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HomeMy WebLinkAbout160253 - MINUTES - CRA MINUTES OF MEETING CITY OF DANIA BEACH COMMUNITY REDEVELOPMENT AGENCY WEDNESDAY, MAY 6, 2009 — 6:00 P.M. 1. Call to Order/Roll Call Chairman Castro called to meeting to order at 6:00 p.m. Present: Chairman: Anne Castro Vice-Chairman: C.K. "Mac" McElyea Board Members: Bob Anton Walter Duke Albert Jones CRA Director: Jeremy Earle City Attorney: Thomas Ansbro CRA Secretary: Louise Stilson 2. CRA Updates Jeremy Earle, CRA Director, noted we received one appraisal for the surface parking lot and we should receive more in the next few days. Jeremy Earle, CRA Director, provided the Board with a memo from James Carras regarding the Broward New Markets LLC New Markets Tax Credit Update. James Carras, Carras Community Investment, briefly explained that the New Markets Tax Credit Program, operated through the US Department of Treasury, is a federal tax initiative designed to increase the amount of investment capital available to business and economic development programs in low-income communities. He noted that in order to officially become a member of the Broward New Markets, LLC, we would be required to pay a membership fee of$15,000.00 which will cover the application preparation costs. A portion of the credits awarded is reserved for a period of 18 months for submission of projects that can meet the underwriting criteria, and review and recommendation from the management team. Mr. Carras noted that a draft member's agreement will be submitted for review by May 15, 2009. Board Member Duke questioned the current market for tax credit. Mr. Carras responded that nowadays the market is slow; however, we have commitments from four financial institutions that indicated they would buy some or most of the credits. Board Member Jones motioned to approve the $15,000.00 membership fee to join the Broward New Markets (BNM) LLC; seconded by Board Member Anton. The motion carried on the following 5-0 Roll Call vote: Board Member Anton Yes Vice-Chairman McElyea Yes Board Member Duke Yes Chairman Castro Yes Board Member Jones Yes Jeremy Earle, CRA Director, discussed purchasing Segways for the Police Officers and Code Compliance Officers to perform enforcement in the CRA district. He said this would provide face-to-face contact with the community. The Board asked for a recommendation from BSO Chief Peterson and the City Manager. They would also like to know if there are any Law Enforcement Trust Funds (LETF) or grants available. 3. Approval of Minutes Board Member Duke motioned to approve the minutes of April 1, 2009; seconded by Board Member Jones. The motion carried on the following 5-0 Roll Call vote: Board Member Anton Yes Vice-Chairman McElyea Yes Board Member Duke Yes Chairman Castro Yes Board Member Jones Yes 4. Presentation - Strategic Implementation Finance Plan Jeremy Earle, CRA Director, noted that he and Kim Briesemeister, MetroStrategies, Inc., have developed a Strategic Finance Plan to implement our Redevelopment Plan according to F.S. 163, Chapter III. He indicated that a revised plan had been forwarded to the board members since the distribution of the agenda packet. Kim Briesemeister, MetroStrategies Inc., noted that the 5-Year Financing and Implementation Plan has been used in other cities and has proven to be very effective at attracting private sector investment. She presented a PowerPoint overview of the 5-Year Financing and Implementation Plan, which is attached to and incorporated into these minutes. Board Member Anton confirmed with Ms. Briesemeister that there is no specific formula to create our own TIF. Board Member Jones clarified with Ms. Briesemeister that there is no particular source where the funds would have to come from in order to leverage up to a bond. Minutes of Regular Meeting 2 City of Dania Beach Community Redevelopment Agency Wednesday, May 6,2009—6:00 p.m. Board Member Duke noted there are a lot of advantages with the implementation of the Plan because we would be investing in ourselves. He remarked that Dania Beach has a wonderful location and that through the CRA we would improve our overall community appearance. Board Member Duke further said that the negatives would only be re-directing some of our tax revenues and going into some debt, but we would have some flexibility to move those funds around, if needed. Chairman Castro confirmed with Ms. Briesemeister that the Plan would run with the City's Fiscal Year. She thought the Plan would eventually make the City totally solvent and improve our quality of life. Board Member Anton agreed that putting this Plan in place would be very positive for our City. It was the consensus of the Board to plan for the implementation of the Strategic Finance Plan during the budget process. 