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
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2
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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
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BOSINESSESTIDEVIEWS PRESERVE
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PEOPLE PRESERVES
MARSHES
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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
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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
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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
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• 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!