RESOLUTION #2020-CRA-02
A RESOLUTION OF THE EDGEWATER, COMMUNITY REDEVELOPMENT AGENCY, EDGEWATER, FLORIDA; ADOPTING A PROPOSED BUDGET FOR THE FISCAL YEAR 2020 – 2021; PROVIDING FOR SEVERABILITY, APPLICABILITY AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, The Edgewater Community Redevelopment Agency (Edgewater CRA) was created pursuant to Chapter 163, Part III, Florida Statutes (the “Community Redevelopment Act”) establishing the conditions and procedures for the establishment of community redevelopment areas and agencies; and,
WHEREAS, the Edgewater CRA is a dependent special district under Chapter 189, Florida Statues (2006), known as the Uniform Special District Accountability Act (the “Special District Act”); and,
WHEREAS, the Special District Act requires all special districts, including dependent special districts, such as the Edgewater CRA, to adopt a budget for each fiscal year by resolution;
NOW, THEREFORE, be it resolved by the Community Redevelopment Agency of the City of Edgewater, Florida as follows:
Section 1. Authority. The Edgewater CRA has the authority to adopt this Resolution pursuant to the Special District Act.
Section 2. Adoption of Budget. The governing body of the Edgewater CRA does hereby approve and adopt a Budget for the Edgewater CRA for Fiscal Year 2020 – 2021. A copy of the budget is attached hereto and incorporated herein as Exhibit “A”.
Section 3. Severability. If any section, subsection, sentence, clause, phrase or portion of this Resolution is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining potion hereto.
Section 4. Effective Date. This resolution shall take effect upon adoption.
After motion by Board Member ______________________ and second by Board Member ____________________________, the vote on this resolution was as follows:
AYE NAY
Chair Thomas ___ __ ______
Board Member Power ___ __ ______
Board Member Yaney ___ __ ______
Board Member O’Keefe ___ __ ______
Board Member Conroy ___ __ ______
PASSED, APPROVED AND ADOPTED this 5th day of October, 2020.
ATTEST: EDGEWATER COMMUNITY
REDEVELOPMENT AGENCY OF THE
CITY OF EDGEWATER, FLORIDA
____________________________ By: ____________________________
Robin Matusick, CMC Mike Thomas
City Clerk/Paralegal Chair
For the use and reliance only by the Edgewater Community Redevelopment Agency, City of Edgewater, Florida. Approved as to form and legality by: Aaron R. Wolfe, Esquire
City Attorney
Doran, Sims, Wolfe, Ciocchetti & Yoon
Approved by the Edgewater Community Redevelopment Agency at a meeting held on this 5th day of October, 2020 under Agenda Item No. #______.
EXHIBIT “A”
City of Edgewater Community Redevelopment Agency
Proposed Budget Fiscal Year October 1, 2019 - September 30, 2020
Time: 2015 - 2035 Board: City Council
400 Acres Contact: Samantha Bergeron, Director Parks & Recreation
URL: www.EdgewaterCRA.org
Pre-liminary Value $ 1,583,895 as of June 21, 2019
Less Base Year Tax Value: $ 62,754,205
Equals Increment Value: $18,829,690 per thousand @6.7 Mils @ 95%
Revenues:
Description Amount
City TIF (6.7 Mils) $ 119,851
County TIF (5.6944 Mils) $ 90,616
Interest $ 66
Balance Brought Forward $ 307,227
Total Proposed Revenues $ 517,760
Expenses:
Description Amount
Capital Projects:
1. East Indian River Blvd. Median Cut through Paving $ 20,000
2. Extend Water Line E. Indian River Blvd to Riverside Drive along US1 $ 225,000
Façade Grants (Small Scale) $ 50,000
Land Appraisals $ 500
Land Acquisitions $ 212,260
Way Finding Signs $ 10,000
Total Proposed Expenses $ 517,760