FY 2016 annual report

Transcription

1 Community Redevelopment AgenCy FY 2016 annual report Making the vision a reality.

2 What is a CRa? A Community Redevelopment Agency (CRA) is a dependent taxing district established by local government for the purpose of carrying out redevelopment activities including reducing or eliminating blight, improving the tax base and encouraging public and private investments in the redevelopment area. The City of Deerfield Beach Mayor and Commissioners serve as the CRA Board of Directors in the execution of the City of Deerfield Beach CRA Plan. CRAs provide local government with a funding and planning mechanism to redevelop areas where market forces aren t performing. What is tir? Redevelopment activities are primarily funded by Tax Increment Revenue (TIR). TIR is calculated by freezing the tax base in the year the CRA was created. Taxing authorities continue to receive tax revenue based on the frozen tax base. When tax revenues rise as a result of redevelopment activities, this increment is deposited into the CRA Trust Fund for use on subsequent redevelopment activities. history of the DeeRfielD BeaCh CRa The Deerfield Beach CRA was created in 1999 to creatively use Tax Increment Revenue to form public private partnerships to redevelop the CRA District. Since its inception, the Deerfield Beach CRA has successfully completed or benefitted from several cornerstone redevelopment projects such as the Ocean Way Boardwalk, A1A S-Curve Improvements, the Cove Shopping Center, Hillsboro Boulevard, the Hillsboro Square Shopping Center and most recently the Deerfield Beach International Fishing Pier entrance buildings. CRa BoaRD of DiReCtoRs: Chairperson Jean M. Robb Board MeMBer Joseph P. Miller ViCe Chair Richard Rosenzweig Board MeMBer Bill Ganz Board MeMBer Gloria J. Battle Grants florida inland navigation DistRiCt Upon contract execution by the CRA Board for the construction of Sullivan Park, the CRA closed out Phase 1 of the Waterways Assistance Grant from the Florida Inland Navigation District for the design and engineering of Sullivan Park and applied for $196,000 in reimbursement. In January, Phase 2 construction began which is eligible for $1.9 million in grant reimbursements. PuBliC art RuBen ubiera Cynthia fisher The Sullivan Park public art project made significant headway in the latter portion of FY16. After applying for and receiving the Community Foundation of Broward s Art of Community grant award in the amount of $75,000, the CRA along with the Public Art Committee moved forward to secure over $130,000 in private donations and sponsorships. With funding secured, the project got underway with a student art competition where 14 outstanding student art pieces were selected and an artist team was chosen to design, fabricate and install the fountain mosaic artwork. The selected artist team was comprised of neo-figurative artist Ruben Ubiera and accomplished mosaicist Cynthia Fisher. By the end of FY16, a full design concept was approved and fabrication of the mosaic overlay was underway through the combined efforts of the artist, public art committee and the Deerfield Beach community.

3 sullivan PaRk sullivan PaRk MaRina In November 2015, the CRA Board approved and awarded the $3,790,343 Sullivan Park construction contract to low bidder MBR Construction. Improvements include an 11 slip public marina, restrooms, playground, splash pad, stair tower, expanded parking lot and a waterfront public promenade. In January 2016 a formal groundbreaking ceremony took place at Sullivan Park and construction commenced. The project was scheduled for January 2017 completion. In the meantime, the CRA negotiated a public private partnership to gain a perpetual public access easement to the Cove Shopping Center to link the center to the new recreational amenity. north BeaCh Pavilion In FY16, the CRA Board commenced the design of the new North Beach Pavilion. In February, the CRA Board selected a design option that consisted of the replacement of the existing pavilion with a covered two-story pavilion, concession room, multi-purpose room, storage room, ADA compliant restrooms, stairs and elevator and the reconstruction of the existing parking lot with concrete pavement, landscape, drainage, irrigation system and lighting. The estimated cost of the design option selected is $1.9 million dollars. The project is the last element of the beach improvements in the CRA Plan aimed at attracting visitors to the redevelopment area. from left to right: tyler ChaPPell (find), ChiP lamaica (Broward County Board of County Commissioners), BuRgess hanson (City Manager), Bill ganz (D4 Commissioner), RiChaRD RosenzWeig (D3 Commissioner), Jean M. RoBB (Mayor), JosePh P. MilleR (D1 Commissioner), kris MoRy (CRa Director) kara Petty (Parks and Rec. Director).

