COMMUNITY REDEVELOPMENT AGENCY BOARD

Transcription

COMMUNITY REDEVELOPMENT AGENCY BOARD
AGENDA
COMMUNITY REDEVELOPMENT AGENCY
June 15, 2015
9:00 o’clock a.m.
COMMUNITY REDEVELOPMENT AGENCY BOARD
Chair
Johnny W.
Streets, Jr
Teresa
Watkins
Brown
Terolyn P.
Watson
Michael
Flanders
Forrest
Banks
Thomas C.
Randall P.
Leonardo Henderson, Jr.
CITY COUNCIL CHAMBERS, 2200 SECOND STREET, FORT MYERS, FLORIDA
Please complete a “Request to Speak” form if you plan to address the Community
Redevelopment Agency Board and submit prior to the start of the meeting.
CALL TO ORDER
Pledge of Allegiance to the Flag of the United
States of America
Roll Call
PUBLIC INPUT–NON AGENDA ITEMS: (Four (4)
minutes time limit per speaker)
1.01
Community Redevelopment
Chairman’s Comments
Agency
1.02
Community Redevelopment
Attorney’s Remarks
Agency
SOUTHWEST FLORIDA ENTERPRISE CENTER
2.01
Fiscal Year 2015 financial report for the
Southwest Florida Enterprise Center
FORT MYERS COMMUNITY REDEVELOPMENT AGENCY
3.01
Fiscal Year 2015 financial report for
each of the redevelopment districts
3.02
Fiscal Year 2015 financial report for the
parking fund
1
AGENDA
COMMUNITY REDEVELOPMENT AGENCY
June 15, 2015
9:00 o’clock a.m.
3.03
Request for Tax Increment Financing
from
Creighton
Development
&
Construction and Trinity Commercial
Group
3.04
Distribution of the
Neighborhood Plan
3.05
Budget transfer of $20,450 from
Downtown’s Expense Reserve account
into Other Subsidies and Assistance to
replace one of the HVAC units in the
Arcade Theater leasehold
3.06
Proposed Schedule of Payments to
Busey Bank for the Beau Rivage tax
rebate; and Appropriate $219,242.25 of
fund balance in the Downtown district,
increasing the revenue and operating
budgets by like amount in order to make
a payment of $29, 242.25 to Busey Bank
for
monies
owned
under
the
Development Agreement for the Beau
Rivage project
3.07
Discussion of Preliminary FY 16 budgets
for the Downtown, Cleveland, and MLK
districts
3.08
Association
Updates:
Downtown
Neighborhood Association, Downtown
Property Owner’s Association and River
District Alliance
3.09
Project Updates
Gardner’s
Park
UNAGENDAED ITEMS/COMMISSIONER DISCUSSION
2
COMMUNITY REDEVELOPMENT AGENCY
AGENDA ITEM SUMMARY
MEETING DATE: June 15, 2015
DISTRICT: All
WARD: All
AGENDA ITEM NO. 1.01
Revision Distributed:
SUBJECT: Community Redevelopment Agency (“CRA”) Chairman remarks.
ADVISORY BOARD RECOMMENDATION: N/A
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides the CRA Chair with the opportunity to
address the Board on any upcoming issues.
BACKGROUND INFORMATION:
The next CRA meeting will be held on July 22, 2015 at 9:00 a.m.
Update on Advisory Board’s discussion of future funding requests for McCollum Hall.
Continued to Next Page
Yes
Person Initiating Request: Chairwoman Johnny Streets/Don Paight
BOARD
Approved:
Denied:
ACTION
Tabled:
Conflict of Interest:
Item Continued
To:
Voting Log: Brown ____ Streets___ Watson___ Flanders____ Banks___ Leonardo___ Henderson___
No
COMMUNITY REDEVELOPMENT AGENCY
AGENDA ITEM SUMMARY
MEETING DATE: June 15, 2015
DISTRICT: All
WARD: All
AGENDA ITEM NO. 1.02
Revision Distributed:
SUBJECT: Community Redevelopment Agency Attorney's remarks.
ADVISORY BOARD RECOMMENDATION: N/A
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides the CRA Attorney with the opportunity to
address the Board on any pending legal issues.
BACKGROUND INFORMATION:
Any updates will be provided at the meeting.
Continued to Next Page
Yes
Person Initiating Request: CRA Attorney
COMMUNITY REDEVELOPMENT AGENCY ACTION
Approved:
Denied:
Tabled:
Item Continued
To:
Conflict of Interest:
Voting Log: Brown ____ Streets____ Watson____ Flanders____ Banks___ Leonardo___ Henderson___
No
COMMUNITY REDEVELOPMENT AGENCY
AGENDA ITEM SUMMARY
MEETING DATE: June 15, 2015
DISTRICT: MLK
WARD: 1
AGENDA ITEM NO. 2.01
Revision Distributed:
SUBJECT: Fiscal Year 2015 financial report for the Southwest Florida Enterprise
Center
ADVISORY BOARD RECOMMENDATION: N/A
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides a snapshot of the Enterprise Center’s
revenues and expenditures for the current fiscal year.
BACKGROUND INFORMATION: The table below shows the year to date revenues and
expenditures for the Southwest Florida Enterprise Center from October 1, 2014
through May 31, 2015.
Revenue
Budgeted
Year to Date
Revenues
Difference
% Received
$432,900
$308,058
$124,841
71.16%
Budgeted
$432,900
Year to Date
Expenses
$233,623
Difference
$199,276
% Used
53.97%
Expenses
Continued to Next Page
Yes
Person Initiating Request: Mike Love
COMMUNITY REDEVELOPMENT AGENCY ACTION
Approved:
Denied:
Tabled:
Item Continued
To:
Conflict of Interest:
Voting Log: Brown ____ Streets____ Watson____ Flanders____ Banks___ Leonardo___ Henderson___
No
glIncomeStatement
Page: 1
Statement of Revenues and Expenditures
6/5/2015 11:28:04AM
City of Fort Myers
10/01/2014
through 05/31/2015
Fund: 134
Department: 0000
Account #
Budget
Actual
Variance
0.00
90.63
-90.63
Department: 0000 Total Revenues:
0.00
90.63
-90.63
Department: 0000 Net Change:
0.00
90.63
-90.63
Revenues:
134-0000-361-1010
Interest and Other Earnings
Page: 1
glIncomeStatement
City of Fort Myers
10/01/2014
Fund: 134
Page: 2
Statement of Revenues and Expenditures
6/5/2015 11:28:04AM
through 05/31/2015
(Continued)
Department: 6293
Account #
Budget
Actual
Variance
0.00
125,600.00
0.00
6,300.00
3,100.00
0.00
0.00
10,000.00
287,900.00
0.00
0.00
99,373.02
0.00
4,309.48
2,349.60
0.00
0.00
10,000.00
191,936.00
0.00
0.00
26,226.98
0.00
1,990.52
750.40
0.00
0.00
0.00
95,964.00
0.00
432,900.00
307,968.10
124,931.90
78,360.00
63,100.00
2,800.00
30,000.00
9,300.00
49,900.00
23,700.00
1,000.00
100.00
1,500.00
6,000.00
100.00
2,500.00
1,500.00
0.00
500.00
34,000.00
2,500.00
20,500.00
3,400.00
18,100.00
6,500.00
1,000.00
7,800.00
500.00
14,100.00
17,200.00
1,500.00
0.00
1,300.00
1,000.00
16,900.00
1,000.00
15,240.00
0.00
70,208.64
2,228.68
1,745.77
3,704.87
13,869.11
13,437.93
666.64
0.00
0.00
2,437.03
100.00
1,304.00
0.00
0.00
0.46
24,782.17
714.94
13,666.64
2,266.64
12,066.64
3,695.80
304.00
4,969.74
0.00
14,095.57
11,466.64
443.62
0.00
1,403.10
0.00
16,900.00
748.26
15,240.00
78,360.00
-7,108.64
571.32
28,254.23
5,595.13
36,030.89
10,262.07
333.36
100.00
1,500.00
3,562.97
0.00
1,196.00
1,500.00
0.00
499.54
9,217.83
1,785.06
6,833.36
1,133.36
6,033.36
2,804.20
696.00
2,830.26
500.00
4.43
5,733.36
1,056.38
0.00
-103.10
1,000.00
0.00
251.74
0.00
Department: 6293 Total Expenditures:
432,900.00
232,466.89
200,433.11
Department: 6293 Net Change:
0.00
75,501.21
-75,501.21
Revenues:
134-6293-361-3015
134-6293-362-0030
134-6293-366-0001
134-6293-369-0010
134-6293-369-0100
134-6293-381-0002
134-6293-381-0061
134-6293-381-0151
134-6293-387-0002
134-6293-389-9010
Increase in Fair Value of Investments
Rental Income-SWFLEC
Donations from Private Sources
Miscellaneous Revenue (SWFEC)
Reimbursed Expense (SWFEC)
Trsf from General Fund
Trsf from CDBG
Trsf from MLK #1
Intrafund Trsf from General Fund
Prior Year Surplus
Department: 6293 Total Revenues:
Expenditures:
134-6293-552-1100
134-6293-552-1200
134-6293-552-1205
134-6293-552-1300
134-6293-552-2100
134-6293-552-2200
134-6293-552-2300
134-6293-552-2400
134-6293-552-2500
134-6293-552-3100
134-6293-552-3105
134-6293-552-3200
134-6293-552-3400
134-6293-552-4000
134-6293-552-4100
134-6293-552-4200
134-6293-552-4300
134-6293-552-4400
134-6293-552-4416
134-6293-552-4417
134-6293-552-4500
134-6293-552-4600
134-6293-552-4700
134-6293-552-4800
134-6293-552-4810
134-6293-552-4903
134-6293-552-4940
134-6293-552-5100
134-6293-552-5158
134-6293-552-5200
134-6293-552-5250
134-6293-552-5255
134-6293-552-5400
134-6293-552-6300
Salary - Exec (SWFEC)
Sal/Wage Regular (SWFEC)
Seniority Pay (SWFEC)
Salaries/Wages - Other (SWFEC)
FICA Tax (SWFEC)
Gen Retirement (SWFEC)
Health/Life Ins (SWFEC)
Workers' Comp (SWFEC)
Unemploy Comp (SWFEC)
Prof Svcs (SWFEC)
Legal Professional Services (SWFEC)
Accounting/Auditing (SWFEC)
Contract Svcs (SWFEC)
Travel/Trans (SWFEC)
Communication (SWFEC)
Freight/Postage (SWFEC)
Utilities (SWFEC)
Rentals/Leases (SWFEC)
ITS Svc Charges (SWFEC)
ITS Capital Recovery (SWFEC)
Insurance (SWFEC)
Repairs/Maint (SWFEC)
Printing/Binding (SWFEC)
Advertising (SWFEC)
Public Relations (SWFEC)
Taxes/Assessments (SWFEC)
General Admin Expense (SWFEC)
Office Supplies (SWFEC)
Hardware < $750 (SWFEC)
Operating Supplies (SWFEC)
Small Tools/Equip (SWFEC)
Assets $750-$5,000 (SWFEC)
Dues/Subscriptions (SWFEC)
Improvements (SWFEC)
Page: 2
glIncomeStatement
City of Fort Myers
10/01/2014
Fund: 134
Page: 3
Statement of Revenues and Expenditures
6/5/2015 11:28:04AM
through 05/31/2015
(Continued)
Department: 9998
Account #
Budget
Actual
Variance
0.00
0.00
0.00
Department: 9998 Total Expenditures:
0.00
0.00
0.00
Department: 9998 Net Change:
0.00
0.00
0.00
Fund: 134 Total Revenues:
432,900.00
308,058.73
124,841.27
Fund: 134 Total Expenditures:
432,900.00
232,466.89
200,433.11
Fund: 134 Net Change:
0.00
75,591.84
-75,591.84
Grand Total Revenues:
432,900.00
308,058.73
124,841.27
Grand Total Expenditures:
432,900.00
232,466.89
200,433.11
Total Net Change:
0.00
75,591.84
-75,591.84
Expenditures:
134-9998-552-9998
SWFEC Reserves
Page: 3
COMMUNITY REDEVELOPMENT AGENCY
AGENDA ITEM SUMMARY
DISTRICT: All
WARD: All
MEETING DATE: June 15, 2015
AGENDA ITEM NO. 3.01
Revision Distributed:
SUBJECT: Fiscal Year 2015 financial report for each of the redevelopment districts.
