R. Dover, P.E., DEE Senior Project Manager Cc: R. Ortiz, P.E., DEE Labor & Expense Summary Amendment No.1 to Task Order No. 2 P8S&J Southeast Federal Highway Corridor Water Main. Stonmnter & Roadway Improvement Project City of Boynton 8lMch 10-Aug-45 Prlnclpel SPM PE Sr. Ognr. Jr. Engr. Sr. Fld Rep Sr. Admin Admin Totii&M ________~ _ _ _ __ __ $185 $150 $95 $60 $75 $77 $52 $40 Hra SubTotal !~s!'~:__Qe~__ __ ___ ____ ___ ___1--___ ___ f--- __ ___ ____ 1------------ - --- _~u_ -- --- - - -- ---- -- -- -~_ f----- ~~atlon Stud~'__ ____ ___u____ _ _ ~~f--- ____ 1 c!,!epare StIJ<ly___ __ 32 40 24 50 ___--.-: ----- 146 $13,lIllO 3:._r.1eeJ!~J!s________ _________~___ ______ _.ll_~__ _n___ ___ _ __ __ 8 I $1.200 I L_~~~=I~:ed A1temativ~_=~===____-=___=- ~-- _==- ~2 50 ~= ....::---= ~_~___-=- ~_ ---~~- [lI-- 164 $14950 ~.fre.P!re60~Dre....i!!lIs:________________ __________ ___ _______ ______ _____ __ __~_ 1:"-PrepareBaseMapRevisions------ ------- --- --- -8- 8 32 --2-- ---- _ _...!__ _ 51 S3.lI5O L.~~~60'Il"~o~~B~_vjs.~I1S____ ----------f-.Jl--u 32 ~___6()_ ___~ ---0-- ---0- 1 201 $17.500 3_ Prepare 60% Stormwater Revisions 0 40 60 ____~_ f---4ll__ _ _0____ __ Jl__ 1-1- - 209 $18,700 4~ -Coordlil8te FP&L Pole Relocations ------------ _~_1--8___ __~ 0 ____ ~_ f----Cl.- 1--_ 0 1 15 $1,730 ~EOpare},-~babl_"C;().s.!.()pl!!.ion ---~-::-:=--== 1 1-__4 8 0 5 -- -~ I---~ r___1__ =-889119. $$71'880900 SubtotalllO% oriWinoa----- -----~---- 1 1M 212 228 206 0 0 5 .. _________u________~_~_____ _____ _____ _ _ ~_ _ _____ _~ ____ A,_~rllP~.re.?O% Dra",I'!9ll: _ _ __ __________ _______ ____ ____ ___ u__ __ 1-_ ______=_ __ i.:cJ'r.!'P~~%R08dW8}'_'311~iOn~-=_-=__==_ __=- =-=:2_= _!l__ _40 _ '=.2~ 16 1--0---0-- 1 ~_~Il!:'~':ll.~%StonnwatllrRe_\lision"__________ 0 8 48 I--~~ ~_ ----.Cl..__ __ 0 1 - _97 $8440 1 3,Soordinale FP~..L Pole Relocations___ __________ 0 _~_ 8 I-_~ 4 0 0 ___1 19 $1,140 I ~_te Probable Cost Oplnion__ ____ 1 ___~_ __8 0 7 __I---"--_I-~_ 1 rl21 $ 110 Subtotal 10% 0nwIncIII 1 22 104 52 43 0 0 4 _ &:_prepa:r!100% D~!l.ll~____~___-==_.::====:=--- ____ ____ _ -- --- f----- 1. Prepare 100% Roadway Revisions __ ___ ______ ____!!..__ u_ 4 __ ......!6_1-_.1~ _~ __ 0 0 0 39 $3305 V..reP8!.lll00%ffioITriw~~_'~~isions .____ _---.Cl._ _.i.._ ~1-...1~_ ___~6__1- 0 0 0 68 $5800 1 4. Finalize FP&L Pole Relocations 0 2 4 0 4 0 0 2 12 I $1 050 1 5. Update Probable Cost Opinion ----- -- n__________ 1 3 ----- --6-- f--------- ------ 10 I $1,085 1 Subtotal 100% Drawlnas 1 13 52 32 21 0 0 2 121 I tlO 1111 _._---_._~-_._---- --_..~---_._-- --'_.---- Principel SPM PE Sr. Ognr. Jr. Engr. 5r. Fld Rep Sr. Admin Admin Tot T&M Tll."k!:P_ennittJ"l! -.--- .---.-.- $185 $150 $95 $60 $75 $77 $52 $40 Hra SubTotal l-P-,,,:pe.rm-~':!1ll_dlscusslons & ~iIJ"s_ __ _ __~~--= - _-~ I--- 2 Prepere FDEP Penn~s for Water Relocations ____ _~ __~__ LpieI>~ SFWM.oJ>.~~iiSio~ ~t~~erlmpro~~ents._~ _ n_. 8 ~ 4. Prepare Irrigation Pe."T'il _4_ ____~ --- n ____ ___ ____ _____ _____ 2 2 1--____ __On ___ _~ _ 3 2 - 8 --- - -- -- __u__ -- --- - 4 10 21 -.--. 18 $380 S880 $2,220 $1 850 Subtotal Task 3. Permlttlna 0 15 18 13 Tll_sk..!..:.~e_~I~f!S_Quring Cons!JU..ctio"-________ ___ u __" _ . _ __ __ n____ --------------------- -----1---- ------ --- --- .!.:...~~p_~l\~u~f!a.1 Review ______ I--_~__ 5 ____ 2. Allend_""(lfl.!"i}'.~rogress ,,!!!!s, Prepare & DistrY!!l.!!1es __ f----- _22 ___ 3_ Review Monthly Pay Requests 8 11 11 4_ Respond to RFls 20 20 5. Prepare & Negotiate Change Orders & FCDs __ __~_ ----.!!l._ 18 ___ ~Review test results, Prep.8.re Release for FD~__ ____ ~..!_ __...!!l.... ___ "?:..!'_repare punch list, final inspection _ _ 3 3 !l.:...F>ro~ Clo~oul, Bond Release, Record Dw:lls.______ ~__2 10 18 __ 0 ~. -:-=-=;=- ~_-- 0 _ ~_ 53. ___,_ _____ 3 13' $1.346 __13_ ----~f-~1.... _~7 $4,744 2 18 50 ~~ ___-= 1--3- ~_ 56 $5,578 2 __ 23 65 $8.174 --2- 1-11 42 >>.904 ----- f------- 1------ 4 10 $895 ----- ~- 3_2...... 1-_____ f-- 4 66 $8.140 Subtotal Task 5, Services Durlno Construction 14 100 113 0 44 0 11 87 34t m T'!.~k 6 :Be~icl'!.n.t.C>~rvatioll_________ ___ ______ _____ C--- ___ _ ___ ____1---_______1---___1--___ ----~ -- ---,,-- ----1----- -- ,--1---- f- F-""=-T~,,,., ~llsi<le_"I6bSelvatiOi'(T&M Es~lllllt~_=:::=::.-=-=_ ____ __29_. ____ __ -==-=-_ 1731-=--=-6-n 0 $137.817 Subtotal Task&. ResIdent ObMrvatlon o 21 o o o 1731 o . 117. 11 Totel Pro ect Manhoul1l I 11 I 344 I 411 Subtotal Labor Cost Electrical Subconsultant (StreeUiaht Deslan and Pole Relocation Coordination) Electrical Subconsultant f1rrioatlon Electrica' Design and ControlS) Survey Allowance Geotechnical Allowance EXDenses (From Table 2) Grand TotellCombined LumD Sum & T&M) 323 I 321 1731 I 11 I 110 1781 3331 1210.7311 $55,0001 51.5341 A.OOOI "13;'0001 ~ ,.,:.."~..,,.;,).~:. c..,c.,.." ;.~"':; '''~~;;'-,f;','''''v..-' C' . ~ ~ MLK Phase Site Assembly i and Development Process . (see map) ........:.~:'.::f .,,=I~'~'...... Phase I Site Assembly .:.: 77 % eRA -T~ mmendation tion of Real and steering itial Members. CRA and City ission I I I I ~ CRA Activities Trust Process + ~ Formation of Steering Committee Assembly of Site ')":""'"'~'" . " ~- . on,'-_) j Formal Reco for the crea --,. Trust and CRA to Draft ! Estate Trust and send out RFP Board and in. t Ratified by Comm Receive & Review of development proposals '. , , and ranking of proposals for CRA Board Award Adopt By-La I n f Deve r Se ectio 0 lope ws, Articles of Incorp.and selection of initial Board Members as recommended by Steering Committee and approved by the CRA and City Commission ~ Site Plan and Incentive Approval Site Plan and Incentive Submittal ~ ~ Use CRA Direct Incentives to generate additional units and commercial space in project throughout the CRA area. Project pre-sales minus Trust unit set-asides Non-profit IRS Status applied for + Building Permitting and Commencement of Project Select Trust management firm . Develop operational processes, guidelines and support documents c. O. of Project and Transfer of Completed Units to the Trust .. Use portfolio equity and cash flow to develOp additional projects M:\Community Real Estate Trust\Community Real Estate Trust 8.15.05\Community RE Trust Flow chart Time Line April 2005 2005 March 2006 May 006 Septem r 2006 Octobe 2008 c o +J C ~ o en rn CD :e CD - Q, c e E no CD c ! .n; t7) E <(:: 0 "ii~~ u _ c o .- "C:e! CD .s:::. .- - >< E .5ww '" <:I <:I '" ~ III ::! II lL .. ~ ... <:I <:I '" .. .. t"l ~ <:I 1:1 ~ ~ ~ ~ III &. ?- 0 c:; Q:: D'~!"D ~ J- ]~ ~ ~~ ! - ~i "" '"._~ ; ~ :i 1 i!~ x~ ~ Qj ~ o o o C'") II .S 1 I I ~~I - "I .1 ~~ g {'" '.J i ~. ~" J F~-----'\ -.kV)<--~~-"1 [ ,. _ '1. l: ,,_rL-J U .'. ~:" ....::. ~~ , ~ n. ~~ i ~~ 6 '5 ~~ >------'-- ~ , ,":I L 1ft: .~-~ t ,-~ t ~, ~~ ;. --?, ~~ ~- I ,. ,'- C I I ~~ l~ ~i (' ? \ , o \ _ ~i\ " ./ \- ~ 2004/2005 Budget with 2004 to 2009 Budget Forecasts Boynton Beach Community Redevelopment Agency 639 E. Ocean Avenue, Suite 107 Boynton Beach, FL 33435 561-737 -3256 CRA BUDGET PROJECTIONS. Page 1 Cumnty.., Year for 1 - ~ =- ~ Total AVAILABLE FUNDS 200_ 200412005 I IBeglnnlng Balance . .-:>>1.1.2 $ 2.958.472 T :IlMIt s J!U!M!i s l~ I 113._ Revenues & Available Funds 4~ 5~ ~ TIF Taxes I 2517636 $ 3,467,422 IT 7>403187 9611 288 Recaoture of TIF Loan Princiole $ - S - . II =- . TIF Loan Interest Income at 2% $ - $ - Interest Income at 2% on Reserves $ 75 000 $ 23,624 $ $ 5 $ Other Income . R . EiI Trolley Grants $ - $ 120,000 ~ S Trolley Advertisina I - $ 181,835 $ Contract Repayment I g $ 2,769 JR = mr.iI s ~ Total Revenue S U $ 3.795851 S TOTALAV~LABLEFUNDS . 7.800.112 $ 8.752122 S - I S ~ T :mM I EXPENDITURES OPERATING EXPENSES Personnel Cost !I Salaries I 207.500 $ 258,566 432 11 S 381_ ~ Payroll Taxes I 15.563 $ 19,392 S Workers Como I 2.324 $ 2,280 2 I $ 2 t ' 1 Health Insurance $ 16800 $ 29,815 $ 38 $ 1 Disability $ 2.000 $ 2,468 ~ $ Life Insurance $ 644 $ 1,031 f Retirement Match 5% $ - $ 11,178 Total Personnel Cost $ $ 324,730 Professional Services Leaal $ 76742 $ 175 000 is Lobbing . State & Federal $ - $ 60,000 il City Staff $ 6000 $ 7500 $ Contracted Services $ 340 211 $ 275,000 1 1 1 Audit $ 1.500 $ 8500 1 1 I.T,Support $ g $ 16,000 Total Professional services S S 542 000 Ofnce 1 ~I ~ Rent or Mortaaae Exoense $ 14112 $ 19,200 71 Main!. & Cleanina Office $ 33eO $ 4,100 Office Leasehold Imorovements is ~ $ 750 Office Moving Exoenses $ $ . I . I Phone Expense $ 7.800 $ 8,500 Electric Expense $ 1.875 $ 2,160 .. WaterlSewerrrrash $ - $ - 1 TotalOmce S 30..1 $ 34,710 EaulDment Leases EXDenses $ 411[ $ 4,500 I Insurance . J J il Prooerty I general I 1.438 $ 2,051 it $ Bond $ 373 $ 400 $ Professional $ 3.900 $ 4,049 II S Total Insurance T 5.111 S 8.500 -. CRA BUDGET PROJECTIONS - Page 2 CurrentV..r EXPENDITURES; Continued AdJusted ~r Year - 1 - 3 :H. - Operating Expenses' Continued 2004/2005 Total Travel/ Entertainment Expense 11 PromotionaVBusiness Meetinas $ 4800 $ 4,500 $ I of $ 5000 $ CRA MeetinaslEvents $ I $ 2,150 S $ $ ~t Association Meetinas & Seminars $ $ 11 ,222 $ 1 1 .S-. Mileaae & Deliverv Services $ $ 1080 $ 1 I '~ Car Allowance - Director $ $ 3,708 S -J ...., Total Travel Expenses . $ 22.880 I I anI OmcelEaulpment SUDDlles I :1 it Office Expense $ 1500 $ 1,500 $ 1500 1 J!OD Office Supplies $ 9.000 $ 9,500 1 l.S9T . Office EquipmenUFurniture 1$ 7;500 $ 10,000 ~- Total OfftcelEulpment SUPDlles $ ".GOO $ 21 000 111[ Licenses Books Publication I I 11 I I Licenses, Fees, Permits $ 1250 $ 1,250 I $ Memberships, Subscriotions $ 3.852 $ 3,984 S Books & Publication $ !500 $ 1,000 $ Total Licenses, Books. Publication $ 1.802 $ 8234 I 7.1'. Advertising-Public & Leaal Notices $ 2.. $ 1500 I I I 111: I I Career Development $ 4.000 $ 3000 . Q!! .. - $ 4.IIIt I - . - Omce Printing I I I I Office Printina $ 4500 $ 2,500 $ I Newsletter $ - $ 2,500 Printing - Annual Reports, Brochures 1$ - $ 15,000 Total Offtce Prlntlna . $ 20.000 J J Miscellaneous EXDense $ 100 $ 1,000 . 11i I . 