2011 Annual Remrt And Financid Statement

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1 L u I 2011 Annual Remrt And Financid Statement

AND REDEVELOPMENT DISTRICT BOUNDARIES- j3. Community Redevelopment Agency y, :; :j - Board Members Chairman George F. Locke, Ill Vice Chairwoman Nancy Long Brandon Voung Lisa O'Neal Ralph G.

2 AND REDEVELOPMENT DISTRICT BOUNDARIES- j3. Community Redevelopment Agency y, :; :j - Board Members Chairman George F. Locke, Ill Vice Chairwoman Nancy Long Brandon Voung Lisa O'Neal Ralph G. Schoenherr Redevelopment District Boundaries The Community Redevelopment District encompasses approximately one-third of the City's land area and runs the entire length of the City, along U.S.1ISouth Ridgewood Avenue, from Beville Road to the South City limits and from the railroad tracks to the Halifax River.

3 CURRENT STATUS OF CRA PLAN o Volusia County delegated authority to South Daytona via Resolution for the creation of the CRA o City of South Daytona Resolution established the CRA o U.Sml corridor public improvements o Community policing & code enforcement o Blight removedlland cleared o UmSI development: International Hair Academy, Halifax Landing Condominium, retail centers, restaurants o Sunshine Park Town Center planning o Ongoing improvements along commercial corridor o Plan updated in 2008

4 Capital Projects an Public Amenities I Private Catalyst Proj Code Enforcement and Community Policing - I

o Riverfront Park Boat Dock Extension project was completed with grant funding from County of Volusia Port Authority, Florida Inland Navigation District (FIND) and Florida Fish and Wildlife

5 o Riverfront Park Boat Dock Extension project was completed with grant funding from County of Volusia Port Authority, Florida Inland Navigation District (FIND) and Florida Fish and Wildlife Conservation Commission (FWC) Florida Boating Improvement Program (FBIP). o US1 Streetscape bidding and pre-construction activities were underway during 2011 with ground breaking occurring in Construction costs are funded by a $4.2 Million USDOTIFDOT stimulus grant. This phase of the streetscape project will be completed in the summer of o Reed Canal Intersection Improvements Planning (FDOT) is in the planning phase. o Halifax River Dredging project was issued the final permit from Army Corps of Engineers during 2011; funding identification underway. Riverfront Park Boat Dock Extension Project US1 Streetscope Undcrway d u e

o New construction During the 4th quarter of 2011 new construction began on the Family Dollar located at 2425 5. Ridgewood Avenue. The store was opened for business on February 15, 2012.

6 o New construction During the 4th quarter of 2011 new construction began on the Family Dollar located at Ridgewood Avenue. The store was opened for business on February 15, The building was designed to meet all CRA design and landscaping guidelines. The former business located on the property was a dilapidated single-story motel. &>, o Private Developer Planning for 260-unit apartment complex -.g: A This project has been reviewed by the development review committee and is expected to break ground during The apartment complex will be a gated community with a pool, clubhouse and other amenities. P 4 *,,. i,-- +&2.>

7 o Code Enforcement Information: Multi-family Rental Properties (ApartmentslCondominium Units) o 928 multi-family rental units are located within the CRA boundaries which accounts for 73% of these types of units in the City of South Daytona Single-family Rental Properties o There are approximately 282 single-family rental units in the CRA which accounts for 35% of the single-family rental units in the entire City of South Daytona (801 total single-family rental units) Code Enforcement Actions o During 2011, there were a total of 2,462 code enforcement issues citywide with 486 (20%) of those taking place in the redevelopment district Permitting, Plan Review and Inspections o Citywide: 1,045 Permit$ Value: $6,931, Permit Fees: $134, o CRA only: 352 Permits; Value: $3,188,741.00; Permit Fees: $40,636.45

8 o Community Policing: Community Policing Staff Levels: o Currently have 1 officer on each patrol shift for a total of 4 patrol officers in the CRA. o 1 full-time and one part-time officer assigned as community crime prevention officers that work out of the police department and the Sunshine Park Mall Community Relations Office which are both located in the CRA. Community Crime Prevention Officer Activities: (note - all listed activities are not funded with Redevelopment Trust Fund dollars but are part of an overall effort to make our CRAlCity safer and provide outreach to our citizens) Annual Fishing Tournament Bicycle Helmet Safety Program Citizens Alert Citizens Patrol Crime-Free Multi-Family Housing Program DEA Drug Take back Program Home Firearm Safety Course Homeowner Association Meetings Kailynne Quartier Memorial Ride Law Enforcement Torch Run Light the Night Halloween Event McGruff the Crime Dog Night Out Against Crime Parks & Recreation Events (5K Race, Family Bicycle Day, Native American Festival) Patrol of Parks and Neighborhoods School Advisory Committee Seniors us. Crime Program Sex Offenders Program South Daytona Elementary PatrolIPresence Santa for Seniors Council on Aging Toys for Kids Christmas at South Daytona Elementary Various Community Events

9 Community Crime Information Calls for service in CRA : Number of Calls for Services Citywide: o ,160 (31 calls per day). o ,922 (82 calls per day) o ,335 (34 calls per day) o ,547 (32 calls per day) o ,340 (86 calls per day) o ,857 (75 calls per day) Crime Levels Citywide: n, Total Arrests in South Daytona: o Aggravated Assault is up from 2010 o Fraud Arrests are down from 2010 o Domestic Violence is down from 2010 o Drug Arrests are up from 2010 o Robbery is same level as 2010 o DUI Arrests are down from 2010 o Shoplifting is down from 2010

11 O Reliable Auto Repair - Fasade Improvement Grant $3,973 a Reliable Auto Repair Before Photo Reliable Auto Repair After Photo o Upper Room Salon & Spa - Fagade Improvement Grant $4,998 o The fagade grant program has been suspended until further notice due to budgetary constraints.