5. Presentation - Parkin Stud tudy Jeremy Earle, CRA Director, introduced the representatives from Kimley-Horn and Associates who have prepared a Parking Study for the downtown area. Pooma Bhattacharya and Tikus Holloway, Urban Planner and Planner/Engineer respectively, Kimley-Horn and Associates, Inc., presented a PowerPoint overview of the Parking Study which was included in the backup material in the agenda packet. Ms. Bhattacharya noted some of their recommendations when developing a Parking Management Plan are: • Implement Shared Parking Provisions • Establish a Payment-in-Lieu system, rather than waive parking • Implement a Transportation Demand Management (TDM) Program • Designate/Enforce On-Street Parking • Downtown Parking District • Centralized Public Parking over Private Parking Ms. Bhattacharya confirmed for Board Member Duke that the City of Delray Beach could be considered a good parking model taking into account the system that they have in place. Jeremy Earle, CRA Director, noted this study provides the legal notice required, so the next step is to create the Payment-in Lieu system which would fit into our Code. He indicated that the 30 space surface parking lot that will be constructed in the CRA area would be metered and therefore would generate some revenue for the City. Director Earle further advised that we will also look for additional parking on the east side of Federal Highway. He stressed the importance of moving forward with this plan while the Mellgren Planning Group is working on the Unified Zoning Code. Minutes of Regular Meeting 3 City of Dania Beach Community Redevelopment Agency Wednesday, May 6,2009—6:00 p.m. Chairman Castro noted that based on the study and the parking required by Code, the total deficit is approximately 3,490 spaces. She suggested a revision to the Code which would reflect the real parking demands in the City. Chairman Castro pointed out that we also need to look at the street surface parking and mark the areas accordingly. She further said that we need more than the Payment-in-Lieu system; we need to implement the whole plan. Discussion followed regarding the Affordable Housing parking requirements currently used by the City of Los Angeles, as well as the benefits of implementing Shared Parking Agreements. 6. Presentation - Signage Master Plan Rick Durr and Kirk Olney, IBI Group, presented a PowerPoint overview of the Signage Master Plan that was included as backup in the agenda packet, and is attached to and incorporated into these minutes. The Board generally agreed that signs are a key issue in the redevelopment process. Jeremy Earle, CRA Director, noted that we need to begin incorporating some of these elements along Federal Highway, and we could see something happen in approximately four months. 7. Presentation - New CRA Regulations Jeff Katims and Swati Meshram, The Mellgren Planning Group, presented a PowerPoint overview of the proposed Development Standards, which were included in the backup materials in the agenda packet. Mr. Katims noted that we need to define the character of the city. He indicated that these are the guidelines that will become part of the One Code once it is adopted later this summer. Board Member Anton was pleased to see that this document will be easy to read and understand by everyone. Discussion followed between Board Member Duke and Mr. Katims regarding the density bonus and the maximum density allowed under the new guidelines. Jeremy Earle, CRA Director, noted that this product is developer friendly and we have tried to be as generous as we can to encourage development in our City. Board Member Duke motioned to approve the new CRA Regulations; seconded by Board Member Anton. The motion carried on the following 5-0 Roll Call vote: Board Member Anton Yes Vice-Chairman McElyea Yes Board Member Duke Yes Chairman Castro Yes Board Member Jones Yes Minutes of Regular Meeting 4 City of Dania Beach Community Redevelopment Agency Wednesday,May 6,2009—6:00 p.m. 8. CRA Contracts Jeremy Earle, CRA Director, requested that the existing contract for The Mellgren Planning Group be increased by $41,000.00, which would reflect all of the work required by the Broward County Planning Council for re-submittal of the Regional Activity Center (RAC) Land Use designation for the area that comprises the expanded CRA boundary. He also requested an increase of $25,000.00 for MetroStrategies Inc. for the additional work to implement our Strategic Finance Plan. Director Earle noted that an additional $1,500.00 is also required for The Mellgren Planning Group for additional information to Broward County for the Finding of Necessity Report and the Redevelopment Plan. He pointed out that funding for the previously mentioned requests would be derived from the CPA budget. Board Member Jones motioned to approve an additional $41,000.00 for The Mellgren Planning Group for the Regional Activity Center (RAC) Land Use designation; seconded by Board Member Duke. The motion carried on the following 5-0 Roll Call vote: Board Member Anton Yes Vice-Chairman McElyea Yes Board Member Duke Yes Chairman Castro Yes Board Member Jones Yes Board Member Anton motioned to approve an additional $1,500.00 for The Mellgren Planning Group to provide additional information to Broward County for the Finding of Necessity Report and the Redevelopment Plan; seconded by Board Member Jones. The motion carried unanimously. Board Member Duke motioned to approve an additional $25,000.00 for MetroStrategics, Inc. to implement the Strategic Finance Plan; seconded by Board Member Jones. The motion carried unanimously. 