111[ I Debt Service 31t1! 31t1[ 31~ 317J[ 1liYIr Loan Payment $ 317.298 $ 317,298 T S s S II Bond I Payments Issue 1 $ - $ - - - . . - Issue 2 $ . $ - . . . . - Issue 3 $ . $ - . - . . - Issue 4 $ - $ - . - - $ . . Sinking Fund for Debt @ 10% of Pavts $ - $ - . . . . . Issuance Costs @ 3% of Principle I - $ - - 11 - ~ lIKir Total Debt Service S $ 317.298 J I Debt Service % of TIF Revenue 12,~ 9.2% 7. is TOTAL OPERATING EXPENSE T 1;B 1$ 1287.832 IT I mJ8: . I - .1 ~ Ooeratina Expenses % of TIF Revenue 44.2% 37.1% E :Y 13.1" CRA BUDGET PROJECTIONS - Page 3 CurrentYear EXPENDITURES; Continued Adjusted for Year RoO OVer 1 2 3 4 5 Total 200312004 2004/2005 200512006 200612007 2007/2008 200812009 2004-2009 OPERATING SUBTOTAL FORWARDED $ 1.112,098 $ 1,287,632 $ 1139.163 $ 1,133 942 $ 1 238._ $ 1.259.744 $ 8.058.940 PROGRAMS Web Site - Update Expansion $ 20,000 $ 15,000 $ 5,000 $ 5,000 $ 5,000 $ 35,000 $ 85.000 Police Central Business District $ 125 000 $ 175,000 $ 175,000 $ 200 000 $ 250,000 $ 250 000 $ 1.010.000 Heart of Boynton $ 125 000 $ 175,000 $ 175000 $ 250,000 $ 300 000 $ 300,000 $ 1.200.000 Transportation / Trolley (See Revenue) $ - $ 472,000 $ 468 000 $ 470000 $ 472 000 $ 479000 $ 2.381.000 Festivals/Events $ 30,000 $ 42,100 $ 48250 $ 60.900 $ 60 900 $ 60 900 $ 273.010 Business Development Proarams $ 15000 $ 6,850 $ 15.000 $ 15.000 $ 15000 $ 15000 $ ee-::UO Holiday & Events Street Decor $ 5.000 $ 15,000 $ 15000 $ 15,000 $ 15,000 $ 15.000 $ I Marketing/Promotions $ - $ 2,075 $ 3000 $ 3,000 $ 3,250 $ 3500 $ Facade & Communitv Grants $ 35,000 $ 175,000 $ 100 000 $ 100.000 $ 75 000 $ 75000 $ 128 Eco Business Grant Match $ - $ 185,000 $ 200,000 $ 200,000 $ 200 000 $ 200 000 $ u': Direct Incentives $ - $ - $ - $ - $ 83,339 $ 574750 $ Direct Incentive Loans $ - $ - $ - $ 1,000,000 $ 1,100 000 $ - I SUBTOTAL PROGRAMS I 355.000 $ 1,263,025 S 1.204:J![ $ 2.318._ S 2.579.489 I 2.008 110 I 8,a7f.l't4 PROJECTS CRA Office $ - $ 300,000 $ - $ - $ - $ - $ 300.000 Boynton Beach Blvd. Extension $ 2,387,815 $ 2,552,872 $ 1,729,890 $ 517003 $ - $ - I 4.7It.7tI Promenade $ 113,797 $ 1,557,215 $ 1 710084 $ 637,494 $ - $ - $ 3 113 Riverwalk $ 113797 $ 244,736 $ 3 699 624 $ 4.482112 $ - $ - $ BBB Land Payment $ - $ 1,000,000 $ - $ - $ - $ - i I 1 HOB Land ACQuisition $ 350,000 $ 2,000,000 $ 1 850 000 $ - $ - $ - $ 3 Way-Findina Sianaae $ 60.451 $ 50,000 $ 25.000 $ 75 000 $ - $ - 'I Marina Parkina Garaae $ - $ 750,000 $ 300.000 $ - $ - - 1 Town Sauare Proiect Development $ - $ 50,000 $ - - $ - - Savaae Creatures Complex (study) $ 55.000 $ 175,000 $ - - S - - 1 Misc. Proiects $ 30 000 $ 45,000 $ 45.000 45 000 $ 45.000 45000 SUBTOTAL PROJECTS $ 3,110_ $ 8,424,823 . .YHI. . 1L7I-. ~. . ...... . .. . - ..... TOTAL PROGRAMS & PROJECTS $ 3.... $ 9,687,848 . 'I . .- S .. .... da. . ~ . ~ TOTAL EXPENSES I 4.571._ $ 10,975,480 S 11.781.G11 . ...~~-1 . 3 $ $ ENDING FUND BALANCE (DEFICIT) $ 3.222.184 $ (4,223,3581 : t1B I t1~ ..,(~ II == RESERVE BALANCE ** $ ~ $ 503,527 , I 1~ I PROPOSED FUNDING $ - $ - I . . . . . I - FUND BALANCE $ , '. $ (4,726,885) . ~ . . . 11;I~ ... I .. I 20% of Prior Year's TIF Revenues. CRA BUDGET PROJECTIONS - Paae 4 TIF INCREMENT VALUE INCREASE PROJECTIONS I CurrentYear YEAR AdJusted for 1 2 3 4 5 Roll Over 2004/2005 200512006 2006/2007 2007/2008 200812009 Total NEW CONSTRUCTION PROJECTS 2003/2004 Marano Bav - Southern Builders $ - $ - $ 6,600,000 $ - $ - $ - $ 6,600,000 Ocean Side-Southern Builders $ - $ - $ - $ 1,000,000 $ 3,000,000 $ - $ 4,000,000 BaVfront - Southern Builders $ - $ - $ - $ 1,000,000 $ 2,000,000 $ - $ 3,000 000 Coastal Bav Colonv - Southern Builders $ - $ - $ 1,000000 $ 5,000,000 $ - $ - $ 6,000 000 Marina Villaae $ - $ - $ - $ 10,000,000 $ 65,000000 $ - $ 75,000,000 Arches $ - $ - $ - $ - $ - $ 10,000000 $ 10,000000 Coastline Office Buildina $ - $ - $ - $ - $ 2 500 000 $ 7,500,000 $ 10,000,000 Promenaoe at Boynton --.-. ,- ,,- $ $ .-..~ $ $ $ 10,000,000 $ 75,000,000 $ 85,000,000 - - - - The Harbors $ - $ - $ 12,000,000 $ - $ - $ - $ 12,000,000 MLK Villaoe $ - $ $ - $ - $ 2,000,000 $ 3,000,000 $ 5,000,000 Tuscanv $ 24,000,000 $ - $ - $ - $ - $ - $ - Kensinaton Place $ - $ - $ 2,000,000 $ - $ - $ - $ 2,000,000 Villa Del Sol $ 16000000 $ - $ - $ - $ - $ - $ - Industrial/Commercial $ 3,000,000 $ 5,500,000 $ 2,000,000 $ 2.000.000 $ 2000,000 $ 1,000 000 $ 12.500000 Misc. Projects $ 4,221,595 $ 901,990 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 8,901,990 TIF CONSTRUCTION INCREASE TOTAL $ 47.221.595 $ 6,401,990 $ 25 600 000 $ 21.000.000 $ 88.500.000 $ 98 500.000 $ 240.001.990 TIF APPRICATION % 14.2% 15% 10% 10% 10% 10% TIF APPRICATION INCREASE $ 57.885.483 $ 76.912,699 $ 59 606 601 $ 68.127.262 $ 77 .039.988 $ 93 593 986 $ 375.280.536 CURRENT TIF INCREMENT $ 115,738,078 $ 220,845,156 $ 304,159,845 $ 389,388,448 $ 478,493,708 $ 644,033,895 NEW PROJECTED INCREMENT $ 220.845.158 $ 304,159,845 $ 389 366 448 $ 478.493.708 $ 644.033.895 $ 836,127,882 TIF INCOME PROJECTIONS Cilv of Boynton Beach $ 1,656,339 $ 2,281,199 $ 2959,185 $ 3,636.552 $ 4 894 656 $ 6 354,570 $ 20,126162 Palm Beach County $ 993,803 $ 1,368,719 $ 1,752,149 $ 2,153,222 $ 2,898,152 $ 3,762,575 $ 11,934,816 TOTAL GROSS TIF REVENUE $ 2,650,142 $ 3,649,918 $ 4711334 $ 5.789.774 $ 7 792 808 $ 10.117,145 $ 32 060,979 NET TIF @ 95% $ 2.517,835 $ 3,467,422 $ 4 475 767 $ 5.500,285 $ 7403187 $ 9.811.286 $ 30.457.930 I City of Boynton Beach Community Redevelopment Agency Budget Workshop Projections 05/10/2004 Please find attached the Staff's proposed CRA Budget for October 1, 2004 to September 30,2005. Staff has proposed a five-year budget forecast with income and expense items as well as programs and projects. The following notes highlight all major items within the budget in an attempt to provide insight as to their origination and future destination. All budgeted items may be considered individually or as a group for discussion. Staff is projecting a "Current Year Adjusted Rollover Budget" for the balance of the 2003/2004 budget year of $3,099,507. This Adjusted Budget reflects actual expenditures and transfer of unpaid 2003/2004 line item amounts to the 2004/2005 Budget. This Adjusted Budget reflects only approved eRA Board items for roll over. The eRA received an additional $156,447 in TIF revenue for the 2003/2004 budget year. The trolley pilot program was pushed back to the 2004/2005 budget year. Additionally, Staff had budgeted funds for the Marina Parking Garage, which have been pushed back to the 2004/2005 budget year. The CBD Parking Site project will be eliminated and not be moved forward. REVENUES TIF Revenue: The eRA Revenue for this budget is based upon the tax appraiser's office projected 2003 tax roll values (final values are set in August of each year and we have had changes as late as November of the year). The eRA TIF income is derived by two factors; first is the "New Construction" within the district. This is generated by new projects receiving Certificate of Occupancy in 2003: The CRA captures the difference between the 2002 evaluation and the new 2003 appraised value. These increments are generally depicted as "New Projects." The second area of TIF revenue is generated from Real Estate appreciation in the CRA District, which is forecast by the County Tax Office. These increments are increases over the base values established at the creation and amendment of the CRA and the current tax roll value. Future TIF Projections for 2005 to 2009 are based on new projects forecasted to come to on the tax rolls and an estimated appreciation factor by the CRA. Staff is forecasting a more moderate appreciation fate from the County's rate for the five-year 1 Commercial (1983)* Commercial- Expanded (1989) Residential - Expanded (1999) TtF Calculations: Palm Beach County City of Boynton Beach General Fund · Exempt ~. New Con~truction & 2003 Increment Increment 2003 New construction 2003 Total Increasing Appraisal Values Total Increment 15% Appreciation Value Total TIF Calculations: Palm Beach County City of Boynton Beach General Fund TQtahCRA .PrQjectiQns. Community Redevelopment Agency TIF Taxes 2004-2005 Estimated Taxable Values Total Millage Rate Base Year 25,024,468 14,610,759 252,270,942 291,906,169 Increment x Millage 0.0045 $ 1,529,769.10 Total 0.0075 $ 2,549,615.16 $ 220,845,156.00 $ 6,401,990.00 $ 227,247,146.00 $ 227,247,146.00 $ 76,912,698.75 $ 304,159,844.75 Millage Rate CRA Projections $ 512,751 $ 76,912,698.75 Increment x Millage 0.0045 $ 1,368,719.30 0.0075 $ 2,281,198.84 2004 Estimate Evaluation 99,673,883 23,472,767 508,708,207 631,854,857 95% $ 1 ,453,280.64 $ 2,422,134.40 Increment 74,649,415 8,862,008 256,437,265 339,948,688 Amount Received $ 3,875,415.04 County Projections at Appreciation Value of 19.715572% 2003-04 Tax Final ($) Increase in appraised value (%) Total increase due to a reciation increase 95% $ 1,300,283.34 $ 2,167,138.89 'Oil"'"" 'B"a~' I 'J>' ~li1i ,'li." tipo;1 Amount Received New Est. New Const Difference Final 03-04 Total $ 631,854,857.00 $ (6,401,990.00) $ 625,452,867.00 $ 512,751,325.00 $ 112,701,542.00 forecasts due to concerns about sustaining the current appreciation increase in the future market place. Staff is recommending a 15% appreciation rate, which we believe is an accurate number. The County has a 19.71% increase. Staff questions the new construction and appreciation of real property valuation numbers for 2004/2005, which are forecasted by the tax office. The CRA questioned the first set of new construction values, which were $65,000,000. Subsequently, this number has been corrected by the tax office to $6,000,000. Each taxing entity that contributed to the Boynton Beach CRA is listed separately. Note that the CRA receives 95% of the increment taxes from each (See detailed Spread Sheet on page 4 of Excel). Total County Tax Office Projected TIF Income: $3,875,415 Total eRA Projected TIF Revenue: $3,467,422 Recapture of TIF Loan Principle: The Arches will repay the principle on the proposed Incentive Loan as it comes due. Total Recapture of TIF Loan Principle 2004/2005: $ o TIF Loan Interest: Interest paid by the Arches on the proposed TIF Loan figured at 2%. Total TIF Loan Interest 2004/2005: $ o Interest Income on Reserves: Interest the CRA receives from investing reserve funds. Total Interest Income on Reserves: $ 23,624 Other Income Trolley: Staff has applied for a grant for $120,000 per year for three years from the Metropolitan Planning Council for the pilot trolley program. Staff is also budgeting $181,835 in advertising and sponsorships for the trolleys. Also note that Developer support may be enacted to fulfill the TCEA study's mass transit element. 