JUPITER COMMUNITY REDEVELOPMENT AGENCY PROPOSED OPERATING & CIP BUDGET

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1 JUPITER COMMUNITY REDEVELOPMENT AGENCY PROPOSED OPERATING & CIP BUDGET TODD R. WODRASKA Chairperson WAYNE POSNER Vice - Chair JAMES KURETSKI Commissioner ILAN KAUFER Commissioner RON DELANEY Commissioner LORI BONINO Interim Executive Director

2 REVENUES: 7/30/2017 Revised YTD Proposed Taxes - Current Ad Valorem County ( mills) $ 1,188,594 1,186,693 $ 1,278,373 Town( & 2018) 612, , ,583 1,800,926 1,798,045 1,936,957 Developer Contributions 1,884, ,000 Parking lot license revenue 91,200 81,435 90,036 Events Plaza Rental 3,500 3,000 2,000 JYC Boat Slip Lease Interest on investments 1, ,000 FIND Grant 500, FDOT Grant 63, Utilization of CRA Fund Balance & GF Loan 3,520,187-1,414,908 EXPENDITURES: JUPITER COMMUNITY REDEVELOPMENT AGENCY SUMMARY OF PROPOSED BUDGET FISCAL YEAR TOTAL REVENUES $ 7,864,362 1,883,339 $ 4,054,901 Salaries / Fringe Benefits $ 204, ,195 $ 215,765 Operating Expenses 1,007, ,852 1,017,505 Community Investment Program : Burt Reynolds Park Bridge 1,078, Oxbow Switchback Indiantown Rd East of US 1 A1A Jupiter Beach Road - US#1 - Inlet Village Marina Park Improvements - 50,000 Inlet Village Roadways - 588,114 Parkway Street Surface Lot - Riverwalk Under US #1 Bridge Lagoon Bridge Repairs - 275,000 Lighthouse Promenade - 1,110,000 Love Street Public Parking Lot Improvements - 44,250 Mural at Plaza Down Under on the Riverwalk - 50,000 Riverwalk Connection - Burt Reynolds/Cham 50,000-95,000 Piatt Place Assessment CIP Carryforwards 5,008,205 76,584 - Loan Repayments GF & CIP (Principal) 277, , ,515 Interest Payments to GF & CIP 237, , ,752 TOTAL EXPENDITURES $ 7,864, ,928 $ 4,054,901 1

3 JUPITER COMMUNITY REDEVELOPMENT AGENCY SUMMARY OF PROPOSED EXPENDITURES FISCAL YEAR Actual Revised Proposed A/C No. Description FY 2016 FY 2017 FY Regular Salaries 161, , ,331 Subtotal 161, , , F.I.C.A. 11,803 12,143 12, Pension - F.R.S. 11,695 12,409 13, Life/health insurance 15,209 15,203 14, Workers' compensation Subtotal 38,949 40,023 42, Professional services 16,114 91,736 91, Town Attorney 41,060 45,900 45, Other Contractual Services - 96,200 96, Employee Health Clinic Travel and per diem 105 1,040 1, Communication 44 1,130 1, Postage & freight Utilities (Riverwalk & A1A) 8,147 10,000 10, Insurance (CRA) 2,735 2,754 6, Repairs & maintenance 13,027 75,600 39, Vehicle r & m (shared) Grounds maintenance 51, , , Printing & binding Promotional activities 9,031 22,500 21, Business Grants , Other current charges Legal advertisements Event Reg Fee - Paypal Office supplies Operating supplies Gas, oil & lube Books, dues, etc Pyt to GF - PD Services 300, , , TIFF Pyt - Harbourside - 255, ,000 Subtotal 443,705 1,007,584 1,017,505 C-I-P projects 2,850,642 6,136,705 2,212,364 Trf to GF Subtotal 2,850,642 6,136,705 2,212, Interest - TOJ Debt 168, , , Repayment to Town 100, , ,515 Fund balance - - Subtotal 268, , ,267 TOTAL $ 3,762,631 $ 7,864,362 $ 4,054,901 2

