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3. 9-26-16 CRA Workshop MinutesMINUTES CITY COMMISSION WORKSHOP September 26, 2016 CITY HALL, 800 SEMINOLE ROAD IN ATTENDANCE: Mayor Mitchell E. Reeves Mayor Pro Tem Jimmy Hill Commissioner Harding Commissioner John Stinson Commissioner M. Blythe Waters City Attorney Brenna Durden City Manager Nelson Van Liere City Clerk Donna L. Bartle Recording Secretary Della Giovanni Mayor Reeves called the meeting to order at 5:00 p.m. Planner Derek Reeves presented the Mayport Road Redevelopment Plan (which is attached and made part of this Official Record as Attachment A). He explained the agenda, discussed reviews of the past improvement efforts, the depth of the plan, how it was created, the input for the plan, a schedule of implementation, CRS community basics and funding comparisons in order to implement going forward. Planner Derek Reeves explained that he is now taking the lead on this project, following the departure of Jeremy Hubsch. Curt Ostrodka & Katie Shannon were present, in addition to Steve Lindorff (a resident), Margo Moehring, from the Northeast Council, and Sheron Forde along with some members of the Technical Advisory Committee, who were appointed at the end of last year, Brian Christensen, Dara Gourley, Donna Rex, and Mike Whalen. Planner Derek Reeves explained that the past efforts of a CRA plan were conducted in 2002-2003 jointly with the City of Jacksonville. In 2001, the Mayport Road corridor study was completed and funded by the original Transportation Council. Due to Jacksonville jurisdictions and a multitude of issues, the study was never implemented. What was presented at this meeting was to only focus on the City of Atlantic Beach boundaries without joint relationship with Jacksonville. Results that came of the Mayport Road study are: Updates of a Comprehensive Plan, adoption of the Commercial Corridor, Development of Standards, Sign Code revision and the Mayport Road Median project. Community Redevelopment Coordinator from 2008-2011, Retired Lieutenant Dale Hatfield spoke: • During this time frame with the plan, there was a reduction in prostitution and homeless people in the discussed corridor area by reaching out to the local businesses and associations in the community. ® Received assistance from businesses and Faith -based organizations to create social programs for the community, which changed the quality of life in the Corridor, and helped cut down on crime. ® CRA would help in the next step moving forward. Planner Derek Reeves explained the gap from 2011 — present and how it will direct the city going forward. Curt Ostrodka spoke regarding a development of the plan and redevelopment, which was suggested by input from the community. They used a study area, which was performed by previous director, Jeremy Hubsch, regarding the Mayport Road Corridor within the city limits of the CRA. A Commission analysis was done on the existing conditions and the advisory members worked on a plan which was presented for consideration. Mr. Ostrodka reviewed goals of the program as on Attachment A. He also reviewed the commercial activity benefits, marketing and how CRA funding will affect the program. (Commissioner Waters arrived at 5:35 p.m.) He indicated that the City of Atlantic Beach can benefit by the CRA program with estimated costs and schedule of improvements of site surveys, project plans, and flexibility to use the funds on multiple projects. The schedule can take up to eight years to begin with the potential means to pay for improvements of necessity. Capital improvements and funding sources were explained on the Attachment with criteria documented and tax increment. He explained that it is not a new tax but diverting increment of existing tax. Any increases after 2015 base year, 95% would be kept for improvement