ACTION ITEM
SPONSOR: P.C. Wu, Chairperson
SUBJECT:
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DOWNTOWN IMPROVEMENT BOARD WASTE CO-OP IMPROVEMENTS
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RECOMMENDATION:
recommendation
That the Community Redevelopment Agency (CRA) concur with the proposed Downtown Improvement Board (DIB) Waste Co-Op improvements and recommend that City Council approve an adjustment to the Downtown Improvement Board (DIB) budget for the fiscal year ending September 30, 2018 to fund these improvements.
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SUMMARY:
In November 2007, the CRA and the City of Pensacola each entered into interlocal agreements with the DIB for the creation of a downtown parking management district. These agreements transferred management of CRA-owned and City-owned parking facilities in the downtown business district to the DIB. Under the agreements, revenue derived from the parking are deposited to the Parking Fund and earmarked for management of the parking district.
In October 2017, DIB was asked to resume the management of the Palafox Waste Co-Op. Due to this change, the DIB is requesting an amendment to the Fiscal Year 2018 Parking Fund budget to reflect the revenue and additional expenses associated with the management of the waste-co-op. The requested budget adjustment will also allocate funds for the purchase of a compactor enclosure which is required for the management of the Palafox Waste Co-Op. The costs associated with the purchase of the compactor enclosure will be repaid by the 19 co-op participants over a 5 year period. On December 13, 2017, the DIB approved the oversight of the management of the Palafox Waste Co-Op as well as the proposed budget adjustment.
PRIOR ACTION:
November 29, 2007 - CRA entered into an interlocal agreement with DIB for downtown parking management.
January 11, 2016 - CRA and DIB amended the interlocal agreement for parking management to remove the parking lot at 120 W. Government St.
May 8, 2017 - CRA and DIB amended the interlocal agreement for parking management to remove the parking lot at 150 S. Baylen St.
FUNDING:
N/A
FINANCIAL IMPACT:
Approval of the budget adjustment will provide funding to implement the management of the Palafox Waste Co-Op and will provide for a balanced budget for the DIB for fiscal year 2018.
CITY ATTORNEY REVIEW: Yes
12/20/2017
STAFF CONTACT:
M. Helen Gibson, AICP, CRA Administrator
Richard Barker, Jr. Chief Financial Officer
ATTACHMENTS:
None
PRESENTATION: No end