WEBVTT

METADATA
Video-Count: 1
Video-1: youtube.com/watch?v=l40uP2GXfU8

Part: 1

1
00:00:00.080 --> 00:00:17.039
This was like heavy thinking. There's nothing left to do. Everything that's in it just needs it. >> But the the where all the water comes to has never been really paved and it's >> I would assume is that uh that

2
00:00:17.039 --> 00:05:12.080
infrastructure underneath they're putting in. >> Yes. >> The new lift station. >> That's the last little bit. [clears throat] Ch. All right. >> I I rely on the picture. >> Yeah.

3
00:05:12.080 --> 00:05:27.199
>> When it says go, I'll go. like my sister's done. I'm done. Uncle notice before that. >> Something like that. >> Me, too. >> I don't know if that's Greenwich meantime on there or not, but I'll go

4
00:05:27.199 --> 00:05:45.680
with it. >> It will all be Atlantic time soon, maybe. >> Oh, is there just Can they do that without >> Well, the House is talking about it. Has the Senate already said no? >> I don't know. I thought one of you said yes. I don't have to.

5
00:05:45.680 --> 00:06:03.529
>> It seems to be stuck on 559. >> There we go. >> Okay. Calling to order the community redevelopment agency governing board meeting Monday, July 20, 2026. It's 6 p.m. It appears all members are present.

6
00:06:03.529 --> 00:06:17.840
[clears throat] Uh first thing we've got is approval of minutes. What is the pleasure of the board? I'll make a motion to approve the minutes for April 20th, 2026 regular session. >> Second. >> There's a motion and a second. I'll call the vote. All those in favor of approving the minutes say I. >> I.

7
00:06:17.840 --> 00:06:34.800
>> Any opposed? Motion passes. Do we have anyone from the public that would like to speak? Nobody would like to speak. We've got nothing on consent and no resolutions. So, Mr. Kelly, I think you're up. >> Good evening, Mr. Chairman, members of

8
00:06:34.800 --> 00:06:54.479
the CRA governing board. Uh, tonight we'll be discussing the FY2026-27 budget and I'd like to ask uh, Miss Kelly Jones to come up and give a presentation. >> Good evening, Mr. Chairman and Mayor and members of the CRA board. I just want to spend a few minutes to go over what we

9
00:06:54.479 --> 00:07:09.840
have proposed for the 2627 budget for the CRA for this upcoming year. Um as you know the revenue the CRA gets is the tiff funding that it receives from both the city and from the county. Um this is comprised of the increment value within

10
00:07:09.840 --> 00:07:25.680
the CRA and the established millage rate. So for this upcoming year um so we had a work really fast we had a work session back on with city council back at the end of June. Um one of the legislations that has passed is Senate

11
00:07:25.680 --> 00:07:41.840
Bill 4F. Um what that has done and it has taken effect immediately but it it it changes the way that the maximum million rate is calculated for u municipalities going forward. So where in the past where our roll back rate um

12
00:07:41.840 --> 00:07:58.560
we would take the roll back rate plus 10% and it required a majority vote. So the majority vote for our council was three out of the five members. Um going forward they have amended that. So now the roll back rate um requires a majority vote and anything above that at

13
00:07:58.560 --> 00:08:13.440
this point would require twothirds vote of our council which is four out of our five members. Um what the city did and um what is going to be recommended at the city and council meeting today is actually a reduction in the city's millage rate for the upcoming year back

14
00:08:13.440 --> 00:08:29.199
to the roll back rate. Um we were able to do that by actually hoping to pay off some of the debt remaining in the general fund. So, what you're going to see uh proposed for next budget year um is the city does have a reduction proposed for its mill rate. It's going

15
00:08:29.199 --> 00:08:45.279
from uh 5.8610 down to 5.6692 mills. So, the revenue generated from the city would be the 985,000. Right now, we are not aware of a millage reduction or change from Semino County.

