Fort Walton Beach — Fiscal Year 2013 to 2014 CRA Budget

&RPPXQLW\5HGHYHORSPHQW$JHQF\)XQG The Community Redevelopment Agency (CRA) Fund encompasses 4.6% of the City’s activities and services and accounts for funding derived from City of Fort Walton Beach and Okaloosa County Tax Increment Funding (TIF) – proceeds from increases in the taxable assessed value of the CRA District. The original CRA area was formed in 1980, with that being the base year for the purpose of determining the growth in assessed taxable value. In 1999 the CRA area was expanded to include an additional area. The TIF is determined by the growth in the assessed value of taxable property located in the CRA district from the base year to the current tax year and is multiplied by the current tax rate for the City and County. Expenditures in the CRA area target eliminating blight in residential and commercial areas. Revenue Highlights $2,000,000 Budget. $1,800,000 2013-14. …… $ Change % Change $1,600,000 Ad Valorem Taxes 959,428 199,334 26.2% $1,400,000 $1,200,000 Intergov’t Revenue 570,498 19,491 3.5% $1,000,000 Interest & Other 62,620 47,620 317.5% $800,000 $1,592,546 $266,445 20.1% $600,000 $400,000 $200,000 $0 Actual Actual Actual Budget Budget 2009-10 2010-11 2011-12 2012-13 2013-14 Ad Valorem Taxes Intergov't Revenue Interest & Other • The budget is predicated on increasing the City millage (ad valorem) rate from 4.5383 to 5.7697. One mill equals $1 per $1000 of taxable property value. This equates to $123.14 or less in additional property taxes for 80% of residents and 34% of businesses, which have taxable values under $100,000. • County ad valorem tax proceeds are accounted for as intergovernmental revenues. The County is increaseing its millage rate from 3.2899 to 3.4308. Expenditure Highlights $2,000,000 $1,800,000 Budget. $1,600,000 ……2013-14. $ Change % Change $1,400,000 Personal Services 549,396 5,148 0.9% $1,200,000 Operations & Maintenance 1,041,360 344,507 49.4% $1,000,000 Capital Outlay/Imprvmt 1,790 -83,210 -97.9% $800,000 $1,592,546 $266,445 20.1% $600,000 $400,000 $200,000 $0 Actual Actual Actual Budget Budget 2009-10 2010-11 2011-12 2012-13 2013-14 Personal Services Operations & Maintenance Capital Outlay/Imprvmt Interfund Transfers • The personal services increase is attributable to reinstituting wage adjustments (up to 3.75% tiered based on tenure). • The increase in operating expenses, and corresponding decrease in capital, is due to a focus on grants to local residents and businesses through initiatives such as Development Assistance Program, Streetscape Grant Program, Façade Grant Program, and Nuisance Abatement Program. 128  &20081,7<5('(9(/230(17$*(1&<)81' $FWXDO %XGJHW       $GRSWHG $GRSWHG &KDQJH      $G9DORUHP7D[HV&LW\2ULJLQDO7,)        $G9DORUHP7D[HV&LW\([SDQGHG7,)       7RWDO$G9DORUHP7D[HV       727$/7$;(6        6LWH3ODQ5HYLHZ       2WKHU/LFHQVHV 3HUPLWV       727$//,&(16(6 3(50,76        $G9DORUHP7D[HV&RXQW\2ULJLQDO7,)        $G9DORUHP7D[HV&RXQW\([SDQGHG7,)       7RWDO/RFDO6KDUHG5HYHQXHV       3ULRU<HDUV*UDQWV       7RWDO*UDQWV       727$/,17(5*29(510(17$/5(9(18(        ,QWHUHVW,QFRPH         8QUHDOL]HG*DLQ /RVV         5HDOL]HG*DLQ /RVV       7RWDO,QWHUHVW,QFRPH        0LVFHOODQHRXV5HYHQXH        'LVFRXQWV       7RWDO2WKHU5HYHQXHV       727$/,17(5(67 27+(55(9(18(6       727$/)81'5(9(18(6   5HYHQXHV30 129  &5$)81'32/,&( $FWXDO %XGJHW       $GRSWHG $GRSWHG &KDQJH 3HUVRQDO6HUYLFHV     1XPEHURI(PSOR\HHV )7( V       5HJXODU6DODULHV        6HUYLFH$ZDUGV        ,QFHQWLYH0HULW3D\        6DODULHV2YHUWLPH        6DODULHV2YHUWLPH+ROLGD\:RUNHG        ,QFHQWLYH3D\        ),&$7D[HV        0HGLFDUH        