9. Facade Improvement Program Jeremy Earle, CRA Director, advised the CRA Facade and Exterior Grant Program is an incentive available to businesses located in the CRA for aesthetic improvements to the exterior of a commercial building and site. He noted the information on the program was distributed to the board members at tonight's meeting. Director Earle clarified that the funding source for this Program will be the S2.3M Capital Redevelopment Fund. Board Member Jones motioned to approve the Facade Improvement Program with the addition of the Enterprise Zone requirement; seconded by Board Member Duke. The motion carried unanimously. Minutes of Regular Meeting 5 City of Dania Beach Community Redevelopment Agency Wednesday, May 6, 2009-6:00 p.m. 10. RESOLUTION #2009-CRA-006 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CITY OF DANIA BEACH COMMUNITY REDEVELOPMENT AGENCY, AUTHORIZING THE CRA EXECUTIVE DIRECTOR TO EXECUTE DOCUMENTS AND APPLY TO THE FLORIDA BOATING IMPROVEMENT PROGRAM TO CREATE A BOATING ACCESS PLAN FOR THE DANIA BEACH CUT-OFF CANAL AND C-10 CANAL; PROVIDING FOR FUNDING; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE. City Attorney Ansbro read the title of Resolution #2009-CRA-006. Jeremy Earle, CRA Director, noted this Resolution would allow us to apply for grant funding for the canals. Board Member Anton motioned to adopt Resolution #2009-CRA-006; seconded by Board Member Jones. The motion carried on the following 5-0 Roll Call vote: Board Member Anton Yes Vice-Chairman McElyea Yes Board Member Duke Yes Chairman Castro Yes Board Member Jones Yes 11. Adjournment Chairman Castro adjourned the meeting at 8:26 p.m. ATTEST: COMMUNITY REDEVELOPMENT AGENCY LOUISE STILSON, CMC PAtW" 's FiRST ANNE CASTRO CRA SECRETARY s — c''� CHAIRMAN— CRA Approved: June 3, 2009 Minutes of Regular Meeting 6 City of Dania Beach Community Redevelopment Agency Wednesday, May 6,2009—6:00 p.m. i Memorandum To: Jeremy Earle From: James Carras Date: 5/6/2009 Re: Broward New Markets LLC New Markets Tax Credit Update The Broward New Markets, LLC (BNM LLC) applied for the U.S. Treasury Department's Community Development Financial Institution Fund (CDFI Fund) New Markets Tax Credit (NMTC) program for 2009-2010. The total amount to be awarded this year (approximately Fall 2009 decision date) is $5 billion in tax credit authorization. BNM, LLC applied for$100,000,000 in tax credit authorization which would be sold to investors on a dollar for dollar basis. BNM, LLC was formed by its Controlling Entity, Amera Broward Central, Inc. in 2008, which is primarily owned by George Rahael, a developer with a long history of redevelopment projects in Lauderhill, Coral Springs, and Fort Lauderdale. BNM, LLC's original members include the Managing Director (Amera), City of Lauderhill Community Redevelopment Agency (CRA) and Southeastern Properties, developer of the Lauderhill Mall. The Controlling Entity (i.e. Amera) plays a critical and significant role in applying for NMTC since that entity must have a substantial track record in "financing and investing" in "qualified area low income areas and businesses." Of the three original members only Amera had that qualification. In addition, Amera utilized its financial resources to establish Broward New Markets LLC and pay for half of the costs of application submission. An NMTC application was previously submitted in the 2008/2009 round but it was unsuccessful. Among the CDFI Fund comments included the need to expand into a more diverse market for impact and portfolio risk purposes as well as improving the management team that would operate the entity once it was capitalized. To that end, Broward New Markets LLC contracted with a nationally recognized management firm that currently manages a three time NMTC award winner. To address the geographic diversity comment, BNM LLC decided to expand its primary target market and include other "CRAB" in Broward County as part of the application. We have included in the application the CRAB from Dania Beach,Fort Lauderdale,Margate, and Lauderdale Lakes. In order to officially become a member of the BNM, LLC, each CRA will be required to pay a membership fee of$15,000 which will help defray the application preparation costs. As a member, each new CRA will have a portion of the credits (e.g. 15 to 20 %) awarded"reserved" for its CRA for a period of time (e.g. 18 months) for submission of projects that can meet the underwriting criteria, review and ultimately recommendation from the management team. The time limit is based on the need for BNM, LLC to invest its capital in a responsible and expeditious manner in order to qualify for future rounds of NMTC funding rounds. A draft Members Agreement is being prepared and will be subject to review for each member by May 15°i and submitted to you for your review and hopefully approval. 