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FY 2024 NBCRA Proposed BudgetNORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 459 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY Fiscal Year 2024 Proposed Operating Budget and Work Plan North Beach Community Redevelopment Agency 1755 Meridian Avenue Miami Beach, FL 33139 Board of Directors Dan Gelber, Chair Kristen Rosen Gonzalez, Board member Laura Dominguez, Board member Alex J. Fernandez, Board member Steven Meiner, Board member Ricky Arriola, Board member David Richardson, Board member Micky Steinberg, Board member Executive Staff Alina T. Hudak, Executive Director Rafael Paz, General Counsel Rafael Granado, Secretary North Beach CRA Advisory Committee Jose Smith, Chair Betsy Perez, Vice Chair Ronnie Issenberg Elizabeth Latone Romina Orozco-Encio Manning Salazar David Sexton NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 460 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY BOUNDARY MAP NORMANDY D R RUE B O R D E A U X 87TH ST W 74TH ST 67TH ST 7 1 S T ST 75TH ST CA R L Y L E A V E 79TH ST 77TH ST 78TH ST D I C K E N S A V E H A W T H O R N E A V E 72ND ST 76TH ST 69TH STR U E V E R S A I L L E S A B B O T T C T A B B O T T A V E 80TH ST 85TH ST RAYST R U E N OT R E D A M E BIAR R I T Z C T V I C H Y D R BA Y D R RUEVENDOME B E A C H W A L K 74TH ST 73RD ST A T L A N T I C W A Y C O L L I N S A V E CO L L I N S C T B Y R O N A V E H A R D I N G A V E W A Y N E A V E BE A C H S V R D GARYAVE N BIS CAYN E P O I N T R D 87TH TER CRESPI BLVD LA GORCE CIR FAIRWAY DR CLEVELAND RD DAYTONIA RD BO N I T A D R FOW L E R S T C E C I L S T SBISCAYNEPOINTRD H A R D I N G C T B Y R O N C T MARSEILLE DR TATUM WATERW A Y D R NOR E M A C A V E O C E A N T E R BA Y S I D E L N MAIMONIDESST STILLWATER DR INDIANCREEK D R B IA R R ITZ D R 79TH TER S S HO RE DR A L L I S O N R D NSHOREDR E V E R G L A DES C T 81ST ST 84TH ST 82ND ST 83RD ST 86TH ST BIARRITZ DR BAY DR INDIANCREEK DR NORTH OF 6605 NORTH OF 6747 77TH ST 77TH ST 69TH ST C O L L I N S A V E 79TH ST C O L L I N S C T NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY MESSAGE FROM THE EXECUTIVE DIRECTOR ALINA T. HUDAK Honorable Chair Dan Gelber and Board of Directors: I am pleased and honored to present for your consideration the Fiscal Year 2024 proposed budget for the North Beach Community Redevelopment Agency. Fiscal Year 2023 represented the inaugural budget year for the North Beach CRA following establishment and approval by Miami-Dade County on July 20, 2021. The Proposed Operating Budget and Work Plan for Fiscal Year 2024 herein, commencing on October 1, 2023 and ending on September 30, 2024, is the second budget for the North Beach CRA. We are excited by the second consecutive year of signifcant growth in the Redevelopment Area following the 2021 base year. The combined tax increment revenue from the City of Miami Beach and Miami-Dade County totals approximately $1.9 million refecting an increase of approximately 87% over the prior year. The Redevelopment Area has experienced a 21.85% increase in taxable values from $1.42 billion in the base year to $1.73 billion in the current year, which is symbolic of the potential of the area. On June 21, 2023, the Miami-Dade County Board of County Commissioners approved (ratifed) the North Beach CRA Fiscal Year 2023 Budget, as required by Florida law. Following this approval and pursuant to the Interlocal Agreement, the North Beach CRA then began to expend budgeted funds to implement the Redevelopment Plan. In planning for the future, the executive team, with input from the North Beach CRA Advisory Committee, has identifed early short-term and long-term strategies, initiatives, and programs based on the approved Redevelopment Plan, that should enhance the area and lay the foundation for future economic investment. Similar to the prior budget year, the proposed budget for Fiscal Year 2024 recommends a prudent set aside of approximately 50% of tax increment fnancing revenue for future projects such as affordable and workforce housing and infrastructure and major projects that are essential to the community. The North Beach CRA district, and North Beach community, is at a pivotal point with the completion of the Beachwalk and Rue Vendome Plaza renovation, progress on planning for the Byron Carlyle Theater through the City’s Arts and Culture General Obligation Bond, implementation of public improvements on Ocean Terrace, and several other approved projects in the North Beach Town Center zoning district, including 72 Park Residences. The area is poised for signifcant economic investment which may include the redevelopment of the Deauville Hotel site, development of the 72nd Street Community Complex, and major resiliency projects. We are confdent that the tax increment revenue will be accelerated by direct and indirect economic development resulting from North Beach CRA programs and investments. The proposed budget contains allocations for a beautifcation program including, but