Agenda 09/28/2010 Item #16B 2
Agenda Item No. 1682
September 28,2010
Page 1 of9
EXECUTIVE SUMMARY
Recommendation that the Community Redevelopment Agency (CRA) approves a Resolution
authorizing an amendment to the Bayshore Gateway Triangle CRA Redevelopment Plan Capital
Improvement Program schedule to include the proposed "Gateway Triangle Stormwater Pond
Pathway" project to comply with Florida Recreation Development Assistance Program grant
application requirements. Companion to Item 16B1.
OBJECTIVE: To approve a Resolution authorizing the Community Redevelopment Agency (CRA)
authorizing an amendment to the Bayshore Gateway Triangle CRA Redevelopment Plan Capital
Improvement Program schedule to include the proposed "Gateway Triangle Stormwater Pond Pathway"
project to comply with Florida Recreation Development Assistance Program grant application
requirements.
BACKGROUND: Phase II of the Gateway Triangle Stormwater Pond is nearing completion and the
Bayshore Gateway Triangle CRA Advisory Board plans to install a park-like walking path (public
amenity) for the local neighborhood residents. The CRA has submitted a 2011-2012 Florida Recreation
Development Assistance Program (FRDAP) Application in the amount of S200,000.00 for Board of
County Commissioners and CRA Board approval.
The FRDAP Grant is a competitive process. To receive maximum points, the application requires:
I) A letter from the agency's chief administrator certifying the five year capital improvement
schedule is officially adopted, the date adopted and a copy of Capital improvements schedule.
OR
2) A copy of a fully executed resolution amending the existing schedule to include the proposed
project. Designate proposed project by name, date and year.
CONSIDERATIONS: The CRA Redevelopment Plan was adopted on June 13, 2000, and as such,
Section 5.11 "Program of Public Expenditures" (Capital Improvement Program) did not envision the
Triangle Stormwater Pond or the potential public amenity it could provide. Section 5.1 I does include a
line item for neighborhood parks to be funded by grants/local match; however it does not detail project
names or specific funding amounts (Exhibit A).
To meet the application criterion stated above, the CRA Executive Director will submit a letter
certifying the adoption of the CRA Redevelopment Plan and Capital Improvement Plan; however
without the project being specifically identified by name, maximum points cannot be achieved.
Therefore a CRA Resolution amending Section 5.1] of the Redevelopment Plan and identifying the
"Gateway Triangle Stormwater Pond Pathway" with dedicated CRA Trust Funds is needed.
FISCAL IMPACT: None. Sufficient Bayshore/Gateway Triangle CRA tax increment revenues are
available to match the grant application, if awarded.
GROWTH MANAGEMENT IMPACT: Policy 4.7 of the Future Land Use Element of the Growth
Management Plan states that redevelopment plans may be developed for specific areas within the
County, including the Bayshore Gateway Triangle CRA.
Agenda Item No. 1682
September 28, 2010
Page 2 of 9
LEGAL CONSIDERATIONS: This is legally sufficient for Board action. (STW)
RECOMMENDATION: That the CRA approves a Resolution authorizing an amendment to the
Bayshore Gateway Triangle CRA Redevelopment Plan Capital Improvement Program schedule to
include the proposed "Gateway Triangle Stormwater Pond Pathway" project to comply with Florida
Recreation Development Assistance Program grant application requirements.
Prepared by:
David L. Jackson on September 16,2010
Executive Director, Bayshore/Gateway Triangle Community Redevelopment Agency
Agenda Item No. 1682
September 28,2010
Page 3 of9
COLLIER COUNTY
BOARD OF COUNTY COMMISSIONERS
Item Number:
Item Summary:
16B2
Recommendation that the Community Redevelopment Agency (CRA) approves a Resolution
authorizing an amendment to the Bayshore Gateway Triangle CRA Redevelopment Plan
Capital Improvement Program schedule to include the proposed Gateway Triangle
Stormwater Pond Pathway project to comply with Florida Recreation Development
Assistance Program grant application requirements. Companion to Item 1681.