4 TOWN OF JUPITER CRA Project Description Pg Total Indiantown Rd./US1 to Ocean Blvd. (A1A) Roadway Improvements ,074,173 4,302,427 5,376,600 Inlet Village Marina Park Improvements 6 50, , ,052 Inlet Village Roadways 8 588, , ,176,228 Lagoon Bridge - repairs , ,000 Lighthouse Promenade 12 1,110, ,110,000 Love Street Public Parking Lot Improvements 14 44, , ,632 Mural at Plaza Down Under on the Riverwalk 16 50, ,000 Riverwalk Connection at Burt Reynolds Park West 18 95, ,000 TOTAL 2,212,364 1,310, ,052 1,074,173 4,302,427 9,345,512 Project Funding Total CRA General Revenues 1,602, , , ,561 3,727,473 General Fund Loan ,455,683 2,455,683 Grants : FDOT Grant ,074,173 1,028,183 2,102,356 Business Contributions - 450, ,000 Developer Contribution 610, ,000 TOTAL 2,212,364 1,310, ,052 1,074,173 4,302,427 9,345,512 3

5 TOWN OF JUPITER Strategic Result: Safety, Mobility, Strong Local Economy, Department : CRA/Engineering Small Town Feel Project No. : C1601 Project Name : Indiantown Rd./US1 to Ocean Blvd. Year(s) : (A1A) Roadway Improvements Projected In-Service Date : 2022 Project Description : Funding to develop a comprehensive roadway improvement plan that will incorporate lower road speed, bike and pedestrians facilities including crosswalks, signage, lighting, median landscape/irrigation and street trees as appropriate. Link to Strategic Plan : Strong Local Economy - Accessibility by foot, bike and electric cabs encourages use of local businesses to Buy Local/Shop Local Mobility - Additional transportation methods - Bike lanes - Pedestrian friendly community Unique, Small Town Feel - Active outdoor lifestyle - Community activities Safety - Roadway and parking lot safety for motorists, cyclists, pedestrians Need, Justification, Benefits : This section of road is a gateway to the beaches and Inlet Village. Currently this is a 45mph roadway section with an expanded intersection at US1 with bike lanes on approximately 50% of the road. Bike lanes end at the east end of Publix. No crosswalk exists to allow Ocean Parks residents to safely access Publix, businesses, etc. in Jupiter Square Shoppes.The access and safety for pedestrians and cyclists could be greatly improved by reducing the speed of the roadway and introducing continuous bike lanes, pedestrian crosswalks, center landscape medians including safe refuge for pedestrians, bike/ped signals, etc. Location & Area Map Project Photo Comments: Staff submitted an application for the grant funding through the MPO and is awaiting the selection decision. Please note that rule changes require that the FDOT manage the constructrion of a grant funded project. Funding for construction would be in This project also addreses the Strategic Initiative for Enhancing the Gateways to the Inlet Village. 4

6 TOWN OF JUPITER FINANCIAL INFORMATION Indiantown Rd./US1 to Ocean Blvd. (A1A) Roadway Project Name : Strategic Result : Department : Improvements Safety, Mobility, Strong local economy, Small town feel CRA Project No. C1601 After Total Project Budget : Land acquisition $ - Planning / Design $ 64,700 $ 64,700 Engineering $ 1,074,173 $ 1,074,173 Construction $ 4,302,427 $ 4,302,427 Equipment $ - Other $ - Total Budget $ 64,700 $ - $ - $ - $ 1,074,173 $ 4,302,427 $ - $ 5,441,300 Funding Sources : CRA Funding $ 64,700 $ 818,561 $883,261 General revenues $ 2,455,683 $ 2,455,683 Impact fees $ - Grant revenues $ 1,074,173 $ 1,028,183 $ 2,102,356 Stormwater $ - Water R & R funds $ - Fund balance $ - Total Revenues $ 64,700 $ - $ - $ - $ 1,074,173 $ 4,302,427 $ - $ 5,441,300 Operating : $ - Personnel $ - Operating $ - Capital $ - Other Total Operating $ - $ - $ - $ - $ - $ - $ - $ - PREVIOUS YEARS FINANCIAL ACTIVITY FY2013 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Total Amount Budgeted $ - $ - $ - $ - $ 64,700 $ - $ 64,700 Amount Expended $ - $ - $ - $ - $ 64,700 $ - $ 64,700 Balance $0 5