not limited to, commercial façade and residential property improvement programs; enhanced services including community policing, code compliance, and sanitation; arts and culture-related branding, communications, and marketing; small business development programs and services; and administrative expenses including administrative fees as required by Miami-Dade County, development of a short-term strategic plan, and the operations of the North Beach CRA offce within the Redevelopment Area. Establishing a solid organizational and fscal foundation for the North Beach CRA is essential to long-term success. I would like to thank the greater Miami Beach community, led by Chair Dan Gelber, North Beach CRA Board of Directors, and the North Beach CRA Advisory Committee for continued leadership and guidance in the budget and planning process for one of the City’s most unique and promising areas. It is our collective collaboration, innovation, and fscal conscientiousness that will elevate and invigorate North Beach. In addition to the Board of Directors and Advisory Committee, the North Beach CRA appreciates the contributions of Eric Carpenter, Deputy City Manager; Rickelle Williams, Assistant City Manager/Economic Development Director; Jason Greene, Chief Financial Offcer; David Martinez, Capital Improvement Projects Director; Tameka Otto Stewart, Budget Director; Richard Ajami, Budget Offcer; Kyle Teijeiro, Senior Budget Analyst; and Luis Wong, Administrative Services Manager. Respectfully submitted, 461 NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 462 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY ORGANIZATIONAL CHART Chair and Board of Directors (Mayor and Commission) Secretary (City Clerk) Executive Director (City Manager) Finance Director (CFO) Economic Development Director CIP, Procurement, Planning, Building, Public Works, Management & Budget General Counsel (City Attorney) NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 463 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY BACKGROUND The City of Miami Beach is recognized and admired regionally, nationally, and internationally as a dynamic and vibrant destination. Between the warm climate, sprawling beach, and various cultural and lifestyle amenities, Miami Beach has distinguished itself as a thriving hospitality and tourism mecca. The City’s signifcant investment in the arts, aesthetics, recreation, public safety, and climate resiliency, coupled with the depth and quality of residential and educational offerings, have made the City an ideal live-work- play environment. With tremendous quality of life characteristics and strategic, measured development and preservation over the years, the City has, overall, maintained and improved its status as a major driver of the Miami-Dade County economy and brand. Notwithstanding, in comparison with other areas of the City, the North Beach area has trailed in the level of redevelopment, revitalization, economic growth, and investment. Substantial commercial vacancy, obsolete housing stock, limited new development, environmental and resiliency challenges, and depressed household income are among the challenges facing North Beach. BACKGROUND CONT’D There have been several efforts by the City of Miami Beach to encourage growth and investment in North Beach, including but not limited to the North Beach Revitalization Plan, the North Beach Master Plan (Plan NoBe), the West Lots Plan, and other initiatives focusing on climate resiliency, environmental sustainability, transportation, economic development, affordable housing, historic preservation, and land development regulations. The residents, Mayor, and City Commission have also approved General Obligation Bond (G.O. Bond) funding for major improvement projects in the North Beach area. On July 17, 2019, the City Commission adopted Resolution No. 2019-30892, accepting a preliminary report concerning a fnding of necessity for the redevelopment of a certain area of North Beach, and requesting that Miami-Dade County delegate redevelopment powers to the City. On July 8, 2020, the Miami-Dade County Board of County Commissioners (“BCC”) approved Resolution No. R-619-20, delegating authority to the City to create the North Beach Community Redevelopment Agency (North Beach CRA), including direction to draft the North Beach CRA Redevelopment Plan and negotiate an Interlocal Agreement among the City, North Beach CRA, and Miami-Dade County to govern the redevelopment process. NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 464 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY BACKGROUND CONT’D Pursuant to the County’s delegation of authority, the City undertook a signifcant public engagement effort to prepare the Redevelopment Plan. Simultaneous with the City’s preparation of the Redevelopment Plan, in order to delineate their respective areas of responsibility with respect to the redevelopment of the Redevelopment Area, the City, North Beach CRA, and County Administrations negotiated