HomeMy WebLinkAboutResolution No. 861-25 CRA 2025-2026 BudgetRESOLUTION NO. 861-25
A RESOLUTION OF THE CITY OF ZEPHYRHILS COMMUNITY
REDEVELOPMENT AGENCY ADOPTING A PROPOSED BUDGET FOR
THE CRA DISTMCT FOR THE FISCAL YEAR 2025-2026; PROVIDING
FOR SEVERABILITY, APPLICABILITY AND ESTABLISHING AN
EFFECTIVE DATE.
WHEREAS, The Zephyrhills Community Redevelopment Agency (Zephyrhills 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 Zephyrhills 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 Zephyrhills CRA, to adopt a budget for each fiscal year by resolution;
NOW, THEREFORE, be it resolved by the Community Redevelopment Agency of the
City ofZephyrhills, Florida as follows:
Section 1. Authority. The Zephyrhills CRA has the authority to adopt this Resolution
pursuant to the Special District Act.
Section 2. Adoption of Budget. The governing body of the Zephyrhills CRA does hereby
approve and adopt a Budget for the Zephyrhills CRA for Fiscal Year 2025-2026. 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
jurisdicti n, 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.
The foregp^g Rfe'soteti'&yo. 861-25 was read and passed in an open and regular meeting of the
Commylffity Redevelbprherft Agency of the City of Zephyrhills, Florida on this 22nd day of
September,,.2025. /'\, ' '
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Attesft ":"..-
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t^Rica^b QyifiQhes; City Clerk
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Steven F. Spina, Ph.D., CRA Board President
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y y. t <-u Approved as to legal fonn and legal content
for the sole re ianc of the C^ty Q^ Zephyr
--
Matthew E. Maggard, C Attorney
EXHIBIT A
Community Redevelopment Agency
CRA Fund
Org Code: 11005900
The CRA is a dependent special district in which any future increases in property values are set aside in a
Trust Fund to support economic development and redevelopment projects with in the designated district.
Under Florida Statute Chapter 163, Part III, local governments have the ability to designate areas as
Community Redevelopment Areas when certain conditions exist. To document the required conditions, the
local governments must survey the proposed redevelopment area and prepare a Finding of Necessity. If the
Finding of Necessity determines the required conditions of slum and blight exist, the local government may
create a Community Redevelopment Agency to provide the tools needed to foster and support positive
redevelopment of the targeted area. The Community Redevelopment Agency is responsible for developing
and implementing the Community Redevelopment Plan or Master Plan that addresses the unique needs of
the targeted area. The plan includes the overall goals for redevelopment in the area, as well as identifying the
types of projects planned for the area.
Tax Increment Financing or TIF is a unique tool available to cities and counties for redevelopment activities
as provided in the Master Plan. It is used to leverage public funds to promote private sector activity in the
CRA. The dollar value of all real property in the Community Redevelopment Area is determined as of a fixed
date, also known as the "frozen value". Taxing Authorities continue to receive property tax revenues based on
the frozen value. These frozen revenues are available for general government purposes. Any tax revenues
from increases in real property value within the CRA are deposited into the Community Redevelopment
Agency Trust Fund and dedicated to specific redevelopment projects and plans within the Redevelopment
Area and are not for general government purposes. The tax increment revenues can be used immediately,
saved for a particular project, or can be bonded to maximize the funds available.
CRA Boards do not establish policy for the city or county, they develop and administer a Master Plan to
implement that policy. The CRA acts officially as a body distinct and separate from the governing body, even
when it is the same group of people. The CRA has certain powers the city or county by itself may not do, such
as establish tax increment financing, and leverage local public funds with private dollars to make
redevelopment happen. The CRA term is limited to 30 years, 40 years if extended. After that time all tax
revenues are retained by each taxing entity that contributed to the CRA Trust Fund.
Community Redevelopment Agency - Personnel Information
Personnel by Position
Position
Community Redevelopment Agency Director ^
Total
FY 2024 FY 2025 FY 2026
1 1 1
1 1 1
Community Redevelopment Agency
City Manager
l_.