for the redevelopment plan (refer to charts on TIF projections on Attachment A). He gave a suggestion to negotiate with Jacksonville and work with them for a percentage of assistance. He gave a list of cons of the project: the city would have to create a savings to use towards the plan, additional administrative duties would be needed, and the city would need to reach out to community redevelopment agencies. He summarized it by saying: bring the "unanimous" plan to Commission, show financial commitment, create new jobs in the community, hold successors to follow through, and that it gives long term revitalization. Mayor Reeves explained that there will be no public comments at the workshop, however will be welcomed at the Commission meeting following the workshop meeting. Commissioner Hill commented that he cannot fmd a reason to move forward with the CRA plan because of the restrictions it has. He does not feel that the City needs CRA to fix the corridor, however that a change in the language is needed, which is preventing businesses to thrive in the area. Commissioner Hill explained that the CRA language does not allow small business/warehouses. What was presented are things that the City should already be doing daily without going through CRA. He strongly felt a need to correct a major problem in the corridor by having the speed limit lowered on Mayport Road to 40 mph from the flyover to the base. In his opinion, the basic functions for improvement without going through CRA are as follows: • Fix the language in business development • Fix the infrastructure • Use grant money wisely and gear it towards pedestrians' safety • If negotiated with the county, ask for an adjustment to CRA later Commissioner Stinson said that revenue projections presented were only of current times and that it does not give consideration for future projection. Mr. Ostrodka clarified that at year 5, the city may want to consider a revenue bond by showing a steady revenue source for the future funding. Commissioner Harding thanked the advisory committee and addressed areas needing attention. He stated that it is unanimous by the commission that there is a need to make the Mayport Corridor west side more vibrant with city funds, grants, and CRA if it goes through. It will give the residents of the west side ease that the Commission hears and cares about the area and will see that it will be taken care of. Commissioner Waters thanked the citizens who participated. In her opinion, the Plan lays out a way and presents the Mayport Corridor as the main entrance to the City of Atlantic Beach. A commitment from the city to develop the Corridor is needed and agreed that the Commission needs to create a plan out of the budget to make things happen seriously by going forward with the development if the CRA does not go through. Mayor Reeves indicated that the Commission needs to keep the conversation going, for the growth of our whole city. He would like to see businesses address issues to move forward either way. Further discussion would be continued at the Commission Meeting with number 8A on the agenda. Mayor Reeves adjourned the workshop at 6:18 pm. Mitchell E. Reeves Mayor Attest: acid& Donna L. Bartle, CMC City Clerk City of Atlantic Beach Mayport Road Redevelopment Plan City Commission Meeting `►Iib September 26, 2016 1 Agenda n Introductions Past Improvement Efforts D Community Redevelopment. Plan — Development of Plan — Overview of Projects and Programs — Project Prioritization — TP results and discussion — VHB schedule - TAC recommended schedule — Implementation Timeline • CRA Basics • Funding Options and Comparison • Summary A Vision to medic a vibrant, thriving community anchored by the Mayport Road Corridor Met Whys opportunities for five, work, and play for all residents and visitors MAYPORT ROAD COMMUNITY