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03242010CRA AgendaCIIYOF HOME OF PELICAN ISLAND COMMUNITY REDEVELOPMENT AGENCY (CRA) (CITY COUNCIL) AGENDA WEDNESDAY, MARCH 24, 2010 5:30 PM CITY COUNCIL CHAMBERS 1225 MAIN ST, SEBASTIAN, FL 1. CALL TO ORDER 2. PLEDGE OF ALLEGIANCE 3. ROLL CALL 1 -6 4. APPROVAL OF MINUTES March 10, 2010 5. NEW BUSINESS A. FY08 /09 CRA Annual Report Accept Report to Forward to Council (Administrative 7 -25 Services Transmittal, Report) (CAFR Previously Provided Under Separate Cover) 27 -43 B. CAVCORP Concept (City Manager Transmittal, Conceptual Plans, Estimates) 6. PUBLIC INPUT 7. ADJOURN HEARING ASSISTANCE HEADPHONES ARE AVAILABLE IN THE COUNCIL CHAMBERS FOR ALL GOVERNMENT MEETINGS. ANY PERSON WHO DECIDES TO APPEAL ANY DECISION MADE WITH RESPECT TO ANY MATTER CONSIDERED AT THIS MEETING WILL NEED A RECORD OF THE PROCEEDINGS AND MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE HEARD. (286.0105 F.S.) IN COMPLIANCE WITH THE AMERICANS WITH DISABILITIES ACT (ADA), ANYONE WHO NEEDS A SPECIAL ACCOMMODATION FOR THIS MEETING SHOULD CONTACT THE CITY'S ADA COORDINATOR AT 589 -5330 AT LEAST 48 HOURS IN ADVANCE OF THIS MEETING. City Council Present: Mayor Richard H. Gillmor Vice -Mayor Jim Hill Council Member Andrea Coy Council Member Eugene Wolff Council Member Don Wright 4. APPROVAL OF MINUTES 2/10/10 5. NEW BUSINESS CHYv HOME OF PELICAN ISLAND COMMUNITY REDEVELOPMENT AGENCY (CRA) (CITY COUNCIL) MINUTES WEDNESDAY, MARCH 10, 2010 5:30 PM CITY COUNCIL CHAMBERS 1225 MAIN ST, SEBASTIAN, FL 1. Mayor Gillmor called the CRA Meeting to order at 5:30 p.m. 2. The Pledge of Allegiance was recited. 3. ROLL CALL Staff Present: City Manager, Al Minner City Attorney, Robert Ginsburg City Clerk. Sally Maio Deputy City Clerk, Jeanette Williams Growth Management Director, Rebecca Grohall Police Chief, Michelle Morris MOTION by Mr. Hill and SECOND by Ms. Coy to approve the February 10 2010 minutes passed with a voice vote of 5 -0. A. Stan Mayfield Working Waterfront Dabrowski Purchase (City Manager Transmittal) The City Manager said staff is very close to the end of the grant procurement portion of the process and noted the packet recapped the grant application, the City's efforts in obtaining the property to create the working waterfront. He said the Florida Communities Trust (FCT) has negotiated a price over appraised price and he was seeking authority to move forward as the price is over the assessed value. Community Redevelopment Agency Meeting March 10, 2010 Page Two John Conway, Chair, Working Waterfront Committee, read from a report of the Committee. (see attached) He said the project was to stimulate the commercial fishing industry, provide waterfront destination for water enthusiasts, educate the public about fishing, and promote the historic fishing industry which will increase area hotel, food, and beverage services. He said the Committee recommendation is to move forward and close on the property. The City Manager said going forward the Dabrowski parcel has become critical because of the need of the working waterfront which was going to be the heartbeat of the project. He recommended putting together the two parcels and lease out for both uses, noting the Fishing Co -op are the best people to do that. He offered three options to the CRA Board as set out in the agenda packet: 1) Give him authorization to purchase the Dabrowski parcel at $750,000 2) Give a counteroffer to the trustee 3) Deny the offer He said the project has merit and is a classic example of the use of redevelopment dollars. He also said there are some budget ramifications if they spill over and he can explain where to get the money from. 6. PUBLIC INPUT Damien Gilliams, 1623 US Highway 1, disagreed with the project, citing the current economy, inappropriate use of CRA funds, new regulations being imposed on the fishing industry, and taking prime property off the market. Sal Neglia, Member of the Working Waterfront Committee, said he thought earlier it would be a good thing for City but he was under the assumption it would be a museum, and education center, didn't think there would be enough money for the CAVCORP property and cited the Archie Carr property purchased by the County. He urged the Board to give it a lot of thought. Barbara Salmon, Member of the Working Waterfront Committee, spoke in favor of the project, said there are a lot of interested people waiting to see if the City purchases the Dabrowski property, and CAVCORP can wait. Louise Kautenburg said if you do nothing, nothing will happen but continual degradation of the area, said this week three people told her they purchased Sebastian property because of the Main Street boat ramp improvements. Chris Pinson said this town has done nothing for the commercial fisherman, it is worth the investment, otherwise it will be bought for condos and docks, and there are a number of business opportunities to go in there, and if the City is going to make an offer, there should be a letter of intent to sell at a specific price. 