2012 PLANNED ACTIVITIES IN THE CRA US1 Corridor Streetscape project construction began in January 2012 and will be completed during the summer of 2012.

12 2012 PLANNED ACTIVITIES IN THE CRA US1 Corridor Streetscape project construction began in January 2012 and will be completed during the summer of Roadway resurfacing, sidewalks, curbing, driveway removal, bike lane, bus pull-offs, bus stop furniture, landscaping will be completed during the project. The rendering on the right provides a snapshot of the changes occurring in the CRA. Other planned capital projects Ridge Boulevard shared use path project is in the feasibility study phase by the TPO and this project will extend into the CRA and provide greater connectivity for alternative transportation.. v Big Tree Road shared use path project is ranked on the TPO priority list and will extend into the CRA and provide greater connectivity for alternative transportation. South Daytona traffic network project is awaiting a feasibility study by the TPO and will provide traffic monitoring along US1 and will assist with monitoring criminal activities as well. A r Ridgewood Avenue reclaimed water systemb&pansion project is in the capital 1 improvements plan and is awaiting funding opportunities to expand the current reclaimed irrigation system from Beville Road to the south city limits on US1 for businesses and median irrigation.

13 FINANCIAL CONDITION OF CRA AND THE REDEVELOPMENTRUST FUND I Assets - CaJh and lnvertments Accounts ReceivaMe Capital Assets ririunrial wndition or LW dc neaevelopment i rust runa Fiscal Year Ended September 30,2011 I Accounts Payable $42,489 Tntal Liabilitiec* $5,055,066

FINANCIAL CONDITION OF CRA AND THE REDEVELOPMENTRUST FUND Statement of Revenues, Expenses and Changes in Net Assets Fiscal Year Ended Sentember 30.7011 Revenues -.

14 FINANCIAL CONDITION OF CRA AND THE REDEVELOPMENTRUST FUND Statement of Revenues, Expenses and Changes in Net Assets Fiscal Year Ended Sentember Revenues Ad Valorem Taxes Cmts Investment Earnings (no interest earned in 2011) Total Revenues: I Transfer! 1 ";: '>--&PI,s I Change in Net Asset! Total Net Assets - Beginnins: Lotal Net Assets - Ending: - -

15 SUMMARV OF CRA FUNDED OPERATING CAPITAL EXPENSES FOR 2011 AND Capital Projects Fiscal Year 2011 Expenditures I Upper Room Salon & Spa - Fagade Improvement Grant Total: General Fund - Community Policing Total: ~'otal Operating and Capital Expenditure,:

SUMMARV OF CRA FUNDED PROJECT EXPENDITURES FROM 1997-2011 Capital Projects Carmen Avenue Landscape Palmetto Avenue LandscapelSWewaIk US1 Median Lighting US1 Streetscape Project US1

16 SUMMARV OF CRA FUNDED PROJECT EXPENDITURES FROM Capital Projects Carmen Avenue Landscape Palmetto Avenue LandscapelSWewaIk US1 Median Lighting US1 Streetscape Project US1 Sanitary Sewer Project T'raffic Impact Study P-wnt~ to Private 0~~~ ign Purchase and Installation ot t3a 3.,,4. -,..,. e I, " 96,925 City Entrance Median Signs 24,866 rota1 Project Expenditure-

17 ', Uxing Authority /VO~usia county i I ~ity of South Daytona Halifax Hospital Di i ronc In13f Port Authorit tasr Vo~usia ~osquito lnler volusia ECHOlForever - W 11 Millage Rate I Fv 11 Increment Revenues I Total: Note:

REDEVELOPMENT & OPERATING CAPITAL BUDGET - FOR 2011 2012 Community Development I Personal Services Operating

18 REDEVELOPMENT & OPERATING CAPITAL BUDGET - FOR Community Development I Personal Services Operating Expenses Debt Service Business Incentive Programs 1. I Grants to Private Organizations General Fund $1 "i*'~ 4~~ a?rly, &a

19 CRA DISTRICT Final Valuation $200,323,551 For the third consecutive year, the CRA valuation has decreased mirroring valuation trends throughout the county, state, and nation. The amount of decrease below the prior year is $58,184,472 or 22.5%. Moreover, the CRA valuation is now $112,588,165 or 36% below the peak valuation of $312,911,716 obtained in fiscal year In conjunction with decreased valuations, tax increment receipts from participating taxing authorities have also decreased over the past three years from a high of $2,146,978 in FY to $1,099,180 in FV This decrease has limited funding available for redevelopment area programs such as landscape grants, fagade improvement grants, and heightened community policing services. Devaluation of CRA parcels, along with other cit properties, is expected to continue over next few years further redevelopment efforts.

Triple Creek Community Development District

1 Triple Creek Community Development District http://triplecreekcdd.com Adopted Budget for Fiscal Year 2018/2019 Presented by: Rizzetta & Company, Inc. 9428 Camden Field Parkway Riverview, Florida 33578