an interlocal cooperation agreement (the “Interlocal Agreement”). On February 10, 2021, by adopting Resolution No. 2021-31596, the Mayor and City Commission offcially created the North Beach CRA pursuant to section 163.357, Florida Statutes, and declared the Mayor and City Commission to be the governing body of the North Beach CRA. On May 12, 2021, pursuant to Resolution No. 003-2021, the Chairperson and Members of the North Beach CRA Board adopted the Redevelopment Plan and transmitted the Plan to the City Commission for approval, as required by Section 163.360(5), Florida Statutes. Additionally, pursuant to Resolution No. 004- 2021, the Chairperson and Board members approved the Interlocal Agreement, authorized the Chairperson and Secretary to execute the Interlocal Agreement, and further, authorized the transmittal of the executed Interlocal Agreement to the BCC for its consideration and approval. Likewise, on May 12, 2021, pursuant to Resolution No. 2021-31709, the Mayor and City Commission approved the Redevelopment Plan for the North Beach CRA and authorized its transmittal to the County. Contemporaneously, pursuant to Resolution No. 2021-31710, the Mayor and City Commission approved the Interlocal Agreement, authorized the Mayor and City Clerk to execute the Interlocal Agreement, and further, authorized the City Manager to transmit the executed Interlocal Agreement to the BCC for its consideration and approval. On July 20, 2021, the BCC approved Ordinance No. 21-70 establishing the North Beach CRA Trust Fund and Resolution No. R-696-21 approving the Redevelopment Plan and the fnal, negotiated Interlocal Agreement, as amended. On July 28, 2021, the North Beach CRA Board adopted Resolution No. 005-2021 accepting the Interlocal Agreement. The City Commission also approved the Interlocal Agreement via Resolution No. 2021-31817. The North Beach CRA’s governing documents and legislation may be accessed at its website: https://www.miamibeachf.gov/northbeachcra. PURPOSE STATEMENT The North Beach CRA Redevelopment Plan envisions a vibrant, resilient community with a Town Center, increased housing density, preservation of historic structures, access to recreational amenities, available public parking, and additional restaurant and retail offerings to support new and current residents. The Redevelopment Plan concepts and approaches cover a range of project types across several implementation dimensions such as scale, scope, cost, time duration, and potential impact outcomes. The Redevelopment Plan presents goals and strategies which may be implemented using funding from tax increment revenue derived from within the designated boundary over the 30-year life of the North Beach CRA. REDEVELOPMENT PLAN GOALS 1. Provide Economic Development Opportunities for Businesses, Property Owners, and Residents 2. Invest in Climate Resilience, Sustainability & Infrastructure 3. Strengthen Cultural Arts, Branding & Marketing, and Communication 4. Protect and Enhance the Neighborhood Character 5. Improve the Quality of Life of Residents and Visitors 6. Leverage Resources for Community Redevelopment NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 465 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY INTERLOCAL AGREEMENT INTERLOCAL AGREEMENT CONT’D The adopted boundaries of the Redevelopment Area delineate the area within which tax revenue will be generated and captured during the 30-year life of the North Beach CRA, for expenditure on investments and projects identifed in the Redevelopment Plan. As negotiated and approved, the Interlocal Agreement provides for material fnancial terms agreed upon by the City of Miami Beach, the North Beach CRA, and Miami-Dade County. The Interlocal Agreement contains the following provisions governing use of TIF revenue: • One member of the County Commission, or a County Commission designee, may be appointed to serve on the North Beach CRA’s Board of Commissioners (in addition to the other members appointed to the North Beach CRA’s Board of Commissioners (i.e., the City Commission). Said County Commissioner, or designee, shall be vested with the same rights, duties, and obligations as any other North Beach CRA Board member; and • No more than twenty percent (20%) of the total tax increment funds deposited annually into the Trust Fund by the City and the County shall be used for total administrative expenses (including indirect and overhead expenses which may not exceed six percent (6%) of the total contemplated administrative expenses to be spent under the Redevelopment Plan); and • The County shall charge, and the North Beach CRA shall pay to the County, no later than March 31, an annual administrative fee (“County Administrative Fee”). This County Administrative Fee shall be 1.5% of the County’s payment to the North Beach CRA. The County Administrative Fee shall not be included in the (20%) limit on administrative expenses defned in this section; and • The City and the County hereby agree to contribute 60 percent (60%) of