9/28/20109:00:00 AM
Meeting Date:
Prepared By
David Jackson
Executive Director. eRA
Date
9/16/2010 5:47:51 PM
Approved By
David Jackson
Executive Director, eRA
Date
9/20/2010 12:36 PM
Approved By
OMS Coordinator
Date
County Manager's Office
Office of Management & Budget
9/20/201012:47 PM
Approved By
Steven Williams
Assistant County Attorney
Date
County Attorney
County Attorney
9/20/20102:24 PM
Approved By
Mark Isackson
Management/Budget Analyst, Senior
Date
Office of Management &
Budget
Office of Management & Budget
9/21/20103:17 PM
Agenda Item No. 1682
September 28,2010
Page 4 019
CRA RESOLUTION NO. 10 -
A RESOLUTION OF HIE COLLIER COUNTY
COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE FILING OF AN FY2010-20II
FLORIDA RECREA TION DEVELOPMENT
ASSISTANCE PROGRAM (FRDAP) GRANT FOR
BA YSHORE GA TEW A Y TRIANGLE CRA;
AMENDING THE CRA REDEVELOPMENT PLAN
CAPITAL IMPROVEMENT PLAN TO INCLUDE
THE GATEWAY TRIANGLE STORMWATER POND
PATHWAY PROJECT; TO PROVII)E NECESSARY
FUNDS TO COMPLETE THE PROJECT; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Florida Recreation Development Assistance Program (FRDAP)
program is one of the major Parks and Recreation Grant programs provided through the Florida
Department of Tn vir on mental Protection: and
WHEREAS, the deadline date to submit the grant application is September 30, 2010;
and
WHEREAS, the project site land is a set of County-owned parcels located in the
Gateway Triangle that currently contains a stormwater drainage facility: and
WHEREAS, the Local CRA Advisory Board has developed a plan !()r recreational
enhancement improvements to the Gateway Triangle Stormwater Pond and recommends a
rRDAP application; and
WHEREAS, a grant fi'OIn the FRDAP progt'3m would enable the CRA to realize the
project: and
WHEREAS, the FRDAP application requires a commitment of support by the CRA
through amendment to the Redevelopment Plan; and
WHEREAS, the Redevelopment Plan's Capital Improvement Plan will be revised to
incorporate the Gateway Triangle Stormwater Pond Pathway.
NOW, THEREFORE, BE IT RESOLVED BY THE COLLIER COUNTY
COMMUNITY REDEVELOPMENT AGENCY that:
I. The Community Redevelopment Agency (CRA) Board commits its support of an application
Illr a Florida Department of Environmental Protection's Florida Recreation Development
Assistance Program (FRDAP) grant in an amount up to $200,000.
Agenda Item No. 1682
September 28, 2010
Page 5 of 9
2. The CRA Executive Director is hereby authorized to submit a grant application for the
FRDAP grant to develop the Gateway Triangle Stormwater Pond Pathway.
3. The CRA Board authorizes use ofCRA Trust Funds and staff in-kind services for the design,
construction and maintenance ofthe improvements.
4, Effective Date. This ~esolution shall become effective immediately upon passage and
adoption, This Resolution adopted after motion, second and majority vote this 28th day of
September 20 I O.
ATTEST:
DWIGHT E BROCK, Clerk
COMMUNITY REDEVELOPMENT
AGENCY OF COLLIER COUNTY,
FLORIDA
By:
Deputy Clerk
By:
DONNA FIALA, CHAIRMAN
Approved as to Form and Legal Sufficiency
Steven T. Williams 51"P
Assistant County Attorney ~(:llllt
I EXHIBIT-tl-I
. Olher matters affecting the physical and social quality of the neighborhood: The proposed
!lICIeY8IOpment and neighborhood locus IlClivItilI6 should no! produc:e lII1y negative impacts on
olh8r aspec:lIl of the physic:aI and social quality 01 the surrounding areas,
Agenda Item No. 1682
September 28, 2010
Page 6 of 9
SectIon 5.11
Progrut of PublIc Expend....
