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Agenda 09/09/2025 Item #16L 2 (Budget Amendments to reallocate funds within Bayshore CRA Project Fund (1021)9/9/2025 Item # 16.L.2 ID# 2025-2807 Executive Summary Recommendation that the Board of County Commissioners, acting as the Community Redevelopment Agency, authorize necessary Budget Amendments to reallocate funds within Bayshore CRA Project Fund (1021) and appropriate those funds into specific projects based on community needs 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). CONSIDERATIONS: The Board of County Commissioners is required by statute to appropriate funds to specific projects pursuant to the approved Community Redevelopment Plan which 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. To better meet the needs of the community, staff is requesting that funds within the Bayshore CRA Project Fund (1021) are reallocated to Stormwater (50203), Gateway Master Plan (50255), Shadowlawn Corridor (50259) and North Bayshore Enhancement (50262). This item is consistent with the Collier County strategic plan, with the objective to plan and build public infrastructure and facilities to effectively, efficiently, and sustainably meet the needs of our community FISCAL IMPACT: Bayshore CRA Project Fund (1021) has been established to budget for Collier County CRA projects. The budget actions will reallocate funds to projects consistent with the approved Community Redevelopment Plan. For Bayshore CRA Project Fund (1021), existing funds totaling $3,218,109.71 will be reallocated within Fund (1021) and budgeted in projects as follows: Project/Program Budget Increase Stormwater (50203) $1,655,524.03 Gateway Master Plan (50255) $1,202,290.58 Shadowlawn Corridor (50259) $ 295,200.00 N. Bayshore Enhancement (50262) $ 65,095.10 Total $3,218,109.71 GROWTH MANAGEMENT IMPACT: There is no impact to the Growth Management Plan. LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires a majority vote for CRA approval. -HFAC RECOMMENDATIONS: The Board of County Commissioners, acting as the Community Redevelopment Agency, authorize necessary Budget Amendments to reallocate funds within Bayshore CRA Project Fund (1021) and appropriate those funds into specific projects based on community needs pursuant to the Community Redevelopment Plan. PREPARED BY: Kelly Green, Accountant II, Corporate Financial & Management Services ATTACHMENTS: 1. BA 1021000000 Page 2317 of 2661