the tax increment funds derived from the Redevelopment Area on an annual basis; and • The North Beach CRA budget for expenditures funded by tax increment revenues shall be capped, so that an amount equal to the TIF revenues paid into the Trust Fund by the County and the City attributable to 10 percent (10%) of the incremental value in the Area, shall remain un-appropriated and un-expended, except for the purpose of funding projects associated with affordable and workforce housing; and • Commencing in the year in which the combined annual contribution into the Trust Fund by the County and the City is or exceeds $1 million, this 10 percent (10%) shall only be used for the purpose of funding projects associated with affordable and workforce housing, including but not limited to, the construction, preservation, and rehabilitation of such housing; and • The North Beach CRA shall not budget in any fscal year more than ten percent (10%) of the value of the City and County tax increment payment for that year on capital maintenance activities or community policing, respectively; and • Beginning FY 2049-50, the County, North Beach CRA, and the City will negotiate an interlocal agreement to account for the sunset of the North Beach CRA. Ocean Terrace Proposed Rendering NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 466 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY ACCOMPLISHMENTS AND ACTIVITIES 1. Establishment of North Beach CRA District Offce and Small Business Development During the November 17, 2021 meeting of the North Beach CRA Advisory Committee, the Committee recommended establishing a North Beach CRA offce located within the district boundaries. The Committee emphasized the benefts of having staff accessible within the CRA district and suggested that initial activities prioritize support for small businesses. On September 28, 2022, approval of the North Beach CRA’s FY 2023 Budget included funding for a North Beach CRA offce space. Through a collaborative effort across City of Miami Beach departments, the North Beach CRA district offce now occupies a portion of the Miami Beach Building Department’s leased space at 962-964 Normandy Drive. On January 19, 2023, the North Beach CRA held a ribbon cutting ceremony open to the public and attended by elected offcials, City staff, and community stakeholders. As the North Beach CRA does not yet have dedicated staff, the Administration must maximize use of limited resources to operate the offce space. Economic Development Department staff serve as an informational resource guide during inquiries by telephone and in-person from Miami Beach residents and businesses in regard to all topics relating to redevelopment, and economic and business development. Through outreach efforts, the North Beach CRA has engaged with approximately 1524 businesses and residents since the District offce opened. Staff also conducts site visits and feld canvassing with various City departments providing municipal services throughout the CRA district. In addition, staff also attend community events, such as activations and meetings hosted by the Normandy Fountain Business Association, to promote the CRA and its efforts to elevate the community. ACCOMPLISHMENTS AND ACTIVITIES CONT’D 2. Approval and Launch of Commercial Façade Improvement Program and Residential Property Improvement Program On June 28, 2023, the North Beach CRA Board approved two new CRA beautifcation programs, a Commercial Façade Improvement Program and Residential Property Improvement Program, initially targeting properties in the vicinity of Normandy Fountain/Rue Vendome Plaza. As approved in the North Beach CRA FY 2023 Budget, the programs aim to enhance and improve the district’s existing building stock by helping subsidize private property beautifcation, maintenance, and resiliency upgrades. These exterior improvements may include, but are not limited to, new windows, doors, lighting, and signage. The Commercial Façade Improvement Program assists commercial properties, and the Residential Property Improvement Program targets the district’s multifamily housing stock within the program area. Both programs are structured as a reimbursable matching grant incentive available to properties in the Program area. Following an application and approval process, eligible property owners/businesses are reimbursed for up to 70% of costs with a cap of $20,000 for eligible improvements. The Residential Property Improvement Program is also aimed at promoting housing affordable as Program participants/eligible properties must have a majority of residential units leased to households earning up to140% of the area median income for Miami-Dade County. For three (3) years following award, Program participants may not increase rents for the eligible units by more than 3% per year. Information about each Program is being shared with area groups through in person meetings and webinars. NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 467 