Agenda 09/12/2023 Item #16L 3 (Authorize BA to recognize carryforward in Bayshore CRA fund and Immokalee CRA Fund)09/12/2023
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 (1020)
and Immokalee CRA Fund (1025), transfer those moneys along with reserve balances into Bayshore CRA
Capital Fund (1021) and Immokalee CRA Capital Fund (1026), 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 (ICRA).
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 Redevelopment Trust Fund after the payment of expenses 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 projects pursuant to the approved Community Redevelopment Plan will achieve
compliance with Section 163.387(7), Florida Statutes, and allow the continued implementation of the Community
Redevelopment Plan, which includes significant investments in large scale infrastructure projects, such as the
reconstruction of Bayshore Drive in the Bayshore CRA and Main Street in the ICRA.
FISCAL IMPACT: Bayshore CRA Project Fund (1021) and Immokalee CRA Project Fund (1026) have been
established to budget for Collier County CRA projects. The budget actions will allocate funds to projects consistent
with the approved Community Redevelopment Plan.
For Bayshore CRA Fund (1020), reserves of $15,500 and unappropriated carry forwar d of $1,449,600 totaling
$1,465,100 will be transferred to Bayshore Capital Fund (1021) and budgeted in projects as follows:
Project/Program Budget
N. Bayshore Enhancement 1,000,000
Stormwater 465,100
Total 1,465,100
For Immokalee CRA Fund (1025), reserves of $53,100 and unappropriated carry forward of $1,232,400 totaling
$1,285,500 will be transferred to Immokalee Capital Fund (1026) and budgeted in projects as follows:
Project/Program Budget
Commercial Grants 85,000
Main Street 500,000
Neighborhood Revitalization 500,000
Parks & Rec Partnership 200,500
Total 1,285,500
16.L.3
Packet Pg. 1334
09/12/2023
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, authorize necessary budget amendments to recognize carryforward in Bayshore CRA Fund (1020) and
Immokalee CRA Fund (1025), transfer those moneys along with reserve balances into Bayshore CRA Capital Fund
(1021) and Immokalee CRA Capital Fund (1026), and appropriate those funds into specific projects pursuant to the
Community Redevelopment Plan.
Prepared by: Gregory J. Oravec, CRA Director
Charles Kammerer, Budget Analyst II, Corporate Financial & Management Services
16.L.3
Packet Pg. 1335
09/12/2023
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.L.3
Doc ID: 26532
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 (1020) and Immokalee CRA Fund (1025), transfer those moneys along with reserve balances into Bayshore
CRA Capital Fund (1021) and Immokalee CRA Capital Fund (1026), and appropriate those funds into specific
projects pursuant to the Community Redevelopment Plan.
Meeting Date: 09/12/2023
Prepared by:
Title: Operations Coordinator – Bayshore CRA
Name: Shirley Garcia
09/01/2023 4:55 PM
Submitted by:
Title: – Corporate Business Operations
Name: Greg Oravec
09/01/2023 4:55 PM
Approved By:
Review:
Corporate Business Operations Charles Kammerer Stage 1 Review Completed 09/05/2023 8:08 AM
Corporate Business Operations Jennifer Reynolds Stage 1 Review Completed 09/05/2023 10:05 AM
Corporate Business Operations Greg Oravec Director - CRAs Completed 09/05/2023 2:56 PM
County Attorney's Office Jeffrey A. Klatzkow Level 2 Attorney Review Completed 09/05/2023 3:08 PM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 09/05/2023 3:08 PM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 09/05/2023 3:14 PM
Office of Management and Budget Christopher Johnson Additional Reviewer Completed 09/06/2023 3:59 PM
County Manager's Office Amy Patterson Level 4 County Manager Review Completed 09/06/2023 4:22 PM
Board of County Commissioners Geoffrey Willig Meeting Pending 09/12/2023 9:00 AM
16.L.3
Packet Pg. 1336