1. Community Redevelopment Agency CRA Yesterday’s Ideals Tomorrow's Ideas This is Hallandale Beach Today

2. A CRA is a well defined area in which resources are concentrated to facilitate redevelopment and improvement in that area by using secured Tax Increment Financing (TIF) What is a CRA? a.k.a Community Redevelopment Area

3. Lengthy Process involving community input/participation Designation of boundary lines Broward County Commission City Commission Establishment of TIF Trust Fund How was the CRA formed?

4. CRA Goals and Objectives The Community Redevelopment Agency Plan (created in 1996) sets three goals and objectives: Continue to maintain and enhance it’s current projects Implement projects and programs addressing targeted needs Conduct business in accordance with Florida Statutes, City Ordinance, and the CRA Plan.

5. Have We Met Our Goals? Continue to maintain and enhance it’s current projects Yes! Implement projects and programs addressing targeted needs Yes! Conduct business in accordance with Florida Statutes, City Ordinance, and the CRA Plan Yes!

6. History of the CRA In 1985 the City realizing our community needed to be updated, created a community redevelopment plan. The HOT ( Hallandale of Tomorrow) program, created in the early 1990s addressed community and organizational renewal and provided strategies for organizational efficiency and productivity improvements. 5 Million dollars was borrowed for the above improvements. In 1996, the City Commission directed staff to pursue and create a Community Redevelopment Agency to ensure that the City would be able to improve the community in the targeted areas. During this time the city was approximately 90% built out. Giving its limited potential for future growth, the city began to focus its attention on the revitalization and rehabilitation of areas which were in a state of decline or deterioration. These areas have been incorporated within the defined geographic boundaries of what is now the “City of Hallandale Beach Community Redevelopment Area”

7. CRA Boundaries I-95 to NE 14 Ave (East/West) Pembroke Road to County Line Road (North/South) How were the boundaries designated?

8. Community Development District CDD A Community Development District is a location within the CRA area that is designated as a special taxing authority, which allows the district to take out bonds and repay the bonds thru taxing or assements to the owners, either residential or business. Currently there is one CDD location in the city, Forrest City/Gulfstream horse track. This CDD has already leverage 60+ million dollars to help to build the infrastructure within the development. The Forrest City CDD is currently asking the CRA board of Directors and the City to provide Tax increment financing (TIF) funds to help free up some of the bonded capital to pay for additional project requirements, The CDD is requesting 17 to 25 million dollars.

9. Tax Increment Financing (TIF) What is TIF? Tax increment financing (TIF) funds are allocated to a designated project area from an increase in the tax revenue generated by the increased value of the properties located within the project area. Who contributes to TIF? Broward County City General Fund Hospital District Children Services Council The city has never allocated TIF funding to a large private development project.

10. History of Tax Increment Financing 1997: $246,512 1998: $646,086 1999: $886,078 2000: $1,200,989 2001: $1,606,149 2002: $2,186,050 2003: $3,255,890 2004: $4,461,035 2005: $5,827,132 2006: $9,390,974 2007: $9,959,814

11. Where has the money been invested? Land Purchase/Assembly Infrastructure/ Facilities Improvements Facilities upgrades Programs Supporting Cultural, Social, and Educational Programs

12. Land Purchases/Assembly Foster Park expansion Foster Rd & Dixie Expansion of Bluestein Park County Escheated Properties Lots for Affordable Housing Total $1,532,000 $4,200,000 $17,000,000 $800,000 $4,205,934 $27,737,934

13. Infrastructure/facility Capital Improvements Street Maintenance Street and curbing Improvements Drainage Improvements Cemetery Improvements Landscaping Foster Park Improvements Foster Road Incentives Model Block Program Forster Road Lighting O. B. Johnson Park Existing City Pool City Playgrounds High School Stadium Historical Sites Hepburn Center Hallandale Adult Center Athletic Field Upgrades Total $6,745,625

14. Programs Neighborhood Improvement, NIP Business Incentive/Enticement Commercial Code Compliance Storm Shutter Affordable Housing Façade Improvement Emergency Assistance Free Paint Youth Assistance Housing Emergency Sidewalk Repairs Community Sod Replacement Cash for Trash Adopt-A-Street $1,821,501 $337,500 $518,616 $61,860 $3,172,367 $126,394 $30,000 $14,093 $40,000 $50,000 $175,000 $3,500 $2,900 $500 Total: $6.8 Million

15. Supporting Cultural, Social, & Educational Programs Donations Landlord/Tenant Training Business mentoring Weed and Seed Memorial HITS Program FY 07-08 $213,245 $1,000 $5,000 $50,000 $25,000

16. Current CRA Condition and Future Needs New Mission Statement Development of new goals and objectives TIF revenue projections and Budget Master Plan and Land use amendments Projects and Programs review and analysis Housing and transit needs Demographic changes Economic factors Risk financial, judicial and legislative

17. Hallandale Beach - CRA Mission Statement Community redevelopment issues are varied and complex. The City of Hallandale Beach; Community Redevelopment Agency (CRA) Board of Directors, City Commission, and Staff have established and adopted policies and programs providing for the assurance that the citizens within its jurisdiction enjoy a living, working, and business environment that is economically viable, sustainable, and safe; offering a well balanced quality of life. The CRA through the Board and Community, will continue to use the staff expertise to manage: quality housing; neighborhood preservation; and economic redevelopment ensuring for growth and sustainability, which shall be accomplished through the administration of; land use planning, zoning, consumer education, community protection and regulating and enforcing State, County, and City Codes.