2 Grant -Trolley $ 120,000 Advertising/Sponsorship -Trolley $ 181,835 "Congress Avenue Trolley" Revenue Sources 2004-2005 2005.2006 2006-2007 2007-2008 2008.2009 Total Revenue MOP Grant $ 80,000 $ 80,000 $ 80,000 $ 0 $ 0 $ 240,000 Advertising $ 121,835 $ 121,835 $ 121,835 $ 141,832 $ 141,832 $ 649,169 Fares $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Additional Grants $ 0 $ 0 $ 0 $ 60,000 $ 60,000 $ 120,000 Total Revenue $ 201,835 $ 201,835 $ 201,835 $ 201,832 $ 201,832 $ 1,009,169 "Ocean Avenue Trolley" Revenue Sources 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 Total Revenue MOP Grant $ 40,000 $ 40,000 $ 40,000 $ 0 $ 0 $ 120,000 Advertising & Sponsors $ 60,000 $ 58,000 $ 50,000 $ 50,000 $ 50,000 $ 268,000 Fares $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Additional Grants $ 0 $ 0 $ 14,469 $ 54,571 $ 60,000 $ 129,040 Total Revenue $ 100.000 $ 98 000 $ 104 469 $ 104 571 $ 110000 $ 517.040 System Total $ 301,835 $ 299,835 $ 306,304 $ 306,403 $ 311,832 $ 1,526,209 Total Trolley 2004/2005: $ 301,835 Legal Repayment: Legal Repayment Agreement .$ 2,769 $ 2,769 ~ 3Q4,604 $3,795,651 Total Legal Repayment: Total Other Income: TOTAL REVENUES FOR 2004/2005: ~, .-c. j;O: 3 OPERATING EXPENSES Personnel eosts: This budget category includes five positions, Executive Director, Administrative Assistant, Controller, Secretary, and Bookkeeper scheduled to be added in 2004-2005. The Assistant Director is scheduled to be hired in September 2007. The attached spreadsheet includes salary, taxes, worker's compensation, health insurance, life insurance and retirement for all positions for the years 2004-2009. Four of these positions are currently budgeted and an advertisement will be placed for the Bookkeeper position on October 1 , 2004. Current positions have a forecasted 3% inflation adjustment, with the exception of the Controller who will now oversee additional work and direct the bookkeeper position. The Controller will have a one-time increase of $5,000 annually for these additional responsibilities. Attached is the job description for the Bookkeeper position. This position is added to shift basic accounting functions from the Controller, so the Controller can better focus on contract issues and administration, grant preparation and administration, and Human Resources Administration. Additionally, due to the new fraud standards, the CRA will be required to have segregation within the accounting functions, which will require an additional person. Due to the fact that Health Insurance rates are different for each individual employee based on age and sex, Staff has calculated the rate per person at the highest rate not by the individual in the position at this time. Staff has calculated a 10% increase per year for 2005-2009. Workers' Compensation rates are locked at the policy start date for a period of four years. Staff does not anticipate an increase in rates for 2007-2009 at this time. Life Insurance is term life insurance, which is locked in for 10 years at the time the policy is written. Short Term and Long Term Disability rates have been calculated with a 10% increase for future years. Retirement rates are calculated at 5% of gross payroll; however, retirement has a one year employment requirement for eligibility. Total Personnel Costs: $ 324,730 The current budget reflects a 3% average annual increase in wages. :,;:, - ....- 4 PERSONNEL 2004.2005 Employers Workers srr SEP Annual FICA Comp Health Life LJT IRA Salary 7.50% $ 38.00 Insurance Insurance Disability 5% 04-05 Director $ 96,305.00 $ 7,222.88 $ 456.00 $ 5,963.00 $ 606.96 $ 881.00 $ 4,815.25 $ 116,250.09 Controller $ 55,925.00 $ 4,194.38 $ 456.00 $ 5,963.00 $ 170.16 $ 430.00 $ 2,796.25 $ 69,934.79 Adm. Assistant $ 44,290.00 $ 3,321.75 $ 456.00 $ 5,963.00 $ 83.40 $ 445.00 $ 2,214.50 $ 56,773.65 $ $ 2,625.00 $ 456.00 $ 5,963.00 $ 170.16 $ 430.00 $ 0 $ 44,644.16 I Bookkeeper 35,000.00 Secretary $ 27,045.60 $ 2028.42 $ 456.00 $ 5,963.00 $ 0 $ 282.00 $ 1,352.28 $ 37,127.30 Total $ 258,565.60 $ 19,392.42 $ 2,280.00 $ 29,815.00 $ 1,030.68 $ 2,468.00 $ 11,178.28 $ 324,729.98 PERSONNEL 2005.2006 Employers srr SEP Annual FICA Workers Health Life LJT IRA Salary 7.50% Comp Insurance Insurance Disability 5% 05-06 Director $ 99,194.15 $ 7,439.56 $ 456.00 $ 6,559.30 $ 606.96 $ 969.10 $ 4,959.71 $120,184.78 Controller $ 57,602.75 $ 4,320.21 $ 456.00 $ 6,559.30 $ 170.16 $ 473.00 $ 2,880.14 $ 72,461.55 Adm. Assistant $ 45,618.70 $ 3,421.40 $ 456.00 $ 6,559.30 $ 83.40 $ 489.50 $ 2,280.94 $ 58,909.24 Bookkeeper $ 36,050.00 $ 2,703.75 $ 456.00 $ 6,559.30 $ 170.16 $ 473.00 $ 1,802.50 $ 48,214.71 Secretary $ 27,856.97 $ 2,089.27 $ 456.00 $ 6,559.30 $ 0 $ 310.20 $ 1 ,392.85 $ 38,664.59 Total $ 266,659.28 $ 19,974.19 $ 2,280.00 $ 32,796.50 $ 1,030.68 $ 2,714.80 $ 13,316.13 $ 338,434.87 PERSONNEL 2006-2007 Employers srr SEP Annual FICA Workers Health Life LJT IRA Salary 7.50% Comp Insurance Insurance Disability 5% 06-07 Director $102,169.97 $ 7,662.75 $ 456.00 $ 7,215.23 $ 606.96 $ 1,066.01 $ 5,108.50 $ 124,285.42 Controller $ 59,330.83 $ 4,449.81 $ 456.00 $ 7,215.23 $ 170.16 $ 520.30 $ 2,966.54 $ 75,108.88 Adm. Assistant $ 46,987.26 $ 3,524.04 $ 456.00 $ 7,215.23 $ 83.40 $ 538.45 $ 2,394.98 $ 61,153.75 Bookkeeper $ 37,131.50 $ 2,784.86 $ 456.00 $ 7,215.23 $ 170.16 $ 520.30 $ 1,856.58 $ 50,134.63 Secretary $ 28,692.68 $ 2,151.95 $ 456.00 $ 7,215.23 $ 0 $ 341.22 $ 1,434.63 $ 40,291.71 Total $ 274,312.25 $ 20,573.42 $ 2,280.00 $ 36,076.15 $ 1,030.68 $ 2,986.28 $ 13,715.61 $ 350,974.39 PERSONNEL 2007-2008 Employers srr SEP Annual FICA Workers Health Life LJT IRA Salary 7.50% Comp Insurance Insurance Disability 5% 07-08 Director $ 105,235.07 $ 7,892.63 $ 456.00 $ 7,936.75 $ 606.96 $1,172.61 $ 5,261.75 $128,561.78 Asst. Director $ 68,000.00 $ 5,100.00 $ 456.00 $ 7,936.75 $ 238.85 $ 572.33 $ 0 $ 82,303.93 Controller $ 61,110.76 $ 4,583.31 $ 456.00 $ 7,936.75 $ 170.16 $ 572.33 $ 3,055.54 $ 77,884.91 Adm. Assistant $ 48,396.88 $ 3,629.77 $ 456.00 $ 7,936.75 $ 91.47 $ 592.30 $ 2,419.84 $ 63,523.28 Bookkeeper $ 38,245.45 $ 2,868.41 $ 456.00 $ 7,936.75 $ 170.16 $ 572.33 $ 1,912.27 $ 52,161.37 Secretary $ 29,553.46 $ 2,216.51 $ 456.00 $ 7,936.75 $ 0 $ 375.34 $ 1,477.67 $ 41,015.73 Total $ 350,541.61 $ 26,290.62 $ 2,736.00 $ 47,620.52 $ 1,277.87 $ 3,857.24 $ 14,127.08 $ 446,450.94 PERSONNEL 2008-2009 Employers srr SEP Annual FICA Workers Health Life LJT IRA Salary 7.50% Comp Insurance Insurance Disability 5% 08-09 Director $ 108,392.13 $ 8,129.41 $ 456.00 $ 8,730.43 $ 606.96 $ 1,289.87 $ 5,419.61 $ 133,024.40 Asst. Director $ 70,040.00 $ 5,253.00 $ 456.00 $ 8,730.43 $ 238.85 $ 629.56 $ 3,502.00 $ 88,849.84 Controller $ 62,944.08 $ 4,720.81 $ 456.00 $ 8,730.43 $ 170.16 $ 629.56 $ 3,147.20 $ 80,798.24 Adm. Assistant $ 49,848.79 $ 3,738.66 $ 456.00 $ 8,730.43 $ 91.47 $ 651.52 $ 2,492.44 $ 66,009.58 Bookkeeper $ 39,392.81 $ 2,954.46 $ 456.00 $ 8,730.43 $ 170.16 $ 629.56 $ 1,969.64 $ 54,303.06 Secretary $ 30,440.06 $ 2,283.00 $ 456.00 $ 8,730.43 $ 0 $ 412.88 $ 1 ,522.00 $ 43,844.37 J', Total $ 361,425.79 $ 27,079.34 $ 2,736.00 $ 52,382.57 $ 1,277.87 $ 4,242.96 $ 18,052.89 $ 466,829.49 eOMMUNITV REDEVELOPMENT AGENeV elTV OF BOVNTON BEAeH, FLORIDA elassification Description CLASSIFICATION TITLE: Bookkeeper Non-Exempt Non-eontract Position WORK OBJEeTIVE Performs highly complex accounting and technical support work of considerable variety and complexity requiring accounting and technical skills in business management and office systems technology. Position is responsible for knowledge of established procedures, departmental guidelines, legal requirements, and regulatory standards applicable to the work. Work includes coordination of accounts payable, payroll, accounts receivable, general ledger, schedules, calendars, projects and programs of the agency. Work includes handling matters of a sensitive and/or confidential nature, and requires considerable integration with outside agencies, administrative officials and the general public. ESSENTIAL FUNeTIONS Provided herein is a general description of duties that may be assigned. The Bookkeeper will report to the Controller. The CRA Executive Director reserves the right to establish, assign, reassign and redistribute work to meet business needs. The statements herein do not preclude management from assigning other duties similar in nature, complexity and responsibility to any position within this classification. · Applies principles and standards of professional accounting to the creation, modification, installation, maintenance and operation of accounting systems as may be required to assure appropriate records of all financial activities and transactions. . Performs maintenance of all financial and budgetary records. · Performs payroll, purchasing, bank reconciliations and inventory functions. · Assists with preparation of interim financial reports. · Assists with organizing agency programs, schedules and filing systems. · Scrutinizes records, transactions, entries and statements for propriety and accuracy. · Assists with insurance on all properties, personnel and the CRA Board. · Performs routine keyboard tasks when such are applicable, e.g. data