4 a1a landscape and CRossWalks The Florida Department of Transportation commenced an A1A project that consisted of drainage improvements, new asphalt, bike lanes and sidewalks. The project, however, lacked the aesthetic and more importantly, key pedestrian safety features. In January 2016, in line with the Capital Improvements Plan, the CRA funded the design, permitting and construction of landscape and crosswalk upgrades to State Road A1A. The crosswalk upgrade is a pilot design featuring in-ground LED lighting as well as a textured herringbone design that is a visual enhancement while accounting for safety. island traffic study At the commencement of FY16, the CRA Board discussed a proposal of the Florida Department of Transportation (FDOT) to make the one block segment of East Hillsboro Boulevard between State Road A1A and Ocean Way one way heading east and making SE 1st Street one way heading west. Consistant with the CRA Plan of improving traffic circulation in the beach area, along A1A and the S-Curve, the proposal sought to expedite traffic movement at the A1A/Hillsboro Boulevard intersection. The proposal however, generated concerns of the impact on the bus transit route, fire station and main beach parking lot. In January the CRA Board funded a study of the traffic flow in the area of East Hillsboro Boulevard, SE 1st Street, Ocean Way, State Road A1A and the nearby area. In summary, it was found that west bound one way streets work for East Hillsboro Boulevard between A1A and Ocean Way and for SE 1st Street between A1A and Ocean Way but one way east bound on these segments has a negative impact on traffic flow on the barrier island. special events The CRA funded select special events to encourage business development in the District. Special events funded in FY16 included the 4th of July Fireworks Celebration, Ocean Way Holiday and Pioneer Days entertainment. These three events attracted over 90,000 people to the District. Economic impact surveys were conducted in conjunction with events to document the influx of money. There were some notable changes made as a result of community input from the surveys as well. Once again, the 4th of July Fireworks Celebration resulted in the greatest economic impact for the area resulting in $1.7 million -$3.4 million return for a 4 hour event. CoMMunity PoliCing To protect its investment in redevelopment projects, the CRA continued its innovative community policing program. CRA funded deputy details provide additional law enforcement in and around recently completed CRA projects. The CRA proactively anticipated the construction at the Sullivan Park Project site and budgeted for additional police detail to ensure the safety and welfare of the public. As the CRA district attracts new businesses and patrons, the additional community policing efforts ensure that areas improved using Tax Increment Revenue remain safe and inviting for visitors. WayfinDing The CRA Plan calls for efforts to market the District for business development and to implement transportation and circulation improvements in the District. In the latter part of FY 15, the CRA Board unanimously approved a design option and directed staff to move forward with the way finding program. The Wayfinding signs implement a new buck head logo as well as succinct messages about major destinations in the CRA District. Three monument signs located at the major entrances/exits to the redevelopment area and 13 local directional signs. In the early part of FY 16, the CRA Board accepted and approved a contract for design and fabrication of the new way finding program.

5 flanagan s and the Whales RiB RestauRant: after CoMMeRCial façade grant PRogRaM In the ongoing CRA Commercial Façade Program, Flanigan s Enterprise Inc. and the Stephenson Group Deerfield Beach LLC were funded in FY 16. The proposed upgrades applied to two commercial businesses known as Flanigan s Bar & Grill and The Whale s Rib. The owners proposed to update the façades, install new impact windows and doors and add a new covered deck, thus giving the building a more updated look as well as convert the unused portion of five (5) previously existing parking spaces that were partially removed by the Florida Department of transportation into a privately owned park/plaza area. Current commercial façade funding guidelines cap funding awards at $100,000 per project. However, due to the unique public nature of the park/plaza and the strategic location of the project, staff recommended an award totaling $105,743 The prior year grantee, RJC Hillsboro, INC. commenced with significant façade improvements to 1300 East Hillsboro Boulevard property. PuBliC-PRivate PaRtneRshiPs The CRA is determined to maintain positive relationships with local business owners and the business community within the District. In April 2016, the CRA Board approved a public private partnership between the Royal Blues Hotel and the CRA to extend the NE 21st Avenue (Ocean Way) paver roadway at the request of the Hotel owner, in order to improve the appearance of the roadway as it crosses the hotel property. The total project cost totaled $180,000, where Royal Blues agreed to pay for half of the upgrade. The improvement commenced August 22, 2016 and was completed September 24, ocean Way PaveRs: after ocean Way PaveRs: BefoRe

6 assets Community Redevelopment AgenC y (CRA) F y 2016 F ina n C i A l s Cash, investments, interest and Monies due From other Funds...$2,011,639 LiaBiLities & Fund BaLanCe accounts payable...167,987 total Fund Balance...1,843,652 revenues property tax (Contributions from the City, County and hospital district)...2,716,228 investment earnings/miscellaneous other...18,116 total revenues...2,734,344 other FinanCing sources and uses transfers out*...1,095,156 expenditures operating expenses...932,240 Capital outlay...116,002 total expenditures...1,048,242 * Cra debt service reimbursement to the City for ocean Way, hillsboro Blvd., Cove gardens and sullivan park. CRa funding annual taxes generated $1,500 $1,000 Year Basic Model incremental tax $s available to Cra existing tax Base (Frozen at start of Cra and continues to current taxing jurisdiction) Years tif 2029 tax base for the municipality remains constant at base level new tax Base (post Cra to general fund and taxing jurisdictions)

7 CRA FinA n C i A ls audited statements As a dependant special district of the City of Deerfield Beach, the Deerfield Beach CRA presents its financial statements in accordance with the reporting model required by Governmental Accounting Standards Board Statement No. 34, Basic Financial Statements and Management s Discussion and Analysis for State and Local Governments. The Deerfield Beach CRA Trust Fund is reported as a major fund in the City of Deerfield Beach Comprehensive Annual Financial Report (CAFR). This report also contains other supplementary information in addition to the basic financial statements themselves. The CRA adopts an annual budget for its General Fund. This report demonstrates compliance with this budget. Copies of the Deerfield Beach CRA s financial statements are available on the website at or may be requested by telephone at DeeRfielD BeaCh CRa DistRiCt BounDaRies The CRA s boundaries lie generally north and south of Hillsboro Boulevard from Federal Highway to the Atlantic Ocean, encompassing the two neighborhoods generally known as The Cove and The Island or Beach.

8 Community Redevelopment AgenCy improving the island and the cove with You. 150 ne 2nd avenue, deerfield Beach, Fl deerfield-beach.com