thursday, march 16, 2017 8:00 am city commission...

GrantMiller

2min GrantMiller

LDDABoardRetreatMinutes-February8,2017

Januaryr2017FINANCIALS** 5min BrettaChristakosFebruary2017FINANCIALS**

20min JulieTownsend215-217W.PineStreet-SwanBrewing**

10min JulieTownsend

SidewalkSignDesignReviewProcess**ParkingCitationRecommendation**

LDDAChair GrantMillerCRA 5min AlisDrumgoCityCommission 10min DonSelvege

5min MargaretStephens

5min GrantMiller

LDDABOARDOFDIRECTORSMEETINGAGENDATHURSDAY,MARCH16,20178:00AMCITYCOMMISSIONCONFERENCEROOM

ConsentAgenda:Allitemslistedwithanasterisk(*)areconsideredroutinebytheLDDAandwillbeenactedbyonemotion.Therewillbenoseparatediscussionoftheseitemsunlesssomeonesorequests,inwhicheventtheitemwillberemovedfromtheconsentagendaandconsideredinitsnormalsequence.Twoasterisks(**)requireofficialaction.Pleasekeepcommentstothepointandbriefforroutinematters.

CALLTOORDER

CONSENTAGENDA(*)

MISSION:ToImproveandStimulatetheEnvironmentforEconomicDevelopmentinaPeople-OrientedDowntownCommunity

LDDABOARDMEETINGMINUTES,January19,2017

AUDIENCE

FarmersMarket

ADJOURN

TREASURER’SREPORT-

REPORTS

TIFRequests:

425S.FloridaAve.-EdMorrell,PA**

NEWBUSINESS

GrantApplicationFormRevisions**ExecutiveDirector'sReport(includedinagendapacket)

MINUTES

LDDABOARDOFDIRECTORSMEETINGThursday,January19,20178:00AM

CITYCOMMISSIONCONFERENCEROOMBOARD/STAFFPRESENT:EricBelvin,DonSelvage,BrettaChristakos,TomAnderson,GrantMiller,GregSanoba,JulieTownsend(staff)BOARDABSENT:MargaretStephens

GUESTS:AricKroon,SteveDeBats,BarryFreidman,RyanLewman,DanThumberg,NicoleTravisCALLTOORDER:8:06a.m.GrantMiller,ChairofLDDA,calledthemeetingtoorder.CONSENTAGENDA:Itemsontheconsentagendawerepresentedforapproval.GregSanobamovedandBrettaChristakossecondedamotiontoapprovetheitemsontheconsentagenda.Motionpassed6-0.TREASURER’SREPORT:BrettaChristakos,treasurer,referencedtheDecember2016financialstatements.GregSanobamovedtoapprovetheFY2016finalbudgetwiththechangespresentedbyJulieTownsend.EricBelvinsecondedthemotion.Motionpassed6-0.

NEWBUSINESSJulieTownsendpresentedtheBoardwithgrantrequestsfromUncleNick’sDowntownCaféandthestaffrecommendationforapprovaloftheInteriorBuildoutAssistanceGrantofupto$5,000ofqualifiedexpensesandtheFoodRelatedAssistanceGrantforupto$15,000ofqualifiedexpenses.DonSelvagemovedtoapprovethegrantrequests.EricBelvinsecondedthemotion.TomAndersonrecusedhimselffromthevotebecausehisisthepropertyownerandlandlordfortheapplicant.Motionpassed5-0.DanThumbergwithSwanBrewingrequestedadesignapprovalforachangeintheroofforSwanBrewinglocatedat115-117W.PineStreet.Danpresenteddrawingtoshowtherequestedchangeandthestructuralreasonswhyitisnecessary.EricBelvinmovedtoapprovethedesignchangestotheroofline.TomAndersonsecondedthemotion.Motionpassed6-0.ADMINISTRATIONJulieTownsendsubmittedthewrittenExecutiveDirectorreportintheagendapacket.NospecificquestionsfromBoardmembers.Juliepointedouttheoutstandinggrantsawardupdateasdetailedinherreport.JulieledtheBoardinadiscussionabouttheLDDAprioritiesforFY017.LDDAprioritiesdiscussedwereway-findingsignage,designguidelines,ArtsAlley,creatingastreetscapefundingpolicyandprocedureandhosting/facilitatingaparkingsummitincooperationwithCityStaff.TheBoardalsodiscussedpreviousyears’recommendationtotheCityCommission:CRAinfrastructurefunds,alleytrashcompactors,andparkingsolutions.TheCityisprogressinginallofthoseareas,butmoreworkneedstocontinue.AnadditionalareasuggestedtoasktheCitytofocusonishomelesssolutions.TheBoardwillhaveitsretreatinlieuofitsFebruaryregularmeeting.Theretreatdateistobedetermined.TheBoardwilldiscusstheitemsaswellastheproposedpedestrianoverpassesandS.FloridaAveCorridorStudy.REPORTSCRAReport:NicoleTravisreportedsubmissionsforRFQforthe10acresNorthLakeMirrorwillbereviewedbytheselectioncommitteethisweek.NOBAYribboncuttingistodayat4:30pm.NicolealsoreportedthatsheandJuliewouldbeprioritizingdevelopmentsitesinthecomingweekstomarketinfilllots.

