FINAL BUDGET HEARING Downtown Development Authority Tuesday, September 21, 2021 5:05 PM 300 Clematis Street, Suite 200 West Palm Beach, FL 33401 https://us02web.zoom.us/j/89525044089 Dial: +1 929 436 2866 Webinar ID: 895 2504 4089
CALL TO ORDER
Rick Reikenis
PUBLIC HEARING FORMAT
Max Lohman
PRESENTATION •
Proposed Millage Rate and Tentative Budget
Raphael Clemente
PUBLIC COMMENTS AND QUESTIONS NEW BUSINESS •
Adoption of Resolution 06-2021 Setting Final Millage Rate for Fiscal Year 2021-2022 Rick Reikenis
•
Adoption of Resolution 07-2021 Final Budget for Fiscal Year 2021-2022
Rick Reikenis
CLOSE THE PUBLIC HEARING ADJOURNMENT
Rick Reikenis
300 Clematis Street, Suite 200, West Palm Beach, FL 33401 Phone: 561.833.8873|Fax: 561.833.5870| www.downtownwpb.com
DDA BUDGET - FINAL PUBLIC HEARING SEPTEMBER 21, 2021 1. 2.
3. 4. 5.
6.
7. 8.
The DDA should conduct the final public hearing on the proposed millage rate and the tentative budget in the following manner: After calling the final public hearing to order, the public hearing should be opened, and staff should make a presentation including the following items: • Announce that the proposed millage rate of 1.0 mill necessary to fund the budget is a 41.5% decrease from the rolled back rate of 1.7092. Announce the proposed millage rate of 1.0 mill Provide summary of the tentative adopted budget Any member of the public desiring to address the DDA on the proposed millage or the tentative budget should be given the opportunity to do so. The public is permitted to ask questions prior to the closing of the public portion of the hearing. The DDA may amend the tentative budget and re-compute the proposed millage rate. If the millage rate is changed, there must be a public announcement of the percent, if any, by which the new millage rate exceeds the rolled-back rate. The public portion of the hearing should be closed. Staff should make the following announcement: The West Palm Beach Downtown Development Authority’s rolled back rate is 1.7092 mills. The Downtown Development Authority is levying ad valorem taxes at a millage rate of 1.00 mill, which is a 41.5% decrease from the roll back rate.
9. 10.
Resolution 05-2021 should be read by title only, and then adopted by motion the motion should be "I move that the Adoption of Resolution 0 5-2021, setting the final millage rate for fiscal year 2021/2022 be set at 1.0000 mill".
11.
Resolution 0 6 -2021 should be read by title only, and then adopted by motion. The motion should be "I move the approval of Resolution 0 6 -2021, adopting the final budget for fiscal year 2021/2022.
12.
By motion, the DDA should adjourn the public hearing and the meeting.
RESOLUTION NO. 06-2021 A RESOLUTION OF THE WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY ADOPTING A FINAL MILLAGE RATE FOR FISCAL YEAR 2020/2021; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES WHEREAS, by State law, the West Palm Beach Downtown Development Authority, an independent special district, is required to annually hold advertised public hearings in order to fix a millage rate to be levied by the Downtown Development Authority; and WHEREAS, the Downtown Development Authority held a public hearing on September 13, 2021, adopting a proposed millage rate and tentative budget; and WHEREAS, the Downtown Development Authority duly advertised and held a public hearing on September 21, 2021, in order to adopt a final millage rate and final budget, in accordance with Section 200.065(2)(d), Florida Statutes. NOW, THEREFORE, BE IT RESOLVED BY THE WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY THAT: Section 1:
The Downtown Development Authority does hereby adopt its final millage rate of 1.0000 mill to be levied necessary to fund the final budget upon all real property located within the boundaries of the above-named taxing authority.
Section 2:
The final levy of 1.0000 mill is a 41.5% decrease from the rolled back rate of 1.7092 mills.
Section 3:
This final millage rate of 1.0000 mill is levied to fund expenses for the fiscal year commencing October 1, 2021, and ending September 30, 2022.