ADVISORY BOARD RECOMMENDATION: N/A
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides a snapshot of each redevelopment district’s
expenditures.
BACKGROUND INFORMATION:
A summary of each district’s expenditures for the period from October 1, 2014 to May
31, 2015 is shown below.
District Central Cleveland Downtown MLK Remaining Balance 1 Amended Budget Expenditures + Encumbrances 59,300
4,857
54,443
444,700
3,134,341
695,900
276,588
2,586,498
158,576
168,112
547,843
537,324
Notes $50,000 hs been encumbered for the Mid‐Town plan Includes $500,00 state grant 1
Please note the Remaining Balance shown includes amounts which may already be committed
for existing programs and expenses, but which not yet been encumbered or spent.
Continued to Next Page
Yes
Person Initiating Request: Leigh Scrabis
BOARD ACTION
Approved:
Denied:
Tabled:
Conflict of Interest:
Item Continued
To:
Voting Log: Brown ____ Streets___ Watson___ Flanders____ Banks___ Leonardo___ Henderson___
No
Central Fort Myers Redevelopment District
Expenditure Report
expstat.rpt
06/05/2015
10:09AM
Periods: 1 through 8
133
Central Fort Myers Redevelopment TIF
6305
Central Fort Myers Redevelopment Area
Account Number
Expenditure Status Report
Page:
1
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
6305-500-1000 Personnel Services
6305-559-1100 Salary - Exec (CEN DRA TIF)
5,300.00
3,453.08
3,453.08
0.00
1,846.92
65.15
6305-559-1202 Vehicle Allowance (CEN DRA TIF)
100.00
109.28
109.28
0.00
-9.28
109.28
6305-559-1205 Officer Seniority Pay (CEN DRA TIF)
200.00
185.81
185.81
0.00
14.19
92.91
6305-500-2000 Personnel Services - Benefits
6305-559-2100 FICA Tax (CEN DRA TIF)
400.00
282.36
282.36
0.00
117.64
70.59
6305-559-2300 Health/Life Ins (CEN DRA TIF)
900.00
559.88
559.88
0.00
340.12
62.21
50,000.00
0.00
0.00
0.00
50,000.00
0.00
6305-500-3000 Operating Expenses - Services
6305-559-3100 Prof Svcs (CEN DRA TIF)
6305-500-4000 Travel and Other Services
6305-559-4700 Printing/Binding (CEN DRA TIF)
500.00
0.00
0.00
0.00
500.00
0.00
1,000.00
0.00
0.00
0.00
1,000.00
0.00
6305-559-4810 Public Relations (CEN DRA TIF)
500.00
0.00
0.00
0.00
500.00
0.00
6305-559-4940 General Admin Expense (CEN DRA TIF)
400.00
266.64
266.64
0.00
133.36
66.66
6305-559-4800 Advertising (CEN DRA TIF)
6305-500-9000 Other Uses
Page:
1
expstat.rpt
06/05/2015
10:09AM
Periods: 1 through 8
133
Central Fort Myers Redevelopment TIF
9998
Reserves
Account Number
Expenditure Status Report
Page:
2
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
59,300.00
4,857.05
4,857.05
0.00
54,442.95
8.19
9998-500-9000 Other Uses
Grand Total
Page:
2
Cleveland Redevelopment Districts I-IV
Expenditure Report
expstat.rpt
06/05/2015
10:10AM
Periods: 1 through 8
141
Cleveland Ave #1 Redevelopment TIF
5141
Cleveland Ave Redevelopment District #1
Account Number
Expenditure Status Report
Page:
1
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
5141-500-1000 Personnel Services
5141-559-1100 Salary - Exec (CAD TIF)
5,300.00
3,452.99
3,452.99
0.00
1,847.01
65.15
5141-559-1200 Sal/Wage Regular (CAD TIF)
57,900.00
37,674.17
37,674.17
0.00
20,225.83
65.07
5141-559-1202 Vehicle Allowance (CAD TIF)
200.00
109.26
109.26
0.00
90.74
54.63
5141-559-1205 Seniority Pay (CAD TIF)
1,000.00
1,301.38
1,301.38
0.00
-301.38
130.14
5141-559-1400 Sal/Wage Overtime (CAD TIF)
1,000.00
0.00
0.00
0.00
1,000.00
0.00
63.94
5141-500-2000 Personnel Services - Benefits
5141-559-2100 FICA Tax (CAD TIF)
4,500.00
2,877.13
2,877.13
0.00
1,622.87
5141-559-2200 Gen Retirement (CAD TIF)
20,100.00
13,010.10
13,010.10
0.00
7,089.90
64.73
5141-559-2300 Health/Life Ins (CAD TIF)
16,900.00
11,484.95
11,484.95
0.00
5,415.05
67.96
82,400.00
1,979.25
1,979.25
72,601.85
7,818.90
90.51
4,000.00
1,560.00
1,560.00
2,440.00
0.00
100.00
5141-500-3000 Operating Expenses - Services
5141-559-3100 Prof Svcs (CAD TIF)
5141-559-3105 Legal Professional Services (CAD TIF)
5141-559-3200 Accounting/Auditing (CAD TIF)
100.00
100.00
100.00
0.00
0.00
100.00
3,500.00
700.00
700.00
1,300.00
1,500.00
57.14
2,200.00
1,832.20
1,832.20
0.00
367.80
83.28
500.00
0.00
0.00
0.00
500.00
0.00
2,500.00
1,646.40
1,646.40
0.00
853.60
65.86
30,000.00
22,734.46
22,734.46
8,024.99
-759.45
102.53
5,600.00
2,710.97
2,710.97
2,889.03
0.00
100.00
5141-559-4700 Printing/Binding (CAD TIF)
500.00
25.00
25.00
0.00
475.00
5.00
5141-559-4800 Advertising (CAD TIF)
900.00
29.75
29.75
0.00
870.25
3.31
5141-559-4813 Public Relations (CAD TIF)
400.00
0.00
0.00
0.00
400.00
0.00
22,000.00
17,844.12
17,844.12
0.00
4,155.88
81.11
150,000.00
32,984.28
32,984.28
17,015.72
100,000.00
33.33
20,100.00
13,400.00
13,400.00
0.00
6,700.00
66.67
5141-559-3400 Contract Svcs (CAD TIF)
5141-500-4000 Travel and Other Services
5141-559-4000 Travel/Trans (CAD TIF)
5141-559-4200 Freight/Postage (CAD TIF)
5141-559-4300 Utilities (CAD TIF)
5141-559-4400 Rentals/Leases (CAD TIF)
5141-559-4600 Repairs/Maint (CAD TIF)
5141-559-4904 Tax Increment Rebates (CAD TIF)
5141-559-4906 Other Subsidies and Assistance (CAD TIF)
5141-559-4940 General Admin Expense (CAD TIF)
Page:
1
expstat.rpt
06/05/2015
10:10AM
Periods: 1 through 8
141
Cleveland Ave #1 Redevelopment TIF
5141
Cleveland Ave Redevelopment District #1
Account Number
Expenditure Status Report
Page:
2
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
60.36
5141-500-5000 Operating Expenses - Supplies
5141-559-5100 Office Supplies (CAD TIF)
1,500.00
905.36
905.36
0.00
594.64
5141-559-5200 Operating Supplies (CAD TIF)
5,000.00
177.65
177.65
0.00
4,822.35
3.55
5141-559-5400 Dues/Subscriptions (CAD TIF)
6,600.00
3,776.83
3,776.83
0.00
2,823.17
57.22
5141-500-7000 Debt Service
5141-500-9000 Other Uses
Page:
2
expstat.rpt
06/05/2015
10:10AM
Periods: 1 through 8
141
Cleveland Ave #1 Redevelopment TIF
9998
Reserves
Account Number
Expenditure Status Report
Page:
3
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
444,700.00
172,316.25
172,316.25
104,271.59
168,112.16
62.20
9998-500-9000 Other Uses
Grand Total
Page:
3
Downtown Redevelopment District
Expenditure Report
expstat.rpt
06/05/2015
10:07AM
Periods: 1 through 8
130
Downtown Redevelopment Area
6301
Downtown Redevelopment Agency
Account Number
Expenditure Status Report
Page:
1
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
6301-500-1000 Personnel Services
6301-552-1100 Salary - Exec (DRA)
84,400.00
55,249.09
55,249.09
0.00
29,150.91
65.46
6301-552-1200 Sal/Wage Regular (DRA)
177,200.00
105,418.38
105,418.38
0.00
71,781.62
59.49
6301-552-1202 Vehicle Allowance (DRA)
2,900.00
1,748.40
1,748.40
0.00
1,151.60
60.29
6301-552-1205 Seniority Pay (DRA)
4,200.00
5,136.39
5,136.39
0.00
-936.39
122.30
27,500.00
10,221.15
10,221.15
0.00
17,278.85
37.17
1,000.00
1,741.73
1,741.73
0.00
-741.73
174.17
6301-552-1300 Salaries/Wages - Other (DRA)
6301-552-1400 Sal/Wage Overtime (DRA)
6301-500-2000 Personnel Services - Benefits
6301-552-2100 FICA Tax (DRA)
20,400.00
12,582.98
12,582.98
0.00
7,817.02
61.68
6301-552-2200 Gen Retirement (DRA)
51,300.00
28,207.83
28,207.83
0.00
23,092.17
54.99
6301-552-2300 Health/Life Ins (DRA)
86,700.00
36,148.21
36,148.21
0.00
50,551.79
41.69
6301-552-2400 Workers' Comp (DRA)
1,100.00
733.36
733.36
0.00
366.64
66.67
6301-552-2500 Unemploy Comp (DRA)
1,200.00
0.00
0.00
0.00
1,200.00
0.00
197,218.00
87,483.58
87,483.58
52,034.29
57,700.13
70.74
64,000.00
28,271.13
28,271.13
15,728.87
