R22-128 1
2 RESOLUTION R22-128
3
4 A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA
5 RATIFYING THE 2022-2023 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
1 1 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\Budget12022-2023 Budget\Ratify CRA Budget(2022-23)-Reso.Docx
1 ratifies the adoption of the Boynton Beach Community Redevelopment Agency's 2022-2023
2 Annual Budget.
3 Section 3. This Resolution shall become effective immediately upon passage.
114
4 PASSED AND ADOPTED this °oar day of September, 2022.
5
6 CITY OF BOYNTON BEACH, FLORIDA
7
8 YES NO
9
10 Mayor—Ty Penserga
11
12 Vice Mayor—Angela Cruz ✓
13
14 Commissioner—Woodrow L. Hay
15
16 Commissioner—Thomas Turkin 7._
17
18 Commissioner—Aimee Kelley
19
20 VOTE 0
21
22
23
24 ATT
25
26 Mk_ (10 /
27 Maylee •e -.us, MPA...MC -r„agi 1
28 City Cler oTON"„N`‘, ayor
29 1 •••pRAT
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S ; ! S �1i31 (Corporate e.I IU i32 • C�33 192...•'• Michael D. Cirullo,Jr.
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34 ..�'•:,c:'0 • City Attorney
35
36
S:\CA\RESO1Budget\2022-2023 Budget\Ratify CRA Budget(2022-23)-Reso.Docx
RESOLUTION NO: R22-02
RESOLUTION OF THE BOYNTON BEACH COMMUNITY REDEVELOPMENT
AGENCY ADOPTING A BUDGET FOR THE FISCAL YEAR OCTOBER 1, 2022
TO SEPTEMBER 30, 2023, AND PROVIDING AN EFFECTIVE DATE.
WITNESSETH:
WHEREAS, the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY
(BBCRA), in order to implement its Community Redevelopment Plan and provide for its
operating expenses, has prepared a Budget for the Fiscal Year beginning October 1,
2022 and ending September 30, 2023, attached hereto as Exhibit "I"; and
WHEREAS, the Board has determined that said Budget is in the public's interest
and is necessary to implement the BBCRA's goals and objectives.
NOW, THEREFORE, BE IT RESOLVED THAT:
1. The Budget attached hereto as Exhibit "I" for financial operations of the Boynton
Beach Community Redevelopment Agency for the period from October 1, 2022
through September 30, 2023 is hereby adopted.
2. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 13th day of September, 2022.
BOYNTON BEACH COMMUNITY
REDEVELOPMENT AGENCY
By: t / 9 /3/�Lz
Teleji rga;-Chair
T. Penserga
A. Cruz f
W. Hay
T. Turkin V e
A. Kelley ✓
4 Alp'
CAA A
00551570-1
CRA FUNDING/USES FY22/23
Tax Increment Revenue (increased in future years by
estimated TIR from Ocean One) 18,959,450
Boynton Harbor Marina Fuel Dock&Slips Revenue 1,100,000
Fund Balance Surplus 500,000
Total Revenue 20,559,450
Debt&Operating Expenses
Debt Service 2,136,830
Operating Expenses 3,700,701
Marina 1,100,000
Sub-Total Debt&Operating Expenses 6,937,531
Tax Increment Revenue Funding Agreement(TIRFA)
Payments-Contractual Obligations
Seabourn Cove-Phase I (50%- 10 Years) Year 1010. 466,528
Seabourn Cove-Phase II (50%- 10 Years) Year 91. 227,351
Preserve (75%Yrs 1-5; 25% Yrs 6-10) Year 810. 32,983