REDEVELOPMENT PLAN City of Atlantic Beach August 2016 Introductions o City Staff — Derek Reeves, Project Manager — Nelson Van Liere, City Manager Project Team — Curt ostrodka, VHB Katie Shannon, VHB — Tyler Johnson, VHB — Steve Lindorff, CRP, LLC — Margo Moehring, NEFRC — Sheron Forde, NEFRC TAC Meeting 2 Community Worksh Introductions • TAC Members — Josh Ashby Mike Borno — John Bryan — Attillio Cerqueira — Brian Christensen — Dara Gourley — Ted Jackrel — Wanda Martin — Richard Parkes — Donna Rex — Matt Schellhorn - Mike Whalen u1 Past Efforts ▪ 2000-2003 Joint COAB/COJ CRA Plan and the 2001 Mayport Road Corridor Study — Updated Comprehensive Plan -- Adoption of the Commercial. Corridor Development Standards -- Revised allowable uses — Revised sign code — Median project • 2008-2011 Community Redevelopment Coordinator — Community Policing Officers o 2012-2013 Redevelopment and Zoning Coordinator Proposed Maypotf CRA Community Redevelopment Area Finding of Necessity and Redevelopment Pian City of Jacksonville Clly of Altanlic Beach Jocksonv1He Planning and Development Depnrtmenl Mayparf Waterfront ?win ershfp Jacksonville Economic Devetopmenl Commts51on Consultants .1_,036 1 i .Lanef Rs Al,e'1{Z. Asset Property Disposition Development of 744[_1_7,; the PIan • Establish Study Area Boundaries • Analysis of Existing Conditions • Technical Advisory Committee Meetings 7- Stakeholder Interviews • Community Workshops and Outreach — First Community Meeting —17 attendees signed in — Second Community Meeting — 29 attendees signed in — Over 155 people participated in the online survey Key Economic Findings 3 Commercial Values Fail to Appreciate El Residential Assessed Values Fail to Appreciate 1400 • Taxable Values in the a 1200 CRA are approximately 1000 12.3% of the entire city $00 600 ▪ The CRA study area is 400 approximately 33% of 200 the entire city acreage 0 Taxable Value in the CRA versus City of Atlantic Beach $168 M inion $1.368 Billion CRA COAB ❑ CRA Ci COAB Assessed Values of all Properties Fail to Appreciate over 5 Years 190 180 $[ M 170 160 150 140 130 120 0 110 c 100 Number Parcels — - Sim+ si 2010 2011 2012 2013 2014 1,560 1,553 1,566 1,573 ® Taxable Value 2015 1,571 1,585 Overall Loss of $16.03± Million in Taxable Value IN MILLIONS Changes in Residential and Commercial Assessed Values from 2010 - 2015 30 29 28 27 26 25 24 23 22 21 20 Market Value 1:12010 29,912,664 2015 26,936,046 Commercial Values Taxable Value 28,871,993 24,620,751 Loss of $4.25± Million in Taxable Value IN MILLIONS Residential Values 160 140 120 100 80 60 40 20 Market Value ❑ 2010 152,490,779 a 2015 153,037,432 Taxable Value 104,599,305 95,178,596 Loss of $9.42± Million in Taxable Value Plan Goals 0 Transform the Mayport Road Corridor into a Complete Street to improve safety for all users 0 Improve the appearance of the Mayport Road Corridor 0 Improve Business Activity along the Mayport Road Corridor Support a vibrant residential neighborhood adjacent to the corridor Maintain or improve the quality of life of City of Atlantic Beach residents, business owners, and visitors Mayport Road Projects &Programs 1. TRANSFORM MAYPORT INTO A COMPLETE STREET z 2 UJ 4 2 • ▪ o ac a COMMUNITY REDEVELOPMENT PROGRAMS 2. IMPROVEMENTS TO NEIGHBORHOOD ROADS 3. IMPROVEMENTS TO PARKS & OPEN SPACE 4. GATEWAY SIGNAGE & MURAL PROGRAM 5. SEWER & SEPTIC INFRASTRUCTURE IMPROVEMENTS o� < 6. COMMERCIAL NODE ALONG MAYPORT ROAD 7. MARKETING, EVENTS & PROGRAMMING COORDINATOR < 8. HOMEOWNER & BUSINESS IMPROVEMENT GRANTS 9. REVITALIZE THE INDUSTRIAL DISTRICT 10. MASTER STORMWATER STUDY 11. COMMUNITY CODE ENFORCEMENT & POLICING PROGRAM 12. PROPERTY ACQUISITION (Eligible for storrnwater, parking, or other public purposes) 13. UPDATE COMPREHENSIVE PLAN & LAND DEVELOPMENT CODE 1. TRANSFORM MAYPORT ROAD INTO A COMPLETE STREET GOALS 1.A.-1.'B.-1.C.