entry, typing correspondence, updating accounts and records. . Maintains all accounting databases. · Performs routine clerical tasks requiring use of standard automated office systems, e.g. computers, telephones, facsimile machines, photocopiers, calculators and adding machines. ..;~ - ... KNOWLEDGE, SKILLS AND ABIL TIES . Knowledge of professional accounting principles and practices of finance operations. . Knowledge of modern office practices, procedures and equipment. . Knowledge of the application of data processing to accounting systems. . Knowledge of the pervasive influence of law on governmental accounting principles and practices. . Ability to make arithmetic computations with speed and accuracy and to perform filing, posting and other clerical work. . Ability to operate a personal computer and related software including but not limited to word processing, spreadsheet and electronic mail. . Ability to establish and maintain effective working relationships with employees and the general public, and to deal with public relations problems tactfully and courteously. MINIMUM PREFERRED QUALlFleATIONS High School Diploma/GED: vocational training or work experiences demonstrating ability to perform the essential functions of the work. Applicant must have a minimum of three years accounting experience; or an equivalent combination of education, certification, training and/or experience. The City of Boynton Beach Community Redevelopment Agency (CRA) is an Equal Opportunity Employer. In compliance with Equal Employment Opportunity guidelines and the Americans with Disabilities Act, the CRA provides reasonable accommodation to qualified individuals. with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer. I have read and understand this classification description and hereby certify that I am qualified to perform this job, with or without reasonable accommodation. ,.;~ ... 2 Professional Services: Legal: The CRA is budgeting $75,000 for 2004-2005 Legal Services based upon the average of $6,250 per month. Legal Service spending was an average of $5,609 per month for 6 months in 2003~2004. Additionally, Staff is recommending a legal reserve of $100,000 for special projects. Total Legal Services: $ 175,000 Lobbyist: Staff is recommending a joint venture partnership with the City of Boynton Beach for State and Federal lobbying, which is becoming increasing important to the CRA and our activities. Additionally, if we join with the City of Boynton Beach, the CRA gets greater input. Total Lobbyist Services: $ 60,000 eity Staff: The CRA has retained the services of the City Clerks Office for recording the minutes. The budget of $7,500 was based upon the average of $625 per month. The City Staff average for 2003~2004 was $525 per month for 6 months. Total eity Staff: $ 7,500 Contracted Services: The CRA will retain contracted service for projects specified in the 2003-2004 budget and projected projects for the 5-year budget. Staff is recommending a project reserve for additional projects the CRA wishes to take on but is unknown at this time. The following new projects are projected for the 2004/2005 year: Seacrest Corridor Study Project Reserve TBD Total New Projects 2004/2005 $ 45,000 .$ 10,245 $ 55,245 -~, "",',,,, 6 eontracted Services eRA Projects eurrent and Proposed Contract Current Billed to Expected Rolled onto Rolled onto Rolled onto Contract Date to Bill 03- 04-05 05-06 06-07 04 Design Guidelines $ 75,000 $ 37,500 $ 10,000 $ 27,500 $ 0 $ 0 BBB Phase I $ 36,000 $ 32,400 $ 3,600 $ 0 $ 0 $ 0 BBB Phase II $ 25,000 $ 7,000 $ 18,000 $ 0 $ 0 $ 0 Master Plan $ 150,000 $ 9,000 $ 16,000 $ 125,000 $ 0 $ 0 Expenses for RMPK $ 8,686 $ 5,000 $ 5,000 $ 0 $ 0 Angel Pension Group $ 750 $ 563 $ 187 $ 0 $ 0 $ 0 TCEA $ 104,000 $ 63,200 $ 40,800 $ 0 $ 0 $ 0 Jonathan Ricketts $ 294,840 $ 17,507 $ 60,775 $ 52,255 $ 83,394 $ 80,909 RBC Dain $ 20,000 $ 0 $ 10,000 $ 10,000 $ 0 $ 0 Total $ 665,590 $175,855 $164,362 $ 219,755 $ 83,394 $ 80,909 Current Contracts Rollover New Contracts 2004-2005 Total eontracted Services $ 219,755 11> 55.245 $ 275,000 Audit: The CRA will enter into a contract with an outside CPA firm in 2003 and will carry forward for a period of three years with an extension of two years available. The base fee is projected at $5,900 for 2003, 2004 and 2005 with an extension for 2006 and 2007. Staff is also proposing to leave $2,600 in the event that extra services are needed for year one and two as needed. Total Audit Services: $ 8,500 IT Support: The City's IT Department will provide for support, service and maintenance for our computer hardware, software and internet as per the approved 2003 contract. The budget for 2004-2005 contains: City of Boynton Beach IT support Carillon Accounting Software Miscellaneous Needs $ 13,000 $ 1 ,500 $ 1 ,500 Total IT Support: $ 16.00Q Staff has calculated a 5% increase per year for future budgets. Total Professional Services $ 542,000 ,.;:~ - ;... 7 Office: Rent: The eRA is proposing to continue to lease in the existing space for the 2004-2005 budget year. Year 1 Rent $1,600.00 x 12 = $ 19,200 $ 19,200 T atal Rent Future Projections - 2005 to 2009 The CRA is proposing leasing or purchasing offices in the 2005- 2006 fiscal year with 3,000/ $24 a sq. ft. of office space year rent. Year 1 Rent $6,000.00 x 12 = Year 1 CAM $ 250.00 x 12 = No increase years 3 through 5 $ 72,000 $ 3,000 $ 75,000 Maintenance and eleaning: The category of Maintenance and Cleaning will include cleaning of the CRA offices, repair and maintenance of the equipment and offices. The maintenance and cleaning was calculated at: Cleaning of offices $165 per month x 12 $ 1,980 Repair on Equipment Printer $400 per quarter $ 1,600 Equipment per year $ 250 Repair on Office Space $ 270 Total Maintenance & eleaning: $ 4,100 Office Leasehold Improvements: In the anticipation of the proposed move of the CRA offices in 2005 - 2006, Staff is anticipating a minimal cost, which may be needed for the existing offices to meet the needs of the CRA. Total Office Leasehold Improvements: $ 750 .,;:, .... 8 Office Moving Expenses: Staff is proposing to move the office in 2005-2006. Staff is calculating $2,000 for moving services for the CRA office and $7,500 to move the IT equipment. Total Office Moving Expenses 2004/2005: Total Office Moving Expenses 2005/2006: $ 0 $ 9,500 Phone: Cell phones $111.00 x 12= T-1 line $241.50 x 12= Phones $355.84 x 12 = $ 1 ,332 $ 2,898 $ 4,270 $ 8,500 Total Phone: 5% increase years 2 through 5 Electric: Year 1 Electric $180.00 x 12 $ 2,160 $ 2.160 $ 34,710 Total Electric: Total Office: Equipment Leases: The eRA is now leasing the copier and the postage machine. The contract on the copier is a three-year contract and the postage machine is a year- to-year contract. Copier $343 per month - three year lease ends 10/05 Postage $31.95 per month - one year lease $ 4,117 $ 383 $ 4,500 Total Equipment Leases: ,,~ ....' j ,.- 9 Insurance: The CRA's General Liability Insurance coverage provides coverage of all employees. The property insurance covers the contents within the CRA office. The CRA also carries a Surety Bond and Professional Insurance for the CRA and employees. Property/General Liability Surety Bond Professional $ 2,051 $ 400 $ 4.049 $ 6,500 Total Insurance: Insurance is calculated at 10% increase years two-five. Travel/Entertainment Expenses: Promotional/Business Meetings: The CRA attends business meetings with Developers, Community Groups and Professional Organizations to promote the work of the CRA and the betterment of the City of Boynton Beach. Total Promotional/Business Meetings: $ 4,500 eRA Meeting/Events: Staff is projecting several CRA Board Workshops and Events throughout the 2004-2005 year that we will produce or host. These events include the CRA/City Commission meetings, large project workshops for multiple developers and CRA Board purchase of a table for an event. Total eRA Meetings/Events: $ 2,150 Association Meetings & Seminars: It is proposed that the CRA attend the Annual Florida Redevelopment Association Conference scheduled October 2005 in St. Petersburg, Florida. Staff and Board Members will attend the conference in order to increase and update their knowledge of redevelopment and emerging issues and trends in Florida. The Florida Government Financial Officers Association (FGFOA) School of Accountancy, which is held in Ponte Vedra Beach 2004 in Fort Lauderdale, and the Annual Meeting held in Hollywood, Florida May 2005, will be attended by the Controller in order to ~, - -,.,!: 10 increase and update her knowledge on Government Finance in Florida. Staff is proposing attending 1 National (1 person attending) and 4 Regional (4 people attending) ULI Conferences and one additional seminar for educational development. The CRA will be obtaining information on several delivery services for package of the CRA in order to obtain the best price. Annual eonference for Florida Redevelopment Association to be held in St. Petersburg (8 people with 2 cars driving) Conference Registration ($275) 3 Meals per day ($41) Mileage (400 x $.31 x 3 cars) Hotel ($149 x 8 rooms x 3 days) Total $ 2,200 $ 328 $ 372 _$ 3.576 $ 6,476 1-Urban Land Institute National (1 person) Conference Registration ($470) Hotel ($150 x 3 days) Meals ($41 x 3 days) Air Fare ($600 x 1) Miscellaneous Total $ 470 $ 450 $ 123 $ 600 $ 602 $ 2,245 4-Urban Land Institute Regional (4 people) Conference Registration ($190) Mileage ($150 x $.31 x 2 cars) Meals ($41 x 4 people x 4 days) Total $ 760 $ 86 $ 656 $ 1,502 $ 260 $ 185 $ 155 $ 600 FGFOA - Annual eonference (1 person) Registration Meals ($41 x 5) Miles (100 x $.31 x 5 days) Total Staff is allotting $399.00 for Association meetings, which would be Chamber of Commerce luncheons and FGFOA luncheons. Total Association Meetings & Seminars: $ 11,222 ..:\... 