ECONOMIC DEVELOPMENT
TOTAL PROJECT REVENUE 200,000 200,
OPERATIONAL IMPACT FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Additional Revenues
Charges for Services - - - - Other Revenues - - - - Less Additional Expenditures
New Personnel - - - - Maintenance and Other Operating - - - - Non Operating (Debt Service) - - - -
Net Annual Impact on Operations - - - - - - -
FUNDING SOURCES FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Tax Increment Town Center Fund (103-Unfunded) - - - - - - - - - - -
Total - - - - - - -
Annual costs for debt service, general maintenance and repairs of stormwater facilities will be covered by annual revenues generated within the special taxing district of Town Center.
DESCRIPTION/JUSTIFICATION:
PROJECT EXPENDITURES/FUNDING SOURCES:
OPERATIONAL IMPACT
This project calls for the construction of all required on-site and off-site stormwater drainage facilities necessary to accommodate the planned improvements within the Riverwalk project area.
Project Manager Original Plan Date Concurrency Requirement
PROJECT # 200774
PROJECT NAME Riverwalk - Public Right-of-Way Donna Steinebach
DEPARTMENT Economic Development/Town Center CRA
LOCATION Riverwalk Project Area N/A
PROJECT COSTS: FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Engineering & Planning - - - 45,000 56,250 101,250
Construction - - - 1,000,000 1,250,000 2,250,000
Equipment - - - -
TOTAL PROJECT COSTS - - - - 1,306,2501,045,000 2,351,250
SOURCES OF FUNDS: FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Tax Increment Town Center Fund (103) - - - - Unfunded - Proposed Funding from Add'l - - - 1,045,000 1,306,250 2,351,250 Debt in Town Center Fund 103
TOTAL PROJECT REVENUE - - - - 1,306,2501,045,000 2,351,250
OPERATIONAL IMPACT FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Additional Revenues
Charges for Services - - - - Other Revenues - - - - Less Additional Expenditures
New Personnel - - - - Maintenance and Other Operating - - - - 25,000 25,000 Non Operating (Debt Service) - - - - 192,582 192,582
Net Annual Impact on Operations - - - - - 217,582 217,582
FUNDING SOURCES FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Tax Increment Town Center Fund (103-Unfunded) - - - - - 217,582 217,582 - - - - -
Total - - - - - 217,582 217,582
CAPITAL IMPROVEMENT PROGRAM DETAIL
Project Manager Original Plan Date Concurrency Requirement
March 10, 2006
Annual costs for debt service, general maintenance, repairs and landscaping of the public right-of-way will be covered by annual revenues generated within the special taxing district of Town Center.
DESCRIPTION/JUSTIFICATION:
PROJECT EXPENDITURES/FUNDING SOURCES:
OPERATIONAL IMPACT
This project calls for the construction of public streets and sidewalks within the Riverwalk project area necessary to support public acess and mobility to park areas and commercial/retail businesses.
PROJECT NAME US-1 & SR-421 Walklights & Median Enhancement Donna Steinebach
DEPARTMENT Economic Development/Town Center CRA
LOCATION Riverwalk Project Area N/A
1,618,940
Total Project Cost
(122,500)
Less: Design Costs (Addendum #74)
1,496,440
Balance of Construction Costs
PROJECT COSTS: FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Engineering & Planning - - - - -
Construction - 809,710 686,730 - - 1,496,440
Equipment - - - -
TOTAL PROJECT COSTS - - 809,710 686,730 - - 1,496,440
SOURCES OF FUNDS: FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Tax Increment Town Center Fund (103) - - - - Unfunded - Proposed Funding from Add'l - 809,710 686,730 - - 1,496,440 Debt in Town Center Fund 103
TOTAL PROJECT REVENUE - - 809,710 686,730 - - 1,496,440
OPERATIONAL IMPACT FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Additional Revenues
Charges for Services - - - - Other Revenues - - - - Less Additional Expenditures
New Personnel - - - - Maintenance and Other Operating - - 10,000 10,000 10,000 30,000
Non Operating (Debt Service) - - 120,364 120,364 120,364 361,092
Net Annual Impact on Operations - - - 130,364 130,364 130,364 391,092
FUNDING SOURCES FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Tax Incr Town Cntr Fund 103 - Unfunded - - - 130,364 130,364 130,364 391,092 - - - - -
Total - - - 130,364 130,364 130,364 391,092
Annual costs for debt service, general maintenance, repairs and landscaping of the public right-of-way will be covered by annual revenues generated within the special taxing district of Town Center.