-1.D.-1.E.-2.B.-S.C. ■ Increase safety along Mayport Road by providing complete street techniques and new pedestrian- and bike -friendly infrastructure ■ Analyze roadway improvements with affiliated agencies (FDOT, North Florida TP0) ■ Increase economic activity along the corridor Estimated cost for Corridor Planning and Concept Design Study: $250,000 POTENTIAL COMPLETE STREET COMPONENTS ▪ Lighting ■ Street Trees • Additional Landscaping ▪ Transit Shelters ▪ Wayfinding Signage ▪ Pavement Striping ■ Fiber Optic Communications ■ Sidewalk Improvements 1 Stormwater Improvements ▪ Midblock Crossings/Crosswalks ■ Pavement Markings ■ Bike Racks s wind Pedestrian R 2. IMPROVEMENTS TO NEIGHBORHOOD ROADS GOALS 4.C. - 4.D. - 4.E. - 5.C. • Provide safety and connectivity within residential areas • Connect the Beaches to the Marsh ■ Specific costs estimates provided through a series of complete street audits in which more detailed roadway improvements are identified Estimated cost: $2.9M - $11.3M Summary of Estimated Costs Road Linear Feet Existing Right -of- Low Estimate High Estimate Way ($130/1f}* ($500/If) Dutton Island Road Main Street Mealy Street Levy Road/Donner Road 5,000± 5,400± 1,750-1- 2,200± ,750±2,200± 50' — 60' 49' — 63' 48' — 62' 20' — 66' Francis Avenue Reconstruction funded by CDBG funds Stormwater Pathway between 1,050± Main St and Orchid St n/a $650,000 $702,000 $227,500 $286,000 $136,500 $2.5M $2.7M $875,000 $1.1M $525,000 West Plaza Street 760± 50' $98,800 $380,000 Orchid Street 3,250± 50' $422,500 $1.63M 4th Street 710± 50' $92,300 $355,000 3rd Street 740± 52' — 58' $96,200 $370,000 1ST Street 1,800± 47' — 50' $234,000 $900,000 TOTAL 24,610± $2.9M± $11.3M± NOTE: Estimated costs are provided for budgeting purposes only and do not include right-of-way acquisition, utility relocation or permitting costs. Final cost will be refined at the time of design and construction. *source: FDOT Long Range Estimating System Project Details Composite Report 3. IMPROVEMENTS TO PARKS AND OPEN SPACE GOALS 4.C. - 4.D. - 4.E. - 5.C. CRA Plan provides funding for implementation of a Parks Master Plan E Provide infrastructure improvements to existing parks and open space Increase variety of ecotourism and recreational activities for the community and visitors Increase options for physical activity for residents, supported through Healthy Community Design Estimated cost: $50y000/year 4. GATEWAY SIGNAGE AND MURAL PROGRAM GOALS 2.B.- 2.C. ▪ Provide aesthetics at the entrance to Atlantic Beach ▪ Engage the community in an arts -based civic engagement initiative, hiring local artists in a mural program ■ Brand the Mayport Road Corridor and enhance community identity Estimated cost: $50,000 for Design; up to $500,000 for construction S. SEWER AND SEPTIC INFRASTRUCTURE IMPROVEMENTS GOAL 4.D. II Provide a means for all residents to connect to city Utilities • Protect environmentally sensitive areas along the Intracoastal • Create a sewer connection loan program Estimated cost: $2.35M± aren't kr IT RIA �• •." - Legend Draft CRA eaundary El Llet Suwon ® US Stollen • Private + Septic Tanks Sewer Lines - PVC - vc Wetlands ZONE AE Summary of Estimated Costs Item Description Quantity Unit Unit Cost Total Cost 1 Septic Tank Removal 46 2 8" Wastewater gravity main 5,000 3 Wastewater Manhole 4 Lift Station 5 Private Grinder Lift Station 4 6 Upgrade existing lift station 2 18 1 7 Replace existing roadway for 5,000 wastewater install EA $7,500.00 LF $25.00 EA $4,000.00 EA $175,000.00 EA $50,000.00 EA $50,000.00 LF $175.00 8 General Conditions and 1 LS $151,360.00 Mobilization (8%) Subtotal Contingency (15%) TOTAL NOTES: 1. General Conditions and Mobilization to include testing, layout, and permits. 2. Land Acquisition costs not included. 3. Assumed that TV Video/Laser Profile is not included. 