CRA FY 2014/2015 Proposed

Budget and Work Plan Presentation

City Commission WorkshopSeptember 9, 2014

Highlights of FY 2013-2014 Work Plan

Projects/Programs

Muse House & Harvel House Renovations — NW 5th Avenue

Atlantic Avenue Tree Grate Improvements

Before

After

After

NE 1st Avenue Beautification – NE 1st St to NE 2nd St Before

Under Construction

After

Under Construction

SW 2nd Street Beautification – SW 15th Ave to Swinton Ave

Before After

AfterAfter

Reverend J.W.H Thomas, Jr. Park/Parking LotNW Corner of SW 9th Ave & SW 1st St

Phase I – Parking Lot & Roundabout under construction.Phase II – Pocket Park: RFB issued, 2 bids received. Construction to begin October 2014.

Fairfield Inn HotelSW Corner of W Atlantic Ave & SW 9th Ave

Hotel under construction – completion expected December 2014, opening January 2015. Job fair held for local contractors February 22nd; Job fair for hotel employees scheduled for September 12th & 13th

RFP for West Atlantic Properties Redevelopment Site (south side of W. Atlantic Ave, between SW 6th – 9th Aves)

CRA selected Equity Enterprises USA – 49,000+ sq.ft. retail; 47,000+ sq. ft. office; & up to 123 apartments; Community Benefits Agreement executed between developer and community representatives – addresses local hiring initiatives and tenancy of commercial space.

FY 2014-2015Proposed

CRA Work Plan

• Land Acquisition [G/L-5115] $1,600,000Acquire parcels necessary to assemble sites for Redevelopment projects, including parking

• Fairfield Inn Hotel [G/L-5116] $1,000,000Loan to facilitate construction of moderately priced hotel between SW 9th and SW 10th Avenues.

Proposed Areawide and

Neighborhood Plans West Atlantic Avenue Redevelopment

• Reverend J.W.H. Thomas, Jr. Park (Construction) Second phase of project consists of the construction of a pocket park at the northwest corner of SW 9th Ave & SW 1st St., adjacent to parking lot recently installed by CRA.

ProposedAreawide and

Neighborhood Plans West Atlantic Avenue Redevelopment

• SW 9th /10th Ave. Improvements [G/L-5122] $200,000

Pedestrian linkages between hotel site and public parking lot/pocket park at south end of block.

[G/L-5121] $160,000

• NW 12th Ave Beautification (Construction) [G/L-5130] $543,000Construction of landscaping & sidewalks for two block area between W. Atlantic Ave. and MLK Dr. Also includes construction of alleys and on-street parking, within one block area (between W. Atlantic Ave. and NW 1st St.)

• Block 8 Alley [G/L-5123] $120,000Construction of alley between SW 10th and 11th Avenues that is currently unimproved but being used for access, loading and trash service.

West Atlantic Avenue Redevelopment

ProposedAreawide and

Neighborhood Plans

ProposedAreawide and

Neighborhood Plans Downtown Master Plan

• Fourth & Fifth (Old Library Site) [GL-5205] $25,000

The existing dumpsters on the site are used by businesses fronting East Atlantic Avenue, but will be eliminated with the redevelopment. The CRA will work with the businesses to arrange for new waste receptacles for those businesses, on their properties.

• SE 1st Street Conversion [GL-5210] $300,000Conversion to 2-way traffic between US 1 and South Swinton Avenue, in conjunction with US 1 Corridor project. Includes the installation of mast arm traffic signal at the intersection of S. Swinton Ave. & SE/SW 1st Street.

• E. Atlantic Ave. Pedestrian Improvements [GL-5215] $30,000East of ICWWProject feasibility analysis and conceptual designfor improving pedestrian safety on E. Atlantic Avenue east of Gleason Street.

Proposed

Areawide and Neighborhood Plans

Downtown Master Plan• Gateway Feature Signage [GL-5225]

$50,000Identification and descriptive signage associated with Gateway Feature at I-95 and West Atlantic Avenue.

• Downtown Roundabout (Trolleys) [GL-5230] $300,000Continuation of service from Tri-Rail to the beach.

• Parking Management Plan [GL-5235] $200,000

Funding to assist with implementation of recommendations included in 2010 Parking Master Plan.

• Fire Headquarters Public Plaza [GL-5237] $275,000Construction drawings and bid documents have been completed. Funding for this FY will be for construction.

