R23-121 1
2 RESOLUTION NO. R23-121
3
4 A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA
5 RATIFYING THE 2023-2024 ANNUAL BUDGET FOR THE
6 BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY
7 AND PROVIDING AN EFFECTIVE DATE.
8
9 WHEREAS, the Boynton Beach Community Redevelopment Agency was created by
10 Ordinance of the City Commission pursuant to Chapter 163, Florida Statutes. The
11 Redevelopment Agency has been designated a Florida Special District; and
12 WHEREAS, Florida Statutes 189.016 provides that the proposed budget of a dependent
13 special district, with the concurrence of the local governing authority, may be budgeted
14 separately; and
15 WHEREAS, a local governing authority may, in its discretion, review the budget or tax
16 levy of any special district located solely within its boundaries; and
17 WHEREAS, a final budget of the Boynton Beach Community Redevelopment Agency
18 has been reviewed and considered by the City Commission for the ensuing year, with
19 detailed information.
20 NOW,THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF
21 BOYNTON BEACH, FLORIDA THAT:
22 Section 1. The foregoing "Whereas" clauses are hereby ratified and confirmed as
23 being true and correct and are hereby made a specific part of this Resolution upon adoption
24 hereof.
25 Section 2. The City Commission of the City of Boynton Beach, Florida hereby
S:\CA\RESO\Budget\2023-2024 Budget\Ratify CRA Budget(2022-23)-Reso.Docx
1 ratifies the adoption of the Boynton Beach Community Redevelopment Agency's 2023-2024
2 Annual Budget.
3 Section 3. This Resolution shall become effective immediately upon passage.
4 PASSED AND ADOPTED this 14th day of September, 2023.
5
6 CITY OF BOYNTON BEACH, FLORIDA
7
8 YES NO
9 /
10 Mayor-Ty Penserga
11
12 Vice Mayor-Thomas Turkin
13
14 Commissioner-Angela Cruz ./
15
16 Commissioner-Woodrow L. Hay t/
17 /
18 Commissioner-Aimee Kelley ✓
0
2
20 VOTE
21
22
23
24 Ar .ST:
25
261
1.V► IL �
27 Mayle • D iesus, MP I, MMC Ty • - ff��
28 City Cl-rk0N•B 4O`‘ Mayor
29 0..4 t •ti SII
to
30 ;° 0<t9 *0 AP r ROVE AS TO FORM:
31 (Corporate Seal)
32 • •. �� '�
010 .0
33 ••......' David N. Tolces
34 — Interim City Attorney
35
36
S:\CA\RESO\Budget\2023-2024 Budget\Ratify CRA Budget(2022-23)-Reso.Docx
FISCAL YEAR
2023 _ 2024
BUDGET
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BOYNTON CRA
BEACH
COMMUNITY REDEVELOPMENT AGENCY
CRA FUNDING/USES FY23/24
Tax Increment Revenue 21,496,558
Boynton Harbor Marina Fuel Dock& Slips Revenue 1,100,000
Total Revenue 22,596,558
Debt& Operating Expenses
Debt Service 2,135,817
Operating Expenses 3,900,000 Approx. 18%of TIRFA
Marina 1,100,000
Sub-Total Debt& Operating Expenses 7,135,817
Tax Increment Revenue Funding Agreement(TIRFA)
Payments- Contractual Obligations
Seabourn Cove-Phase II (50% - 10 Years) Year 101. 231,792
Preserve (75% Yrs 1-5; 25% Yrs 6-10) Year 90. 35,056
500 Ocean (75% Yrs 1-4; 50% Yrs 5-7; 25% Yrs 8-10) Year 51. 394,319
Townsquare Funding (until FY 2044-2045) Year 510. 3,550,000
Sub-Total TIRFA Payments 4,211,167
Remaining Project Fund Budget for Allocation
(Revenue - Debt Service.Operating&TIRFA) 11,249,574
Total CRA contribution to Town Square
over 20 years = $83,850,000
NOTE: Database from Property Appraiser received 7/6/2023
Millage Rate for County Changed to 4.500