500 Ocean(75%Yrs 1-4; 50%Yrs 5-7; 25%Yrs 8-10) Year 410. 578,087
Valley Bank-Mortgage for Oyer Property Year 1► 2,550,000
Ocean One - Phase One (75%Yrs 1-7; 50%Yr. 8)
Ocean One- Phase Two (75% Yrs 1-7; 50% Yr. 8)
Townsquare Funding (until FY 2044-2045) Year 40. 3,550,000
Sub-Total TIRFA Payments 7,404,949
Remaining Project Fund Budget for Allocation
(Revenue-Debt Service,Operating &TIRFA) 6,216,970
Total CRA contribution to Town Square
over 20 years =$83,850,000
NOTE: Database from Property Appraiser received on 6/30/2022
BBCRA FISCAL YEAR 2022-2023 PROJECT FUND WORKSHEET
Allocation Amount $ 6,216,970
Estimated
FY 21/22 Rollover Project Fund Line Item
CRA Plan District Projects: FY 2022-2023 Balances as of CRA Board Proposed Allocation Total
B 29'20)2 FY 22/23 (including any Rollover
Project Fund Allocations as of 8/29/2022)
MLK Jr.Blvd.Corridor Redevelopment Projects (includes$25k for NOP Office)$2,025,815-
Heart of Boynton issued a purchase order $ - $ -
MLK Jr.Blvd.Corridor(Centennial Project)-Local Government Match(Purchase Order
Heart of Boynton issued) $ - $ - $ -
Heart of Boynton Joint Infrastructure Projects(MLK Streetscape) $ 200,000 $ 200,000
Cottage District Workforce Housing Infill Redevelopment Project -budgeted but can
Heart of Boynton change pending agreement with Pulte $ 385,825 $ - $ 385,825
Heart of Boynton Acquisition of 1213 NW 4th Street-Cherry Hill $ - $ 410,000 $ 410,000
Heart of Boynton Future Grocery Store In District 2 $ - $ 200,000 $ 200,000
BB Boulevard Streetscape Improvement Project
Boynton Beach Blvd (Total needed$1.5 million by FY 23/24) $ 1,090,580 $ 409,420 $ 1,500,000
Boynton Beach Blvd Acquisition of 217 N.Seacrest Blvd.-Closing February 2023 $ - $ 770,000 $ 770,000
Federal Highway Historic Woman's Club of BB,ongoing Renovations(ILA with City) $ - $ 250,000 $ 250,000
District Wide Property Acquisition $ 1,800,043 $ 981,904 $ 2,781,947
District Wide Jaycee Park(Assisting City with Construction) $ 250,000 $ 250,000
District Wide Neighborhood Officer Program(NOPs)5th year of program-TEMPORARILY SUSPENDED $ 200,000 $ 297,646 $ 497,646
District Wide Marina Seawall $ - $ 500,000 $ 500,000
District Wide Commercial Economic Redevelopment Grants*($300,000 for 7 bays on MLK) $ 40,558 $ 600,000 $ 640,558
District Wide Commercial Exterior Improvements $ - $ 500,000 $ 500,000
District Wide Business Promotions&Events Assistance Project $ 175,158 $ 300,000 $ 475,158
District Wide Business Promotional Marketing $ 47,000 $ 98,000 $ 145,000
District Wide Site Work,Demolition&Environmental $ 61,236 $ 125,000 $ 186,236
District Wide Professional Development Services(Arch/Eng,Appraisals/Feasibility,etc.)" $ 174,841 $ 100,000 $ 274,841
District Wide Development Project Related Legal Services'""' $ - $ 175,000 $ 175,000
District Wide Contingency $ 90,000 $ 50,000 $ 140,000
