The URL can be used to link to this page

Home My WebLink About09-17-2024 Agenda PacketFIFTY WEST OCOEE COMMUNITY REDEVELOPMENT AGENCY Ocoee Commission Chambers 1 N. Bluford Avenue Ocoee, Florida September 17, 2024 • CALL TO ORDER AGENDA 111 .t -Al za Jt Roll Call and Determination of Quorum • PUBLIC COMMENTS • OLD BUSINESS • NEW BUSINESS 1. Approval of Minutes of the June 4, 2024 CRA Regular Meeting 2. Economic Development Grant 3. Proposed FY 2024-2025 Budget 4. FY 2024-2025 CRA Board Meeting Dates • MISCELLANEOUS 1. Project Updates •ADJOURNMENT NOTICE: IN ACCORDANCE WITH FLORIDA STATUTE 286.0105: ANY PERSON WHO DESIRES TO APPEAL ANY DECISION AT THIS MEETING WILL NEED A RECORD OF THE PROCEEDINGS AND FOR THIS PURPOSE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE WHICH INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS BASED. IN ACCORDANCE WITH FLORIDA STATUTE 286.26: PERSONS WITH DISABILITIES NEEDING ASSISTANCE TO PARTICIPATE IN ANY OF THESE PROCEEDINGS SHOULD CONTACT THE OFFICE OF THE CITY CLERK, 1 N. BLUFORD AVENUE, OCOEE, FL 34761, (407) 905 -3105, 48 HOURS IN ADVANCE OF THE MEETING. Page 1 of 32 FIFTY WEST OCOEE COMMUNITY REDEVELOPMENT AGENCY Ocoee Commission Chambers 1 N. Bluford Avenue Ocoee, Florida June 4, 2024 MINUTES 5:00 PM CRA REGULAR MEETING • CALL TO ORDER Chair Wilsen called the Community Redevelopment Agency Board to order at 5:00 PM in the Commission Chambers of City Hall. Recording Clerk Justice called roll and declared a quorum present. Roll Call: Chair Wilsen, Vice -Chair Kennedy, Member Johnson, Member June, and Member Koovakada Absent: Member Firstner, Member Oliver Also Present: Assistant City Manager Shadrix, Deputy Development Services Director/CRA Administrator Corless, Redevelopment Program Manager Vaca, City Attorney Geller, and Recording Clerk Justice • PUBLIC COMMENTS No speaker reservation forms were received. • OLD BUSINESS - None • NEW BUSINESS 1. Approval of Minutes of the March 5, 2024 CRA Board Meeting Vice -Chair Kennedy, seconded by Member Johnson, moved to approve the CRA Regular Meeting Minutes from March 5, 2024, as presented. Motion carried 5-0 with Member Firstner and Member Oliver absent. 2. 2023 Audit Presentation Redevelopment Program Manager Vaca presented a brief overview of the 2023 CRA Financial Statement, which was completed by auditor Purvis Grey. She further explained that the CRA complied in all material aspects with the requirements of Chapters 163 and 218 of Florida Statutes. Chair Wilsen asked if a motion was needed to approve the report's acceptance and was informed that a motion was not necessary. Page 2 of 32 CRA Meeting June 4, 2024 3. 2024 Budget Amendment Redevelopment Program Manager Vaca briefly explained the proposed budget amendment and detailed the adjustments and transfers that would be made to accommodate the proposal. Vice -Chair Kennedy inquired about the deductions made from the Capital Improvements budget, account 6302. Redevelopment Program Manager Vaca addressed his question. Discussion ensued. City Attorney Geller read the title of the resolution. Member June, seconded by Member Koovakada, moved to adopt CRA Resolution No. 2024-001 of the Ocoee Community Redevelopment Agency. Motion carried 5-0 with Member Firstner and Member Oliver absent. • MISCELLANEOUS Project Updates Deputy Development Services Director/CRA Administrator Corless provided a brief update on the CRA Redevelopment Plan. She gave a further update on the Downtown Redevelopment. Deputy Development Services Director/CRA Administrator Corless advised the board that the Wellness Park Restroom is 100% designed and construction documents have been turned over to Finance to place the project out to bid. She explained the urban design of the restroom, honoring Healthy West Orange which gave nearly $3 million for the construction of Wellness Park. Deputy Development Services Director/CRA Administrator Corless provided an additional update on the S. Bluford Avenue Complete Street Project, and explained that the plan is to permit the entire project (both the City and CRA portions) at the same time through St. Johns Water Management District. Depending on funding mechanisms, it is anticipated that the project will be put out for bid by the end of the calendar year, or the first quarter of next year at the latest. 2. Outreach Deputy Development Services Director/CRA Administrator Corless detailed efforts to distribute information regarding the CRA throughout the community. Staff worked to create more outreach material and collaborated with other departments to attend and host booths at many events, such as Best Fest. Additionally, copies of the Annual Report are frequently being replenished in the lobby at City Hall. Staff is also continuously meeting with developers to discuss economic development. Deputy Development Services Director/CRA Administrator Corless announced that the next meeting will be in September, and will cover the Budget. 