Proposed Areawide and

Neighborhood Plans Downtown Master Plan

• E. Atlantic Ave Trombone Mast Arms[GL-5246] $250,000Replacement of the East Atlantic Avenue trombone style mast arms at Venetian Drive and Gleason Street intersections.

• NE 3rd St/Avenue/Alley Improvements [GL-5251] $600,000Streetscape improvements toimprove appearance and pedestrianconnections between parking lots and businesses. Includes relocation of existing parking, as necessary. Funding will include construction drawings and installation of improvements.

• Swinton & Atlantic Intersection (Design)[GL-5253] $150,000Design and construction drawings to make the intersection more pedestrian and vehicle friendly and improve connectivity between West and East Atlantic Avenues.

• Block 117 Parking Structure [GL-5255] $750,000

Design (including construction drawings) of public parking garage to replace surface parking lot (Gladiola Lot) on east side of SE 6th Avenue, south of East Atlantic Avenue.

• Pineapple Grove Way-North Entry Feature [GL-5258] $145,000Completion of artistic element to serve as an entry feature to the Pineapple GroveArts District from the north end of Pineapple Grove Way.

Proposed Areawide and

Neighborhood Plans Downtown Master Plan

Proposed Areawide and

Neighborhood Plans Downtown Master Plan

• Martin Luther King, Jr. Drive (Phase II) [GL-5276] $100,000I-95 sound wall to NW 12th Avenue Beautification of the corridor between NE 1st Avenue and NW 12th Avenue completed in 2011 (Phase I), included landscape nodes, irrigation, paver brick crosswalks at major intersections, lighting, two pocket parks. The project also involves features commemorating Dr. Martin Luther King, Jr. Phase II includes landscape nodes, sidewalks, and an art feature at the I-95 sound barrier wall.

• SE 4th Avenue Beautification (Design) [GL-5278] $100,000The proposed improvements to SE 4th Avenue will complement the streetscape improvements proposed with the proposed iPic theater and Uptown Delray projects. Funding this FY is for design and construction drawings with construction to occur in FY 15/16.

• Village Square Elderly [GL-5306] $2,700,000

Loan associated with redevelopment of Carver Estates site – 84 units of senior housing.

• Block 32 Alley [GL-5330] $100,000Improve alleyway between SW 3rd & SW 4th Streets, between SW 4th & SW 5th

Avenues to provide paved access to homes.

• SW 12th Avenue [GL-5340] $200,000

Property acquisitions and additional improvements to private and CRA –owned

properties is on-going.

Proposed Areawide and

Neighborhood Plans Southwest Neighborhood

Plan

• SW 14th Avenue Beautification [GL-5345] $376,000Funds allocated primarily for acquisition of blighted properties and to continue with Improvements to this area.

• Merritt Park [GL-5355] $150,000 Improvements include sod replacement and upgraded irrigation, improvements to

restrooms and additional parking.

Proposed Areawide and

Neighborhood Plans Southwest Neighborhood

Plan

North Federal Highway Redevelopment• Dixie Hwy Improvements [GL-5413] $100,000

Funding this FY is to evaluate and begin design of potential improvements to Dixie Highway corridor, including measures for safer pedestrian and bicycle usage.

• Osceola Park Alleys [GL-5510] $175,000 Construction of 3 alleys within residential portion of Osceola Park Neighborhood,

per adopted Neighborhood Plan.

• Osceola Business Area Revitalization [GL-5520] $800,000 Combination of streetscape improvementswith on-street parking along SE 2nd Avenue, parking lot construction, and Alley improvements.

Proposed Areawide and

Neighborhood Plans Osceola Park Neighborhood Plan

ProposedRedevelopment

Projects

NW/SW 5th Avenue Area• NW 5th Avenue Entrance Feature [GL-6203] $75,000 Lake Ida Road & NW 5th Avenue

At the intersection of Lake Ida Road and NW 5th Avenue is leftover right-of-way that is not maintained. Funding this FY is for design and construction of an entrance feature.

• NW 5th Avenue Beautification [GL-6206] $300,000 Between MLK Lr. Dr. & Lake Ida Road

Funds allocated primarily for acquisition of properties and to continue with improvements to this area.

• Block 20 Alley [GL-6213 ] $40,000Construction of alley west of NW 5th Ave, south of NW 1st St

Seacrest/Del-Ida Neighborhood Plan• NE 2nd Ave/Seacrest Blvd. Beautification [GL-5710] $425,000

In 2011, CRA and City staff worked to obtain MPO grant ($616,262) for construction of improvements. Design work completed. Construction to occur in FY 14/15.