$ 4,065,241 $ 6,216,970 $ 10,282,211
ALLOCATION BALANCE REMAINING $ -
Boynton Beach CRA
General Fund -Budget Summary- FY 2022-2023
V FY 2021-2022 2020-2021 vs.Prior Year
FY 2022-2023 Original Amended Increase/(Decrease)
REVENUES Budget Budget Budget Amount %
Tax Increment Revenue(TIF) $ 18,959,450 (a) $ 15,801,715 $ 15,801,715 $ 3,157,735 17%
Marina Rents&Fuel Sales $ 1,100,000 $ 1,000,000 $ 1,000,000 $ 100,000 9%
Fund Balance Surplus $ 500,000 $ 100,000 $ 100,000 $ 400,000 0%
Budget Amendment#1 4/12/2022 $ 1,135,316
Total Revenues $ 20,559,450 $ 16,901,715 $ 18,037,031 $ 2,522,419 12%
EXPENSES
CRA Board&Advisory Board $ 67,150 (b) $ 53,500 $ 53,500 $ 13,650 20%
Administration&Operations
Executive Department $ 532,805 $ 470,985 $ 470,985 $ 61,820 12%
Finance Department $ 252,842 $ 221,532 $ 221,532 $ 31,310 12%
Planning&Development Department $ 210,595 $ 188,037 $ 188,037 $ 22,558 11%
Marketing&Business Development $ 254,967 $ 283,937 $ 283,937 $ (28,970) 0%
Business Promotion and Events Department $ 152,391 $ 131,831 $ 131,831 $ 20,560 13%
Taxes,Employee Benefits, Compensated Absences,Workers
Comp $ 711,751 $ 460,239 $ 460,239 $ 251,512 35%
Sub-Total $ 2,115,351 $ 1,756,561 $ 1,756,561 $ 358,790 17%
Other General Fund Expenses
Insurances $ 265,000 $ 165,000 $ 165,000 $ 100,000 38%
Professional Services $ 234,000 $ 179,500 $ 179,500 $ 54,500 23%
Buildings, Grounds, Maintenance $ 713,700 $ 453,839 $ 453,839 $ 259,861 36%
Information Technology $ 105,500 $ 89,000 $ 89,000 $ 16,500 16%
Contingency $ 200,000 $ 100,000 $ 100,000 $ 100,000 50%
Sub-Total $ 1,518,200 $ 987,339 $ 987,339 $ 530,861 35%
Boynton Harbor Marina Fuel Dock&Slips Expenses $ 1,100,000 $ 1,000,000 $ 1,000,000 $ 100,000 9%
Total General Fund Operating $ 4,800,701 (d) $ 3,797,400 $ 3,797,400 $ 1,003,301 21%
Operating Transfers Out
Transfer to Debt Service Fund $ 2,136,830 $ 2,140,528 $ 2,140,528 $ (3,698) 0%
Transfer to Project Fund $ 13,621,919 $ 10,963,787 $ 12,099,103 $ 1,522,816 11%
Sub-Total $ 15,758,749 $ 13,104,315 $ 14,239,631 $ 1,519,118 10%
Total General Fund Expenses&
Transfers Out $ 20,559,450 $ 16,901,715 $ 18,037,031 $ (242,154) -1%
(a)Property values in CRA up 17%
(b)Increase due to Board Meeting Minutes and ASL
Boynton Beach CRA
Project Fund - Budget Summary
•
2022-2023 2021-2022 2021-2022 vs.Prior Year
Original Amended Increase/(Decrease)
[FUNDING SOURCES Budget Budget Budget Amount I %
1.Rollover FY 2021-2022(see Budget Overview) $ 4,065,241 $ - $ 4,065,241 N/A
$
2.Transfers in from General Fund $ -
Other Financing Sources/Transfers In $ 13,621,919 $ 10,963,787 $ 10,963,787 $ 2,658,132 24%
$
3.Other Revenue/Financing Sources: $ -
1.Budget Amendment#1 4/12/22 $ 1,135,316
$ -
Total Funding Sources/Revenues&Transfers In $ 17,687,160 $ 10,963,787 $ 12,099,103 $ 6,723,373 56%
•
2022-2023 FY 2021-2022 2022-2023 vs.Prior Year
Original Amended Increase/(Decrease)