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY ACCOMPLISHMENTS AND ACTIVITIES CONT’D 3. Enhanced Services: Community Policing, Code Compliance, and Sanitation The North Beach CRA is empowered to provide funding support for enhanced services such as community policing innovations, which is proven to be a useful tool in protecting neighborhoods and improving quality of life. Funding has been utilized for community policing services within the North Beach CRA district boundaries, including crime prevention initiatives, pro-active policing, and response to calls for service. Miami Beach Police Department offcers have proactively engaged with approximately 150 businesses, issued roughly 150 moving citations, made 62 felony arrests and 151 homeless referrals. The Miami Beach Code Compliance Department has provided enhanced services in the North Beach CRA district. Calls for service and investigations addressing quality of life issues, including enhancement of physical appearance and cleanliness, have served to increase compliance throughout. Code Compliance staff have dedicated an additional 264 hours of service including approximately 86 inspections and 50 violations. The Miami Beach Sanitation Division has diligently provided comprehensive litter control services in the North Beach CRA area, further extending their range of services. As part of their commitment to maintaining cleanliness and promoting a healthy environment, the Division has allocated an average of 18 additional hours per month specifcally dedicated to this area. Through these efforts, the Sanitation Division ensures that litter is promptly collected, streets are regularly swept, and public spaces are kept free from debris. By providing this valuable service, the division contributes signifcantly to enhancing the aesthetic appeal and overall quality of life in the Redevelopment Area. ACCOMPLISHMENTS AND ACTIVITIES CONT’D 4. Affordable and Workforce Housing While at least 10% of the TIF revenue generated must be itemized to fund projects associated with affordable and workforce housing, the North Beach CRA has not yet expended these funds. Rather, the North Beach CRA has set these funds aside for the construction, preservation, and/or rehabilitation of such housing. Once an eligible project or program has been identifed, the North Beach CRA will allocate these funds to promote affordable and workforce housing. Note that the Residential Property Improvement Program, described above, does focus on preserving affordable and workforce housing in additional to encouraging beautifcation. WORKPLAN The North Beach CRA Redevelopment Plan Goals and Implementation Strategies include many initiatives derived from resident and stakeholder suggestions during the Redevelopment Plan development process, best practices, and concepts recommended in previous studies, reports, and master plans. Implementation strategies vary in cost, duration, impact, complexity, and boldness. There are several strategies that may require signifcant costs to effect visible change. As the Redevelopment Plan and previous related plans are expansive in scope, a primary initiative for Fiscal Year 2024 includes the development of a short-term (3-5 year) strategic plan to focus the initial efforts of the North Beach CRA. In the interim, the proposed immediate focus of the North Beach CRA during its initial years continues to concentrate on actions that can be implemented at little cost, since long-term implementation strategies are typically ongoing or are projects for which funding is not currently available. Short-term strategies that are immediate may include actions addressing, for example, code compliance or marketing and branding initiatives, which involve less expenditure but are visible and impactful, nonetheless. NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 468 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY PROGRAM AND INITIATIVES The Fiscal Year 2024 operating budget recommendation prioritizes six categories of expenditures: North Beach CRA Revenues FY 2023 Adopted Budget Percentage FY 2024 Proposed Percentage City of Miami Beach TIF Contribution $ 577,000 55.7% 1,082,000 56.0% Miami-Dade County TIF Contribution Total: $ 458,000 $ 1,035,000 44.3% 100.0% 851,000 1,933,000 44.0% 100.0% Expenditures FY 2023 Adopted Budget Percentage FY 2024 Proposed Percentage Beautification $ 210,000 20.3% $ 290,000 15.0% Enhanced Services: Community Policing $ 100,000 9.7% $ 186,000 9.6% Code Compliance $ 88,000 8.5% $ 100,000 5.2% Community Cleanliness $ 16,000 1.5% $ 100,000 5.2% Arts and Culture $ 52,000 5.0% $ 135,000 7.0% Small Business Development $ 49,000 4.7% $ 80,000 4.1% Administration $ 25,000 2.4% $ 57,000 2.9% Set-aside; Affordable and Workforce Housing $ 104,000 10.0% $ 194,000 10.0% Set-aside; Future Projects Total: $ 391,000 $ 1,035,000 37.8% 100.0% $ $ 791,000 1,933,000 40.9% 100.0% 1. Beautifcation a. Commercial Façade Improvement Program: The North Beach CRA has developed a commercial façade improvement program (matching grant) available to businesses located within the Normandy Isles/Rue Vendome Plaza section of the Redevelopment Area. The purpose is to substantially improve the visible appearance and street presence of properties as well as enhance the functionality and sustainability of businesses within this main commercial area. Redevelopment Plan Goal 1: Provide Economic Development Opportunities for Businesses, Property Owners, and Residents. • Section 6.2: Normandy Isles - The Normandy Fountain area, also known as Vendome Plaza, serves as the community and commercial center of Normandy Isle and could develop into a vibrant, pedestrian-oriented shopping district with a strategic combination of protection and enhancement. • Section 8.3: Several initiatives, such as rehabilitation/ beautifcation grants, will provide funding for businesses and property owners in the CRA to make interior and exterior improvements to their properties. • Section 9.1.1: Business Attraction and Retention - Develop incentive programs to help existing or new property and business owners with aesthetics, repairs, rehabilitations, improvements, land acquisition, and resiliency modifcations. • Section 9.4.1: Normandy Isles – Fountain Area - Support redevelopment of sites around the fountain to include retail, Class A offce space, and residential. PROGRAM AND INITIATIVES CONT’D b. Residential Property Improvement Program: The North Beach CRA has developed a residential property improvement program (matching grant) available to residential property owners to promote resiliency, beautifcation, and historic preservation. The program provides for renovation and rehabilitation of multifamily residential properties to encourage sustainable features, housing affordability and age-in-place opportunities for residents. Redevelopment Plan Goal 4: Protect and Enhance the Neighborhood Character • Section 7.5.3: Building Adaptation - Resilient design can also be implemented through residential, commercial and business façade improvement programs. The programs would aim to help the Redevelopment Area to address façades and building systems to properly anticipate and accommodate future extreme weather patterns and natural events. This incentive-based program could also encourage building owners to invest in green infrastructure. • Section 8.3: Several initiatives, such as rehabilitation/ beautifcation grants, will provide funding for businesses and property owners in the CRA to make interior and exterior improvements to their properties. • Section 9.1.2: Real Estate - Establish protective measures to safeguard housing for existing residents within the CRA consistent with federal requirements. • Section 9.2.1: Resiliency and Sustainability — Develop a climate resiliency incentive program to assist residential and commercial property owners with applicable capital improvements. • Section 9.4: Develop incentive programs to rehabilitate and preserve existing housing stock and/or develop new housing stock; Create programs and incentives to mitigate the costs of historic preservation and rehabilitation; and Create programs and incentives to promote age in place opportunities for existing and new housing stock. • Section 9.4.1: North Shore - Partner with multifamily property owners to retain affordable and workforce housing offerings NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 469 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY PROGRAM AND INITIATIVES CONT’D 2. Enhanced Services a. Community Policing: The North Beach CRA is empowered to provide funding to support the development and implementation of community policing innovations, subject to the budgetary limitation set forth in the Interlocal Agreement. Through additional shifts/over time, the Miami Beach Police Department (MBPD) will augment and promote relationship building and trust among offcers and residents to encourage the development and effectiveness of crime watch groups. Community policing initiatives will include “Park and Walks” foot patrols to increase visibility in parks and commercial corridors and proactive police activities including quality of life sweeps and drug and traffc enforcement. Redevelopment Plan Goal 5: Improve the Quality of Life for Residents and Visitors • Section 9.5.2: Safety - Work with the Miami Beach Police Department or ambassador programs to develop and implement community policing innovations. PROGRAM AND INITIATIVES CONT’D b. Code Compliance: The North Beach CRA, in cooperation with the MBPD, Miami Beach Fire Department, and Code Compliance Department, will work to create a safe, quality environment for residents and businesses. The CRA will fund two additional 10-hour Code Compliance Offcer shifts per week to provide opportunities for community engagement, education, outreach, and enforcement efforts. Redevelopment Plan Goal 4: Protect and enhance the neighborhood character. • Section 9.4: Work with the City to ensure property owners are meeting code compliance standards and implement