PMIe 1- Y_1.a
ThiB eection foCI_s on the publiC SecIOr in..-. ,...r1l COllIs .-ld lIlUC8S oIlunds to cany out the Phase I
impro\Iem8nla for1he ~ TrilIngle Rede'l8lclllft~ ~ DIee1..'on of the mech8nlams
for I11811B11ing and pecking C8pIIaIlm.lIStmeI.tII and the CRA I'lld4Mllopment financing slrategy Is provided
in SectIon 2 0I1hIs plan.
TAX INCREMENT PROJEC11ONS
Tax increment Is equivaIenlto the revenue that will result fIOm application 01 the ad valorem millage
to the change in 1he 1axIIbIe __ 01 property. Aa value 01 properly ri8es clue to recleV8lopment
irl1lestmellls, IncI'8T -<f property taxes that I1lSUII wi. be available to repay the public Infrastructure C061S
;IsocIaI8d ... reclIMllopmenI.
As redevelopment projec;t8 are oompletecl, growth 01 the taxable base wiD accelerate over the firsl
fM! YWIS aIler ~. 01 the redevelophl8l11 pIIIn. Within 10 years, the recleveIopment pllm identifies
IalaIbIe praj8ctB that wtlI result In a net h ICo use to valullIion 01 about S90 million. The annual growth of
r8llel1U88 allrt:JUIIIbIe to these projads wII also acceIerale during the first live years. and by the tenth
yMr wtlI be contrIlUIIng over $400,000 per year to the lax h lCI'll/TI8nt fund. In ad(ition, improvements to
the existing $300 million lax base will grow slB8dily and by the tenlh year can be expect8d to contribute
abOuI $266,000 per year 10 th6 laX Inaement 1tnI. By th6 tenth year. these combined l1lY8Oues will
r8ld in nearty $700,000 annL8ly being depos/I8cl to the laX increment 1tnI.
Aller the tenth year, eedl year's revenue wi! conlmuB 10 rise, ~ RIlIChlng over $1 minion per
yeer by the twentieth year and peaking at ~ $1.5 mMon per year before the laX increment fund
ellpires at the lhIrtielh year. Over the 30 year IIIe 01 the reclewIopment InJSt funeS, incremenIaI ~es
deposited to thll lax Increment fund willoIal over $25 milion. These _~ can be spent as they
accumulate. Ho..II...r. the common prac:lice among redevelopment agencies is to ilMlSt In capital
ImplOVllmelols tlIlIty in the redewlopmenl process using borTowecI money that will be repaid by the tax
increment revenue stream.
,.~ of 11'ld8bt*'_
If the NdI,oeIopment agency were to borrow against the lncR!ment rewnue stream in Older to accelerate
capIlal inIprovements. It would be impol'Iant to know the net pIf1S8IJI tIlIIue 01 the incnlmenl revenue
Slnlam. AslIun*lg a 6"4 discount .., th6 net preaent value 01 the 3O-year ~ stream Is rwarty $9
mllon. In other words. If lndebledlleas 01 ....rty $9 million were incurred in year one, its repayment
could be suppol18d wllh the expec;18d 3O-year I'8V8nU8 sIr8am. (There are many other ways in whlch
capltaI bonowing could be structured. For 8XMlple, if $6.3 mlllon WW8 bOl.v_w In year OIle, it could be
I8p8id in 20 ywrs, allowtng anoIher $8.6 mIIon ID be borro Ollie! in )'8lII' 20 and repeid in ten years.)