2 Community Redevelopment Agency Meeting March 10, 2010 Page Three Ed Herlihy, Sebastian, said this Council voted to start the working waterfront project, he strongly urged Council to approve option number two, allowing the City Manager to see if he can get a lower price. Mayor Gillmor asked everyone to recall the amount of time spent on the Main Street project which has been a wonderful, but said it is hard to pay more money than what it appraises for. MOTION by Mayor Gillmor and SECOND by Ms. Coy to approve chart number two, bringing this back to the City Manager to negotiate at $571,000 which will still brings the City in under budget. Mr. Wolff said when the City Manager started off he mentioned the collaboration with Fisherman's Landing, to which Council had sent a letter of support to FCT for their grant application but we were not privy to the application. He asked the City Manager for details on the collaboration between the City and Fisherman's Landing. The City Manager explained at the time that Council submitted a supporting resolution, Fisherman's Landing was not prepared /willing to share and after the grants closed up, we received a copy of the grant. He said their grant estimated a $2 M purchase for Dabrowski and their goals matched the "A" purpose of the grant which was to invest and rebuild a working waterfront with piers, docks, kiosks, fishing house. He explained Fisherman's Landing pays expenses to the Dabrowski trust now, they want to purchase that ground and invest back what they pay now. He said the "B" portion was to be the ancillary items to include restaurants, museums and as the City got more into it, the City found some things couldn't be as business enterprising as we wanted, so the Committee decided to buy the property. Mr. Wolff asked what investments or securities Fisherman's Landing might have. The City Manager said he knows of the investments they put into the dock and the expenses they pay now. Mr. Wolff asked if Fisherman's Landing, Inc. would be the sole recipient of the lease or will it be an RFP process that is open to others. The City Manager explained that the City should lease it with Fisherman's Landing because as the Committee was working on Hurricane Harbor and Sebastian Entertainment's business plan, the Committee decided to obtain a RFP for a fish market, an ice depot, and eco tours. The City only received one proposal but the feedback was that the fisherman weren't interested in filling out paperwork that doesn't have working waterfront next to it. He said the use of the property without the Dabrowski purchase is in limbo but without the security of knowing there will be an actual waterfront, the City lost the fishermen's interest. 3 Community Redevelopment Agency Meeting March 10, 2010 Page Four 6:15 pm Mr. Wolff said he wanted to understand the statement that they had said they were not interested in it if the Dabrowski property was not included so he contacted the City Clerk to find it in minutes of the public meetings that it came from but they could not find any. Mr. Wolff asked the City Manager if he buys into the concept of single property leased to Fisherman's Landing. The City Manager said he didn't foresee a unity of title but a lease over two parcels that depict what Fisherman's Landing is to do at the Dabrowski parcel and they will take charge of the Hurricane Harbor building, in exchange for the price of a lease. The City Manager said he sees a lease over the two parcels and in exchange for what we want them to do. The City needs to be extremely reasonable with the lease price to make sure the fishermen are investing back into the property. Mr. Wolff asked how that reconciles with other business owners in the district that have similar businesses. The City Manager said the FCT rules benefit the businesses that support commercial fisherman such as packing houses, retail fish market, museums so we will try not to compete with the businesses on Indian River Drive. Mr. Wolff said the trustee has an appraisal for $1.5 M and he asked if the City Manager saw the appraisal. The City Manager said that is what the trustee represented to us, and the FCT did an appraisal of $500,465. Mr. Wolff said it has been his experience that if you can't see the appraisal, there is a good chance it is non existent, and asked why we would purchase above the appraised amount in the worst real estate market in history. The City Manager said this is a classic example of why government can't get good deal when they purchase property because of the sunshine law, Dabrowski had in his mind that his property was worth $2 M which carried over to Fisherman's Landing opinion and they agreed even though the market was declining, and as the City moved forward, we leaned on appraised value numbers where there was $1M gap and at every turn they used our documentation to keep the offer high. He continued to say that the perceived values, and our planning for it brings us to where we are at today and this is where we ask is the intrinsic value worth the extra $250,000 and he didn't want to give his opinion because it compromises what he goes back to the state with. Mr. Wolff said we have been working on word of mouth, we have nothing in writing and it makes the decision difficult. He said he did some