May 25, 2016 - City of Fort Myers

Transcription

AGENDA
COMMUNITY REDEVELOPMENT AGENCY
BOARD OF COMMISSIONERS
May 25, 2016
9:00 o’clock a.m.
REVISED: 5/24/16 @ 5:22 p.m.
COMMUNITY REDEVELOPMENT AGENCY BOARD OF COMMISSIONERS
Randall P.
Henderson,
Jr.
Teresa
Watkins
Brown
Johnny W.
Streets,
Jr.
Terolyn P.
Watson
Michael
Flanders
Forrest
Banks
Gaile H.
Anthony
OSCAR M. CORBIN, JR. CITY COUNCIL CHAMBERS, 2200 SECOND STREET,
FORT MYERS, FLORIDA
For full agenda Packet Click Here. Larger files may take longer to download.
Please complete a “Request to Speak” form if you plan to address the Community
Redevelopment Agency Board of Commissioners and submit to the recording secretary
prior to the start of the meeting.
CALL TO ORDER
Pledge of Allegiance to the Flag of the United
States of America
Roll Call
1.01
Community Redevelopment Agency
Chairman’s Comments
1.02
Minutes from the April 27, 2016
meeting
1.03
Attorney’s Remarks
2.01
Fiscal Year 2016 financial report for
the Southwest Florida Enterprise
Center
Page 1 of 3
AGENDA
May 25, 2016
9:00 o’clock a.m.
REVISED: 5/24/16 @ 5:22 p.m.
3.01
the Central, Cleveland, Downtown
and MLK redevelopment districts
3.02
the parking fund
3.03
Retroactive salary adjustment for
Michele Hylton-Terry to reflect a 3%
salary increase from the date the
Masters was received to September
30, 2015
3.04
Tax increment rebate request from
Aileron Holdings, LLC for the property
located at 4944 S. Cleveland Avenue
3.05
Review the status of the East Fort
Myers
Revitalization
and
Redevelopment Plan recommendations
and Recommend City Council approve
resetting the base year for the East
Fort Myers Redevelopment Area
3.06
Proposal from Stantec Consulting
Services to assist with implementation
of recommendations from the 2010
Cleveland Avenue Redevelopment Plan
3.07
Updates from Downtown Associations
3.08
Project Updates
Page 2 of 3
AGENDA
May 25, 2016
9:00 o’clock a.m.
REVISED: 5/24/16 @ 5:22 p.m.
If a person decides to appeal any decision made by the Community Redevelopment
Agency Board of Commissioners with respect to any matter considered at such meeting or
hearing, he or she will need a record of the proceedings, and that, for such purpose, he or
she may need to ensure that a verbatim record of the proceedings is made, which record
includes the testimony and evidence upon which the appeal is to be based.
Special Requirements: If you require special aid or services as addressed in the Americans
with Disabilities Act, please contact the City Clerk’s Office at (239) 321-7035 or for the
hearing impaired, TDD telephone number (239) 332-2541.
Page 3 of 3
AGENDA ITEM SUMMARY
MEETING DATE: May 25, 2016
DISTRICT: All
WARD: All
AGENDA ITEM NO. 1.01
Revision Distributed:
SUBJECT: Community Redevelopment Agency Chairman remarks
ADVISORY BOARD RECOMMENDATION: N/A
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides the CRA Chair with the opportunity to
address the Board on any upcoming issues.
BACKGROUND INFORMATION:
The next scheduled meeting of the Community Redevelopment Agency is Wednesday,
June 22, 2016. Deputy Director Leigh Scrabis will facilitate the June meeting as the
Director will be attending a course on walkability and urban design taught by Jeff
Speck at the Harvard Graduate School of Design.
Continued to Next Page
Yes
Person Initiating Request: Chairman Johnny Streets/Don Paight
BOARD
Approved:
Denied:
ACTION
Tabled:
Conflict of Interest:
Item Continued
To:
Voting Log: Brown ____ Streets___ Watson___ Flanders____ Banks___ Anthony___ Henderson___
No
AGENDA ITEM SUMMARY
DISTRICT: All
WARD: All
SUBJECT: Minutes from the April 27, 2016 Community Redevelopment Agency
meeting
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Minutes of the meeting held on April 27, 2016 will
be available for review at the June meeting.
The minutes of the meeting held on April 27, 2016 are still being transcribed and will
be available for approval at the June meeting.
Yes
Person Initiating Request: Don Paight
BOARD
Approved:
Denied:
ACTION
Tabled:
Item Continued To:
No
AGENDA ITEM SUMMARY
DISTRICT: All
WARD: All
SUBJECT: Community Redevelopment Agency Attorney’s Remarks
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides the CRA Attorney with the opportunity to
address the Board on any pending legal issues.
Any updates will be provided at the meeting.
Yes
Person Initiating Request: CRA Attorney
COMMUNITY REDEVELOPMENT AGENCY ACTION
Approved:
Denied:
Tabled:
Item Continued
To:
Voting Log: Brown ____ Streets____ Watson____ Flanders____ Banks___ Anthony___ Henderson___
No
AGENDA ITEM SUMMARY
DISTRICT: MLK
WARD: 2
SUBJECT: Fiscal Year 2016 financial report for the Southwest Florida Enterprise
Center
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides a snapshot of the Enterprise Center’s
revenues and expenditures for the current fiscal year.
The table below shows the year to date revenues and expenditures for the Southwest
Florida Enterprise Center from October 1, 2015 through April 30, 2016.
Revenue
Budgeted
Year to Date
Revenues
Difference
% Received
$432,500.00
$254,515.93
$177,984.07
58%
Budgeted
$432,500.00
Year to Date
Expenses
$223,185.43
Difference
$209,314.57
% Used
52%
Expenses
Yes
Person Initiating Request: Mike Love
COMMUNITY REDEVELOPMENT AGENCY ACTION
Approved:
Denied:
Tabled:
Item Continued
To:
Voting Log: Brown ____ Streets____ Watson____ Flanders____ Banks___ Anthony___ Henderson___
No
glIncomeStatement
Page: 1
Statement of Revenues and Expenditures
5/10/2016 11:36:02AM
City of Fort Myers
10/01/2015
through 04/30/2016
Fund: 134
Department: 0000
Account #
Budget
Actual
Variance
0.00
287.88
-287.88
0.00
287.88
-287.88
0.00
89.86
-89.86
Department: 0000 Total Expenditures:
0.00
89.86
-89.86
Department: 0000 Net Change:
0.00
198.02
-198.02
Revenues:
134-0000-361-1010
Interest and Other Earnings
Department: 0000 Total Revenues:
Expenditures:
134-0000-513-3110
Prof Svcs Investment/Earnings Fees
Page: 1
glIncomeStatement
City of Fort Myers
10/01/2015
Fund: 134
Page: 2
5/10/2016 11:36:02AM
through 04/30/2016
(Continued)
Department: 6293
Account #
Budget
Actual
Variance
0.00
125,600.00
0.00
6,300.00
3,100.00
0.00
0.00
0.00
287,900.00
9,600.00
0.00
81,044.02
0.00
3,660.19
1,579.84
0.00
0.00
0.00
167,944.00
0.00
0.00
44,555.98
0.00
2,639.81
1,520.16
0.00
0.00
0.00
119,956.00
9,600.00
432,500.00
254,228.05
178,271.95
80,200.00
66,600.00
2,300.00
31,800.00
11,700.00
53,500.00
46,200.00
1,200.00
100.00
1,500.00
6,000.00
100.00
2,500.00
1,500.00
0.00
500.00
34,000.00
2,500.00
18,300.00
3,700.00
14,500.00
6,500.00
1,000.00
6,440.00
500.00
14,100.00
19,100.00
1,500.00
894.00
1,300.00
1,466.00
0.00
1,000.00
0.00
45,938.44
37,304.80
1,286.69
7,500.03
6,407.46
29,796.56
17,846.10
700.00
0.00
0.00
1,131.00
66.85
1,220.00
0.00
0.00
0.47
14,124.71
560.05
10,675.00
2,158.31
8,458.31
2,370.22
417.58
4,545.00
163.62
15,088.05
11,141.69
112.92
893.88
667.23
1,465.29
0.00
1,055.31
0.00
34,261.56
29,295.20
1,013.31
24,299.97
5,292.54
23,703.44
28,353.90
500.00
100.00
1,500.00
4,869.00
33.15
1,280.00
1,500.00
0.00
499.53
19,875.29
1,939.95
7,625.00
1,541.69
6,041.69
4,129.78
582.42
1,895.00
336.38
-988.05
7,958.31
1,387.08
0.12
632.77
0.71
0.00
-55.31
0.00
432,500.00
223,095.57
209,404.43
0.00
31,132.48
-31,132.48
Revenues:
134-6293-361-3015
134-6293-362-0030
134-6293-366-0001
134-6293-369-0010
134-6293-369-0100
134-6293-381-0002
134-6293-381-0061
134-6293-381-0151
134-6293-387-0002
134-6293-389-9010
Increase in Fair Value of Investments
Rental Income-SWFLEC
Donations from Private Sources
Miscellaneous Revenue (SWFEC)
Reimbursed Expense (SWFEC)
Trsf from General Fund
Trsf from CDBG
Trsf from MLK #1
Intrafund Trsf from General Fund
Prior Year Surplus
Department: 6293 Total Revenues:
Expenditures:
134-6293-552-1100
134-6293-552-1200
134-6293-552-1205
134-6293-552-1300
134-6293-552-2100
134-6293-552-2200
134-6293-552-2300
134-6293-552-2400
134-6293-552-2500
134-6293-552-3100
134-6293-552-3105
134-6293-552-3200
134-6293-552-3400
134-6293-552-4000
134-6293-552-4100
134-6293-552-4200
134-6293-552-4300
134-6293-552-4400
134-6293-552-4416
134-6293-552-4417
134-6293-552-4500
134-6293-552-4600
134-6293-552-4700
134-6293-552-4800
134-6293-552-4810
134-6293-552-4903
134-6293-552-4940
134-6293-552-5100
134-6293-552-5158
134-6293-552-5200
134-6293-552-5250
134-6293-552-5255
134-6293-552-5400
134-6293-552-6300
Salary - Exec (SWFEC)
Sal/Wage Regular (SWFEC)
Seniority Pay (SWFEC)
Salaries/Wages - Other (SWFEC)
FICA Tax (SWFEC)
Gen Retirement (SWFEC)
Health/Life Ins (SWFEC)
Workers' Comp (SWFEC)
Unemploy Comp (SWFEC)
Prof Svcs (SWFEC)
Legal Professional Services (SWFEC)
Accounting/Auditing (SWFEC)
Contract Svcs (SWFEC)
Travel/Trans (SWFEC)
Communication (SWFEC)
Freight/Postage (SWFEC)
Utilities (SWFEC)
Rentals/Leases (SWFEC)
ITS Svc Charges (SWFEC)
ITS Capital Recovery (SWFEC)
Insurance (SWFEC)
Repairs/Maint (SWFEC)
Printing/Binding (SWFEC)
Advertising (SWFEC)
Public Relations (SWFEC)
Taxes/Assessments (SWFEC)
General Admin Expense (SWFEC)
Office Supplies (SWFEC)
Hardware < $750 (SWFEC)
Operating Supplies (SWFEC)
Small Tools/Equip (SWFEC)
Assets $750-$5,000 (SWFEC)
Dues/Subscriptions (SWFEC)
Improvements (SWFEC)
Page: 2
glIncomeStatement
City of Fort Myers
10/01/2015
Fund: 134
Page: 3
5/10/2016 11:36:02AM
through 04/30/2016
(Continued)
Department: 9998
Account #
Budget
Actual
Variance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Fund: 134 Total Revenues:
432,500.00
254,515.93
177,984.07
Fund: 134 Total Expenditures:
432,500.00
223,185.43
209,314.57
Fund: 134 Net Change:
0.00
31,330.50
-31,330.50
Grand Total Revenues:
432,500.00
254,515.93
177,984.07
Grand Total Expenditures:
432,500.00
223,185.43
209,314.57
Total Net Change:
0.00
31,330.50
-31,330.50
Expenditures:
134-9998-552-9998
SWFEC Reserves
Page: 3
AGENDA ITEM SUMMARY
DISTRICT: All
WARD: All
SUBJECT: Fiscal Year 2016 financial report for each of the redevelopment districts.
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides a snapshot of each redevelopment district’s
expenditures.
A summary of each district’s expenditures for the period from October 1, 2015 to April
30, 2016 is shown below.
District
Central
Cleveland
Downtown
MLK
Expenditures +
Encumbrances
Amended
Budget
Remaining
Balance 1
27, 864.00
20,555.06
7,308.94
708,095.00
198,510.70
509,584.30
3,535,656.00
2,943,177.64
592,478.36
713,523.00
672,769.84
40,753.16
Notes
$200,000 of Remaining
Balance is designated for
capital projects
1
Please note the Remaining Balance shown includes amounts which may already be committed
for existing programs and expenses, but which not yet been encumbered or spent.