DonSelvagegaveaCityCommissionupdate.Hereportstheparkinggarageinitiativeismovingforward.Thereisatownhallcominguponthedecriminalizationofsmallamountsofmarijuana.AlsothebroadbandRFQismovingforward.MargaretStephenswasabsent.NoMarketreportgiven.Themeetingwasadjournedat9:30a.m.ThenextLDDABoardofDirectorsmeetingwillbeThursday,March16,2017at8:00a.m.intheCityCommissionConferenceRoom.AretreatisplannedforFebruarywithnodatesetasofthismeeting. GrantMiller,Chair Date JulieTownsend,ExecutiveDirector Date

MINUTES

LDDABOARDOFDIRECTORSANNUALRETREATWednesday,February8,201711:45AM

EMPLOYEERELATIONSCONFERENCEROOMBOARD/STAFFPRESENT:EricBelvin,DonSelvage,BrettaChristakos,TomAnderson,GrantMiller,GregSanoba,MargaretStephens;JulieTownsend,PhyllisSharp(staff)BOARDABSENT:none

GUESTS:AlisDrumgo,NicoleTravis,ChuckBarmby,JimStudialeCALLTOORDER:12:00p.m.GrantMiller,ChairofLDDA,calledthemeetingtoorder.CONSENTAGENDA:noitemsontheconsentagenda.MinutesandfinancialswillbepresentedatthenextregularBoardmeeting.TREASURER’SREPORT:none

AUDITREPORTJulieDavispresentedtheFY2016Auditfindingsandpresentedthedraftreport.LDDAPROJECTUPDATESJulieTownsendupdatedtheBoardonvaletusageandcustomerservice.JulierequestedthatLDDAhireJimEdwardsforassistanceinfinalizetheLDDAdesignguidelinesforanamountnottoexceed$1500,whichdoesnotrequiremultiplequotesforservice.Jim’sexpertiseasapreviousLDDAExecutiveDirectorwillexpeditethefinalizeddesignguidelines.GregSanobamovedtoallowcontractforservicewithMr.Edwards.EricBelvinsecondedthemotion.Motioncarried7-0.JuliealsoreportedthatshemetwithKarenSeggermantodiscussArtsAlley.Karenisformingajurycommittee.JulieinformedtheBoardthatsheisworkingonaframeworkforaDowntownmarketplanandhopestomeetwithDLPtocollaborate.TheLDDAofficespaceDowntownisawaitingsignageandplansforachamberribboncuttingareintheworks.PRESENTATIONTOTHEBOARDChuckBarmbywithCommunityDevelopmentDepartmentofthecityofLakelandpresentedtheSouthFloridaAveCorridorStudyfindings.AfterBoarddiscussion,TomAndersonmovedthattheLDDABoardsupportthecontinuedstudyofthiscorridorwithfurtherexplorationsofthevariousoptionspresented.GregSanobasecondedthemotion.Motionpassed7-0.ChuckBarmbyalsopresentedthePedestrianOverpassproposalsfromDOT.Multipledesignswerepresented.AfterBoarddiscussion,TomAndersonmovedfortheLDDABoardtorecommendthelongsteelbridgeoptionattheKentuckylocationandtocontinuetoexplorealloptionsattheNewYorklocation.EricBelvinsecondedthemotion.Motionpassed7-0.NEWBUSINESSShaunPuriwithFederalBuildingLLCpresentedtheTIFrequestforLDDABoardconsideration.GregSanobamovedapproval.EricBelvinsecondedthemotion.TomAndersonrecusedhimselffromvoting,asheisapartnerintheFederalBuildingLLC.Motionpassed6-0.Boardmemberstooka10-minutebreak.GrantMiller,ChairofLDDA,reconvenedthemeetingat2:46pm

JulieTownsendupdatedtheBoardonthestatusoftheparkingsummit,way-findingsignageupdatesandthestreetscapepolicy.Sheisworkingwithcitystaffonalloftheseprojects.DISCUSSIONOPTIONSFORRECOMMENDATIONSTOTHECITYCOMMISSIONJulieTownsendledtheBoardonasortdiscussionabouttheagendaitems.TheBoarddidnottakeactiononofficialrecommendationstotheCityCommissionatthistime.Themeetingwasadjournedat3:33pm.ThenextLDDABoardofDirectorsmeetingwillbeThursday,March16,2017at8:00a.m.intheCityCommissionConferenceRoom. GrantMiller,Chair Date JulieTownsend,ExecutiveDirector Date