5HWLUHPHQW&RQWULEXWLRQV3ROLFH2IILFHUV        'HQWDO/LIH +HDOWK,QVXUDQFH        :RUNHU V&RPSHQVDWLRQ        6DODU\$OORFDWLRQ5HLPEXUVHPHQWWR*HQHUDO)XQG       7RWDO3HUVRQDO6HUYLFHV   2SHUDWLQJ([SHQVHV      3URIHVVLRQDO6HUYLFHV        &RPPXQLFDWLRQ6HUYLFHV        0DLQWHQDQFH&RQWUDFWV        9HKLFOH5HSDLU        3ULQWLQJ %LQGLQJ        +ROLGD\*LIW&HUWLILFDWHV        2IILFH6XSSOLHV        2SHUDWLQJ6XSSOLHV        )XHO 2LO        8QLIRUP([SHQVH        $PPXQLWLRQ([SHQVH        &RPSXWHU+DUGZDUH6RIWZDUH       7RWDO2SHUDWLQJ([SHQGLWXUHV   &DSLWDO2XWOD\      3DVVHQJHU9HKLFOHV        &RPPXQLFDWLRQ(TXLSPHQW        6SHFLDOL]HG(TXLSPHQW        &RPSXWHU+DUGZDUH6RIWZDUH        6RIWZDUH       7RWDO&DSLWDO2XWOD\       727$/(;3(16(6   3ROLFH30 130 32/,&( &5$ Share of City Budget $498,405, 1.4% '(6&5,37,21 The unit of five officers dedicated to the two CRA areas foster relationships with residents and business owners through a highly-visible approach including walking the neighborhoods and participating in events. Community involvement to devise solutions and monitor resolutions is strongly promoted. 0,66,21 Protect the welfare of citizens and their property and enhance public safety through proactive problem solving and increased community partnerships. Actual Budget &855(17*2$/62%-(&7,9(6 0(75,&6 )< YTD thru 6/30 2009-10 2010-11 2011-12 2012-13 2012-13 2013-14 Protect Life and Property Criminal Activity in Downtown Area n/a 100 149 89 125 125 9 Reduce vandalism and other criminal activity, particularly during overnight hours, in the downtown area through preventative means such as police visibility and effective apprehension rates for order maintenance offenses. )8785(*2$/6 )< )< 9 Conduct at least two crime awareness / prevention seminars, in a downtown location, inviting business owners and employees to attend. Seminars will include both personal and facility safety tips. 9 Establish a voluntary participative communication system that will permit those who work and/or live in the CRA area to furnish information directly to officers, and each other (when desired), on a timely basis. And, have both a brief daily posting of information and activities, as well as ad hoc postings of immediate information related to suspicious or criminal activity, sent by the police to subscribers. 35,25<($5$&&203/,6+0(176 )< 9 Patrol activity was significantly increased within the CRA area. Over nine thousand (9,000) calls for service, including both citizen requests and officer initiated activities, were handled. 9 Periodic bicycle patrol was initiated in the CRA area and foot patrols were implemented on a daily basis, depending on weather conditions. 3(5)250$1&((;&(//(1&( (YHU\6HUYLFH±(YHU\(PSOR\HH±(YHU\'D\ 131  &5$)81'&5$ $FWXDO %XGJHW       $GRSWHG $GRSWHG &KDQJH 3HUVRQDO6HUYLFHV     1XPEHURI(PSOR\HHV )7( V       5HJXODU6DODULHV        ,QFHQWLYH0HULW3D\        )LQDO/HDYH3D\        6DODULHV2YHUWLPH        ),&$7D[HV        0HGLFDUH        5HWLUHPHQW&RQWULEXWLRQV         5HWLUHPHQW&RQWULEXWLRQV'&3ODQ        'HQWDO/LIH +HDOWK,QVXUDQFH        :RUNHU V&RPSHQVDWLRQ       7RWDO3HUVRQDO6HUYLFHV   2SHUDWLQJ([SHQVHV      3URIHVVLRQDO6HUYLFHV        /HJDO6HUYLFHV        2WKHU6HUYLFHV        7UDYHODQG3HU'LHP        &RPPXQLFDWLRQ6HUYLFHV        3RVWDJH        8WLOLWLHV        5HQWDOV /HDVHV        9HKLFOH5HSDLU        (TXLSPHQW5HSDLU        %XLOGLQJ0DLQWHQDQFH        *URXQGV0DLQWHQDQFH        3ULQWLQJ %LQGLQJ        3URPRWLRQDO$FWLYLWLHV        +ROLGD\*LIW&HUWLILFDWHV        (DVHPHQW5HFRUGLQJ)HHV        /HJDO$GYHUWLVLQJ        2IILFH6XSSOLHV        2SHUDWLQJ6XSSOLHV        )XHO 2LO        8QLIRUP([SHQVH        &RPSXWHU+DUGZDUH6RIWZDUH        7RROV        