HomeMy WebLinkAbout1999 01 11 Consent Item B
COMMISSION AGENDA
ITEM B
Consent X
Informational
Pu bUe Hearing
Regular
January 11 . 1999
Meeting
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Authorization
REQUEST: The Community Development Department - Planning Division requests the
Commission consider contributing $3,054.58 to the US. highway 17/92 Corridor
Redevelopment Trust Fund, per a formula established in County Ordinance 97-
55.
PURPOSE: The purpose of this board item is to request the Commission approve a
contribution of$3.054.58 to the US. Highway 17/92 corridor Redevelopment
Trust Fund. The formula for assessing each City's share of payment is
established in Section 4 of County Ordinance 97-55, enacted December 16, 1997.
APPLICABLE LAW & PUBLIC POLICY:
Chapter 163 Part III "Community Redevelopment" Florida Statues.
CHRONOLOGY:
May 28, 1997
County Commission declared the existence of one or more
blighted area within the corporate limits of the City of
Winter Springs and within the unincorporated area of the
county as described in Exhibit "A" in County Resolution
97-R-120.
June 24, 1997
County Commission established by resolution the US
17/92 Community Redevelopment Agency (County
Commission sits as the CRA.)
JANUARY 11,1999
REGULAR AGENDA ITEM B
Page 2
November 24, 1997 Mr. Kevin Fall from the Seminole County Planning
Department gave a presentation on the County's CRA's
proposed Community Redevelopment Plan to the City
Commission. The Commission adopted a resolution
supporting the proposed Community Redevelopment
Plan.
November 25, 1997 CRA public hearing held on the Community
Redevelopment Plan at 7:00 p.m. at County Commission
Chambers.
December 16, 1997 County Commission held a public hearing at 1:30 p.m. at
County Commission Chambers and formally adopted
Redevelopment Plan Ordinance 97-55 and
Redevelopment Trust Fund Ordinance.
CONSIDERATION:
The City Commission passed a resolution supporting Seminole County's Community
Redevelopment Agency and its proposed U. S. 17/92 Corridor Community
Redevelopment Plan on November 24, 1997.
FUNDING:
There is no line item set aside in this year's budget for this cost. Therefore, it will be
charged to the General Fund contingency account. The annual funding of the Trust
Fund shall be in an amount not less than that increment in the income, proceeds,
revenues and funds of each taxing authority derived from or held in connection with its
undertaking and carrying out of community redevelopment projects. Such increments
shall be determined annually as indicated in Section 4 of Ordinance 97-55.
RECOMMENDATION:
Staff has reviewed the amount designated as the City's portion to be contributed to the
U.S. 17/92 Corridor Redevelopment Trust Fund, the calculations are correct and staff
recommends that the Commission approve payment of $ 3,054,58.
IMPLEMENTATION:
N/A
ATTACHMENT:
Memo, dated November 30, 1998 to Mayor Paul P. Partyka from Terry Goembel,
Administrative Director County Property Appraiser's Office.
COMMISSION ACTION:
COMPREHENSIVE PLANNING DIVISION
PLANNING AND DEVELOPMENT DEPARTMENT
December 14, 1998
TO:
Tom Grimms, Planning and Zoning Coordinator
City of Winter Springs
Kevin Fall, Principal Planner J/!It~
Seminole County Comprehensive Planning Division
FROM:
SUBJECT:
U.S. 17-92 Redevelopment Trust Fund
The Seminole County Property Appraiser has finalized the 1998 Final Increment Value
of that portion of the U.S. Highway 17-92 Community Redevelopment District lying
within the incorporated area of Winter Springs. (The notice from the Seminole County
Property Appraiser is attached.)
As a reminder, Section 4 of County Ordinance No. 97-55 (attached) enacted December
16, 1997, establishes the funding requirements for the U.S. Highway 17-92 Corridor
Redevelopment Trust Fund.
Thank you for your attention to this matter. Please contact me if you have any questions.