18. New Goals and Objectives Establish and maintain community based projects and programs to improve the quality of life within the CRA area Annually evaluate projects and programs to ensure they are consistent with the CRA Plan and mission statement To enhance job creation through business redevelopment and growth Assist with the training and mentoring of future business leaders Provide for a balanced housing community allowing for affordable and workforce homeownership Utilize all planning tools in the CRA area to create a mixed use environment that considers transportation needs Establish adequate open space for parks and recreational uses Continue with the improvements to the infrastructure within the CRA Enhance community safety programs Establish programs that will aid in the development of Leadership in energy and environmental design (LEED) projects

19. 2008: $10,502,568 2009: $10,940,832 2010: $11,390,820 2011: $11,837,973 2012: $12,298,542 2013: $12,772,927 Based on 3 % growth, these projection could be less if new development is not built within the CRA area Future of Tax Increment Financing

20. Budget for FY 08-09 FY08-09 Approximation $10 million $2 million for debt service $8 million $1 million for Business Incentive $7 million $1 million for Affordable Housing $6 million $1 million for CIP Debt Service $5 million $.5 million for Illegal Conversion $4 million $2 million Program/Project Transfers $2.5 million (does not include current programs) With a 3% annual rate of growth, the CRA expects TIF revenues of approximately $210-$286 million over the next 19 years. Depending on growth rate and property values

21. Future Capital and Program Priorities Sustaining Current Programs 7 th Avenue Project Illegal Conversions Loans Business Academy Small business Loan Program Hepburn Center Drainage Drainage, water, sewer and Street Improvement $7.5 million $5 Million $.5 Million $15,000 per year $200,000 per year $250,000 $3 Million

22. Impact of the Master plan and Zoning/Overlay districts Currently the city has embarked on a major challenge to plan the future of our community, we are doing this thru the development of a city wide master plan. This plan has major impact on the CRA, as it will guide the development within the CRA area and thus let the commission, community and staff develop community base planning. It will also cause for Ordinance and land use amendments, such as LAC, RACs, TOC and other land use tools to better define how the CITY and CRA will move forward with CRA base Project and programs. To enhance and expedite redevelopment and reinvestment efforts within the CRA, the City has already created five special zoning districts. To include the Foster Road, Fashion Row, North and South Dixie, and Pembroke Road Overlay Districts, along with 2 PDDs

23. Projects and Program Review Commercial Code Enforcement Program Loan Paybacks Drainage and ROW Improvements Economic Development Programs Capital Improvement Projects Park Improvements and Landscaping Projects Debt Service Property Acquisition Hallandale Beach Neighborhood Improvement Program Special Services, Paint Give away, Youth Programs, Emergency aid Donations Miscellaneous Operating Expenses Unsafe Structures Administrative Costs Residential Neighborhood Improvement Programs, Loan Payback Staffing Police Programs Affordable Housing

24. Housing and Transit needs Lack of Affordable and Workforce housing Development of Transit and Housing Corridors Funding requirements for affordable housing and traffic and transit needs Workshop planned to address Affordable Housing Provide for balanced housing community which must include Affordable Housing

25. What is Affordability in Hallandale Beach Median family income = $35,500 120% of the median = $42,600 Housing affordability = $142,000 With a City contribution of $25,000 Targeted price should be between $167,000 and $175,000 Monthly payments ($167,000) = $1,316/month (Principal + Interest) + Taxes + Insurance = Monthly Payments  $997 + $169 + $150 = $1,316 The median income in Hallandale Beach is $35,500 Assuming family income of $35,500 the housing affordability gap is $54,600 *The last 9 closings averaged $182,00 for SFH and $143,000 for condos.

26. Sustaining an Affordable Housing Trust CRA and Developer Agreements More Grants Loan Repayments Contribution from General Fund Explore Inclusionary Zoning

27. Progress of Program Is the program successful? Not under current terms Applicants closed before the change: 2006 = 27 Applicants closed after the change: 2007 = 9 Total money spent since inception: $ 2,142,096 Total money spent FY 2006-2007$ 396,000 *What is the impact of the 40% payback on appreciated value?

28. Affordable Housing What is the current level of CRA funding? Approx. $900,000 How many participants have been helped? Total:73/NW:36 How many applicants are pending? 7 Closed Sept. 2007 Congrats to Yesenia on her new condo!

29. Demographic Changes Over the last five years the City has seen not only a change in the age of its residents in our community, but we also have seen an increase in the population and year-round residency This has created the need for additional services, service expansion, additional capital projects, and the need to evaluate all projects and programs within the CRA area

30. Risk Legislative – the State and County continue to oppose CRA Districts. Although there have been many bills filed in Tallahassee, no action has been taken to date. However, again this year, there is a Bill that would reduce the numbers of years that a CRA could exist. Judicial – Strand vs. Escambia County, and Bay County vs. Ceder Grove/City of Parker vs. Bay County and others: these judicial actions are challenges to the authority of CRAs. Financial – With the many legislative and referendum tax reduction, the City could see a revenue decrease in our CRA area.

31. Recommendations To adopt staff’s recommended Mission Statement and new Goals and Objectives. Authorize staff to hire additional lobbyists and/or legal counsel, if needed, to protect the future of our CRA. Either per legislative action or in the court of law. Provide feedback and direction on the CRA District.