16
00:08:45.279 --> 00:09:02.000
So, their millage rate will remain the same at the 5.3751 mills. Um so it's just over 1.9 million total in revenue for the CRA. And then along with that we do budget for a um conservative amount of interest income to be received. So

17
00:09:02.000 --> 00:09:16.959
the total revenue projected for next year will be the $1.95 million. Any questions? Okay. So right now these are the proposed expenditures that are uh included as part of the CRA's budget for

18
00:09:16.959 --> 00:09:34.320
next year. Um on the operating side um most the expenditures remain the same. There was a slight increase in the financial audit and the cost for that for next year. Uh the current year's cost was uh just over 6,100. It will go up just slightly and we did remove from

19
00:09:34.320 --> 00:09:51.200
operating expenditures. Um we did remove the uh public arts funding of 25,000. That uh funding has built up a little bit over the last few years. So, we feel like for now there is a sufficient amount of funding set aside for that. On the capital side, uh we have the

20
00:09:51.200 --> 00:10:08.080
majority of funding going towards Franklin Street um with a little bit to Sari Park pond revisions and then the Boston Hill pedestrian crossing, but I am going to turn this over to Mr. Kelly for a minute because he did get additional information on Boston Hill since this was produced.

21
00:10:08.080 --> 00:10:24.800
>> Uh thank you, Kelly. Uh Mr. Mr. Chairman, members of the CRA governing board, uh we took a a bit of a closer look at the uh Boston Hill uh pedestrian crossing and uh due to the CRA's uh border uh specifically being noted in

22
00:10:24.800 --> 00:10:41.360
the legal description on the center line of State Road 434, uh the CRA can only fund half of that project. And due to the lack of a funding source on the city side, uh we're asking council's um uh permission to uh move that funding when

23
00:10:41.360 --> 00:10:56.160
we do bring a budget to you uh to either the Franklin Street uh project as contingency contingency or other funding or an additional project that is not noted here on this list. But again, due to the uh the center line of the CRA uh

24
00:10:56.160 --> 00:11:12.320
sorry, the center line of 434 being uh the CRA's border, and we unable to fund outside of the CRA, uh with this funding, uh we need to take a bit of a closer look at this project. Uh so we're just asking your permission again to move uh that funding either to a new

25
00:11:12.320 --> 00:11:27.200
project or Franklin Street funding and we will bring that to you uh when we bring the budget. >> Is that the end of your presentation or do you have more? >> I have one more thing. Go ahead. Do you want me to keep going? Okay. So, um as you all are aware of amendment three

26
00:11:27.200 --> 00:11:45.440
that will you can move on that will be put onto the ballot um in November. Um we have received information from the Simino County property appraiser and this is their best estimate as as far as they can tell for the next two years. So it would start in 2728 and then 2829.

27
00:11:45.440 --> 00:12:00.320
So, uh, what they're projecting for 2728, uh, with the $150,000 additional exemption would be a loss in, uh, taxable value in the CRA of 28.6 million in the first year. And then in 2829 when

28
00:12:00.320 --> 00:12:15.760
the 250,000 would go into effect, if it passes, it would be a reduction in the taxable value of 50.8 million. And so what we've done here is just to show you how that would affect the funding for the CRA. So 2627 is currently what we

29
00:12:15.760 --> 00:12:32.320
have proposed. Um this is flat in the sense that they when the property appraiser presented this they did not show any increase or decrease in the tax. They're basing it off 2627. So they're not changing it. They're keeping that the same and just

30
00:12:32.320 --> 00:12:48.560
reducing it by what they think the impact will be. This also uh takes into account that the millage rates will not change over this time period either. Um so what you'll see in 2728 would be uh between the city and Simino County would be a reduction in revenue of about

31
00:12:48.560 --> 00:13:03.680
157,000 and then into 2829 um if it were to pass and the 250,000 uh went into effect it would be a reduction in revenue to the CRA of about 280,000. And this is justformational notice to

32
00:13:03.680 --> 00:13:19.839
see how it would impact the CRA going into the future. Is that it? >> That's all I have. >> Okay. If we could start with any comments or questions before we move forward. Start with you, Mr. Slattery. >> I'm just thankful we're not in debt.