research and cited an article dated Sept. 2008 regarding the Archie Smith House and comments from County Environmental Chief Roland DeBois who was interested in using Stan Mayfield Grant Program to teach others about Florida's commercial fishing heritage. He said he put that out there because this began in 2006 and he hoped Council could draw some conclusions from this. 4 Community Redevelopment Agency Meeting March 10, 2010 Page Five 6:28 pm Mr. Hill said we are not going to be able to finish this and it would be in the best interest of all if we table this until we can put an entire meeting together, this is a critically important issue for the City of Sebastian, there are a lot of numbers being thrown around and we need to dissect those numbers to see if they are fair. He said the City of Sebastian has no intention of offering $750,000 for anything, rather we are considering a much smaller amount to help the state purchase it. Mr. Hill said again he thought we should table this and have a CRA meeting in the future that is completely devoted to this subject. Ms. Coy said she agreed but she didn't want to end the meeting with a negative taste in people's mouth. She pointed out that as a member of the County's Land Acquisition Committee, she did encourage the County to buy the Archie Smith parcel along with an attached parcel, but Archie Smith doesn't have a channel to get the boats in and out of. She said it could replicate a working waterfront but could never be a working waterfront. Mr. Wright said he thought it would be a wonderful project; the City has spent 10 years coming up with visions for the waterfront. He also said the Archie Smith project was never managed by the City or fishermen so it's quite different, and suggested another hour to dedicate time and effort to it, or could go along with the counter offer, which in his opinion would be rejected. Mayor Gillmor thanked everyone for their comments, said he wanted to bring this to some resolution tonight because it is difficult to negotiate in the sunshine, but the motion is to negotiate and if it fails, we may get another number from the Trust. He said he appreciated Mr. Hill's idea to table but we do have a motion and second on the floor and called the question. Ms. Coy said she was not done even though she seconded and wanted to discuss further. Mr. Wolff asked if there was a sounding made for the water's depth. The City Manager said it is functional now so he thought it was deep enough for boats to get in and out. Ms. Coy said she would like to discuss this matter further before voting. She asked the City Attorney if they could pick up exactly where they left off if they continued the meeting. The City Attorney said they could but there was no second to the motion to table. The City Clerk noted there had not been a motion to table and Mr. Hill said he made that motion. Ms. Coy seconded the motion to table. The City Attorney advised that a motion to table takes precedence over the Mayor's motion. 5 Community Redevelopment Agency Meeting March 10, 2010 Page Six Approved at the CRA meeting. Richard H. Gillmor, Mayor ATTEST: Sally A. Maio, MMC City Clerk Result of the roll call on the motion to table: AYES: Gillmor, Hill, Coy, Wolff, Wright NAYS: None Motion carried. 1 7. Being no further business, Mayor Gillmor adjourned the CRA meeting at 6:38 p.m. 6 Subject: Annual Sebastian CRA Report for the Fiscal Year Ending September 30, 2009 Approved for Submittal by: City Manager Agenda No. Department Origin: Services' l Administrative City Attorney: City Clerk: Al Minner Date Submitted: March 10, 2009 For Agenda of: March 24, 2009 Exhibits: Annual Sebastian CRA Report ISLAND OF PEU AN ISUU ian Communit Redevelo Agenc Florida Florida Statutes require the Community Redevelopment Agency to file a report of activities to the primary government by March 31 of each year and publish in the newspaper a notice of availability of the report. The annual Sebastian Community Redevelopment Agency report of activities for the fiscal year ending September 30, 2009 was prepared by the Finance Director and is attached for your review. The Annual Report will be formally presented for acceptance by the City Council at the Regular City Council meeting at 6:30 p.m. Following acceptance by the City Council, the City Clerk will publish in the newspaper a notice of the Report's availability. RECOMMENDED ACTION SUMMARY Accept the Annual Sebastian CRA Report and forward it to the City Council. SEBASTIAN COMMUNITY REDEVELOPMENT AGENCY ANNUAL REPORT Under Chapter 163.356(3)(C) CITY OF HOME OF PELICAN ISLAND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009 1225 MAIN STREET SEBASTIAN, FLORIDA 32958 0 SEBASTIAN COMMUNITY REDEVELOPMENT AGENCY ANNUAL REPORT TABLE OF CONTENTS Letter of Transmittal i List of Principal Officials ii History 1 Exhibit I Sebastian CRA Boundary Accomplishments 3 FY 2009 Sebastian CRA Activities 3 Tax Increment Revenues 4 Exhibit II Operating Millage Rates in Redevelopment Area 5 Exhibit III Taxable Value in Redevelopment Area 6 Exhibit IV Tax Increment Revenue 7 Financial Statements 8 Balance Sheet 9 Statement of Revenues, Expenditures, and