20,000.00
68.75
400.00
400.01
400.01
0.00
-0.01
100.00
70,664.00
35,289.73
35,289.73
6,887.24
28,487.03
59.69
78.62
6301-500-3000 Operating Expenses - Services
6301-552-3100 Prof Svcs (DRA)
6301-552-3105 Legal Professional Services (DRA)
6301-552-3200 Accounting/Auditing (DRA)
6301-552-3400 Contract Svcs (DRA)
6301-500-4000 Travel and Other Services
6301-552-4000 Travel/Trans (DRA)
1,500.00
1,179.24
1,179.24
0.00
320.76
6301-552-4100 Communication (DRA)
500.00
0.00
0.00
0.00
500.00
0.00
6301-552-4200 Freight/Postage (DRA)
1,500.00
419.25
419.25
386.43
694.32
53.71
6301-552-4300 Utilities (DRA)
74,900.00
46,167.36
46,167.36
0.00
28,732.64
61.64
124,090.00
92,835.16
92,835.16
31,345.91
-91.07
100.07
35,100.00
23,400.00
23,400.00
0.00
11,700.00
66.67
5,800.00
3,866.64
3,866.64
0.00
1,933.36
66.67
6301-552-4500 Insurance (DRA)
29,000.00
19,333.36
19,333.36
0.00
9,666.64
66.67
6301-552-4600 Repairs/Maint (DRA)
85,842.00
11,016.28
11,016.28
18,153.67
56,672.05
33.98
6301-552-4400 Rentals/Leases (DRA)
6301-552-4416 ITS Svc Charges (DRA)
6301-552-4417 ITS Capital Recovery (DRA)
Page:
1
expstat.rpt
06/05/2015
10:07AM
Periods: 1 through 8
130
Downtown Redevelopment Area
6301
Downtown Redevelopment Agency
Account Number
6301-552-4700 Printing/Binding (DRA)
Expenditure Status Report
Page:
2
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
68.61
6,947.00
2,409.08
2,409.08
2,357.33
2,180.59
30,000.00
20,065.00
20,065.00
6,340.00
3,595.00
88.02
1,000.00
265.81
265.81
0.00
734.19
26.58
6301-552-4813 Public Relations Special Events (DRA)
255,000.00
250,600.00
250,600.00
1,200.00
3,200.00
98.75
6301-552-4904 Tax Increment Rebates (DRA)
594,322.00
594,321.39
594,321.39
0.00
0.61
100.00
6301-552-4906 Other Subsidies and Assistance (DRA)
220,000.00
220,000.00
220,000.00
0.00
0.00
100.00
6301-552-4940 General Admin Expense (DRA)
105,900.00
70,600.00
70,600.00
0.00
35,300.00
66.67
6301-552-4800 Advertising (DRA)
6301-552-4810 Public Relations (DRA)
6301-500-5000 Operating Expenses - Supplies
6301-552-5100 Office Supplies (DRA)
900.00
144.84
144.84
0.00
755.16
16.09
6301-552-5200 Operating Supplies (DRA)
8,841.00
4,144.26
4,144.26
224.60
4,472.14
49.42
6301-552-5400 Dues/Subscriptions (DRA)
1,663.00
1,579.81
1,579.81
0.00
83.19
95.00
24,440.00
7,500.00
7,500.00
15,860.00
1,080.00
95.58
50,000.00
0.00
0.00
0.00
50,000.00
0.00
657,500.00
657,500.00
657,500.00
0.00
0.00
100.00
6301-500-6000 Capital Outlay
6301-552-6400 Equipment (DRA)
6301-500-7000 Debt Service
6301-552-7188 Principal Expense Advances (DRA)
6301-500-9000 Other Uses
6301-587-9131 Intrafund Trsf to DRA Debt Svc (DRA)
Page:
2
expstat.rpt
06/05/2015
10:07AM
Periods: 1 through 8
130
Downtown Redevelopment Area
9998
Reserves
Expenditure Status Report
Page:
3
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
9998-552-9998 DRA Fund Reserves
29,414.00
0.00
0.00
0.00
29,414.00
0.00
Grand Total
3,134,341.00
2,435,979.45
2,435,979.45
150,518.34
547,843.21
82.52
Account Number
9998-500-9000 Other Uses
Page:
3
MLK Redevelopment Districts I-IV
Expenditure Report
expstat.rpt
06/05/2015
10:12AM
Periods: 1 through 8
151
MLK Blvd #1 Redevelopment TIF
5161
MLK Blvd Redevelopment District #1
Account Number
Expenditure Status Report
Page:
1
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
5161-500-1000 Personnel Services
5161-559-1100 Salary - Exec (MLK TIF)
10,500.00
6,906.14
6,906.14
0.00
3,593.86
65.77
5161-559-1200 Sal/Wage Regular (MLK TIF)
64,800.00
42,233.84
42,233.84
0.00
22,566.16
65.18
5161-559-1202 Vehicle Allowance (MLK TIF)
400.00
218.55
218.55
0.00
181.45
54.64
5161-559-1205 Seniority Pay (MLK TIF)
1,700.00
1,612.77
1,612.77
0.00
87.23
94.87
5161-559-1400 Sal/Wage Overtime (MLK TIF)
1,000.00
0.00
0.00
0.00
1,000.00
0.00
5161-500-2000 Personnel Services - Benefits
5161-559-2100 FICA Tax (MLK TIF)
5,800.00
3,765.99
3,765.99
0.00
2,034.01
64.93
5161-559-2200 Gen Retirement (MLK TIF)
21,400.00
14,083.54
14,083.54
0.00
7,316.46
65.81
5161-559-2300 Health/Life Ins (MLK TIF)
11,600.00
7,762.53
7,762.53
0.00
3,837.47
66.92
5161-500-3000 Operating Expenses - Services
5161-559-3100 Prof Svcs (MLK TIF)
1,000.00
0.00
0.00
0.00
1,000.00
0.00
5161-559-3104 Prof Svcs McCollum Hall (MLK TIF)
37,800.00
0.00
0.00
37,800.00
0.00
100.00
5161-559-3105 Legal Professional Services (MLK TIF)
10,000.00
2,242.50
2,242.50
1,757.50
6,000.00
40.00
100.00
100.00
100.00
0.00
0.00
100.00
1,000.00
0.00
0.00
0.00
1,000.00
0.00
5161-559-4000 Travel/Trans (MLK TIF)
900.00
688.75
688.75
0.00
211.25
76.53
5161-559-4200 Freight/Postage (MLK TIF)
200.00
22.23
22.23
0.00
177.77
11.12
18,500.00
7,787.50
7,787.50
750.00
9,962.50
46.15
2.30
5161-559-3200 Accounting/Auditing (MLK TIF)
5161-559-3400 Contract Svcs (MLK TIF)
5161-500-4000 Travel and Other Services
5161-559-4600 Repairs/Maint (MLK TIF)
5161-559-4603 Repairs/Maint McCollum Hall (MLK TIF)
462,200.00
0.00
0.00
10,628.00
451,572.00
5161-559-4700 Printing/Binding (MLK TIF)
300.00
0.00
0.00
0.00
300.00
0.00
5161-559-4800 Advertising (MLK TIF)
900.00
640.30
640.30
0.00
259.70
71.14
5161-559-4813 Public Relations (MLK TIF)
1,500.00
1,500.00
1,500.00
0.00
0.00
100.00
5161-559-4903 Taxes/Assessments (MLK TIF)
1,500.00
486.60
486.60
0.00
1,013.40
32.44
20,000.00
0.00
0.00
0.00
20,000.00
0.00
8,900.00
5,933.36
5,933.36
0.00
2,966.64
66.67
5161-559-4906 Other Subsidies and Assistance (MLK TIF)
5161-559-4940 General Admin Expense (MLK TIF)
Page:
1
expstat.rpt
06/05/2015
10:12AM
Periods: 1 through 8
151
MLK Blvd #1 Redevelopment TIF
5161
MLK Blvd Redevelopment District #1
Account Number
Expenditure Status Report
Page:
2
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
5161-500-5000 Operating Expenses - Supplies
5161-559-5100 Office Supplies (MLK TIF)
5161-559-5400 Dues/Subscriptions (MLK TIF)
300.00
0.00
0.00
0.00
300.00
0.00
3,600.00
1,655.59
1,655.59
0.00
1,944.41
45.99
10,000.00
10,000.00
10,000.00
0.00
0.00
100.00
5161-500-6000 Capital Outlay
5161-500-7000 Debt Service
5161-500-9000 Other Uses
5161-581-9134 Trsf to SWFLEC (MLK TIF)
Page:
2
expstat.rpt
06/05/2015
10:12AM
Periods: 1 through 8
151
MLK Blvd #1 Redevelopment TIF
9998
Reserves
Account Number
Expenditure Status Report
Page:
3
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
695,900.00
107,640.19
107,640.19
50,935.50
537,324.31
22.79
9998-500-9000 Other Uses
Grand Total
Page:
3
COMMUNITY REDEVELOPMENT AGENCY
AGENDA ITEM SUMMARY
DISTRICT: DT
WARD: 4
MEETING DATE: June 15, 2015
AGENDA ITEM NO. 3.02
Revision Distributed:
SUBJECT: Fiscal Year 2015 financial report for the Parking Fund.
ADVISORY BOARD RECOMMENDATION: N/A
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides a snapshot of the Parking Fund’s
revenues and operating expenses.
BACKGROUND INFORMATION:
The table below shows the year to date revenues and expenditures for the Parking
Fund from October 1, 2014 through May 31, 2015.
Revenue
Budgeted
Year to Date
Revenues
Difference
% Received
$1,023,892
$783,553
$240,339
76.53%
Budgeted
Year to Date
Expenses &
Encumbrances
Difference
% Used
$1,023,892
$769,916
$253,976
75.20%
Expenses
Note: The Parking Fund is an enterprise fund that falls under the domain of the City. Due to the
relationship between parking and redevelopment, daily management of the parking operations
is overseen by the Community Redevelopment Agency and the City’s consultant, Standard
Parking.