Person Initiating Request:
Yes
Leigh Scrabis
BOARD ACTION
Approved:
Denied:
Tabled:
Item Continued
To:
No
Central Fort Myers Redevelopment District
Expenditure Report
expstat.rpt
05/09/2016
4:18PM
Periods: 0 through 7
133
Central Fort Myers Redevelopment TIF
0000
Non-Departmental
Account Number
0000-3000
Expenditure Status Report
Page:
1
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
0.00
19.42
19.42
0.00
-19.42
0.00
0.00
19.42
19.42
0.00
-19.42
0.00
Operating Expenses - Services
0000-513-3110 Prof Svcs Investment/Earnings Fees
Total Non-Departmental
Page:
1
expstat.rpt
05/09/2016
4:18PM
133
6305
Central Fort Myers Redevelopment Area
Account Number
6305-1000
Page:
2
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
55.52
Personnel Services
6305-559-1100 Salary - Exec (CEN DRA TIF)
5,600.00
3,109.20
3,109.20
0.00
2,490.80
6305-559-1200 Sal/Wage Regular (CEN DRA TIF)
0.00
0.00
0.00
0.00
0.00
0.00
6305-559-1202 Vehicle Allowance (CEN DRA TIF)
200.00
93.75
93.75
0.00
106.25
46.88
6305-559-1205 Officer Seniority Pay (CEN DRA TIF)
Total Personnel Services
6305-2000
6305-559-2200 Gen Retirement (CEN DRA TIF)
6305-559-2300 Health/Life Ins (CEN DRA TIF)
Total Personnel Services - Benefits
191.40
0.00
8.60
95.70
3,394.35
0.00
2,605.65
56.57
400.00
254.62
254.62
0.00
145.38
63.66
0.00
0.00
0.00
0.00
0.00
0.00
900.00
-510.40
-510.40
0.00
1,410.40
56.71
1,300.00
-255.78
-255.78
0.00
1,555.78
0.00
17,164.00
9,685.62
9,685.62
7,478.14
0.24
100.00
0.00
0.00
0.00
0.00
0.00
0.00
17,164.00
9,685.62
9,685.62
7,478.14
0.24
100.00
6305-559-3100 Prof Svcs (CEN DRA TIF)
6305-559-3200 Accounting/Auditing (CEN DRA TIF)
Total Operating Expenses - Services
6305-4000
191.40
3,394.35
Personnel Services - Benefits
6305-559-2100 FICA Tax (CEN DRA TIF)
6305-3000
200.00
6,000.00
Travel and Other Services
6305-559-4000 Travel/Trans (CEN DRA TIF)
0.00
0.00
0.00
0.00
0.00
0.00
6305-559-4416 ITS Svc Charges (CEN DRA TIF)
0.00
0.00
0.00
0.00
0.00
0.00
6305-559-4417 ITS Capital Recovery (CEN DRA TIF)
0.00
0.00
0.00
0.00
0.00
0.00
6305-559-4700 Printing/Binding (CEN DRA TIF)
1,000.00
0.00
0.00
0.00
1,000.00
0.00
6305-559-4800 Advertising (CEN DRA TIF)
1,000.00
0.00
0.00
0.00
1,000.00
0.00
6305-559-4810 Public Relations (CEN DRA TIF)
1,000.00
0.00
0.00
0.00
1,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
400.00
233.31
233.31
0.00
166.69
58.33
3,400.00
233.31
233.31
0.00
3,166.69
6.86
6305-559-4906 Other Subsidies and Assistance (CEN DRA)
6305-559-4940 General Admin Expense (CEN DRA TIF)
Total Travel and Other Services
6305-9000
Other Uses
Page:
2
expstat.rpt
05/09/2016
4:18PM
133
6305
Central Fort Myers Redevelopment Area
Account Number
6305-581-9002 Trsf to General Fund (CEN DRA TIF)
Total Other Uses
Total Central Fort Myers Redevelopment Area
Page:
3
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
27,864.00
13,057.50
13,057.50
7,478.14
7,328.36
73.70
Page:
Prct
Used
3
expstat.rpt
05/09/2016
4:18PM
133
9998
Reserves
Account Number
9998-9000
Page:
4
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
27,864.00
13,076.92
13,076.92
7,478.14
7,308.94
73.77
27,864.00
13,076.92
13,076.92
7,478.14
7,308.94
73.77
Other Uses
9998-559-9998 Central Ft Myers Redevelopment Reserves
Total Reserves
Total Central Fort Myers Redevelopment TIF
Grand Total
Page:
4
Cleveland Redevelopment Districts I-IV
Expenditure Report
expstat.rpt
05/09/2016
4:11PM
141
Cleveland Ave #1 Redevelopment TIF
0000
Non-Departmental
Account Number
0000-3000
Page:
1
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
0.00
993.63
993.63
0.00
-993.63
0.00
0.00
993.63
993.63
0.00
-993.63
0.00
Page:
1
expstat.rpt
05/09/2016
4:11PM
141
5141
Cleveland Ave Redevelopment District #1
Account Number
5141-1000
Page:
2
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
Personnel Services
5141-559-1100 Salary - Exec (CAD TIF)
5,600.00
3,109.12
3,109.12
0.00
2,490.88
55.52
5141-559-1200 Sal/Wage Regular (CAD TIF)
60,900.00
33,893.38
33,893.38
0.00
27,006.62
55.65
5141-559-1202 Vehicle Allowance (CAD TIF)
200.00
93.75
93.75
0.00
106.25
46.88
1,300.00
1,349.89
1,349.89
0.00
-49.89
103.84
5141-559-1205 Seniority Pay (CAD TIF)
5141-559-1400 Sal/Wage Overtime (CAD TIF)
5141-2000
1,000.00
0.00
0.00
0.00
1,000.00
0.00
69,000.00
38,446.14
38,446.14
0.00
30,553.86
55.72
5141-559-2100 FICA Tax (CAD TIF)
4,700.00
2,619.65
2,619.65
0.00
2,080.35
55.74
5141-559-2200 Gen Retirement (CAD TIF)
22,900.00
12,540.54
12,540.54
0.00
10,359.46
54.76
5141-559-2300 Health/Life Ins (CAD TIF)
18,700.00
9,310.78
9,310.78
0.00
9,389.22
49.79
5141-559-2500 Unemploy Comp (CAD TIF)
0.00
0.00
0.00
0.00
0.00
0.00
46,300.00
24,470.97
24,470.97
0.00
21,829.03
52.85
81,699.00
15,911.87
15,911.87
37,486.73
28,300.40
65.36
4,000.00
2,106.00
2,106.00
1,894.00
0.00
100.00
50.00
5141-3000
5141-559-3100 Prof Svcs (CAD TIF)
5141-559-3105 Legal Professional Services (CAD TIF)
5141-559-3200 Accounting/Auditing (CAD TIF)
5141-559-3400 Contract Svcs (CAD TIF)
5141-4000
100.00
33.42
33.42
16.58
50.00
3,500.00
862.50
862.50
1,137.50
1,500.00
57.14
89,299.00
18,913.79
18,913.79
40,534.81
29,850.40
66.57
5141-559-4000 Travel/Trans (CAD TIF)
3,200.00
783.19
783.19
0.00
2,416.81
24.47
5141-559-4100 Communication (CAD TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5141-559-4200 Freight/Postage (CAD TIF)
500.00
0.00
0.00
0.00
500.00
0.00
2,500.00
1,304.53
1,304.53
0.00
1,195.47
52.18
5141-559-4300 Utilities (CAD TIF)
5141-559-4400 Rentals/Leases (CAD TIF)
31,800.00
21,084.68
21,084.68
10,838.76
-123.44
100.39
5141-559-4416 ITS Svc Charges (CAD TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5141-559-4417 ITS Capital Recovery (CAD TIF)
0.00
0.00
0.00
0.00
0.00
0.00
6,400.00
3,135.00
3,135.00
2,255.00
1,010.00
84.22
5141-559-4600 Repairs/Maint (CAD TIF)
Page:
2
expstat.rpt
05/09/2016
4:11PM
141
5141
Cleveland Ave Redevelopment District #1
Account Number
Page:
3
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
5141-559-4700 Printing/Binding (CAD TIF)
500.00
0.00
0.00
0.00
500.00
0.00
5141-559-4800 Advertising (CAD TIF)
900.00
29.09
29.09
0.00
870.91
3.23
5141-559-4813 Public Relations (CAD TIF)
400.00
0.00
0.00
0.00
400.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
22,000.00
17,323.95
17,323.95
0.00
4,676.05
78.75
5141-559-4900 Other Current Chgs (CAD TIF)
5141-559-4904 Tax Increment Rebates (CAD TIF)
5141-559-4906 Other Subsidies and Assistance (CAD TIF)
5141-559-4940 General Admin Expense (CAD TIF)
5141-5000
200,000.00
0.00
0.00
0.00
200,000.00
0.00
16,300.00
9,508.31
9,508.31
0.00
6,791.69
58.33
284,500.00
53,168.75
53,168.75
13,093.76
218,237.49
23.29
Operating Expenses - Supplies
5141-559-5100 Office Supplies (CAD TIF)
1,500.00
53.46
53.46
0.00
1,446.54
3.56
5141-559-5200 Operating Supplies (CAD TIF)
5,000.00
412.11
412.11
4,552.40
35.49
99.29
5141-559-5299 Software = $750 < $5,000 (CAD TIF)
5141-559-5400 Dues/Subscriptions (CAD TIF)
Total Operating Expenses - Supplies
5141-7000
0.00
0.00
0.00
0.00
0.00
0.00
6,600.00
3,870.88
3,870.88
0.00
2,729.12
58.65
13,100.00
4,336.45
4,336.45
4,552.40
4,211.15
67.85
0.00
Debt Service
5141-559-7188 Principal Expense Advances (CAD TIF)
0.00
0.00
0.00
0.00
0.00
5141-559-7288 Interest Expense Advances (CAD TIF)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Debt Service
5141-9000
Other Uses
5141-581-9002 Trsf to General Fund (CAD TIF)
0.00
0.00
0.00
0.00
0.00
0.00
200,000.00
0.00
0.00
0.00
200,000.00
0.00
5141-581-9344 Trsf to FMCC CIB (CAD TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5141-590-9130 Advance to DRA (CAD TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5141-590-9136 Advance to Dunbar/Michigan (CAD TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5141-590-9137 Advance to East Fort Myers (CAD TIF)
0.00
0.00
0.00
0.00
0.00
0.00
Total Other Uses
200,000.00
0.00
0.00
0.00
200,000.00
0.00
Total Cleveland Ave Redevelopment District #1
702,199.00
139,336.10
139,336.10
58,180.97
504,681.93
28.13
5141-581-9318 Trsf to DRA CIB (CAD TIF)
Page:
3
expstat.rpt
05/09/2016
4:11PM
141
9998
Reserves
Page:
4
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
5,896.00
0.00
0.00
0.00
5,896.00
0.00
5,896.00
0.00
0.00
0.00
5,896.00
0.00
Total Cleveland Ave #1 Redevelopment TIF
708,095.00
140,329.73
140,329.73
58,180.97
509,584.30
28.03
Grand Total
708,095.00
140,329.73
140,329.73
58,180.97
509,584.30
28.03
Account Number
9998-9000
Prct
Used
Other Uses
9998-559-9998 Cleveland Avenue TIF Reserves
Total Reserves
Page:
4
Downtown Redevelopment District
Expenditure Report
expstat.rpt
05/09/2016
4:10PM
130
Downtown Redevelopment Area
0000
Non-Departmental
Account Number
0000-3000
Page:
1
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
0.00
777.99
777.99
0.00
-777.99
0.00
0.00
777.99
777.99
0.00
-777.99
0.00
Page:
1
expstat.rpt
05/09/2016
4:10PM
130
6301
Downtown Redevelopment Agency
Account Number
6301-1000
Page:
2
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
Personnel Services
6301-552-1100 Salary - Exec (DRA)
94,900.00
52,856.19
52,856.19
0.00
42,043.81
55.70
6301-552-1200 Sal/Wage Regular (DRA)
223,600.00
103,207.08
103,207.08
0.00
120,392.92
46.16
6301-552-1202 Vehicle Allowance (DRA)
3,100.00
1,593.75
1,593.75
0.00
1,506.25
51.41
6301-552-1205 Seniority Pay (DRA)
5,900.00
6,177.15
6,177.15
0.00
-277.15
104.70
6301-552-1300 Salaries/Wages - Other (DRA)
6301-552-1400 Sal/Wage Overtime (DRA)
6301-2000
0.00
0.00
0.00
0.00
0.00
0.00
2,600.00
1,384.96
1,384.96
0.00
1,215.04
53.27
330,100.00
165,219.13
165,219.13
0.00
164,880.87
50.05
6301-552-2100 FICA Tax (DRA)
31,200.00
12,021.64
12,021.64
0.00
19,178.36
38.53
6301-552-2200 Gen Retirement (DRA)
68,300.00
36,219.25
36,219.25
0.00
32,080.75
53.03
6301-552-2300 Health/Life Ins (DRA)
73,300.00
16,544.60
16,544.60
0.00
56,755.40
22.57
6301-552-2400 Workers' Comp (DRA)
1,200.00
700.00
700.00
0.00
500.00
58.33
100.00
0.00
0.00
0.00
100.00
0.00
174,100.00
65,485.49
65,485.49
0.00
108,614.51
37.61
114,944.00
46,785.90
46,785.90
42,168.73
25,989.37
77.39
51,278.00
23,127.48
23,127.48
24,612.77
3,537.75
93.10
300.00
200.54
200.54
99.46
0.00
100.00
6301-552-2500 Unemploy Comp (DRA)
6301-3000
6301-552-3100 Prof Svcs (DRA)
6301-552-3105 Legal Professional Services (DRA)
6301-552-3200 Accounting/Auditing (DRA)
6301-552-3400 Contract Svcs (DRA)
6301-4000
78,100.00
32,688.66
32,688.66
28,581.34
16,830.00
78.45
244,622.00
102,802.58
102,802.58
95,462.30
46,357.12
81.05
11.27
6301-552-4000 Travel/Trans (DRA)
1,500.00
169.00
169.00
0.00
1,331.00
6301-552-4100 Communication (DRA)
500.00
0.00
0.00
0.00
500.00
0.00
6301-552-4200 Freight/Postage (DRA)
1,500.00
585.46
585.46
386.46
528.08
64.79
6301-552-4300 Utilities (DRA)
6301-552-4400 Rentals/Leases (DRA)
6301-552-4416 ITS Svc Charges (DRA)
74,900.00
40,090.22
40,090.22
0.00
34,809.78
53.52
127,800.00
84,989.83
84,989.83
42,864.80
-54.63
100.04
42,600.00
24,850.00
24,850.00
0.00
17,750.00
58.33
Page:
2
expstat.rpt
05/09/2016
4:10PM
130
6301
Account Number
6301-552-4417 ITS Capital Recovery (DRA)
Page:
3
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
6,300.00
3,675.00
3,675.00
0.00
2,625.00
58.33
6301-552-4500 Insurance (DRA)
23,200.00
13,533.31
13,533.31
0.00
9,666.69
58.33
6301-552-4600 Repairs/Maint (DRA)
77,976.00
24,715.67
24,715.67
18,532.66
34,727.67
55.46
6301-552-4700 Printing/Binding (DRA)
10,715.00
2,422.33
2,422.33
2,357.33
5,935.34
44.61
6301-552-4800 Advertising (DRA)
24,607.00
13,921.85
13,921.85
4,184.50
6,500.65
73.58
6301-552-4810 Public Relations (DRA)
36,138.00
29,278.98
29,278.98
0.00
6,859.02
81.02
336,500.00
331,500.00
331,500.00
0.00
5,000.00
98.51
1,600.00
0.00
0.00
0.00
1,600.00
0.00
6301-552-4904 Tax Increment Rebates (DRA)
647,778.00
647,343.57
647,343.57
0.00
434.43
99.93
6301-552-4906 Other Subsidies and Assistance (DRA)
282,000.00
243,500.00
243,500.00
38,500.00
0.00
100.00
6301-552-4940 General Admin Expense (DRA)
115,100.00
67,141.69
67,141.69
0.00
47,958.31
58.33
1,810,714.00
1,527,716.91
1,527,716.91
106,825.75
176,171.34
90.27
900.00
432.74
432.74
0.00
467.26
48.08
0.00
0.00
0.00
0.00
0.00
0.00
325.00
311.00
311.00
0.00
14.00
95.69
6301-552-4813 Public Relations Special Events (DRA)
6301-552-4900 Other Current Chgs (DRA)
6301-5000
6301-552-5100 Office Supplies (DRA)
6301-552-5158 Hardware < $750 (DRA)
6301-552-5159 Software < $750 (DRA)
6301-552-5200 Operating Supplies (DRA)
8,808.00
2,833.05
2,833.05
3,051.60
2,923.35
66.81
6301-552-5250 Small Tools/Equip (DRA)
0.00
0.00
0.00
0.00
0.00
0.00
6301-552-5255 Assets $750-$5,000 (DRA)
0.00
0.00
0.00
0.00
0.00
0.00
6301-552-5298 Hardware = $750 < $5,000 (DRA)
