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File #:
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17-00250
Version:
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Name:
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Type:
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Action Item
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Status:
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Passed
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On agenda:
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4/10/2017
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Final action:
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4/10/2017
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Enactment date:
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Enactment #:
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Title:
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APPROVAL OF CRA PROJECTS
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LEGISLATIVE ACTION ITEM
SPONSOR: Jewel Cannada-Wynn, Chairperson
SUBJECT:
title
APPROVAL OF CRA PROJECTS
end
RECOMMENDATION:
recommendation
That the Community Redevelopment Agency (CRA) approve the proposed project funding allocation from the current year CRA budget. Further that the CRA request that the City of Pensacola pursue financing options, to be repaid from future TIF revenues, for those projects requiring financing.
end
body
SUMMARY:
The following revitalization projects are recommended for approval for funding and implementation in the Urban Core, Eastside, and Westside CRA districts during fiscal years 2017 and 2018. Projects are proposed to be funded from available current year TIF, program income and/or financing. Proposed revisions to Chapter 163 of the Florida Statutes, governing Community Redevelopment Agencies, would restrict the ability of CRA’s to undertake or fund any projects which have not been previously approved or for which debt service repayment has not been committed prior to a specified date in 2017.
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Urban Core |
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Projects to be Funded With Funds Available in Current Budget |
Amount |
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New Market Tax Credit Unwind |
$100,000 |
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Community Policing |
100,000 |
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Belmont Devilliers Commercial Façade Program |
150,000 |
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Affordable Housing Rehabilitation |
437,500 |
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Redevelopment Area Design Guideline Development |
35,000 |
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Pelican Drop Support |
30,000 |
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Streetscape Amenities Repair/Replacement |
100,000 |
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Disposition of CRA Properties |
20,000 |
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Projects Requiring Financing |
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Devilliers Streetscape Expansion |
5,200,000 |
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Reus Streetscape Improvements |
5,200,000 |
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A Street Streetscape Improvements |
5,200,000 |
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Total |
$16,572,500 |
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Eastside |
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Projects to be Funded With Funds Available in Current Budget |
Amount |
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Chappie James Museum and Flight Academy Parking Expansion |
$1,313,340 |
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Redevelopment Area Design Guideline Development |
25,000 |
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Chappie James Museum and Flight Academy Parking Expansion |
440,000 |
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Projects Requiring Financing |
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Affordable Housing Rehabilitation |
350,000 |
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Hollice T. Williams Greenway Improvements |
16,400,000 |
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Total |
$18,528,340 |
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Westside |
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Projects to be Funded With Funds Available in Current Budget |
Amount |
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Redevelopment Area Design Guideline Development |
$25,000 |
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Commercial Façade Program |
25,000 |
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Affordable Housing Rehabilitation |
100,000 |
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Community Policing |
90,000 |
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Hazardous Tree Removal Program |
10,000 |
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Projects Requiring Financing |
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West Moreno/Baptist Area Streetscape Improvements |
12,300,000 |
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Property Rehabilitation, Land Acquisition, Clearance & Redevelopment |
2,200,000 |
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A Street Streetscape Improvements |
5,200,000 |
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Sidewalk Enhancement |
15,000 |
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Total |
$19,965,000 |
PRIOR ACTION:
August 1, 2016 - CRA Board approved Fiscal Year 2017 Budget Resolutions for the Urban Core Tax Increment Financing District, the Eastside Tax Increment Financing District, and the Westside Tax Increment Financing District.
FUNDING:
N/A
FINANCIAL IMPACT:
Proposed projects are to be funded from current year TIF, program income, and/or proposed financing, with debt service to be paid from future TIF revenues.
CITY ATTORNEY REVIEW: Yes
4/4/2017
STAFF CONTACT:
M. Helen Gibson, AICP, CRA Administrator
ATTACHMENTS:
None
PRESENTATION: No end
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