33
00:13:19.839 --> 00:13:42.320
>> You have no debt. >> I'm good. >> Well, this isn't so much for you as for whoever knows what the Solary Park revisions consist of. Good evening. The Solary Park revisions, there is a there are several areas

34
00:13:42.320 --> 00:13:59.440
around the pond that are below the 100redyear flood elevation. So, we would go in and just retrofit those three areas, >> like make them taller. >> Make them taller. >> Okay. >> Right. >> All right. Thank you. >> So, it's it's a minor project, but that's what it would be. >> All right. Cool,

35
00:13:59.440 --> 00:14:14.240
>> Councilman. Oh, you go. >> Oh, I I just have one observation that does kind of relate to the finances. I just did the math real quickly. And when it goes to the 250,000 exemption, only 15% of the value will be lost. So, we're retaining 85% of the value. And it's and

36
00:14:14.240 --> 00:14:28.880
it's an interesting difference to note when you do citywide versus just in the CRA because the whole point of the CRA was let's get a place and try to redevelop it in this walkable, highly productive kind of a

37
00:14:28.880 --> 00:14:46.320
way. And I would say that a 15% reduction versus the you know what what the rest of the city is seeing 45ish% uh that's pretty awesome. >> The there's not and I I don't know the percent off the top of my head but there the homestead properties within the CRA

38
00:14:46.320 --> 00:15:02.320
is significantly less than outside the city. I mean outside the CRA. So I >> yeah, it's just not not nearly as homesteaded, a lot more commercial, a lot more there's a bigger tax. >> I think um attachment five, we had attachment five in there was the information provided by the property

39
00:15:02.320 --> 00:15:17.920
appraiser and I'm pretty sure they say in there what percent of the properties and the value is actually homesteaded which much less than the other part of the city. >> Yeah. Thank you. >> Don't have anything. >> Okay. My thought just for everybody is

40
00:15:17.920 --> 00:15:33.360
that we temporarily put the money in the Franklin Street pot until we get bids in and know what it really costs because we we've had a little bit of a shocker with Citizens Lane. Uh we can always move money around later. That's that's just

41
00:15:33.360 --> 00:15:48.800
all I've got to say. Mr. Bford. >> Yes. So I had a question for for Mr. Kelly there. So, you're saying that within the city uh budget, we don't have funding to do this pedestrian crossing at Boston Hill >> at this time. We don't have an identified funding source on the city

42
00:15:48.800 --> 00:16:05.040
side. >> Yes, sir. >> Okay. All right. I would I would concur with you, Mr. Ashfield, to move it to the Franklin Street Extension. >> All set? >> You good? >> I'm good. Thank you. >> Okay. So, all we needed was direction.

43
00:16:05.040 --> 00:16:20.639
So, if everybody concurs when they come back at our next meeting, we'll just move that to the Franklin Street pot. Um, presumably if the city finds the other half of of funding for the crosswalk, we can talk about that again.

44
00:16:20.639 --> 00:16:37.440
Does anyone have any issue with that? Anyone have anything else for the CRA? Okay. So, I guess our next >> Mr. Chair, I'm sorry to interrupt. Uh, >> go ahead. >> We did bring up Citizens Lane a little earlier in the meeting. I thought it might be uh uh beneficial to the board

45
00:16:37.440 --> 00:16:58.000
for Mr. Gang to give a quick update on >> Sure. >> the status of that project. >> So, so update for Citizens Lane. Right now, it's scheduled to be substantially complete on August 3rd. So, they're focusing on the center portion of the roadway near the lift station. Lift

46
00:16:58.000 --> 00:17:14.079
station's complete, but that that was the last area to be complete. So, should be substantially complete August 3rd. We'll do a final walkthrough. So, probably within a week or two after that, it'll be 100% complete. >> Have we authorized backed in parking on there yet?

47
00:17:14.079 --> 00:17:31.440
>> Yes, we have. >> I mean, it's it's part of the design. It's >> part of the design >> and it's signed as such. So, it would Yes, it would need to be back in parking. >> So, I think his question relates to and maybe this is a question for Mr. Cobb.

48
00:17:31.440 --> 00:17:48.120
The city presently has an ordinance prohibiting back-end parking. And we're about to finish a road that >> has back >> features back in parking. >> So perhaps we can remedy that or ask the chief to be so nice as to not take a people for doing what the sign says.