Attachments
1101 EAST FIRST STREET SANFORD FL 32771-1468 TELEPHONE (407) 321-1130 EXT 7371 FAX 324-4818
H. W. "BILL" SUBER, CFA, ASA
SEMINOLE COUNTY PROPERTY ApPRAISER
SEMINOLE COUNTY SERVICES BUILDING
1101 EAST FIRST STREET' SANFORD, FLORIDA 32771
TELEPHONE (407) 665-7506' FAX (407) 665-7924
November 30, 1998
TO:
Honorable Paul P. Partyka, Mayor
City of Winter Springs, Florida
FROM:
Terry Goembel, Administrative Director
Seminole County Property Appraiser's Office
SUBJECT:
Portion of 17-92 Community Redevelopment District in the City of Winter Springs;
1998 FINAL INCREMENT VALUE (TD-W4)
The 1998 Seminole County tax roll is now complete and the 1998 Value Adjustment Board
has completed their hearings. Please find below the final 1998 final calculations for that portion of
the 17-92 Community Redevelopment District lying within the incorporated area of Winter Springs
as required by Chapter 163.387, Florida Statutes:
1998 FINAL TAXABLE VALUE OF THAT PORTION OF THE 17-92 CRA
CRA WITHIN WINTER SPRINGS AS SUBMITTED TO V AB:
$ 18,229,005
(less) 1998 VALUE ADJUSTMENT BOARD REDUCTIONS:
(LESS) BASE YEAR TAXABLE VALUES OF THAT PORTION OF
THE DISTRICT LOCATED IN WINTER SPRINGS, FLORIDA:
(1) Original District - 1997 Taxable Value
(
0)
( 17,323,146)
1998 FINAL VALUE OF THE INCREMENT @ 100%
$
905,859
1998 FINAL VALUE OF THE INCREMENT @ 95% $ 860,566
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Please contact this office if you have any questions regarding these final figures for 1998.
Copies to:
(1) Ronald McLemore, City Manager, City of Winter Springs
(2) Margo M. Hopkins, City Clerk, City of Winter Springs
(3) Harry Martin, Finance Director, City of Winter Springs
(4) Honorable Carlton Henley, Chairman, Seminole County BCC
(5) Cindy Manoni, Director, Seminole County OMB
(6) Kevin Fall, Capital Programs Analyst, Seminole Cnty Planning & Development
$perty cJlypraiser Services
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ORDINANCE NO. 97- 55
SEMINOLE COUNTY FLORIDA
AN ORDINANCE RELA TING TO COMMUNITY
REDEVELOPMENT WITHIN THE UNITED STATES IDGHWAY
17-92 CORRIDOR REDEVELOPMENT AREA; IMPLEMENTING
ACTIONS TAKEN BY THE BOARD OF COUNTY
COM:MISSIONERS IN RESOLUTION NUMBERS 97-R-120 AND 97-
R-130; FURTHER IMPLEMENTING THE PROVISIONS OF THE
COMMUNITY REDEVELOPMENT ACT OF 1969 (AS AMENDED);
ESTABLISHING THE REDEVELOPMENT TRUST FUND
PURSUANT TO SECTION 163.387, FLORIDA STATUTES;
PROVIDING FOR'THE FUNDING OF THE TRUST FUND TO
FINANCE OR REFINANCE COMMUNITY REDEVELOPMENTS
WITHIN THE UNITED STATES IDGHWAY 17-92 CORRIDOR
REDEVELOPMENT AREA; PROVIDING FOR LEGISLATIVE
FINDINGS; PROVIDING FOR DEFINITIONS; PROVIDING FOR
PROPER USE OF TRUST FUND MONIES; PROVIDING FOR
TRUST FUND ADMlNISTRA TION; PROVIDING FOR
INDEPENDENT FINANCIAL AUDIT; PROVIDING FOR
SEVERABILITY; PROVIDING FOR CODIFICATION AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, on May 27, 1997, the Board of County Commissioners of Seminole County
(herein the Board) adopted Resolution No. 97-R-120 by which it found and declared that there
existed in Seminole County a blighted area more particularly described therein and designated
the blighted area as a community redevelopment area (the "Community Redevelopment Area" or
"United States Highway 17-92 Corridor Redevelopment Area"); and
WHEREAS, the rehabilitation, conservation or redevelopment, or a combination thereof,
of said blighted area is necessary and in the interest of and furthers the public health, safety,
morals or welfare of the residents of Seminole County in order to eliminate, remedy and prevent
conditions of slum and blight; and
WHEREAS, the blighted area is appropriate for community redevelopment projects and
the need exists for a community redevelopment agency to function in Seminole County to carry
out the community redevelopment purposes pursuant to Part III of Chapter 163, Florida Statutes
(the "Community Redevelopment Act of 1969" (as amended) or the "Act"); and