2 1 P a g Page 3 of 32 CRA Meeting June 4, 2024 • :4 BXKGI1i1N Vice -Chair Kennedy inquired about the Bluford Complete Street Project's effect on the timing of the finding of necessity for the CRA Redevelopment Plan update. Deputy Development Services Director/CRA Administrator Corless addressed his question. Discussion ensued. -ADJOURNMENT The meeting was adjourned at 5:18 PM Attest: Miranda Justice, Recording Clerk Chair 31a0 Page 4 of 32 TO: CRA Board FROM: Ginger Coriess, AICP, CPRP, FRA Acting Development Services Director/CRA Administrator DATE: September 10, 2024 RE: Westgate Resorts Relocation of 106 High -Paying Positions to Ocoee One of the goals of the CRA is to increase economic opportunities within the Fifty West Redevelopment District. This includes bringing high -pay jobs to the District. Over the past few months, Michael Rumer and myself have been speaking with Westgate Resorts regarding their need to cut down on the number of job centers and relocate positions in a manner that increases their overall efficiency. They were looking at their Ocoee location, 2801 Old Winter Garden Road, and another location in the greater Orlando area. Westgate Resorts estimated the cost to refurbish their Ocoee location and move their employees is $3,500 per person. Based on these conversations, we drafted and presented an economic development incentive, in the form of a grant, to assist with the interior buildout needed to relocate 106 jobs with an annual salary of $60,000+ to their Old Winter Garden Road location. The estimated annual salaries for these positions is $6.5 million. • FF&E/Moving Expense Reduction: We are requesting the CRA approve an amount of $1,200.00 per confirmed relocated full-time position, earning above the median salary for Orange County ($62,230), for FF&E / Moving expenses, up to $127,200.00, for fiscal year 2024-2025. Attached to this memo is an Economic Development/Interior Buildout Grant Agreement. The agreement lays out the terms of the grant, including the obligations of both the CRA and Westgate Resorts. Staff believes that this grant is not just about creating high -wage jobs within our City, it's also about contributing to the local economy, providing in -migration of jobs to counter the large migration of jobs out of town, and aligns with in the direction Ocoee is heading. In addition to the 106 positions to be located in Ocoee, Westgate Resorts is looking to a future phase which would bring an additional 250 full time team members and $16 million in yearly salaries to Ocoee. Staff will be in further discussions with Westgate to grow the Westgate footprint in Ocoee with the redevelopment of the Scotty's building based on the Master Plan the City/CRA conceived with the Westgate Team. Attachments: Grant Agreement Page 5 of 32 ECONOMIC DEVELOPMENT/INTERIOR BUILDOUT GRANT AGREEMENT THIS GRANT AGREEMENT (the "Agreement") is made and entered into as of the Effective Date (hereinafter defined) by and between the CITY OF OCOEE COMMUNITY REDEVELOPMENT AGENCY, a redevelopment agency established by the City of Ocoee (the "CRA"), having an address at 1 N. Bluford Ave. Ocoee, FL 34761, and WESTGATE RESORTS LTD, a Florida Limited Partnership (the "Grantee"), whose principal address is 5601 Windhover Drive Orlando, FL 32819 and whose Federal Employer I.D. Number is 59-3350950. RECITALS: WHEREAS, in accordance with Florida Statutes Chapter 163, the CRA was established by the City of Ocoee for the purpose of revitalizing the redevelopment area and eliminating blighted conditions within the CRA boundaries; and WHEREAS, the CRA has created a Community Redevelopment Plan (the "Plan") which identifies the development of public -private partnerships for the purpose leveraging tax increment and other revenue sources as an ongoing goal of the CRA; and WHEREAS, the Grantee is the owner of the real property as more particularly described in Exhibit "A" attached hereto and by this reference made a part hereof (the "Property") located within the boundaries of the CRA with an address of 2801 Old Winter Garden Road Ocoee, FL 34761; and WHEREAS, the Grantee is expanding operations and anticipates creating or relocating over 100 high -value jobs earning above the average annual wage in Orange County to the Property; and WHEREAS, the Grantee has requested, from the CRA, financial assistance with the furniture, fixtures, and equipment (FF&E) and moving expenses associated with relocation of these jobs; and WHEREAS, the CRA has deemed this request consistent with the Plan and has approved an award of grant to the Grantee in an amount not to exceed ONE HUNDRED TWENTY-SEVEN THOUSAND TWO HUNDRED DOLLARS ($127,200) (the "Grant") to be used for reimbursement of the relocation expenses; and WHEREAS, the Grantee desires to accept the Grant subject to the terms, conditions, and restrictions as set forth in this Agreement. NOW, THEREFORE, in consideration of the Grant and the mutual agreements herein and other good and valuable consideration, the receipt, adequacy, and sufficiency of which are hereby expressly acknowledged, the parties hereto do hereby agree as follows: 1. Recitals. The recitals set forth above are true and correct and form a material part of this Agreement and are incorporated herein by this reference. 