Section 4:
This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 21st DAY OF SEPTEMBER 2021 WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY ________________________________________ Rick Reikenis, Chairman ATTEST: __________________________ CERTIFICATE I, the undersigned, Executive Director of the West Palm Beach Downtown Development Authority, do hereby certify that the foregoing is a true and correct copy of the Resolution adopted by said Authority on the 21st day of September 2021. _____________________________ RAPHAEL CLEMENTE EXECUTIVE DIRECTOR 300 Clematis Street, Suite 200, West Palm Beach, FL 33401 Phone: 561.833-8873|Fax: 561.833.5870| www.downtownwpb.com
RESOLUTION NO. 07-2021 A RESOLUTION OF THE WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY ADOPTING THE FINAL BUDGET FOR FISCAL YEAR 2021/2022; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES WHEREAS, in accordance with State law, the West Palm Beach Downtown Development Authority, an independent special district, is required to hold advertised public hearings each fiscal year in order to adopt an annual budget; and WHEREAS, the Downtown Development Authority held a public hearing on September 13, 2021, regarding the proposed millage and tentative budget; and WHEREAS, the Downtown Development Authority duly advertised and held its final public hearing on September 21, 2021 to adopt a final millage rate and final budget, in accordance with Section 200.065(2)(d), Florida Statutes. NOW, THEREFORE, BE IT RESOLVED BY THE WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY THAT: Section 1:
The proposed expenditures in the final budget are $8,547,000. The budget is based on a taxable value of real property of $2,589,879,416, personal property of $0, and anticipated ad valorem revenue of $2,460,385.
Section 2:
The final budget, attached as Exhibit A, is approved and the funds may be expended commencing on October 1, 2021, and ending on September 30, 2022.
Section 3:
Any and all carryover funds from the 2020/2021 final budget not expended during the fiscal year 2020/2021 may be used and expended during subsequent fiscal years.
Section 4:
This Resolution shall take effect immediately upon adoption. PASSED AND ADOPTED THIS 21st DAY OF SEPTEMBER 2021 WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY ________________________________________ Rick Reikenis, Chairman
ATTEST: _________________________
CERTIFICATE I, the undersigned, Executive Director of the West Palm Beach Downtown Development Authority, do hereby certify that the foregoing is a true and correct copy of the Resolution adopted by said Authority on the 21st day of September 2021. _____________________________ RAPHAEL CLEMENTE EXECUTIVE DIRECTOR 300 Clematis Street, Suite 200, West Palm Beach, FL 33401 Phone: 561.833-8873|Fax: 561.833.5870| www.downtownwpb.com
$
Façade Improvement Programs
Property & Business Incentives
Business Partnerships
6240
6320
6330 Totals
$
-
0
0
0
$
45,000 479,000
324,000
100,000
0
0
0
10,000
0
$
Business Training and Support
6230
-
2021-2022 CRA
4,738,785
6230-01 Business Training and Support - 12x12
$
$
0
Leasing/Brokers Meetings
6195
2021-2022 DDA
256,685
0 4,738,785 0 0 0 0 0 0 0 0 0 0 0 0 0
2021-2022 CRA
0
Business Development Grand Openings/New Business Training
Total Revenue $
Tax Revenues TIF DDA/CRA Interlocal Agreement DDA/City Interlocal Agreement CRA Project Funding Marketing/Sponsors/Dues Reimbursements - Physical Environment Reimbursements - Business Devlopment Reimbursements - Marketing & PR Interest - Seacoast Bank Rosemary Square MOU Grants Fees/Services Sponsorships Virgin Trains USA Ticket Sales Carryforwards
6140
4010 4020 4030 4032 4035 4040 4046 4047 4048 4050 4060 4070 4071 4072 4080
2021-2022 DDA 2,460,385 $ (2,278,400) 74,600 0 0 0 0 0 0 100 0 0 0 0 0 0
$
$
$
$
-
-
CRA/City Project Fund
CRA/City Project Fund
0
0
0
0
0
0
-
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
West Palm Beach Downtown Development Authority FY 2021/2022 Adopted Budget September 21, 2021 Resolution No. 06-2021 Exhibit A