WHEREAS, on June 24, 1997, the Board adopted Resolution No. 97-R-130 by which it
declared itself (the "Community Redevelopment Agency" in Seminole County or the "United
States Highway 17-92 Corridor Community Redevelopment Agency" or "Agency") and vested
in itself all rights, powers, duties, privileges and immunities vested in a community
redevelopment agency by the Act; and
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WHEREAS, the Board hereby finds that the findings, determinations, declarations and
actions set forth in Resolution Numbers 97-R-120 and 97-R-130 were and are supported by
substantial evidence and were and are proper; and that said findings, determinations, declarations
and actions were and continue to be valid, and therefore, the Board does hereby readopt, ratify
and reaffirm the findings, determinations, declarations and actions as set forth in said resolutions;
and
WHEREAS, the Economic Impact Statement required by the Home Rule Charter of
Seminole County has been prepared and adequately made available for public review; and
NOW, THEREFORE, BE IT ENACTED BY THE BOARD OF COUNTY COMMISSIONERS
OF SEMINOLE COUNTY, FLORIDA:
SECTION 1. LEGISLATIVE FINDINGS. The above recitals and the recitals set
forth in Resolution Numbers 97-R-120 and 97-R130 represent and are hereby ratified, adopted
and incorporated as legislative findings of the Board of County Commissioners relative. to the
provisions of this Ordinance.
SECTION 2. DEFINITIONS.
the meanings set forth in the Act.
The terms contained in this Ordinance shall have
SECTION 3. ESTABLISHMENT OF THE REDEVELOPMENT TRUST FUND.
Pursuant to Section 163.387 of the Act, there is hereby established a Redevelopment
Trust Fund (the "Trust Fund") for the use and benefit of the United States Highway 17-92
Corridor Redevelopment Agency. Funds allocated to and deposited in the Trust Fund shall be
used by the Agency to finance or refinance any community redevelopment activities it
undertakes pursuant to the United States Highway 17-92 Corridor Community Redevelopment
Plan.
SECTION 4. FUNDING OF THE TRUST FUND.
(a) For the duration of any community redevelopment project undertaken in the
United States Highway 17-92 Corridor Redevelopment Area pursuant to the Act, the annual
funding of the Trust Fund established by Section 3 shall be in an amount not less than that
increment in the income, proceeds, revenues and funds of each taxing authority derived from or
held in connection with its undertaking and carrying out of community redevelopment projects
pursuant to the Act. Such increments shall be determined annually and shall be that amount
equal to 95 percent of the difference between:
1) The amount of ad valorem taxes levied each year by each taxing authority exclusive
of any amount from any debt service millage, on taxable real property contained
within the United States Highway 17-92 Corridor Redevelopment Area; and
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Instructions: Florida's Department of State, Bureau of Administrative Code has
developed the County Ordinance Data Retrieval System (COORS) to facilitate the
tracking of County ordinances in Florida's 67 Counties. COORS' data base is
composed of over 25,000 county ordinances enacted since 1974.
We request your.cooperation in completing this coding form. It is to be completed
whenever your county enacts a new ordinance. Simply complete this form and
include it with other pertinent ordinance information that is submitted to the Bureau
of Administrative Code. '
To code this form properly, please refer to the "keyfields" description sheet that has
been given to your County Attorney's Office. If you do not have this sheet please
contact the Bureau. We, will be happy to fax one to you for referencing purposes.
Please fill out this form as completely as is possible.
Thank you for your assistance. Should you need further assistance please contact
the Bureau of Administrative Code, Department of State at (904)-488-8427 or
Suncom 278-8427.