4. Removal of unsuitable soils and muck is not anticipated or included. 5. Tree removal or repair is not included. 6. Performance and Payment bonds not included. 7. Costs to remove septic tanks includes associated impact fees. $345,000.00 $125,000.00 $72,000.00 $175,000.00 $200,000.00 $100,000.00 $875,000.00 $151,360.00 $2,043,360.00 $306,504.00 $2,349,864.00 6. COMMERCIAL NODE ALONG MAYPORT ROAD GOALS 1.E. - 3.E. - 5.A. - 5.B. o Increase commercial activity along Mayport Road in currently underutilized areas or where there are vacancies Connects East to West (coast to marsh) at a common gathering point • Provide opportunities for small businesses to sell their goods/services, increasing overall economic vitality • Catalyze the community in pop-up events including live entertainment Estimated cost: $12,000 - $60,000/yea r 7. MARKETING, EVENTS & PROGRAMMING COORDINATOR GOALS 3.A. — 3.B. — 5.A. - 5.D. ® Ensure the longevity of community programs and promote increased attendance at community-based initiatives and events ® Provide a permanent Liaison and support between the community, Local businesses, and the City ■ Promote the unique character of the Atlantic Beach community and attract new visitors to the area Estimated cost: $40,000 - $50,000/year COIOIWIRESTAUIiUlft'"uuw"" BOSINESSESTIDEVIEWS PRESERVE ' COMMUNITY PEOPLE PRESERVES MARSHES S;afNTIA[ HAVORT QUiFF DUTTON .MM}'1k NAVY BEDRStTAUHAI PERSIAUTT MILITANT 8. REVITALIZE THE INDUSTRIAL DISTRICT GOALS 2.C. - 3.C. - 3.E. • Provide more variety in the types of businesses allowed in the Industrial District ■ Provide incentives for facade improvements and pavement restoration to revitalize the district • Provide opportunities for businesses in the area to work with the US Navy and Chamber of Commerce through new branding strategies Estimated cost: TBD Wynwood District in Miami Pearl District in Portland 9. HOMEOWNER AND BUSINESS IMPROVEMENT GRANTS GOALS 2.C. - 3.C. - 3.E. E Provide opportunities for businesses and residences to revitalize the appearance of their homes, storefronts or parking Tots • Provide infrastructure needs such as new lighting, pavement, bike parking, and ADA needs, increasing safety in the area a Help to increase sales, shopping traffic and property values in the area Estimated cost: $50,000/year 10. MASTER STORMWATER STUDY GOAL 4.C. Identify specific infrastructure needs to improve adequate catchment of stormwater run-off 7 Eliminate current flooding hazards in the study area Estimated cost: $50,000 1 FG END Q CRA Boundary aao Near Floodplain Road Identified as Flooding Ha¢aard xnFxrrFRLA r.. � fFMYN 84"1:1 11. COMMUNITY CODE ENFORCEMENT & POLICING PROGRAM GOAL2.B.-4.D.-4.E. ■ Dedicated officer to work with individuals and businesses to strengthen neighborhood -based organizations, and thus overall safety ■ Act as a liaison to all related City divisions and departments 12 Provide public education activities, newsletters, and outreach lg Assist in the preparation and implementation of community goals Assist with code enforcement violations Estimated cost: $50,000/year O 12. PROPERTY ACQUISITION (Eligible for stormwater, parking, or other public purposes) GOAL 2.B. - 4.D. - 4.5. • Provide new property for public parking or stormwater infrastructure • Provide redevelopment opportunities through private -public partnerships E Create easement agreements to increase right-of-way where needed Estimated cost: fair market value at time of acquisition 13. UPDATE COMPREHENSIVE PLAN AND LAND DEVELOPMENT CODE GOALS 3.C. -3.D. -4.A. -5.B. Provide more flexible zoning options and permitted uses • Increase buffers between commercial or industrial uses and residential • Increase opportunities for new businesses in the study area Draft complete street policies for neighborhood roads • Potential to decrease parking requirements with mixed-use developments