Agenda 09/10/2024 Item #16L3 (Authorize necessary budget amendments to ensure compliance with 163.387(7) Florida Statutes by appropriating funds to specific projects pursuant to the approved Community Redevelopment)16.L.3
09/ 10/2024
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 (CRA) and Immokalee 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 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.
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 $29,600 and unappropriated carry forward of $411,400 totaling
$441,000 will be transferred to Bayshore Capital Fund (1021) and budgeted in projects as follows:
Project/Program Budget
Stormwater 441,000
For Immokalee CRA Fund (1025), reserves of $53,000 and unappropriated carry forward of $167,700 totaling
$220,700 will be transferred to Immokalee Capital Fund (1026) and budgeted in projects as follows:
Project/Program Budget
First Street 220,700
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is approved as to form
and legality and requires majority vote for 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
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16.L.3
09/ 10/2024
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: Charles Kammerer, Supervisor - Accounting, Corporate Financial & Management Services
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16. L.3
09/10/2024
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.L.3
Doc ID: 29828
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: 09/10/2024
Prepared by:
Title: Management Analyst II — County Manager's Office
Name: Geoffrey Willig
08/30/2024 4:40 PM
Submitted by:
Title: — Bayshore CRA
Name: John Dunnuck
08/30/2024 4:40 PM
Approved By:
Review:
Office of Management and Budget
Corporate Business Operations
Bayshore CRA
Office of Management and Budget
County Attorney's Office
Community & Human Services
County Manager's Office
Board of County Commissioners
Charles Kammerer Stage 1 Review
Jennifer Reynolds
Stage 1 Review
John Dunnuck
Director - CRAs
Debra Windsor
Level 3 OMB Gatekeeper Review
Jeffrey A. Klatzkow
Level 3 County Attorney's Office Review
Maggie Lopez
OMB Reviewer
Amy Patterson
Level 4 County Manager Review
Geoffrey Willig
Meeting Pending
Completed
09/03/2024 7:51 AM
Completed
09/03/2024 9:03 AM
Completed
09/03/2024 9:16 AM
Completed
09/03/2024 10:36 AM
Completed
09/03/2024 11:45 AM
Completed
09/03/2024 5:00 PM
Completed
09/04/2024 10:24 AM
09/10/2024 9:00 AM
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