Increment revenues .. CO/lnnonly combllled wllh other funds to finance infraBIruclure needed lor
rede"l9lopmenl. When caplIal borrowing occurs, Ill-. _rat sources 01 ~ are often pledged
9lI
I EXHIBIT-Ll
Agenda Item No. 1682
September 28,2010
Page 70f9
toge1her to obtain the best possible financing tenns. By combining severaJ I8V8IlU8 lKUCeS. the size of
a revenue bond may be larger than the amount indicated by the net present value of the Increment
revenue stream alone.
LocaJ expenditul85 directly related to the Bayshore and Gateway Triangle redevelopment plan would include:
$ Street. streetscape,lr8ffic calming, and partclng Improvements.
$ Neighborhood park development.
$ Ac:qUisltfon of land for redevelopment.
$ land acquisition. construction. and financing support tor affordable housing.
$ The Triangle Stormwater Management Plan
$ The Haldeman Creek and Canal System Dredging Plan.
EJCpendllures directly related to Implementation of the approved redevelopment plan may be funded with
increment revenues, or funded by Indebtedness which increment revenues have been pledged to repay.
In the later case. the increment revenue plojec;tions that have been pl'Ollided will serve as a guide to 1he
amount of repayment schedule of such indebtedness.
Table 2
Program of Public ExpMldlturM
TrIa~" I Funcllna Sources
11 nF I
land Acauislion TBOL GrantslCOBG
Penn' . ment Fees TBDL Pirvate
Road I TBDl Granl&f8taI8IIoc
Stonnwater Management $2,790,000 TBDl GremtIprivataeIMS
lmorovements BU
Business Relocations TBDl PrivaIe
ling TBDl Grantslprivate
Environmental Assessment TBDL Grantslprivale
Site Cleaino TBOL GrantsIprivate
Develoment Aareement TBOL
-1'IexOfrIcIIfW~
Stormwater Manaaement TBDL MSBUlgranls
land Acouistion TBOL Prlvate
Environmental Assessment TBOL Granls
Business Relocation TBOL
Site DevelOOment TBOL
Road Imorovements TBDL f>rlvateIgrns
Permillin ment Fees TBDL
~
99
,....__..._-_..~,..._._--",._.._....".-.._.._"'_.,,-
Agenda Item No. 1682
September 28, 2010
Page 8 of9
TIIbIe Two ContInued
PC8nt8r nF 0tMr
land Acaulstlon TBOl
Roedl nls TBOl Gl1In1IIIIocalIpriva18
BusinesS ReIoca1Ion TBDL G te
Pe~ entfees 180l e
~ntaI AssttS'nellt 180l Granls/private
Site ment 1801.. Prillll!e/granls
~~
OverlaY General Fund
Penn . en! Fees TBDL
pliliCiiiQfriiOrovements 180L
Haldeman Creek lmorovements $1.250,000 180L MSBU
US41
OverlaY 180L General Fund
1801.. StaIe/locaVgranst
Davta Blvd.
SlreelIlghlIng TOOL S1at8llocellgranstl
MSTU
Zenina OverlaY TBOL General Fund
Be Drive
La $1,300,000 TBOI MSTU
Focus InltllltMt
Land A . .. 180L Grants
SIte=ent TBDL Grants
Permitti Fees 180L Grants
Road I 1801.. Granlsllocal
La 180L Granls/MSTUIIocaI
Sidewalks TBOL Granls/MSTUIIocal
~tiCM1 TBOl GranIsI\.1STU
TBOL Grantslloc:allstale
InfiU houslna constlUclion TBDl Grant&llocallstale
Stormwater Management TBDl MSBUIgrants
I nts
NeiQhborhood Gateway Features TBDl MSTU
Neiahborhood Parks TBOL Granlsllocal
BotanicIII Gardens
Ma . TBOL Grants
~~n! TOOL Private
ntFees TOOL private
TBDL = To Be Detennined later
100
Agenda item No. 1682
September 28,2010
Page 9 of 9
SeetIon 5.11
V8IlIIIIIon
The current tax base 01 the BayshorelGateway Triangle area, based on tax assessment data from the
Collier County Property Appraiser's 0IIIce Is provided on Table 2. The tax increment projectlollS
proposed on Table 2 11I8 based on ellJMlcl8d redevelopment projects to lake place within the area. A
detailed analysis of the projections are Include In Appendix E.