remedies. • Section 9.5.2: Safety — Work with the Miami Beach Code Compliance Department to highlight opportunities and address code-related concerns. Normandy Fountain Rue Vendome Plaza Ribbon-cutting February 27, 2022 NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 470 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY PROGRAM AND INITIATIVES CONT’D c. Sanitation: Maintaining clean streets and public and private spaces are critical elements for enhancing a community. As the City plans for additional North Beach staffng for the Public Works Department - Sanitation Division, the North Beach CRA will provide support for waste processing fees associated with the removal of solid waste attributed to illegal dumping within the district. Redevelopment Plan Goal 5: Improve the Quality of Life for Residents and Visitors • Section 9.5.1: Community Spaces - Work with the City to ensure streets are maintained and cleaned regularly. 3. Arts and Culture With cultural anchors and assets within the North Beach CRA, there is an opportunity to promote arts and culture through cultural tourism by leveraging these resources. Art galleries, the Miami Beach Bandshell, Rue Vendome Plaza and other public spaces attract tourists and improve quality of life of residents. The North Beach CRA has already achieved some success in terms of branding with the development of a logo. Further development of the brand strategy is needed to propel the Redevelopment Area. Redevelopment Plan Goal 3: Strengthen Cultural Arts, Branding & Marketing, and Communication PROGRAM AND INITIATIVES CONT’D • Section 9.3.1: Cultural Tourism - Leverage arts and culture as a key community development strategy and a core sector of comprehensive community planning and development; Encourage and support the recruitment of cultural partners and performing arts organizations; Invest and assist in cultivating, preserving, and enhancing the artist community; Explore opportunities to partner or collaborate with cultural organizations with emphasis on those based in Miami Beach; and Promote hotels, restaurants, and retailers with area cultural tours and food fairs or other similar programs. • Section 9.3.2: Branding - Develop a logo, campaign strategy, and signage including for outreach and relationship-building to multilingual stakeholders and residents. 4.Small Business Development The North Beach CRA business community is strengthened by the various small businesses and entrepreneurs operating within the commercial and residential districts. Small business development programs and services will enhance business success and provide resources to encourage business attraction, retention, and creation. Redevelopment Plan Goal 1: Provide Economic Development Opportunities for Businesses, Property Owners, and Residents. NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 471 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY PROGRAM AND INITIATIVES CONT’D • Section 9.1.1: Business Attraction & Retention – Inventory existing businesses to identify complementary businesses for attraction to fll the retail gab identifed in the market analysis; Engage with existing business owners to assess and support small business needs, including marketing, rehabilitation, resiliency improvements, labor needs, and employment training; Work with City to allow temporary uses, pop-up activations, retail, and restaurants, whether in vacant shopfronts or on vacant lots; Implement a “Shop Local” program; and Host “banker/broker/ developer” events to highlight available land, retail, and offce space. 5. Administration General: Administrative expenses for the North Beach CRA are limited by the Interlocal Agreement which stipulates that no more than 20% of TIF revenue may be used for such costs. The Interlocal Agreement also provides for an Administrative Fee to Miami-Dade County in the amount of 1.5% of its TIF contribution to the Trust Fund. Other administrative expenses include a contribution to the Miami Beach General Fund to cover general costs for internal services as determined by a cost allocation study. The North Beach CRA will also contribute to a portion of personnel costs for a City of Miami Beach Economic Development staff member and the Miami Beach Building Department’s lease of commercial offce space to allow for a physical presence within the district. PROGRAM AND INITIATIVES CONT’D 6. Affordable and Workforce Housing The Interlocal Agreement stipulates that the North Beach CRA must dedicate at least 10% of TIF revenue for affordable and workforce housing. The funding may be used for renovation, construction, or preservation efforts. The 10% set aside for Fiscal Year 2024 will add to the foundation of funding for housing related projects and initiatives in future years. Although funding is not slated to be expended in Fiscal Year 2024, planning efforts will focus on preservation and renovation of naturally occurring affordable housing units, development of new multifamily affordable and workforce housing