City ofAuburndale AUBURNDALE, FLORIDA 33823  Office of the City Manager  P.O. Box 186 (863). 965-5530  Email: mo@aubumdaletl.com  COMMUNITY REDEVELOPMENT AGENCY MEETING MONDAY, August 19, 2024-7:30 PM COMMISSION ROOM/CITY HALL  CALL TO ORDER - Tim Pospichal, Chair ROLL CALL - Amy Palmer, Assistant City Manager APPROVE CRA MINUTES - Regular Meeting - 6/17/2024 ANNOUNCEMENTS - Amy Palmer, Assistant City Manager REQUEST TO ADD ADDITIONAL ITEMSTO AGENDA- REQUEST FROMTHE GENERAL PUBLIC-  AGENDA  1. APPROVAL OF PROPOSED BUDGETS FOR FY 24/25 AND FY: 25/26  Ref. F.S. 286: If an individual decides to appeal any decision made by the City Commission with respect to this meeting, a verbatim transcript may be requested. If so,. the individual should make provision for a transcript to be made at the meeting. Persons with disabilities needing special accommodations to participate in this proceeding should contact the City Clerk no later than five  days prior to the proceeding at 968-5133.    Community Redevelopment Agency Meeting  August 19, 2024  AGENDA ITEM1 1: APPROVAL OF PROPOSED BUDGETS FOR FY 24/25 AND FY 25/26  INFORMATION ONLY XACTION REQUESTED  ISSUE: The Community Redevelopment Agency (CRA) Board will be presented the proposed FY 24/25 and  FY25/26 CRA Budgets for approval.  ATTACHMENTS:  Proposed FY 24/25 and 25/26 CRA Budgets  ANALYSIS: The proposed FY 24/25 and FY 25/26 Budgets being presented at this time reflect the proposed CIP projects in the first two years oft the five-year CIP that was presented at the CRA's last meeting In addition to general operational expenses, the proposed FY 24/25 Budget provides CRA funding for the  on May 20, 2024.  following CIP approved projects:  $1,000,000 for Undergrounding Utilities around Lake Stella $150,000 for the US Hwy 92 Commercial Corridor Plan  $500,000 for Splash Pad Reserves  The $1,000,000 for undergrounding Utilities around Lake Stella would bury all overhead utilities on Main Street starting near the Baynard House and going north around Lake Stella, stopping at Sesquachita Ave. In addition to general operational expenses, the proposed FY 25/26 Budget provides CRA funding for the  $500,000 for the Splash Pad Reserves is the first of two years of reserves for that project.  following CIP approved projects:  $1,000,000 for Splash Pad Reserves and to start designing the Splash Pad  $500,000 for Main Street Streetscape Reserves  $1,000,000 for the Splash Pad Reserves would represent the second year of building reserves for a total of $1.5 million in reserves and the ability to construct the Splash Pad in FY 26/27. $500,000 for Main Street Streetscape Reserves represents the first year of building reserves for the construction of a new streetscape Since the budget was last presented in May, FY 24/25 revenue now shows $1,300,000 in carry over funds from prior year, and an expense of $1,300,000 for the Streetscape of Howard and Palmetto Street. This The proposed FY 24/25 and FY 25/26 CRA Budgets for expenses and revenues are balanced. If approved by the CRA Board, the CRA Budgets will be included with the City's Annual Budget and presented at Public  on Main Street.  project was unable to be completed in FY 23/24 and will carry-forward into FY 24/25.  Hearings in September.  STAFF RECOMMENDATION: Approval of the FY 24/25 and FY25/26 CRA Budgets.