0.00
0.00
0.00
0.00
0.00
0.00
6301-552-5299 Software = $750 < $5,000 (DRA)
0.00
0.00
0.00
0.00
0.00
0.00
1,375.00
90.00
90.00
0.00
1,285.00
6.55
0.00
0.00
0.00
0.00
0.00
0.00
11,408.00
3,666.79
3,666.79
3,051.60
4,689.61
58.89
6301-552-5400 Dues/Subscriptions (DRA)
6301-552-5401 Tuition Reimburse (DRA)
6301-6000
Capital Outlay
6301-552-6304 Sidewalks (DRA)
0.00
0.00
0.00
0.00
0.00
0.00
6301-552-6400 Equipment (DRA)
16,076.00
16,075.31
16,075.31
0.00
0.69
100.00
16,076.00
16,075.31
16,075.31
0.00
0.69
100.00
Total Capital Outlay
6301-7000
Debt Service
Page:
3
expstat.rpt
05/09/2016
4:10PM
130
6301
Account Number
6301-552-7188 Principal Expense Advances (DRA)
Total Debt Service
6301-9000
Page:
4
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
50,000.00
0.00
0.00
0.00
50,000.00
0.00
50,000.00
0.00
0.00
0.00
50,000.00
0.00
Other Uses
6301-581-9002 Trsf to General Fund (DRA)
6301-581-9116 Trsf to Para-Transit Fund (DRA)
6301-581-9310 Trsf to General CIB (DRA)
6301-581-9318 Trsf to DRA CIB (DRA)
6301-581-9349 Trsf to Transportation CIB
6301-587-9131 Intrafund Trsf to DRA Debt Svc (DRA)
Total Other Uses
Total Downtown Redevelopment Agency
0.00
0.00
0.00
0.00
0.00
0.00
63,600.00
37,100.00
37,100.00
0.00
26,500.00
58.33
100,000.00
100,000.00
100,000.00
0.00
0.00
100.00
0.00
0.00
0.00
0.00
0.00
0.00
96,350.00
81,593.79
81,593.79
0.00
14,756.21
84.68
637,400.00
637,400.00
637,400.00
0.00
0.00
100.00
897,350.00
856,093.79
856,093.79
0.00
41,256.21
95.40
3,534,370.00
2,737,060.00
2,737,060.00
205,339.65
591,970.35
83.25
Page:
4
expstat.rpt
05/09/2016
4:10PM
130
9998
Reserves
Account Number
9998-9000
Page:
5
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
1,286.00
0.00
0.00
0.00
1,286.00
0.00
1,286.00
0.00
0.00
0.00
1,286.00
0.00
3,535,656.00
2,737,837.99
2,737,837.99
205,339.65
592,478.36
83.24
3,535,656.00
2,737,837.99
2,737,837.99
205,339.65
592,478.36
83.24
Other Uses
9998-552-9998 DRA Fund Reserves
Total Reserves
Total Downtown Redevelopment Area
Grand Total
Page:
5
MLK Redevelopment Districts I-IV
Expenditure Report
expstat.rpt
05/09/2016
4:12PM
151
MLK Blvd #1 Redevelopment TIF
0000
Non-Departmental
Account Number
0000-3000
Page:
1
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
0.00
150.57
150.57
0.00
-150.57
0.00
0.00
150.57
150.57
0.00
-150.57
0.00
Page:
1
expstat.rpt
05/09/2016
4:12PM
151
5161
MLK Blvd Redevelopment District #1
Account Number
5161-1000
Page:
2
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
Personnel Services
5161-559-1100 Salary - Exec (MLK TIF)
5,600.00
3,109.20
3,109.20
0.00
2,490.80
55.52
5161-559-1200 Sal/Wage Regular (MLK TIF)
35,100.00
20,116.93
20,116.93
0.00
14,983.07
57.31
5161-559-1202 Vehicle Allowance (MLK TIF)
200.00
93.75
93.75
0.00
106.25
46.88
5161-559-1205 Seniority Pay (MLK TIF)
800.00
854.24
854.24
0.00
-54.24
106.78
5161-559-1400 Sal/Wage Overtime (MLK TIF)
5161-2000
0.00
0.00
0.00
0.00
0.00
0.00
41,700.00
24,174.12
24,174.12
0.00
17,525.88
57.97
5161-559-2100 FICA Tax (MLK TIF)
3,200.00
1,779.04
1,779.04
0.00
1,420.96
55.60
12,500.00
7,211.92
7,211.92
0.00
5,288.08
57.70
6,600.00
2,705.33
2,705.33
0.00
3,894.67
40.99
5161-559-2500 Unemploy Comp (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
22,300.00
11,696.29
11,696.29
0.00
10,603.71
52.45
5161-559-2200 Gen Retirement (MLK TIF)
5161-559-2300 Health/Life Ins (MLK TIF)
5161-3000
5161-559-3100 Prof Svcs (MLK TIF)
5161-559-3104 Prof Svcs McCollum Hall (MLK TIF)
5161-559-3105 Legal Professional Services (MLK TIF)
5161-559-3200 Accounting/Auditing (MLK TIF)
5161-559-3400 Contract Svcs (MLK TIF)
5161-4000
1,000.00
0.00
0.00
0.00
1,000.00
0.00
10,936.00
2,659.40
2,659.40
8,276.60
0.00
100.00
2,500.00
1,442.65
1,442.65
76.50
980.85
60.77
100.00
33.42
33.42
16.58
50.00
50.00
1,000.00
0.00
0.00
0.00
1,000.00
0.00
15,536.00
4,135.47
4,135.47
8,369.68
3,030.85
80.49
62.35
5161-559-4000 Travel/Trans (MLK TIF)
900.00
561.19
561.19
0.00
338.81
5161-559-4100 Communication (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-559-4200 Freight/Postage (MLK TIF)
200.00
148.13
148.13
0.00
51.87
74.07
5161-559-4300 Utilities (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-559-4416 ITS Svc Charges (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-559-4417 ITS Capital Recovery (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
10,300.00
7,750.00
7,750.00
0.00
2,550.00
75.24
5161-559-4600 Repairs/Maint (MLK TIF)
Page:
2
expstat.rpt
05/09/2016
4:12PM
151
5161
Account Number
5161-559-4603 Repairs/Maint McCollum Hall (MLK TIF)
Page:
3
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
100.00
588,974.00
9,628.00
9,628.00
579,346.00
0.00
5161-559-4700 Printing/Binding (MLK TIF)
300.00
12.40
12.40
0.00
287.60
4.13
5161-559-4800 Advertising (MLK TIF)
500.00
60.16
60.16
0.00
439.84
12.03
5161-559-4810 Public Relations (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-559-4813 Public Relations (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-559-4900 Other Current Chgs (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-559-4903 Taxes/Assessments (MLK TIF)
1,500.00
486.60
486.60
0.00
1,013.40
32.44
20,000.00
10,000.00
10,000.00
10,000.00
0.00
100.00
8,000.00
4,666.69
4,666.69
0.00
3,333.31
58.33
630,674.00
33,313.17
33,313.17
589,346.00
8,014.83
98.73
5161-559-4906 Other Subsidies and Assistance (MLK TIF)
5161-559-4940 General Admin Expense (MLK TIF)
5161-5000
5161-559-5100 Office Supplies (MLK TIF)
300.00
124.54
124.54
0.00
175.46
41.51
5161-559-5158 Hardware < $750 (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-559-5159 Software < $750 (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-559-5200 Operating Supplies (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-559-5250 Small Tools/Equip (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
3,013.00
1,460.00
1,460.00
0.00
1,553.00
48.46
3,313.00
1,584.54
1,584.54
0.00
1,728.46
47.83
0.00
5161-559-5400 Dues/Subscriptions (MLK TIF)
5161-6000
Capital Outlay
5161-559-6100 Land (MLK TIF)
0.00
0.00
0.00
0.00
0.00
5161-559-6300 Improvements (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
5161-7000
Debt Service
5161-559-7101 Principal Expense McCollum Hall(MLK TIF)
0.00
0.00
0.00
0.00
0.00
5161-559-7201 Interest Expense McCollum Hall (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Debt Service
5161-9000
Other Uses
Page:
3
expstat.rpt
05/09/2016
4:12PM
151
5161
Account Number
Page:
4
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
5161-581-9002 Trsf to General Fund (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-581-9134 Trsf to SWFLEC (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-581-9310 Trsf to General CIB (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-581-9406 Trsf to Imaginarium Ops (MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
5161-590-9136 Adv to Dunbar/Michigan TIF Area(MLK TIF)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
713,523.00
74,903.59
74,903.59
597,715.68
40,903.73
94.27
Total Other Uses
Total MLK Blvd Redevelopment District #1
Page:
4
expstat.rpt
05/09/2016
4:12PM
151
9998
Reserves
Account Number
9998-9000
Page:
5
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
713,523.00
75,054.16
75,054.16
597,715.68
40,753.16
94.29
713,523.00
75,054.16
75,054.16
597,715.68
40,753.16
94.29
Other Uses
9998-559-9998 MLK Blvd TIF Reserves
Total Reserves
Total MLK Blvd #1 Redevelopment TIF
Grand Total
Page:
5
AGENDA ITEM SUMMARY
DISTRICT: DT
WARD: 4
SUBJECT: Fiscal Year 2016 financial report for the Parking Fund.
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides a snapshot of the Parking Fund’s
revenues and operating expenses.
BACKGROUND INFORMATION: The table below shows the year to date revenues
and expenditures for the Parking Fund from October 1, 2015 through April 30,
2016. Denison Parking General Manager, Evan Pryor, noted a decrease in monthly
revenue between March and April 2016 which he attributes to the end of season. He
did note an 11% increase year over year for the month of April, which hopefully is
indicative of a busier off-season. Mr. Pryor also noted that the Parking Ambassadors
are doing their best to find the balance between enforcement and education while out
on the street performing their duties. Denison employees have been receiving extra
customer service training and direction on when it is appropriate to engage in
conversation with an upset citizen since some citizens prefer to respond with anger
rather than be educated.
Revenue
Budgeted
1,232,909
Year to Date
Revenues
770,872.86
Difference
462,036.14
% Received
62.52%
Budgeted
Year to Date
Expenses &
Encumbrances
Difference
% Used
421,107.02
65.84%
Expenses
1,232,909
811,801.98
Note: The Parking Fund is an enterprise fund that falls under the domain of the City. Due to the
relationship between parking and redevelopment, daily management of the parking operations
is overseen by the Community Redevelopment Agency and the City’s consultant, Standard
Parking.
Yes
Leigh Scrabis
BOARD ACTION
Approved:
Denied:
Tabled:
Item Continued To:
No
Parking Fund
Revenue Report
(Note: This is an enterprise fund belonging to the City.)
revstat.rpt
05/09/2016
5:13PM
403
Downtown Parking Garages Operations
0000
Non-Departmental
Revenue Status Report
Page:
1
City of Fort Myers
10/1/2015
4/30/2016
through
Adjusted
Estimate
Revenues
Year-to-date
Revenues
Balance
Prct
Rcvd
20,229.00
44,029.00
44,029.00
-23,800.00
217.65
20,229.00
44,029.00
44,029.00
-23,800.00
217.65
0000-361-1010 Interest and Other Earnings
300.00
2,209.04
2,209.04
-1,909.04
736.35
Total *** Title Not Found ***
300.00
2,209.04
2,209.04
-1,909.04
736.35
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
187,380.00
0.00
0.00
187,380.00
0.00
Account Number
0000-0000
*** Title Not Found ***
0000-369-0011 Special Events Revenue
0000-1000
0000-3000
0000-7000
0000-9000
Program Income
0000-389-9010 Prior Year Surplus
Page:
1
revstat.rpt
05/09/2016
5:13PM
403
0000
Non-Departmental
Page:
2
City of Fort Myers
10/1/2015
4/30/2016
through
Adjusted
Estimate
Revenues
Year-to-date
Revenues
Balance
Prct
Rcvd
Total Program Income
187,380.00
0.00
0.00
187,380.00
0.00
207,909.00
46,238.04
46,238.04
161,670.96
22.24
Account Number
Page:
2
revstat.rpt
05/09/2016
5:13PM
403
4030
Parking Garage - Main Street
Page:
3
City of Fort Myers
10/1/2015
4/30/2016
through
Adjusted
Estimate
Revenues
Year-to-date
Revenues
Balance
Prct
Rcvd
0.00
0.00
0.00
0.00
0.00
320,000.00
254,183.86
254,183.86
65,816.14
79.43
Total Strategy A Revenue Loan
320,000.00
254,183.86
254,183.86
65,816.14
79.43
Total Parking Garage - Main Street
320,000.00
254,183.86
254,183.86
65,816.14
79.43
Account Number
4030-0000
4030-5000
Strategy A Revenue Loan
4030-344-5010 Parking Garage Fees (MAIN PG)
Page:
3
revstat.rpt
05/09/2016
5:13PM
403
4031
Parking Garage - City of Palms
Page:
4
City of Fort Myers
10/1/2015
4/30/2016
through
Adjusted
Estimate
Revenues
Year-to-date
Revenues
Balance
Prct
Rcvd
0.00
0.00
0.00
0.00
0.00
50,000.00
29,014.37
29,014.37
20,985.63
58.03
50,000.00
29,014.37
29,014.37
20,985.63
58.03
430,000.00
295,098.43
295,098.43
134,901.57
68.63
430,000.00
295,098.43
295,098.43
134,901.57
68.63
Total Parking Garage - City of Palms
480,000.00
324,112.80
324,112.80
155,887.20
67.52
Account Number
4031-0000
4031-1000
4031-362-1010 Rental Income-City of Palms Parking Gar
4031-5000
4031-344-5010 Parking Garage Fees (COP PG)
Page:
4
revstat.rpt
05/09/2016
5:13PM
403
4032
Parking Garage Administration
Page:
5
City of Fort Myers
10/1/2015
4/30/2016
through
Adjusted
Estimate
Revenues
Year-to-date
Revenues
Balance
Prct
Rcvd
185,000.00
121,155.77
121,155.77
63,844.23
65.49
185,000.00
121,155.77
121,155.77
63,844.23
65.49
4032-344-5000 Parking Meter Permits
40,000.00
25,182.39
25,182.39
14,817.61
62.96
40,000.00
25,182.39
25,182.39
14,817.61
62.96
225,000.00
146,338.16
146,338.16
78,661.84
65.04
Account Number
4032-0000
4032-354-0010 Parking Meter Fines
4032-5000
Total Parking Garage Administration
Page:
5
revstat.rpt
05/09/2016
5:13PM
403
9998
Reserves
Page:
6
City of Fort Myers
10/1/2015
4/30/2016
through
Adjusted
Estimate
Revenues
Year-to-date
Revenues
Balance
Prct
Rcvd
Total Program Income
0.00
0.00
0.00
0.00
0.00
Total Reserves
0.00
0.00
0.00
0.00
0.00
1,232,909.00
770,872.86
770,872.86
462,036.14
62.52
1,232,909.00
770,872.86
770,872.86
462,036.14
62.52
Account Number
9998-9000
Program Income
Total Downtown Parking Garages Operations
Grand Total
Page:
6
Parking Fund
Expenditure Report
(Note: This is an enterprise fund belonging to the City.)