2. Effective Term. The term of this Agreement shall commence on the date when it has been executed by both parties (the "Effective Date") and the obligation of the CRA to fund the Grant shall terminate on September 30, 2025, unless sooner terminated by either party as set forth herein (the "Funding Termination Date"). Any portion of the Grant for which a written request for payment has not been submitted by the Grantee to the CRA by the Funding Termination Date shall be forfeited and Grantee hereby waives any rights to such forfeited portion of the Grant. Page 6 of 32 Obligations of the CRA. a. The CRA shall appropriate the total sum of the award amount in their Fiscal Year 2025 budget for the purpose of funding the Grant. b. The CRA shall pay the Grantee based on the actual number of jobs created as shown in the report described in section 8 herein, and provided the Grantee meets its obligations as set forth in section 4. c. Payment shall be $1,200 per confirmed job with an average salary of $62,230 or more, and shall not exceed a total of $127,200. d. The CRA's obligation to make the payment shall arise only upon receipt of the following: The Grantee's written request for payment by September 30, 2025; and ii. The Grantee's provision to the CRA of all documents, statements, reports, and other evidence of completion of the requirements contained in this Agreement. e. Provided the CRA has determined that the Grantee has complied with the requirements of this Agreement, the CRA shall make the appropriate payment within thirty (30) days of receipt of a written request for payment from the Grantee. 4. Obligations of the Grantee. a. The Grantee shall be current on its County and City taxes in order to receive disbursement of funds. b. The Grantee shall create or relocate jobs paying an average annual wage of $62,230 or more, not including benefits, to the Property and shall maintain these jobs for a period of two (2) years following the Funding Termination Date. By September 30, 2027, the Grantee must provide to the CRA in writing a notarized summary of the positions that were incentivized and became vacant during the two year period following the Funding Termination Date. Grantee shall identify the positions that became vacant, the date vacated, and the date refilled. If a position remains vacant less than three (3) months, it will still be considered incentivized. If the Grantee fails to maintain the jobs for the two year period, they shall reimburse the CRA a prorated portion of the payment based on the actual time period the job was filled at the Property. 5. Amount Payable. Subject to available funds, the maximum amount payable under this Agreement shall not exceed the Grant amount awarded. Termination. a. If the Grantee breaches any material term of this Agreement and such breach remains uncured for a period of thirty (30) days, the CRA may terminate the whole or any part of this Agreement and may pursue any and all legal remedies available to seek reimbursement of funds already paid. b. Before the CRA may exercise its right of termination, the CRA shall provide written notice to the Grantee of the breach or default and the 2 Page 7 of 32 Grantee shall have thirty (30) days thereafter within which to cure the breach or default. 7. Records. a. The Grantee shall maintain personnel and financial records related to jobs, wages, and taxes paid which are the subject of this agreement for a two year period following the Funding Termination date. b. The CRA may review and verify the personnel and financial records and/or perform site visits to verify employment prior to disbursement of funds. 8. Payment Procedures. The CRA agrees to disburse the Grant to the Grantee on a reimbursement basis for expenses properly incurred under this Agreement. Payment shall be made in accordance with the following procedures: a. Request for Pam. The payment request shall be in writing and presented to the CRA by the Grantee by September 30, 2025. Grantee shall submit a report to the CRA in the format provided in Exhibit `B" showing the actual number of jobs created and/or relocated, the time period in which the jobs were created and/or relocated, and the wages of the jobs created and/or relocated. The CRA reserves the right to refuse reimbursement in whole or in part for jobs that do not conform to the requirements contained in this agreement or are not filled by the Funding Termination Date. 9. Indemnification. The Grantee shall indemnify and hold the CRA and City of Ocoee harmless, including its elected officials, agents, and employees, from and against all claims, damages, losses, and expenses, including but not limited to, attorney's fees and costs, arising out of or resulting from the carrying out of this Agreement, arising out of the any work activities performed under this Agreement, or constituting a breach of any term of this Agreement. 10. Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all other prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof. 11. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. [SIGNATURES TO FOLLOW] 3 Page 8 of 32 IN WITNESS WHEREOF the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written. FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE, FLORIDA; APPROVED AS TO FORM AND LEGALITY this day of , 2024. FISHBACK DOMINICK, LLP Richard S. Geller, CRA Attorney CAN CITY OF OCOEE COMMUNITY REDEVELOPMENT AGENCY, a redevelopment agency established by the City of Ocoee, a Florida municipal corporation 511A Rosemary Wilsen, Chair Date: Attest: Melanie Sibbitt, City Clerk Date: APPROVED BY THE CITY OF OCOEE COMMUNITY REDEVELOPMENT AGENCY AT A MEETING HELD ON UNDER AGENDA ITEM NO. El Page 9 of 32 GRANTEE: WESTGATE RERORTS, LTD, a Florida Limited Partnership Title: Date: Page 10 of 32 EXHIBIT "A" WARRANTY DEED AND LEGAL DESCRIPTION Page 11 of 32 11. ` . t" I This instrument prepared by end after recording return to: Stephanie A. Yelenosky, Faq. Crrea spoon, Marder, Hirschfeld, Raticin, Ross & Berger, P.A. ; 135 W. Central Blvd., Suite 1100 Orlando, Florida 32801 Orange Co FL 1998--0246698, 06/23/98 08:34:47a■ OR Bk 5509 Pg 26 98 Rec 10.50 DSC .70 ABOVE THIS LINE FOR RECORDING DATA] ---- ----------- -------- ------------ THIS QUIT -CLAIM DEED, executed this I O day of June, 1999 by CENTRAL FLORIDA INVESTMENTS, INC., a Florida corporation, whose address is 5601 Windhover Drive, Orlando, Florida 32819, first party, to WESTGATE RESORTS, LTD., a Florida limited partnership, whose address is 5601 Windhover Drive, Orlando, Florida 32819, second party: (Wherever used herein the terms "first party" and "second party" shall include singular and plural, heirs, legal representatives, and assigns of individuals, and the successors and assigns of corporations, wherever the context so admits or requires.) WIINE-S-SE111: That the said first party, for and in consideration of the sum of Ten and No/100 Dollars ($10.00), in hand paid by the said second party, the receipt whereof is hereby acknowledged, does hereby remise, release and quit -claim unto the said second party forever, all the right, title, interest, claim and demand which the said first party has in and to the following described lot, piece or parcel of land, situate, lying and being in the County of Orange, State of Florida, to -wit: Begin at the Southwest corner of the Northeast Quarter of the Northwest Quarter of the Northwest Quarter of Section 29, Township 22 South, Range 28 East, Orange County, Florida, run North 00 degrees 36 minutes 37 seconds West, along the West line of said Northeast Quarter of the Northwest Quarter of the Northwest Quarter, a distance of 165.05 feet to a point 420 feet South of the South light -of -Way line of State Road 50, thence North 89 degrees 35 minutes 47 seconds East, parallel with said Right -of -Way 464.18 feet, thence run South 00 degrees 36 minutes 37 seconds East 795.15 feet to the North Right -of -Way line of Old Winter Garden Road Extension, thence run South 89 degrees 26 minutes 23 seconds West along said North Right -of -Way line 464.18 feet to the West line of the Southeast Quarter of the Northwest Quarter of the Northwest Quarter of said Section 29, thence run North 00 degrees 36 minutes 37 seconds West, 631.21 feet to the POINT OF BEGINNING. TOGETHER WITH the rights of Grantor in and to those certain easements granted in Official Records Book 3160, Page 297 and in Official Records Book 3614, Page 2698, all of the Public Records of Orange County, Florida, which are appurtenant to the above -described property. Page 12 of 32 DRg1869Orrane CoF990468 Recorded — Martha 0. Haynie TO HAVE AND TO HOLD the same together with all and singular the appurtenances thereunto belonging or in anywise appertaining, and all the estate, right, title, interest, lien, equity and claim whatsoever of the said first party, either in law or equity, to the only proper use, benefit and behoof of the said second party forever. IN WITNESS WHEREOF, the said first party has signed and sealed these presents the day and year first above written. Signed, sealed and delivered in the presence of. STATE OF FLORIDA } } ss: COUNTY OF ORANGE } CENTRAL FLORIDA IIWEST TENTS, INC., a Florida corporation By: ' David A. Siegel, President The foregoing instrument was acknowledged before me this /)* day of June, 1998 by David A. Siegel, as President of Central Florida Investments, Inc., a Florida corporation, who is personally known to me or has produced _ _ as identification. i PROPERTY APPRAISERS FARCEL I.D. NO.29-22-2.8-0000-00002 -NOTARY ADRIAN L. ARTHUR ,411;11" MY CONM010N Y CC 80 .00 EXPIRES: October 24, 2001 I Bonded TM rum Pubic llndnv+dUera 2 STATE OF FLORIDA Page 13 of 32 EXHIBIT "B" REQUEST FOR PAYMENT REPORT Payment Request - Incentive for Jobs Created at Westgate Resorts, LTD Located at 2801 Old Winter Garden Rd, Ocoee FL 34761 between —/—/— and —/—/ Date Annual Salary Not Position/Job Title Was Job Vacated? Created/Filled including Benefits ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: Page 14 of 32 Date Annual Salary Not Position/Job Title Was Job Vacated? Created/Filled Including Benefits ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: Page 15 of 32 Date Annual Salary Not Position/Job Title was Job Vacated? Created/Filled Including Benefits ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: ❑ NO ❑ YES DATE REFILLED: Total Positions: X $1,200 Payment Amount Requested: $ By: Print Name: Title: STATE OF � le Ilfi•M eyl The foregoing instrument was acknowledged before me by means of ❑ physical presence or ❑ online notarization, this day of , 20 by who is ❑ personally known to me, or ❑ has produced a as identification. (Seal) Notary Public Signature Notary's Printed Name My Commission Expires: 0 Page 16 of 32 G 6- ko qwkw %/� FIFTY -,e WEST CRA CITY OF OCOEE, FLORIDA COMMUNITY REDEVELOPMENT AGENCY DIRECTORY Board Members Rosemary Wilsen Commissioner/CRA Chair Scott Kennedy Commissioner/CRA Vice Chair Rusty Johnson Mayor/ CRA Board Member (407) 905-31 12 office (407) 905-31 12 office (407) 905-3112 office Richard Firstner (407) 905-31 12 office Commissioner/CRA Board Member George Oliver III (407) 905-31 12 office Commissioner/CRA Board Member Randy June (407) 325-1422 office OC Appointed CRA Board Member Philip Koovakada (407) 296-1803 office Philip.koovakada@orlandohealth.com City Appointed CRA Board Member Staff Rob Frank (407) 905-3100 x 1500 office City Manager/Executive Director Craig Shadrix Assistant City Manager Mike Rumer Development Services Director Ginger Corless CRA Administrator/ Deputy Dev. Services Director (407) 905-3100 x 1081 office (407) 905-3100 x 1018 office (407) 905-3100 x 1028 office Carolina Vaca (407) 905-3100 X 1027 office Redevelopment Program Manager Legal Counsel Richard S. Geller Fishback Dominick, LLP (407) 462-8400 office rfrank@ocoee.org �� • • •111112 raeller@fishbacklaw.com CRA DIRECTORY 1 Page 18 of 32 CRA RESOLUTION NO.2024-002 A RESOLUTION OF THE OCOEE COMMUNITY REDEVELOPMENT AGENCY ADOPTING A BUDGET FOR FISCAL YEAR 2024-2025; PROVIDING FOR BUDGET ADJUSTMENTS AND THE APPROPRIATION OF FUNDS; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE. WHEREAS, the Ocoee Community Redevelopment Agency (the "CRA") was created pursuant to Part III, Chapter 163, Florida Statutes, and Ordinance No. 2006-007 of the City of Ocoee, Florida; and WHEREAS, the CRA is a dependent special district under Chapter 189, Florida Statutes, 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 CRA, to adopt a budget for each fiscal year by resolution. NOW, THEREFORE, BE IT RESOLVED BY THE OCOEE COMMUNITY REDEVELOPMENT AGENCY, AS FOLLOWS: SECTION 1. Authority. The CRA has the authority to adopt this Resolution pursuant to the Special District Act. SECTION 2. Adoption of Budget. The governing body of the CRA does hereby approve and adopt a budget for the CRA for Fiscal Year 2024-2025. A copy of the budget is attached hereto as Exhibit "A" and incorporated herein by reference. CRA RESOLUTION NO. 2024-002 2 Page 19 of 32 SECTION 3. Budget Adiustments. As of the date of adoption of the Budget for Fiscal Year 2024-2025, the governing body of the CRA may not have received the final calculations regarding tax increment revenues and/or carried forward monies to be deposited into the Community Redevelopment Trust Fund for the Community Redevelopment Area which will be available for use by the CRA for Fiscal Year 2024-2025. Accordingly, the governing body of the CRA does hereby direct that tax increment revenues received in excess of the projected budgeted revenues be allocated to the 4900 Reserve for Contingency line item as set forth in Exhibit "A" and that any shortfalls in the projected budgeted tax increment revenues be deducted from the 4900 Reserve for Contingency line item as set forth in Exhibit "A". In accordance with Subsection 163.387(7), F.S., the governing body of the CRA does hereby direct that monies carried forward in excess of the budgeted amount be allocated to the 6302 Capital Improvements line item, as set forth in Exhibit "A", to fund projects identified in the CRA Capital Improvement Plan and Community Redevelopment Plan or be deposited into an escrow account for the purpose of later reducing any indebtedness to which increment revenues are pledged. Any shortfalls in the projected budgeted monies carried forward shall be deducted from the 4900 Reserve for Contingency line item or the 6302 Capital Improvements line item, as set forth in Exhibit "A". The Executive Director of the CRA is hereby authorized to administratively make any adjustments to the budget which may be required to implement the provisions of this section. Any necessary budget adjustments will be made pursuant to Section 189.016(6), F.S. SECTION 4. Appropriations. There are hereby expressly appropriated out of anticipated revenues all funds and monies necessary to meet the appropriations stipulated by and in the attached budget. SECTION 5. 