Cash Basis Wednesday, March 15, 2017 1/2

LAKELAND DOWNTOWN DEVELOPMENT AUTHORITYBUDGET VS. ACTUALS: FY2017

October 2016 - January 2017

TOTAL

ACTUAL BUDGET OVER BUDGET % OF BUDGET

INCOME

6100 Tax Receipts 236,774.52 286,262.00 (49,487.48) 82.71 %

6150 Miscellaneous Income 15,000.00 (15,000.00)

6300 Investment Income (Money Mkt.) 491.60 2,200.00 (1,708.40) 22.35 %

6370 Valet Program 49.00 55,000.00 (54,951.00) 0.09 %

6450 Income-Farmers Curb Market

6450.11 Shared Marketing Costs 27,822.00 66,000.00 (38,178.00) 42.15 %

6450.13 Fundraiser/Sales Gross 123.68 200.00 (76.32) 61.84 %

6450.14 Merchandise Sales Tax 8.82 8.82

6450.17 FMSSG - SNAP Support Staff 2,495.50 4,991.00 (2,495.50) 50.00 %

6450.18 FAB Grant 3,580.00 5,000.00 (1,420.00) 71.60 %

6450.19 EBT Electronic Transfer 2,327.00 5,000.00 (2,673.00) 46.54 %

Total 6450 Income-Farmers Curb Market 36,357.00 81,191.00 (44,834.00) 44.78 %

Total Income $273,672.12 $439,653.00 $ (165,980.88) 62.25 %

GROSS PROFIT $273,672.12 $439,653.00 $ (165,980.88) 62.25 %

EXPENSES

8010 Salaries 0.00 0.00

8010.11 Executive Director Salary 23,916.64 71,750.00 (47,833.36) 33.33 %

8010.12 LDDA Admn (pka Coordinator) 5,752.45 17,000.00 (11,247.55) 33.84 %

8010.13 Payroll Taxes 2,480.51 8,500.00 (6,019.49) 29.18 %

8010.14 FAB Coordinator 2,896.00 12,000.00 (9,104.00) 24.13 %

Total 8010 Salaries 35,045.60 109,250.00 (74,204.40) 32.08 %

8040 401 K 717.52 2,153.00 (1,435.48) 33.33 %

8200 Utilities/Lease 21,160.80 35,000.00 (13,839.20) 60.46 %

8250 Postage and Delivery 500.00 (500.00)

8350 Telephone 1,018.06 1,800.00 (781.94) 56.56 %

8360 Computer Services 2,999.16 4,000.00 (1,000.84) 74.98 %

8370 Supplies 716.62 1,000.00 (283.38) 71.66 %

8400 Travel, Meals, Meetings 144.37 3,000.00 (2,855.63) 4.81 %

8500 Insurance - Liability 120.00 1,500.00 (1,380.00) 8.00 %

8700 Printing and Reproduction 750.00 (750.00)

8750 Legal Advertising 2,200.00 (2,200.00)

8760 Miscellaneous 10.21 1,000.00 (989.79) 1.02 %

8800 Audit & Reporting 5,150.00 10,500.00 (5,350.00) 49.05 %

8850 Accounting 1,701.50 2,500.00 (798.50) 68.06 %

8920 Marketing & Development 240.00 240.00

8920.15 Downtown Marketing 13,294.06 46,012.00 (32,717.94) 28.89 %

8920.16 Development Grants & Incentives 71,000.00 (71,000.00)

8920.20 Dining & Nightlife Guide 0.00 0.00

8920.21 LDDA web site 500.00 (500.00)

8920.22 Valet Program (deleted) 0.00 0.00

Total 8920 Marketing & Development 13,534.06 117,512.00 (103,977.94) 11.52 %


TOTAL


8980 Property Appraiser 2,425.00 4,997.00 (2,572.00) 48.53 %

9000 Tax Collector 5,643.10 6,500.00 (856.90) 86.82 %

9050 Memberships & Subscriptions 3,240.00 4,500.00 (1,260.00) 72.00 %

9100 Equipment Lease/Maintenance 0.00 0.00

9410 Downtown Maintenance 5,000.00 (5,000.00)

9745 Expense-Farmers Curb Market

9745.11 General Operating Expense 9,633.90 32,691.00 (23,057.10) 29.47 %

9745.13 Music/Entertainment 800.00 6,000.00 (5,200.00) 13.33 %

9745.16 Square Fees 785.50 2,000.00 (1,214.50) 39.28 %

9745.18 EBT Payout 2,052.00 5,000.00 (2,948.00) 41.04 %

9745.19 FAB payout 1,650.20 5,000.00 (3,349.80) 33.00 %

9745.20 EFUNDS Fees 29.25 200.00 (170.75) 14.63 %

9745.21 DFCM marketing 3,918.63 12,000.00 (8,081.37) 32.66 %

9745.22 Special Event Expenses 500.00 (500.00)

9745.23 DFCM SNAP Expenses 35.18 500.00 (464.82) 7.04 %

9745.24 Sales Tax 8.54 100.00 (91.46) 8.54 %

Total 9745 Expense-Farmers Curb Market 18,913.20 63,991.00 (45,077.80) 29.56 %

9750 Container Gardens 2,500.00 7,000.00 (4,500.00) 35.71 %

9751 Valet Parking 2,134.72 55,000.00 (52,865.28) 3.88 %

Total Expenses $117,173.92 $439,653.00 $ (322,479.08) 26.65 %

NET OPERATING INCOME $156,498.20 $0.00 $156,498.20 0.00%

OTHER INCOME

6310 Interest Income - Streetscape 39.69 300.00 (260.31) 13.23 %

6950 Unappropriated Funds 353,844.00 (353,844.00)

6950.10 Unappr Grant & Incentive Funds 108,588.00 (108,588.00)

6950.20 Unappr Maintenance Funds 12,720.00 (12,720.00)

6950.30 Unappr Marketing 9,526.00 (9,526.00)

6950.40 Unappr DFCM Funds 17,848.00 (17,848.00)

6950.50 Restricted AOP Funds 58,000.00 (58,000.00)

Total 6950 Unappropriated Funds 560,526.00 (560,526.00)