DESCRIPTION/JUSTIFICATION:
PROJECT EXPENDITURES/FUNDING SOURCES:
OPERATIONAL IMPACT
This project has two segments. The first segment is on SR-421 / Dunlawton Avenue, from Spruce Creek Road to US-1. The second segment is on US-1 / Ridgewood Avenue from Dunlawton to the northern City limits, including City gateway signage.
Addendum #74 to QLH Contract for $122,500, approved by the POTC CRA in January 2009, covers the cost of design for the new walk- light program and the landscape design for the median refurbishment. Funds for this addendum were allocated from TIF revenues. Estimated total project cost for this initial project is $877,210. Funding for this Addendum was from TIF Revenues.
The City is applying for federal stimulus funds and if awarded the construction would have to be completed in FY10. If we don’t receive any federal funding, the project would be delayed until at least FY13 when alternative funding could be secured.
Project Manager Original Plan Date Concurrency Requirement
PROJECT # 200777
PROJECT NAME Riverwalk - Chamber of Commerce Building Acquisition Donna Steinebach
DEPARTMENT Economic Development/Town Center CRA
LOCATION Riverwalk Project Area N/A
PROJECT COSTS: FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Land - - - - 1,000,000 - 1,000,000
Site Development - - - - Relocation - - - -
TOTAL PROJECT COSTS - - - - 1,000,000 - 1,000,000
SOURCES OF FUNDS: FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Tax Increment Town Center Fund (103) - - - - Unfunded - Proposed Funding from Add'l - - - - 1,000,000 - 1,000,000 Debt in Town Center Fund 103
TOTAL PROJECT REVENUE - - - - 1,000,000 - 1,000,000
OPERATIONAL IMPACT FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Additional Revenues
Charges for Services - - - - Other Revenues - - - - Less Additional Expenditures
New Personnel - - - - Maintenance and Other Operating - - - - Non Operating (Debt Service) - - - - - 80,243 80,243
Net Annual Impact on Operations - - - - - 80,243 80,243
FUNDING SOURCES FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Tax Increment Town Center Fund (103-Unfunded) - - - - - 80,243 80,243 - - - - - - -
Total - - - - - 80,243 80,243
CAPITAL IMPROVEMENT PROGRAM DETAIL
Project Manager Original Plan Date Concurrency Requirement
April 17, 2006
Annual debt service is estimated to be approximately $80,200 per year for 20 years.
DESCRIPTION/JUSTIFICATION:
PROJECT EXPENDITURES/FUNDING SOURCES:
OPERATIONAL IMPACT
The building owned by the Port Orange/South Daytona Chamber of Commerce and Halifax Sport Fishing Club is located at the northernmost portion of the Riverwalk project area. When the redevelopment project advances into its final stages of completion, it will be necessary to acquire this structure, which sits on City parkland. This project is only for the required acquisition of the structure in 2014, as called for by the current land lease.
PROJECT NAME Riverwalk - Marina Expansion Donna Steinebach
DEPARTMENT Economic Development/Town Center CRA
LOCATION Riverwalk Project Area N/A
A $49,500 contract with Halcrow Engineering & Marine Management Services, (under the umbrella of the Glatting Jackson Kerchler Anglin contract of November 2007), has already been expended on the Marina Market Feasiblity Study.
The Marina Market Feasiblity Study was funded from TIF revenues.
PROJECT COSTS: FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Engineering & Planning/Permitting - - - - 1,581,571 1,000,000 2,581,571 Construction - - - - - 3,300,000 6,600,000 Dredging - - - - - 4,810,160 7,810,160
TOTAL PROJECT COSTS - - - - 9,110,1601,581,571 10,691,731
SOURCES OF FUNDS: FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Tax Increment Town Center Fund (103) - - - - -
Unfunded - Proposed Funding from Add'l - - - -
Debt in Town Center Fund 103
Unfunded - Possible Grant - - - - 1,581,571 9,110,160 10,691,731
TOTAL PROJECT REVENUE - - - - 9,110,1601,581,571 10,691,731
OPERATIONAL IMPACT FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Additional Revenues
Charges for Services - - - - - Other Revenues - - - - - Less Additional Expenditures
New Personnel - - - - - Maintenance and Other Operating - - - - - Non Operating (Debt Service) - - - - - 696,050 696,050
Net Annual Impact on Operations - - - - - 696,050 696,050
FUNDING SOURCES FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Tax Increment Town Center Fund (103-Unfunded) - - - - - 696,050 696,050 - - - - - - -
Total - - - - - 696,050 696,050
At this time, the details of the proposed marina are not specific enough to determine annual operating costs. It is expected operating costs for utilities, general maintenance, and repairs will be covered by a combination of slip rentals, user fees and revenues generated within the special taxing district of Town Center. Annual debt service is estimated to be approximately $605,000 per year for 30 years.