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Community Redevelopment Agency Strategic Finance Plan Lh.- DAN IA BE AAC H COMMUNITY REDEVELOPMENT AGENCY "Stimulating redevelopment activity in order to strengthen the economic base of the redevelopment area" DRAFT Fable of Contents Board of Commissioners and CRA Staff 3 Agency Executive Staff 3 Recognition Page 4 Executive Summary 5 Summary of CRA Work Plan 7 Management and Operations Organizational Structure 7 Programs and Incentives 7 Marketing and Public Relations 7 Interdepartmental Coordination 7 Target Area Map 9 Project Target Areas City Center 10,11 College Gardens 11,12 Sun Gardens Isles 12,13 Dania Beach Heights 13,14 East Federal Hwy 14,15 Marine 15,16 West Bryan Road 16,17 Strategic Finance Plan 18 2 CRA Board Members Chair Anne Castro Vice Chair C.K McElyea Board Member Bob Anton Board Member Albert Jones Board Member Walter Duke Age uc ]Executive Sty Executive Director Jeremy Earle 3 Recognition Pam Prepared By Jeremy Earle Executive Director Kim Briesemeister MetroStrategies, Inc With Support From xxx xxx xxx xxxx Special Thanks to all participating City Departments 4 Executive Summary Background In May 2008, the CRA Board determined that a more aggressive approach was needed to effectively address the blighted conditions in the district and that expansion of the district was needed. In response, CRA staff with support of a consultant team began the process of expanding the district, amending the CRA plan and creating a five-year, strategic redevelopment program to identify funding capacity to fund the initiatives in the plan. A final version of the expanded CRA Plan was presented to the CRA Board on February 4, 2009 as an overall vision for the Agency to follow as a guideline for redevelopment activity over an extended period of time. To implement the CRA Plan in manageable segments, this document referred to as a Strategic Finance Plan has been drafted to provide a financial component for implementation. As the financial state of the Agency changes over time, the plan will be updated to reflect newly identified funding sources or other sources available to the Agency such as bonding capacity. The Strategic Finance Plan is an aggressive yet fiscally conservative strategy to implement redevelopment initiatives as detailed in the Plan. The evaluation of the Plan's success will be measured by the redevelopment activity generated as a result of the Plan. In summary, the Dania Beach CRA is positioned to undertake redevelopment activity based on a solid redevelopment strategy for an extended period of time. The intended result is an increase in private sector investment because the development community, residents, lenders and all others involved in redevelopment recognize that a solid, long term commitment has been made by the elected officials presiding over the redevelopment area. Note that it is imperative that the redevelopment approach remain focused and consistent. All resources, including staff resources and funding must be committed for a long enough period of time to show results. While the desire may arise to identify and tackle other areas and issues within the district, wavering from the planned approach will only dilute any effort put into the redevelopment program. The Plan must remain flexible however to be able to respond to the ever changing conditions in the marketplace. The Plan can be amended by the CRA Board when necessary. 5 Pursuant to the Redevelopment Act, the governing body of a municipality may declare itself the CRA, in which case all the rights, powers, duties, privileges, and immunities vested by F.S. § 163 in the CRA will be vested in the governing body of the municipality. The City Commission has chosen this option and functions as the Agency. 6 Su►mmay of CRA Work Plain CRA Project Target Areas • City Center—the primary focus of the City Center district is the creation of an urban core. Development of parcel 109, construction of a parking garage, redevelopment and rehabilitation of commercial and retail uses, landscape along US I, and business attraction and retention are targeted initiatives. Special Incentive programs have been identified to facilitate rehabilitation of properties. Marketing and public relations are an integral aspect of the City Center redevelopment. • College Gardens—Neighborhood beautification and acquisition of vacant lots for infill development are priorities.A pocket park has been identified as a targeted project for this area. • Sun Gardens Isles -Neighborhood beautification and acquisition of vacant lots for infill development are priorities. • Dania Beach Heights - Neighborhood