7 JUPITER COMMUNITY REDEVELOPMENT AGENCY Strategic Result: Unique Small Town Feel, Green, Blue Department : CRA and Open Spaces, Manage Growth Project No. : New Project Name : Year(s) : 2018 Inlet Village Marina Park Improvements Projected In-Service Date : 2019 Project Description : The proposed improvements and budget for this project includes: a minimal amount of parking to serve the Park along with required ADA spaces, paved drop off area, lighting, sidewalks, handrails, lighting, landscape, irrigation, signage, vehicle stop bollards, etc. Link to Strategic Plan : Unique, Small Town Feel- Provides a waterfront location for recreational activities including boating, paddle boarding, water taxi access and a special gathering space. Green, Blue and Open Spaces- Provides an access point to the waterways throughout the Town s Blueways. Manage Growth Public ownership of this parcel and use as a park will reduce the amount of development within the Inlet Village as well as the traffic generated by the parcel had it been privately owned and developed. Need, Justification, Benefits : Responding to concerns of maintaining open space in the Inlet Village, the CRA Commission directed staff to provide the necessary improvements to operate and maintain the parcel as a waterfront park. Location & Area Map Project Photo Comments : As discussed with the CRA Commission, the CRA Staff has received calls regarding renting the property for individual party events, (weddings, birthdays, graduations, etc.), therefore, the concept design is to leave the center area open to allow for tents. Revenues received for the rentals would be used to reimburse the capital cost for the park improvements and ongoing maintenance costs. 6

8 JUPITER COMMUNITY REDEVELOPMENT AGENCY FINANCIAL INFORMATION Project Name : Inlet Village Marina Park Improvements Project No. New Strategic Result : Department : Unique Small Town Feel, Green, Blue and Open Spaces, Manage Growth CRA After Total Project Budget : Land acquisition $ - Planning / Design $ 50,000 $ 50,000 Engineering $ - Construction $ - Equipment $ - Other $ 446,052 $ 446,052 Total Budget $ - $ 50,000 $ - $ 446,052 $ - $ - $ - $ 496,052 Funding Sources : General revenues $ 50,000 $ 446,052 $ 496,052 Impact fees $ - Grant revenues $ - Stormwater $ - Water R & R funds $ - Fund balance $ - Total Revenues $ - $ 50,000 $ - $ 446,052 $ - $ - $ - $ 496,052 Operating : Personnel $ - Operating: Grounds & irrigation Maint. $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 12,000 Capital $ - Other $ - Total Operating $ - $ - $ - $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 12,000 PREVIOUS YEARS FINANCIAL ACTIVITY FY 2013 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Total Amount Budgeted $ - Amount Expended $ - NOTE: Add alternate if desired shared parking with neighboring parcel $21,003. 7

9 JUPITER COMMUNITY REDEVELOPMENT AGENCY Strategic Priority : Department : CRA/Engineering Unique, Small Town Feel Project No. : C0028 Project Name : Year(s) : Inlet Village Roadway Network Projected In-Service Date : TBD Project Description : Possible reconstruction of portions of Love, Yarborough, Parkway, Saturn, Clemons Streets and other roadway improvements. Funding is being allocated towards the construction or reconstruction of Town right of ways within the Inlet Village to accommodate improved LOS, intersection improvements, pedestrian activities, amenities, street trees, lights, appropriate signage, etc. Link to Strategic Plan : Unique, Small Town Feel Need, Justification, Benefits : To encourage lower intensity development patterns in the Inlet Village, the CRA will allocate funding to implement right of way improvements on Town owned right of ways. Location & Area Map Project Photo (Parkway Street example) Comments : Considering a Roundabout at the intersection of Jupiter Beach Road and A1A. 8

10 JUPITER COMMUNITY REDEVELOPMENT AGENCY FINANCIAL INFORMATION Project Name : Inlet Village Roadway Network Project No. C0028 Strategic Priority : Department : Unique, Small Town Feel CRA/Engineering After Total Project Budget : Land acquisition $0 Planning / Design $31,000 $31,000 Engineering $208,188 $208,188 Construction $1,645,000 $588,114 $588,114 $2,821,228 Equipment Other Total Budget $1,884,188 $588,114 $588,114 $0 $0 $0 $0 $3,060,416 Funding Sources : CRA Revenues $239,188 $588,114 $588,114 $1,415,416 Impact fees Grant revenues Stormwater Water R & R funds Developer Contributions $1,645,000 $1,645,000 Total Revenues $1,884,188 $588,114 $588,114 $0 $0 $0 $0 $3,060,416 Operating : Personnel $0 Operating $0 Capital $0 Other $0 Total Operating $0 $0 $0 $0 $0 $0 $0 $0 PREVIOUS YEARS FINANCIAL ACTIVITY FY 2013 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Total Amount Budgeted $239,188 $ - $ - $ - $1,645,000 $ - $ 1,884,188 Amount Expended $ - $ - $ - $ - $ - $ - $ - 6/7/2017 Balance $ 1,884,188 9