Continued to Next Page
Yes
Person Initiating Request: Leigh Scrabis
BOARD ACTION
Approved:
Denied:
Tabled:
Conflict of Interest:
Item Continued To:
Voting Log: Brown ____ Streets___ Watson___ Flanders____ Banks___ Leonardo___ Henderson___
No
Parking Fund
Revenue Report
(Note: This is an enterprise fund belonging to the City.)
revstat.rpt
06/05/2015
10:26AM
Periods: 1 through 8
403
Downtown Parking Garages Operations
0000
Non-Departmental
Revenue Status Report
Page:
1
City of Fort Myers
10/1/2014
5/31/2015
through
Adjusted
Estimate
Revenues
Year-to-date
Revenues
Balance
Prct
Rcvd
23,633.00
23,633.98
23,633.98
-0.98
100.00
23,633.00
23,633.98
23,633.98
-0.98
100.00
0000-361-1010 Interest and Other Earnings
300.00
813.71
813.71
-513.71
271.24
Total *** Title Not Found ***
300.00
813.71
813.71
-513.71
271.24
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
124,959.32
0.00
0.00
124,959.32
0.00
Account Number
0000-0000
*** Title Not Found ***
0000-369-0011 Special Events Revenue
Total *** Title Not Found ***
0000-1000
0000-3000
*** Title Not Found ***
*** Title Not Found ***
Total *** Title Not Found ***
0000-7000
*** Title Not Found ***
Total *** Title Not Found ***
0000-9000
Program Income
0000-389-9010 Prior Year Surplus
Page:
1
revstat.rpt
06/05/2015
10:26AM
Periods: 1 through 8
403
Downtown Parking Garages Operations
0000
Non-Departmental
Revenue Status Report
Page:
2
City of Fort Myers
10/1/2014
5/31/2015
through
Adjusted
Estimate
Revenues
Year-to-date
Revenues
Balance
Prct
Rcvd
Total Program Income
124,959.32
0.00
0.00
124,959.32
0.00
Total Non-Departmental
148,892.32
24,447.69
24,447.69
124,444.63
16.42
Account Number
Page:
2
revstat.rpt
06/05/2015
10:26AM
Periods: 1 through 8
403
Downtown Parking Garages Operations
4030
Parking Garage - Main Street
Revenue Status Report
Page:
3
City of Fort Myers
10/1/2014
5/31/2015
through
Adjusted
Estimate
Revenues
Year-to-date
Revenues
Balance
Prct
Rcvd
0.00
0.00
0.00
0.00
0.00
240,000.00
220,075.83
220,075.83
19,924.17
91.70
Total Strategy A Revenue Loan
240,000.00
220,075.83
220,075.83
19,924.17
91.70
Total Parking Garage - Main Street
240,000.00
220,075.83
220,075.83
19,924.17
91.70
Account Number
4030-0000
*** Title Not Found ***
Total *** Title Not Found ***
4030-5000
Strategy A Revenue Loan
4030-344-5010 Parking Garage Fees (MAIN PG)
Page:
3
revstat.rpt
06/05/2015
10:26AM
Periods: 1 through 8
403
Downtown Parking Garages Operations
4031
Parking Garage - City of Palms
Revenue Status Report
Page:
4
City of Fort Myers
10/1/2014
5/31/2015
through
Adjusted
Estimate
Revenues
Year-to-date
Revenues
Balance
Prct
Rcvd
0.00
0.00
0.00
0.00
0.00
50,000.00
33,897.82
33,897.82
16,102.18
67.80
50,000.00
33,897.82
33,897.82
16,102.18
67.80
360,000.00
306,925.85
306,925.85
53,074.15
85.26
Total Strategy A Revenue Loan
360,000.00
306,925.85
306,925.85
53,074.15
85.26
Total Parking Garage - City of Palms
410,000.00
340,823.67
340,823.67
69,176.33
83.13
Account Number
4031-0000
*** Title Not Found ***
Total *** Title Not Found ***
4031-1000
*** Title Not Found ***
4031-362-1010 Rental Income-City of Palms Parking Gar
Total *** Title Not Found ***
4031-5000
Strategy A Revenue Loan
4031-344-5010 Parking Garage Fees (COP PG)
Page:
4
revstat.rpt
06/05/2015
10:26AM
Periods: 1 through 8
403
Downtown Parking Garages Operations
4032
Parking Garage Administration
Revenue Status Report
Page:
5
City of Fort Myers
10/1/2014
5/31/2015
through
Adjusted
Estimate
Revenues
Year-to-date
Revenues
Balance
Prct
Rcvd
160,000.00
166,842.60
166,842.60
-6,842.60
104.28
160,000.00
166,842.60
166,842.60
-6,842.60
104.28
4032-344-5000 Parking Meter Permits
70,000.00
31,363.79
31,363.79
38,636.21
44.81
Total Strategy A Revenue Loan
70,000.00
31,363.79
31,363.79
38,636.21
44.81
230,000.00
198,206.39
198,206.39
31,793.61
86.18
Account Number
4032-0000
*** Title Not Found ***
4032-354-0010 Parking Meter Fines
Total *** Title Not Found ***
4032-5000
Strategy A Revenue Loan
Total Parking Garage Administration
Page:
5
revstat.rpt
06/05/2015
10:26AM
Periods: 1 through 8
403
Downtown Parking Garages Operations
9998
Reserves
Revenue Status Report
Page:
6
City of Fort Myers
10/1/2014
5/31/2015
through
Adjusted
Estimate
Revenues
Year-to-date
Revenues
Balance
Prct
Rcvd
-5,000.00
0.00
0.00
-5,000.00
0.00
Total Program Income
-5,000.00
0.00
0.00
-5,000.00
0.00
Total Reserves
-5,000.00
0.00
0.00
-5,000.00
0.00
1,023,892.32
783,553.58
783,553.58
240,338.74
76.53
1,023,892.32
783,553.58
783,553.58
240,338.74
76.53
Account Number
9998-9000
Program Income
9998-389-9998 Revenue Reserves
Total Downtown Parking Garages Operations
Grand Total
Page:
6
Parking Fund
Expenditure Report
(Note: This is an enterprise fund belonging to the City.)
expstat.rpt
06/05/2015
10:23AM
Periods: 1 through 8
403
Downtown Parking Garages Operations
4030
Parking Garage - Main Street
Account Number
Expenditure Status Report
Page:
1
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
4030-500-3000 Operating Expenses - Services
4030-545-3100 Prof Svcs (MAIN PG)
4030-545-3400 Contract Svcs (MAIN PG)
3,000.00
5,045.74
5,045.74
0.00
-2,045.74
168.19
190,143.00
108,756.00
108,756.00
77,776.05
3,610.95
98.10
4030-500-4000 Travel and Other Services
4030-545-4300 Utilities (MAIN PG)
4030-545-4600 Repairs/Maint (MAIN PG)
4030-545-4903 Taxes/Assessments (MAIN PG)
2,000.00
0.00
0.00
0.00
2,000.00
0.00
24,400.00
9,800.00
9,800.00
3,800.00
10,800.00
55.74
1,800.00
1,718.87
1,718.87
0.00
81.13
95.49
4030-500-5000 Operating Expenses - Supplies
Page:
1
expstat.rpt
06/05/2015
10:23AM
Periods: 1 through 8
403
Downtown Parking Garages Operations
4031
Parking Garage - City of Palms
Account Number
Expenditure Status Report
Page:
2
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
4031-500-3000 Operating Expenses - Services
4031-545-3100 Prof Svcs (COP PG)
4031-545-3400 Contract Svcs (COP PG)
10,000.00
0.00
0.00
0.00
10,000.00
0.00
198,757.00
107,846.53
107,846.53
77,126.05
13,784.42
93.06
4031-500-4000 Travel and Other Services
4031-545-4300 Utilities (COP PG)
2,500.00
958.40
958.40
0.00
1,541.60
38.34
4031-545-4600 Repairs/Maint (COP PG)
78,275.00
32,807.03
32,807.03
29,525.00
15,942.97
79.63
4031-545-4941 Harborside Retail Tenant Exp (COP PG)
23,800.00
17,525.70
17,525.70
0.00
6,274.30
73.64
4031-500-5000 Operating Expenses - Supplies
Page:
2
expstat.rpt
06/05/2015
10:23AM
Periods: 1 through 8
403
Downtown Parking Garages Operations
4032
Parking Garage Administration
Account Number
Expenditure Status Report
Page:
3
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
4032-500-1000 Personnel Services
4032-500-2000 Personnel Services - Benefits
4032-500-3000 Operating Expenses - Services
4032-545-3200 Accounting/Auditing (PGA)
4032-545-3400 Contract Svcs (PGA)
300.00
300.01
300.01
0.00
-0.01
100.00
208,842.00
131,746.38
131,746.38
81,310.00
-4,214.38
102.02
71.17
4032-500-4000 Travel and Other Services
4032-545-4100 Communication (PGA)
4032-545-4600 Repairs/Maint (PGA)
4032-545-4900 Other Current Chgs (PGA)
4032-545-4910 Bad Debt Expense (PGA)
4032-545-4930 Cash (Over)Short (PGA)
4032-545-4940 General Admin Expense (PGA)
2,500.00
1,779.36
1,779.36
0.00
720.64
11,973.00
998.38
998.38
0.00
10,974.62
8.34
7,343.00
7,220.69
7,220.69
0.00
122.31
98.33
100.00
0.00
0.00
0.00
100.00
0.00
0.00
-141.90
-141.90
0.00
141.90
0.00
2,200.00
1,466.64
1,466.64
0.00
733.36
66.67
4032-500-5000 Operating Expenses - Supplies
4032-545-5100 Office Supplies (PGA)
825.00
787.73
787.73
0.00
37.27
95.48
2,675.00
2,411.36
2,411.36
0.00
263.64
90.14
4032-581-9002 Trsf to General Fund (PGA)
100,000.00
66,664.00
66,664.00
0.00
33,336.00
66.66
4032-581-9310 Trsf to General CIB (PGA)
152,459.32
2,687.96
2,687.96
0.00
149,771.36
1.76
4032-545-5200 Operating Supplies (PGA)
4032-500-6000 Capital Outlay
4032-500-9000 Other Uses
Page:
3
expstat.rpt
06/05/2015
10:23AM
Periods: 1 through 8
403
Downtown Parking Garages Operations
9998
Reserves
Account Number
Expenditure Status Report
Page:
4
City of Fort Myers
10/1/2014
through 5/31/2015
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
1,023,892.32
500,378.88
500,378.88
269,537.10
253,976.34
75.20
9998-500-9000 Other Uses
Grand Total
Page:
4
COMMUNITY REDEVELOPMENT AGENCY BOARD
AGENDA ITEM SUMMARY
MEETING DATE: June 15, 2015
DISTRICT: CL
WARD: 5
AGENDA ITEM NO. 3.03
Revision Distributed:
SUBJECT: Request for Tax Increment Financing from Creighton Development &
Construction and Trinity Commercial Group for the property located at 5370
Cleveland Avenue
ADVISORY BOARD RECOMMENDATION: Approve
MOTION: Approve an annual tax increment subsidy of $120,000 for a period of 10
years for the property located at 5370 S. Cleveland Avenue.
FUNDING SOURCE:
FISCAL IMPACT:
Future Cleveland tax increment
$120,000 per year for 10 years
WHAT ACTION ACCOMPLISHES: Provides a subsidy to allow the property
owner/developer to compete with other sites outside the City limits to attract a major
national retailer to this site which is located within Cleveland District No. 4. Tax
increment rebates are one of the financial incentives included Action Step ED-5 in the
2014 update proposed for the 2010 Cleveland Plan.
BACKGROUND INFORMATION:
Creighton Development & Construction and Trinity
Commercial Group have the property located at 5370 S. Cleveland Avenue under a
purchase contract. The site is located on the west side of Cleveland Ave. just south of
the intersection of Cleveland Avenue and Boy Scout Drive. The developer plans to
construct a 40,000 sq. ft. single tenant building with 287 parking spaces with the
possibility of a future outparcel of approximately 6,000 sq. ft. with 108 parking spaces.
The attached presentation contains information on the applicants, Creighton and
Trinity, along with some basic information for the proposed project. The tenant is a
national retailer but due to confidentiality restrictions the name cannot be released.
The total projected cost of the development is $12,100,000 which includes: land
acquisition ($6,856,000); professional fees ($461,500); and construction costs
($4,782,500). In order to attract the tenant to this site, which is within the City limits,
the developer has to be able to offer a competitive lease rate which is estimated to be
$16.96 per sq. ft. or better, which yields a return on investment (ROI) of only 5.6%. The
developer approached the CRA requesting a $3 per sq. ft. subsidy for a period of 10years in order to increase the ROI to a more acceptable rate of 6.6%.