6955 Restricted Streetscape Account 78,478.00 (78,478.00)

Total Other Income $39.69 $639,304.00 $ (639,264.31) 0.01 %

OTHER EXPENSES

9765 Depreciation Expense 0.00 0.00

9770 Restricted Expense - Streetsc 8,000.00 (8,000.00)

Total Other Expenses $0.00 $8,000.00 $ (8,000.00) 0.00%

NET OTHER INCOME $39.69 $631,304.00 $ (631,264.31) 0.01 %

NET INCOME $156,537.89 $631,304.00 $ (474,766.11) 24.80 %

Accrual Basis Wednesday, March 15, 2017 12:58 PM GMT-7 1/2

LAKELAND DOWNTOWN DEVELOPMENT AUTHORITYPROFIT AND LOSS

January 2017

TOTAL

INCOME

6100 Tax Receipts 6,682.87

6300 Investment Income (Money Mkt.) 123.94

6370 Valet Program 1,220.00


6450.11 Shared Marketing Costs 6,831.00

6450.13 Fundraiser/Sales Gross 81.85

6450.14 Merchandise Sales Tax 5.95

6450.18 FAB Grant 100.00

6450.19 EBT Electronic Transfer 761.00

Total 6450 Income-Farmers Curb Market 7,779.80

Total Income $15,806.61

GROSS PROFIT $15,806.61

EXPENSES

8010 Salaries

8010.11 Executive Director Salary 5,979.16

8010.12 LDDA Admn (pka Coordinator) 1,442.74

8010.13 Payroll Taxes 622.93

8010.14 FAB Coordinator 721.00

Total 8010 Salaries 8,765.83

8040 401 K 179.38

8200 Utilities/Lease 15,599.76

8350 Telephone 245.25

8360 Computer Services 238.30

8370 Supplies 320.25

8400 Travel, Meals, Meetings 48.77

8760 Miscellaneous 8.83

8800 Audit & Reporting 4,000.00

8850 Accounting 677.75

8920 Marketing & Development

8920.15 Downtown Marketing 2,104.03

Total 8920 Marketing & Development 2,104.03

9050 Memberships & Subscriptions 500.00


9745.11 General Operating Expense 2,963.22

9745.13 Music/Entertainment 200.00

9745.16 Square Fees 194.64

9745.18 EBT Payout 766.00

9745.19 FAB payout 539.20

9745.20 EFUNDS Fees 5.85

9745.21 DFCM marketing 869.00

9745.24 Sales Tax 2.87

Total 9745 Expense-Farmers Curb Market 5,540.78


TOTAL

9750 Container Gardens 800.00

9751 Valet Parking 347.28

Total Expenses $39,376.21

NET OPERATING INCOME $ -23,569.60

OTHER INCOME

6310 Interest Income - Streetscape 10.01

Total Other Income $10.01

NET OTHER INCOME $10.01

NET INCOME $ -23,559.59

Accrual Basis Wednesday, March 8, 2017 07:36 AM GMT-8 1/2

LAKELAND DOWNTOWN DEVELOPMENT AUTHORITYBALANCE SHEET

As of January 31, 2017

TOTAL

ASSETS

Current Assets

Bank Accounts

1090 Petty Cash 49.72

1110 Cash - Operating - BoCFL 225,729.65

1170 Cash - Money Market - BoCFL 561,324.23

1175 Restricted Strtscp MM - BoCFL 78,527.61

1190 Certificate of Deposit 0.00

Total Bank Accounts $865,631.21

Accounts Receivable

1200 Accounts Receivable 1,171.00

1210 Due from Other Governments 0.00

Total 1200 Accounts Receivable 1,171.00

Total Accounts Receivable $1,171.00

Other Current Assets

1325 Salary Advance 0.00

1400 Land - Due From CRA 0.00

1500 Prepaid Expenses 0.00

Total Other Current Assets $0.00

Total Current Assets $866,802.21

Fixed Assets

2200 Furniture and Fixtures 13,762.04

2300 Equipment 0.00

2650 Accumulated Depreciation -13,606.60

Total Fixed Assets $155.44

TOTAL ASSETS $866,957.65

LIABILITIES AND EQUITY

Liabilities

Current Liabilities

Accounts Payable

3100 Accounts Payable 0.00

Total Accounts Payable $0.00

Other Current Liabilities

3150 Accrued Expenses 2,961.54

3200 Payroll Liabilities 2,385.31

3210 401(k) 0.00

3400 Due to CRA 0.00

Total Other Current Liabilities $5,346.85

Total Current Liabilities $5,346.85

Total Liabilities $5,346.85

Equity

3000 Opening Bal Equity 0.00


TOTAL

5100 Fund Balance Unreserved 625,278.71

5200 Fund Balance - Property & Equip 253.24

5400 Fund Balance Reserved 78,369.96

Net Income 157,708.89

Total Equity $861,610.80

TOTAL LIABILITIES AND EQUITY $866,957.65


LAKELAND DOWNTOWN DEVELOPMENT AUTHORITYBUDGET VS. ACTUALS: FY2017

October 2016 - February 2017

TOTAL


INCOME

6100 Tax Receipts 245,627.68 286,262.00 (40,634.32) 85.81 %