Changes in Fund Balances 10 Budget and Actual 11 I March 10, 2009 Sebastian Community Redevelopment Agency Board Chairman and Members City of Sebastian, Florida Dear Board Members: We are pleased to submit the Annual Activity Report of the Sebastian Community Redevelopment Agency for the fiscal year ended September 30, 2009. Section 163.356(8)(C), Florida Statutes, requires each CRA to file with its governing body, on or before March 31 each year, a report of its activities for the proceeding fiscal year, which report shall include a complete financial statement setting forth its assets, liabilities, income, and operating expenses as of the end of such fiscal year. In addition to meeting this legal requirement, the report provides additional information concerning the benefits afforded by the agency to other jurisdictions and citizenry in general. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the management of the City. We believe the data, as presented, is accurate in all material respects, and that all disclosures necessary to enable the reader to gain an understanding of the Sebastian CRA's operation and financial activity have been included. Respectfully submitted, r Kenneth W. Killgore Finance Director CI1Y OF HOME OF PELICAN ISLAND 1225 MAIN STREET SEBASTIAN, FLORIDA 32958 TELEPHONE: (772) 589 -5330 FAX (772) 589 -5570 i Chairman Richard H. Gillmor Board Member Jim Hill Board Member Andrea B. Coy Board Member Eugene Wolff Board Member Don Wright LIST OF PRINCIPAL OFFICIALS September 30, 2009 ii History of the Sebastian Community Redevelopment Agency (Sebastian CRA) The Sebastian Community Redevelopment Agency (Sebastian CRA) was created in 1995 by the City of Sebastian City Council under Chapter 163, Part III of the Florida Statutes. The original Sebastian CRA includes an area generally east of the FEC Railroad right -of -way to the eastern City limits. The Sebastian CRA was established to ensure that the downtown and surrounding vicinity would develop with a coherent community vision, and to encourage reinvestment throughout the CRA. The area later was expanded in 2003 to include the Sebastian Boulevard "Triangle" area west of the FEC Railroad right -of -way. The total Sebastian CRA area is 299 acres excluding road rights of -way (Exhibit 1). The governing body of the Sebastian CRA is the Sebastian City Council. The Board is comprised of five (5) members. Under the State Statutes and the City ordinances, the Sebastian CRA has substantial powers and authority within the Sebastian CRA area. These include the power to make and execute contracts, to acquire and dispose property, to approve development plans, to implement a program of voluntary or compulsory rehabilitation of buildings, to mortgage its property, to borrow and invest money, and to apply for and accept grants and contributions. The major funding source for the Sebastian CRA is tax increment revenue. Tax increment revenue is the increase in ad valorem tax attributed to the increase in the assessed value over a `base year" for various jurisdictions in the redevelopment area. The jurisdictions remitting tax increment revenue to the Sebastian CRA are the City of Sebastian and the Indian River County Board of County Commissioners. After the establishment of the Sebastian CRA in 1995, the City established the Redevelopment Trust Fund and the base year for tax increment revenues as well as adopted the 1995 Community Redevelopment Plan. The boundary was later expanded to include the adjacent Sebastian Boulevard "Triangle" area in 2003, and the redevelopment plan was also modified by the Iler Planning Group on behalf of the Sebastian CRA. The 2003 plan basically unifies the 1995 Sebastian CRA boundary and the expansion area as one cohesive CRA, and presents conceptual district recommendations, potential policy amendments, and capital improvements intended to meet the City's redevelopment goals. 1 ce.a(rn Areawide Recommendations 1. Retain 2-3 story maximum building height. 2. Modify community design guidelines to reinforce "Old Florida Fishing Village" design theme. 3. Future study to further address parking needs in the CRA. Capital Improvements 1. Riverview Park improvements. 2. Streetscape improvements to US-1, Riverside Drive, and Sebastian Boulevard (east and westbound). 3. Reconfigure boat trailer parking. 4. Develop a stormwater park. P e.. INN 116, INN Kimley-Horn and Associates, Inc. Gateway Treatment Figure 1 Gateway Treatment Riverside Drive Streetscapes and Pocket Parks Legend CRA Boundary Main Street Activity Center ji 1 i4 1:! Riverview Park Sebat I Activity Center Boulevard TriangTeAreii ke Potential CRA ITT Redevelopment Plan Summary Map City of Sebastian CRA alY0f SEBASTIAN KOMI Of PIL1CAN ISLAND US 1 Streetscape Enhancements and "Build to Street" Scale: 800' 400 SOO Expansion to mprove verview Park Accomplishments of the Sebastian Community Redevelopment Agency (Sebastian CRA) Since the establishment of the original Sebastian CRA in 1995, numerous projects have been accomplished. Accomplishments are as follows: o Provided annual funding support to festivities such as Riverfront Christmas decorations, Clam Bake