Continued to Next Page
Yes
Person Initiating Request: Don Paight/Leigh Scrabis
BOARD ACTION
Approved:
Denied:
Tabled:
Conflict of Interest:
Item Continued To:
Voting Log: Brown ____ Streets___ Watson___ Flanders____ Banks___ Leonardo___ Henderson___
No
COMMUNITY REDEVELOPMENT AGENCY BOARD
AGENDA ITEM SUMMARY
Background Information – Continued
Meeting Date: June 15, 2015
Motion: Approve an annual tax increment subsidy of $120,000 for a period of 10 years
for the property located at 5370 S. Cleveland Avenue.
A $3.00 per foot subsidy would amount to $120,000 per year. In order for this project to
generate $120,000 per year in tax increment revenue the Property Appraiser would have to
value the development at approximately $10 million. The developer is competing with a
site in the County that offers better demographics and a lease rate in the range of $16.00 $17.00 per foot.
The CRA Advisory Board agreed that this project would be a strong anchor on this end of
Cleveland. It will generate over 200 jobs (18 of which will be store level managers at
salaries of $70,000 to $200,000), attract additional development to the corridor and
increase the sales tax collections. To insure the developers offer was competitive the
Board discussed offering a 95%, 10 year tax increment subsidy with a minimum payment
of $120,000 (a $3.00 per foot subsidy) and a maximum, depending on the final property
evaluation, of $160,000 (a $4.00 per foot subsidy). Since this district is approximately $2
million below the base year the Board requested that staff contact the Lee County Property
Appraiser’s office to determine how they would value the property upon completion. As
stated previously the property would have to be valued at $12 million to generate the
minimum $120,000 requested (including bringing the district value back up to the base
year value).
The Property Appraiser was consulted and their analysis indicated that the development
would likely be valued at $6.5 to $7.0 million. Their numbers are based on comparable
land values, building values and the fact that it is a single tenant building. At $6.5 million
the project will generate $80,600 in tax increment revenue and at $7 million it will
generate $86,800. In order to achieve the minimum requested $120,000 an additional
$39,400 or $33,200 respectively would have to be provided from the Cleveland District
reserves or operating budget.
Advisory Board Recommendation: Provide a 95% rent subsidy, based on the
Property Appraiser’s assessed value, with a minimum of $120,000 and a maximum
of $160,000 for a period of 10 years with the stipulation that 100% of the subsidy
go to the tenant.
Staff recommendation following consultation with Lee County Property Appraiser:
Provide an annual tax increment subsidy of $120,000 for a period of 10 years.
Approving this request will require an additional $33,000 – $39,000 from the
Cleveland District operating budget or reserve account each year.
Page 2
SITE
PREMIUM TENANT OPPORTUNITY
FOR BOYSCOUT & US 41
5370 S CLEVELAND AVE | FORT MYERS, FL 33907
BOYSCOUT & US 41
PREMIER RETAIL OPPORTUNITY
5370 S CLEVELAND AVE | FORT MYERS, FL 33907
TOTAL
TOTAL
200,000 ± SF
250,000 ± SF
450,000 ± SF
GROSS SF LEASED
& SOLD
98 ± AC
TOTAL RAW LAND
LEASED & SOLD
COMPLETED
TRANSACTIONS:
85
ACTIVE
LISTINGS
530± ACRES
&
2.1± MILLION SF
3
BOYSCOUT & US 41
2,100,000 SF
55 LEASES
30 SALES
2014 YEAR IN REVIEW
Creighton Companies | 900 SW Pine Island Rd STE 202 |
Cape Coral, FL 33901
administration@creightondev.com
Trinity Commercial Group | 9250 Corkscrew Rd | Suite 13 |
Estero, FL 33928 | www.trinitycre.com
M. Dan Creighton
239.210.0455
dcreighton@creightondev.com
G. Brent Evans
Chief Operating Officer
239.210.0455
bevans@creightondev.com
Dan O’Berksi
Managing Director | Principal
239.334.3040
dan.oberski@trinitycre.com
Tony Mangione
Principal
239.334.3040
tony.mangione@trinitycre.com
4
BOYSCOUT & US 41
CONTACT INFO
5370 S CLEVELAND
AVE
FORT MYERS, FL
33907
C1 ZONING
(CITY OF FORT MYERS)
52,000± AADT
40,000± SF National High End Retailer with 287
parking spaces and a possible 6,000± SF Outparcel
with 108 parking spaces
The subject site is
located on the SWQ of
Boy Scout Drive & US 41
in Fort Myers, FL.
5
BOYSCOUT & US 41
AERIAL PHOTOGRAPH
Overcoming Lower than
Average Incomes
6
BOYSCOUT & US 41
DEMOGRAPHICS
Overcoming and Attracting High End
Retailers Against Market
Competition
The Costs
5370 S. Cleveland Ave:
1. Land Costs = $6,856,000 (including):
a. Land
b. Closing Fees
c. Appraisal Fees
d. Internet Reserves
2. Professional Fees = $461,500 (including):
a. Legal
b. Engineering
c. Architectural
d. Commissions
e. Environmental/Survey
As you review the information in this slide
you will see estimated costs and estimated
and projected required returns. We believe
that in order to attract the tenant away from
competing sites outside of the City Limit we
have to have a market competitive rate. We
believe that this rate is close to the $16.95
provided below. Unfortunately this rate
provides too low of a return to justify the
investment and we are asking for this
Subsidy to allow for the developer to obtain a
very reasonable return in this other wise
underserviced market with National High End
Retailers.
3. Complete Site and building Construction Costs = $4,782,500
We are asking for a $3psf subsidy for the retailer for 10 years
TOTAL Projected Cost = $12,100,000
Project Income = 40,000sf X $16.95 = $678,000 or a 5.6% Return
INCENTIVE based Potential Income = 40,000sf X $19.95 = $798,000 or a 6.6% Return
7
BOYSCOUT & US 41
PRO FORMA
8
BOYSCOUT & US 41
REGIONAL VIEW
9
BOYSCOUT & US 41
SITE PLAN
SITE
PREMIUM TENANT OPPORTUNITY
FOR BOYSCOUT & US 41
5370 S CLEVELAND AVE | FORT MYERS, FL 33907
COMMUNITY REDEVELOPMENT AGENCY
AGENDA ITEM SUMMARY
DISTRICT: DT
WARD: 4
MEETING DATE: June 15, 2015
AGENDA ITEM NO. 3.04
Revision Distributed:
SUBJECT: Distribution of the Gardner’s Park Neighborhood Plan
MANAGEMENT RECOMMENDATION: N/A
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides the CRA Board with a draft of the
Gardner’s Park Neighborhood Plan.
BACKGROUND INFORMATION:
At the May 27, 2015 meeting, Ensite, Inc. presented a PowerPoint of recommendations
for Gardner’s Park. At that time, the CRA Board did not approve the Gardner’s Park
Neighborhood Plan, but instead requested a hard copy of the plan for review and
directed staff to coordinate with Public Works to ensure the existing infrastructure was
capable of handling a density increase from 6 to 12 units per acre.
A draft copy of the Gardner’s Park Neighborhood Plan is attached. A hard copy will be
distributed at the meeting. Staff intends to bring the plan back for adoption at the
July meeting after receiving comments from Public Works and Community
Development.
Continued to Next Page
Yes
Person Initiating Request: Don Paight
BOARD ACTION
Approved:
Denied:
Tabled:
Conflict of Interest:
Item Continued To:
Voting Log: Brown ____ Streets___ Watson___ Flanders____ Banks___ Leonardo___ Henderson___
No
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
DRAFT Gardner's Park Neighborhood Plan
COMMUNITY REDEVELOPMENT AGENCY
AGENDA ITEM SUMMARY
MEETING DATE: June 15, 2015
DISTRICT: DT
WARD: 4
AGENDA ITEM NO. 3.05
Revision Distributed:
SUBJECT: Transfer $20,450 from Downtown’s Expense Reserve account into Other
Subsides and Assistance in order to replace one of the HVAC units in the Arcade
Theater, home of the Florida Repertory theater.
ADVISORY BOARD RECOMMENDATION: Approve
MOTION: Transfer $20,450 from Downtown’s Expense Reserve account into Other
Subsidies and Assistance in order to replace one of the HVAC units in the Arcade
Theater.
FUNDING SOURCE: Downtown Expense Reserves Account
FISCAL IMPACT: Decrease the Expense Reserves account by $20,450 and increase
the Repairs and Maintenance account by like amount
WHAT ACTION ACCOMPLISHES: Provides $20,450 in funding needed to replace one
of the HVAC units needed in the Arcade Theater.
BACKGROUND INFORMATION: Under the terms of the CRA’s lease agreement with
Bill Smith Inc. for the Arcade Theater, the CRA is responsible for capital repairs to the
HVAC system. These funds will be used to replace a failed AC unit. The work needs to
be completed during the summer months in between summer camp but before the
next theatre season begins.
A copy of the repair proposal from Eaton AC is attached. The Florida Repertory
Theater sought bids from several companies and Eaton was the lowest and they have
previous experience working on the Arcade Theater systems.
Continued to Next Page
Yes
Person Initiating Request: Don Paight
BOARD ACTION
Approved:
Denied:
Tabled:
Conflict of Interest:
Item Continued To:
Voting Log: Brown ____ Streets___ Watson___ Flanders____ Banks___ Leonardo___ Henderson___
No
COMMUNITY REDEVELOPMENT AGENCY BOARD
AGENDA ITEM SUMMARY
DISTRICT: DT
WARD: 4
MEETING DATE: June 15, 2015
AGENDA ITEM NO. 3.06
Revision Distributed: 6/10/11
SUBJECT: Proposed Schedule of Payments to Busey Bank for the tax rebate due under
the Development Agreement for the Beau Rivage project;
And
Appropriate $29,243 of fund balance in the Downtown district, increasing the revenue
and operating budgets by like amount in order to make a payment of $29,243 to Busey
Bank for monies owed under the Development Agreement for the Beau Rivage project.
MANAGEMENT RECOMMENDATION: Approve
MOTION: Approve the Proposed Schedule of Payments to Busey Bank for the tax
rebate due under the Development Agreement for the Beau Rivage project;
And
Approve FY2015 budget amendment appropriating $29,243 of fund balance in the
Downtown district, increasing the revenue and expenditure budget by like amount with
the increase in the expenditure budget occurring in the Other Subsidies and
Assistance in order to make a payment of $29,242.25 to Busey Bank for monies owed
under the Development Agreement for the Beau Rivage project.
FUNDING SOURCE: Downtown Fund Balance
FISCAL IMPACT: $29,243
WHAT ACTION ACCOMPLISHES: Approves a schedule of payments to cover the
monies due to Busey Bank under the Development Agreement for the Beau Rivage
project.
BACKGROUND INFORMATION: During the recession, the CRA experienced several
years in which it was unable to make full tax rebate payments to Busey Bank for Beau
Rivage project. As a result, the CRA is currently $359,242.25 in arrears. In response to
a directive by the CRA Board during the April 2013 meeting, staff is bringing forward a
proposed Schedule of Payments designed to eliminate the deficit prior to the date on
which the development agreement should terminate in FY 2020.
Advisory Board recommendation: The Advisory Board unanimously approved the
proposed schedule as well as the appropriation of funds in order to make the
FY 2015 payment shown in the attached schedule.