6150 Miscellaneous Income 15,000.00 (15,000.00)

6300 Investment Income (Money Mkt.) 603.57 2,200.00 (1,596.43) 27.44 %

6370 Valet Program 432.00 55,000.00 (54,568.00) 0.79 %


6450.11 Shared Marketing Costs 34,635.00 66,000.00 (31,365.00) 52.48 %

6450.13 Fundraiser/Sales Gross 128.33 200.00 (71.67) 64.17 %

6450.14 Merchandise Sales Tax 9.17 9.17

6450.17 FMSSG - SNAP Support Staff 2,495.50 4,991.00 (2,495.50) 50.00 %

6450.18 FAB Grant 3,580.00 5,000.00 (1,420.00) 71.60 %

6450.19 EBT Electronic Transfer 2,933.00 5,000.00 (2,067.00) 58.66 %

Total 6450 Income-Farmers Curb Market 43,781.00 81,191.00 (37,410.00) 53.92 %

Total Income $290,444.25 $439,653.00 $ (149,208.75) 66.06 %

GROSS PROFIT $290,444.25 $439,653.00 $ (149,208.75) 66.06 %

EXPENSES

8010 Salaries 0.00 0.00

8010.11 Executive Director Salary 29,895.80 71,750.00 (41,854.20) 41.67 %

8010.12 LDDA Admn (pka Coordinator) 7,153.66 17,000.00 (9,846.34) 42.08 %

8010.13 Payroll Taxes 3,101.88 8,500.00 (5,398.12) 36.49 %

8010.14 FAB Coordinator 3,713.00 12,000.00 (8,287.00) 30.94 %

Total 8010 Salaries 43,864.34 109,250.00 (65,385.66) 40.15 %

8040 401 K 896.90 2,153.00 (1,256.10) 41.66 %

8200 Utilities/Lease 21,261.27 35,000.00 (13,738.73) 60.75 %

8250 Postage and Delivery 500.00 (500.00)

8350 Telephone 1,263.31 1,800.00 (536.69) 70.18 %

8360 Computer Services 2,999.16 4,000.00 (1,000.84) 74.98 %

8370 Supplies 933.05 1,000.00 (66.95) 93.31 %

8400 Travel, Meals, Meetings 773.03 3,000.00 (2,226.97) 25.77 %

8500 Insurance - Liability 111.71 1,500.00 (1,388.29) 7.45 %

8700 Printing and Reproduction 750.00 (750.00)

8750 Legal Advertising 2,200.00 (2,200.00)

8760 Miscellaneous 10.21 1,000.00 (989.79) 1.02 %

8800 Audit & Reporting 7,150.00 10,500.00 (3,350.00) 68.10 %

8850 Accounting 2,201.50 2,500.00 (298.50) 88.06 %

8920 Marketing & Development 240.00 240.00

8920.15 Downtown Marketing 20,938.39 46,012.00 (25,073.61) 45.51 %

8920.16 Development Grants & Incentives 25,000.00 71,000.00 (46,000.00) 35.21 %

8920.20 Dining & Nightlife Guide 0.00 0.00

8920.21 LDDA web site 500.00 (500.00)

8920.22 Valet Program (deleted) 0.00 0.00

Total 8920 Marketing & Development 46,178.39 117,512.00 (71,333.61) 39.30 %


TOTAL


8980 Property Appraiser 2,425.00 4,997.00 (2,572.00) 48.53 %

9000 Tax Collector 5,820.16 6,500.00 (679.84) 89.54 %

9050 Memberships & Subscriptions 3,339.00 4,500.00 (1,161.00) 74.20 %

9100 Equipment Lease/Maintenance 0.00 0.00

9410 Downtown Maintenance 300.00 5,000.00 (4,700.00) 6.00 %


9745.11 General Operating Expense 11,752.02 32,691.00 (20,938.98) 35.95 %

9745.13 Music/Entertainment 1,550.00 6,000.00 (4,450.00) 25.83 %

9745.16 Square Fees 978.16 2,000.00 (1,021.84) 48.91 %

9745.18 EBT Payout 2,635.00 5,000.00 (2,365.00) 52.70 %

9745.19 FAB payout 2,100.20 5,000.00 (2,899.80) 42.00 %

9745.20 EFUNDS Fees 37.05 200.00 (162.95) 18.53 %

9745.21 DFCM marketing 5,739.98 12,000.00 (6,260.02) 47.83 %

9745.22 Special Event Expenses 500.00 (500.00)

9745.23 DFCM SNAP Expenses 51.23 500.00 (448.77) 10.25 %

9745.24 Sales Tax 8.54 100.00 (91.46) 8.54 %

Total 9745 Expense-Farmers Curb Market 24,852.18 63,991.00 (39,138.82) 38.84 %

9750 Container Gardens 2,500.00 7,000.00 (4,500.00) 35.71 %

9751 Valet Parking 10,415.02 55,000.00 (44,584.98) 18.94 %

Total Expenses $177,294.23 $439,653.00 $ (262,358.77) 40.33 %

NET OPERATING INCOME $113,150.02 $0.00 $113,150.02 0.00%

OTHER INCOME

6310 Interest Income - Streetscape 48.72 300.00 (251.28) 16.24 %

6950 Unappropriated Funds 353,844.00 (353,844.00)

6950.10 Unappr Grant & Incentive Funds 108,588.00 (108,588.00)

6950.20 Unappr Maintenance Funds 12,720.00 (12,720.00)

6950.30 Unappr Marketing 9,526.00 (9,526.00)

6950.40 Unappr DFCM Funds 17,848.00 (17,848.00)

6950.50 Restricted AOP Funds 58,000.00 (58,000.00)

Total 6950 Unappropriated Funds 560,526.00 (560,526.00)