expstat.rpt
05/09/2016
4:17PM
403
0000
Non-Departmental
Account Number
0000-3000
Page:
1
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
0.00
568.79
568.79
0.00
-568.79
0.00
0.00
568.79
568.79
0.00
-568.79
0.00
Page:
1
expstat.rpt
05/09/2016
4:17PM
403
4030
Parking Garage - Main Street
Account Number
4030-3000
4030-545-3400 Contract Svcs (MAIN PG)
2
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
75.99
7,500.00
5,699.03
5,699.03
0.00
1,800.97
215,000.00
79,785.00
79,785.00
111,699.00
23,516.00
89.06
222,500.00
85,484.03
85,484.03
111,699.00
25,316.97
88.62
4030-545-4300 Utilities (MAIN PG)
4030-545-4600 Repairs/Maint (MAIN PG)
4030-545-4903 Taxes/Assessments (MAIN PG)
4030-545-4910 Bad Debt Expense (MAIN PG)
4030-5000
Page:
4030-545-3100 Prof Svcs (MAIN PG)
4030-4000
2,000.00
0.00
0.00
0.00
2,000.00
0.00
15,000.00
4,750.00
4,750.00
6,650.00
3,600.00
76.00
1,800.00
2,027.89
2,027.89
0.00
-227.89
112.66
0.00
0.00
0.00
0.00
0.00
0.00
18,800.00
6,777.89
6,777.89
6,650.00
5,372.11
71.42
0.00
4030-545-5250 Small Tools/Equip (MAIN PG)
0.00
0.00
0.00
0.00
0.00
4030-545-5255 Assets $750-$5,000 (MAIN PG)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
241,300.00
92,261.92
92,261.92
118,349.00
30,689.08
87.28
Total Parking Garage - Main Street
Page:
2
expstat.rpt
05/09/2016
4:17PM
403
4031
Parking Garage - City of Palms
Account Number
4031-3000
4031-545-3105 Legal Professional Services (COP PG)
4031-545-3400 Contract Svcs (COP PG)
3
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
10,000.00
0.00
0.00
0.00
10,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
275,000.00
100,188.05
100,188.05
154,476.00
20,335.95
92.61
285,000.00
100,188.05
100,188.05
154,476.00
30,335.95
89.36
4031-545-4300 Utilities (COP PG)
4031-545-4600 Repairs/Maint (COP PG)
4031-545-4903 Taxes/Assessments (COP PG)
4031-545-4941 Harborside Retail Tenant Exp (COP PG)
4031-5000
Page:
4031-545-3100 Prof Svcs (COP PG)
4031-4000
2,500.00
482.87
482.87
0.00
2,017.13
19.31
138,480.00
30,292.75
30,292.75
6,650.00
101,537.25
26.68
0.00
0.00
0.00
0.00
0.00
0.00
30,000.00
11,959.02
11,959.02
0.00
18,040.98
39.86
170,980.00
42,734.64
42,734.64
6,650.00
121,595.36
28.88
0.00
4031-545-5250 Small Tools/Equip (COP PG)
0.00
0.00
0.00
0.00
0.00
4031-545-5255 Assets $750-$5,000 (COP PG)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Parking Garage - City of Palms
455,980.00
142,922.69
142,922.69
161,126.00
151,931.31
66.68
Page:
3
expstat.rpt
05/09/2016
4:17PM
403
4032
Page:
4
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
4032-545-1400 Sal/Wage Overtime (PGA)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Account Number
4032-1000
4032-2000
Prct
Used
Personnel Services
4032-545-2100 FICA Tax (PGA)
0.00
0.00
0.00
0.00
0.00
0.00
4032-545-2210 Retirement (PGA)
0.00
0.00
0.00
0.00
0.00
0.00
4032-545-2600 Other Post Employment Benefits (PGA)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
100.00
4032-3000
4032-545-3200 Accounting/Auditing (PGA)
4032-545-3400 Contract Svcs (PGA)
4032-4000
300.00
200.54
200.54
99.46
0.00
230,000.00
102,289.87
102,289.87
122,360.00
5,350.13
97.67
230,300.00
102,490.41
102,490.41
122,459.46
5,350.13
97.68
0.00
4032-545-4100 Communication (PGA)
25,800.00
0.00
0.00
0.00
25,800.00
4032-545-4600 Repairs/Maint (PGA)
17,229.00
268.45
268.45
0.00
16,960.55
1.56
4032-545-4900 Other Current Chgs (PGA)
15,000.00
9,340.32
9,340.32
0.00
5,659.68
62.27
0.00
4032-545-4910 Bad Debt Expense (PGA)
100.00
0.00
0.00
0.00
100.00
0.00
1,491.62
1,491.62
0.00
-1,491.62
0.00
2,500.00
1,458.31
1,458.31
0.00
1,041.69
58.33
60,629.00
12,558.70
12,558.70
0.00
48,070.30
20.71
4032-545-5100 Office Supplies (PGA)
1,200.00
733.48
733.48
0.00
466.52
61.12
4032-545-5200 Operating Supplies (PGA)
4,000.00
0.53
0.53
0.00
3,999.47
0.01
4032-545-5255 Assets $750-$5,000 (PGA)
0.00
0.00
0.00
0.00
0.00
0.00
4032-545-5900 Depreciation Expense (PGA)
0.00
0.00
0.00
0.00
0.00
0.00
5,200.00
734.01
734.01
0.00
4,465.99
14.12
4032-545-4930 Cash (Over)Short (PGA)
4032-545-4940 General Admin Expense (PGA)
4032-5000
Page:
4
expstat.rpt
05/09/2016
4:17PM
403
4032
Account Number
4032-6000
Page:
5
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
0.00
Capital Outlay
4032-545-6200 Buildings (PGA)
0.00
0.00
0.00
0.00
0.00
4032-545-6400 Equipment (PGA)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
100,000.00
58,331.00
58,331.00
0.00
41,669.00
58.33
0.00
0.00
0.00
0.00
0.00
0.00
139,500.00
0.00
0.00
0.00
139,500.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Other Uses
239,500.00
58,331.00
58,331.00
0.00
181,169.00
24.36
Total Parking Garage Administration
535,629.00
174,114.12
174,114.12
122,459.46
239,055.42
55.37
4032-9000
Other Uses
4032-581-9002 Trsf to General Fund (PGA)
4032-581-9106 Trsf to Street Maintenance Fund (PGA)
4032-581-9310 Trsf to General CIB (PGA)
4032-590-9414 Advance to Harborside (PGA)
Page:
5
expstat.rpt
05/09/2016
4:17PM
403
9998
Reserves
Account Number
9998-9000
Page:
6
City of Fort Myers
10/1/2015
through 4/30/2016
Adjusted
Appropriation
Expenditures
Year-to-date
Expenditures
Year-to-date
Encumbrances
Balance
Prct
Used
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,232,909.00
409,867.52
409,867.52
401,934.46
421,107.02
65.84
1,232,909.00
409,867.52
409,867.52
401,934.46
421,107.02
65.84
Other Uses
9998-545-9998 Downtown Parking Garage Reserves
Total Reserves
Total Downtown Parking Garages Operations
Grand Total
Page:
6
AGENDA ITEM SUMMARY
DISTRICT: All
WARD: All
Revision Distributed: 5/24/16
SUBJECT: Retroactive salary adjustment for Michele Hylton-Terry to reflect a 3%
salary increase from the date the Masters was received to September 30, 2015.
MOTION: Approve a retroactive salary adjustment for Michele Hylton-Terry to reflect a
3% salary increase from the date she received a Masters of Public Administration
(March 2010) to the date a 3% increase went into effect on October 1, 2015.
FUNDING SOURCE: Tax increment from the Downtown, Cleveland, and MLK
redevelopment areas will be used on a pro-rated basis to reflect funding sources of
Michele’s salary during the various fiscal years.
FISCAL IMPACT: Estimated to be approximately $8,000.
WHAT ACTION ACCOMPLISHES: Provides a retroactive salary increase from the date
of Michele’s graduation (March 2010) to the date the 3% increase went in effect on
October 1, 2015.
Michele Hylton-Terry successfully completed her Master of Public Administration
degree from Barry University in March 2010. The City policy is to acknowledge
advanced degrees and training with a salary adjustment but due to budget cutbacks
at that time no increase was given. The advanced training Michele received from
achieving the Master of Public Administration degree has benefited both the City and
the CRA. At the October 28, 2015 Community Redevelopment Agency (CRA) meeting,
the Board approved a 3% salary increase effective October 1, 2015. Chairman Streets
requested that the Board consider making the 3% salary increase retroactive from the
October 1, 2015 increase to the date of the degree (March 2010). The estimated cost
of this action would be approximately $8,000. Since an across the board salary
decrease and furloughs were instituted during this time period, Human Resources will
calculate the exact cost if the Board approves the motion.
During this time period, Michele’s salary was paid from the MLK, Cleveland, Dunbar
and Velasco Village redevelopment areas. Any retroactive increase will need to be
allocated on a pro-rata basis to match the manner in which her salary was originally
funded. Due to the fact that the Dunbar and Velasco Village areas are not generating
any tax increment funds, staff is proposing that portion of the funding be split equally
between the Downtown and MLK areas.
Yes
Person Initiating Request: Chairman Johnny Streets
BOARD ACTION
Approved:
Denied:
Tabled:
Item Continued To:
Voting Log: Brown ____ Streets___ Watson___ Flanders____ Banks___ Anthony ___ Henderson___
No
AGENDA ITEM SUMMARY
DISTRICT: CL
WARD: 5
Revision Distributed: 5/25/16
SUBJECT: Tax increment rebate request from Aileron Holdings, LLC for the property
located at 4944 S. Cleveland Avenue
ADVISORY BOARD RECOMMENDATION: Approve the terms of a tax increment
rebate for Aileron Holdings, LLC for the property located at 4944 S. Cleveland Avenue
at the rate of 95% for years 1 and 2 and 77% for years 3 - 12 (a 12-year average of
80%) with a not to exceed figure of $4,013,800, with the stipulation that payments will
be subject to the valuation of Cleveland Avenue Redevelopment Sub-Area 4 increasing
above the base year value for that sub-area.
Since that time, the Developer contacted the Property Appraiser and received a Revised
Project Value of $41,586,817, which would increase the not-to-exceed value to
$4,450,000.
MOTION: Approve a tax increment rebate with Aileron Holdings, LLC for the project
known as Grand Central Station located at 4944 S. Cleveland Avenue with a rate of
95% for Years 1 and 2 and 77% for Years 3 – 12 with a not to exceed figure of
$4,450,000 with payments subject to the valuation of the Cleveland Avenue
Redevelopment Sub-Area 4 increasing above its base year value.
FUNDING SOURCE: Future tax increment generated by the project, which is located
within the Cleveland Avenue Redevelopment Sub-Area 4.
FISCAL IMPACT: Not-to-exceed $4,450,000 over 12 years.
WHAT ACTION ACCOMPLISHES: Provides a tax increment rebate incentive that will
allow the Grand Central Station apartment and retail development to move forward
along the Cleveland Avenue corridor as recommended in Action Step ED-5 in the
Cleveland Avenue 5 Year Action Plan.
BACKGROUND INFORMATION: Aileron Holdings, LLC is in the due diligence phase
of their contract for the property located at 4944 S. Cleveland Avenue. This 18.24 acre
parcel, formerly home to the Page Field trailer park, is located in Cleveland
Redevelopment Sub-Area 4. The parcel, which has been vacant for most of the last
decade, is bordered by the Page Field Commons retail center to the east, Chuck E.
Cheese to the south, and the Sam Fleishmann Park to the west.
The Developer is proposing to construct approximately 15,000 square feet of retail
space on the portion of the site which fronts directly on U.S. 41/Cleveland Avenue with
280 market rate rental apartment units directly behind the retail space. The rental
units will be composed primarily of one and two bedroom apartments housed in either
three or four story buildings. The development will consist of seven buildings in total,
Yes
Person Initiating Request: Don Paight/ Leigh Scrabis
BOARD ACTION
Approved:
Denied:
Tabled:
Item Continued To:
No
COMMUNITY REDEVELOPMENT AGENCY BOARD
AGENDA ITEM SUMMARY
Background Information – Continued
Meeting Date: May 25, 2016
Motion: Approve a tax increment rebate for Aileron Holdings, LLC for the project known
as Grand Central Station on the property located at 4944 S. Cleveland Avenue with a
rate of 95% for Years 1 and 2 and 77% for Years 3 – 12 with a not to exceed figure of
including the clubhouse and will include surface parking. Amenities will include a
4,500-5,500 square foot clubhouse, with a resort-style swimming pool, fitness center,
dog walk park, security gates and multiple detached garages. Rents are expected to
range from $950-$1,500 per month depending on whether the unit is a one-bedroom,
two-bedroom or two-bedroom plus den.
Staff has met with the Developer, the City Manager and the Public Works Department
to discuss the proposed project. During this meeting, the City and Developer agreed
that by designating the Parks Impact Fees due for this project, the funds could be
used to secure the rear western-most portion of the site adjacent to the canal and
baseball fields to provide 89 parking spaces for patrons of Fleischmann Park sports
complex located directly across the canal from the project.
The Developer originally requested a 95% tax increment rebate for a 12-year period in
order to achieve a 15% rate of return on his investment. The sunset date for the
Cleveland Districts is 2040, so the request falls within the correct time frame.
While staff believed this was an excellent project for the proposed location, staff shared
their concerns with the Developer and informed him that their recommendation at the
May 3, 2016 Community Redevelopment Agency (CRA) Advisory Board meeting would
be to reduce the 95% rebate request to one in the range of 75-80% due to the following
reasons:

Cleveland Sub-Area 4 is currently almost $900,000 below its base year
value and is not generating any tax increment.

While this project will increase the total Sub-Area 4 value to one that is
above the base year value, a 95% rebate would not leave the CRA with
any remaining funds to continue revitalizing the area. Current capital
projects awaiting funding include landscaping the medians between
Colonial and Boy Scout and installing public art underneath the
Cleveland flyover. Staff would like to capture some of the tax increment
from this project to fund improvements that will improve the aesthetics
of the corridor and can be enjoyed by the entire community.
After hearing staff’s concerns, the Developer came to the May 3, 2016 CRA Advisory
Board meeting with a revised request in which he decreased the 95% rebate request
for 12 years to a request of 95% for Years 1-4, 85% for Years 5-8 and 75% for Years 9–
12 for an average rebate of 85%.
After extensive discussions with the Developer, the CRA Advisory Board recommended
a 95% tax increment rebate in Years 1 & 2 with a 77% tax increment rebate in Years
3-12 for an average rebate of 80% over the 12-year period.
COMMUNITY REDEVELOPMENT AGENCY BOARD
AGENDA ITEM SUMMARY
Background Information – Continued
Meeting Date: May 25, 2016
Motion: Approve a tax increment rebate for Aileron Holdings, LLC for the project known
as Grand Central Station on the property located at 4944 S. Cleveland Avenue with a
rate of 95% for Years 1 and 2 and 77% for Years 3 – 12 with a not to exceed figure of
The CRA Advisory Board also discussed allowing the Developer to use a portion of the
CRA’s offsite stormwater credits, received through the CRA’s participation in the Fort
Myers Country Club project, as an incentive to agree to a lower rebate than requested.
Because CRA and City staff are still working with Johnson Engineering to modify the
City’s Environmental Resource Permit with the Southwest Florida Water Management
Department, it is recommended that the assignment and terms of the offsite credits be
handled under a separate agreement at a later date.
The Advisory Board also recommended that while this project will most certainly
increase the total value of Sub-Area 4 to a value above its base year, if the CRA Board
approves this request, the Development Agreement should include wording along the
following lines:
“A rebate will only be due when the taxable value of Cleveland Redevelopment
Sub-Area 4 exceeds its base year value. In any given fiscal year, the tax
increment rebate due under this Development Agreement shall not exceed the
amount of tax increment received by the Agency for Cleveland Redevelopment
Sub Area IV.”