11 TOWN OF JUPITER Strategic Priority : Department : Engineering Unique, Small Town Feel Project No. : C1501 Project Name : Year(s) : Lagoon Bridge Expansion Joint Repairs & Preservative Coating Projected In-Service Date : 2018 Project Description : This project will provide concrete preservation and joint repairs to the Riverwalk Lagoon Bridge which has experienced expansion joint cracking since the project's completion in Link to Strategic Plan : Unique, Small Town Feel Need, Justification, Benefits : This project is needed in order to prevent additional corrosion to the rebar within the expansion joints and closure pours of the bridge. Without these repairs, these areas within the structure will experience accelerated corrosion and deterioration. Providing a penetrant sealer and refinishing the exposed surfaces will slow the corrosion and deteriotation of the structure. Location & Area Map Project Photo Comments : The scope of work in FY 2015 included, demolition of spalled concrete, concrete repairs, high strength epoxy crack sealing, removal and replacement of rebar, painting, and restoration of the specialty finishes on the walking deck. The second phase of this project in FY 2018 includes a penetrant sealer on the underside of the structure, refinishing the existing deck and Class V finish on both bridge structures (Lagoon Bridge and Riverplaza). 10

12 TOWN OF JUPITER FINANCIAL INFORMATION Project Name : Lagoon Bridge Expansion Joint Repairs & Preservative Coating Project No. C1501 Strategic Priority : Jupiter as a Unique, Livable Community Department : Engineering After Total Project Budget : Land acquisition $ - Planning / Design $ - Engineering $ - Construction $ 75,000 $ 275,000 $ 350,000 Equipment $ - Other $ - Total Budget $ 75,000 $ 275,000 $ - $ - $ - $ - $ - $ 350,000 Funding Sources : CRA General Revenues $ 75,000 $ 275,000 $ 350,000 Impact fees $ - Grant revenues $ - Stormwater $ - Water R & R funds $ - Fund balance $ - Total Revenues $ 75,000 $ 275,000 $ - $ - $ - $ - $ - $ 350,000 Operating : Personnel $ - Operating $ - Capital $ - Other $ - Total Operating $ - $ - $ - $ - $ - $ - $ - $ - PREVIOUS YEARS FINANCIAL ACTIVITY FY 2013 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Total Amount Budgeted $ - $ - $ - $ 75,000 $ - $ - $ 75,000 Amount Expended $ - $ - $ - $ 50,605 $ - $ - $ 50,605 6/7/2017 Balance $ 24,395 11

13 JUPITER COMMUNITY REDEVELOPMENT AGENCY Strategic Result:Mobility, Manage Growth, Unique Small Department : CRA/Engineering Town Feel, Green, Blue and Open Spaces Project No. : C0010 Project Name : Year(s) : Lighthouse Promenade Projected In-Service Date : 2019/2020 Project Description : Lighthouse Promenade- Upon completion, this road will not only address and improve traffic flow in the commercial core area of the Inlet Village, it will provide public access to the Riverwalk, a major vista of the Historic Jupiter Lighthouse, and public access to the the beach and gathering areas proposed by the Modica project. The roadway design includes the following: a link of the master storm drainage system, approx. 700lf. of new roadway, curbing, sidewalks, street trees, street lights, etc. The improvements will be designed and constructed by Modica as part of their project and the CRA is anticipating providing funding of up to 50% of the construction cost. Link to Strategic Plan : Mobility Manage Growth Unique Small Town Feel Green, Blue and Open Spaces Need, Justification, Benefits : This project, which is anticipated to be jointly funded by the CRA and the adjacent property owner, is a critical component of the CRA/Town's traffic and storm water management plans and providing public access to the Riverwalk, waterfront and the vista of the Jupiter Lighthouse. Location & Area Map Project Photo Comments : This project is dependent on the development of the Love Street Lighthouse Promenade projects. 12