6955 Restricted Streetscape Account 78,478.00 (78,478.00)

Total Other Income $48.72 $639,304.00 $ (639,255.28) 0.01 %

OTHER EXPENSES

9765 Depreciation Expense 0.00 0.00

9770 Restricted Expense - Streetsc 8,000.00 (8,000.00)

Total Other Expenses $0.00 $8,000.00 $ (8,000.00) 0.00%

NET OTHER INCOME $48.72 $631,304.00 $ (631,255.28) 0.01 %

NET INCOME $113,198.74 $631,304.00 $ (518,105.26) 17.93 %


LAKELAND DOWNTOWN DEVELOPMENT AUTHORITYPROFIT AND LOSS

February 2017

TOTAL

INCOME

6100 Tax Receipts 8,853.16

6300 Investment Income (Money Mkt.) 111.97

6370 Valet Program 389.00


6450.11 Shared Marketing Costs 6,813.00

6450.13 Fundraiser/Sales Gross 4.65

6450.14 Merchandise Sales Tax 0.35

6450.19 EBT Electronic Transfer 606.00

Total 6450 Income-Farmers Curb Market 7,424.00

Total Income $16,778.13

GROSS PROFIT $16,778.13

EXPENSES

8010 Salaries

8010.11 Executive Director Salary 5,979.16

8010.12 LDDA Admn (pka Coordinator) 1,401.21

8010.13 Payroll Taxes 621.37

8010.14 FAB Coordinator 817.00

Total 8010 Salaries 8,818.74

8040 401 K 179.38

8200 Utilities/Lease 100.47

8350 Telephone 245.25

8370 Supplies 216.43

8400 Travel, Meals, Meetings 628.66

8500 Insurance - Liability -8.29

8760 Miscellaneous 0.00

8800 Audit & Reporting 2,000.00

8850 Accounting 500.00

8920 Marketing & Development

8920.15 Downtown Marketing 7,644.33

8920.16 Development Grants & Incentives 25,000.00

Total 8920 Marketing & Development 32,644.33

9000 Tax Collector 177.06

9050 Memberships & Subscriptions 99.00

9410 Downtown Maintenance 300.00


9745.11 General Operating Expense 2,118.12

9745.13 Music/Entertainment 750.00

9745.16 Square Fees 192.66

9745.18 EBT Payout 583.00

9745.19 FAB payout 450.00

9745.20 EFUNDS Fees 7.80

9745.21 DFCM marketing 1,821.35


TOTAL

9745.23 DFCM SNAP Expenses 16.05

Total 9745 Expense-Farmers Curb Market 5,938.98

9751 Valet Parking 8,280.30

Total Expenses $60,120.31

NET OPERATING INCOME $ -43,342.18

OTHER INCOME

6310 Interest Income - Streetscape 9.03

Total Other Income $9.03

NET OTHER INCOME $9.03

NET INCOME $ -43,333.15


LAKELAND DOWNTOWN DEVELOPMENT AUTHORITYBALANCE SHEET

As of February 28, 2017

TOTAL

ASSETS

Current Assets

Bank Accounts

1090 Petty Cash 44.72

1110 Cash - Operating - BoCFL 182,264.57

1170 Cash - Money Market - BoCFL 561,436.20

1175 Restricted Strtscp MM - BoCFL 78,536.64

1190 Certificate of Deposit 0.00

Total Bank Accounts $822,282.13

Accounts Receivable

1200 Accounts Receivable 1,177.00

1210 Due from Other Governments 0.00

Total 1200 Accounts Receivable 1,177.00

Total Accounts Receivable $1,177.00

Other Current Assets

1325 Salary Advance 0.00

1400 Land - Due From CRA 0.00

1500 Prepaid Expenses 0.00

Total Other Current Assets $0.00

Total Current Assets $823,459.13

Fixed Assets

2200 Furniture and Fixtures 13,762.04

2300 Equipment 0.00

2650 Accumulated Depreciation -13,606.60

Total Fixed Assets $155.44

TOTAL ASSETS $823,614.57

LIABILITIES AND EQUITY

Liabilities

Current Liabilities

Accounts Payable

3100 Accounts Payable 0.00

Total Accounts Payable $0.00

Other Current Liabilities

3150 Accrued Expenses 2,961.54

3200 Payroll Liabilities 2,375.38

3210 401(k) 0.00

3400 Due to CRA 0.00

Total Other Current Liabilities $5,336.92

Total Current Liabilities $5,336.92

Total Liabilities $5,336.92

Equity

3000 Opening Bal Equity 0.00


TOTAL

5100 Fund Balance Unreserved 625,278.71

5200 Fund Balance - Property & Equip 253.24

5400 Fund Balance Reserved 78,369.96

Net Income 114,375.74

Total Equity $818,277.65

TOTAL LIABILITIES AND EQUITY $823,614.57

March 8, 2017

Lakeland Downtown Development Authority c/o: Julie Townsend�The City of Lakeland, Florida�228 S. Massachusetts Ave. Lakeland, FL 33801

CC: Nicole Travis; [email protected]

VIA Email Only

RE: 115 and 117 W. Pine St. Lakeland, FL 33815; Request for the benefits of the Tax Increment Financing Program.