6DIHW\6XSSOLHV(TXLSPHQW        'XHV 3XEOLFDWLRQV        7UDLQLQJ        *UDQWVDQG$LGV       7RWDO2SHUDWLQJ([SHQGLWXUHV   &DSLWDO2XWOD\      ,PSURYHPHQWV2WKHU7KDQ%XLOGLQJV       /DQGVFDSLQJ,UULJDWLRQ      (TXLSPHQW     7UDLOHUZDWWDFKHGWRROUDFN      7RWDO&DSLWDO2XWOD\   &DSLWDO,PSURYHPHQWV3URJUDP     3DYHPHQW,PSURYHPHQW      3ULRU<HDUV&DSLWDO,PSURYHPHQW3URJUDP     7RWDO&DSLWDO,PSURYHPHQWV3URJUDP   2WKHU)LQDQFLQJ$FWLYLW\      &RVW$OORFDWLRQ5HLPEXUVHPHQWWR*HQHUDO)XQG       7RWDO2WKHU)LQDQFLQJ$FWLYLW\       727$/(;3(16(6           1XPEHURI)XQGHG(PSOR\HHV )7( V        3ROLFH       &5$       727$/)81'(;3(16(6        1(75(9(18( (;3(16(   &5$30 132 &20081,7<5('(9(/230(17$5($ &5$ Share of City Budget $1,094,141 '(6&5,37,21 , 3.1% The Community Redevelopment Area was established in 1980 and expanded in 1999 to address deteriorating conditions and facilitate economic growth and development within the designated area. Funding for infrastructure improvements and redevelopment activities comes from incremental increases in the taxable assessed value of the area. 0,66,21 Rejuvenate the designated area to make it a place where citizens want to live, work, and play. Actual Budget &855(17*2$/62%-(&7,9(6 0(75,&6 )< YTD thru 6/30 2009-10 2010-11 2011-12 2012-13 2012-13 2013-14 Attract & Retain Businesses in the Target Area New Businesses in the CRA n/a n/a 29 31 10 40 Square Footage of Business Expansions in the CRA n/a n/a 16,000 10,700 5,000 40,000 Businesses Approved for Economic Incentive Grants n/a n/a 7 29 15 40 Economic Incentive Grants Provided to New or Expanding Businesses n/a n/a $46,238 $289,173 $80,000 $325,000 Private Investment Leveraged as a Result of Incentive Grants n/a n/a n/a n/a n/a $2,000,000 Grant Applications Approved within Two Weeks n/a n/a n/a n/a n/a 75% Attract & Retain Residents in the Target Area New Housing Units in the CRA n/a n/a 11 2 10 200 Maintain a Balanced Approach to Funding Allocation Residential Area Improvements 29% 22% 14% annual measure 25% 0% Commercial Area Improvements 36% 11% 35% annual measure 25% 0% Crime Prevention 8% 17% 26% annual measure 25% 32% Maintenance & General Operations 27% 51% 25% annual measure 25% 68% Complete CRA Plan Projects Within Three Years From Appropriation Previous Year Funds Not Allocated to Projects as % of Current Year Ad Valorem Proceeds 189% 272% 269% annual measure 100% 0% 9 Work with the Recreational Services Department to update the Fort Walton Landing Master Plan. 9 Develop long-term (5-year and 10-year) capital improvements project list for the CRA District. 9 Develop better marketing materials for economic incentive programs available to new and expanding businesses in the CRA. 9 Complete the Sound Side Apartments project, providing 200 new housing units in the CRA. 9 Remediate the Brownfields Site at 25 Miracle Strip Pkwy and return the property to the development market. 9 Develop an action plan and finding-of-fact timeline for possible expansion of CRA boundaries. 9 Develop a marketing plan for CRA districts. )8785(*2$/6 )< )< 9 Develop ways to increase the quantity of and access to public parking in the CRA. 9 Provide flexibility for development design in the CRA. 9 Provide mechanisms for sustainable increases in density in the CRA. 9 Encourage private reinvestment through public improvements in the CRA. 35,25<($5$&&203/,6+0(176 )< 9 Adopted the 2012 CRA Plan Update. 9 Completed the Brooks Landing Waterfront Park Project. 9 Completed the Brooks Street Public Parking Lot. 9 Approved 32 business incentive grant applications; $1.9M in total private funds leveraged for $302K spent in public funds. 3(5)250$1&((;&(//(1&( (YHU\6HUYLFH±(YHU\(PSOR\HH±(YHU\'D\ 133