COBB Millage rate remained the same
BBCRA FISCAL YEAR 20 23-20 24 PROJECT FUND WORKSHEET
Allocation Amount $ 11,249,574
Esbmaled Project Fund Line Item
CRA Plan District Projects:FY 2023-2024 FY 22123 Rollover CRA Board Proposed Allocation Total
Balances as of FY 23/24 (including any Rollover
8l31/2023 Project Fund Allocations as of 8131/2023 i
Master Interlocal Agreements-MLK Jr Blvd Streetscape Project Design(5250k),Jaycee
Park Project(3250k),Seacrest Boulevard Improvement Design(5100k),E Ocean Avenue
Dlettnct Win. Streetscape Demon 15100k)t2023 US 1 Beautt8cation Protect Design 1100k) $ 350,000 _ $ 450,000 $ 800.000
District Wide Engineer/Project Manager(5150k with benefits per COBB Budget Mtg) $ 160,000 $ 160,000
Heart of Boynton Joint Infrastructure Projects $ 250.000 $ 300,000 $ 550,000
Heart of Boynton Future Grocery Store In District 2 $ 200.000 $ 61,842 $ 261,642_
Newt of Boynton Local Match for etormwater _ $ - $ 250,000 $ 250.000
BB Boulevard Streetscape Improvement Project
::so?nton Beach Bled (Total needed 51.5 million by FY 23124) $ 501.130 $ 998,870 $ 1,500,000
Fader.'Highway Historic Woman's Club of BB,ongoing Renovations(ILA with City) $ - $ 500,000 $ 500,000
Downtown District Marina ERM Monitoring Wells and Potential Remediation $ 306,513 $ 306,513
Downtown District Marina Seawall $ 500,000. $ 500,000
District Wide Parking Garages $ 385,825 $ 1,000.000 $ 1,385,825
District Wide _ Property Acquisition $ - $ 4,000,000 $ 4,000,000
District Wide Property Maintenance for Ocean Ave Properties and Post Office __ $ 300,000 $ 300,000
District Wide Neighborhood Officer Program(NOPs)5th year of program- $ 695,000 $ 695,000
District WNW Commercial Economic Redevelopment Grants $ 100,000 $ 500,000 $ 600.000
District Wid. Commercial Exterior Improvements $ 500,000 $ 500,000
District Wid. Business Development&Promotions _ _ $ 160,000 $ 414,000 3 574000
District Wld. Business Promotional Marketing $ 80,000 $ 165,000 $ 245,000
District Wide Site Work,Demolition&Environmental $ 200,000 $ 100,000 $ 300,000
District Wide Professional Development Services(A,thlEng,Appraisals/Feasibililr,etc.r $ 261,451 $ 38,549 $ 300,000
District Wide Ride Share $ 400,000 $ 400,000
District Wide Development Project Related Legal Services"' -$ 250,000 $ __ 250,000
District Wide CRA Plan $ 300,000 $ 300,000
District Wld. 1Contingency - $ 140,000 _$ 60,000 $ 200,000
$ 3,628,406 $ 11,249,574 $ 14,877,980
I ALLOCATION BALANCE REMAINING $ (0)
Boynton Beach CRA
General Fund - Budget Summary-FY 2023-2024
• FY 2022-2023 2023-2024 vs.Prior Year
FY 2023-2024 Original Amended Increase/(Decrease)
REVENUES Budget Budget Budget Amount
Tax Increment Revenue(TIF) $ 21,496,558 (a) $ 18,959,450 $ 18,959,450 $ 2,537,108 12%
Manna Rents& Fuel Sales $ 1,100,000 $ 1,100,000 $ 1,100,000 $ 0%
Fund Balance Surplus $ 500,000 $ 500,000 $ (500,000) 0%
Budget Amendment#1 3/15/2023 $ 1,057,921
Total Revenues $ 22,596,558 $ 20,559,450_ $ 21.617,371 $ 979,187 4%
[EXPENSES
CRA Board&Advisory Board $ 79,750 (b) $ 67,150 $ 67,150 $ 12,600 16%
Administration&Operations
Executive Department $ 543,555 $ 532,805 $ 532,805 $ 10,751 2%
Finance Department $ 257,542 $ 252,842 $ 252,842 $ 4,700 2%
Planning& Development Department $ 229,052 $ 210,595 $ 210,595 $ 18,457 8%
Marketing& Business Development $ 261,367 $ 254,967 $ 254,967 $ 6,400 0%