EXPENSES Budget Budget Budget Amount
Professional&Other Expenses
Contingency $ 140,000 $ 150,000 $ 150,000 $ (10,000) -7%
Professional Services $ 274,841 $ 210,891 $ 210,891 $ 63,950 30%
Legal Services $ 175,000 $ 125,000 $ 125,000 $ 50,000 40%
Sub-Total $ 589,841 $ 485,891 $ 485,891 $ 103,950 21%
Capital Outlay
Property Purchases $ 6,711,947 $ 3,070,764 $ 3,706,080 $ 3,005,867 81%
BBWC Capital Improvements/Marina Seawall $ 750,000 $ 250,000 $ 250,000 $ 500,000 200%
Site Work&Demolition Fees $ 186,236 $ 196,592 $ 196,592 $ (10,356) -5%
Infrastructure&Streetscape $ 5,885,825 $ 7,677,970 $ 8,177,970 $ (2,292,145) -28%
Sub-Total $ 13,534,008 $ 11,195,326 $ 12,330,642 $ 1,203,366 10%
Economic Development&Housing Rehab Program
Economic Development Grant Programs $ 1,140,558 $ 556,600 $ 556,600 $ 583,958 105%
Marketing Program $ 145,000 $ 75,000 $ 75,000 $ 70,000 93%
DIFA-Economic Development S 1,304,949 $ 1,141,500 $ 1,141,500 $ 163,449 14%
Sub-Total $ 2,590,507 $ 1,773,100 $ 1,773,100 $ 817,407 46%
Projects&Programs
Clean&Safe Program(Clean,Police,Code) S 497,646 $ 524,627 $ 524,627 $ (26,981) -5%
Business Promotional Events $ 475,158 $ 765,760 $ 765,760 $ (290,602) -38%
Sub-Total $ 972,804 $ 1,290,387 $ 1,290,387 $ (317,583) -25%
Total Project Fund Expenses $ 17,687,160 $ 14,744,704 $ 15,880,020 $ 1,807,140 11%
Boynton Beach CRA
Debt Service Fund - Budget Summary
FY 2022-2023 FY 2021-2022
Original Amended
Dept.# Funding Source Budget Budget Budget
49900 Transfers In from
General Fund $ 2,135,830 $ 2,140,528 $ 2,140,528
Expenses
Series 2012 (formerly Series 2004& Series 2005A) - PNC Bank
59800-814 Principal $ 1,471,000 $ 1,439,000 $ 1,439,000
59800-824 Interest $ 153,600 $ 190,438 $ 190,438
Sub-Total $ 1,624,600 $ 1,629,438 $ 1,629,438
Series 2015 (formerly Series 2005B) - BB&T
59800-815 Principal $ 435,000 $ 420,000 $ 420,000
59800-826 Interest $ 76,230 $ 90,090 $ 90,090
Sub-Total $ 511,230 $ 510,090 $ 510,090
59800-830 Financial Agent Fees $ 1,000 $ 1,000 $ 1,000
Total Debt Service
Expenses $ 2,136,830 $ 2,140,528 $ 2,140,528
BOYNTON BEACH CRA
FY 2022-2023
BUSINESS PROMOTIONS & EVENTS BUDGET-02-58500-480
2022/2023
EVENTS DATE
BUDGET ADDITIONAL COMMENTS
ROCK THE MARINA&FISHING
EXTRAVAGANZA _ Saturday,November 5,2022 $40,000
735 Casa Loma Boulevard Event Marketing $8,000
Total Rock the Marina&Lionfish Derby $48,000
ROCKIN'AROUND THE BLOCK-HOLIDAY
MARKET Saturday,December 3,2022 $50,000
E.Ocean Avenue between Federal Event Marketing $8,000
Highway and NE 3rd Street Total RockIn'Around the Block Holiday Market $58,000
HOLIDAY BOAT PARADE Friday,December 9,2022 $14,000
735 Casa Loma Boulevard Event Marketing $4,000
Total Holiday Boat Parade $18,000
ROCK THE PLAZA
Ocean Plaza Saturday,January 28,2023 $12,000
One Boynton Day of week could change depending on input from
Thursday,February 23,2023 $12,000 property manager and businesses.