14 JUPITER COMMUNITY REDEVELOPMENT AGENCY FINANCIAL INFORMATION Project Name : Lighthouse Promenade Project No. C0010 Strategic PResult: Department : Mobility, Manage Growth, Unique Small Town Feel, Green, Blue and Open Spaces CRA/Engineering After Total Project Budget : Land acquisition $ - Planning / Design $ 10,000 $ 10,000 EngineerinModica $ 110,000 $ 110,000 Construction $ 1,000,000 $ 1,000,000 Equipment $ - Other * $ - Total Budget $ 10,000 $ 1,110,000 $ - $ - $ - $ - $ - $ 1,120,000 Funding Sources : $ - CRA Revenues $ 10, ,000 $ 510,000 Impact fees $ - Grant - FIND $ - Stormwater $ - Water R & R funds $ - Developer Contrib.** $ 610,000 $ 610,000 $ - Total Revenues $ 10,000 $ 1,110,000 $ - $ - $ - $ - $ - $ 1,120,000 Operating : Personnel $ - Operating $ - Capital $ - Other $ - Total Operating $ - $ - $ - $ - $ - $ - $ - PREVIOUS YEARS FINANCIAL ACTIVITY FY 2013 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Total Amount Budgeted $ 10,000 $ - $ - $ - $ - $ - $ 10,000 Amount Expended $ 1,250 $ - $ - $ - $ - $ - $ 1,250 Balance $8,750 NOTE: * Engineer soft cost for project oversight NOTE: ** Staff has recommended that the developer of the Love St. Waterfront Restaurant design, construct and fund the improvements and the CRA will pay it's fair share of the project as determined by the CRA Commission. 13

15 JUPITER COMMUNITY REDEVELOPMENT AGENCY Strategic Result: Mobility, Unique Small Town Feel, Department : CRA Manage Growth, Strong Local Economy Project No. : New Project Name : Year(s) : 2018 Love Street Public Parkiing Lot Improvements Projected In-Service Date : 2019 Project Description : The proposed improvements and budget for this project includes: Required minimum lighting, landscape islands, landscape shrub, trees/palms, irrigation, parking stops, sealcoat, striping, signage, etc. The plan also includes an ingress/egress connection to Lighthouse Promenade anticipated to be installed 2019/2020 Link to Strategic Plan : Unique, Small Town Feel Mobility - Effective parking management Manage Growth Strong Local Economy Need, Justification, Benefits : The CRA Commission directed staff to develop a parking lot improvement plan and budget to bring the existing Love St. temporary parking lot up to conformance with Town code. This is for the transition of the temporary parking lot to a permanent public parking lot. Staff is anticipating the surrounding businesses who currently hold Parking License Agreements, to participate in the cost of the improvements in exchange for a long-term Licensing Agreement. Location & Area Map Project Photo Comments : Two add alternate cost amounts have been added for consideration. These alternates are suggested for reduction of "heat islands". First, is to replace the existing asphalt with concrete, estimated cost = $541,144. Second, is to apply a heat reduction coating to the asphalt surface, estimated cost = $39,

16 JUPITER COMMUNITY REDEVELOPMENT AGENCY FINANCIAL INFORMATION Project Name : Love Street Public Parkiing Lot Improvements Project No. New Strategic Result : Department : Mobility, Unique Small Town Feel, Manage Growth, Strong Local Economy CRA After Total Project Budget : Land acquisition $ - Planning / Design $ - Engineering $ 44,250 $ 44,250 Construction $ 722,382 $ 722,382 Equipment $ - Other $ - Total Budget $ - $ 44,250 $ 722,382 $ - $ - $ - $ - $ 766,632 Funding Sources : CRA Revenues $ 44,250 $ 272,382 $ 316,632 Business Contrib. ** $ 450,000 $ 450,000 Grant revenues $ - Stormwater $ - Water R & R funds $ - Fund balance $ - Total Revenues $ - $ 44,250 $ 722,382 $ - $ - $ - $ - $ 766,632 Operating : Personnel $ - Operating-Maint. of landscape/irrigation $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 48,000 Capital $ - Other $ - Total Operating $ - $ - $ - $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 48,000 PREVIOUS YEARS FINANCIAL ACTIVITY FY 2013 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Total Amount Budgeted $ - Amount Expended $ - ** Staff suggest that Guanabanas and Castaways reimburse $450,000 of the cost of the improvements in exchange for a multi-year Parking License Agreement. A draft agreement identifying terms and stipulations would be presented to the Commission for consideration and direction 15