Business Development and Promotions Department $ 159,608 $ 152,391 $ 152,391 $ 7,217 5%
Taxes,Employee Benefits,Compensated Absences,Workers
Comp $ 766,751 $ 711,751 $ 711,751 $ 55,000 7%
Sub-Total $ 2,217,875 $ 2,115,351 $ 2,115,351 $ 102,525 5%
Other General Fund Expenses
Insurances $ 361,075 $ 265,000 $ 265,000 $ 96,075 27%
Professional Services $ 294,000 $ 234,000 $ 234,000 $ 60,000 20%
Buildings,Grounds, Maintenance $ 734,000 $ 713,700 $ 713,700 $ 20,300 3%
Information Technology $ 113,300 $ 105,500 $ 105,500 $ 7,800 7%
Contingency $ 100,000 $ 100,000 $ 100,000 $ - 0%
Sub-Total $ 1,602,375 $ 1,418,200 $ 1,418,200 $ 184,175 11%
Boynton Harbor Marina Fuel Dock&Slips Expenses $ 1,100,000 $ 1,000,000 $ 1,000,000 $ 100,000 9%
Total General Fund Operating $ 5,000,000 (d) $ 4,600,701 $ 4,600,701 $ 399,300 8%
Operating Transfers Out
Transfer to Debt Service Fund $ 2,135,817 $ 2,136,830 $ 2,136,830 $ (1,013) 0%
Transfer to Project Fund $ 15,460,741 $ 13,621,919 $ 14,679,840 $ 780,901 5%
Sub-Total $ 17,596,558 $ 15,758,749 $ 16,816,670 $ 779,888 4%
Total General Fund Expenses&
Transfers Out $ 22,596,558 $ 20,359,450 $ 21,417,371 $ (242,154) -1%
(a)Property values in CRA up 12%
(b)Increase due to Board Meeting Minutes and ASL
Boynton Beach CRA
Project Fund - Budget Summary
•
2023-2024 2022-2023 2023-2024 vs.Prior Year
Original I Amended Increase/IDecrease)
FUNDING SOURCES Budget Budget Budget Amount I
1.Rollover FY 2022-2023(see Budget Overview) $ 3,628,406 $ 3,628,406 NIA
$ -
2.Transfers in from General Fund $ -
Other Financing Sources/Transfers In $ 15,460,741 $ 13,621,919 $ 13,621,919 $ 1,838,822 13%
$ -
3.Other Revenue/Financing Sources: $ -
1.Budget Amendment#1 3/15/2023 $ 1,057,921
$ -
Total Funding Sources/Revenues&Transfers In S 19.089,147 5 13.621.919 5 14,679,840 $ 5,467,228 37%
2023-2024 2022-2023 2023-2024 vs.Prior Year
Original Amended Increase/(Decrease)
EXPENSES Budget Budget Budget Amount 1 % j
Professional&Other Expenses
Contingency $ 200,000 $ 150,000 $ 150,000 $ 50,000 33%
Professional Services $ 1,060,000 $ 274,841 $ 210,891 $ 849,109 403%
Legal Services $ 250,000 $ 125,000 $ 125,000 $ 125,000 100%
Sub-Total $ 1,510,000 $ 549,841 $ 485,891 $ 1,024,109 211%
Capital Outlay
Property Purchases $ 4,000,000 5 3,070,764 $ 3,706,080 $ 293,920 8%
BBWC Capital Improvements/Marina Seawall $ 1,306,513 $ 250,000 $ 250,000 $ 1,056,513 423%
Site Work&Demolition Fees $ 300,000 $ 196,592 $ 196,592 $ 103,408 53%
Infrastructure&Streetscape $ 8,297,467 $ 7,677,970 $ 8,177,970 $ 119,497 1%
Sub-Total $ 13,903,980 $ 11,195,326 $ 12,330,642 $ 1,573,338 13%
Economic Development&Housinq Rehab Program
Economic Development Grant Programs $ 1,100,000 $ 556,600 $ 556,600 $ 543,400 98%
Marketing Program $ 245,000 $ 75,000 $ 75,000 $ 170,000 227%
DIFA-Economic Development $ 661,167 $ 1,141,500 $ 1,141,500 $ (480,333) -42%
Sub-Total $ 2,006,167 $ 1,773,100 $ 1,773,100 $ 233,067 13%
Proiects&Programs
Clean&Safe Program(Clean, Police,Code) $ 695,000 $ 524,627 $ 524,627 $ 170,373 32%
Ride Share $ 400,000 $ - $ $ 400,000
Business Promotional Events $ 574,000 $ 765,760 $ 765,760 $ (191,760) -25%
Sub-Total $ 1,669,000 $ 1,290,387 $ 1,290,387 5 378,613 29%
Total Project Fund Expenses $ 19,089,147 $ 14,808,654 $ 15,880,020 $ 3,209,127 20%
BOYNTON BEACH CRA
FY 2023-2024