beautification and acquisition of vacant lots fro infill development are priorities.A pocket park has been identified as a targeted project for this area. • East Federal Hwy—this area has the most potential for public/private partnerships which would be negotiated on a project by project basis. Development assistance and property acquisition of parking are also targeted projects. Marketing and leasing activities are included. • Marine—the reconstruction of the US-1 and FEC Bridge are long term redevelopment objectives. For the purposes of this Strategic Finance Plan, a series of funding sources will be identified and added as the plan progresses. Old Griffin Bridge reconstruction and realignment and Dania Beach Blvd bridge construction are also considered. • West Bryan Road—largely industrial there are no imminent projects identified in the Finance portion of the plan at this time. The area is recognized in the plan however for future redevelopment opportunities. 7 Management and Operations • Organizational Structure—The Agency currently has one full time Director. To achieve the objectives within the CRA Plan and this Finance Plan, additional staffing will be required. Until funds are available for pan time or full time CRA staff, consultants can be utilized on an as needed basis. • Programs and Incentives- Four incentive programs have been identified as tools for implementation of the finance plan. • Marketing and Public Relations— a marketing and public relations program needs to be created to promote the redevelopment activity as it is planned and as it occurs. Examples of marketing materials have been provided. • Interdepartmental Coordination—Coordination with city departments in particular code enforcement, permitting and police are contemplated. A redevelopment task force headed by the CRA Director will be formed with a regular meeting schedule to ensure coordination of activities within the district. 8 Project "Target Areas City Center Summary Description Location: bound on the south by SE/SW 2nd Street, on the west by NW/SW 5`' Avenue, on the north by NW 3`d Terrace, the Dania Cut-Off Canal and NW 7`h and 8`" Streets (extended) and on the east by NE/SE 1"Avenue and NE 1" Court. Zoning: TOD (Transit Oriented Development), RD-8000 (two-family residential), C-2 (commercial), C-4 (commercial), I-R(industrial restricted) General Characteristics: Aging buildings Incompatible uses General unplanned appearance High concentration of contaminated sites Poor property maintenance Significant amount of vacant land (City-owned) Inadequate street and Swale landscaping and maintenance Inadequate parking Discontinuous pedestrian access, often interrupted by vehicular use Bisected by FEC Rail corridor Redevelopment of the City Center will require significant modification of the current urban landscape and will create an identifiable downtown. The center piece of redevelopment in this area will be NW/SW I"Avenue, which will serve as the pedestrian-friendly main street. It will function as a mixed use commercial area and will be visually connected to Federal Highway by way of"portals", open plazas that will allow for foot traffic and provide usable open space. The current site of City Hall will remain as government and community use and will be the location of Dania Beach's library. City hall and its environs also provide the potential location for a "one-stop" community resource center. The City Center sub area 10 extends westward beyond the FEC railroad tracks and improvements to Dania Beach Boulevard and the areas along the rail corridor will be designed to eliminate the historical dividing line that has existed since the creation of the City. The area immediately west of the FEC tracks and north of Dania Beach Boulevard is the potential future location of the commuter rail station. The CRA Redevelopment Plan acknowledges the role of the Federal Highway corridor as an arterial roadway and includes improvements to enhance and further the City's antique district and to provide an aesthetic entree to the Downtown. Parcel 109 Parking Garage Property Acquisition for Surface Parking Landscape US Facade/ Incentive/Development Assistance Marketing PR College Gardens Summary Description Location: Bound by the Florida East Coast (FEC) railway corridor to the east, N 22n' Avenue to the west, Stirling Road to the north and Sheridan Street to the south Zoning: RS-6000 Single Family General Characteristics: Vacancy rate 11 percent 57 percent renter occupancy Average household size is 2.8 persons per household (City average is 2.19) Multi-family units lack adequate parking General need for maintenance and repairs Parking throughout the neighborhood is deficient Lack of street landscaping or swale maintenance Structural and infrastructure deterioration Vagrancy Inadequate public park land 11 Redevelopment and revitalization of College Gardens will require significant physical upgrades and a concerted effort on the part of the City to improve