Heart of Boynton Village Saturday,April 29,2023 $12,000
Event Marketing $12,000
Total Rock the Plaza $48,000
BLARNEY BASH Saturday,March 11,2023 $40,000
E.Ocean Avenue between Federal Event Marketing $8,000
Highway and NE 3rd Street Total Blarney Bash $48,000
BOYNTON BEACH ART WALK Saturday,May 20,2023 $15,000
410 W.Industrial Avenue $4,000
Total Boynton Beach Art Walk $19,000
BOYNTON BEACH NIGHT MARKET Saturday,July 29,2023 $40,000
120 E.Ocean Avenue Event Marketing $8,000
Total Boynton Beach Night Market $48,000
BOYNTON BEACH ART WALK Saturday,September 16,2023 $15,000
410 W.Industrial Avenue $4,000
Total Boynton Beach Art Walk $19,000
PIRATE FEST MARKETING&BUSINESS
PROMOTIONAL SUPPORT Date TED $50,000
Downtown District Event Marketing $35,000
Total Pirate Fest Support $85,000
EQUIPMENT&SUPPORT $69,158
CEREMONIAL EVENTS $15,000
Sub-Total Events $384,158
Sub-Total Events Marketing $91,000
TOTAL COST OF EVENTS 0- $475,158
FY 2023
Category QTY Unit Cost BUDGET Notes
Personnel
Officer Salary&Incentive(Paramore) 1 107,945 107,945 Salary,Education Incentive
Officer Benefits-Pension 1 45,081 45,081 Pension
Officer Benefits 1 18,200 18,200 Healthcare,Dental,Vision,FICA
Officer Salary&Incentive°Rivera) 1 88,780 88,780 Salary,Education Incentive
Officer Benefits-Pension I 37,076 37,076 Pension
Officer Benefits 1 16,721 16,721 Healthcare,Dental,Vision,FICA
Officer Salary&Incentive 1 62,659 62,659 Salary,Education Incentive(AVG)
Officer Benefits-Pension 1 18,840 18,840 Pension(AVG)
Officer Benefits I 15,090 15,090 Healthcare,Dental,Vision,FICA(AVG)
Police Service Aide(Civilian)Salary&Incentive 1 36,513 36,513 Salary,Education Incentive(AVG)
Police Service Aide(Civilian)Benefits-Pension 1 10,978 10,978 Pension(AVG)
Police Service Aide(Civilian)Benefits 1 12,883 12,883 Healthcare,Dental,Vision,FICA(AVG)
Total Personnel Costs I $ 470,766
Uniform 4 500 $ 2,000 uniforms,belts
Community Events/Promotions 1 4,000 4,000 Youth Programs
Misc.Equipment-As needed 1 2,500 2,500
Segway(Maintenance) 3 333 1,000 Preventative maintenance
Total Equipment Costs I $ 9,500
Cell Phones Service Plan 4 675 2,700 $56.25/mo for staff
Office Supplies/Misc Supplies 1 2,000 2,000 Office Supplies(incl printer/copier)
Office Electric,Cable/Internet,water/sewage 12 515 6,180 Monthly operating costs
Office Space Monthly Maintenance 12 0 - Monthly Maint.Ocean Palm Plaza
Office Cleaning 1 1,500 1,500 City Cleaning Crew(Gail)
Computer equipment 4 250 1,000 Misc,Cameras
Training 4 1,000 4,000 CPTED,STEP academy
Total Office Expenses I $ 17,380
140.1=1=====M1
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NOTE:All amounts provided by Police Department with exception of Contingency and ILA amount for FY 2022-2023
Revised by CRA to include promotional/marketing materials and additional equipment.
Boynton Beach Community Redevelopment Agency
FY 2022-2023 Budget - Personnel
Personnel
Position FY 2021-2022 FY 2022-2023
No. No.
1 Executive Director 1 1
2 Assistant Director 1 1
3 Finance Director 1 1
4 Accounting and Finance Manager 1 1
5 Development Services Manager 1 1
6 Grants and Project Manager 1 1
7 Business Promotion and Events Manager 1 1
8 Business Promotions & Marketing Coordinator 0 1
9 Social Media Communications Specialist 1 1
10 Administrative Assistant 1 1
Total Personnel 9 10
Boynton Beach CRA Organization Chart FY 2022-2023
CRA Board,
� J
Executive
Director
Administrative
Assistant J
1
Assistant
Director
Finance
•• Director
l J
Development " 'Grants and " 'Accounting & Business Social Media &
Services Project Manager •-Finance —..Promotions & Communications
Manager Manager Events Manager Specialist
J ` J ` J \ J J
rDevelopment
Services Business Promotions &
Specialist Marketing Coordinator
(unfunded)
\ J
---- ---------- J