3,190,605
0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,190,605 $
$
360,925
0 0 0 0 0 0 0 0 0 0 0 0 0 0 360,925
$
$
60,000 456,505
75,000
106,515
0
145,450
40,500
29,040
$
$
0
0
0 49,188
0
0
49,188
-
CRA Carry Forward DDA Carry Forward
$
$
CRA Carry Forward DDA Carry Forward
$
$
$
$
105,000 984,693
399,000
206,515
49,188
145,450
40,500
39,040
Grand Total
8,547,000
Grand Total 2,460,385 (2,278,400) 4,813,385 0 0 0 0 0 0 100 0 0 0 0 0 3,551,530
Pressure Washing, Cleaning & Maintenance
Signage and Pedestrial Wayfinding
Landscape Maintenance
Graffitti Removal
Capital Projects
Downtown Cleaning Team
Marketing /Public Relations Advertising PR/Marketing Retail Promotions Community and Cultural Promotions Value Added Events Marketing Programs, Equipment & Web Collateral Materials
Neighborhood Services Residential Programming Community Engagement Transportation (Trolley) Security and Policing Public Space Programs Homeless Outreach
6220
6236
6245
6270
6280
6290
6295
6120 6122 6190 6210 6235 7700 6300
6372 6375 7500 7600 7605 7610
$
$
Totals $
Totals $
Totals
Public Realm Maintenance Holiday Lights 0
0
-
0 0 0 0 0 0
2021-2022 DDA 11,000 0 0 0 0 65,000 76,000
2021-2022 DDA
0 74,600
0
0
74,600
2021-2022 DDA
$
$
$
$
$
2021-2022 CRA 39,000 60,000 50,000 575,000 20,000 0 744,000
2021-2022 CRA 150,000 75,000 25,000 110,000 75,000 125,000 75,000 635,000
360,000 1,534,785
0
15,000
470,000
29,785
500,000
2021-2022 CRA 160,000 $
$
-
CRA/City Project Fund $ -
$
CRA/City Project Fund $ -
$
$
CRA/City Project Fund -
0 0 0 0 0
0 0 0 0 0 0 -
-
0
0
0
West Palm Beach Downtown Development Authority FY 2021/2022 Adopted Budget September 21, 2021 Resolution No. 06-2021 Exhibit A
$
0 15,000 730,000 250,000 20,000 0 1,015,000
CRA Carry Forward
CRA Carry Forward $ 332,295 151,240 60,000 60,000 104,522 50,000 50,000 $ 808,057
$
55,000 322,487
100,000
10,000
62,487
80,000
0
CRA Carry Forward 15,000 -
0 -
0
0
0
0
0
$
0 0 0 0 10,000 10,000
DDA Carry Forward $ -
DDA Carry Forward $ 60,596 0 0 30,000 0 0 48,873 $ 139,469
$
$
DDA Carry Forward
$
$
$
$
Grand TOTAL 50,000 75,000 780,000 825,000 40,000 75,000 1,845,000
Grand TOTAL 542,891 226,240 85,000 200,000 179,522 175,000 173,873 1,582,526
415,000 1,931,872
100,000
25,000
607,087
109,785
500,000
Grand TOTAL 175,000
Operations Dues Hospitality Board Meetings/Legal Notices Publications Telephone
Professional Services Studies and Surveys Accounting Audit Legal Professional Services
Personnel Insurance Rent Tax Collection Travel & Training Reserves
6010 6040 6030
6420 6430 6440 6450 6460
6241 6510 6520 6530 6540
7000 7100 7200 7300 7800 7900
$
Totals $
$
Totals $
Totals $
$
Totals $ Total Expenses
General Office General Office Equipment, Computers & Programs General Postage 0 0 -
-
0 0 18,000 17,285 0 35,285 256,685
2021-2022 DDA
24,000 0 20,000 0 44,000
2021-2022 DDA
0 7,000 5,500 300 14,000 26,800
2021-2022 DDA
2021-2022 DDA
$
$
$
$
$
$
0 0 0 0 0 -
2021-2022 CRA 890,000 40,000 198,000 0 0 0 1,128,000 4,738,785
2021-2022 CRA 50,000 0 25,000 0 58,000 133,000
2021-2022 CRA
2021-2022 CRA 35,000 42,000 8,000 85,000
$
$
$
$
$
$
$
-
CRA/City Project Fund
CRA/City Project Fund
CRA/City Project Fund
CRA/City Project Fund
0
0 0 0 0 0
0 0 0 0 -
0 0 0 0 0 -
-
0
West Palm Beach Downtown Development Authority FY 2021/2022 Adopted Budget September 21, 2021 Resolution No. 06-2021 Exhibit A
CRA Carry Forward 0 0 0 0 0 -
15,000 4,000 19,000
$
$
0 0 0 8,000 489,756 497,756 3,190,605
CRA Carry Forward
CRA Carry Forward $ 32,300 0 2,500 0 37,000 $ 71,800
$
$
$
CRA Carry Forward
$
$
$
$
$
$
$
0 0 -
0 0 0 0 138,018 138,018 360,925
DDA Carry Forward
0 0 12,000 0 12,000
DDA Carry Forward
0 12,250
DDA Carry Forward 9,000 3,250 0
DDA Carry Forward
$
$
$
$
$
$
$
Grand TOTAL 890,000 40,000 198,000 18,000 25,285 627,774 1,799,059 8,547,000
260,800
Grand TOTAL 82,300 24,000 27,500 32,000 95,000
9,000 10,250 5,500 300 14,000 39,050
Grand TOTAL
Grand TOTAL 35,000 57,000 12,000 104,000