• Housing Study [GL-6555] $50,000Most recent affordable housing needs assessment for the City was conducted in 2008. The CRA will collaborate with the City to fund and complete a Housing Study. The findings would be used to help determine demand, areas of focus, and development options, as well as the roles of the various public, private, and nonprofit organizations that create housing throughout the city.

• Carver Square Neighborhood [GL-6620] $40,000Additional tests were conducted in FY 13/14. Depending upon the results of additional tests, the lots may be ready for development in the coming year. Funding in 14/15 is for housing design/RFP.

• SW 2nd Terrace (Carver Square) [GL-6630] $65,000Reconstruct street that was removed during remediation process.

ProposedAffordable/Workforce

Housing

Proposed Economic Development Projects

• Arts Warehouse [GL-7440] $750,000Funding in FY 14/15 is provided for the preparation of construction drawings and the beginning elements of the construction project.

Proposed Other

• Federal Hwy Beautification(Construction)[GL-8606] $420,149Construction of 36-block project is underway. Funding for this fiscal year represents the required annual payment pursuant to the ILA for this project. Total CRA contribution to project: $3,614,188.07.

• Sidewalks [GL-5650] $300,000Funding to assist with completion of sidewalk network and pedestrian connections within the CRA district for greater pedestrian safety. May include pedestrian improvements at the FEC Railroad crossings.

• NW/SW Neighborhood Alleys [GL-5660] $100,000Construction of an unimproved alley to be determined within the Northwest or Southwest Neighborhood. Funding this FY will cover design and construction costs.

ProposedOperating Budget Presentation

for FY 2014-2015

October 1, 2014-September 30, 2015

TIF Revenues - Recent History

County County City City Variance FY Taxable Value Millage TIF Millage TIF Year Total Prior Yr.

2013/14 $1,266,709,539 4.7815 $4,629,392 7.1900 $6,946,429 $11,575,821 7%

2012/13 $1,268,479,798 4.7815 $4,273,735 7.1900 $6,455,940 $10,729,675 1%

2011/12 $1,179,149,327 4.7815 $4,228,018 7.1900 $6,376,396 $10,604,415 0%

2010/11 $1,187,514,519 4.7500 $4,227,392 7.1900 $6,418,010 $10,645,402 (10%)

2009/10 $1,329,775,621 4.3400 $4,474,048 7.3800 $7,405,249 $11,879,297 (9%)

5 YEAR TOTALS: $21,832,585 $33,602,024 $55,434,609

Projected:

2014/15 $1,377,279,000 4.7815 $5,140,426 7.1611 $7,728,109 $12,868,535 10%

-

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

14,000,000

16,000,000

1987 1990 1991 1993 1996 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

Mill

ion

s

Year

Delray Beach CRATIF Revenue 1987-2014 History County TIF

City TIF

Total TIF

-

City TIF7,728,109

30%

County TIF5,140,426

20%

Land Sales & Property Revenue

4,010,000 16%

Carry Forward Funds

8,494,728 33% All Other Sources

190,816 1%

ProposedFY 2014-2015

Revenue Summary - $25,564,079

13,042,222

1,700,500

5,587,790

1,533,418

3,700,149

51.0% 6.7% 21.9% 6.0% 14.5% -

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

14,000,000

Area WidePlans - Projects

RedevelopmentProjects

CommunityImprovement &

EconomicDevelopment

Administration Debt Service

Proposed FY 2014-2015

Expense Allocation - $25,564,079

Budget expenses arranged according to

5 Main Areas of Concentration:

CRA GL#  Project Name CRA Funding

5122 SW 10th/9th Ave Improvements $200,0005123 Block 8 Alley $120,000

5130 NW 12th Ave – Atlantic to MLK $543,000

5208 Tree Grate Replacement $15,2225210 SE 1st Street Conversion to 2-way Traffic $300,0005215 E Atlantic Ave Pedestrian Improvements $30,0005235 Parking Management Projects $200,0005237 Fire Headquarters Public Plaza $275,0005246 E Atlantic Avenue Trombone Mast Arm Traffic Signals $250,0005251 NE 3rd St/Ave Alley Improvements $600,0005253 Swinton & Atlantic Intersection $150,0005255 Blk 117 Garage Design/SE 6th Ave $750,0005258 Pineapple Grove Way North Entrance Feature $145,0005276 MLK Jr Drive Phase II $100,0005278 SE 4th Ave Beautification $100,0005330 Block 32 Alley $100,0005355 Merritt Park $150,0005360 Block 63 Alley $100,0005413 Dixie Highway Improvements $100,000

