Agenda 09/14/2021 Item #16B 3 (Budget Amendment to recognize carryforward in the Bayshore CRA and Immokalee CRA Funds)09/14/2021
EXECUTIVE SUMMARY
Recommendation that the Board of County Commissioners, acting as the Community
Redevelopment Agency Board, authorize necessary budget amendments to recognize carryforward
in Bayshore CRA Fund (187) and Immokalee CRA Fund (186) and transfer those moneys along
with capital reserve balances into Bayshore CRA Capital Fund (787) and Immokalee CRA Capital
Fund (786), and appropriate those funds plus the reserves in Bayshore CRA Capital Project Fund
(787) into specific projects pursuant to the Community Redevelopment Plan.
OBJECTIVE: To ensure compliance with 163.387(7) Florida Statutes by appropriating funds to specific
projects pursuant to the approved community redevelopment plan for the Bayshore Gateway Triangle
Community Redevelopment Area (Bayshore CRA) and Immokalee Community Redevelopment Area
(CRA).
CONSIDERATIONS: Section 163.387(7), Florida Statutes, requires that on the last day of a CRA’s
fiscal year, any moneys remaining in the CRA’s trust fund after the payment of expenses pursuant to State
law shall be:
• Returned to each taxing authority which paid the increment in the proportion that the amount of
the payment of such taxing authority bears to the total amount paid into the trust fund by all
taxing authorities for that year.
• Used to reduce the amount of any indebtedness to which increment revenues are pledged.
• Deposited into an escrow account for the purpose of later reducing any indebtedness to which
increment revenues are pledged.
• Appropriated to a specific redevelopment project pursuant to an approved community
redevelopment plan. The funds appropriated for such project may not be changed unless the
project is amended, redesigned, or delayed, in which case the funds must be reappropriated
pursuant to the next annual budget adopted by the Board of Commissioners of the community
redevelopment agency.
Appropriating funds to specific redevelopment plan projects pursuant to the approved community
redevelopment plan will assist in achieving compliance with Section 163.387(7), Florida Statutes and
allow the continued implementation of the community redevelopment plan.
FISCAL IMPACT: Bayshore CRA Fund (787) and Immokalee CRA Fund (786) have been established
to budget for Collier County CRA projects. The budget actions will allocate funds to projects consistent
with the approved redevelopment plan.
For Immokalee CRA, in Fund (186) reserves of $974,300 and unappropriated carry forward of $477,400
totaling $1,451,700 will be transferred to Immokalee Capital Fund (786) and budgeted as follows:
Project/Program Budget
Main Street Corridor 423,700
Stormwater 278,000
South Immokalee Sidewalk 250,000
First Street Corridor 250,000
Neighborhood Revitalization Community Safety 100,000
Parks and Recreation Partnership 50,000
Commercial Rehab Grants 100,000
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Total 1,451,700
For Bayshore CRA, in Fund (187) reserves of $1,380,500 and unappropriated carry forward of
$1,649,800 totaling $3,030,300 will be transferred to Bayshore Capital Fund (787). That $3,030,300
transfer along with reserves of $1,500,000 in Bayshore Capital Fund (787) will be budgeted in projects as
follows:
Project/Program Budget
17 Acre Site 1,698,000
Linewood Beautification 450,000
North Bayshore Dr Renovation 750,000
General Road Improvements 500,000
Public Art Funding - art pieces and events 100,000
Stormwater Program 1,032,300
Total 4,530,300
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is approved for
form and legality and requires a majority vote for Board acceptance. -JAK
GROWTH MANAGEMENT IMPACT: There is no impact to the Growth Management Plan.
RECOMMENDATION: That the Board of County Commissioners, acting as the Community
Redevelopment Agency Board, authorizes necessary budget amendments to recognize carryforward in
Bayshore CRA Fund (187) and Immokalee CRA Fund (186) and transfer those moneys along with
capital reserve balances into Bayshore CRA Capital Fund (787) and Immokalee CRA Capital Fund (786),
and appropriate those funds plus the reserves in Bayshore CRA Capital Project Fund (787) into specific
projects pursuant to the Community Redevelopment Plan.
Prepared by: Debrah Forester, CRA Director
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COLLIER COUNTY
Board of County Commissioners
Item Number: 16.B.3
Doc ID: 17640
Item Summary: Recommendation that the Board of County Commissioners, acting as the
Community Redevelopment Agency Board, authorize necessary budget amendments to recognize
carryforward in Bayshore CRA Fund (187) and Immokalee CRA Fund (186) and transfer those moneys
along with capital reserve balances into Bayshore CRA Capital Fund (787) and Immokalee CRA Capital
Fund (786), and appropriate those funds plus the reserves in Bayshore CRA Capital Project Fund (787)
into specific projects pursuant to the Community Redevelopment Plan.
Meeting Date: 09/14/2021
Prepared by:
Title: – County Manager's Office
Name: Debrah Forester
08/02/2021 4:44 PM
Submitted by:
Title: – County Manager's Office
Name: Debrah Forester
08/02/2021 4:44 PM
Approved By:
Review:
Corporate Business Operations Jennifer Reynolds Stage 1 Review Completed 08/03/2021 9:27 AM
Tourism Kelly Green Stage 1 Review Completed 08/04/2021 10:26 AM
County Manager's Office Debrah Forester Director - CRAs Completed 08/04/2021 11:18 AM
County Attorney's Office Jeffrey A. Klatzkow Level 2 Attorney Review Completed 08/04/2021 3:25 PM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 08/04/2021 4:00 PM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 08/05/2021 9:56 AM
Office of Management and Budget Susan Usher Additional Reviewer Completed 09/08/2021 4:29 PM
County Manager's Office Sean Callahan Level 4 County Manager Review Completed 09/08/2021 4:58 PM
Board of County Commissioners Geoffrey Willig Meeting Pending 09/14/2021 9:00 AM
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