code enforcement, provide services and strengthen law enforcement efforts. The latter will require coordination with the City's external partners to ensure that crime which currently occurs across the shared boundary with the City of Hollywood is eliminated. Provision of mixed residential and commercial use opportunities and affordable home ownership alternatives should be a priority. Physical improvements will be necessary to Phippen-Waiters Road in order to provide the basis for a mixed use, pedestrian-friendly corridor. A potential redevelopment opportunity is the future commuter rail station that is planned for the area east of Phippen- Waiters Road and north of Sheridan Street. Neighborhood Beautification Acquisition of vacant lots/Infill Housing Rehabilitation Pocket Park Sun Gardens Isles Summary Description Location: bound by the Dania Cut-Off Canal on the north, Stirling Road on the south, Bryan Road on the west and the existing western Community Redevelopment Area boundary on the east Zoning: RD-8000 (two-family residential), RS-6000 (single family residential), RM and RM-1 (multi-family residential) General Characteristics: Vacancy rate 11 percent 60 percent renter occupancy Overall disinvestment in the area Absentee ownership Poor property maintenance—unsafe conditions Vacant lots and abandoned structures Crime Inadequate street and Swale landscaping and maintenance 12 Inadequate parking Discontinuous pedestrian access Street flooding C.W. Thomas Park and Community Center—large and well equipped Redevelopment and revitalization of Sun Garden Isles will require significant physical improvements as well as a concentrated code enforcement and law enforcement effort. The extension of Dania Beach Boulevard across the C-10 Canal to Bryan Road and incorporation of commercial mixed use opportunities along this newly created corridor central to the redevelopment of this neighborhood. Enhanced code enforcement will be necessary in this neighborhood to address property maintenance issues. Likewise, it will be important for the City and the CRA to provide maintenance to deteriorated and substandard infrastructure. Provision of affordable housing and home ownership opportunities should be a high priority and the existence of numerous vacant lots in Sun Garden Isles provide relocation Neighborhood Beautification Acquisition of vacant lots/Infill Housing Rehabilitation Dania Beach Heights Summary Description Location: bound by the FEC right-of-way on the west, Sheridan Street on the south, Stirling Road on the north and US 1 to the east Zoning: RD-8000 Two Family General Characteristics: Vacancy rate 23 percent 40 percent renter occupancy Average household size is 2.3 persons per household(City average is 2.19) Inadequate parking General need for maintenance and repairs Parking throughout the neighborhood is deficient Unsanitary and unsafe conditions were observed in alleys Lack of street landscaping or swale maintenance Inadequate buffering between commercial and residential uses 13 Structural and infrastructure deterioration Inadequate public park land Redevelopment and revitalization of Dania Beach Heights should concentrate on substantially preserving the single family character of the neighborhood while strategically incorporating mixed use and loft style residential development. Provision of home ownership opportunities should be a priority. A significant issue in the redevelopment of this area is the need to provide adequate buffering between the residential and commercial development that occurs along Federal Highway. Residential Office use is recommended on the north and south along the Stirling Road and Sheridan Street corridors. The existence of alleys in the neighborhood presents the opportunity to alleviate the parking, but alleys need to be improved to eliminate unsanitary conditions and create a safer environment. Neighborhood Beautification Acquisition of vacant lots/Infill Housing Rehabilitation Pocket Park East Federal Hwv Summary Description Location: The southern portion is generally bound on the south by Sheridan Street, on the west by Federal Highway, on the east by SE 2nd Avenue and on the north by SE 2"1 Street. The northern portion is bound on the south by SE 2nd Street and SE 1" Street, on the west by SE/NE 1"Avenue, on the north by the Dania Cut-Off Canal and NE 2nd Place (extended) and on the east by the CRA boundary. Zoning: TOC-2 (Transit Oriented Corridor), RD-8000 (two-family residential), RM (multi-family residential), TOC-1 (Transit Oriented Corridor), RS-6000 (single family residential), RS-8000 (single family residential) General Characteristics: Mix of owner-occupied and rental Inadequate street and Swale landscaping and maintenance—southern portion Deteriorated commercial development along corridors 14 Vacant, undeveloped property—northern portion Frost Park and Community Center—large and well equipped Redevelopment in the East Federal Highway/Dania Beach Boulevard sub area will