Continued to Next Page
Yes
Person Initiating Request: Don Paight
BOARD ACTION
Approved:
Denied:
Tabled:
Conflict of Interest:
Item Continued
To:
Voting Log: Brown ____ Streets___ Watson___ Flanders____ Banks___ Leonardo___ Henderson___
No
COMMUNITY REDEVELOPMENT AGENCY
AGENDA ITEM SUMMARY
DISTRICT: DT,
CL, & MLK
WARD: All
MEETING DATE: June 15, 2015
AGENDA ITEM NO. 3.07
Revision Distributed:
SUBJECT: Discussion of Preliminary FY 16 budgets for the Downtown, Cleveland
and MLK districts
MANAGEMENT RECOMMENDATION: N/A
MOTION: N/A
FUNDING SOURCE: Tax increment
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides the CRA with the opportunity to provide
input on the FY 16 budgets for the Downtown, Cleveland and MLK districts.
BACKGROUND INFORMATION: The Lee County Property Appraiser released their
preliminary property value estimates on May 29, 2015. Staff has used the
preliminary assessments to calculate the tax increments and to create a
preliminary budget for the next fiscal year. A copy of the budgets for the
Downtown, Cleveland and MLK districts are attached.
The Downtown tax increment district is expected to receive approximately
$120,000 in additional revenue from the City but approximately $65,000 less
from the County. The projected County decrease is due to not counting on the
Conservation 2020 millage being included in the County general fund as it has
been over the past two years. The net effect will be a $45,000 decrease in the
budget. Approximately $41,000 in Prior Year surplus funds are programmed
into the budget, along with some budget cuts, to make up this difference.
On the expense side the personnel lines include the 3% salary increase and a
higher percentage of the Director’s salary coming from the downtown district
instead of the MLK budget. Most of the other expense lines are comparable to
FY 2015 with some decreases in the professional services line, the contractual
services line and the special events line.
Continued to Next Page
Yes
Person Initiating Request: Don Paight
BOARD ACTION
Approved:
Denied:
Tabled:
Conflict of Interest:
Item Continued To:
Voting Log: Brown ____ Streets___ Watson___ Flanders____ Banks___ Leonardo___ Henderson___
No
COMMUNITY REDEVELOPMENT AGENCY BOARD
AGENDA ITEM SUMMARY
Background Information – Continued
Meeting Date: June 15, 2015
Motion: Discussion of the preliminary FY ’16 budgets for the Cleveland Ave, Downtown
and MLK budgets.
The Cleveland Ave District revenues increased by approximately $66,000 which will
allow a decrease in the use of prior year surplus funds by over $100,000. The
Cleveland budget for FY 2016 will be $400,000.
On the expense side the salary lines will increase slightly to reflect the 3% salary
increase and the professional services line will decrease by over $52,000. A total of
$150,000 is programmed again next year for grants.
The MLK projected revenue decreased by approximately $10,000 and due to the
declining fund balance no prior year surplus funds have been programmed not the
budget.
On the expense side the salary lines have decreased (despite the built in 3% salary
increase) due to a smaller percentage of other staff time being billed to this district.
The budget does include $20,000 for grants.
Page 2
Downtown Budget
Fort Myers Community Redevelopment Agency
Fiscal Year 2015 - 2016 Budget
Downtown Redevelopment District
Rev. 6/1/15
REVENUE PROJECTIONS
City and County TIF Revenues shown are based on millage estimates as shown in parentheses.
May 29, 2015 property values used for TIF revenue calculations.
TIF Revenue
City ( .0087760)
County (.0036506)
Transfer from General Fund
Difference
Amended
Proposed
(FY 16 Proposed FY 15 Budget
FY 16 Budget
FY 15 Amended)
$ 2,028,061 $
2,147,665
$119,604
$
$
959,169
-
$
Revenue projections are less due to change in how county
($65,793) will be handling the 20/20 millage
$0
893,376
Prior Year Surplus
$
140,111
$
40,959
Reimbursed Expense
Interest Income
Special Event Revenue
$
$
$
7,000
$
$
$
7,000
Total Revenue
$
3,134,341
$
3,089,000
Notes
Remaining undesignated balance is estimated to be $440,738
assuming the amount of Prior Year Surplus shwon for FY 16
($99,152)
is used. The CRA is in the process of increasing its reserves
for the Downtown in anticipation of the debt service reserve
that will be required for the Harborside parking garage bonds.
$0
$0
$0 Farmers' Market
($45,341)
EXPENSE PROJECTIONS – The expenses for each line item are shown below.
Personnel Services:
Personnel expenditures includes the following positions:
1 Executive Director (80%)
1 Deputy Director (35%)
1 Marketing and Promotions Manager (75%)
1 Redevelopment Manager (50%)
1 Office Manager (90%)
3 FT Service Worker II's (100%)
2 PT Service Worker II's (100%)
Difference
GL Account and Description
1100 Salary - Exec
Amended
Proposed
(FY 16 Proposed FY 15 Budget
FY 16 Budget
FY 15 Amended)
$
84,400 $
94,900
$10,500
1200 Salary - Regular
$
177,200
$
224,650
$
$
$
$
$
$
$
$
$
4,200 $
27,500 $
1,600 $
20,400 $
51,300 $
86,700 $
1,100 $
1,200 $
455,600 $
5,900
30,600
2,600
24,750
68,700
71,500
1,200
100
524,900
1205 Seniority Pay
1300 Salaries/Wages - Other
1400 Salaries/Wages Overtime
2100 FICA Tax
2200 General Retirement
2300 Health/Life Ins.
2400 Worker's Comp
2500 Unemployment Compensation
Total Personnel Services
FY 16 DT Budget_Rev 06012015.xlsx
Page 1 of 5
Notes
Once FY 16 begins,funds moved to Contractual Services line
$47,450 due to frozen position(s).
$1,700
$3,100
$1,000
$4,350
$17,400
($15,200)
$100
($1,100)
$69,300
6/8/2015 - 12:20 PM
Fort Myers Community Redevelopment Agency
Fiscal Year 2015 - 2016 Budget
Downtown Redevelopment District
Operating Expenses
GL Account and Description
1202 Vehicle Allowance
3100 Professional Services
Arbitrage
Riverfront Project
Gardner's Park
Miscellaneous
3105 Legal Professional Services
General CRA Expenses
Downtown District
3200 Accounting/Auditing
3400 Contractual Services
Contract Labor
Window and Office Cleaning
Farmers' Market Manager
Trimming mangroves
Miscellaneous
4000 Travel and Per Diem
FRA and other conferences
4100 Communications
4200 Freight
Express and Overnight
Shipping for Currents
Postage
4300 Utilities
DRA Office Water and Sewer
Riverwalk/downtown irrigation
Patio De Leon Irrigation
Electric - Streetlights
FY 16 DT Budget_Rev 06012015.xlsx
Difference
Amended
Proposed
(FY 16 Proposed FY 15 Budget
FY 16 Budget
FY 15 Amended)
$
2,900 $
2,900
$0
$
$
$
$
$
3,250
98,922
34,968
59,478
196,618
$
$
$
$
$
3,200
50,000
10,000
50,000
113,200
$
$
$
4,000
60,000
64,000
$
$
$
4,000
25,000
29,000
$
400
$
300
$
$
$
$
$
$
47,000
2,000
7,000
3,500
10,545
70,045
$
$
$
$
$
$
25,000
2,000
7,000
3,500
20,000
57,500
$
$
1,500
1,500
$
$
1,500
1,500
$
500
$
500
$
$
$
$
400
500
600
1,500
$
$
$
$
400
500
600
1,500
500 $
33,200 $
2,100 $
39,100 $
74,900 $
2,500
31,200
2,100
39,100
74,900
$
$
$
$
$
Page 2 of 5
Notes
($50) Required by bond covenant
Includes Acquest, FP&L, BSSW and Johnson
($9,478) Midtown & Gardner's Park neighborhood plans
($83,418)
$0 CRA meetings
($35,000) Charges incurred for specific projects in Downtown district
($35,000)
($100) Fixed cost
($22,000) Contractual labor used in place of frozen FT positions
$0 Splitting 50%/50% with Cleveland district
$0
$0
$9,455
($12,545)
$0 Budgeting for 2 people
$0
$0 MiFi charges to provide music for basin
$0
$0
$0
$0
$2,000 Shared 50%/50% with Cleveland
($2,000)
$0
$0
$0
6/8/2015 - 12:20 PM
Fort Myers Community Redevelopment Agency
Fiscal Year 2015 - 2016 Budget
Downtown Redevelopment District
Operating Expenses (continued)
GL Account and Description
4400 Rentals and Leases
Arcade Theater
Office Rent
Water Cooler
Copier
Amended
FY 15 Budget
Proposed
FY 16 Budget
Difference
(FY 16 Proposed FY 15 Amended)
$
$
$
$
$
92,900.00
29,000.00
400
1,790.00
124,090
$
$
$
$
$
95,700
29,900
400
1,800
127,800
4416 ITS Service Charges
$
35,100
$
42,600
$7,500 Fixed cost
4417 ITS Capital Recovery
$
5,800
$
6,300
$500 Fixed cost
4500 Insurance
$
29,000
$
23,200
($5,800) Fixed cost
$
$
$
$
$
$
$
$
$
$
110
50
150
6,400
700
25,000
8,700
10,000
34,732
85,842
$
$
$
$
$
$
$
$
$
$
200
50
150
6,400
700
25,000
8,700
10,000
35,000
86,200
$90
$0
$0
$0
$0
$0
$0
$0
$268
$358
$
$
$
$
500
4,500
1,947
6,947
$
$
$
$
500
8,400
3,000
11,900
$0
$3,900
1,053
$4,953
$
30,000
$
25,000
$
$
$
$
400
300
300
1,000
$
$
$
$
400
300
300
1,000
4600 Repairs and Maintenance
Pest Control
Fire Extinguisher
Carpet Cleaning
Roof on Arcade
AC Maintenance Contract
Riverfront Detention Basin
Holophane streetlight poles
Miscellaneous
Patio de Leon, Gardner's Park
4700 Printing and Binding
Color Copies
Business maps
Miscellaneous
4800 Advertising
General advertising program
4810 Public Relations
FRA Awards Applications
Food for CRA Mtgs & Other Mtgs
Plaques for Board
FY 16 DT Budget_Rev 06012015.xlsx
$2,800
$900
$0
$10
$3,710
Notes
$
Page 3 of 5
Includes 3% multiplier.
Includes 3% multiplier. Shared 50%/50% with Cleveland
Shared 50%/50% with Cleveland
Shared 50%/50% with Cleveland
Shared 50%/50% with Cleveland
Shared 50%/50% with Cleveland
Roof fee due per Arcade lease
Required in office lease. Shared with Cleveland.