17 JUPITER COMMUNITY REDEVELOPMENT AGENCY Strategic Result: Strong Local Economy, Green, Blue and Department : CRA Open Spaces, Unique Small Town Feel Project No. : New Project Name : Year(s) : 2017/2018 Mural at Plaza Down Under on the Riverwalk Projected In-Service Date : 2019 Project Description : Provide a historic and/or environmentally themed mural on the bridge embankment wall. Link to Strategic Plan : Strong Local Economy - Support local businesses. Have a "Call to Artist" for local artists to submit credentials, sample art, themed ideas, budget, experience and schedule for implementation. Green, Blue and Open Spaces - Beautification of Parks Unique Small Town Feel - Promotes culture, aesthetics and civic pride to a highly visible public space along the Riverwalk. Need, Justification, Benefits : This is a project originally planned for the area under bridge in the early 2000's, but not implemented due to budget constraints. The project has been brought up again by some residents who are requesting the Town implement art in public places. Location & Area Map Project Photo Comments : This project was initiated by a resident artist in the community. When the Riverwalk Events Plaza, (Plaza Down Under), was originally designed, a mural was in the budget as a project. Due to the limited budget, it was removed from the contract prior to the project completion. 16

18 JUPITER COMMUNITY REDEVELOPMENT AGENCY FINANCIAL INFORMATION Project Name : Mural at Plaza Down Under on the Riverwalk Project No. New Strategic Result : Unique Small Town Feel Department : CRA After Total Project Budget : Land acquisition $ - Planning / Design $ - Engineering $ - Construction $ 50,000 $ 50,000 Equipment $ - Other $ - Total Budget $ - $ 50,000 $ - $ - $ - $ - $ - $ 50,000 Funding Sources : CRA Revenues $ 50,000 $ 50,000 Impact fees $ - Grant revenues $ - Stormwater $ - Water R & R funds $ - Fund balance $ - Total Revenues $ - $ 50,000 $ - $ - $ - $ - $ - $ 50,000 Operating : Personnel $ - Operating $ - Capital $ - Other $ - Total Operating $ - $ - $ - $ - $ - $ - $ - $ - PREVIOUS YEARS FINANCIAL ACTIVITY FY 2013 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Total Amount Budgeted $ - Amount Expended $ - 17

19 Link to Strategic Plan : Unique Small Town Feel JUPITER COMMUNITY REDEVELOPMENT AGENCY Strategic Result : Department : CRA/Engineering Unique Small Town Feel Project No. : C1701 Project Name : Year(s) : Riverwalk connection at the Chambers/Burt Reynolds Park west Projected In-Service Date : 2018 Project Description: Construction of an ADA compliant pedestrian access connection from US Highway 1, down to Burt Reynolds Park west. This pedestrian connection will tie into an existing pedestrian access facility currently located under the northern US1 oxbow bridge which connects the Burt Reynolds east and west park. Need, Justification, Benefits : This connection will allow direct access from the US1 pedestrian sidewalk, down to the park and under the northern most oxbow bridge to go east to the future Riverwalk bike/ped. bridge at Burt Reynold s east. This connection will provide a more direct (though less scenic) route for pedestrians to ultimately access the Riverwalk bridge to be constructed at Burt Reynolds Park west. Palm Beach County Parks and Recreation has agreed to work with staff to implement the connection to the park. Location & Area Map Project Photo Proposed access from US 1 Sidewalk Existing pedestrian access under US 1 from east to west. Comments : This project will be placed on Demand Star summer 2017 for bidding purposes. 18