7~ 11 Mileage & Delivery Services: Mileage & delivery services include Federal Express, UPS and the US Post Office for package to and from the CRA. The average for the first six months was $90 per month. Total Mileage & Delivery Services: $ 1,080 Car Allowance Director: The Director is allotted a car allowance of $3,708 per year. We are factoring in a 3% increase for inflation. Total ear Allowance Director: $ 3.708 $ 22,600 Total Travel/Entertainment Expenses: Office Equipment & Supplies Office Expenses: The CRA Board supplies, office drinks, paper products and cleaning supplies are accounted for under Office Expense. The average office expense is $120 per month for 2003-2004. Total Office Expenses: $ 1,500 Office Supplies: The CRA office supplies are pens, paper, disk, ink and general office products. The average office expense is $825 per month for 2003-2004. Total Office Supplies: $ 9,500 Office Equipment/Furniture: The eRA will need a computer, an additional accounting software license and desk setup for the Bookkeeper. Additionally, Staff is recommending the purchase of a new printer to print checks and laptop computer, which will be used when Staff is traveling for CRA business or training. Computer-CPU, Monitor & Key Board Accounting Software License Office Furniture & Upgrade Color Laser Printer Printer-Checks ~, ~." $ $ $ $ $ 1,100 1,000 2,500 3,000 500 12 Laptop $ 1 ,900 $ 1o,PQ9 $ 21,000 Total Office Equipment/Furniture: Total Office Equipment/Supplies License, Books, Publication: Licenses, Fees, Permits: The CRA will incur expenses for licenses, fees or permits which are not project related. Total Licenses, Fees, Permits: $ 1 ,250 Memberships & Publications: The CRA also uses several publications in general every day operations, for grant sources, business incubator ideas and trends for redevelopment within CRA Areas. Membership/Subscriptions: Chamber of Commerce FRA ULI Chronicle of Philanthropy Palm Beach Post Sun Sentinel PB Convention & Visitors Bureau FGFOA GFOA The Florida Business Journal Downtown Idea Exchange Downtown Promotion Reporter HR Specialist International Downtown Association $ 225 $ 595 $ 475 $ 70 $ 133 $ 168 $ 750 $ 35 $ 170 $ 96 $ 185 $ 185 $ 97 $ 800 $ 3,984 Total Membership/Subscriptions: Books & Publications: Reference Books, Information Sources, etc. $ 1.000 $ 1.000 $ 6,234 Total Books & Publications: Total Licenses, Books, Publication: -,.;~ 13 Advertising - Public & Legal Notices: During the year, the CRA will need to advertise and place public and legal notices, which are not project related, for the general needs such as workshops, ordinances, etc. $1,500 has been proposed for 2004-2005. Total Advertising $ 1 ,500 eareer Development: The CRA is proposing $3,000 for career development of the eRA Staff. FRA - eRA eertification Program (3 people x 3 classes) Registration ($85) Meals ($41 x 3 people x 3 classes) Mileage (80 x $.31 x 3 days) Total $ 765 $ 369 $ 74 $ 1,208 FGFOA - School of Government Accounting (1 person) Registration $ 190 Meals ($41 x 5) $ 205 Miles (100 X $.31 x 5 days) $ 155 Total $ 550 Reserve To Be Announced $ 1.242 Total eareer Development: $ 3,000 Office Printing: Office Printing Expense: CRA Office Printing includes envelopes, letterhead, business cards, printing for reproductions of maps, prints, large scale scanning, pictures of larger sizes or JPEGS format for the project books and CRA projects for a total of $2,500. Total Office Printing Expense: $ 2,500 Newsletter - Quarterly: Staff is proposing a quarterly newsletter, which will be produced by third party with printing and distribution in-house. Printing In-kind Sponsorship Layout In-kind Sponsorship Mailing ,., In-kind Sponsorship 14 Labeling Miscellaneous ~ $625 per quarter In-kind Sponsorship .$ 2,500 $ 2,500 Total Newsletter: Printing - Annual Reports, Brochures: Staff is proposing the development of a set of brochures explaining CRA services, information on the redevelopment within the CRA area and an annual report for the public. These publications will be developed and printed by an outside source for a total of $15,000. Total Printing: S 15.000 $ 20,000 Total Office Printing: Debt Service: The CRA has a loan with Bank of America. The starting balance as of October 1,2004 is $2,616,351.08 at a 6.56% interest rate. Total Debt Service: S 317.29~ TOTAL OPERATING EXPENSES: $1,287,632 15 PROGRAMS Website Expansion: The CRA started the website in 2002-2003 with the basic designs and some features. The website was completely developed in 2003-2004. The CRA is proposing to expand our website to include graphics on projects and links to project sites, links to the City of Boynton Beach and other advanced features in 2004-2005. Staff has budgeted a cost of $15,000 to maintain the site. Total Web Site Expansion: $ 15,000 Police: Staff initialed a pilot program, the CRA police program, which was on contact for the fiscal year 2003-2004. Future year's contracts are not automatically approved or extended. Heart of Boynton: The CRA and Boynton Beach Police Department entered into a pilot program for special police within the "Heart of Boynton" and the "Central Business District" boundaries. Zone three is that area within the CRA bounded by the C-16 canal on the north, Boynton Beach Blvd. on the south, 1-95 on the west and the Intercoastal Waterway on the east. This is an area that for many years experienced a high volume of police activity and calls for service. The CRA Board will receive a full report from the Boynton Beach Police Department on the progress of the CRA Special Police. The budget for two officers and related costs is $175,000. eentral Business District: Due to the influx of visitors as well as the new construction within the downtown and Marina redevelopment area, the CRA Board approved a contract between the CRA and the City of Boynton Beach for special police. The CRA Board will receive a full report from the Boynton Beach Police Department on the progress of the CRA Special Police. The budget for two officers and related costs is $175,000. Note that the first expenditures for the program in 2003/2004 had a large share of the funding for equipment. 2004/2005 can see ,,;. -1"'- 16 additional officer time or number for the same funding amount due to a lesser amount of funding being expanded for equipment. Total Police Program: $ 350,000 Transportatio nlTrolley: Staff is proposing this as a pilot program, which is on contract and can be modified and / or cancelled at any given time. Future years' contracts are not automatically approved or extended. The CRA is proposing a trolley system to help move people around the Central Business District to avoid the congestion within high-density areas and to transport workers from the Heart of Boynton to jobs located on Congress Avenue as well as other areas of Boynton Beach. We are proposing to contract for services of system operation. The proposed shuttles, of which there are three trolleys for two routes, will provide transportation 5 days a week with traditional quality vehicles, a high caliber staff and a strong management team. Staff is proposing two routes; the Ocean Avenue Trolley and the Congress Avenue Trolley. The Ocean Avenue Trolley is a local circulator which will transport people to parking areas at City Hall and the Civic Center, thereby relieving traffic congestion and parking issues. The Trolley route is proposed as a 15 minute loop from the Marina to the Civic Center and City Hall and back. The trolley would run Thursday through Sunday. All vehicles are the correct passenger size to move substantial number of passengers but is nimble enough to maneuver around downtown. The contractor will be required to be fully licensed and insured. The Congress Avenue Trolley is a local circulator which will transport workers from the Heart of Boynton and downtown Boynton Beach to Tri- Rail and employers located on Congress Avenue. The Trolley route proposed would circulate through the Heart of Boynton up to Gateway past the retirement villages of Royal on the Green and Village Royal over to the Tri-Rail Station and on to the Boynton Beach Mall and businesses on Congress Avenue. These vehicles are enclosed verses open style of trolley used in the Ocean Avenue Trolley. The trolley will be able to move a substantial number of passengers but will be nimble enough to maneuver around downtown. The Contractor will be required to be fully licensed and insured. The proposed trolley budget for 2004-2005 is $471,966, which includes $170,131 eRA contribution, 120,000 Metropolitan Planning Organization (MPO) Grants, and $181,835 advertising and sponsorships. Staff has applied for a three year grant of $120,000 per year for three trolleys with the MPO, which will meet on July 28, 2004 to approve the grant ~, ~ .. 17 recipients and award contracts. Staff will also bring forward an advertising and sponsorship plan to help with trolley funding. Exact scheduling will be developed with the area businesses and parking needs assessment. "Congress Avenue Trolley" Expenses Variable Cost 2004-2005 2005.2006 2006-2007 2007-2008 2008-2009 Total Driver $ 72,800 $ 72,800 $ 72,800 $ 72,800 $ 72,800 $ 364,000 Cleaning $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 5,000 Fuel $ 23,400 $ 23,400 $ 23,400 $ 23,400 $ 23,400 $ 117,000 Maintenance $ 25,935 $ 25,935 $ 25,932 $ 25,932 $ 25,932 $ 129,666 Total Variable Cost $ 123,135 $ 123,135 $ 123,132 $ 123,132 $ 123,132 $ 615,666 Fixed Cost Signs $ 5,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 9,000 Shelters & Benches $ 0 $ 0 $ 0 $ 0 $ 5,000 $ 5,000 Trolley $ 96,000 $ 96,000 $ 96,000 $ 96,000 $ 96,000 $ 480,000 Insurance $ 21,600 $ 21,600 $ 21,600 $ 21,600 $ 21,600 $ 108,000 Storage $ 3,600 $ 3,600 $ 3,600 $ 3,600 $ 3,600 $ 18,000 Administration $ 500 $ 500 $ 500 $ 500 $ 500 $ 2,500 Management $ 72,000 $ 72,000 $ 72,000 $ 72,000 $ 72,000 $ 360,000 Total Fixed Cost $ 193,700 $ 193,700 $ 193,700 $ 193,700 $ 193,700 $ 968,500 Total Cost Congress $ 316,835 $ 316,835 $ 316,832 $ 316,832 $ 316,832 $ 1,584,166 "Ocean Avenue Trolley" Expenses Variable Cost 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 Total Driver $ 38,223 $ 40,131 $ 42,151 $ 44,253 $ 46,465 $ 211,223 Cleaning $ 3,380 $ 4,096 $ 3,380 $ 3,380 $ 3,380 $ 17,616 Fuel $ 12,285 $ 12,285 $ 12,984 $ 12,285 $ 12,285 $ 62,124 Maintenance $ 3,443 $ 3,413 $ 3,413 $ 4,010 $ 3,798 $ 18,077 Total Variable Cost $ 57,331 $ 59,925 $ 61,928 $ 63,928 $ 65,928 $ 309,040 Fixed Cost Signs $ 5,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 9,000 Shelter & Benches $ $ $ $ $ 5,000 $ 5,000 Trolley $ 47,775 $ 47,775 $ 47,775 $ 47,775 $ 47,775 $ 238,875 Insurance $ 10,800 $ 10,800 $ 10,800 $ 10,800 $ 10,800 $ 54,000 Storage $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 15,000 Management $ 31,259 $ 28,665 $ 28,665 $ 28,665 $ 28,665 $ 145,919 Total Fixed Cost $ 97,834 $ 91,240 $ 91,240 $ 91,240 $ 96,240 $ 467,794 Total Cost Ocean $ 155165 $ 151 165 $ 153 168 $ 155168 $ 162168 $ 776 834 System Total $ 472.000 $ 468 000 $ 470 000 $ 472.000 $ 479.000 $ 2 361 000 ~, ... 