Shared 50%/50% with Public Works
Spare poles
Benches, trash receptacles
($5,000)
$0
$0
$0
$0
6/8/2015 - 12:20 PM
Fort Myers Community Redevelopment Agency
Fiscal Year 2015 - 2016 Budget
Downtown Redevelopment District
Operating Expenses (continued)
GL Account and Description
4813 Special Events
River District Alliance
Art Fest
Amended
FY 15 Budget
Proposed
FY 16 Budget
Difference
(FY 16 Proposed FY 15 Amended)
$
$
145,000
25,000
$
$
145,000
20,000
Holiday House
$
15,000
$
15,000
Streets Alive
Florida Arts/Sidney & Berne Davis Art Ctr
Gulf Coast Opera
Pink Heals
Dixie Land Strollers
Miscellaneous
$
$
$
$
$
$
$
5,000
50,000
5,000
1,000
3,200
5,800
255,000
$
$
$
$
$
$
$
5,000
40,000
5,000
230,000
Beau Rivage
$
206,661
$
252,400
St Tropez & Riviera
Hotel Indigo
David Plummer
$
$
$
220,000
23,661
619
$
$
$
220,000
26,000
700
Publix
$
$
144,000
594,941
$
$
150,000
649,100
Florida Repertory Theatre
$
70,000
$
50,000
Cameratta--FSV Liner Buildings
$
$
150,000
220,000
$
$
150,000
200,000
$
105,900
$
115,100
$
$
$
200
700
900
$
$
$
200
700
900
$0
$0
$0
$
$
$
$
400
600
7,841
8,841
$
$
$
$
400
600
10,000
11,000
$0
$0
$2,159
$2,159
Notes
$0 Includes $20,000 funding for PT position
($5,000)
Advisory Board recommended adding $5,000 for new LED
$0 lights for two years for a total of $15,000. This is the 2nd
payment.
$0
($10,000)
($5,000)
($1,000)
($3,200)
($800)
($25,000)
4904 Tax Increment Rebates
Proposed payment includes FY 16 rebate + an additional
$45,739 $25,000 to begin repaying deficit of $359,242.
$0 $220,000 payment due per settlement agreement
$2,339 CRA is current on all rebates for this project.
CRA is current on all rebates for this project.
Remaining balance, after proposed FY 16 payment is made,
$6,000 will be $150,000.
$54,159
4906 Other Subsidies and Assistance
4940 General Admin
5100 Office Supplies
Toner and Ink Cartridges
Office Depot
5200 Operating Supplies
Janitorial Supplies
Doggie Bags
Mulch, sprinker, electrical
FY 16 DT Budget_Rev 06012015.xlsx
Page 4 of 5
Between the rent subsidy, roof repair and operating subsidy,
($20,000) Florida Rep receives a total of $152,100
$0 A payment of $150,000 in FY 16 will pay this debt in full.
($20,000)
$9,200 Fixed cost
6/8/2015 - 12:20 PM
Fort Myers Community Redevelopment Agency
Fiscal Year 2015 - 2016 Budget
Downtown Redevelopment District
Operating Expenses (continued)
GL Account and Description
5255 Assets $750-$5,000 (DRA)
Amended
FY 15 Budget
Difference
Proposed
FY 16 Budget
(FY 16 Proposed FY 15 Amended)
$
-
$
-
$
$
$
$
800
463
400
1,663
$
$
$
$
800
500
400
1,700
6304 Sidewalks
$
-
$
-
6400 Equipment
$
24,440
$
-
$
50,000
$
50,000
$
657,500 $
637,400
$
-
$
-
Trolley Service
$
-
$
63,600
9998 DRA Fund Reserves
$
Total Operating Expenses
$
2,678,741
$
2,564,100
$
(114,641)
TOTAL EXPENSES
$
3,134,341
$
3,089,000
$
(45,341)
REVENUE OVER (UNDER) EXPENSES
$
0
$
-
5400 Dues and Subscriptions
Conference reg. -FRA
Subscriptions
Website
$
Notes
$0 Registration for 2 people at $400 each
$37 MiFi and Pandora for basin
$0 Web hosting
$37
$0
FY 15 budget included a golf cart and a new ball and pedestal
($24,440) for the fountain in the Patio de Leon
Principal and Interest Payments
7188 Principal Expense
Repayment of Cleveland loan
9131 Debt Service (Transfer to Fund 131)
Principal + Interest
Transfers
9002 Transfers to the General Fund
FY 16 DT Budget_Rev 06012015.xlsx
29,414 $
$0 After proposed FY '16 paymenet the balance will be $100,000
$
(20,100) Payment based on amortization schedule
$0
$63,600 CRA splitting cost of 2nd trolley with the City
-
($29,414)
Page 5 of 5
6/8/2015 - 12:20 PM
Cleveland Budget
MLK Budget
COMMUNITY REDEVELOPMENT AGENCY BOARD
AGENDA ITEM SUMMARY
MEETING DATE: June 15, 2015
DISTRICT: DT
WARD: 4
AGENDA ITEM NO. 3.08
Revision Distributed:
SUBJECT: Association Updates: Downtown Neighborhood Association, Downtown
Property Owner’ Association, and River District Alliance
MANAGEMENT RECOMMENDATION: N/A
MOTION:
N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides the CRA Board with an update on any
developments pertaining to the Downtown Neighborhood Association (“DNA”),
Downtown Property Owners Association (“DPOA”) or the River District Alliance (“RDA”).
BACKGROUND INFORMATION:
In accordance with the RDA’s agreement, a copy of the RDA’s 2nd quarter financials are
attached for review. The RDA also communicated that it is still $25,000 short for the
July 4th Freedom Fest funding. This is a major community-wide event that attracts
citizens from all over the County. The Advisory Board recommended providing a
$2,500 sponsorship for Freedom Fest. Funds are available within the budget to cover
this expense.
Also attached is a copy of the RDA’s June newsletter for the Board’s review.p
Any new updates from any of the associations related to downtown will be presented at
the June meeting.
Continued to Next Page
Yes
Person Initiating Request: Don Paight
BOARD ACTION
Approved:
Denied:
Tabled:
Conflict of Interest:
Item Continued
To:
Voting Log: Brown ____ Streets___ Watson___ Flanders____ Banks___ Leonardo___ Henderson___
No
PO Box 1686 Fort Myers, FL 33902
The Voice of Downtown Fort Myers
May 30, 2015
Mr. Donald Paight
Executive Director
Fort Myers Community Redevelopment Agency
1400 Jackson Street
Ft. Myers, FL 33901
Dear Don,
Please find enclosed the first and second quarter Special Events Report for fiscal year
2014-2015 on behalf of the River District Alliance.
Kindly note the following:
1. The attached report indicates revenues and expenses per event/function.
2. Fees paid back to the City of Fort Myers have been highlighted for your
reference.
3. Dollars indicated reflect invoices received at time of preparation and may be
updated at a future time.
As always, we value the support of the Community Redevelopment Agency.
Sincerely,
River District Alliance
Executive Board
River District Alliance PO Box 1686 Fort Myers, FL 33902
www.fortmyersriverdistrictalliance .com
Promoting & Enhancing the Development of the Historic River District as a Hub of
Economic, Social, and Cultural Activity.
Quarterly Events Report
October - March, Q1 / Q2, FY2014-2015
Saturday Art Fair: November 15th, December 20th & January 17th
Ordinary Income/Expense
Income
Revenues - Vendors
Total Income
Gross Profit
Expense
1,090.00
1,090.00
1,090.00
Advertising
Printing Expense
Total Expense
Net Ordinary Income
1,200.00
79.90
1,279.90
-189.90
Net Income
-189.90
Art Walk: First Friday's
Ordinary Income/Expense
Income
Grant Income
SWFL Comm Fdn - Art Walk
15,000.00
Total Grant Income
Revenues- Merchants
Revenues - T-shirts
Revenues - Vendors
Revenues - Other
15,000.00
280.00
435.00
675.00
38.00
Total Income
Gross Profit
Expense
16,428.00
16,428.00
Supplies
Advertising
Clean Up
Contract Labor
Cost of T-Shirts
Graphic Design
Printing Expense
Security Expense
Transportation
Total Expense
Net Ordinary Income
Net Income
212.34
13,215.00
345.00
450.00
297.63
225.00
438.30
3,800.00
1,840.00
20,823.27
-4,395.27
-4,395.27
Quarterly Report to the City of Fort Myers Community Redevelopment Agency
Q1 / Q2, FY 2014-2015. Submitted 05/30/2015
Quarterly Events Report
October - March, Q1 / Q2, FY2014-2015
Bike Night: November 8th, January 10th, March 14th & May 9th
Ordinary Income/Expense
Income
Revenues - Merchants
Revenues - Beer Sales
Revnues - Sponsorships
Revenues - T-Shirts
Revenues - Vendors
Total Income
Gross Profit
Expense
275.00
553.00
2,200.00
365.00
14,560.00
17,953.00
17,953.00
Equipment Rental
Advertising
Barricade Expenses
Clean Up
Contract Labor
Cost of Bands
Cost of Disc Jockey
Cost of T-Shirts
Permits
Port-O-Johns
Security Expense
Stage Expense
Transportation
Total Expense
Net Ordinary Income
1,308.94
6,450.00
1,647.00
435.00
1,500.00
4,203.18
200.00
850.00
715.00
795.00
2,810.00
2,550.00
316.25
23,780.37
-5,827.37
Net Income
-5,827.37
Car Cruise-In: Fourth Saturday's
Ordinary Income/Expense
Income
0.00
Total Income
Gross Profit
Expense
0.00
0.00
Barricade Expenses
Cost of Disk Jockey
Permits
Security Expense
Total Expense
Net Ordinary Income
Net Income
1,610.00
1,360.00
80.00
800.00
3,850.00
-3,850.00
-3,850.00
Quarterly Report to the City of Fort Myers Community Redevelopment Agency
Q1 / Q2, FY 2014-2015. Submitted 05/30/2015
Quarterly Events Report
October - March, Q1 / Q2, FY2014-2015
Holiday Stroll: November 29th
Ordinary Income/Expense
Income
0.00
Total Income
Gross Profit
Expense
0.00
0.00
Supplies
Barricade Expenses
Other Entertainment
Permits
Postage
Printing Expense
Security Expense
Total Expense
Net Ordinary Income
5.29
276.00
300.00
80.00
9.80
23.39
640.00
1,334.48
-1,334.48
Net Income
-1,334.48
Holiday Decorations: November/December
Ordinary Income/Expense
Income
Total Income
Gross Profit
Expense
0.00
0.00
Decorations
Total Expense
Net Ordinary Income
Net Income
24,975.00
24,975.00
-24,975.00
-24,975.00
Quarterly Report to the City of Fort Myers Community Redevelopment Agency
Q1 / Q2, FY 2014-2015. Submitted 05/30/2015
Quarterly Events Report
October - March, Q1 / Q2, FY2014-2015
Music Walk: Third Friday's
Ordinary Income/Expense
Income
Grant Income
Revenues- Merchants
Revenues - Sponsors
Revenues - Vendors
Total Income
Gross Profit
Expense
2,500.00
-775.00
75.00
75.00
1,875.00
1,875.00
Advertising
Clean Up
Contract Labor
Security Expense
Total Expense
Net Ordinary Income
3,000.00
345.00
375.00
3,200.00
6,920.00
-5,045.00
Net Income
-5,045.00
Mystery Walk: Second Friday's
Ordinary Income/Expense
Income
Revenues- Merchants
Revenues - Beer Sales
Revenues - Sponsorships
Total Income
Gross Profit
Expense
5,000.00
412.00
12,150.00
17,562.00
17,562.00
Equipment Rental
Bank Fee
Barricade Expenses
Clean Up
Contract Labor
Other Entertainment
Permits
Port-O-Johns
Security Expense
Stage Expense
Total Expense
Net Ordinary Income
Net Income
1,184.12
63.30
928.00
425.00
200.00
23,075.00
130.00
413.40
3,700.00
3,001.36
33,120.18
-15,558.18
-15,558.18
Quarterly Report to the City of Fort Myers Community Redevelopment Agency
Q1 / Q2, FY 2014-2015. Submitted 05/30/2015
Quarterly Events Report
October - March, Q1 / Q2, FY2014-2015
New Year's Eve: December 31st
Ordinary Income/Expense
Income
Revenues- Merchants
Revenues - Beer Sales
Revenues - Sponsorships
Revenues - Vendors
Total Income
Cost of Goods Sold (Beer)
Gross Profit
Expense
5,250.00
3,548.00
6,200.00
2,850.00
17,848.00
1,021.50
16,826.50
Supplies
Equipment Rental
Advertising
Barricade Expenses
Clean Up
Cost of Bands
Fireworks
Permits
Port-O-Johns
Printing Expense
Security Expense
Sound Expense
Stage Expense
Transportation
Total Expense
Net Ordinary Income
