GJl2INTER HAVEN The Chain ofLakes City

Community Redevelopment Agency

March 31, 2019

Mr. Jim Freeman, County Manager Polk County Board of County Commissioners P. 0. Box 9005, Drawer BC01 Bartow, FL 33831-9005

Dear Mr. Freeman:

Per Chapter 163.356(3)(c) Florida Statutes, enclosed please find the Winter Haven Community Redevelopment Agency's Annual Report for Fiscal Year 2017/2018.

Should you desire additional information or have any questions, please feel free to contact me at 863-291-5600.

Eric Labbe, AICP Planning Manager City of Winter Haven

Enclosure

cc: Winter Haven CRA Board Mike Herr, City Manager Frederick J. Murphy, Jr., City Attorney Calvin Bowen, Financial Services Director Merle Bishop, Growth Management Director

P.O. Box 2277 ♦ 490 Third Street NW ♦ Winter Haven, Florida 33883-2277 Telephone: 863.291 .5850 ♦ Fax: 863.291.5211 ♦ www.mywinterhaven.com

City of Winter Haven, founded 1911

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WINTER HAVEN COMMUNITY REDEVELOPMENT AGENCY

Annual Report

Fiscal Year 2017-2018

Financials

The primary funding source for the Winter Haven Community Redevelopment Agency (CRA) is Tax Increment Financing (TIF). TIF revenues are calculated based on the Polk County Property Appraiser's Office Redevelopment Reports that determine the taxable value of the CRA districts.

The 2017-2018 total taxable value for the Downtown District (District 22) was $295,288,121.00 producing TIF revenues of $1,480,655. The total taxable value for the Florence Villa District (District 21) was $59,794,463.00 producing TIF revenues of $241,219.

Downtown

Budget Actual

Florence Villa

Budget Actual Revenues Ad Valorem Taxes-City $709,556 $681 ,939 $115,141 $111,097 Ad Valorem Taxes-County 832,956 798,716 135,165 130,122 Interest Earnings 7,590 7,949 590 21 Parking Space Rent 7,500 12,456 0 0 Sales of Assets 0 $205,000 0 0

Total

Expenditures

$1,557,602 $1,706,060 $250,896 $241,240

Administration $362,195 $111 ,364 $127,575 $69,922 GF Transfer-Debt Service 721,433 721,433 106,506 106,506 Social Security Building 0 4,127 0 0 Parking Garage 44,265 26 ,873 0 0 Internal Debt Interest 0 0 957 957 Transfer-2015 Construction Fund 0 479,232 0 0 Main Street 0 30,000 0 0 Economic Development 13,000 0 0 0 Capital Expenditure 686,232 11,208 29,831 0

Total $1,827,125 $1,384,237 $263,912 $177,385

Excess of Revenues Over <under expenditures> $(269,523) $321,823 $(13,016) $63,855 Beginning Fund Balance (62,478) (34,409)

Ending Fund Balance $259,245 $29,446

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COMMUNITY REDEVELOPMENT AGENCY

The CRA is led by a seven-member Board of Directors and receives input from an advisory committee for each district.

CRABOARD DOWNTOWN ADVISORY COMMITTEE

FLORENCE VILLA COMMITTEE

William Twyford Steve Lockhart - Chair Tvmesia Ellis Nat Birdsong Robert Sammons- Vice Chair Glenda M. Jones -Chair Peter Chichetto-Chair Mike Potthast Joe Boqdahn Brad Dantzler- Vice Chair Eve StranQ Bass Vermell Brown Steven M. Hunnicutt Christopher M. Collany Joev Hilliard James B. Threlkel Jessie Scubna Rev. Deidrick Leonard U.J. Johnson Ill Rick Renardson Brian Yates

Tinia Clark Rev. Derrick Baker-Vice Chair Robert Stambaugh Miriam L. Tillman Julie Sands Vacant

Established in 2000, the Winter Haven Community Redevelopment Agency fosters and promotes community redevelopment activities in two designated districts: Downtown and Florence Villa. A CRA is a "special district" under Florida law that encourages redevelopment within the district. Activities of the Winter Haven CRA are detailed in plans tailored for each district which include:

• Infrastructure improvements • Streetscaping or beautification • Affordable housing • Recreation and park facility improvements • Economic development • Transportation improvement • Neighborhood enhancement

Physicians Partnership

In FY2014 the City signed an agreement with Physicians Partnership to rebate the County's tax increment on their property until $239,107 has been amortized. In FY 2018 no payment was made, with $15,384.96 being accrued.

CRA Capital Projects

• Design Build Skate Park $330,000.00 • ih Street Construction $179,232.00 • Kawasaki/Light Bar/Graphics Mules $ 11,207.54

TOTAL $520,439.54