18 If a grant is not secured, Staff recommends the "Ocean Avenue" Trolley route at a cost of $150,000 be undertaken by the eRA. Some costs could be recaptured by advertising and developer fees. Total Trolley Program without Grants $ 150,000 $ 472,000 Total Trolley Programs with Grants: Festivals & Events: The CRA is proposing three events, which include Winter Carnival, Heritage Festival and a monthly Movie Event. The CRA will seek new partnerships with the local business non-profits associations and arts community, while retaining the old partnership with the Chamber of Commerce, BODA and the City of Boynton Beach, in order to build successful self-sufficient events. While past events continue to grow, the single most effective element to significantly expand event potential is to enrich the quality of the entertainment. Staff is committed to the development of sponsorship relationships for additional funding for national performance acts for Heritage Festival and Winter Carnival. Additionally, the quality of entertainment has been proven to be a direct driving force to the number of people who attend events. An increase in funding for better entertainment will increase the attendance which will result in a stronger possibility for a revenue stream. That revenue stream could be a small gate fee, which will assist in attaining the ultimate goal of the CRA which is to assist our partners to develop financially independent events. Finally, staff is proposing additional funding, which will be used towards the goal of improving the quality of entertainment for the events. The current budget per event has been $7,500. Staff is recommending $12,000 x 3 = $36,000 for three events. Heritage Fest continued CRA support will result in bringing people to the redevelopment area, and improving and managing perception of the area. As with all events within the CRA boundaries, they strive to attract economic re-investment. In order to achieve this goal, events are placed in the heart of the CRA activity area, for example, the MLK area. One of many by products is the involvement of the young people in the neighborhood. The CRA funding and staff support was instrumental in achieving a recent milestone. Continued CRA support will be necessary for the event to continue to make positive strides. Support in the Heart of Boynton will assist in rebuilding the reputation of the area and shed a more positive light. Continuous events in the area will not only aid in economically rebuilding the area but help to put in perspective the perceptions about t~,e ~rea. 19 HeritageFest 2005 Caribbean Night Entertainment $ 8,000 (Jamaican, Haitian, Spanish, Trinidad and Tobago) DJ/MC $ 300 Hospitality VIP Tent $ 850 Airline Tickets $ 750 Light & Sound $ 850 Port-O-Lets $ 250 Limousine $ 500 Total $ 12,000 The Boynton Beach Multi-eultural Winter earnival in past years has been a partnership between the CRA and Boynton Ocean District Association. This holiday themed carnival celebrates the diversity in culture that exists in Boynton Beach and the neighboring cities. The elements of the event, specifically the International Market Place, Talent Show Case and the Snow Volleyball Tournament, have been designed to appeal to families who celebrate Kwanzaa, Christmas and Hanukkah and increase attendance by attracting families and friends to support the competitors. Goals of the CRA are: retention of people downtown, business development and potential fundraising. Improvements for 2005 are to place significant emphasis on attaining national entertainment, reduce disconnect between the carnival rides and the rest of the event site and increase revenues corporate sponsorship and increase attendance and vendor participation. Boynton Beach Multi-eultural Winter earn ivai Kwanzaa / Hanukkah Booths Ice Skating Rink Snow Ice Machine Kids Zone Radio Me Production Sound Port-O-Iets Photography Trophies Art Supplies Entertainment T-Shirts Refreshments for the Bands Adopt a Family Total ~, - '-'!-- 20 $ 200 $ 924 $ 620 $ 875 $ 900 $ 250 $ 1,350 $ 349 $ 74 $ 86 $ 40 $ 5,000 $ 232 $ 100 $ 1,000 $ 12,000 "Movies on the Avenue" is proposed to be a monthly event. The event would take place the second Friday of each month on the five hundred block of Ocean Avenue. Bob Katz, the owner of the lot located at 502 East Ocean Avenue, has not only granted the use of the property for the endeavor but will be addressing some elements that will make the site more conducive to the proposed use. Those elements include painting the western external wall of the building on 506 east ocean avenue for the projection of the movies and grading of the adjoining lot and finishing with mulch. The event will be free to the public however paid elements will include: Chair rental, food and beverages (to be provided by vendors). The event will adopt a 50's 160's theme and invited participants will include local car and bike clubs. Movies will be thematic "Beach Blanket," "Elvis," "Greece," "Rebel without a Cause," etc. "Movies on the Avenue" is proposed to be a partnership among the City, the CRA and Bob Katz Properties and each partner will provide specific elements. The event was designed as replacements for the annual event know as "Wheels Weekend". For a variety of reasons the Chamber of Commerce has terminated their annual car show typically held on day two of the weekend's activities. Consequently, Saturday's events had to be redesigned. It was determined that keeping the theme would be advantageous because the "Wheels Weekend" event had developed a significant following which we hope will continue to support the new event. The proposed plan calls for seven smaller events on a monthly basis. The goal of the event is to increase economic impact in the downtown on a more consistent basis and give residents and visitors more opportunities to visit and patronize the businesses in the downtown area. Location: 2nd Friday of Each Month (October, November, December, January, February, March, April) 502 E Ocean Ave. When: Proposed Start Date: October, 2004 Movie Equipment: Contacted Southern Audio Visual License: Contacted Criterion Pictures USA and Swank Motion Pictures, Inc. ...~ ~ .. 21 Proposed Monthly Budget: LCD Projector, Sound System, Engineer Movies/Licensing 3 Port-O-Let Entertainment/Music/Band Promotions/Mailings City Generator /Staff ($32.50 per hour) Total Annual (Required sponsorship required) Alternate Proposed Budget LCD Projector Sound System, Engineer Movies/Licensing 3 Port-O-Let Entertainment/Music/Band Promotions/Mailings City Generator /Staff ($32.50 per hour) Total Annual $ 1 ,165 $ 350 $ 225 $ 500 $ 100 $ 200 $ 2,540 $ 17,780 donated or sponsored $ 265 $ 350 $ 225 $ 500 $ 100 $ 200 $ 1,360 $ 9,520 Potential Revenue Sources: Vendors, chair rental, corporate sponsorship Partners eontributions: eRA: Promotions, Movies, Licensing, Technical Support, Equipment, Port 0 Lets, and Police Officers eity: Barricades, Caution Cones, Proportional Opportunities, Trash Receptacles, Generator/staff Bob Katz Properties: Site eurrent eompeting Events: Lake Worth 1st and 3rd Fridays Customs: Hot Rods, Abacoa 1st Saturday, Delray Old School Square Movie night flicks 10/29, 11/26,12/17 1/28 2/25, 3/25 4/29 Ocean Front Concert Series: 3rd Friday of each month Festivals/Events (3@ $12,000) -:' .....7.:,.- 22 $ 36,000 State-of-the-eRA & Recognition Event - Attendance Projected 200 Staff is proposing the creation of an annual event "State-of-the- CRA" & Recognition Program for the 2004-2005 budget year. This program would update the public on the development, programs and projects of the CRA as well as recognition for a job well done in the following categories; Facade Improvement Project, Best New Project, Business of the Year, Sponsor of the Year, Non-Profit group of the Year, Volunteer of the Year, Board Member Service Award. Revenue Ticket sales (150 @ $45) Total Revenue $ 6,750 $ 500 $ 3,000 $ 5,000 $ 500 $ 500 $ 100 ~ 9.600 $ 2,850 Expenses Entertainment Speaker Catering ($25.00 per person) Promotions, invitations, etc Award Plaques (9 @ $50) Mailings Total Expenses Total "State of the eRA"(Net) Festival/Event Support Programs Festival Administration and Event Manuals After each event, an event manual is produced. The manuals are road maps that detail the logistics of each event along with sample documents and tools used in the design and implementation phases. The manuals are made available to anyone interested in viewing the information. These manuals serve a dual purpose: first, as a road map for the event, they enable planning for future years to be less difficult and cumbersome and second, they can be used by other organizations as a guide for designing successful events. Folders (6 @ $5.00) Tabs (6 @ $7.00) Miscellaneous Total $ 30 $ 42 $ 1 .428 $ 1,500 ~, ~;-'!' 