Net Income
60.00
727.86
1,250.00
511.00
3,250.00
8,232.80
5,000.00
240.00
588.30
30.75
8,541.00
2,000.00
1,325.00
135.00
31,891.71
-15,065.21
-15,065.21
Quarterly Report to the City of Fort Myers Community Redevelopment Agency
Q1 / Q2, FY 2014-2015. Submitted 05/30/2015
Quarterly Events Report
October - March, Q1 / Q2, FY2014-2015
Veteran's Day Parade: November 11th
Ordinary Income/Expense
Income
Total Income
Gross Profit
Expense
0.00
0.00
Supplies
Barricade Expenses
Permits
Port-O-Johns
Security Expense
Transportation
Total Expense
Net Ordinary Income
33.76
302.00
80.00
212.00
1,664.00
440.00
2,731.76
-2,731.76
Net Income
-2,731.76
Special Events: Operating & General
Ordinary Income/Expense
Income
Grant Income
CRA Grant
145,000.00
Total Grant Income
Revenues - Dues
145,000.00
1,975.00
Total Income
Gross Profit
Expense
146,975.00
146,975.00
Equipment Rental
Accounting
Advertising
Bank fee
Contract Labor
Graphic Design
Insurance Expense
Membership Dues
Office/Admin. Expense
Postage
Printing Expense
Promotional
Telephone Expense
Total Expense
Net Ordinary Income
Net Income
146.00
1,750.00
1,133.90
333.36
11,250.00
2,886.00
13,448.60
749.70
259.57
78.75
850.77
1,500.00
261.41
34,648.06
112,326.94
112,326.94
Quarterly Report to the City of Fort Myers Community Redevelopment Agency
Q1 / Q2, FY 2014-2015. Submitted 05/30/2015
Quarterly Events Report
October - March, Q1 / Q2, FY2014-2015
Gardner's Park: Tracking
Ordinary Income/Expense
Income
Revenues - Dues
Revenues - Vendors
Total Income
Gross Profit
Expense
Total Expense
Net Ordinary Income
Net Income
145.00
90.00
235.00
0.00
0.00
235.00
235.00
Note: highlighted items indicate fees to the City of Fort Myers
Quarterly Report to the City of Fort Myers Community Redevelopment Agency
Q1 / Q2, FY 2014-2015. Submitted 05/30/2015
River District Alliance
Membership Monthly
Message from President Kevin Boyd
As summer has set in we often fall back to
thoughts of slowing down and taking a break from
the businesses of season, yet looking forward it
appears there’s no slowdown in sight for the River
District. June alone has events and activities
throughout the month, with more scheduled
throughout the summer than I can ever recall.
During this past year the River District has
collectively experienced an outstanding winter
season with record breaking attendance numbers
at events, continuing positive upward growth by
our member merchants, new business
development, and exciting future redevelopment
within the district.
On the RDA side, we’re working now to begin
increased road closures for various events as the
demand has become so great. We’re continuing
to welcome new members, and are taking a brief
pause to reevaluate each of our events. We’re
also working on goal setting to further benefit our
membership, including implementation of a new
RDA website later this summer that focusses on
promoting our merchant members and the always
exciting on goings of the River District. You’ll also
see in the upcoming year the RDA shift slightly and
focus more efforts on our merchants and business
success. Much lies ahead for us, as a community
and your merchant’s organization. This is an
exciting time to be in the River District!
While the activity of our summer season continues
to grow and blend much more closely with our
winter season, I and the board of directors hope
you take some time to enjoy the successes of the
past year, while also looking forward to even
greater successes in the upcoming year.
June 2015
“Art of HeART” at SBDAC Opens at
Art Walk
In its annual juried
exhibition SBDAC invites
artists to explore both the
physiological heart as well
as art that speaks to what
is at the core of their
being. Pieces submitted to
the exhibition should fit the call to artists and
the artist statements submitted should serve to
explain how those
pieces fit,
For more information
please visit:
www.sbdac.com
Special for Dad on
Father’s Day
in the
River District!
Celebrate Father’s Day
with great events in the
River District! Special
free events include
complimentary admission for dad’s at the
Edison Ford Estate, on Sunday, June 21st,
www.edisonfordwinterestates.org.
Pure Fort Myers offers a free cruise for dad’s
with the purchase of a full price spouse or
children’s ticket on both Saturday June 20th
and Sunday June 21st! For more details please
visit,
www.purefortmyers.com.
Other special events
include “Dad’s are Superheroes Storytime and
Crafts at Cornog Plaza on Saturday, June 20th
at 9:15 am, and don’t miss the “Longest Day”
from 6 am until 10 pm in the Patio de Leon to
support Alzheimer's by Wear the Fund!
Musician Applications:
Please visit www.riverdistrictevents.com to
download and complete an application.
This Month at Cornog Plaza
Saturday, June 6th, 4pm: Family Art & Music
Time; Family-friendly arts, crafts and songs.
Offered in partnership with Music Together and
Pushing Daizies.
Friday, June 19th, 6pm: Teen Author & Talent
Night; Teens, come with your hidden talents.
Sing, read your own poetry or play an instrument
during this contest for the best performer.
Meet and greet local teen authors. A panel of
teen authors will be here to answer your
questions. Books can be purchased and signed
at the event.
Sponsored by the Friends of the Fort Myers
Regional Library. Registration is required.
Saturday, June 20th,
9:15 am: Dad’s are
Superheroes Storytime &
Crafts; special storytime on
the plaza.
River District Alliance: June 2015
Sunday Funday at
the Butterfly Estates
The first Sunday of every month the Florida
Native Butterfly Society opens its doors to the
public with free admission. Our purpose is to
expose as many people as we can to the
importance of Florida's incredible butterflies. We
hope to inspire guests to plant butterfly gardens
to support and increase natural populations.
Enjoy many new vendors every month, kids
projects and activities. Please be our guest and
join us for a beautiful day. ...}i{
Downtown Car Cruise-In
Held the fourth Saturday of every month from 48 pm, Car Cruise-In is a free event open to the
community. Free to participate with your
vehicle and no registration required. For
vehicle loading please enter First Street from
Monroe Street. Show parking located along:
First, Hendry, Broadway, and Jackson Streets.
Rockin’ the Patio, Summer Concerts
Event begins at 6pm, music at 7pm in the Patio de
Leon, with portion of proceeds benefit charity:
June 13th: Stolen Fruit; June 27th: Deb & the
Dynamics; July 10th: The Trips; July 24th: High
Five Friday; July 25th: Memphis 56; July 31st:
Bad Banditos; September 25th: The Trips;
September 26th: Memphis 56
RDA Supports “The Longest Day”
June 21st, 6am - 10pm
The River District Alliance proudly supports Wear
The Fund’s benefit for The Alzheimer’s Association.
The Alzheimer’s Association is a non-profit
organization with the mission to eliminate
Alzheimer’s disease through the advancement of
research; to provide and enhance care and
support for all affected; and to reduce the risk of
dementia through the promotion of brain health.
Wear The Fund is an apparel company which
gives a percentage of wholesale and retail sales
back to non-profit organizations.
Wear The Fund is hosting “The Longest Day”, a
fundraiser to benefit the Alzheimer’s Association,
for the third year in a row. The event will be in the
heart of Downtown Fort Myers at Patio De Leon
with raffles, kid activities, food, drink, and live
music all day!
The Longest Day is held annually on the Summer
Solstice, June 21st; the longest day of the year.
The date falls on Father’s Day, making this event
even more special. The celebration begins at
Starbucks at 6am. Purchase of an event t-shirt
entitles guests to a goody bag and special perks
at participating River District businesses. The shirts
will be on sale for $10 at several locations, so pick
one up and join the fun!
For more information, please contact:
peter@wearthefund.com or 239-362-2401
River District Alliance: June 2015
June Dates:
Monday, 1st: RDA Board Meeting at the VCB,
4pm
Friday, 5th: Art Walk
Friday, 5th: Art of HeART at SBDAC Opens
Friday, 5th: SWFL Critical Mass
Sunday, 7th: Sunday Funday at the Butterfly
Estates
Saturday, 13th: Rockin’ the Patio: “Stolen Fruit”
Friday 19th: Teen Author & Talent Night at
Cornog Plaza
Friday, 19th: Music Walk
Saturday, 20th: Dad’s are Superheroes
Storytime & Crafts at Cornog Plaza
Sunday, 21st: The Longest Day
Saturday, 27th: Downtown Car Cruise-In
Freedom Fest
4th of July
The annual Freedom Fest
4th of July celebration
well underway and will be
another great event for
the River District!
There are many opportunities to be involved in
the event, and sponsorships are available.
For detailed information please visit:
www.riverdistrictfreedomfest.com.
Applications for sponsorship, vendors, and
performers are also available at
www.riverdistrictevents.com.
For additional information, please contact:
Rob: robjohnson@thebutterflyestates.com
Patsy: pnascarstar24@aol.com
Saturday, 27th: Rockin’ the Patio: “Deb & the
RDA New Website
Welcome Recent Members:
As the RDA and the events we produce for the
River District continue to grow, so does the need
to further enhance the information about them
and the merchants that create the district.
As you know, the RDA is currently in
development of a new, comprehensive site that
will be better geared towards event attendees
of the River District, and more importantly, to you
as merchants. The new site is looking great and
will be a much better resource for the River
District. While we look forward to this, we also
recognize the cost associated with it. To help in
minimizing that, we have created a Go Fund Me
account and would ask any interested follows to
consider donating to help defray this expense.
2431 S. Cleveland Ave. 239-332-3232
http://www.gofundme.com/rdawebsite
Kelli & Krystal 239-770-7097
River District Alliance: June 2015
COMMUNITY REDEVELOPMENT AGENCY BOARD
AGENDA ITEM SUMMARY
DISTRICT: All
WARD: All
MEETING DATE: June 15, 2015
AGENDA ITEM NO. 3.09
Revision Distributed:
SUBJECT: Project Updates
MANAGEMENT RECOMMENDATION: N/A
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides the Board with an update on current
projects.
BACKGROUND INFORMATION:
Any project updates will be provided during the meeting.
Continued to Next Page
Yes
Person Initiating Request: Don Paight
BOARD ACTION
Approved:
Denied:
Tabled:
Conflict of Interest:
Item Continued
To:
Voting Log: Brown ____ Streets___ Watson___ Flanders____ Banks___ Leonardo___ Henderson___
No