Item Coversheet

CITY OF RIVIERA BEACH CITY COUNCIL
AGENDA ITEM SUMMARY

Meeting Date: 10/4/2017 
Agenda Category:CONSENT RESOLUTION
Subject: 

INTERLOCAL AGREEMENT TO TERMINATE FUNDING AGREEMENT. A COMPANION ITEM WAS ADOPTED BY THE CRA BOARD ON SEPTEMBER 27, 2017

Recommendation/Motion: 

Staff recommends approval of the Resolution authorizing an agreement to terminate the described Interlocal Agreements.  The proposed action and elimination of related payments has been incorporated into the City budget for the coming Fiscal Year and the CRA’s proposed budget.  The referenced agreements are no longer necessary, and will be required to be approved by the City Council, the CRA, and the Utility District.

Originating Dept FINANCE  Costs  
User Dept.FINANCE Funding Source
AdvertisedNo Budget Account Number
Date   
Paper   
Affected PartiesNot Required   
Background/Summary: 

Marina Uplands Ground Lease:

 

The CRA will no longer lease the Marina Uplands from the City.  THE CRA will no longer be responsible for lease payments or proportional debt service payments. The city will nort be responsible for CAM charges. The CRA will take the lead to issue the Phase II Marina Village Development Opportunity on property owned by both the City and the Agency.  The City and CRA will collaborate to evaluate, and select a new private developer(s) and negotiate a development agreement for the Marina Village for final approval by the CRA and the City Council. The CRA will manage and pay for the maintenance of the Marina Uplands for FY 2017/2018.  The CRA anticipates negotiating with the City and potentially the future private developer to assume some of these various costs and operating responsibilities in the future. 

 

Marina Uplands Funding Agreement:

 

This agreement and subsequent amendments is proposed to be terminated.  The City shall assume all related bond/debt payments, and capital project costs that were invested in Phase One by the City and Utility District have been completed and will remain unchanged.

 

Public Improvement Reimbursements Agreement:

 

This agreement is proposed to be terminated.  The Capital project costs invested in Phase One have been completed and the City and CRA no longer need this agreement.

 

Program Sponsorship Agreement:

 

This agreement is proposed to be terminated, the City support for CRA programs is no longer necessary.  The Agency revenue increased by more than $700,000 for the upcoming fiscal year, and the CRA will fund its own program initiatives in the coming months. 

 

All financial obligations related to the cancelled agreements are also cancelled for the existing fiscal year and the future as of October 1, 2016.

 

 
Fiscal Years
Capital Expenditures
Operating Costs
External Revenues
Program Income (city)
In-kind Match (city) 
Net Fiscal Impact
NO. Additional FTE Positions
(cumulative)

III. Review Comments

A. Finance Department Comments:
 
B. Purchasing/Intergovernmental Relations/Grants Comments:
 
C. Department Director Review:
Contract Start Date 
Contract End Date
Renewal Start Date
Renewal End Date
Number of 12 month terms this renewal
Dollar Amount
Contractor Company Name
Contractor Contact
Contractor Address
Contractor Phone Number
Contractor Email
Type of Contract
Describe
ATTACHMENTS:
File NameDescriptionUpload DateType
City_Resolution-Interlocal_Agreement_Oct_2017.docxCity Resolution-Interlocal_Agreement Oct 20179/22/2017Resolution
CITY_interlocal_agreement_to_terminate_funding_agreements_(vFINAL).docxINTERLOCAL AGREEMENT9/22/2017Agreement
memo_-_Interlocal_agreement_to_terminate_funding_agreements_09.21.2017.pdfMemo to Terminate9/22/2017Backup Material
REVIEWERS:
DepartmentReviewerActionDate
Financesherman, randyApproved9/22/2017 - 3:07 PM
PurchasingAnswererApproved9/22/2017 - 3:11 PM
Financesherman, randyApproved9/22/2017 - 3:22 PM
AttorneyAnswererApproved9/25/2017 - 2:21 PM
City ClerkAnswererApproved9/26/2017 - 4:42 PM
City ManagerAnswererApproved9/27/2017 - 4:39 PM