festival, fine art festival, concert in the park, and Pelican Island celebration since the year 2000. Completed Riverview Park Phase I, boat dock, landscaping, and shoreline stabilization project in 2001. o Developed community redevelopment master plan in 2003. o Completed Jackson Street extension, sidewalk, and street light project in 2004. o Completed improvements to the Yacht Club. Completed construction on the Indian River Drive/Main Street project. Established a Facade, Sign and Landscaping matching grant program. Received contribution from the Clambake Foundation and provided the balance of funding for the Flag Pole project, which enhanced the view at the western entrance to the CRA area. o Designed three billboard advertisements and rented billboards on Highway I -95. o Contributed $20,000 to a film production about the story of Pelican Island. Approved the construction of information boards at Riverview Park and at the Park at Indian River Drive/Main Street. FY 2009 Sebastian CRA Activities The Sebastian CRA is treated as a special revenue fund of the City. An independent financial audit by an external CPA firm has been accomplished annually to be in compliance with Section 163.387(8), Florida Statutes. An annual budget is also adopted by the Sebastian CRA Board to be in compliance with Section 189.418(3). Major activities and accomplishments of the Sebastian CRA in 2009 include: Provided funding for concert in the park events and the fine art festival. Provided funding for Holiday decorations. o Awarded three grants for the facade, sign, and landscape grant program to help business, in the Sebastian CRA district, to improve the aesthetics of their properties and buildings. Contributed $20,000 to a film production about the story of Pelican Island. Completed the Main Street/Indian River Drive intersection improvement project. Completed the Flag Pole project to enhance the western entrance to the CRA area. o Constructed information boards at both Riverview Park and the Indian River Drive/Main Street Park. Designed three billboard advertisements and rented billboards on Highway I -95. 3 Cl 7 Tax Increment Revenue The tax increment revenue is determined annually as 95 percent of the difference between: (a) the amount of ad valorem taxes levied each year by each taxing authority contributing to the Sebastian CRA on taxable real property contained within the redevelopment area, exclusive of the following entities: Florida Inland Navigation District Indian River County Mosquito Control District Indian River County Hospital Maintenance District School District, and associated General Obligation Debt funded by ad valorem taxes Indian River County Land Acquisition Bond General Obligation Debt Emergency Services Dependent Taxing District St. Johns River Water Management District Sebastian Inlet Taxing District and (b) the amount of ad valorem taxes which would have been generated by the rate at which the tax is levied each year by the taxing authority, exclusive of the following entities: Florida Inland Navigation District Indian River County Mosquito Control District Indian River County Hospital Maintenance District School District, and associated General Obligation Debt funded by ad valorem taxes Indian River County Land Acquisition Bond General obligation Debt Emergency Services Dependent Taxing District St. Johns River Water Management District Sebastian Inlet Taxing District upon the total of the assessed value of the taxable real property in the community redevelopment area as shown on the assessment roll used by each taxing authority prior to March 22, 1995, the effective date of the ordinance creating the Redevelopment Trust Fund. Indian River County Board of County Commissioners and the City of Sebastian currently make tax increment payments into the Sebastian CRA Trust Fund. 4 The actual implementation of the tax increment financing was delayed until FY 2001. The City's millage rate has decreased from $5.00 per $1,000 in FY 2001 to $3.3456 per $1,000 in FY 2009. The millage for Indian River County has been decreased from $4.1014 per $1,000 in FY 2001 to $3.0689 per $1,000 in FY 2009. The millage rates from 2001 through 2009 are presented in Exhibit II below. Exhibit II Sebastian Community Redevelopment Agency Operating Millage Rates in Redevelopment Area Indian City River of Fiscal Year County Sebastian 2001 4.1014 5.0000 2002 4.0501 4.5904 2003 3.8729 4.5904 2004 3.8377 4.5904 2005 3.6233 4.5904 2006 3.5204 3.9325 2007 3.1914 3.0519 2008 3.0202 2.9917 2009 3.0689 3.3456 a) 0� E c 0 1- 10.0000 8.0000 6.0000 4.0000 2.0000 0.0000 Total Tax Increment Millage Rate 2001 2002 2003 2004 2005 2006 2007 2008 2009 Fiscal Year Source: City of Sebastian Finance Department 5 Total Millage Rate 9.1014 8.6405 8.4633 8.4281 8.2137 7.4529 6.2433 6.0119 6.4145 The taxable value of real property in the redevelopment area has risen significantly during the same period. In FY 2001 the total taxable value of the redevelopment area was $45.8 million. Compared to FY 2009 total taxable value of $127.7 million, the taxable value of the redevelopment area has increased by 179 Although a 22.28% decrease was experienced