include two primary initiatives. The first is provision of buffering and transition opportunities along the corridors to protect the single family development that lies beyond the corridors and the City Center. Residential Office use is recommended in the south along the Sheridan Street corridor, and improvements to the areas between mixed use and/or Town Center uses and residential will be necessary. Second will be the development of an urban village north of Dania Beach Boulevard at the east side of the CRA,which will provide a range of housing opportunities for current and future residents. Development Assistance/ Incentives Public/Private Partnerships Marketing/leasing Property acquisition surface parking Marine Summary Description Location: bound on the north by New Griffin Road/NW 10" Street, on the east by the eastern property line of Broward Marine, Inc., on the south by the Dania Cut- Off Canal, NE 2nd Street (extended) and NW 3'd Terrace, and on the west by Bryan Road. The Southern portion of the Marine sub area is bound on the east by the eastern bank of the C-10 Canal. Zoning: I-G (industrial), IRO (industrial restricted), IROM (industrial), C-3 (commercial), RD 8000 (two-family residential), General Characteristics: Aging buildings Incompatible uses Vacancy and deteriorated structures Several contaminated sites Poor property maintenance Inadequate infrastructure and obstructions to navigation Underutilized sites 15 Redevelopment of the Marine sub area is critical to the CRA Redevelopment's Plan's goal of attracting and expanding the Marine Industry. Reconfiguration of existing land use patterns, relocation of roadways, redesign, demolition and new construction of bridges and dredging and widening of waterways will be required. A large portion of the marine sub area is r constrained by the existence of main electrical power lines. The land under the power lines are restricted by easements and coordination with Florida Power and Light (FPL) will be necessary for its utilization. This land does however, provide an opportunity for uses that are necessary for marine related businesses such as boat storage or staging areas for boat yard operations. Other energy production uses for power line easements not related to the marine industry are discussed elsewhere in the plan. Bridge Reconstruction US ! Bridge Reconstruction FEC Bridge Reconstruction Old Griffin and Realignment Dania Beach Blvd Bridge Construction/(Bryan rd tie in) West Bryan Road Summary Description Location: bound on the north by the southern boundary of the existing mobile home park, which is approximately in line with NW 3'd Terrace (extended), on the east by Bryan Road, on the south by Stirling Road and on the west by Interstate Highway 95. Zoning: C-2 (commercial), IRO (industrial restricted), IROM (industrial), IROC (industrial) C-4 (restricted commercial) General Characteristics: Large vacant parcels Contaminated sites Partially developed infrastructure Some development plans in place 16 The West Bryan Road sub area is the location of commercial recreation uses and planned hotel development. A large area in the southern portion of the site is currently utilized for industrial purposes and will be redeveloped over time consistent with those hotel and recreational uses. Redevelopment of this area will be sensitive to the potential conflicts of uses on opposite sides of Bryan Road. 17 Strategic Finance Plan Synopsis The Strategic Finance Plan for the City of Dania Beach CRA District presents the financial forecast data in three (3) distinct ways: • Summary Statement by Project (i.e. segments forecasted expenditures by project type); • Summary Statement by Sub Area (i.e. segments forecasted expenditures by Target Area); and • Detailed Source & Use Statement (segments forecasted expenditures by their specific funding source). Accompanying the Strategic Finance Plan statements are Supporting Schedules which provide detailed information involving: Source & Use Statements for each Target Area that specify the individual sub-projects and associated funding sources; tax increment revenue forecasts; and miscellaneous operating expenditure forecasts. City Center Parcel 109 Parking Garage Property acquisition for Surface Parking Landscape US Fa4ade/ Incentive/Development Assistance Marketing PR College Gardens Neighborhood Beautification Acquisition of vacant lots/Infill Housing Rehabilitation Pocket Park Scut Gardens Isles Neighborhood Beautification Acquisition of vacant lots/Infill Housing Rehabilitation 18 Dania Beach Heights Neighborhood Beautification Acquisition of vacant lots/Infill Housing Rehabilitation Pocket Park East Federal Hwy Development Assistance/ Incentives Public/Private Partnerships Marketing/leasing Property acquisition surface parking Marine Bridge Reconstruction US ! Bridge Reconstruction FEC Bridge Reconstruction Old Griffin and Realignment Dania Beach Blvd Bridge Construction (Bryan road tie in) West Bryan Road (Industrial) 19