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 CRA RESOLUTION NO. 2024-002 3 Page 20 of 32 competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining portion hereto. SECTION 6. Effective Date. This Resolution shall become effective immediately upon passage and adoption, and the budget adopted and approved by this Resolution shall be effective as of October 1, 2024. PASSED AND ADOPTED this 171h of September, 2024. ATTEST: Melanie Sibbitt, Secretary (SEAL) FOR USE AND RELIANCE ONLY BY THE OCOEE COMMUNITY REDEVELOPMENT AGENCY, APPROVED AS TO FORM AND LEGALITY This 17t' day of September, 2024. FISHBACK DOMINICK, LLP Richard S. Geller, City Attorney APPROVED: OCOEE COMMUNITY REDEVELOPMENT AGENCY Rosemary Wilsen, CRA Chair CRA RESOLUTION NO. 2024-002 4 Page 21 of 32 EXHIBIT "A" CRA Fund This fund accounts for the activities within the City's Community Redevelopment Area. Fifty West Description Established in 2006, the Ocoee Community Redevelopment District, now known as Fifty West, encompasses 1,070 acres along the State Road 50 corridor. The activities and programs offered within Fifty West are administered by ISM the CRA; a seven -member board. The CRA Board consists of the five members of the Ocoee City Commission and two - - individuals appointed by the City Commission, one being c R A nominated by Orange County. The CRA Board implements City policy regarding redevelopment and the expenditure of funds received by the Agency from local taxing authorities. Redevelopment revenues are derived from incremental financing. The CRA has the ability to implement programs and projects that local governments may not, such as leveraging local public funds with private dollars. The Community Redevelopment District is set to sunset in 2036; however, it may be extended to 2046 by local action. Any funds remaining in the CRA trust fund on the sunset date will be returned to the contributing taxing authorities. The purpose of the Ocoee Community Redevelopment Agency is to formulate a workable program using appropriate private and public resources to eliminate and prevent the development or spread of blighted areas within the Fifty West Redevelopment District consistent with the adopted Community Redevelopment Plan. Fifty West is a vital component of the area and represents an opportunity for the City to revitalize the community with the creation of jobs, new infrastructure, beautification projects, new and redeveloped commercial, retail and housing options, and by improving the quality of life through lifestyle choices for residents and business owners. The Fifty West Community Redevelopment Plan and subsequent planning initiatives such as the Target Areas Special Development Plan provides solutions related to land use planning, infrastructure and services, land development regulations, economic development, and aesthetic design to improve the vitality of the Redevelopment District and promote Fifty West as a "destination place." Vision Statement The future for Ocoee's Fifty West Redevelopment District includes centers of vibrant, urban, mixed -use development that provides enhanced pedestrian and automobile connectivity, flexible land uses, a diverse economic base, a mix of housing types, a shared responsibility of infrastructure financing, public open space and parks, creating an enhanced image and contemporary development form. r ai `t 4 r e it (ti Waen1rra Page 22 of 32 Summary The CRA is projecting $4.06M of grant and increment tax revenue in FY2025. Budget expenditures are projected to be $10,064,799. This includes the $8.8M for capital improvements that is shown under operating expense as "transfers out". A new fund 131 has been created to monitor CRA capital projects. $12.51 $10M $75M $5M 5M $0 FY2021 FY2022 FY2023 FY2024 FY2025 0 Actual Revenue Source 0 Budgeted Revenue Source 0 Actual Expenditures 0 Budgeted Expenditures EXHIBIT A Page 23 of 32 lntergc Taxes (32.9%) $12,5 $10 $7,5 M 52.5 $0 Revenues by Source Projected 2025 Revenues by Source Budgeted and Histodcal 2025 Revenues by Source Cash Balance (58.7%) M cp e C) Q <� �< - — ------------------------------- Name "I'l""I'l-111,111,'ll""I'llI -------- - — Account ID -------- — ----- ----- FY2022 — FY2023 — -------- -111 FY2024 ............... FY2025 Tentative (CRA:: -- Actual Actual Budgeted Fund):: ............... Revenue Source -------------- - - - - - --------------------------------- .................................... ........ ....... ... . . . ......... Cash Balance BEGINNING CASH BALANCE 130-30- ...... ....... $0 $0 $5,455,247 $5,905,201 0000 Tbtal Cash Balance. . .. .. .. .. .... $0, $0 $5,455,247 $5,905,201 EXHIBIT FA Page 24 of 32 Name Account ID FY2022 FY2023 FY2024 FY2025 Tentative (CRA Actual Actual Budgeted Fund) Taxes __ COUNTY TAX INCREMENT CONTRIBUTION 130-31- $851,150 $1,076,097 $1,269,637 _.... $1,563,936 1100 CITY TAX INCREMENT CONTRIBUTION 130-38- $969,245 $1,237,539 ' $1,417,165 $1,745,662 1100 Total Taxes, $1„820,395 $2,313,636 $2, 86,802. $3,309,598 -------Intergovernmental __-....., w_ - - LOCAL GOVT GRANT - WEST ORANGE 130-33- $1,904,384 : $345,616 $750,000 $750,000 HEALTHCARE DIST 7300 __ -- -.......-......