BUSINESS PROMOTIONS BUDGET - 02-58500-480
2023/2024
BUSINESS PROMOTIONS TENATIVE DATES BUDGET
PIRATE FEST Saturday, October 28, 2023 and Sunday, October 29,
2023
Total Pirate Fest $85,000
DEWEY PARK/HEART OF BOYNTON VILLAGE
HOLIDAY LIGHT INSTALLATION December 2023
100 NE 4th Street& 118 E. MLK Blvd. Total Holiday Light Installation $20,000
HOLIDAY BOAT PARADE Friday, December 8, 2023
735 Casa Loma Boulevard
Total Holiday Boat Parade $25,000
ROCK THE PLAZA
Ocean Plaza -640 East Ocean Avenue Saturday, February 24, 2024 $30,000
Heart of Boynton Shops- 118 E. MLK Jr. Blvd. Saturday, March 23, 2024 $30,000
Ocean Palm Plaza- 1600 N, Federal Highway Saturday,April 27, 2024 $30,000
One Boynton - 1351 S. Federal Highway Friday, May 24, 2024 $30,000
Total Rock the Plaza —$120,000
BOYNTON BEACH NIGHT MARKET Saturday, July 27, 2024
120 E. Ocean Avenue
Total Boynton Beach Night Market $65,000
MARINA MONTH May 2024
735 Casa Loma Boulevard
Total Marina Month $58,000
BON APPETIT BOYNTON BEACH -
RESTAURANT MONTH September 2024
Total Restaurant Month $58,000
EQUIPMENT&SUPPORT $128,000
RIBBON CUTTING/GROUND BREAKINGS I $15,000
TOTAL COST OF BUSINESS
PROMOTIONS $489,000
ROLLOVER FROM FY 22-23 FOR
PIRATE FEST $85,000
COMBINED TOTAL $574,000
BOYNTON BEACH CRA
FY 2023-2024
BUSINESS DEVELOPMENT BUDGET - 02-58400-445
202312024
BUSINESS DEVELOPMENT DATE BUDGET
BOYNTON BEACH BUCKS A business promotional program to provide economic
support to local businesses through targeted
campaigns that will be promoted both digitally and in-
person at events.
Total Boynton Beach Bucks $50,000
PROMOTIONAL VIDEOS Videos to promote various BBCRA projects and
initiatives- Project Spotlights, Bon Appetit Boynton
Beach, Business Development Videos,Tutorial Videos
for Economic Development Toolkit
Total Promotional Videos $50,000
PROMOTIONAL PHOTOS Photos to capture BBCRA projects and initiatives,
business features, grand openings, etc.
Total Promotional Photos $15,000
BUSINESS DEVELOPMENT WORKSHOPS Various business development workshops to cover
various topics, such as: Strategic planning, Growth&
Expansion, Business Plan Overview, Finance&
Accounting, Marketing Strategy, Operations
Management, Diversity& Inclusion, Interpersonal
Skills for Success, Grant Writing- Minority& Female
Owned Businesses, Local Resources, Time& Stress
Management, Leadership& Hiring
Total Business Development Workshops $50,000
TOTAL COST OF MARKETING O. $165,000
I
Category FY 2023 QTY Unit Cost FY 2024 Notes
Personnel
Officer Salaries&Incentives 259,384 4 87,728 350,913 Salary,Education Incentive
Officer Benefits-Pension 100,997 4 49,187 196,747 Pension
Officer Benefits 50,011 4 16,726 66,905 Healthcare,Dental,Vision,FICA
Officer Overtime - 4 10,000 40,000
Police Service Aide(Civilian)Salary&Incentive 36,513 0 - Salary,Education Incentive(AVG)
Police Service Aide(Civilian)Benefits-Pension 10,978 0 - Pension(AVG)
Police Service Aide(Civilian)Benefits 12,883 0 Heahhcare,Dental,Vision,FICA(AVG)
Total Personnel Costs $ 470,766 $ 654,565
Cell Phones Service Plan 2,700 4 I 750 3,000 Cell Phones for CRA Officers
Office Supplies/Misc Supplies 2,000 2,500 2,500 Office Supplies(incl printer/copier)
Office Electric,Cable/Internet,water/sewage 6,180 12 1,000 12,000 Monthly Operating Cost
Office Space Monthly Maintenance - 1? 1C7 2,000 AC Filters/Repairs etc.