49
00:17:50.080 --> 00:18:05.840
>> Thank you very much. >> Paul, with all these delays, are we still within budget? >> Yes, we are still within budget. Good. >> Yeah, we and we'll finish we'll finish within budget. Yes. >> Yeah. The biggest >> do you know if we're going to eat up our 10% buffer or or not?

50
00:18:05.840 --> 00:18:20.799
>> We're we have eroded that, but we still have some left. >> Okay. [laughter] >> Did Did you want an update on Franklin Street, too, real quick? >> While you're there, we may as well. >> Okay. So, Franklin Street, as you know, we did approve a change order for VHB to move forward with the modification of

51
00:18:20.799 --> 00:18:37.520
the signal line. They have submitted uh permit plans to the city. We've reviewed them, given them comments. We've submitted those to the county. So, we anticipate them submitting to DOT in early August for the permit review. Not sure how long that will be, but um we

52
00:18:37.520 --> 00:18:53.200
anticipate they'll be on schedule and we should be ready to bid probably in spring of 2027. >> And the county part is what >> to review the signal. >> Okay. >> This the the count since the county operates and maintains the signal, they they review it. >> Okay. >> And then we'll submit to DOT.

53
00:18:53.200 --> 00:19:09.200
>> While Mr. Year's here on those two projects, any more questions? >> Yes. Are we going to start this project before we are fully funded and have the cash in the bank >> for Franklin Street? You're asking? >> Yes, for Franklin Street. >> No, we wouldn't start it until we had

54
00:19:09.200 --> 00:19:25.760
funding. So, obviously when I said about ready for bid, that would be from a technical perspective, not necessarily from a budget perspective. So, obviously we'd have to work through that process. >> And will this next year's budget fulfill our requirement to have enough cash to

55
00:19:25.760 --> 00:19:41.600
finish this thing? I believe the is that correct Patrick based on the estimate we received from BHB does that additional funding get us to where we need to with the >> I believe about Miss Jones is coming up to save the day here um but [clears throat] I believe it put us a

56
00:19:41.600 --> 00:19:57.280
little bit $3.5 million or something >> based on the last estimate we received which was I'm not sure how long ago but based on that um we would have enough funding after Novemberish I mean we would get

57
00:19:57.280 --> 00:20:12.799
the m if the taxes come in if we receive them um November December we should have enough funding to move forward unless there's a significant change in the cost. >> So so if we have a few months of

58
00:20:12.799 --> 00:20:31.280
permitting then you may sit around a little bit before you go out to bids because the bids are typically good for how long? >> If if you go out to bid how long to hold those prices? Yeah, we wouldn't go out to bid until we had our permit in hand, >> right? So that that's at least several

59
00:20:31.280 --> 00:20:45.520
months, >> correct? >> And and our fiscal year starts October and you say money comes in November, >> more or less. So there's also the city portion, right?

60
00:20:45.520 --> 00:21:02.080
Okay, Mr. Slatterie, you good? You got more questions? >> I'm good. I just don't want to start this construction until we have all the money sitting there. And that also advises you that you can't take it back out to do these crosswalks if we're

61
00:21:02.080 --> 00:21:20.880
already going to use it. >> Right. We need the bids first before we move money around. Just letting you know that you can't take it back out if we've already >> just to note too, we we would not um take anything to you for approval as far as a bid goes if the city did not have

62
00:21:20.880 --> 00:21:37.799
sufficient funding to cover the entire amount. So, if we don't have it, we wouldn't bring it to you. Yeah. Good. >> As we had talked about debt, and I don't want any part of that. So, >> you're you're okay to lend it, just not to borrow it. >> That's [laughter] true. Anyone

63
00:21:38.320 --> 00:21:55.919
else have anything further for for Mr. Yeargame? Okay. Thank you. Okay. So, our direction is with with some caution for Mr. Schlatterie, come back next time, move the the crosswalk road into Franklin Street, and let's see

64
00:21:55.919 --> 00:22:13.120
what the future brings. So with that uh we have a meeting August 17th which I presume is our actual budget uh hearing would you say? >> Yes sir. >> Okay. Uh with that we are adjourned.

65
00:22:13.120 --> 00:22:22.000
Thank you everyone. >> Thank you. >> See you. >> I'm sorry I wasted so much. So,