SUBJECT/RECOMMENDATION:
Title
Provide a recommendation on the Third Quarter Budget Amendments to the Fiscal Year 2025-2026 North Greenwood Community Redevelopment Agency Budget.
Body
SUMMARY:
Clearwater Community Redevelopment Agency is recommending the following Third Quarter Budget Amendments to the FY 2025-2026 North Greenwood CRA Budget:
North Greenwood CRA Revenue
• A decrease of $12,502 in increment received from Pinellas County
• A decrease of $9,475 in increment received from City of Clearwater
• An increase of $31,000 for estimated interest earnings for the remainder of the year
North Greenwood CRA Operating
• To adjust to reflect actual and anticipated expenditure for the fiscal year.
o Decrease professional services by $8,750
o Increase contractual services by $6,750 for the cost of Placer.ai
o Increase operating supplies by $300
o Decrease membership and subscriptions by $300
o Increase other promotional activities by $2,000
North Greenwood CRA Capital Projects
• R2404 Public Infrastructure
o A transfer out of $500,000 to fund R2601 Container Village
• R2409 Mobility County
o A decrease of $12,502 in Pinellas County Increment received
• R2502 Economic Development City
o An increase of $21,525 for interest earnings minus city increment
• R2601 Container Village Project
o To establish a new project and transfer in funds from R2404
STRATEGIC PRIORITY:
1.3 Adopt responsive levels of service for public facilities and amenities, and identify resources required to sustain that level of service.