Ex,.,cmd I8deJ1llopment
RedlMllopment In the BayshorelGateway Triangle RedevelOpment area is expected to include lour
major catalyst projects plus related residential dlMllopment. This development will include:
$ A 250 room hotel and 12,000 square loot restaurant In the Triangle
$ 67.200 square feet 01 flex-office space on Commercial Drive
$ An enl8rlainment center on Haldeman Creek to include 35.475 square feet of commercial
dIMllopment and 62 residential units
$ A town center at Gulfgate Plaza to include 182,350 square feet of commercial development.
$ 387 residential units in Naples Plaza. Wild Pines. Wll'1dstar, Shadowlawn, and Bayshore.
IdentiIied redevelopment, Including related residential development is expected to include 449
residential units, 229,825 square feet of co",merdalspace, 67,200 square feet of flex-offlce space, and
250 hotel rooms, having a totaJ value of about $95 million. In addition to identified projects, it can be
expected that the existing $300 million taxable base will grow steadily due to the lavorable investment
climate created by redevelopment, adding anoCher $6 million per year to the taxable base.
AX DtFFERENTIAL ANA1. YSIS
BAYllHORe.<GATEWAY FROZEn COUln'Y-wIDE -- CIIIlIlIIIItIft
YEAR TAXAIN E VALUE TAX IIAlIE lIlCIII!III!NT "L.LAGE Tu Increl....lt Ta h_..meI1t
1_ $3211,261.4281 $320.281.428 $0 4.0261 $0 $0
2llOO $328.088.7lIUf $320.281.428 $7.802,272 4.0261 $29,841 $29.841
2001 $334.793,2131 $320.281,428 $14.531.785 4.0261 $55,580 $85,421
2002 $377,794.4471 $320.281,428 $57.533,019 4.0261 $220.047 $305._
2003 $405.391.l5:JaI $320.261.428 $85,130,205 4.0261 $325,597 $631,065
2004 $418.831.482 $320.261,428 $98,570,os. 4.0261 $377.001 $1.1108,086
$0
2Oll5 $452.187.098 $320.261.428 $131,ll25.67C 4.0261 $504,576 $504.576
:!Oll8 $481,654.842 $320,261,428 $141,393,214 4.0261 $540,787 $1.045,363
2007 $471.207,783 $320.261,428 $150,946,355 4.0261 $577.325 $1.622.688
:!Oll8 $4llO,ll49,091 $320.261.428 $180,587,883 4.0261 $614,20() S2.236,81l8
2009 $0490,581,210 $320,261,428 $170,319,782 4.0261 $651.422 $2,_,310
2010 $5Oll._.864 $320.261,428 $180,146,436 4.0261 $889.002 $3,577.312
Scenario A88umptione 01 ~y TrWlgIe eRA
1. I'ral8n TIIX ea.. As&u'nes the CornnulIly Rada .Il....""" Plan Is adapIed In June 2llOO wiIh a frozen TIIX Elll8a Y8Iue from
tha 1999 Tax RaIa.
2. CoIny-wicIa ~ RaIe Is basad on FY99/OO General Revenue RaIe '" 3.5058 and tha Unincoq>o._ Rata of .5203
3. Annual ~ Y8Iue Incnoase Is _ on 2% growth rata I*Ia Inc_'" to ptOjecIs bek1g del.alOl"'d In the area.
4. Annual Tax 1""...._. _ue is 95% '" Total TIIX 1...- -.....
101