in 2008, a 18.97% increase from the 2008 level was experienced for 2009. The taxable values in redevelopment area from 2001 through 2009 are presented in Exhibit III below. Exhibit III Sebastian Community Redevelopment Agency Taxable Value in Redevelopment Area Change in Fiscal Taxable Base Year Incremental Incremental Year Value Value Value Value 2001 $45,834,920 $34,959,870 $10,875,050 2002 58,263,740 34,959,870 23,303,870 114.29% 2003 58,844,190 34,959,870 23,884,320 2.49% 2004 66,307,980 34,959,870 31,348,110 31.25% 2005 (1) 78,424,554 41,561,980 36,862,574 17.59% 2006 (1) 89,418,550 41,561,980 47,856,570 29.82% 2007 (1) 134,755,060 41,561,980 93,193,080 94.73% 2008 (1) 113,994,150 41,561,980 72,432,170 22.28% 2009 (1) 127,735,740 41,561,980 86,173,760 18.97% 100.0 80.0 0 60.0 40.0 0 20.0 2 0.0 Taxable Value 2001 2002 2003 2004 2005 2006 2007 2008 2009 (1) (1) (1) (1) (1) Fiscal Year (1) The taxable and base year values include the triangle area, which was added in the redevelopment area in 2003. Source: City of Sebastian Administrative Services Department 6 Based on the millage rates and the significant increases in taxable values, the tax increment revenue has risen dramatically during the same period. In 2001, the total tax increment revenue was $94,029. In 2009, the tax increment revenue has increased to $525,124, which is a 4.3% increase from the 2008 level. The tax increment revenues for the redevelopment area for the Fiscal Year 2001 through 2009 are presented in Exhibit IV below. Fiscal Year 2001 2002 2003 2004 2005 (1) 2006 (1) 2007 (1) 2008 (1) 2009 (1) Exhibit IV Sebastian Community Redevelopment Agency Tax Increment Revenue Indian River County $42,373 89,664 87,877 114,289 126,886 160,051 282,546 252,885 251,236 7 City of Sebastian $51,656 101,625 104,157 136,705 160,753 178,786 270,195 250,499 273,888 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 Tax Increment Revenue 2001 2002 2003 2004 2005 2006 2007 2008 2009 (1) (1) (1) (1) (1) Fiscal Year (1) The revenues include the triangle area, which was added in the redevelopment area in 2003. Source: City of Sebastian Administrative Services Department Total $94,029 191,289 192,034 250,994 287,639 338,837 552,741 503,384 525,124 Financial Statements The Sebastian CRA is considered a blended component unit of the City and therefore it is included in the City's annual financial audit. In order to meet the requirement of Section 163.387(8), Florida Statutes, which requires the CRA to provide for annual audit of the redevelopment trust fund, the Sebastian CRA has been treated as a major fund of the City. The financial statements included herein are unaudited statements of the Sebastian CRA. Audited statements are included in the City's Comprehensive Annual Financial Report (CAFR) for the fiscal year ending September 30, 2009 and may be obtained in the City Clerk's office 1225 Main Street, Sebastian, Florida or online at http: /www /cityofsebastian.org. 8 Sebastian Community Redevelopment Agency, Florida Balance Sheet September 30, 2009 Unaudited ASSETS Cash and cash equivalents 609,416 Investments 375,251 Interest receivable 6 Total assets 984,673 LIABILITIES AND FUND BALANCE Liabilities: Accounts payable 35 Total liabilities 35 Fund balances: Unreserved: Undesignated 984,638 Total fund balance 984,638 Total liabilities and fund balance 984,673 9 REVENUES: Taxes: Property 525,124 Investment earnings 1,990 Total revenues 527,114 OTHER FINANCING USES: Transfers in 668,590 Transfers out (60,000) Total other financing uses 608,590 Net changes in fund balance 968.,234 Fund balance beginning 16,404 Fund balance ending 984,638 Sebastian Community Redevelopment Agency, Florida Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended September 30, 2009 Unaudited EXPENDITURES: Current: Economic environment 167,470 Total expenditures 167,470 Excess (deficiency) of revenues over (under) expenditures 359,644 10 REVENUES: Taxes: Property Investment earnings Total revenues Sebastian Community Redevelopment Agency, Florida Schedule of Revenue, Expenditures, and Changes in Fund Balances Budget and Actual For the Year Ended September 30, 2009 Unaudited EXPENDITURES: Current: Economic environment Total expenditures Excess (deficiency) of revenues over (under) expenditures OTHER FINANCING USES Transfers in Transfers out Total other financing (uses) Net changes in fund balances Fund balances beginning Fund balances ending Budget Amounts Original Final 528,092 528,092 26,000 26,000 554,092 554,092 123,100 188,100 123,100 188,100 430,992 365,992 359,644 45,000 (60,000) (60,000) (60,000) (15,000) 167,470 167,470 668,590 (60,000) 608,590 370,992 350,992 968,234 16,404 16,404 16,404 11 Actual Variance with Amounts on Final Budget a Budgetary Positive Basis (Negative) 525,124 (2,968) 1,990 (24,010) 527,114 (26,978) 20,630 20,630 (6,348) 623,590 623,590 617,242 387,396 367,396 984,638 617,242 CjiDO Subject: Cavcorp parking lot Ap oved o Submittal by: Agenda No. Department Origin: City Attorney: City Manager City Clerk: Date. Submitted: 10 MAR 10 Al i er, City Manager Exhibits: SBS Conceptual Plans and Estimates EXPENDITURE REQUIRED: $0 At This Time AMOUNT