20 Project Name : Strategic Result: Department : JUPITER COMMUNITY REDEVELOPMENT AGENCY FINANCIAL INFORMATION Riverwalk connection at the Chambers/Burt Reynolds Park west Project No: C1701 Unique Small Town Feel CRA/Engineering After Total Project Budget : Land acquisition Planning / Design $ 50,000 $ 95,000 $ 145,000 Engineering $ - Construction $ - Equipment SFWMD Permits * $ - Total Budget $ 50,000 $ 95,000 $ - $ 145,000 Funding Sources : CRA funds $ 50,000 $ 95,000 $ 145,000 Impact fees Grant revenue Stormwater Fund balance Total Revenues $ 50,000 $ 95,000 $ - $ 145,000 Operating : Personnel $ - Operating $ - Capital $ - Other $ - Total Operating $ - $ - $ - $ - $ - $ - $ - $ - PREVIOUS YEARS FINANCIAL ACTIVITY FY 2013 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Total Amount Budgeted $ - $ - $ - $ 50,000 $ 50,000 Amount Expended $ - $ - $ - $ - $ - $ - Balance $ 50,000 19

21 TOWN OF JUPITER COMMUNITY REDEVELOPMENT AGENCY CASH FLOW ANALYSIS 7/25/ CRA Life Estimated Beginning Balance $ 2,195,469 $ 1,584,938 $ 292,758 $ (313,319) $ (333,116) $ 153,725 $ (116,041) Plus: Projected Operating Revenue 1,895,626 1,936,957 1,995,065 2,328,464 2,398,318 2,470,268 2,544,376 Grant Revenue 350,000-1,074,173 1,028,183 Developer/Business Payments 610, ,000 GF Funding Allocation 2,455,683 Revenue Subtotal 2,245,626 2,546,957 2,445,065 2,328,464 3,472,491 5,954,134 2,544,376 LESS: Operating Costs 957, , , , , , ,952 Harbouside CDD payment 255, , , , , , ,000 Scheduled Princial Pyt to GF 200, , , , , , ,000 Interest Payment to GF 165, , , , , ,267 93,267 Scheduled Principal Pyt to CIP 100, , , , , , ,278 Interest Payment to CIP 49,500 46,485 43,380 38,681 33,841 28,857 23,722 Capital Expenditures 1,128,500 2,212,364 1,310, ,052 1,074,173 4,302, Expense Subtotal 2,856,157 3,839,136 3,051,143 2,348,261 2,985,650 6,223,900 1,932,219 Estimated Ending Balance $ 1,584,938 $ 292,758 $ (313,319) $ (333,116) $ 153,725 $ (116,041) $ 496,115 GF Loan Balances: Original Loan 5,308,899 5,008,899 4,608,899 4,108,899 3,608,899 3,108,899 2,608,899 CIP Loan 1,699,500 1,595,985 1,489,365 1,328,045 1,161, , ,466 Original GF Loan Interest Rate Beginning Balance 5,508,899 5,308,899 5,008,899 4,608,899 4,108,899 3,608,899 3,108,899 Principal Payment 200, , , , , , ,000 5,308,899 5,008,899 4,608,899 4,108,899 3,608,899 3,108,899 2,608,899 20

22 TOWN OF JUPITER COMMUNITY REDEVELOPMEN CASH FLOW ANALYSIS 7/25/2017 CRA Life Estimated Beginning Balance $ 496,115 $ 1,073,084 $ 1,569,360 $ 1,989,483 $ 2,981,919 $ 4,651,805 Plus: Projected Operating Revenue Grant Revenue Developer/Business Payments GF Funding Allocation Revenue Subtotal LESS: Operating Costs Harbouside CDD payment Scheduled Princial Pyt to GF Interest Payment to GF Scheduled Principal Pyt to CIP Interest Payment to CIP Capital Expenditures Expense Subtotal Estimated Ending Balance GF Loan Balances: Original Loan CIP Loan 2,620,707 2,699,328 2,780,308 2,863,717 2,949,629 3,038,117 2,620,707 2,699,328 2,780,308 2,863,717 2,949,629 3,038, , , , ,896 1,024,743 1,055, , , , , , , , , , ,899-78,267 60,267 39,267 15, , , ,168 97, ,434 11,487 2, ,043,738 2,203,052 2,360,185 1,871,280 1,279,743 1,310,485 $ 1,073,084 $ 1,569,360 $ 1,989,483 $ 2,981,919 $ 4,651,805 $ 6,379,437 2,008,899 1,308, , , ,387 97, Original GF Loan Interest Rate Beginning Balance Principal Payment 2,608,899 2,008,899 1,308, , , , , , ,008,899 1,308, ,

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