10-05-2020
!"#!$%&'()%*'!+(%&'
#$%& 0&1).(23$(4
,*-'./0'(1!23!45 45
5(($#".&-.(")3
!"#$%&'()(*(+ , ("$&-.("/%
5 ")3%=&>/$ 7(4&?=&@;@;9:;;&<5 !"/#+& 63 7(48
! "# $%&'(() ! *' "% %+,% ,(( ( $%!-./$ 0 1/$ " ,! " % &-! .- ,'0/2( .-%/&/$,%/-.3
43 5677 89 9:;<:= :977 5677
>3 6??:9@67 9A BCDE8<F G D-. ,% %+/" %/H
I3 97; JEFCD<FFG?EJ7C5 K<6:CDL
M3 D< JEFCD<FF G ?EJ7C5 K<6:CDL
3A
$')6780%69!5 5 :;$<: 5!<*6=0%9-!>(6=6)'*!?8*-'0!@6(!2%)A/7!B'/(!5 5 !:!5 5
!"#$% &'5 5 :;$<: 5!<*6=0%9-!>(6=6)'*!?8*-'0!2B!5 5 !:!5 5
N3 ;CF5EFFC9D C8<BF
!"# !$$%&'( )$%*+ ",-$%)
O3 6;P9E:D
! "#$%$&%'(")$* %+,-.%/010.%23%"#%2#42524 "6%4*724*!%$&%"))*"6%"#8%4*72!2&#%9"4*%:2$(% *!)*7$%$&%"#8%
9"$$* %7&#!24* *4%"$%"%9**$2#;%& %(*" 2#;.%$("$%2#42524 "6%:266%#**4%"% *7& 4%&3%$(*%) &7**42#;!%"#4%
:266%#**4%$&%*#! *%$("$%"%5* <"$29% *7& 4%&3%$(*%) &7**42#;!%2!%9"4*0%=(*%'2$8%4&*!%#&$%) *)" *%& %
) &524*%! 7(% *7& 40%
>#%"77& 4"#7*%:2$(%$(*%?9* 27"#!%:2$(%@2!"<262$2*!%?7$.%)* !&#!%#**42#;%"!!2!$"#7*%$&%)" $272)"$*%2#%"#8%
&3%$(*!*%) &7**42#;!%!(& 64%7&#$"7$%'2$8%'6* AB " "6*;"6%C&<2#%D0%E"$ !27A.%FGH%I0%C25* !24*%@ 25*.%
J4;*:"$* .%/6& 24".%$*6*)(&#*%# 9<* %K,-LH+HL+HGG%M%FFGF.%N%4"8!%) 2& %$&%$(*%9**$2#;%4"$*0%>3%8& %
" *%(*" 2#;%& %5&27*%29)"2 *4.%7&#$"7$%$(*% *6"8%&)* "$& %"$%FL,GGLONNL,PPF
Q#*%& %9& *%9*9<* !%&3%'2$8%'& #726%& %&$(* %"452!& 8%<&" 4!%9"8%<*%) *!*#$0
,- .*/0*12)$3 $4(4-% $2*/%*567867979
( )$*+*
104 N. Riverside Drive
City of Edgewater
Edgewater, FL 32132
Legislation Text
File #:2020-CRA-02,Version:2
COMMUNITY REDEVELOPMENT AGENCY AGENDA ITEM
SUBJECT:
Resolution 2020-CRA-02 Adopting Proposed Budget for Fiscal Year 2020 - 2021
DEPARTMENT:
Community Redevelopment Agency
SUMMARY:
InExhibitAoftheResolution,thereisthebreakdownofprojectedrevenuesandexpensesforfiscalyear2020-
2021.AspertherequirementsinCountyResolution2014-159,CRAFundexpenditurescanonlybeusedfor
capital projects and façade grants.
BUDGETED ITEM: Yes No Not Applicable
BUDGET AMENDMENT REQUIRED: Yes No Not Applicable
RECOMMENDED ACTION:
Staff recommends motion to approve proposed budget for fiscal year 2020 - 2021.
City of EdgewaterPage 1 of 1Printed on 9/23/2020
powered by Legistar™
RESOLUTION #2020-CRA-02
A RESOLUTION OF THE EDGEWATER, COMMUNITY
REDEVELOPMENT AGENCY, EDGEWATER, FLORIDA;
ADOPTING A PROPOSED BUDGET FOR THE FISCAL
YEAR 2020 – 2021; PROVIDING FOR SEVERABILITY,
APPLICABILITY AND ESTABLISHING AN EFFECTIVE
DATE.