Dear Lakeland Downtown Development Authority:

115 and 117 W. Pine St, Lakeland, FL 33815, were developed in the early 1940s as a pair of auto repair shops. The property at 115 W. Pine is a building of approximately 3900 square feet and lies outside of the Munn Park historic district, but within the LDDA boundary. The adjacent property at 117 W. Pine is a foundation remnant of approximately 5000 square feet.

Both properties are owned by ASC Real Estate Partnership, who has leased them to Swan Brewing, LLC for a term of five (5) years. ASC and Swan Brewing will be building out both properties for Swan Brewing to occupy as a microbrewery and taproom. The project is expected to be completed by September 2017.

The assessed value of 115 W. Pine St. is currently $103,507. The assessed value of 117 W. Pine St. is currently $58,899. Between ASC and Swan Brewing, the hard costs to adaptively re-use and renovate both properties is approximately $300,000 with additional approximate soft costs of approximately $50,000 bringing the total redevelopment costs to $350,000. Redevelopment of the Pine St. building will expand the tax base for the city of Lakeland, and open the door for future development of the Lake Wire district.

We view the development of 115 and 117 W. Pine as a critical catalyst for growth downtown, west of S. Florida Ave. We foresee continued development around Lake Wire as businesses look to capitalize on the atmosphere created by a thriving microbrewery and taproom. This redevelopment aligns with the downtown redevelopment plan while adding significant character to a fairly blighted area. For these reasons, we respectfully request the benefits of the Tax Increment Finance Program.

Warmest regards,

Daniel Thumberg

Founder

Enclosures (site and floor plans)

ExecutiveDirector’sUpdatefortheMarch16,2017BoardMeetingMarch10,2017

Administration

OutstandingGrantAwardsUpdate:

ThisisaremindertotheBoardofgrantsawardedthathaveyettobepaidout.Theoutstandinggrantsofupto$65,696areasfollows.TheFY2017BalanceforGrants&Incentivesis$46,000.TheFY2017Budgetalsoreflectsasurplusofthepreviousyear’sGrants&Incentivesof$108,588.00.

AppliedforinFebruary2016–MyOffice&More–FaçadeImprovement$696AppliedforinJune2016-POSTO9-$15,000FoodRelatedServicesGrantAppliedforinJuly2016–CaféRoti-$10,000FacadeImprovementGrantAppliedforinJuly2016-CaféRoti-$15,000FoodRelatedServicesGrantAppliedforinJuly2016-CaféRoti-$5,000InteriorBuildoutGrantAppliedforinJanuary2017–UncleNicks-$15,000FoodRelatedServicesGrantAppliedforinJanuary2017–UncleNicks-$5,000InteriorBuildoutGrant

PAID:MarlonLynnArchitect-$10,000FacadeImprovementGrant;POSTO9-$10,000FacadeImprovementGrant;POSTO9-$5,000InteriorBuildoutGrant

GENERALUPDATES

ValetParking:

DowntownCompactors:ThePreservationAlleycompactorhasbeeninstalledandmerchantsarebeing

trainedonhowtouseit.

DowntownUpdateMeeting:TheAprilDowntownUpdateisTBA.

ProjectUpdates:

CampbellBuilding–nonewupdateLakelandLoft–nonewupdatePosto9CaféRotiiscurrentlyunderconstruction.Workcontinuesdailywithnomajorissues.FederalBuilding–nonewupdateEscapology–at210PineSt.iscurrentlyunderconstruction.Workcontinuesdailywithnomajorissues.SwanBrewingisapplyingforpermits.Majorinteriorworkshouldbegininthecomingweeks.SwanBrewinghasalsohasappliedforLDDATIF.(requestletterinagendapacket)MIDFLORIDAcontinuesinteriorrenovationsonmultiplefloors.Workcontinuesdailywithnomajorissues.USAmeriBank–Foundationwaspouredthisweek.Catapult2.0–Teamisworkingonfinalcosts.Constructionisexpectedtobeginthissummer.

Businesses-New/Changes:

119S.KentuckyAvehassoldtoaninvestor.Notenanthasbeensecured.228E.PineStreet(ClontsBuilding)isforsale/lease.Thecurrentowner,MaconTomlinson,iscurrentlynegotiatingwithatenant.ThiswaspreviouslyBeBeFlow.425S.FloridaAve.(Dr.Sligh’soffice)hassoldtoEdMorrell,PAwhohasappliedforLDDATIF.(requestletterinagendapacket)Mr.Morrellwillberenovatingthatbuildingforhisofficeandtenantspace.401S.FloridaAve(MillerBuilding)hasleasedtoanofficeuser.