During the Advisory Board meeting, the Developer stated that he thought the proposed
tax increment with the newly agreed upon terms of a 95% rebate in the first two years
and a 77% rebate in the remaining ten years would allow him to achieve an adequate
return on investment and that without the proposed CRA assistance, the project
would not be built. Included within the Developer’s submittal are site plans, an
economic impact analysis, introduction to the project team and a list of other projects
by the Developer.
A Tax Increment Rebate Development Agreement incorporating the recommendations
from the CRA Advisory Board is being drafted by Berk Edwards, CRA Attorney, and
Jenna Persons, Strayhorn and Persons, and will be presented at the June CRA
meeting for review and approval.
See attached backup material on the project for staff recommendation along with the
Developer’s request.
Aileron Capital Management Grand Central 4944 S. Cleveland Ave 280 +/‐ unit, market rate apartment community 15,000 square feet of commercial space Developer’s original tax increment rebate request An annual $500,000, 95% TIF rebate for 12 years ($6 million) to achieve a 15% leveraged Internal Rate of Return (IRR) Revised recommendation following review by the CRA Advisory Board: Provide a 12 year tax increment rebate of 95% for years 1 – 2, and a 77% tax increment rebate for years 3‐12 (an average of 80%) with a not to exceed amount of $4,013,800. The Advisory Board recommended consulting with the Property Appraiser to obtain a more accurate estimate of completed project value (which determines TIF revenue) and to adjust the not to exceed number accordingly. Developer’s total estimated project cost $50,021,000 Estimated taxable value (See note 1) $41,586,817 (NOI of $2,495,209 x 6% Cap Rate) Less current taxable value Net increase in value $ 2,383,161 $39,203,656 $37,243,473 .008776 .0036506 .0124266 $ 462,810 X 95% = TIF taxable value City Mill rate (est.) County mill rate (est.) Total applicable millage (est.) Projected annual tax increment ($37,243,473 x .0124266) TIF per year @ 95% = $439.670 TIF per year @ 77% = $356,363 Tax Increment Projections % Developer Year Rebate TIF Revenue 1 95 439,670 2 95 439,670 3 77 356,363 4 77 356,363 5 77 356,363 6 77 356,363 7 77 356,363 8 77 356,363 9 77 356,363 10 77 356,363 11 77 356.363 77 356,363 12 CRA TIF Revenue 23,140 23,140 106,447 106,447 106,447 106,447 106,447 106,447 106,477 106,447 106,447 106,447 ‐ Totals 4,442,970 1,110,750 Notes: 1. The original estimate of the project’s taxable value was $37,800,000. After consulting with the Lee County Property Appraiser as directed by the Advisory Board and applying his formula (Net Operating Income divided by a Cap Rate of 6%) the Revised Taxable Value was estimated to be $41,586,817 for an increase of $3,786,817 above what was originally provided to the Advisory Board. 2. Additional incentives may be available in the form of offsite stormwater credits received by the Cleveland Redevelopment Area for its participation in funding the construction of excess stormwater treatment built during the renovation of the FMCC Country Club. 3. Cleveland Redevelopment Sub‐Area 4 is approximately $900,000 below its base year value. Staff is hopeful that the sub‐area’s value will increase above the base year by the completion date of the Aileron project. Revised Not to Exceed Amount: Based on the Advisory Board’s recommendation to use the Property Appraiser’s estimated taxable value the staff recommends increasing the Not‐to‐exceed number from $4,013,800 to $4,450,000. May 25, 2016
Fort Myers CRA Commissioners
2200 Second Street
Fort Myers, FL 33901
RE:
4944 S. CLEVELAND AVE., FORT MYERS, FL
REQUEST FOR TAX INCREMENT FINANCING
Dear CRA Commissioners:
I am pleased to present this request for Tax Increment Financing, in connection with the property located at 4944
S. Cleveland Avenue, Fort Myers, FL. My firm, Aileron Investment Management, is interested in acquiring the
subject parcel, with the purpose of developing the site into a 280+/- unit, market rate apartment community, along
with approximately 15,000 square feet of retail space along the U.S. 41 frontage.
As you may be aware, this site has been vacant for more than 10 years, and thus, it has not been generating tax
revenue for the city or county, nor has it contributed anything to the community in terms of jobs or goods and
services. This project, if developed, will create 453 total jobs, generate $16,783,794 of household earnings,
add $31,207,234 of value to the regional economy, and increase regional demand by $59,628,845
We have performed our due diligence on the subject site and, based on the data we have collected and analyzed, we
have determined that in order to make this project economically feasible, we will require some economic assistance
from the CRA. Accordingly, please accept this letter, along with the accompanying documents, as a request for tax
increment financing.
I sincerely appreciate your consideration of this project, and look forward to discussing the details with you.
Sincerely,
Joseph R. Bonora
Managing Director
Aileron Investment Management
3401 W. Cypress Street, Suite 101 | Tampa, FL 33607 | (813) 341-3654 Phone | (813) 341-3651 Fax
Request for Tax Increment Financing
May 2016
THE PROPERTY
Location:
The subject site is located in the City of Fort Myers, in Lee County, Florida. The parcel
consists of 18.24 acres. STRAP #02-45-24-P3-00065.0000. The site is in Ft. Myers’
Cleveland Avenue redevelopment district, adjacent to Page Field Airport and between
Colonial Blvd. and Boy Scout Dr.
Strap:
02-45-24-P3-00065.0000
Street Address:
4944 S. Cleveland Ave., Fort Myers, FL 33907
Legal Description:
PARL IN SE 1/4 SEC 2 T45 R24 OC DESC IN OR 899 PG 827 + OR 1708 PG 2657
Site Overview:
The subject site is located in the City of Ft. Myers, immediately to the west of Page Field Airport, and across the
street from Page Field Commons, a large retail center. The parcel consists of approximately 18.24 acres, and is
located within the Cleveland Avenue Redevelopment District, adjacent to Page Field Airport and between Colonial
Blvd. and Boy Scout Dr. The subject property also falls within the Cleveland Avenue Brownfields Area
(BF361101000). A recent Phase I report, completed on March 18, 2016 by Metropolitan Solutions, revealed
no RECs in connection with the site; however, during a recent meeting with the community development
staff, we were informed that the site potentially has asbestos utility pipes. We are currently investigating this
potential issue.
PROJECT INFO
Project Overview:
Rental Apartments
The proposed redevelopment project includes the construction of 280 rental apartment units, comprised primarily
of one and two bedroom units, commensurate with the demands of the market. It is estimated that the unit mix will
include (120) 1 bed/1 bath units, (120) 2 bed/2bath units, and (40) 2 bed/2 bath + den units. The one bedroom units
will average 738 sf, the two bedroom units will average 1,033 sf, and the two bedroom units with dens will average
1,286 sf, all of which is within the range of the comparable properties within the immediate area.
The apartment buildings will be three and four story, concrete block structures, with painted stucco exteriors. There
will be seven total buildings, including the clubhouse, and all parking will be surface. Amenities will include a
4,500-5,500 sf clubhouse, resort style swimming pool, fitness center, dog walk park, security gates, and multiple
detached garages. Rents for the apartments are expected to range from $950/month for the one-bedroom units, to
$1,500/month for two-bedroom with den units, which is less than other new projects in the area, and in-line with
existing older properties within the immediate area.
Retail
In addition to the rental apartments, the project will include approximately 15,000 square feet of retail space.
Currently, there are LOIs in place with AT&T and Jimmy John’s, with LOI expected from Krispy Kreme, Einstein
Bagels, Red Robin, and a number of other national retailers.
Status:
Zoning: The site is zoned Commercial Intensive (CI), which allows for a wide multitude of permitted uses, including
the multi-family and retail uses proposed by the developer. The CI zoning allows for 25 DU per acre by right, with
building heights up to 70’ or five stories. As such, it will not be necessary to rezone the property in order for it to
be developed as proposed.
Site Control: The site is currently owned by US 41 Page Field, LLC, who purchased the site from Bank of America
in 2010. We hold a valid contract to purchase the property, with a closing presently set for July 29, 2016.
Anticipated Project Schedule: We have already begun the planning and design process, and anticipates a 6-8 month
period to obtain a Development Order and building permits. Construction is expected to commence in January 2017,
with an estimated completion date of August 2018. The following is our anticipated schedule:
Month
16-May
16-Jun
16-Jul
16-Aug
16-S ep
16-Oct
16-Nov
16-Dec
17-Jan
Due Diligence
Site Design
Building Design
Development Order
Plat and Building Permits
Construction Commences
Sources & Uses:
Sources
Construction Financing (Apartments)
Construction Financing (Retail)
Developer Equity
Total
LTC %
70.5%
8.4%
21.1%
$
35,250
4,200
10,571
$
50,021 100.0%
Uses
Land Acquisition
Hard Costs
Contingency
FF&E
Soft Costs
Completion Commitment
Interest Reserve
Closing Costs
Total
$
$
5,150
37,525
1,500
250
3,256
375
1,200
765
50,021
ECONOMIC IMPACT
As part of our underwriting process, we engaged Wagner Consulting Group to prepare an econometric study for the
subject apartment project, to determine the economic impact it would have on the Southwest Florida market. The
following are excerpts from the report.
Economic Model. The economic model used for the analysis is the Regional Input-Output Modeling System (RIMS
II) from the US Bureau of Economic Analysis. We use eligible costs from the construction and development budget,
the developer’s revenue forecast, and the RIMS II model final demand multipliers for the corresponding industries
to estimate the economic impacts of the project. The economic impacts are based on four measures: employment,
earnings, value-added, and output:
• Employment indicates the number of jobs created by the project and elsewhere in the region.
• Earnings represents the income generated through payroll for employees and proprietors.
• Value Added is the project’s impact to regional Gross Domestic Product and productivity. This includes
the project’s total output less the commodity and intermediate inputs.
• Output is the total demand created by the project and the value of all economic activity being analyzed.
This includes all commodity and intermediate inputs, labor income, operating profit, and any other
revenue or input components.
The RIMS II final demand multipliers estimate the direct and indirect/induced economic impacts that result from a
dollar change in industry output. In this case, the dollar change in industry output is the $35,524,000 spent on
construction and development and the $4,007,040 earned when operations have stabilized. Direct and
indirect/induced impacts are defined as follows:
• Direct Impacts represent the employment, earnings, value-added and/or output that are directly
generated through the on-site operations of the business.
• Indirect/Induced Impacts represent the employment, earnings, value-added and/or output that are
created elsewhere as a result of supply purchases made by the business (the indirect impacts) as well
as the expenditures made by the employees of the business and supplier businesses (the induced
impacts).
Study Area. This analysis estimates the comprehensive economic impacts of the project and identifies an economic
region in which these impacts will occur. The study area is the Cape Coral-Fort Myers-Naples, FL Combined
Statistical Area (CSA). The project is located in Lee County but will create economic impacts in the larger region
due to commuting and consumption patterns as well as supply linkages. The study area is defined by the US Census
Bureau and Office of Management and Budget to be a region with substantial employment interchange and reflect
economic interactions such as wholesaling and commodity distribution. We identify the CSA as the project’s
economic region of influence and the region to which the RIMS II model is calibrated.
Industry Classifications. The project will create economic impacts during two phases of its lifecycle: (1)
construction and development and (2) ongoing operations. The following table categorizes the costs associated with
the construction and development phase and the revenue associated with ongoing operations by NAICS industry
code and description. The costs and revenue estimates are taken from the development budget and operating pro
forma and are expressed in current dollar terms. Construction and development costs total $35,524,000. Stabilized
revenue from ongoing operations is estimated to be $4,007,040. Please note that the construction and development
costs provided below do not constitute the entire development budget. Certain items such as land acquisition,
interest reserve, and contingency are not included in the analysis.
Table 1: NAICS Industry Classifications
NAICS
Code
Project Phase
NAICS Industry
Cost/ Revenue
Construction & Development
Construction, Developer Fees, Project
Management
236100
Architecture & Engineering
541300
Marketing
541800
Other Professional Fees
541900
HUD Loan Costs, Other Loan Costs
522200
Non-depository Credit Intermediation
$1,000,000
531100
Lessors of Real Estate
$4,007,040
Ongoing Operations
Residential Building Construction
$33,577,500
Architecture, Engineering, and Related
Services
Advertising, Public Relations, and Related
Services
All Other Professional, Scientific, and
Technical Services
$573,500
$298,000
$75,000
Economic Impacts. Below, we estimate the project’s impacts to employment, earnings, value-added, and output.
The results are provided in Table 2 through Table 5. The cost and revenue estimates are used as inputs to the model
and are expressed in 2013 dollar terms to adjust for inflation and correspond to the date of the RIMS II multipliers.
Table 2: Employment Impacts
Project Phase
NAICS
Code
RIMS
II
Code
RIMS II
Multiplier
Construction, Developer Fees,
Project Management
236100
2334B0
12.053
541300
541300
Marketing
541800
Cost/
Revenue
($2013)
Direct
Impacts
Indirect
Impacts
Total
Impacts
$31,560,477
194.67
185.71
380.38
13.028
$539,402
3.50
3.52
7.03
5418
11.178
$299,596
1.81
1.54
3.35
541900
5419A0
13.246
$75,402
0.57
0.43
1.00
522200
522A00
11.366
$1,044,248
5.33
6.54
11.87
531100
531000
14.117
$3,479,427
35.45
13.66
49.12
241.33
211.41
452.74
HUD Loan Costs, Other Loan
Costs
Ongoing Operations
Total Employment Impacts
Table 3: Household Earnings Impacts
Project Phase
Construction &
Development
Construction,
Developer Fees,
Project Mgmt
Architecture &
Engineering
Marketing
Other Professional
Fees
HUD Loan Costs,
Other Loan Costs
Ongoing Operations
NAICS
Code
RIMS
II Code
RIMS II
Multiplier
Cost/
Revenue
($2013)
Direct
Impacts
Indirect
Impacts
Total
Impacts
236100
2334B0
0.469
$31,560,47
7
$8,997,000
$5,804,864
$14,801,864
541300
541300
0.604
$539,402
$213,003
$112,742
$325,745
541800
541800
0.428
$299,596
$80,431
$47,736
$128,167
541900
5419A0
0.579
$75,402
$30,490
$13,190
$43,680
522200
522A00
0.532
$1,044,248
$338,389
$216,941
$555,331
531100
531000
0.267
$3,479,427
$527,096
$401,911
$929,007
$10,186,409
$6,597,385
$16,783,794
Total Household Earnings Impacts
Table 4: Value-Added Impacts
Project Phase
NAICS
Code
RIMS
II Code
RIMS II
Multiplier
Cost/ Revenue
($2013)
Total Impacts
Management
236100
2334B0
0.827
$31,560,477
$26,091,046
541300
541300
0.922
$539,402
$497,329
Marketing
541800
5418
0.922
$299,596
$276,108
541900
5419A0
1.009
$75,402
$76,073
522200
522A00
0.902
$1,044,248
$941,389
531100
531000
0.956
$3,479,427
$3,325,289
Ongoing Operations
Total Value-Added Impacts
$31,207,234
Table 5: Output Impacts
Project Phase
NAICS
Code
RIMS
II Code
RIMS II
Multiplier
Cost/ Revenue
($2013)
Total Impacts
Management
236100
2334B0
1.633
$31,560,477
$51,522,479
541300
541300
1.653
$539,402
$891,524
Marketing
541800
541800
1.530
$299,596
$458,383
541900
5419A0
1.578
$75,402
$118,961
522200
522A00
1.668
$1,044,248
$1,741,596
531100
531000
1.407
$3,479,427
$4,895,902
Ongoing Operations
Total Output Impacts
$59,628,845
Conclusion. This analysis estimates the economic impacts of the construction, development, and ongoing operations
of a new 280-unit residential complex in Fort Myers, FL using estimated construction and development costs of
$35,524,000, revenue forecast of $4,007,040, and RIMS II final demand multipliers. The results indicate that the
project will create 452.74 total jobs, generate $16,783,794 of household earnings, add $31,207,234 of value to the
regional economy, and increase regional demand by $59,628,845.