23 Sponsorship Development Program The Sponsorship Development Program is proposed to be a systemic approach to increasing sponsorship participation or the budgeted CRA events. Currently, our sponsors are committing to events on a per event basis. The program will bundle all of the events and aim to get multiple year commitments. The program will be implemented in the following phases: Creation of a marketing piece targeted to getting new corporate sponsors, contact existing sponsors and attempt to increase their level of participation and recognition for participation at the Annual "State-of the CRA"/Recognition Event. Promotions (Brochures Paper 5 packs) $ 35 Mailings (5 mailings of 50 @ .37) $ 93 Miscellaneous $ 372 Total $ 500 Volunteer Development Program Boynton Beach is a city that is currently in an infancy stage as it relates to events. While historically there have been events, they have been sporadic and their growth has been impeded by many economical and social factors. As a result, a base of volunteers has not been established and more significantly not maintained. The existing groups of volunteers are dedicated however; they are weary because of the quantity of time they donate and the small size of the group. The Volunteer Development Program is proposed as a conscious choice to develop, maintain and educate a select group of citizens to become volunteers. The program will have three phases: Identification of current sources for volunteers, design and implementation of a marketing plan and design and implementation of an interaction schedule. The program will focus on creating a group large enough in size to manage the current budgeted events and festivals identified in the CRA's Events Strategic Plan. The program will focus on continuous communication with citizens before, during and after each event. In addition, the program will create vehicles for the volunteers to provide feedback and suggestions to ~'6.vent organizers. Contributions will be 24 recognized at each event wrap-up but also at the Annual "State-of-the-CRA"/Recognition Event. Promotions Brochures (Paper 5 packs) $ 35 Mailings (5 mailings of 50 @ .37) $ 186 Wrap-up Events (5 events @ $200) $ 1,029 Total $ 1,250 Total Festival/Event Support Programs $ 3.250 $ 42,100 Total Festivals/Events: Business Programs: The Business Genesis Program was approved on March 9, 2004. Program activities and funding for 2004/2005 will be for Phases III and V plus a Development Fair. Business Genesis Program Budget: Development Fair Phase II Phase III Misc. expenses Phase IV (14 Monthly Meetings $150) Phase V (Miscellaneous expenses) Graduation Event Office Expenses, Miscellaneous, Postage $ 1,250 $ 300 $ 200 $ 2,100 $ 500 $ 1,500 $ 1.000 $ 6,850 Total Business Programs Holiday & Events Street Decor: The CRA has several banner areas on main streets in the CRA area. Staff is recommending $10,000 for Holiday Decorations in cooperation with the City of Boynton Beach and $5,000 for event banners. Total Holiday & Events Street: $ 15,000 Marketi ng/Promotions: Public Relations Photo Display Boards (2 per event) Appreciation Certificates (20 per event) Promotions (Paper 5 packs) Mailings (5 mailings of 50 @ .37) Holiday Mailings (post cards) Promotional Materials Framing (5@$45) Total ~ ... $ 300 $ 95 $ 35 $ 95 $ 60 $ 1 ,000 $ 225 $ 1 ,825 25 Neighborhood Groups and Associations (BODA, Chamber, City Events/Activities Expand Public Access to CRA Meetings, Info and Resources) Mailings (5 mailings of 135 @ $.37) $ 250 Total $ 250 Total Marketing/Promotions: $ 2,075 Fagade Grants: The CRA's $56,628 for the Fa9ade Matching Grant program has encouraged $169,775 in Private Sector investment in 2003-2004. The enhancement of existing commercial buildings ensures a complete unified look in the City of Boynton Beach. In 2002-03, we had three grant recipients and in 2003-04, we almost doubled that to five recipients. Staff is projecting a 60% increase in 2004-05 for a total of six recipients @ $15,000 each for a total of $90,000 and $10,000 for the Community Youth Grant program, which is new. New Grants Roll Over Grants $ 100,000 $ 75.000 $ 175,000 Total Fagade Grants Economic Business Grant Match: The CRA has assumed the County's Development Regions Grant Program for the Boynton Beach CRA Area. This is a matching grant program for business development and job creation in conjunction with the Palm Beach County Economic Development Department. Generally, the match is 1/3 Applicant, 1/3 CRA and 1/3 County. The CRA has set aside funding in the Economic Business Grant Match. In 2002/2003, we had two recipients. The CRA has continued this program in 2003/04 to help local businesses compete in the changing redevelopment environment. Delray Boynton Academy received a grant for $50,000, which was matched by the County and added $805,502 into the economy with 10 new jobs created. Based upon one recipient from 2003/04, Staff is forecasting two recipients for the 2004/05 year with a grant for $100,000. New Grants Roll Over Grants $ 100,000 $ 85.000 $ 185,000 Total Economic Business Grants ~, _ .0: 26 Direct Incentives: The Direct Incentive Program is the eRA's primary development incentive program that is in support of the best of the best projects. Direct Incentives are generally paid after the project has appeared on the tax assessor's tax rolls. The budget line item projection reflects the maximum potential incentive per project; therefore, incentive cost may be less if scoring does not meet full impacts. Total Direct Incentives: $ o Direct Incentives Loan (Arches): The Direct Incentive Loan program is a request for upfront loading on the Direct Incentive request. This one time loan received approval by the CRA Board in November 2003. Total Direct Incentives Loan (Arches): $ o TOTAL PROGRAM: $1,263,025 ":'... -' ," 27 PROJECTS eRA Office: Staff is recommending a down payment of $300,000 for the purchase of a building or land. Total eRA Offices: $ 300,000 BBB/Riverwalk/Promenade Project: Construction started in 2004 on the construction of the Boynton Beach Blvd Extension, Promenade/Riverwalk Design Build Project. Burkhardt Construction has presented the cost of $19,345,207 and completion date of April 2007 for the completion of the project. Staff has broken the cost of each phase into fiscal years and the costs for 2004-2005 are as follows: Boynton Beach Blvd. Extension Riverwalk Promenade $ 2,552,872 $ 244,736 $ j .557.21~ $ 4,354,823 Total eost for 2004-2005 years: Staff has broken the project into cost per each phase of the project as follows: Boynton Beach Blvd. Extension Riverwalk Promenade $ 7,187,580 $ 8,486,269 $ 4.012.589 $19,686,438 Total BBB/Riverwalk/Promenade Project BBB Land Payment: The CRA is projected to contribute an additional $1,000,000 for the Hall Property. Total BBB Land Payment: $ 1,000,000 HOB eommercial Land Acquisition: The CRA will assemble projects in Phase I for redevelopment in the Heart of Boynton area. Total HOB eommercial Land Acquisition: $ 2,000,000 ~\ --- ~" 28 Way-Finding Signage: The first round of signs for the local Business Districts, City Attractions and Facilities, Public Parking and Transportation linkage points was completed in 2003-2004. Proposed is a second round of signs in our Way- Finding Sign program. Total Way-Finding Signage: $ 50,000 Marina Parking Garage: The CRA Board approved the proposed garage to provide 70 spaces for both general public in the Marina District. The project will be completed in 2005-2006. Total Marina Parking Garage: $ 750,000 Town Square Project Development: The funding is in partnership with the City of Boynton Beach to implement a Town Square development Program. Total Town Square Project development: $ 50,000 Savage ereatures Museum: This funding is to begin the next step towards potential establishment of the Savage Creature Museum concept in Boynton. Total Savage ereatures Museum: $ 175,000 Miscellaneous Projects: This category shall be for any special projects that may occur, which need to be completed by the CRA. Total Miscellaneous Projects: $ 45,000 NOTE: Savage ereatures, Old High School Renovation and Town Square may emerge as requiring eRA Fund Underwriting as seed or grant matching funding. These opportunities would be addressed as they occur on a case by case basis. Several options and sources for funding would be available for eRA participation, if approved by the Board. TOTAL PROJECTS: $8,424,823 >~ - ... 29 City of Boynton Beach Community Redevelopment Agency Forecast for Expenditures Ending September 30, 2004 Please find attached the projected final budget of the CRA Budget for September 30, 2004. The following notes highlight all major items within the budget in an attempt to provide insight as to our projected expenses and income through the end of September in order to finish out the 2003~2004 year. All budgeted items may be considered individually or as a group for discussion. Please review and give direction to staff. REVENUE: TIF Funds: TIF Funds received: $2.517.635 $2,517,635 Total TIF Funds: Interest Income: Staff is projecting $6,600.00 per month in interest based on the average of the first seven months at a declining rate. Interest Income received to date: Interest Income to be received: $ 43,016 $ 31.984 $ 75,000 Total Interest Income: TOTAL REVENUE: $2,593,350 1 EXPENSES: Personnel: This budget category includes four positions, Executive Director, Administrative Assistant, Controller, and Secretary. Salary and benefits will total $251,000 for 03-04, which is within the $253,602 budget. Personnel Cost spent to date: Personal Cost to be spent $ 162,061 $ 92.145 $ 254,206 Total Personnel: Professional Services: The following services and studies have been contracted for the remainder of the 2003-2004 Budget Year: Legal spent to date: Legal to be spent: Total Legal City Staff spent to date: City Staff to be spent: Total City Staff $ 43,150 .