WHEREAS, The Edgewater Community Redevelopment Agency (Edgewater CRA) was
created pursuant to Chapter 163, Part III, Florida Statutes (the “Community Redevelopment Act”)
establishing the conditions and procedures for the establishment of community redevelopment areas
and agencies; and,
WHEREAS, the Edgewater CRA is a dependent special district under Chapter 189, Florida
Statues (2006), known as the Uniform Special District Accountability Act (the “Special District
Act”); and,
WHEREAS, the Special District Act requires all special districts, including dependent
special districts, such as the Edgewater CRA, to adopt a budget for each fiscal year by resolution;
NOW, THEREFORE, be it resolved by the Community Redevelopment Agency of
the City of Edgewater, Florida as follows:
Section 1. Authority. The Edgewater CRA has the authority to adopt this Resolution
pursuant to the Special District Act.
Section 2. Adoption of Budget. The governing body of the Edgewater CRA does
hereby approve and adopt a Budget for the Edgewater CRA for Fiscal Year 2020 – 2021. A copy of
the budget is attached hereto and incorporated herein as Exhibit “A”.
S ection 3. Severability. If any section, subsection, sentence, clause, phrase or portion of
this Resolution is for any reason held invalid or unconstitutional by any court of competent
jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such
Resolution #2020-CRA-02
Page 1
holding shall not affect the validity of the remaining potion hereto.
Section 4. Effective Date. This resolution shall take effect upon adoption.
After motion by Board Member ______________________ and second by Board
Member ____________________________, the vote on this resolution was as follows:
AYE NAY
Chair Thomas _____ ______
Board Member Power_____ ______
Board Member Yaney _____ ______
Board Member O’Keefe _____ ______
Board Member Conroy _____ ______
PASSED, APPROVED AND ADOPTED this 5th day of October, 2020.
ATTEST: EDGEWATER COMMUNITY
REDEVELOPMENT AGENCY OF THE
CITY OF EDGEWATER, FLORIDA
____________________________ By: ____________________________
Robin Matusick, CMC Mike Thomas
City Clerk/Paralegal Chair
For the use and reliance only by the Edgewater Approved by the Edgewater Community
Community Redevelopment Agency, City of Redevelopment Agency at a meeting held on this
Edgewater, Florida. Approved as to form and 5th day of October, 2020 under Agenda Item No.
legality by: Aaron R. Wolfe, Esquire #______.
City Attorney
Doran, Sims, Wolfe, Ciocchetti& Yoon
Resolution #2020-CRA-02
2
EXHIBIT “A”
#¨³¸ ®¥ %£¦¤¶ ³¤± #®¬¬´¨³¸ 2¤£¤µ¤«®¯¬¤³ !¦¤¢¸intentionally left blank
0±®¯®²¤£ "´£¦¤³ &¨²¢ « 9¤ ± /¢³®¡¤± ΐǾ ΑΏΑΏ ȃ 3¤¯³¤¬¡¤± ΒΏǾ ΑΏΑΐ
Time: 2015 - 2035Board: City Council
400 AcresContact: Samantha Bergeron, Director Parks & Recreation
intentionally left blankURL: www.EdgewaterCRA.org
Preliminary Value $ 93,262,011 as of June 24, 2020 intentionally left blankintentionally left blank
Less Base Year Tax Value: $ 62,754,205 intentionally left blankintentionally left blank
Equals Increment Value: $30,507,806 per thousand @6.7 Mils @ 95%intentionally left blank
intentionally left blank intentionally left blankintentionally left blank
Revenues:intentionally left blank intentionally left blank
DescriptionAmount intentionally left blank
City TIF (6.7 Mils)$ 194,182 intentionally left blank
County TIF (County Roll-Back ) (5.2547 Mils @95% @95%)$ 144,679 intentionally left blank
Interest$ - intentionally left blank
Balance Brought Forward$ 178,875 intentionally left blank
Total Proposed Revenues$ 517,736 intentionally left blank
intentionally left blank intentionally left blank intentionally left blank
Expenses:intentionally left blank intentionally left blank
DescriptionAmount intentionally left blank
Capital Projects:$ 457,736 intentionally left blank
Façade Grants (Small Scale $1,000 to $5,000)$ 50,000 intentionally left blank
Wayfinding Signs$ 10,000 intentionally left blank
Total Proposed Expenses$ 517,736 intentionally left blank
submitted October 5, 2020intentionally left blank intentionally left blank
Resolution #2020-CRA-02
Page 3