PROJECT TEAM
Developer:
The Developer will be a newly formed entity, wholly owned by Aileron Holdings, LLC. Aileron and its principals
are experienced developers of residential and mixed-use projects, with a deep understanding of the local market in
Southwest Florida. The company recently completed Channelside Apartments, the first large scale apartment project
built in Lee County since 2006, and Rose Garden, a 109 bed assisted living facility, located on Earl Road, within
(albeit not included in) the Cleveland Avenue Redevelopment District.
Company and Management Overview:
Aileron Capital Management is a wholly owned subsidiary of Aileron Holdings, and a FINRA-registered brokerdealer and investment fund manager, with a multi-strategy approach to commercial real estate investment, and a
specific focus on government-backed programs and public-private partnerships. Through the company’s credit
funds, Aileron originates and/or acquires SBA 504 first mortgage loans, USDA B&I loans, and short-term "bridge"
loans for the acquisition, construction, and refinance of commercial properties nationwide. Since the company’s
formation in 2010, Aileron has closed in excess of $500 million in real estate backed loans, and has become one of
the nation’s top SBA lenders. Aileron is also one of only a handful of “non-bank” lenders approved to pool and
securitize SBA loans, and originate USDA loans.
In addition to the company’s lending platform, Aileron invests in value-add opportunities, including adaptive reuse projects and property repositions, as well as ground-up developments, primarily in Florida. While the company
will invest across all property types, the primary focus is multi-family, senior housing, and mixed-use projects.
Joseph R. Bonora, Managing Partner: Joseph Bonora is co-founder and Managing Partner of Aileron Capital
Management. Aileron is a national specialty finance firm and FINRA-registered broker/dealer, with an expertise in
government guaranteed loan programs, including U.S. Small Business Administration (SBA) loans, USDA B&I
(Business and Industry) loans, real estate development, and ground-up construction financing utilizing funds from
foreign investors participating in the EB-5 program. Since the company's formation in 2010, Aileron has provided
in excess of $500 million in funding to small business owners across the U.S.
Mr. Bonora oversees all origination, underwriting, and investment decisions for Aileron Capital Management and
its affiliated companies and investment funds. Mr. Bonora has over 15 years of experience in structured finance and
real estate development, and has extensive knowledge of construction lending, land planning and entitlement, and
government loan and development programs. Prior to forming Aileron, Mr. Bonora was Vice President at LCG
Capital Group, a boutique investment bank located in Tampa, FL. While at LCG, Mr. Bonora was in charge of the
structuring and placement of real estate backed debt and mezzanine loans, as well as junior and senior corporate
debt.
Prior to working for LCG, Mr. Bonora was the founder and CEO of Joseph Scott Financial, a residential and
commercial mortgage lending firm. As CEO of Joseph Scott, Mr. Bonora grew the company to four offices with
50+ employees, and originated / brokered over $3 billion of residential and commercial real estate loans.
Mr. Bonora has been a resident of Southwest Florida since 1987. His brother, Mark Bonora, is a Deputy in the Lee
County Sheriff Department’s K-9 division, and his mother resides in Cape Coral.
Robert K. Beard, Managing Partner: Robert Beard is co-founder and Managing Partner of Aileron Capital
Management. Mr. Beard has over 25 years of audit, management and lending experience. Mr. Beard started his
career with the Tampa office of Deloitte & Touche in 1983 where he served as an audit manager and achieved the
industry specialist designation in the banking, savings & loan and mortgage banking industries. In 1991, he founded
the Tampa CPA firm of Beard & Kingery (now Kingery and Crouse, CPA’s). In 1998, Mr. Beard founded
EnviroCap, LLC and has since also founded and served as the CEO of ABS Capital Group, LLC and Aegis Business
Credit, LLC. Since 1998, these companies have funded over $1.2 billion via factoring and asset based lending
programs, generating over $30 million in profits and providing its investors with a combined average annualized
return on equity in excess of 30%.
Mr. Beard graduated from Florida State University in 1983 where he double majored in accounting and finance,
with a minor in economics; he has been a licensed CPA in the state of Florida since 1984. Mr. Beard participates in
investor relations, strategic planning, participation on the Investment Committee and other functions of the Aileron
companies.
Michael Maguire, Managing Director: Mr. Maguire has 13 years of audit, management and investment banking
experience. He began his career as an auditor with the Tampa office of Arthur Andersen in 2000, and moved into
investment banking after accepting a position at Citigroup’s middle-market investment banking division. While at
Citi, Mr. Maguire where focused on originating, executing, and advising on middle-market transactions.
After leaving Citigroup, Mr. Maguire joined LCG Capital Group (“LCG”), a Tampa-based boutique investment
banking firm. At LCG, Mr. Maguire worked on debt and equity raises, including SBA 504 and 7 (a) loans, and was
responsible for the financial modeling and analysis of the transactions. Mr. Maguire has been directly involved in
equity / debt transactions totaling over $400 million in a broad variety of industries, and has gained significant
experience working directly with business owners to optimize capital structures and cash flow efficiencies.
Mr. Maguire graduated magna cum laude from the University of Notre Dame, earning a B.B.A. in Business
Administration and a Master of Science in Accountancy. Mr. Maguire is a Certified Public Accountant in the State
of Florida (non-active) and holds FINRA/NASD Series 7, 24 and 63 licenses.
Steven G. Anderson, Partner: Steven Anderson is a founding member of Aileron Capital Management. Mr.
Anderson has over 28 years’ experience in the finance and construction/development industries. Prior to forming
Aileron Capital Management, Mr. Anderson was the CFO and Chief Risk Manager of Environmental Chemical
Corporation (ECC) (www.ecc.net), a Top 100 U.S. Defense construction and remediation contractor. While at ECC,
Mr. Anderson managed all financial and cost control activities, ensuring cost compliance on all federal and private
contracts. In addition to the financial role, Mr. Anderson was responsible for structuring and negotiating joint
ventures and any unique business arrangements that ECC entered into. Before retiring from ECC, Mr. Anderson
was the project manager for Federal City New Orleans, a $150MM+ project that, when fully developed, will consist
of over 1,000,000 square feet of office space, 375,000 square feet of retail, 350,000 square feet of civil/municipal
buildings, 150 hotel rooms and 1,400 dwelling units.
Independent of his work at ECC and Aileron, Mr. Anderson has developed a number of multi-family and mixeduse projects, including three projects that utilized New Market Tax Credits and Historic Tax Credits for the
redevelopment of dilapidated buildings in New Orleans.
Mr. Anderson has a BS in Accountancy and a BA in Computer Science from Valparaiso University, and attended
the Program for Senior Financial Executives at Harvard Business School. He is a Certified Public Accountant, and
a member of the Construction Financial Management Association.
Justin Blackhall, General Counsel: Justin Blackhall is general counsel for Aileron Capital Management. Mr.
Blackhall represents the legal affairs of Aileron in all facets of the company’s various business endeavors, including
due diligence, loan documentation, risk management, government relations, and loss mitigation. In his law practice,
Mr. Blackhall focuses on the representation of U.S. and international companies, focusing on matters relating to
USCIS’s EB-5 program, SBA 504 transactions, capital raising and SEC compliance, and general corporate
compliance, as well as U.S. and international tax planning, bankruptcy and related matters.
Justin also serves as counsel to U.S. and international financial institutions in asset-based lending, structured finance
and workout transactions with a special focus on representing lenders in the SBA 504 first mortgage pool lending
program. Justin’s international corporate and tax experience focuses on creation and use of funds and companies in
the U.S. and British Virgin Islands as well as assisting U.S. businesses in qualifying for U.S. Virgin Islands
Economic Development Authority tax benefits.
Justin earned his J.D. from the Benjamin N. Cardozo School of Law and his B.A. from Syracuse University. He is
admitted to practice before the State and Federal Courts in New York, the District Court for the State of Connecticut,
and the Supreme and District Courts in the U.S. Virgin Islands.
Recently Completed Developments in Southwest Florida:
McGregor 325, LLC/Channelside Apartments
 325 unit Class A apartment complex in Fort Myers, Florida
 Total project cost of $40 million
 Construction commenced in February 2014, and was completed in October 2015
 Property is currently 97% occupied
 Property sold for $55MM in April 2016.
Southern Oaks Senior Care, LLC /Rose Garden of Fort Myers ALF
 109 unit assisted living facility with memory care, located at 2117 Earl Road, Fort Myers, FL
 Total project budget of $10.5 million
 Construction commenced in July 2014, and was completed in January 2016
 State license received in early April
 Property is currently 30% leased.
Santa Barbara Commercial Corner, LLC/Retail Center
 4,800 square foot retail building in Cape Coral, FL
 Completed in January 2016
 100% leased to AT&T and Heartland Dental
New Projects in Southwest Florida
New Projects in Southwest Florida
Liberty Health Park, LLC/Uptown at Liberty Park Apartments and Atrium Assisted Living Facility
 32 acre mixed use project in Cape Coral, FL
 320 unit Class A apartments
 128 unit ALF with memory care
 Approximately 20,000 square feet of retail
 Construction expected to commence in May 2016
 Total estimated development cost of $75 million
Midtown Cape Apartments, LLC /Midtown Apartments
 90 unit apartment complex in Cape Coral, FL
 Total project budget of $13.5 million
 Construction commenced in April 2016
 Estimated completion date of June 2017
TAX INCREMENT REBATE REQUEST
Projected Returns
In determining the appropriate amount of tax increment financing to request, we prepared financial projections in
order to calculate what the return on investment (ROI) would be with, and without TIF. Based on a total project
cost of $50,021,000, and net operating income of $2,495,209 (without rebate of tax increment), and a holding period
of 12 years, the leveraged IRR would be 11.83%, and the unlevered IRR would be 5.25%. In today’s market, and
investors could achieve these types of returns by acquiring an existing, income producing property, thus creating
no incentive for taking on development risk.
Although rate of return requirements vary from one investor to another, the industry standard for a development
project of this size and scope is mid- to high-teens, using leverage, and above 7% unlevered.
Rebate Request
While the rental apartment market continues to show strong performance with respect to occupancy and rent growth,
there are a number of factors making it more difficult for developers to achieve investment returns that meet industry
standards for new ground-up projects. These factors include, but are not limited to: (i) increasingly higher
construction costs, which have been rising at a rate of approximately 1% per month in Florida; (ii) overly
conservative bank underwriting standards, primarily caused by new banking regulations (i.e., HVCRE loans); and
(iii) rising new apartment inventory, which will put downward pressure on rent growth, and contribute to higher
vacancy rates.
In order to achieve an IRR sufficient to compensate for the risk associated with the development of this project,
based on a 12 year hold period, the net operating income would have to increase by approximately $415,000 per
year. The current Property Appraiser’s assessed value of the subject site is $2,383,161. We have estimated the
assessed value, following completion of the improvements, to be $41,589,817. After deducting the existing base
value, the net increase in value is $39,203,656. Multiplying this value by 95%, and then applying the millage rate
of .0124266, we calculate that the projected annual tax increment will be $462,810. In order to achieve an IRR that
is commensurate with the development risk, we respectfully request the following:
Tax Increment Rebate:
 Years 1-2: 95% of the annual tax incremental increase, beginning the year of the increase
following the completion of the construction;
 Years 3-12: 77% of the annual tax incremental increase;
Stormwater Credits:
 In order to maximize the use of the property, we would need to eliminate the need for a large
retention area, as currently required. We request stormwater credits in an amount sufficient to
eliminate the water management retention area, estimated at 1.91 acres in size.
I thank you again for your consideration and support of this project, and look forward to working with the city in
redeveloping this site and improving the area.
Sincerely,
Joseph R. Bonora
Aileron Investment Management, LLC
(813) 341-3654 x137 Office
(239) 823-5901 Cell
[email protected]
Request for Tax Increment Financing
May 2016
The proposed redevelopment project includes the construction of 280
rental apartment units, comprised primarily of one and two bedroom units,
commensurate with the demands of the market. It is estimated that the unit
mix will include (120) 1 bed/1 bath units, (120) 2 bed/2bath units, and (40)
2 bed/2 bath + den units. The one bedroom units will average 738 sf, the
two bedroom units will average 1,033 sf, and the two bedroom units with
dens will average 1,286 sf, all of which is within the range of the
comparable properties within the immediate area.
In addition to the rental apartments, the project will include approximately
15,000 square feet of retail space, located on three commercial outparcels.
Currently, there are LOIs in place with AT&T, Jimmy John’s, Red Robin
Restaurant, and a national tire and car parts store.
PROJECT DESCRIPTION
The proposed development will be a mixed-use project, comprised of a
280-unit Class “A” residential rental community, and approximately
15,000 square feet of retail space along U.S. 41/Cleveland Avenue.
4944 S. Cleveland Avenue, Fort Myers, FL 33907
Parcel ID
02-45-24-P3-00065.0000
Site Description
The subject site is located on US 41, immediately to the west of
Page Field Airport, and across the street from Page Field
Commons. The parcel consists of approximately 18.24 acres,
and is located within the Cleveland Avenue Redevelopment
District. The subject property also falls within the Cleveland
Avenue Brownfields Area (BF361101000).
Current Zoning
The site is zoned Commercial Intensive (CI), which allows for a
wide multitude of permitted uses, including the multi-family
and retail uses proposed by the developer. The CI zoning allows
for 25 DU per acre by right, with building heights up to 70’ or
five stories. As such, it will not be necessary to rezone the
property in order for it to be developed as proposed.
Site Control
The site is currently owned by US 41 Page Field, LLC, who
purchased the site from Bank of America in 2010. We hold a
valid contract to purchase the property, with a closing presently
set for July 29, 2016.
SITE DESCRIPTION
Site Address
SITE LOCATION
EXTERIOR CONCEPT
ELEVATION CONCEPT
RETAIL EXTERIOR CONCEPTS
7
RETAIL EXTERIOR CONCEPTS
8
INTERIOR CONCEPTS
FLOOR PLANS
FLOOR PLANS
FLOOR PLANS
FLOOR PLANS
FLOOR PLANS
PROJECT TEAM
 80+ years collective experience in all aspects of real estate (e.g.,
finance, development, etc.)
 Successfully developed in excess of $500 million in multifamily,
mixed-use, and commercial real estate projects
 Property manager currently manages more than 16,000 units in 11
states (SPM Management).
 Deep knowledge of subject market. Sponsor recently completed and
stabilized a 325 unit apartment project in Fort Myers
www.liveatchannelside.com
 General Contractor is currently largest multifamily builder in
Southwest Florida.