$ 33,592 $ 76,742 $ 2,907 .$ 3,093 $ 6,000 $ 175,856 .$ 164.361 $ 340,217 Contracted Services spent to date: Contracted Services to be spent: Total Contracted Service ntract Current Billed to Date Expected to Rolled onto Rolled onto Rotted onto Contract Bill 03-04 04-05 & New 05-06 & New 06-07 II New Proiects Proiects - ielines $ 75,000 $ 37,500 $ 10,000 $ 27,500 $ 0 $ 0 ohase I $ 36,000 $ 32,400 $ 3,600 $ 0 $ 0 $ 0 hase II $ 25,000 $ 7,000 $ 18,000 $ 0 $ 0 $ 0 e.Olan $ 150,000 $ 9,000 $ 16,000 $ 125,000 $ 0 $ 0 - $ $ $ $ 0 $ 0 ~ 8,686 5,000 5,000 r1~ 'sion Group $ 750 $ 563 $ 187 $ 0 $ 0 $ 0 $ 104,000 $ 63,200 $ 40,800 $ 0 $ 0 $ 0 ~ketts $ 294,840 $ 17,507 $ 60,774 $ 52,255 $ 83,394 $ 80,909 - $ $ 10,000 $ $ $ $ 20,000 0 10,000 0 0 - $ 705,590 $175,856 $164,361 $ 219,755 $83,394 $ 80,909 2 EXPENSES: Personnel: This budget category includes four positions, Executive Director, Administrative Assistant, Controller, and Secretary. Salary and benefits will total $251,000 for 03-04, which is within the $253,602 budget. Personnel Cost spent to date: Personal Cost to be spent $ 162,061 $ 92.145 $ 254,206 Total Personnel: Professional Services: The following services and studies have been contracted for the remainder of the 2003-2004 Budget Year: Legal spent to date: Legal to be spent: Total Legal City Staff spent to date: City Staff to be spent: Total City Staff $ 43,150 $ 33,592 $ 76,742 $ 2,907 $ 3,093 $ 6,000 $ 175,856 $ 164,361 $ 340,217 Contracted Services spent to date: Contracted Services to be spent: Total Contracted Service Contract Current Billed to Date Expected to Rolled onto Rolled onto Rolled onto Contract Bill 03-04 04-05 & New 05-06 & New 06-07 & New Projects Projects Projects Guidelines $ 75,000 $ 37,500 $ 10,000 $ 27,500 $ 0 $ 0 BBB Phase I $ 36,000 $ 32,400 $ 3,600 $ 0 $ 0 $ 0 BBB Phase II $ 25,000 $ 7,000 $ 18,000 $ 0 $ 0 $ 0 Master Plan $ 150,000 $ 9,000 $ 16,000 $ 125,000 $ 0 $ 0 Expenses $ 8,686 $ 5,000 $ 5,000 $ 0 $ 0 Angel Pension Group $ 750 $ 563 $ 187 $ 0 $ 0 $ 0 TCEA $ 104,000 $ 63,200 $ 40,800 $ 0 $ 0 $ 0 Jonathan Ricketts $ 294,840 $ 17,507 $ 60,774 $ 52,255 $ 83,394 $ 80,909 RBC Dain $ 20,000 $ 0 $ 10,000 $ 10,000 $ 0 $ 0 Total $ 705,590 $175,856 $164,361 $ 219,755 $83,394 $ 80,909 2 Audit spent to date: $ 5,975 Audit Services to be spent : $ 1.525 Audit Total $ 7,500 IT Support spent to date: $ 1 0,455 IT Support move to new office $ 1,500 IT Support to be spent: $ 2.905 IT Support Total $ 14.860 Total Professional Services 2004/2005: $ 445,319 eontracted Services rolled in 2004/2005 $ 219,755 Office Lease/Utilities: The CRA is now leasing offices from Gene Moore with the office, conference area, and workspace within the same room. Rent spent to date: $ 9,301 Rent to be spent: $ 4.811 Total Rent $ 14,112 Maint. & Cleaning spent to date: $ 2,526 Maint. & Cleaning to be spent: $ 824 Total Maint. & Cleaning $ 3,350 Office Leasehold Services spent to date:$ 0 Office Leasehold Services to be spent: $ 1.500 Total Office Leasehold Service $ 1,500 Phone spent to date: $ 3,839 Phone to be spent: $ 3,961 Total Phone: $ 7,800 Office Moving spent to date: $ 0 Office Moving to be spent $ 2,250 Total Office Moving $ 2,250 Electric spent to date: $ 1,382 Electric to be spent: $ 493 Total Electric $ 1.875 Total Office Lease/Utilities 2004/2005: $ 30,887 3 Equipment Leases: The CRA is leasing the copier and a postage machine. The contract on the copier is a three-year contract and the postage machine is a year-to-year contract. Equipment Lease spent to date: Equipment Lease to be spent: $ 2,559 $ 1.797 $ 4,356 Total Equipment Lease: Insurance: All insurance have been spent to date for the 2003-2004 budget year. Property/general spent to date: Bond spent to date: Professional spent to date: $ 1 ,438 $ 373 $ 3.900 $ 5,711 Total Insurance: Travel/Entertainment Expenses: The CRA attends business meetings with developers, community groups, and professional organizations to promote the work of the CRA and the betterment of the City of Boynton Beach. The following amounts have been budgeted for the remainder of the 2003-2004 Budget Year. Promotional/Business spent to date: $ 2,180 Promotional/Business to be spent: $ 2,620 Total Promotional/Business $ 4,800 CRA Meetings/Events spent to date: $ 1,075 CRA Meetings/Events to be spent: $ 1,925 Total CRA Meetings/Events $ 3,000 Association Meetings spent to date: $ 4,684 Association Meetings to be spent: $ 2,555 Total Association Meetings $ 7,239 Mileage & Delivery spent to date: $ 687 Mileage & Delivery to be spent: $ 393 Total Mileage & Delivery: $ 1,080 Call Allowance spent to date: $ 2,215 Call Allowance to be spent: $ 1,385 Total Call Allowance $ 3.600 4 Total Travel/Entertainment Expenses: $ 19,719 Office/Equipment Supplies: The following amounts have been budgeted for the remainder of the 2003-2004 Budget Year. Office Expense spent to date: $ 714 Office Expense to be spent: $ 786 Total Office Expense $ 1,500 Office Supplies spent to date: $ 6,423 Office Supplies to be spent: $ 2,577 Total Office Supplies: $ 9,000 Office Equipment spent to date: $ 1,568 Office Equipment to be spent: $ 5,932 Total Office Equipment $ 7.500 Total Office/Equipment Supplies: $ 18,000 Advertising & Public Notices: The CRA has budgeted $3,365.50 for advertisement and placement public notices, which are not project related. Advertising & Public spent to date: Advertising & Public to be spent: $ 635 $ 1 ,365 $ 2.000 Total Advertising & Public Notices: Licenses, Membership & Subscription, Books & Publication: The CRA can incur expenses for licenses, fees, or permits which are not project related. The CRA also uses several publications in general every day operations, for grant sources, business incubator ideas, and trends for redevelopment within CRA Areas. Licenses, Fees, Permits spent to date: $ 275 Licenses, Fees, Permits to be spent: $ 975 Total Licenses, Fees, Permits $ 1,250 Memberships spent to date: $ 2,010 Memberships to be spent: $ 1,842 Total Memberships: $ 3,852 Books & Publications spent to date: $ 333 Books & Publications to be spent: $ 167 Total Books & Publications: $ 500 5 Total Licenses, Membership & Subscription Books & Publication: $ 5,602 eareer Development: The CRA has proposed to spend $1,000 on career development of the CRA Staff, which benefits the CRA and the general public. Career Development spent to date: Career Development to be spent: $ 1 ,357 $ 2.643 $ 4,000 Total eareer Development: Office Printing Expense: The CRA produces projects books broken down into North and South Federal Highway, Boynton Beach Blvd, Heart of Boynton and the Central Business District. Office Printing spent to date: $ 275 Office Printing to be spent: $ 975 Total Office Printing $ 4,500 Newsletter spent to date: $ 0 Newsletter to be spent: $ 0 Total Newsletter: $ 0 Printing Annual Reports spent to date: $ 980 Printing Annual Reports to be spent: $ 16.520 Total Printing Annual Reports: $ 17.500 Total Office Printing Expense: $ 22,000 Debt Service: The CRA has a loan with Bank of America and will have a loan payment due in September, which is budgeted in the 2003-20004 Budget Year. Debt Service spent to date: Debt Service to be spent: $ 150,878 $ 166.420 $ 317,298 Total Debt Service: TOTAL EXPENSES: $1,103,348 6 PROGRAMS Web Site Development: Web Site spent to date: Web Site to be spent: $ 9,950 $ 10.050 $ 20,000 Total Web Site: Police: Police spent to date: Police to be spent: $ 0 $ 250.000 Total Police: $ 250,000 Festivals &Events: The CRA is also proposing a business program to help local business compete in the emerging CRA market with in the 2003-2004 year. Festivals &Events spent to date: $ 23,144 Festivals &Events to be date: $ 6.856 Total Festivals &Events: $ 30,000 Total Business Development: Business Development spent to date: $ 0 Business Development to be spent: $ 15.000 Total Business Development: $ 15,000 Holiday & Events Street Decor: Holiday & Events Decor spent to date: $ 0 Holiday & Events Decor to be spent: $ 5.000 Total Holiday & Events Street Decor: $ 5,000 7 Fac;ade Grants: This program was established as a matching grant programs dollar for dollar up to $15,000. Fac;ade Grants spent to date: Fac;ade Grants to be spent: $ 18,253 $ 16.747 $ 35,000 $ 75,000 Total Fac;ade Grants: Fac;ade Grants Roll Over 2004/2005 Economic Development Grants: This program was established as a matching grant programs dollar for dollar up to $50,000. Economic Development Grants to date: $ 0 Economic Development to be spent: $ 0 Total Economic Development Grants: $ o Economic Development Grants Roll Over 2004/2005 $ 100,000 TOTAL PROGRAMS $ 355,000 8 PROJECTS BBB/ RiverwalklPromenade Projects: eonstruction has begun on the Boynton Beach Extension/Riverwalk/and Promenade Design/Build Project. Promenade to date: Promenade to be spent: Total Promenade: $ 669,767 $1.718.048 $2,387,815 $ 0 $ 113.797 $ 113,797 BBB Blvd to date: BBB Blvd to be spent: Total BBB Blvd Riverwalk spent to date: Riverwalk to be spent: Total Riverwalk $ 0 $ 113.797 $ 113,797 HOB Land Acquisition: HOB Land Acquisition spent to date: Riverwalk to be spent: $ 7,058 $ 342.942 $ 350,OQjl Total HOB Land Acquisition: Way-Finding Signage: The CRA is completing Phase 2 and Phase 3 of the Way-Finding Signage Program. Way-Finding Signage spent to date: Way-Finding Signage to be spent: Total Way-Finding Signage: $ 43,515 $ 16,936 $ 60,451 Miscellaneous: The CRA has contracted with Reelization, Inc for Mass Modeling seNices. Miscellaneous spent to date: Miscellaneous to be spent: $ 0 $ 30,000 $ 30,000 Total Miscellaneous: 9 Savage ereatures eomplex: The CRA has contracted with the Baker Leisure Group for an outside Feasibility Study. Savage Creatures Complex spent to date: Savage Creatures Complex: to be spent: $ 10,162 $ 44,838 S 55.000 Total Savage ereatures eomplex: TOTAL PROGRAMS $3,110,860 10