Office Cleaning 1,500 11 167 2,000 City Cleaning Crew
Computer equipment 1,000 4 - Misc,Cameras
Uniform 2,0(X) 4 563 2,250 uniforms,belts
Community Events/Promotions 4,000 1 5,000 5,0(X) Youth Programs
Training 4,000 4 2,000 8,000 CPTED,STEP academy
Total OperatinExpense $ 23,380 $ 36,750
g _
Misc.Equipment-As needed I 2,500 1 3,000 3,000 Misc.Equipment
Segway(Maintenance) 1,000 3 Preventative maintenance
Total Equipment Costs $ 3,500 i $ 3,000
- 1 I I
FY 2024 ILA Amount 1 _ I $ 694,315
NOTE:All amounts provided by Police Department with exception of Contingency and ILA amount for FY 2023-2024
Boynton Beach CRA
Debt Service Fund - Budget Summary
FY 2023-2024 FY 2022-2023
Original Amended
Dept. # Funding Source _ Budget Budget Budget
49900 Transfers In from
General Fund $ 2,134,817 $ 2,135,830 $ 2,135,830
Expenses
Series 2012 (formerly Series 2004 &Series 2005A) - PNC Bank
59800-814 Principal $ 1,512,000 $ 1,471,000 $ 1,471,000
59800-824 Interest $ 115,942 $ 153,600 $ 153,600
Sub-Total $ 1,627,942 $ 1,624,600 $ 1,624,600
Series 2015 (formerly Series 2005B)- BBOT
59800-815 Principal $ 445,000 $ 435,000 $ 435,000
59800-826 Interest $ 61,875 $ 76,230 $ 76,230
Sub-Total $ 506,875 $ 511,230 $ 511,230
59800-830 Financial Agent Fees $ 1,000 $ 1,000 $ 1,000
Total Debt Service
Expenses $ 2,135,817 $ 2,136,830 $ 2,136,830
Boynton Beach CRA Organization Chart FY 2023-2024
CRA Board
Executive
Director
Administrative
Assistant
Assistant
Director
Finance
r•
Director
Development Accounting&1
11 Soda!Bus?Hess Media&
Grants and Development&
Services Finance Communications
Promotions
Manager "'"L
„_
Fro�ect Manager Manager Manage+ Specialist
•ti
Development 1 \
ServicesJ Business Promotions&
Specialist Marketing Coordinator
(unfunded)
�_ l
BOYNTON BEACH CRA
POSITION CLASSIFICATIONS & SALARY RANGES
FY 2023-2024
POSITION FLSA(b) MINIMUM MID-POINT MAXIMUM
Executive Director E $ 140,000 $ 175,000 $ 210,000
2 Assistant Director E $ 110,000 $ 120,000 $ 160,000
3 Finance Director E $ 90,000 $ 120,000 $ 150,000
4 Accounting and Finance Manger E $ 60,000 $ 87,500 $ 115,000
5 Development Services Manager E $ 65,000 $ 95,000 $ 125,000
6 Development Services Specialist E $ 50,000 $ 67,500 $ 85,000
7 Business Development and Promotions Manager E $ 60,000 $ 85,000 $ 110,000
8 Business Promotions & Marketing Coordinator E $ 50,000 $ 60,000 $ 75,000
9 Social Media Communications Specialist E $ 50,000 $ 60,000 $ 80,000
10 Grants and Project Manager E $ 55,000 $ 80,000 $ 105,000
11 Administrative Assistant E $ 50,000 $ 65,000 $ 80,000
(b) FLSA= Fair Labor Standard Act; E=Exempt; N=Non-exempt