BUDGETED: N/A APPROPRIATION REQUIRED: N/A HOME OF PELICAN ISLAND CRA AGENDA TRANSMITTAL SUMMARY In further beautification efforts along Indian River Drive, I requested that Council hire, Schulke, Bittle and Stoddard (SBS) to prepare a Cavcorp" conceptual plan. Implementing such beautification projects in the redevelopment district will continue to (1) improve parking; (2) promote the enhancement of the riverfront; (3) increase landscaping improvements; and, (4) create a more "down -town" theme in the community. SBS has now completed that plan and it is ready for Council review and consideration. While the Cavcorp project will repeat the overall redevelopment goals mentioned in the previous paragraph, specifically the plan does the following: 1. Redefines and landscapes the Cavcorp parking lot in order to improve (1) aesthetics; (2) boat trailer parking capacity; and, (3) parking lot ingress /egress. 2. Close Sebastian Boulevard in order to create a riverfront "promenade These features add a centerpiece for Riverview Park; thereby, providing "panache" for a major community passive recreational area that encourages social assembly and gathering. 3. Addresses the current condition of Cleveland and Coolidge streets by improving the existing street surfaces and adding landscape and additional "on- street" parking. For your review are two concepts and an initial cost estimate of $947,892.95 While $750,000 is allocated for this project in FY 2010, no project funds need to be spent. However, if Council is happy with the design concepts and would like to move forward with the project, a portion of this allocation can be used to move into a full design phase. This process will lead the City through workshops, public hearings, final design, and ultimately to actually starting a construction procurement stage. Below is a rough time line establishing a project calendar. Item Concept Review Seek Consulting Design Contract Council Approve Consulting Contract Design, Public Input, Workshops Project Construction Bidding Award Construction Contract Construction RECOMMENDED ACTION Approve concepts and directed staff to begin project design phase. Estimated Time Frame 24 Mar April May May May Nov November December December 2010 April 2011 17 A co r rn J r aniaCI zigAR1 tivia cr 5 1 i 6 70 N000V1 213/\I?1 HYIGtI 0 rn —1 70 •07 X cr, Cr) a 7c 0 X 11 co m 0 70 U o 70 70 m m N 0 0 0 r 0 0 0 1-0 CO CP m 0 a i D —I m D 0 CITY OF SEBASTIAN 512 BOATRAMP CONCEPT 1 AERIAL SCHULKE, BITTLE STODDARD, L.L.C. cML STRUCTURAL ENGINEERING LIND PUNNING ENVIRONMENTAL PERI/1171NC CERTIFICATION OF NUITIORIZATION HOT 00008668 1717 INDIAN RIVER BLVD.. SUITE 201 VERO BEACH. FLORIDA 32960 TEL 772 770-9622 FAX 7721770-9496 EMAIL InIo@s.m4”.. CRAVING pOpe X9 J. MOW WA arra.17 SCAEN NS NOTED arc c./m/w row I CITY OF SEBASTIAN 512 BOATRAMP CONCEPT 1 SCHULKE, BITTLE STODDARD, L.L.C. aK AII.6IMML DINEDl6 LAND RAMC BBIItl&6060L PERVITIPIG COMMON OF ALM.01.1011 M+ r9MM 1717 INDIAN RIVER BLVD SUITE 201 VERO BEACH, FLORIDA 12980 TEL 772/770.9611 FAA 272/770.9196 EMAILIM00e03e99163.666m OW1.4 ION MIMEO AIS 1•41111 •IoC MOW MS ri to-yo ^LI; r i CITY OF SEBASTIAN 512 BOATRAMP CONCEPT 2 v i P�' 1 I Y v A 4 vT A 4 z a e -1 y c- C- qy`� Sr v V...).), SCHULKE, BITTLE STODDARD, L.L.C. QIE. smwn*I OVWEERRIC RINSING DAW01401PL rtivnw 01•111.110X Cr K.01.11. 01.10.1 1717 INDIAN RIVER BLVD.. SUITE 201 VERO BEACH. FLORIDA 32960 TEL 7727770-9822 FA%7721770-9496 EMAIL 1doQ!64 991eers.com l 4 MOM ION 041011• !A KAM ar 113/18/10 Matt ISMER aur 1 General Cost Estimate City Of Sebastian Cav Corp Property Improvements UNIT QUANTITY Unit Price Total Mobilization LS 1 15,000.00 15,000.00 Maintenance of Traffic LS 1 7,500.00 7,500.00 Erosion Control SWPPP LS 1 10,000.00 10,000.00 Subtotal 32,500.00 32500.00 2 Clearing Grubbing UNIT QUANTITY Unit Price Total Clearing Grubbing (415 x 305) AC 2.91 2,500.00 7,275.00 Remove Existing Structures LS 1 5,000.00 5,000.00 Remove Pavement Curb SY 1,907 2.75 5,244.25 Remove Concrete SY 895 2.60 2,327.00 Saw Cut Pavement Remove SY 237 5.50 1,303.50 Remove Curb Only LF 1,085 5.20 5,642.00 Subtotal 26,791.75 26,791.75 3 Earthwork UNIT QUANTITY Unit Price Total Borrow Excavation Place (6" CY 1,865 8.50 15,852.50 Grading, Pavement SY 8,394 1.30 10,912.20 Grading, Other Paved Surfaces SY 2,963 1.00 2,963.00 Grading, Green Areas SY 5,131 0.80 4,104.80 Subtotal 33,832.50 33,832.50 4 Pavement Parking Areas Sidewalks Cleveland Street UNIT QUANTITY Unit Pr ce Total 8" Coquina (Parking) SY 508 12.00 6,096.00 1 1/2" Asphalt (Parking) SY 484 13.00 6,292.00 F CurbNaltey Curb LF 260 18.00 4,680.00 D Curb LF 108 11.00 1,188.00 Sidewalks (505 x 5) SF 2,525 3.50 8,837.50 Striping 4" White (Parking) LF 352 0.70 246.40 24" White Thermo LF 14 3.45 48.30 6" Double Yellow Thermo LF 40 2.30 92.00 Subtotal 27,480.20 Coolidge Street UNIT QUANTITY UnL1 Price Trig 1" Asphalt Overlay (Road) (400 x 26) SY 1,155 9.00 10,395.00 8" Coquina (Parking) SY 775 12.00 9,300.00 1 1/2" Asphalt (Parking) SY 738 13.00 9,594.00 8" Coquina (Tum -Out; SY 65 12.00 780.00 2" Asphalt (Tum -Out) SY 62 14.50 899.00 FNalley Curb LF 825 18.00 14,850.00 D Curb LF 96 11.00 1,056.00 Sidewalks (550 x 5) SF 2,750 3.50 9,625.00 Concrete Crosswalk (Stamped) SF 224 11.50 2,576.00 Striping Signs 4" White LF 594 0.70 415.80 12" White Thermo LF 79 2.30 181.70 24" White Thermo LF 28 3.45 96.60 6" Double Yellow Thermo LF 40 2.30 92.00 Pedestrian Crossing Sign EA 2 379.00 758.00 Stop Sign EA 2 300.00 600.00 Street Sign EA 4 160.00 640.00 Subtotal 61,859.10 Indian River Drive Street Parking UNIT QUANTITY Unit Price Total 12" Coquina (Road Wid.) (5 x 365) SY 203 18.25 3,704.75 1 1 /2" Asphalt (Road Wid.) (4 x 365) SY 162 13.00 2,106.00 1" Overlay (Road) (24 x 420) SY 1,120 9.00 10,080.00 8" Coquina (Tum -Out) SY 280 12.00 3,360.00 2" Asphalt (Tum -Out) SY 267 14.50 3,871.50 FNalley Curb LF 420 18.00 7,560.00 D Curb LF 200 11.00 2,200.00 Sidewalks (50 x 4) +(295 x 4) +(35 x 4) SF 1520 3.50 5,320.00 Concrete Crosswalks (Stamped) SF 672 11.50 7,728.00 Cost Estimate City Of Sebastian Cav Corp Property Improvements Striping Signs Handicap Man EA 1 150.00 150.00 4" Blue LF 40 0.70 28.00 4" White LF 440 0.70 308.00 6" White Thermo LF 810 1.15 931.50 12" White Thermo LF 188 2.30 432.40 24" White Thermo LF 70 3.45 241.50 6" Double Yellow Thermo LF 340 2.30 782.00 Arrows EA 2 100.00 200.00 Stop Sign EA 3 300.00 900.00 Do Not Enter EA 3 300.00 900.00 Pedestrian Crossing EA 6 375.00 2,250.00 HC FTP 25 EA 1 180.00 180.00 Subtotal 53,233.65 Sebastian Blvd. UNIT QUANTITY Unit Price Total 1" Overlay (Road) SY 202 9.00 1,818.00 8" Coquina (Tum -Out; SY 35 12.00 420.00 1 Asphalt (Turn-Out; SY 33 9.00 297.00 1" Overlay (Tum -Out) SY 97 9.00 873.00 FNalley curb (Road) LF 95 18.00 1,710.00 D Curb LF 880 11.00 9,680.00 Linear Park Pavers SF 11,780 4.00 47,120.00 Concrete Sidewalk SF 400 3.50 1,400.00 Bollards EA 10 250.00 2,500.00 Striping Signs Handicap Man EA 2 150.00 300.00 4" Blue LF 80 0.70 56.00 4" White LF 140 0.70 98.00 6" White Thermo LF 50 1.15 57.50 6" Double Yellow Thermo LF 80 2.30 184.00 12" White Thermo LF 70 2.30 161.00 24" White Thermo LF 14 3.45 48.30 Arrows EA 3 100.00 300.00 Stop Sign EA 1 300.00 300.00 Street Sign EA 2 160.00 320.00 Working Signs EA 3 300.00 900.00 HC FTP 25 EA 1 180.00 180.00 Subtotal 68,722.80 Boat Trailer Parking Jl NIT QUANTITY Unit Price Total 8" Coquina (Road and Trailer) SY 6223 12.00 74,676.00 2" Asphalt (Road and Trailer) SY 6192 14.50 89,784.00 8" Coquina (Park) SY 479 12.00 5,748.00 1 1/2" Asphalt (Park) SY 456 13.00 5,928.00 Concrete Turn -Out (Trailer; SF 360 3.75 1,350.00 FNalley Curb LF 275 18.00 4,950.00 0 Curb LF 1,934 11.00 21,274.00 Concrete Sidewalks (280 x 5) SF 1,400 3.50 4,900.00 Concrete Pad (Trash) SF 300 3.50 1,050.00 Striping Signg 4" White LF 3,731 0.70 2,611.70 Arrows EA 4 100.00 400.00 Signs (Mis. Boat) EA 6 180.00 1,080.00 Subtotal 213,751.70 5 Drainage Cleveland Street UNIT QUANTITY Unit Price Total C Inlet EA 2 1,750.00 3,500.00 Manholes EA 2 1,900.00 3,800.00 5' Exfil w/ 18" LF 150 90.00 13,500.00 Subtotal 20,800.00 Page 2 of 3 425,047.45 Cost Estimate City Of Sebastian Cav Corp Property Improvements Coolidge Street UNIT QUANTITY Unit Price Total C Inlet EA 2 1,750.00 3,500.00 Manholes EA 2 1,900.00 3,800.00 5' Exfil w/ 18" LF 250 90.00 22,500.00 Reconstruct/Replace Flume EA 1 1,000.00 1,000.00 Subtotal 30,800.00 Indian River Drive/East Parking UNIT QUANTITY Unit Price Total C Inlet EA 1 1,750.00 1,750.00 15" CAP LF 20 35.00 700.00 Subtotal 2,450.00 Sebastian Blvd. UNIT QUANTITY Unit Price Total C Inlet EA 3 1,750.00 5,250.00 Curb Inlet EA 1 2,200.00 2,200.00 Manholes EA 1 1,900.00 1,900.00 15" ADS LF 418 25.00 10,450.00 MES EA 1 350.00 350.00 Subtotal 20,150.00 Boat Trailer Parking UNIT QUANTITY Unit Price Total C Inlet EA 3 1,750.00 5,250.00 Curb Inlets EA 2 2,200.00 4,400.00 Concrete Flumes EA 4 500.00 2,000.00 Connect to Existing Inlet EA 1 500.00 500.00 Convert Existing to M.H. EA 1 500.00 500.00 10' Exit! w/ 18" LF 630 165.00 103,950.00 15" ADS LF 525 25.00 13.1225.80 Subtotal 129,722.00 6 Utilities 1 Water Sewer UNIT QUANTITY Unit Price Total Install Fire Hydrant Assembly EA 2 3,000.00 6,000.00 Remove Fire Hydrant Assembly EA 1 1,000.00 1,000.00 Misc. Water Sewer Conflict LS 1 5,000.00 5,000.00 Subtotal 12,000.00 Electric O.H.E. Relocation (Budget) 6 Landscaping and Irrigation UNIT QUANTITY Unit Price Total LS 1 15,000.00 15,000.00 Subtotal 15,000.00 27,000.00 Landscaping UNIT QUANTITY Unit Price Total Sod SF 36,165 0.25 9,041.25 Trees Canopy EA 13 300.00 3,900.00 Understory EA 16 180.00 2,880.00 Palms (Cabbage) EA 24 200.00 4,800.00 Shrubs (1375 LF) EA 550 10.50 5,775.00 Ground Cover Misc. Plants LS 1 5,000.00 5.000.00 Subtotal 31,396.25 Irrigation System Well Pump Re -Plumb Reset LS 1 2,500.00 2,500.00 Irrigation System LS 1 20,000.00 20.000.00 Subtotal 22,500.00 7 Miscellaneous UNIT QUANTITY Unit Price Total Benches EA 8 1,300.00 10,400.00 Trash Containers EA 4 1,000.00 4,000.00 Trash Corral Dumpster LS 1 5,500.00 5,500.00 Clock Tower LS 1 35,000.00 35,000.00 Relocate Clock LS 1 5,000.00 5,000.00 Flagpoles (2) other amenity EA 2 3,500.00 7,000.00 Lights EA 18 3,500.00 63,000.00 Electric Service Panel Misc. LS 1 15,000.00 15,000.00 Subtotal 144,900.00 Page 3 of 3 203,925.00 53,896.25 144,900.00 Total construction cost: I 947,892.95 I