------- Total Intergovernmental, ..... . ........ $1,904,384 -- $345,616 - — - - -------------------------- $750,000 - _ $750,000 _ ...._ ___------------ — -------- Other Revenues -- — -------------- .._...... _ -- INTEREST EARNINGS 130-36- $0 $16,738 $0 $99,945 1100 _ -.- .._----_......_. Total Other Reveratae: __ $0 $16,738 $0 $,945 Total Revenue Source. $3,724,779 : $2,675,989 $8,892,049' $10,064,744 EXHIBIT A Page 25 of 32 Expenditures by Expense Type Budgeted Expenditures by Expense Type Operating Expenses (8.6%) inel Services (3.7%) tal (87.7%) Budgeted and Historical Expenditures by Expense Type mm EXHIBIT A i, Page 26 of 32 Name Account ID FY2022 FY2023 FY2024 FY2025 Tentative (CRA Actual Actual Budgeted i Fund) _ ........ Expense Objects ......... ......... .. Personnel Services CRA _ ......... OTHER SERVICES ... .... 130-516-00- _-. $3,231 $3,429 $3,591 $3,591 1101 -- REGULAR SALARIES ............ 130-516-00- --- $208,572 $228,259 $301,073 $246,315 1200 FICA TAXES 130-516-00- $15,521 $17,115 $23,000 $22,434 2100 _ _... RETIREMENT CONTRIBUTIONS 130-516-00- $18,946 $15,860 $20,775 $25,669 2200 HEALTH INSURANCE 130-516-00- $33,952 $35,748 $30,000 $71,328 2300 LIFE INSURANCE 130-516-00- $791 $864 i $1,200 $1,145: 2301 DENTAL/VISION INSURANCE 130-516-00- $880 $880 $800 $991 2302 __ ACCIDENT/DISABILITY INSURANCE 130-516-00- $1,226 $1,332 $2,007 $1,281 2303 WORKERS' COMP INSURANCE 130-516-00- $1,345 $599 j $538 $483 2400 _ ... -_.... _- Total CRA: ------ ...................................... ,--------- $284,465 -------- $304,086 -_ $382,984 $373,237 Total Personnel Services: _....._ $284„465 $304,086 $33,984 1 $373,237 ....................................-.._....< Operating Expenses .... .......... ..... ... .. _ . . __........ ........ CRA __ LEGAL FEES 130-516-00_ .... ,. $1,296 ......... $937 $8,000 $8,000 3101 PROFESSIONAL SERVICES 130-516-00- $34,410 . $31,540 1 $150,000 $150,000 3128 _ ...-------- --- COUNTY CONTRIBUTION REBATE - - - - -- ---------------------------------------------- 130-516-00- .... _-- ................... $80 891 - $169,181 3129 __.. _ ..... _ ACCOUNTING AUDITING 130-516-00- $5,000 $5,900 $6,000 - _ ...... $6,000 3200 CONTRACTUAL SERVICES 130-516-00- $204,086 $158,845 $275,000 $275,000 3400 _....... _... TRAVEL EXPENSE 130-516-00- $20 $1,231 $6,659 i --- $6,659 4000 TELEPHONE EXPENSE 130-516-00- $1,872 $1,890 1 $3,800 $3,800 4100 POSTAGE FREIGHT ......... ,. 130-516-00- -- ---- $58 $661 ........ $1,100 $1,100 4200 WATER EXPENSE 130-516-00- $25,126 $25,736 $40,000 $40,000 4301 - _ _ ----------- _-------------------- PRINTING AND BINDING __. __-..-_____ 130-516-00- $2 497 _ _..____ . _______ $1,936 - ..,, $5,000 ,--------- ------- $5,000 4700 RESERVE FOR CONTINGENC 130-516-00- $22 984 so! $50,000 $50,000 4900 ___ ADMINISTRATION LEGAL ADS . .............. 130-516-00- $224 .......... $0 ---- $600 $600 4901 , EXHIBIT A 10 Page 27 of 32 Name Account ID FY2022 FY2023 FY2024 FY2025 Tentative (CRA Actual Actual Budgeted i Fund) .. MISCELLANEOUS 130-516-00_..... $716 __ $0 $0 4902 OFFICE SUPPLIES 130-516-00- $275: -_ $841 $1,400 $1,400 5100 POL SUPPLIES 130-516-00- $180 $143 1 $600 $600 i 5200 UNIFORMS 130-516-00- $183 $177 ' $275 ` ......... $275 5201 Operating lies p g Su pp 130-516-00- $295 $252 $1,000 $1,000 5202 _-.___ __----------------------------------------- COPYING EXPENSE __.. ------ 130-516-00- $203 __-------- .___ ------------------- $99 -- $1,000 - --------- ____._._ $1,000 5216 COMPUTER PERIPHERALS - SOFTWARE 130-516-00- $2,611 $846 $2,000 $2,000 UNDER $1000 ;; 5235 -_.-------- -- BOOKS -SUBSCRIPTIONS ....... ..... 130-516-00- __- $536 -..... _-..... $544 _ ------------ $1,000 __ ...._............ $1,000 5401 PROFESSIONAL DUES 130-516-00- $2 721 $2,736 $3,000 $3,000 5402 _ .... -— --------- TRAINING EXPENSE ........ 130-516-00- $1,550 $3,265 $7,000 $7,000 5405 -------------------- COMMUNITY PROMOTIONS 130-516-00- $1,475 $10,380 - $0 ( -- - $0 8200 _ PUBLIC RELATIONS DEVELOPMENT _ 130-516-00- $338 $249 1 ........ $8,000 --_........................ .. $7,500 8205 GRANTS CONTRIBUTION 130-516-00- $171,967 $0 j $127,200 8210 TRANSFERS OUT " 130-516-00- $0 $8,824,192 9000 Total C $480,623 , $247, 14 ........ $652„325 $9,691,507 Total Operating Expenses: $480,623 $247, 14 $652,325 ,. 9,691,507 _ ............... __ Capital ...... __ ____. _ __ C CAPITAL IMPROVEMENTSt 130-516-00- $2,091,621 . $1,346,664 ...... .........................: $7,856,740 i $0 6302 Total C $2,091,621 $1,346,64 $7,856,740 $0 Total Capital: $2,091,621 $1,34„664 $7,856,740 $0 Total Expense Objects. $2,856,708 $1,898,364 ; $8,892,049 $10,064,7 4 * Transfers Out represents the capital budget expenditures moved to new capital fund 131. t New Capital Improvements account 131-516-00-6302 is shown on following page. EXHIBIT A Page 28 of 32 CRA Capital Projects This fund is used to account for the capital projects of the CRA. Summary Fund 131 is a newly created fund in FY2025 to monitor CRA capital projects. The "transfers in" amounting to $8.8M represents the funding to budget the CRA capital expenditures. CRA Capital Projects Comprehensive Summary Name Account ID FY2025 Tentative (CRA Capital Projects) ......... -- — ___ _ Beginning Fund Balance:NIA ....Revenues ,... ........ Other Financing .. ....... _ ....... TRANSFERS IN .. .......... 131-38-1000 $8,824,192 Transfers to -Capital Improvements 131-38-1000 $8,824,192 - .._. Total Other Financhig: _ ..... ... $8,824,192 Total Revenues: $8,824,192 Expenditures .._._ _ :.... ........ ......... ......... ......... ......... ......------ ......___ ........ Capital ........ --- ......... ......... ......... ......... ..... General Government CAPITAL IMPROVEMENTS 131-516-00-6302 's $8,824,192:: _ ........ ........................ Restricted for Capital .. , 131-516-00-6302 ..... ..... ...... ..... $5,905,201 Old Winter Garden Rd/Maguire Road Intersection Improvements 131-516-00-6302 $390,498 ; Minor CRA Infrastructure Improvements 131-516-00-6302 $78,447 S. B/uford Complete Street project 131-516-00-6302 $2,450,046 Total GeneraC Government, $8,824,192 Total Capital: $8,824,192 Total Expenditures:$8,824,192 i Ending Fund Balance: I N/ Ongoing projects from FY23/24 that have funds allocated and will move forward in FY24/25 EXHIBIT A MA Page 29 of 32 CRA 5-Year Capital Improvement Program (CIP) FY 2024-2025thru FY 2028-2029 Capital P• - 1 - Bluford Avenue Complete Street $7,345,127.52 $ 6,002,009 $ 13,347,137 Final engineering is nearing completion and $4,895,133.52 from permitting and easement acquisition underway. FY24 Restricted for Expect to bid Spring of 2025 with construction to begin Capital summer of 2025. $2,450,046 from FY 25 Budget. 2 - Minor CRA Infrastructure Improvements $ 198,447.00 $ 250,000 $ ; 250,000 $ 250,000 $ 250,000 $ 1198,447.00 Funds allocated will be used to make minor water, $120,000 from FY24 sewer, reclaim, roadway, sidewalk, and stormwater Restricted for Capital' improvements within the CRA and within public ROW. $78,447 from FY 25 Budget, 3 - Maguire Road Phase 5 $ 450,000.00 Maguire Road Phase 5 includes the addition of lanes, $450,000from FY24 sidewalks and landscaped medians, between Maine Restricted for Capital and Story. The ROW is in place and CDs have been completed; however, need to bring up to current standards. If additional funds are found, construction can begin in subsequent years. $0 from FY 25 Budget. 4 - Old Winter Garden/Maguire Intersection $ 830,617.00 Improvements In FY 23, the City Commission approved The Regency. $440,119 carried As part of the development agreement, the CRA is to over from 2024+ reimburse the developer a portion of intersection $390,498 from FY 25.' improvements. $390,498 from FY 25, Total budget is 830 617 5 - N. Blackwood Ave. Streetscape & Roundabouts $ $ : 21500,000 $ 2,500,000.00 This project is in the final design phase. We will need to $0 from FY 2025 acquire ROW clips from 3 parcels. Construction will not be programmed until construction is nearing completion at City Center, being that N. Blackwood Avenue will be used as the construction entrance to City Center from SR 50. 6 - Old Winter Garden Road Extension $ $ 3,000,000 $ 4,000,000 $ 3000,000; $ 10,000,000.00' This project includes working with property owners to $0 from FY 2025 construct a roadway extension connecting Old Winter Garden Road, where it will end on the western side of the Regency, north to Economic Court at SR 50. The roadway improvements includes on -street parking, wide walks, landscaping, and stormwater management for the project. 7 - Story Road Widening $ $ 950,000 $ 18,000,000.00 This project has been identified to improve roadway $0 from FY2025 capacity. Acquisitions $ $ May be used to pay for property appraisals, $0 from FY 2025 assessments and acquisition within the CRA. Maine Street Park Signage & Amenities $ $ Project is being removed due status of City Center. 0 from FY 2025 EXHIBIT A 13 Page 30 of 32 FIFTY i N, Bluf ru Ave. Ocoee, i L. ��,1�(, I 40 T90531 CU x 1028 f�Coee c ra.c GRA> Page 31 of 32 MEMORANDUM TO: Ocoee Community Redevelopment Agency (CRA) FROM: Ginger Corless, CRA Administrator/Acting Development Services Director DATE: September 9, 2024 RE: Proposed City of Ocoee CRA Meeting Schedule for FY 2024-2025 Pursuant to the Bylaws of the CRA, below are possible dates to be considered for the four (4) required meetings for Fiscal Year 2024-2025. Please be prepared to adopt these dates or provide alternate meeting dates for consideration at the September 17,2024 CRA Board Meeting. 1. Meeting #1: Tuesday, December 3, 2024 at 5:00 p.m. (before City Commission meeting) 2. Meeting #2: Tuesday, March 4, 2025 at 5:00 p.m. (before City Commission meeting) 3. Meeting #3: Tuesday, June 3, 2025 at 5:00 p.m. (before City Commission meeting) 4. Meeting #4: Tuesday, September 16, 2025 at 5:00 p.m. (before City Commission Meeting) Staff requests adoption of FY 2024-2025 meeting calendar as printed or as modified at the September 17, 2024 CRA Board Meeting. Ocoee CRA - 1 N. Bluford Ave. - Ocoee, Florida 34761 phone: (407) 905-3100 - fax: (407) 905-3167 - www.ocoeecra col Page 32 of 32