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2) The amount of ad valorem tax revenues which would have been produced by the rate
upon which the tax is levied each year by or for each taxing authority, exclusive of
any debt service millage, upon the total of the assessed value of the taxable real
property in the United States Highway 17-92 Corridor Redevelopment Area as shown
upon the most recent assessment role use in connection with the ad valorem taxation
of such property by each taxing authority prior to the effective date of this Ordinance.
(b) Pursuant to Section 163.387(2) of the Act, commencing upon the effective date of
this Ordinance, each taxing authority shall, by January 1 of each year, appropriate to the Trust
Fund for so long as any indebtedness pledging increment revenues to the payment thereof is
outstanding (buLnot to exceed thirty (30) years) a sum that is no less than the increment as
defined and determined in Section 4(a) above, accruing to such taxing authority.
( c) Any taxing authority that does not pay the increment to the Trust Fund by
January 1 shall pay to the Trust Fund an amount equal to five percent (5%) of the amount ofthe
increment and shall pay interest on the amount of the increment equal to one percent (1%) for
each month the increment is outstanding.
(d) Each taxing authority may, in its discretion, deposit such other legally available
funds into the Trust Fund as may be described by resolutions adopted on or after the effective
date of this Ordinance.
SECTION 5. USE OF TRUST FUND MONIES. Monies in the Trust Fund
. may be expended from time to time for the following purposes, when directly related to
financing or refinancing of redevelopment in the United States Highway 17-92 Corridor
Redevelopment Area pursuant to the approved and adopted United States Highway 17-92
Community Redevelopment Plan (the "Plan"):
a) Administrative and overhead expenses necessary or incidental to the preparation and
implementation of the Plan adopted by the Agency;
b) Expenses of redevelopment planning, surveys and financial analysis, including the
reimbursement of the governing body or the Agency for such expenses incurred before
the Plan was approved and adopted;
c) The acquisition of real property in the Community Redevelopment Area;
d) The clearance and preparation of any property located in the Community Redevelopment
Area for redevelopment and relocation of site occupants as provided in Section 163.3 70
of the Act; ,
e) The repayment of principal and interest or any redemption premium for loans, advances,
bonds, bond anticipation notes, and any other form of indebtedness;
f) All expenses incidental to or connected with the issuance, sale, redemption, retirement, or
purchase of Agency bonds, bond anticipation notes, or other form of indebtedness,
including funding of any reserve, redemption, or other fund or account provided for in the
ordinance or resolution authorizing such bonds, notes, or other form of indebtedness;
g) The development of affordable housing within the area; and
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h) Any other purpose authorized by law.
SECTION 6. TRUST FUND ADMlNISTRA TION. The Trust Fund shall be
maintained and administered as a separate account of Seminole County for the use and benefit of
the Agency, and unexpended monies deposited therein shall be invested in any lawful manner in
which other County funds may be invested, subject to such direction as may be given by
resolutions of the Board of County Commissioners from time to time,
SECTION 7. INDEPENDENT FINANCIAL AUDIT. The Agency shall provide for
an independent financial audit of the Trust Fund each fiscal year and shall issue a report of such
audit. Such report shall describe the amount and source of deposits into, and the amount and
purpose of withdrawals from, the Trust Fund during such fiscal year and the amount of pri~cipal
and interest paid during such year on any indebtedness to which is pledged increment revenues
and the remaining amount of such indebtedness. The Agency shall provide a copy of the report
to each taxing authority,
SECTION 8. SEVERABILTIY. If any provision of this Ordinance is for any reason
held to be invalid or unconstitutional by any court of competent jurisdiction, such provision and
such holding shall not affect the validity of any other provision, and to that end the provisions of
this Ordinance are hereby declared to be severable.
SECTION 9. CODIFICATION: It is the intention of the Board of County
Commissioners that the provisions of this Ordinance, including its preamble, shall become and
be made part of the Seminole County Code and the word "ordinance" may be change to
"section," "article," or other appropriate word or phrase and the sections of this Ordinance may
- be renumbered or relettered to accomplish such intention, except that Sections 8, 9, and 10 shall
not be codified.
SECTION 10. EFFECTIVE DATE. This ordinance shall take effect December 31,
1997.
Dec.
, 1997.
Enacted this 16th
day of
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