Community
Redevelopment Agency
Director
Community Redevelopment Agency - Revenues by Source
Shared Revenues (0.03%)
Interest Earnings (2.6%)
Taxes (44.3%)
Budget Cany-Over (53.1%)
Name
Revenue Source
Budget Carry-over
C/0 Balance
Total Budget Cariy-Over:
ERP Code
11000300-300100-
FY2025 Original Budget
$1,350,964
$1^50,9&4
RT2026 Budgeted
$2,074,410
$2,074,410
Taxes
Ad Valorem Taxes
Property Tax
Property Tax
Total Ad Valorem Taxes:
Total Taxes:
11010311-311000-
11020311-311000-
$607,968
$740,028
$1347,996
$1347,996
$779,271
$948,541
$1,727,812
$1,727,812
Shared Revenues
Main Street Reimbursement
Total Shared Revenues:
11000338-338300 $1,000
$1,000
$1,000
$1,000
Interest Earnings
Interest Income
Total Interest Earnings:
Total Revenue Source:
11000361-361100 $100,000
$100,000
$2,799360
$100,000
$100.000
$3,903,222
Community Redevelopment Agency" Expenditures by Expense
Type
Transfere Out (0.2%)
Personnel Senlces (3A%)
Grants & Contributions (5.1%)
Operating ExpendHuret (22.4%)
Capital Outlay (68^4%)
Name
Expense Objects
Personnel Services
Salaries
Fica Taxes
Medicare Taxes
Retirement Contributions
Group Health
Workers Comp Insurance
Total Personnel Services:
Operating Expendftures
Professional Sen/ices
Prof Ser - Softwa re & Su pport
Auditing Services
Contractual Services
Telephone & Data Communication
Refuse Removal
Copy Machine Leases
Property & Casualty Insurance
Educational Activities
Office Supplies
Operating Supplies
Sidewalks
ERP Code
11005900-512000
11005900-52n00
11005900-521200
11005900-522100
11005900-523000
11005900-524000-
11005900-531500
11005900-531700-
11005900-532000
11005900-534000-
11005900-541000
11005900-543400-
11005900-544500
11005900-545000
11005900-548000
11005900-551000
11005900-552000
11005900-553400
FY2025 Original Budget
$91,411
$5,668
$1,326
$31,555
$10,793
$2,155
$142^08
$100,000
$2,502
$6,000
$75,000
$10,000
$1,000
$1,000
$6,900
$50,000
$150
$2,500
$0
FY2026 Budgeted
$98,054
$6,079
$1,422
$32,593
$11,702
$2,311
tl52,161
$200,000
$3,631
$6,000
$75,000
$5,000
$500
$1,000
$0
$50,000
$150
$25,000
$200,000
Name
Memberships/Dues
Training
CRA Initiatives
Total Operating Expenditures:
Capital Outlay
Land Acquisition
Infrastructure
Sidewalk Capital Projects
Machinery & Equipment
Total Capital Outlay:
Grants fii Contributions
Building Improvement Grants
Total Grants & Contributions:
Transfers Out
Transfer to Internal Service Fund
Total Transfers Out:
Total Expense Objects:
ERP Code
11005900-554200
11005900-555500
11005900-556200
11005900-561000
11005900-563000-
11005900-563111-21 P11
11005900-564000-
11005900-583010
11005900-591511
FV2025 Original Budget
$2,000
$2,000
$300,000
$559.052
$348,000
$1,250,000
$150,000
$150,000
$1,898/)00
$200,000
$200,000
$0
$0
$2,799,960
Fn'026 Budgeted
$2,500
$5,000
$300,000
$873,781
$477,000
$2,042,000
$150,000
$0
$2^69.000
$200,000
$200,000
$8,280
$8^80
$3,903,222
Budgeted Capital Costs By Department 1^^2025,1
Reauest Types: Other -'proveme '^s. Infrastructure
CfiA (IGO1;:..)
TOTAL
$2,&o3,000.00
$2,66a,OCO.OO
CRA Requests
Itemized Requests for 2026
8th Street & Oakside Neighborhood Improvements $600,000
Install new black street poles and signs, landscape pots, benches and trash receptacles and improvements Co retention pond
fencing.
Backyard Project Renovation $250.000
Enhancements to the Backyard project at the corner of 8th St and 6th Avenue add seating, a pad and electricity for a food truck.
and an area for entertainment.
CRA District Land Acquisition
Acquisition of properties within the CRA District for projects as outlined in the CRA Masterplan
Park nd Entrance Sjgnage - Public Art Opportunities
$4T7,000
$150,000
Continue to provide new logo signs within the CRA District. Continue to look for public art opportunities within the CRA District.
Murals, water features. 3-D art to provide additional interest in the downtown area.
Renovation of Clock Plaza
Design, permitting and construction of Clock Piaza.
Sidewfalk Development
Design and survey services for sidewalks within the CRA.
The 6th Avenue alley enhancement
Design pedestrian connection from Backyard and City Hall to 5th Avenue, using art. hardscape, lighting.
$992,000
$150,000
$50,000
Total: $2,669,000