Agenda 09/13/2022 Item #16B 2 (CRA Budget Amendments)09/13/2022
EXECUTIVE SUMMARY
Recommendation that the Board of County Commissioners, acting as the Community
Redevelopment Agency, authorize necessary budget amendments to recognize carryforward in
Bayshore CRA Fund (187) and Immokalee CRA Fund (186), transfer those moneys along with
reserve balances into Bayshore CRA Capital Fund (787) and Immokalee CRA Capital Fund (786),
and appropriate those funds 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 Fund (186) reserves of $30,300 and unappropriated carry forward of $334,000
totaling $364,300 will be transferred to Immokalee Capital Fund (786) and budgeted in projects as
follows:
Project/Program Budget
Immokalee Neighborhood Revitalization 200,000
Immokalee South Sidewalk 164,300
Total 364,300
For Bayshore CRA Fund (187) reserves of $100,000 and unappropriated carry forward of $965,900
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totaling $1,065,900 will be transferred to Bayshore Capital Fund (787) and budgeted in projects as
follows:
Project/ProgramBudget
17 Acre Site 365,900
Mini Triangle TIF Rebate 600,000
Housing 100,000
Total 1,065,900
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is approved as to
form and legality and requires majority vote for Board approval. -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, authorizes necessary budget amendments to recognize carryforward in Bayshore
CRA Fund (187) and Immokalee CRA Fund (186) transfer those moneys along with reserve balances into
Bayshore CRA Capital Fund (787) and Immokalee CRA Capital Fund (786), and appropriate those funds
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.2
Doc ID: 23169
Item Summary: Recommendation that the Board of County Commissioners, acting as the
Community Redevelopment Agency, authorize necessary budget amendments to recognize carryforward
in Bayshore CRA Fund (187) and Immokalee CRA Fund (186), transfer those moneys along with reserve
balances into Bayshore CRA Capital Fund (787) and Immokalee CRA Capital Fund (786), and
appropriate those funds into specific projects pursuant to the Community Redevelopment Plan.
Meeting Date: 09/13/2022
Prepared by:
Title: –
Name: Debrah Forester
08/25/2022 1:52 PM
Submitted by:
Title: –
Name: Debrah Forester
08/25/2022 1:52 PM
Approved By:
Review:
Corporate Business Operations Jennifer Reynolds Stage 1 Review Completed 08/25/2022 3:53 PM
Tourism Kelly Green Stage 1 Review Completed 08/29/2022 11:01 AM
Unknown Debrah Forester Director - CRAs Completed 08/29/2022 1:33 PM
County Attorney's Office Jeffrey A. Klatzkow Level 2 Attorney Review Completed 08/30/2022 9:24 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 08/30/2022 9:25 AM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 08/30/2022 9:56 AM
County Manager's Office Ed Finn Additional Reviewer Completed 08/30/2022 1:11 PM
Office of Management and Budget Christopher Johnson Additional Reviewer Completed 09/02/2022 4:45 PM
County Manager's Office Dan Rodriguez Level 4 County Manager Review Completed 09/06/2022 12:53 PM
Board of County Commissioners Geoffrey Willig Meeting Pending 09/13/2022 9:00 AM
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