Proposed FY 2014-2015 Budget CRA Funds Allocated For

Infrastructure Projects (included in City’s CIP)

CRA GL# 

Project Name CRA Funding

5510 Osceola Park Neighborhood Plan Alleys $175,0005520 Osceola Park Business Area Revitalization $800,0005650 Sidewalks $300,0005660 NW/SW Neighborhood Alley $100,0005710 NE 2nd Ave/Seacrest Blvd Beautification $425,0006203 NW 5th Ave Entrance Feature $75,0006213 Block 19 & 20 Alley Improvements $40,0006630 SW 2nd Terrace Reconstruction $65,000

TOTAL   (both slides)

$6,208,222

Proposed FY 2014-2015 Budget

CRA Funds Allocated For Infrastructure Projects (included in City’s CIP)

---Continued from previous slide---

CIP – Capital Improvement Program

ProposedClean & Safe Program

2012-13

2013-14 2014-15 Increase

Budget$1,294,

795

$1,426,384

(10% increase)

$1,701,754*

$275,370(19%

increase)

OriginalCityRequest

$2,097,2

27

$670,847(47%

increase)

* Includes additional Police Officer & Community Service Officer

Clean & Safe Program (Police, landscape maintenance, code enforcement)

1,701,754

Community Improvement (Housing Rehab, Neighborhood Planner)

76,810

Downtown Trolley 300,000

Environmental Services (Project Engineer)

91,750

Tennis Tournament Sponsorship 550,000

Streetscape Maintenance (ongoing landscaping, irrigation for new beautification projects) 36,000

Planning, Parking Management, IT Services 110,000

Total City Services/Programs

$2,866,314

Proposed FY 2014-2015 Budget

CRA Funds Allocated ForCity Services/Programs in

CRA District

ProposedFY 2014-2015 Budget

CRA Funds Paid to City of Delray Beach

City Services/Programs$2,866,3

14

Capital Improvements$6,208,2

22

TOTAL$9,074,5

36

Proposed FY 2014-2015 Budget

11% of CRA’s Projected TIF Revenue allocated to:

Delray Beach Non-Profit Organizations

DBCLT

$175,000

DB Public Library$308,00

0 EPOCH (Spady Museum) $59,640 Delray Beach Center for the Arts

$285,000

DBMC$362,98

0

Creative City Collaborative$275,00

0

TOTAL$1,465,6

20

SummaryFY 2014-2015 Budget CRA Funding Paid to

City of Delray Beach and Non Profit Partners

Revenue from City:

City TIF Revenue paid to the CRA$7,728,10

9

Expenditures Allocated to City Projects, Services & Non Profit Programs:

Paid to the City of Delray Beach$9,074,53

6 Paid to City/CRA Non Profit Partners $1,465,620

TOTAL$10,540,1

56

Difference in Excess of City TIF: $2,812,047

Projected

2013-14 2014-15

Personnel 954,795 2. 1,050,520

Supplies & Materials 9,000 8,398

Equip, Property, & Maintenance 18,800 16,700

Office Space 43,000 48,000

Administrative Operations 179,804 3. 409,800

Total Expenses:

1.

1,205,399 1,533,418

ProposedCRA Administration $1,534,020

1. Proposed, amount to be amended at year-end.2. Includes new part-time Administrative position & part-time Project Management position and

2.5% salary increase as proposed in City’s budget.3. Includes CRA Office Expansion of $200,000

2013-14 2014-15

Tax Exempt Bonds 1,565,00

01,230,00

0

Taxable Bonds 185,000 190,000

City – Payment for Former Chamber/Parking Site

226,215Draft

Amendment #2

1,800,000

City – Payment for US1 Corridor Improvements 9,000 420,149

City National Line of Credit 47,060Draft

Amendment #2

60,000

Total Debt Service for FY14/15:

2,032,275

3,700,149

FY2014-2015 Debt Service

FY 2015-2026Outstanding Debt

Debt Total

City of Delray Beach –Former Chamber/Parking Site 2015- 2023 (if property not sold, paid off @ 3% interest)

2,004,655

City – US1 Corridor Improvements 2015-2026

3,991,419

City National LOC 2015-2017 (2.1% Interest )

2,619,225

Revenue Bonds 2015-2019 6,090,000

Total 14,705,229

Questions?

Thank You