Estimated cost: $100,000 Summary of Estimated Costs Project or Program Probable Costs* 1 Transform Mayport Road into a Complete Street* 2 Improvements to Neighborhood Roads 3 Improvements to Parks and Open Space* $250,000 for initial Corridor Study $2.9M — $11.3M $50,000/year 4 Gateway Signage and Mural Program* $50,000 for Design, up to $500,000 for construction 5 6 7 8 9 10 11 12 13 Sewer and Septic Infrastructure Improvements $2.35M± Commercial Node Along Mayport Road $12,000-60,000/year Marketing, Events & Programming Coordinator $40,000-50,000/year Revitalize the Industrial District tbd Homeowner and Business Improvement Grants $50,000/year Master Stormwater Study* $50,000 Community Code Enforcement and Policing Officer $50,000/year Property Acquisition tbd Update Comprehensive Plan and Land (Development $100,000 Code *Planning level capital costs, where shown, are for illustrative purposes only. Actual costs will be based on the best fee proposal or bid price for each element of the Capital Improvement Program at the time the project is implemented. Schedule of Improvements First Year Near Term Mid Term Long Term Year 1 Years 2-5 Years 5-10 Years 10+ TIF Base Year Established 1 Transform Mayport Road into a Complete Street..---- - u cu 'a 2 Improvements to Neighborhood Roads 3 Improvements to Parks and Open Space P p p a 4 Gateway Signage 5 Sewer and Septic infrastructure Improvements 6 Commercial Node along Mayport Road 7 Marketing, Events & Programming Coordinator 8 Homeowner and Business improvement Grants 9 Revitalize the Industrial District 10 Master Stormwater Study 11 Community Code Enforcement and Policing Program 12 Property Acquisition 13 Update Comprehensive Plan and Land Development Code CRA 101 Chapter 163 of the Florida Statutes authorizes local governments to address blighted conditions through the creation of Community Redevelopment Plans Step One: Finding of Necessity • Establishes presence of slum/blight • Authorizes Community Redevelopment Area Step Two: Community Redevelopment Plan • Programs and Capital Improvements • Funded by Tax Increment Financing • Reviewed by taxing authorities and state CRA 101 Finding of Necessity Two or more of these conditions must be documented: Defective or inadequate street layout, parking facilities, roadways, bridges, etc. Deterioration of site/area Unsanitary or unsafe conditions High commercial & residential vacancy rates Assessed values fail to appreciate over 5 years Faulty lot layout (size, adequacy, accessibility, usefulness) Government-owned property with adverse environmental conditions High density of population compared Falling commercial lease to surrounding rates areas/municipality Tax delinquency Fire & emergency medical service calls Building Code violations Unusual title conditions Incidence of crime higher than municipality (Source: Sec 163.340, F.S.) What is Tax Increment Revenue? • Often referred to as "tax increment financing" or "TIF" ▪ Calculated from increases in taxes collected by certain taxing authorities over what was collected in an established "base year" and remitted by those authorities to the CRA for use in financing redevelopment activities. ® Not a new ad valorem tax TAX REVENUE Tax $ available to CRA 43 ••••• blighted tax $ '. wouid decrease YEARS year the Plan is adopted Tax base to local government remains constant at this level until the Community Redevelopment Plan has been implemented or at the end of a 30 -year period from the date of adoption. What can TIF funds be used for? The uses proposed for the TIF must be set out in the adopted Redevelopment Man, and generally includes the following: — Acquisition of property. — Demolition of buildings. — Relocation expenses associated properties. — Affordable housing programs. Construction of streets, utilities, parks, playgrounds, public