DESCRIPTION/JUSTIFICATION:
PROJECT EXPENDITURES/FUNDING SOURCES:
OPERATIONAL IMPACT
This project calls for the development of a 200-300 slip marina on the north and south side of the former Sweetwater's Restaurant site, as part of the Riverwalk Redevelopment Project. The seawall and the Riverwalk Pier are included in this project.
Project Manager Original Plan Date Concurrency Requirement
PROJECT # 201079
Project Name: Spruce Creek & Dunlawton Intersection Improvements Donna Steinebach
Department: Economic Development/Eastport CRA 02/01/09
Location: Spruce Creek Rd & SR 421/Dunlawton Ave
The Eastport Business Center Redevelopment Plan calls for functional improvements at this intersection.
Planned improvements include an eastbound right turn lane on to Spruce Creek Road, a southbound right turn lane and wider turning radious on Dunlawton Avenue, as well as entry signage and landscaping of the City-acquired
FDOT retention ponds on both sides of Spruce Creek Road.
Addendum #75 to the QLH contract, approved in February 2009, provides for $115,000 for engineering design and permitting. This addendum was funded from TIF Revenues.
Another alternative for funding is through the MPO as an XU Project. Project is being submitted but we aren't sure if it will be selected.
PROJECT COSTS: FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Engineering & Planning - - - -
Construction - 1,690,430 - - - 1,690,430
Equipment - - - -
TOTAL PROJECT COSTS - - 1,690,430 - - - 1,690,430
SOURCES OF FUNDS: FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Tax Increment Eastport Fund 102 - - - - Add'l Debt in Eastport Fund 102 - - 1,690,430 - - - 1,690,430 Unfunded - - - -
TOTAL PROJECT REVENUE - - 1,690,430 - - - 1,690,430
OPERATIONAL IMPACT FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Additional Revenues
Charges for Services - - - - Other Revenues - - - - Less Additional Expenditures
New Personnel - - - - Maintenance and Other Operating - - - - Non Operating (Debt Service) - - - 110,587 110,587 110,587 331,762
Net Annual Impact on Operations - - - 110,587 110,587 110,587 331,762
FUNDING SOURCES FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Eastport TIF (102); Town Center TIF (103) - - - 110,587 110,587 110,587 331,762 - - - - - - -
Total - - - 110,587 110,587 110,587 331,762
CAPITAL IMPROVEMENT PROGRAM DETAIL
Project Manager: Original Plan Date: Concurrency Requirement:
No additional operating costs are expected as a result of this project.
DESCRIPTION / JUSTIFICATION:
PROJECT EXPENDITURES / FUNDING SOURCES:
OPERATIONAL IMPACT
The City is applying for federal stimulus funds and if awarded the construction would have to be completed in FY10. If we don’t receive any federal funding, the project would be delayed until at least FY13 when alternative funding could be secured.
Project Name: Mooring Field Donna Steinebach
Department: Economic Development 02/19/10
Location: Halifax River (North of Dunlawton)
PROJECT COSTS: FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Engineering, Planning & Permitting 50,000 - - - - - 50,000
Construction 500,000 - - - - 500,000
Equipment - - - -
TOTAL PROJECT COSTS 50,000 500,000 - - - - 550,000
SOURCES OF FUNDS: FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Various Grants 50,000 500,000 - - - - 550,000 -
- - - - Unfunded - - - -
TOTAL PROJECT REVENUE 50,000 500,000 - - - - 550,000
OPERATIONAL IMPACT FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
Additional Revenues
Charges for Services - - - - Other Revenues - - - - Less Additional Expenditures
New Personnel - - - - Maintenance and Other Operating - - - - Non Operating (Debt Service) - - - -
Net Annual Impact on Operations - - - - - - -
FUNDING SOURCES FY11 FY12 FY13 FY14 FY15 FY16 TOTAL
-
- - - - - - - - - - - - -
Total - - - - - - - Project Manager:
Original Plan Date: Concurrency Requirement:
DESCRIPTION / JUSTIFICATION:
PROJECT EXPENDITURES / FUNDING SOURCES:
OPERATIONAL IMPACT
This project will establish a public mooring field with the City of South Daytona, pursuant to an interlocal agreement between the two cities adopted in February 2010. Creation of a joint mooring field will enable both cities to regulate mooring within the waterways within both jurisdictions. Costs for design, permitting and construction of an initial mooring field for up to fifty (50) slips and associated upland facilities will be shared equally by the two cities. Operation of the mooring field will also be a joint responsiblity, however it is envisioned that the two cities will contract with a third party for management services.