KEY INVESTMENT ATTRIBUTES
Experienced Project Team
Aster at Lely
Sierra Grande
• Naples, FL
• 308 unit apartment
• Built 2014
• Naples, FL
• Built 2014
Creekside
• Sarasota, FL
• Built 2015
Channelside
• Ft Myers, FL
• Built 2015
GENERAL CONTRACTOR
General Contractor: Brooks & Freund (www.brooksandfreund.com) - Established in 2000 to
provide quality, professional construction services at a competitive price, Brooks & Freund offers
extensive experience and an unparalleled commitment to excellence. Team leaders have managed
hundreds of successful projects in Southwest Florida, making the company an industry leader.
Brooks & Freund has received numerous awards including a 2006 Summit award from the Lee
Building Industry Association and a Builder of the Year Award from the Collier County
Subcontractor Organization. The following are some of the company’s completed multi-family
projects:
Engineer: Atlas Design & Engineering (www.atlasinconline.com) - Atlas Design & Engineering,
Inc. is a multi-disciplined engineering firm with emphasis on structural, mechanical (HVAC),
electrical & plumbing design. The President and founder of the company is Michael D. Stewart, P.E.
In addition to being a licensed engineering firm, Michael is a registered Professional Engineer in
Florida, South Carolina, North Carolina, and Virginia, and a LEED Accredited Design Professional
with a Building Design & Construction specialty.
Interior Design: Beasley & Henley (www.beasleyandhenley.com) – Beasley & Henley is a full
service interior design firm, focused on multifamily, senior housing, and hospitality projects
nationwide. The company provides start-to-finish design services, from initial concept to final
delivery and installation. The firm was founded in 1993, with offices in Naples and Winter Park, FL.
ARCHITECT AND ENGINEER
Architect: MHK Architecture (www.mhkap.com) -MHK was founded in 2009 by Matthew Kragh,
AIA. The Naples, FL based firm has grown into a collaborative of twenty-two design professionals
who have designed hundreds of residential and commercial projects across Florida and the
Caribbean. In 2004, Matthew was named one of Naples "Forty under Forty" by Gulfshore Business,
and Humanitarian of the Year by AIA Florida Southwest. In 2008, Matthew received the W.R. Frizell
Medal of Honor which is the highest honor that can be bestowed upon an architect from the
American Institute of Architect’s Florida Southwest Chapter. In 2013, Matthew received the
President’s Award from the American Institute of Architects.
AILERON MANAGEMENT TEAM
Prior to forming Aileron Capital Management, Mr. Bonora was Vice President at LCG
Capital Group, a boutique investment bank located in Tampa, FL. While at LCG, Mr. Bonora
was in charge of the structuring and placement of real estate backed debt, as well as junior
and senior corporate debt.
Prior to working for LCG, Mr. Bonora was the founder and CEO of Joseph Scott Financial, a
residential and commercial mortgage lending firm. As CEO of Joseph Scott, Mr. Bonora
grew the company to four offices with 50+ employees, and originated/brokered more than $3
billion of residential, commercial, construction, and acquisition/development loans. In
addition to managing the lending business, Mr. Bonora also acquired and entitled land for
real estate projects in Southwest and Central Florida, including a 325 unit Class A apartment
community, and a 109 unit assisted living facility, both located in Fort Myers.
JOSEPH R. BONORA
Joseph R. Bonora, Managing Partner - Mr. Bonora has more than 15 years experience in
the real estate development and finance industry, and has extensive knowledge of structured
finance and commercial real estate lending. Mr. Bonora manages the day-to-day operations of
Aileron Capital Management, and oversees the investments made through the Aileron family
of funds. Mr. Bonora is responsible for the planning, design, entitlement, and general
development oversight of the company’s real estate developments. He is also in charge of
arranging the financing, and assembling the development team, which includes the GC,
property manager, architect, engineer, and project manager.
Mr. Lindell has invested in commercial and residential real estate for over 20 years. His
acquisitions have included various office buildings, mobile home parks, and residential lots.
In 1997, Lindell Investments was formed for various real estate development projects
including Keystone Shores, a high-end residential development in Tampa, and Whispering
Oaks, a 270-unit single family development in Tampa. Additionally, Mr. Lindell is a
development partner in the newly construction Epicurean Hotel in Tampa, and an investor in
a number of multifamily projects in Florida, including a 376-unit apartment project in
Brandenton, Florida known as The Landings at Parkview, and a 325-unit project known as
Channelside Apartment in Fort Myers, FL, to name a few.
Mr. Lindell attended and received his B.A. degree from The University of North Carolina and
his M.B.A. degree from the Emory University.
CARL LINDELL
Carl Lindell, Partner - Mr. Lindell is the owner and Chairman of Lindell Properties and
Lindell Capital, a real estate development firm and specialty finance company, respectively.
Mr. Lindell was the Owner and President of Lindell Motors, Inc. (d/b/a Lindell HondaVolkswagen) and Lindell Mazda in St. Petersburg, Florida until 2004, at which time he sold
the dealerships.
Mr. Beard graduated from Florida State University in 1983 where he double majored in
accounting and finance, with a minor in economics; he has been a licensed CPA in the state
of Florida since 1984. Mr. Beard shall be responsible for high level oversight and monitoring
of the operations of the Investment Manager and the Fund and shall materially participate in
investor relations, strategic planning, participation on the Investment Committee and other
functions as he considers necessary.
ROBERT K. BEARD
Robert Beard, Managing Partner - Mr. Beard has over 25 years of audit, management and
lending experience. Mr. Beard started his career with the Tampa office of Deloitte & Touche
in 1983 where he served as an audit manager and achieved the industry specialist
designation in the banking, savings & loan and mortgage banking industries. In 1991, he
founded the Tampa CPA firm of Beard & Kingery (now Kingery and Crouse, CPA’s). In
1998, Mr. Beard founded EnviroCap, LLC and has since also founded and served as the
CEO of ABS Capital Group, LLC and Aegis Business Credit, LLC. Since 1998, these
companies have funded over $1 billion via factoring and asset based lending programs
generating over $30 million in profits and providing its investors a combined average
annualized return on equity in excess of 30%.
Mr. Anderson has a BS in Accountancy and a BA in Computer Science from Valparaiso
University, and attended the Program for Senior Financial Executives at Harvard Business
School. He is a Certified Public Accountant, and a member of the Construction Financial
Management Association.
Mr. Anderson will be actively involved in managing the construction of the subject property,
providing oversight and guidance relative to the budget and schedule.
STEVEN G. ANDERSON
Steven G. Anderson, Partner - Mr. Anderson has over 25 years experience in the finance and
construction/development industries. Prior to forming Aileron Capital Management, Mr.
Anderson was the CFO and Chief Risk Manager of Environmental Chemical Corporation
(ECC) (www.ecc.net), a Top 100 U.S. Defense construction and remediation contractor.
While at ECC, Mr. Anderson managed all financial and cost control activities, ensuring cost
compliance on all federal and private contracts. Before retiring from ECC, Mr. Anderson was
the project manager for Federal City New Orleans, a $150MM+ project that, when fully
developed, will consist of over 1,000,000 square feet of office space, 375,000 square feet of
retail, 350,000 square feet of civil/municipal buildings, 150 hotel rooms and 1,400 dwelling
units. Independent of his work at ECC and Aileron, Mr. Anderson has developed a number of
multi-family and mixed-use projects, including three projects that utilized New Market Tax
Credits and Historic Tax Credits for the redevelopment of dilapidated buildings in New
Orleans.
Mr. Nunner has a B.S. in Civil Engineering from the University of Cincinnatti, and resides in
Naples, Florida.
As it relates to the subject project, Mr. Nunner will be responsible for construction
management, which includes the following:
• Construction budget review
• Working with General Contractor in selecting subs and materials
• General construction oversight (budget and progress management)
• Review design scope and schedule
• Value engineering
• Preparation of monthly progress reports and inspections
JEFFREY NUNNER
Jeff Nunner, Construction Manager – Jeff Nunner is the construction manager for the
Channelside project. Mr. Nunner is a Civil Engineer and licensed Florida General Contractor.
During his career, Jeff has managed in excess of $900 million in construction and
development projects in Florida for clients including Toyota, BMW, Mazda, 5th/3rd Bank,
City Furniture, Ashley Furniture, Jaguar, Taco Bell, Dodge, Cleveland Clinic and Tenet
Healthcare.
Justin earned his J.D. from the Benjamin N. Cardozo School of Law and his B.A. from
Syracuse University. He is admitted to practice before the State and Federal Courts in New
York, the District Court for the State of Connecticut, and the Supreme and District Courts in
the U.S. Virgin Islands.
JUSTIN B. BLACKHALL
Justin B. Blackhall, General Counsel – Mr. Blackhall represents the legal affairs of Aileron
Capital Management in all facets of the company’s various business endeavors, including
due diligence, loan documentation, risk management, and loss mitigation. In his law
practice, Mr. Blackhall focuses on the representation of U.S. and international companies,
focusing on M&A, financing transactions, capital raising and general corporate compliance,
as well as U.S. and international tax planning, bankruptcy and related matters. Justin also
serves as counsel to U.S. and international financial institutions in asset-based lending,
structured finance and workout transactions with a special focus on representing lenders in
the SBA 504 first mortgage pool lending program. Justin’s international corporate and tax
experience focuses on creation and use of funds and companies in the U.S. and British
Virgin Islands as well as assisting U.S. businesses in qualifying for U.S. Virgin Islands
Economic Development Authority tax benefits.
`
AGENDA ITEM SUMMARY
DISTRICT: EFM
WARD: 1 & 2
SUBJECT: Review the status of the East Fort Myers Revitalization and
Redevelopment Plan recommendations and recommend that City Council approve
resetting the base year for the East Fort Myers.
ADVISORY BOARD RECOMMENDATION: Approve
MOTION: Review the status of the East Fort Myers Revitalization and Redevelopment
Plan recommendations and recommend that City Council approve resetting the base
year for the East Fort Myers Plan to the 2015 tax year value.
FUNDING SOURCE: Future millage generated by the East Fort Myers Redevelop Area
FISCAL IMPACT: Approval of this action by City Council will reduce the base year
value of East Fort Myers by $132,392,130. At the current City mil rate of 8.77 the City
would forfeit to the CRA approximately $1,150,000 per year once the values increase to
the original base year value.
WHAT ACTION ACCOMPLISHES: Provides an update on the implementation of the
East Fort Myers Plan Action Steps and resets the base year value.
BACKGROUND INFORMATION: On March 6, 2007 City Council adopted a Slum and
Blight Resolution for East Fort Myers designating the area eligible for the creation of a
Community Redevelopment Area and the use of tax increment financing. The
planning firm of Dover Kohl was hired by the City Community Development
Department to prepare a plan for the area. On May 21, 2007 City Council adopted
Resolution 2007-30 approving the East Fort Myers Revitalization and Redevelopment
Plan and a redevelopment trust fund was also established to capture any tax
increment from the area.
The East Fort Myers Plan contained 19 Action Steps. The attached chart summarizes
these action steps and the current status of each. The back-up also includes the
proposed site plan and cost estimate for Seminole Park which is Action Step #2.
The base year value for the East Fort Myers Area was $336,451,130. Unfortunately
this was the peak of the real estate boom and the taxable values quickly fell below the
base year. The current taxable value is $204,059,000 which is $132,392,130 below
the base year. In order for the East Fort Myers redevelopment area to generate any tax
increment to fund improvements in the area it would have to increase in value by over
$132 million. A draft ordinance Is attached should the Board elect to recommend that
City Council reset the base year.
Yes
Commissioner Brown
BOARD ACTION
Approved:
Denied:
Tabled:
Item Continued To:
No
East Fort Myers Action Plan Summary (ACTION STEPS )
STATUS
C=Complete
PC=Partially Complete
IC=Incomplete
C
PC
IC
The Land Development Code now requires developers to donate a
ten-foot-wide easement for a Riverwalk from the Royal Palm Yacht
Club to Billy's Creek. Additional segments will be constructed as a
boardwalk around the Oasis towers. Planning for this Riverwalk
should be extended east to the Tarpon Street Pier, with intermediate
connections at Superior and Freemont Streets.
#1 - PUBLIC
ACCESS ALONG
THE RIVER
(Caloosahatchee River)
Comprehensive Plan should be amended to establish general
● policy for public Riverwalk all the way from the Edison & Ford
x
Winter Estates to the Tarpon Street Pier
The Comprehensive Plan should be modified to allow the
Riverwalk extension or public esplanade east of Billy's Creek to
●
replace the standard requirement for an undisturbed nativevegetated buffer along the river.
x
The Land Development Code should be amended to provide
● specific requirements for extending the downtown Riverwalk over
x
time from Billy's Creek east to Tarpon Street
City officials should proceed promptly with its plans to create a new
park north of Palm Beach Boulevard in East Fort Myers.
The City should begin negotiations to acquire vacant land in one
● or both of the top-ranked sites south of Seminole Avenue and
x
east of Polk St.
#2 - SEMINOLE
AVENUE PARK
If land can be acquired, the city should prepare preliminary plans
to determine exactly which part of the site should be reserved for
●
the park and which part of the site should be reserved for private
development.
The developable portion of the site should be sold to a private
developer with suitable restrictions to ensure that Seminole
●
Avenue is completed and that housing faces the park to provide
continuing natural surveillance.
● The park portion of the site should be improved by the city or the
same developer who acquires the remainder of the site.
x
x
x
In order to reduce the urban heat island effect and restore habitat,
street trees should be planted along all streets within the study area.
#3 - PLANT STREET
TREES
● Use native species for all new street tree plantings.
●
In order to increase biodiversity use a wide variety of tree species
throughout the study area rather than a single species.
1 of 6
x
x
STATUS
C=Complete
IC=Incomplete
C
PC
State officials were overly zealous when designing the new median
barriers in Palm Beach Boulevard. City officials must press Florida
DOT to immediately reconfigure the medians.
#4 - PALM BEACH
BOULEVARD
MEDIANS
●
At least a half-dozen additional median openings can be added to allow
easier movement by motorist and to reduce the need for U-turns.
x
●
Some existing median openings can be opened further for allow
access to adjoining businesses.
x
U-turns are nearly impossible for larger vehicles where there are
● only four travel lanes; adjustments are needed at some locations
to allow more vehicles to make U-turns
Pedestrian crossings should be made more visible to pedestrians
● and motorists with a repeated theme such as clusters of small
trees and night-time lighting.
These changes should be designed and constructed within the
● next twelve months, after which the planned landscaping can be
installed.
x
x
x
Fort Myers should vigorously support a Lee County Transit Authority
#5 - CITY LEADERS to provide better public transportation through the county and
particularly in more urban areas
SHOULD
ENCOURAGE LEE
Fort Myers should push for the authority to levy a gasoline tax in
COUNTY IN
●
order to fund transit improvements
SUPPORTING
BETTER PUBLIC
Fort Myers should encourage the MPO and Florida DOT to make
TRANSPORTATION
● long-term arrangements to allow the existing rail line to also be
x
x
used for passenger service
City officials should incrementally construct missing links in the East
Fort Myers street network.
In most cases, rights-of-way already exist for these missing links.
Fort Myers officials should identify high priority missing links and
●
search for opportunities to construct them during the coming
#6 - CREATE
years.