areas in convention facilities, parking facilities, and other improvements. Disposition of property. �- Repair and rehabilitation of buildings or other improvements. Payment of debt service on loans or tax increment revenue bonds. Community policing initiatives. Administrative and planning expenses associated with carrying out the redevelopment program. Mayport Road CRA TIF Projections ILS Full Millage Scenario: — City of Atlantic Beach Millage Rate of 3.3285 — City of Jacksonville Millage Rate of 8.1512 $1.9.:. $16.3 $79.5 $315.0 '5663 POTENTIAL 20 -YEAR TIF REVENUE 3% ANNUAL GROWTH/"'FULL MILLAGE" SCENARIO 51539 $6e.® 20 -YEAR TOTAL CONTRIBUTION ATLANTIC BEACH _ $4,160,125 JACKSONVILLE = $10,025,132 GRAND TOTAL = $14,185,251 $349. $3092 $251.4 S7o8.a $156.3 $1062 #1246 $144.6 539e9 $10.7 $499.1 51se4 $556.0 $5018 $669.4 $oo' $7110.7 51«&7 $ $417.3 $9!40 08.2 $2347 553.9 5277.8 13024 S=7.7 53538 53E[3-7 54063 51.0527 $4359 YEAR YEAR YEAR YEAR YEAR YEA RYEAR YEAR YEA RYEAR VEARY EAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR 1 2 3 4 5 6 7 E 9 10 1.1 12 13 14 15 16 17 18 19 20 Atlantic Beach Jacksonville Comparison of TIF Projections Potential TIF Revenues over 20 Years in Millions 16.00 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 ■ Parity Scenario • Full Millage Rate 50% coJ SO% COAB 71% C0J 29% COAB Moderate (3% Increase) $8.32 million $14.19 million ■ Parity Scenario D Full Millage Rate Pros and Cons of Adopting CRA Plan o Pros — City of Jacksonville Funds get invested within the CRA • At 1% growth, the CRA can accrue an additional $2.9 million over 20 years • At 3% growth, the CRA can accrue an additional $10 million over 20 years • At 5% growth, the CRA can accrue an additional $19.2 million over 20 years — Offers support to COAB General Fund • COJ TIF revenues to directly fund programs in the plan such as policing, code enforcement, parks, utilities, etc. • General fund still receives base year tax revenue from CRA properties — Creates a long term commitment to invest in the area and Champions for the Plan in the form of community officers and coordinators ® Cons: --- Slightly less flexible than using General Fund revenues — Additional administrative duties Summary • TAC vetted and unanimously recommended Plan Lm Accrue Cal tax dollars to supplement Projects and Programs in the Plan • Recommended Projects and Programs will not only help to revitalize the area, but will help to attract new investors to the area O Use the Plan as a catalyst to entice revenues from other regional sources, such as the North Florida TPC and FDOT O Create new C3AB jobs, which will create permanent champions for the Plan who work specifically for and with the community ni Ensures long-term commitment for investment and growth in the CRA DRUGS SPEEDING UNSAFE IHDRSTRIdl CRIME EMPTY- 000 mmn SEWER TRASH IRMu SH ABBY CODE OLD mamm `" GATEWAY LIGHTING BLIGHT MEDIAN BOAS gCANT6RORRYMws°" WALKING STORE BUSINESS TRANSIENT Iau6o4DDANGEROUS Ennis DRAINAGEPOIICE BAR POOR MECAME TATTOO RETAIL STRAE BONELESS TRAFFIC mom TERRY USED LAAIIIE FLTMIpp 4AR TE TIRED PLAZA ENI! INTUSECTIONS COMM PARKING !KING OMLTTBA:TIYL MESON; DiFLELNEKI ISESITAL CRA Implementation Finding of Necessity Redevelopment Trust Fund • Atlantic Beach adopts Finding of Necessity • Atlantic Beach establishes the Community Redevelopment Agency • Meet with Councilmember Gulliford, choose preferred TIF scenario (parity or full millage) • Atlantic Beach Community Development Board reviews CRA Plan • CRA submitted to Jacksonville and Duval County for review • Joint Public Hearing (if necessary) • City of Atlantic Beach to adopt CRA Plan by ordinance J • Atlantic Beach adopts Ordinance to establish Redevelopment Trust Fund • Atlantic Beach must file audit of Trust Fund each fiscal year. • Project design, funding, and implementation!