DowntownArtImmersion:

MusicMunndays:MusicMunndaysMarch2017SpringSerieshasbegun.PopUpArtProjects:ClearlyPeoplehasdrawnattentiontoDowntown.WearemonitoringtheartpiecesfordamagetoaccesshowlongtheywillremaininDowntown.ArtsAlley:KarenSeggermaniscreatingthecommittee.Nonewupdateontheprojectthismonth.

Parking:IcontinuetomeetregularlywithTOPStodiscussparkingsolutions.Weareworkingoncitationchanges,

fromthecurrent$15to$25foroverthetimelimitinfractionsaswellasincreasingthefrequencyanoverthetimelimitcitationcanbeissued.Currentlyitisevery4hours.Staffrecommendsever2hours.Staffalsorecommendsanincreaseinthetimetopayacitationbeforepenaltyfrom10daysto21days.Illegalparkinginlimitedmobilityspaceswillincreasetothestatestatuteof$250.Ihavealsoaskedcitystafftorecommendachangeinillegalalleyparkingcitations.Currentlytheyfallinthesamecategoryasoverthetimelimitwitha$15citation.Asweincreasedensityandtherearemorealleyusers,itisimportanttokeepthealleysfreeofparkedcars.Staffwouldallowforshortdeliveries,butcarsparkedformorethan15minuteswouldgetaticket.Comparedtoothercitiesitissuggestedthiscitationbe$35andcouldbegivenmorefrequentlythanevery2hours.

AngeloRao,ManagerofTOPSsentthefollowingemailandisrequestingLDDAcomments.

As you may know, at the City Commission’s Policy Meeting of March 6, 2017, the Committee heard the Administration’s recommendations on Parking Citation rates and time to pay, and the potential for raising these parking citation rates and time to pay. The Committee tentatively endorsed the rate schedule as noted on the attached matrix. Further, the Committee wanted to ensure that you and your representative groups (Neighborhood Association Coalition, Lakeland Downtown Development Authority, and the Downtown Lakeland Partnership) be aware of these potential changes and have the opportunity to comment on them, prior to the Administration formally proposing these changes. It is anticipated that the First Reading of the Draft ordinance by the full City Commission would be in late April or early May. We would appreciate receiving your comments on or before Friday, March 24th such that we can incorporate them into our formal report to the City Commission. Thank you in advance, Angelo.

IhavealsometwithcitystafftodiscusschangestotheRightofWayUsePermitasitrelatestoduration,allowableusesandparking.Theconversationsaremeanttocreatenewpoliciesandproceduresthatminimizethenegativeexternalitiestoexistingbusinesseswhileexpeditingtheredevelopmentprojects.Bettercommunicationwithcitystaffandmorethoughtoutoverallprojectplanningbythedeveloper/generalcontractoraretheexpectationsso

thatprojectsdonotgetstalledforperiodsoftimecreatingproblemsforneighboringbusinesses.Contractorparkingpermitsarepartofthediscussion.Cost,location,duration,numberetc.arepartofthediscussion.

ParkingDueDiligenceReport:LDDAandCRAstaffhassuggestedaslightredirectionofthescopeoftheproject.Wefeelstronglythatthedeliverablesshouldbetoolstoevaluateansite,notjustthoseidentifiedintheoriginalparkingstudy.IworkdailywithTOPSand/orKimlyHorntocompletetheDueDiligenceReport.

GrantApplicationRevisons:Iwillpresentminorchangestothegrantapplicationsprocesstostreamlinethe

processforapplicants.

SidewalkSignDesignReviewProcess:Iwillpresentthecurrentprocessandsuggestedchanges.

Bikeshare:Thenewlockingtechnologyhasimprovedtheuserexperience.Iwillworkwithcitystaffandlocal

leaderstodiscusshowwecontinueBikeshareforyear3.ThisincludescreatingandRFPtoconsideranewprovider.

MunnPark:SERTisworkingonnewspecialeventsproceduresintheLDDAdistrict.AsDowntown’snightlifegrows,events–bothpublicandprivate–impactexistingbusinessesinwaystheyhavenotinthepast.SERTislookingateventapprovals,notifications,frequency,location,costs,etc.

PedestrianOverpasses:Nothingnewtoreport,butIwouldlikethistobeatopicofdiscussionfortheboardandstakeholdersofDowntown.Therearemanywhohaveexpressedconcernaboutthelocationandneed.

S.FloridaAveCorridorStudy:LDDAvotedatitsretreattosupportthestudy.Itwillbeimportantto

communicatewithstakeholdersandbuildacoalitionofsupportfortheprojectandinformthecitycommission.

DesignGuidelines:JimEdwardshasagreedtoworkwithLDDAtorefinetheDesignGuidelinesfortheLDDA

areasoutsideoftheHistoricDistrict.IhavemetwithMr.Edwardsandheisreviewingthecurrentguidelines.Thenextstepistomeettodiscusshowtoapplywhatwecurrentlyhaveandmakechangesbasedonthecharacteristicsofthesub-districtswithinLDDA.

thursday, march 16, 2017 8:00 am city commission...

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