MISSING STREET
x
LINKS
Where right-of-way does not yet exist but a connection is
needed, land should be acquired either through the platting
●
process at the time of development or through voluntary
acquisition in advance of development.
2 of 6
x
IC
STATUS
C=Complete
IC=Incomplete
C
PC
IC
Install sidewalks as recommended by Sidewalks in Fort Myers:
Toward a Community-Oriented Construction Policy. The
recommendation included in this previous study are still valid, but
should be expanded to include the following considerations:
#7 - BEGIN TO
COMPLETE THE
PEDESTRAIN
NETWORK
Construct new streets and sidewalks in order to reduce the
number of dead-ends in East Fort Myers, thereby increasing the
●
number of streets counted as part of the "effective network."
●
X
Eliminate the possibility of certain residents' opting out of
sidewalk improvement through petition.
x
Facilitate those residents who are not part of the "effective
network" to opt in by reducing percentages of petition signatures
●
that are currently required, or designate all dead-end streets are
part of the "future effective network."
#8 RESTORE THE
NATIVE
LANDSCAPE
ALONG BILLY'S
CREEK
x
● Expose native plants --such as Cabbage Palms (Sabal palmetto).
x
Plant mangroves and other native aquatic plants once Brazilian
Peppers (Schinus terebinthifolius) have been removed.
x
●
● Clean litter from mangrove root on a monthly basis.
Remove Australian Pines (Casuarinas equisetifolia). They are
harmful to the landscape because they compete with native
plants for nutrients and light. They inhibit biodiversity of the forest
●
floor by inhibiting the growth of understory plants. Australian
pines degrade habitat and are useless to native animals.
Construct boardwalks along some stretches of Billy's Creek and
at least one wooden bridge to link Shady Oaks Park on the north
●
side of Billy's Creek to Fort Myers Cemetery on the south side.
Once the native coastal forest has been successfully restored, City
Officials and residents must continue to maintain this fragile
ecosystem. Regular removal of pest plants and a monthly cleanup
of litter in the mangrove forests are essential to the health of Billy's
Creek. There are many benefits to keeping the mangrove roots clear
of rubbish. Such cleaning efforts help the food chain of the
Caloosahatchee River and the Gulf of Mexico, which begins in the
root of these and similar mangrove forests. Healthy roots contribute
to a healthy fishing industry and local economy. Also, ecotourism will
only be possible if a pristine coastal habitat is maintained.
3 of 6
x
x
x
STATUS
C=Complete
IC=Incomplete
C
The new Future Land Use Map being formulated for the City of Fort
Myers should be a primary implementation tool for this East Fort
Myers Plan.
A new designation, "Suburban Center," (T5) should identify the
● outer extent of future higher intensity nodes along Palm Beach
Boulevard.
Another new designation, "Suburban General," (T4) should be
applied between and behind these centers to encourage a
#9 - FUTURE LAND ●
greater mix of housing types with some compatible retail and
USE MAP
office uses.
Most existing A and A-1 property should be consolidate into a
● single "Residential Low-Density" (T3) designation to maintain the
existing character of these neighborhoods.
A new "Parks & Recreation" designation should be applied to
Riverside Park, Terry Park, Shady Oaks Park, the new Billy's
●
Creek filter marsh, and other existing and proposed parks on
public property
x
x
x
x
The Future Land Use Element should be amended to define these
new designations for the Future Land Use Map:
#10 - FUTURE LAND
"Suburban Center," to define future nodes of high-intensity land
USE ELEMENTS
●
uses along major roads.
"Suburban General," to define transitional zones within walking
●
distances of "Suburban Centers."
#11 - FLOOR-TOAREA RATIOS
x
x
The Future Land Use Elements should be modified to eliminate the
existing floor-to-lot-area ratio (FAR) cap of 1.0 for East Fort Myers.
The preferred method would be replacing the existing B-1 and B-2
designations as recommended in Action Step #9.
●
The Land Development Code should be modified to eliminate the
existing "building coverage" cap of 45% for East Fort Myers that
is contained in the existing CG and C1 zoning district regulations.
4 of 6
x
PC
IC
STATUS
C=Complete
IC=Incomplete
C
PC
The current wording of Action 5.3.3 of the future land use element
could be interpreted to require an amendment to the Comprehensive
Plan each time a neighborhood or special plan gets amended, which
would be an unnecessary impediment to the planning process. This
action should be reworded to resolve that concern and to make the
following additional changes:
#13 NEIGHBORHOOD
AND
REVITALIZATION
PLANS
Eliminate obsolete plans from the list (e.g. East Downtown
Neighborhood Plan) and remove obsolete planning boundaries
●
from the map (e.g., the hatched area between of Palm Beach
Boulevard and Billy's Creek on Map E).
x
● Provide the correct name for all plans that belong on this list.
x
Combine Maps E, E-1, and E-A so that a single map identifies all
● of the city's special planning areas consistent with the boundaries
x
in the plans listed in Action 5.3.3.
Clarify Action 5.3.2 to indicate that Map E is part of the Future
● Land Use Map series and these boundaries do not need to be
x
repeated on the main Future Land Use Map.
#14 - ENTERPRISE
ZONE MARKETING
The Enterprise Zone in East Fort Myers offers numerous
valuable benefits for ne homes and for certain businesses,
especially those employing residents in the Enterprise Zone.
Aggressive marketing is needed.
City staff and the new Enterprise Zone Board should assist the
Lee County Economic Development Office in aggressively
●
marketing Enterprise Zones to support job opportunities and
affordable housing.
x
Expand the number and variety of local businesses will make more
consumer choices available to local residents, offer more
opportunities for entrepreneurial activity, and retain more wealth in
the community. Business training and start-up facilities are important
for he launching and flourishing of local businesses.
#15 - SOUTHWEST
●
FLORIDA
ENTERPRISE
CENTER
The City should continue to support and publicize the
entrepreneurial assistance offered by the Southwest Florida
Enterprise Center and the FGCU-based Small Business
Development Center and the training opportunities of the HighTech center located on Michigan Avenue.
East Fort Myers will have a competitive advantage over its peer
communities in attracting new business if it is able to distinguish
itself as a leader in environmental entrepreneurship. In
● recognition of this fact, the Southwest Florida Enterprise Center
should begin training programs and business incubation in
renewable clean energy and other ecologically-oriented
businesses.
5 of 6
x
x
IC
STATUS
C=Complete
IC=Incomplete
● The recommendations of this plan however can and should be
considered when amending the Comprehensive Plan and Land
#16 - THE STATUS
Development Code.
OF CRA PLANS AS
REGULATORY
● The recommendations of this plan should also be considered by the
DOCUMENT
Planning Board and City Council when those bodies consider
C
x
x
discretionary development approvals such as rezoning request.
#17 - ADOPT THE
2008 EAST FORT
MYERS
REVITALIZATION
AND
REDEVELOPMENT
PLAN
PC
The City of Fort Myers should ensure that the community vision
recorded in this document is implemented by adopting the 2009 East
Fort Myers Revitalization and Redevelopment Plan as the new
redevelopment plan under Chapter 136, Part III. This document
expands on the recommendation starting in the former (2007)
version and provides more detailed implementation strategies.
x
The City and its Brownfield Advisory Board should facilitate the
Brownfield designation process for the tracks and surrounding
properties by:
Working with the Seminole Gulf Railway to establish near-term
rail improvements such as lighting and vegetation cleanup and
●
the long-term objective of restoring passenger rail service in Fort
#18 - BROWNFIED
Myers;
x
STATUS
●
Working with private property owners adjacent to the railroad
tracks to encourage commercial and residential redevelopment in
concert with the plan;
x
●
Follow designation by the City Council, owners of these
Brownfield properties will be eligible for a variety of economic
incentives to implement plan recommendations.
x
#19 - HOUSING AND
East Fort Myers should remain a priority area for the City's use of funds from the
ECONOMIC
Neighborhood Stabilization Program. (Almost all of East Fort Myers does not
RECOVERY ACT OF
qualify--not included in Neighborhood Stabalization Program) .
2008
6 of 6
IC
AGENDA ITEM SUMMARY
DISTRICT: CL
WARD: 3, 4, 5
SUBJECT: Proposal from Stantec Consulting Services to assist with implementation
of recommendations from the 2010 Cleveland Avenue Redevelopment Plan
MANAGEMENT RECOMMENDATION: Approve
MOTION: Approve proposal from Stantec Consulting Services to assist with
implementation of recommendations from the 2010 Cleveland Avenue Redevelopment
Plan; and Authorize Chairman Streets to sign the proposal on behalf of the Community
Redevelopment Agency Board.
FUNDING SOURCE: 141-5151-559-3100
FISCAL IMPACT: $22,500
WHAT ACTION ACCOMPLISHES: Provides the opportunity for the Board to review,
comment and potentially approve the proposed scope for Cleveland Avenue
BACKGROUND INFORMATION: During the April 27, 2016 Community
Redevelopment Area (CRA) meeting, a discussion of capital projects within Cleveland
Redevelopment Sub-Area 4 evolved from two specific capital projects into a broader
discussion that touched on Cleveland Avenue, Palm Beach Boulevard and Dr. M.L.K.
Jr. Boulevard. At the direction of the Board, Commissioner Michael Flanders met with
Don Paight, Leigh Scrabis and Jared Beck, Stantec Consulting Services, to discuss the
scope to be provided by Stantec. The conversation included a variety of topics such as
landscaped medians, gateways, signage, marketing and other small projects which
could enhance the aesthetics and create that sense of “place” that not only makes the
trip along the commercial corridor into downtown a pleasure but that also draws
people to the businesses along the Cleveland corridor.
Attached is a proposal from Stantec which lists a series of steps to evaluate the 2010
Cleveland Avenue Redevelopment Plan and develop a variety of implementation
tasks/projects designed to further the CRA’s efforts revitalization efforts. In order to
show progress more quickly, these steps have been separated into four phases. Task
220, whose title is highlighted in orange, defines some short term objectives that
address the Board’s immediate concerns surrounding medians and gateways. This
phase also incorporates neighborhood outreach and collaboration with City
departments such as Code and Police in order to develop and prioritize a work plan for
the corridor based on conditions existing in 2016.
Yes
Leigh Scrabis
BOARD ACTION
Approved:
Denied:
Tabled:
Item Continued To:
No
Stantec Consulting Services, Inc.
3200 Bailey Lane, Suite 200
Naples, FL 34105
May 18, 2016
Leigh Scrabis
Deputy Director
Fort Myers Community Redevelopment Agency
1400 Jackson Street
Subject: Cleveland Avenue Redevelopment Plan
Dear Leigh:
Stantec would be pleased to provide our services as requested related to
implementation of the Cleveland Avenue Redevelopment Plan. We have outlined four
general phases with individual task items related to each that summarizes discussions
we have had, and as we understand direction from the CRA Commission to be:
Task 210 – Evaluation – Future Phase




Plan review & current recommended Updates
Community Input & Review
Community/CRA/City Prioritization of short and long term goals
and objectives
Draft modifications to the 2010 Cleveland Avenue Plan
Fee
Type
Amount
Fixed
$22,500
Task 220 – Short Term Objectives 1 - Current






Corridor gateway unified general design guides & locations
(prototype signage, landscape, lighting, etc.)
Review and assess/or revise existing Cleveland Avenue
conceptual median landscape plan
Existing signage review & evaluation (current code compliance
and enforcement, use, condition, etc.)
Identify opportunities and develop strategies for collaboration
on community policing and code enforcement participation
Neighborhood outreach (limited to community meetings at this
phase and preparation of)
Development of façade and landscape grant design criteria
and application, solicitation, and awarding process
V:\2157\administration\studio\jared-beck\FortMyers\Cleveland Avenue Redevelopment Plan
Attention: Ms. Leigh Scrabis
Page 2
Reference:
Task 230 – Short Term Objectives 2 – Future Phase





Prototype right-of-way landscape, furnishing, and lighting
design
Refinement of façade and landscape grant design criteria for
future implementation as corridor wide design guidelines
Create implementation program which applies traditional
“Main Street” principles to existing commercial corridors
(association/advisory entity, business tracking & monitoring,
community programming, etc.)
Collaboration on Florida Redevelopment Association (FRA)
applications and presentations
Community visioning/marketing/promotional development
Fee
Type
Amount
Fee
Type
Amount
Fixed
$
Task 240 – Short/Long Term/On-going – Future Phase




Identification alternative funding sources and potential
partnerships
Incentive package development
Targeted incentive outreach
Re-evaluation/implementation of “concierge” service
TOTAL
v:\2157\administration\studio\jared-beck\fort myers\cra\cleveland avenue plan proposal.docx
Page 3
Reference:
GENERAL CONDITIONS AND UNDERSTANDINGS
1. The professional services that Stantec will provide under this Proposal/Agreement
include, and are limited to, those described above in the SCOPE OF SERVICES AND
FEES section. All other services are specifically excluded.
2. The scope of this proposal is based on Stantec’s understanding of the current rules,
regulations, and ordinances in effect on the date of this document. Interpretations
of these standards may affect the scope and fees of Stantec’s services, and may
require adjustments to delete, decrease, or increase.
3. The scope of this proposal does not include any permitting services.
4. This proposal is open for acceptance by Client through 30 days, after which it will be
withdrawn by Stantec and may be subject to re-negotiation.
Please note that our services will be billed in accordance with the Business Terms and
Conditions on file with the City. If this budget meets with your approval, please sign
below and return a copy of this letter to my attention. We will commence work on this
project upon your signed authorization.
Stantec thanks you for the opportunity to provide professional services for the project.
As discussed, each phase is intended to provide progressive advancement of the
overall corridor revitalization. Task items identified under each phase are understood to
be general objectives and may vary once working within the community. The depth of
each task item will also retain flexibility as needed to best achieve the overall phase
objectives. If you have any questions or require additional information, please contact
me.
Sincerely,
Stantec Consulting Services Inc.
Page 4
Reference:
Leigh Scrabis
Deputy Director
1400 Jackson Street
Attachments: Standard Terms and Conditions
I hereby authorize the amount of ______________ for Task 220, Short Term Objectives – 1.
Leigh Scrabis
Deputy Director
1400 Jackson Street
BY:
[Print Name]
[Title]
[Date]
AGENDA ITEM SUMMARY
DISTRICT: DT
WARD: 4
SUBJECT: Association Updates: Downtown Neighborhood Association, Downtown
Property Owner’s Association and River District Alliance.
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides the opportunity for the Downtown
Neighborhood Association (DNA), Downtown Property Owners Association (DPOA)
and/or the River District Alliance (RDA) to keep the Board apprised of their activities.
Any updates from the DNA, RDA or DPOA will be provided during the meeting.
Yes
Don Paight
BOARD ACTION
Approved:
Denied:
Tabled:
Item Continued To:
No
AGENDA ITEM SUMMARY
DISTRICT: All
WARD: All
SUBJECT: Project Updates
MOTION: N/A
FUNDING SOURCE: N/A
FISCAL IMPACT: N/A
WHAT ACTION ACCOMPLISHES: Provides an update to the Board on current projects
and programs.
Any updates for projects located within one of the redevelopment districts will be
presented during the meeting.
Yes
Don Paight
BOARD ACTION
Approved:
Denied:
Tabled:
Item Continued To:
No

May 25, 2016 - City of Fort Myers

Transcription

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