inventory, and homeownership opportunities. Redevelopment Plan Goal 4: Protect and Enhance the Neighborhood Character • Section 9.1.2: Real Estate - Identify priority areas for redevelopment and associated property acquisition needs related to replacement housing, infll redevelopment, parks, greenspace, parking, and resiliency efforts. Miami Beach Bandshell NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 472 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY PROGRAM AND INITIATIVES CONT’D BUDGET HIGHLIGHTS CONT’D • Section 9.4: Develop incentive programs to rehabilitate and preserve existing housing stock and/or develop new housing stock; Create infll housing programs to increase residential projects on existing residential sites; Support affordable homeownership opportunities through frst-time homebuyer, down-payment, and utility assistance programs; Create programs and incentive to increase affordable and workforce housing, mixed-income projects, mixed-use projects; Create programs and incentives to mitigate the costs of historic preservation and rehabilitation; and Partner with the Miami Beach Housing Authority and the City’s Housing and Community Services Department to protect existing residents and provide affordable housing and homeownership opportunities. 7. Future Projects The Redevelopment Plan contemplates projects of varying complexity and costs. As TIF revenue grows, the North Beach CRA will be better able to leverage resources to implement large-scale projects and programs including infrastructure, environmental, and parks and recreation projects. Additionally, the North Beach CRA will be able to utilize revenue to supplement grant funded projects and have the capacity to bond TIF revenue for even greater impact. BUDGET HIGHLIGHTS • $4,000 for a satellite offce within the North Beach CRA district, of which lease and maintenance costs are shared with the Miami Beach Building Department on a prorated basis • $170,000 for the Commercial Façade Improvement Program in the Normandy Fountain/Vendome Plaza area to embrace historic architecture and improve business attraction and retention • $120,000 for the Residential Property Improvement Program to promote the maintenance of naturally occurring affordable housing stock and promote resiliency • $186,000 allocated for MBPD community policing initiatives to continue to provide enhanced levels of staffng and services throughout the area • $100,000 for enhanced Code Compliance services including additional levels of staffng each week • $100,000 to cover cost for enhanced level of service and to cover solid waste dumping fees and promote additional cleanliness and beautifcation • $65,000 for a strategic plan to focus short-term efforts and initiatives • $12,775 for the County’s administrative fees, which are equivalent to 1.5% of the County’s respective TIF payment for FY 2024 • $10,000 contribution to the City’s General Fund for administrative costs North Beach CRA Advisory Committeee members and staff liaisons NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 473 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY CRITICAL SUCCESS FACTORS • Adoption and adherence to the Redevelopment Plan and other economic development and revitalization strategy plans for various areas of the North Beach CRA district and the City as a whole • Enhance networking and communication opportunities with the local community including, but not limited to, residents, property owners, business owners/operators, and visitors to gauge interest in various economic development initiatives, programs, and incentives • Progress on planned public infrastructure and facility projects • Progress on approved private development projects CRITICAL SUCCESS FACTORS CONT’D • Development of partnerships and opportunities for collaboration with local, regional, and national partners • Ability to secure external funding sources including grants • Ability to network and interact with the business and development communities to encourage new and expanding private investment in the area • Access to local/zip code level market information especially the real estate and job markets • Improved website and data development to ensure a greater quantity and selection of detailed information and records are instantly available to the public, site selection consultants, and potential business owners NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 474 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY FUTURE OUTLOOK Economic development and growth opportunities are found throughout the Redevelopment Area. While early growth in property values experienced since the 2021 base year suggests that the North Beach CRA is on the fast track to overcoming the conditions that led to its creation, e.g., blight, deterioration, and economic stagnation, redevelopment efforts must be balanced with both aggressive and measured initiatives. The Redevelopment Plan outlines bold, local approaches that will raise community awareness of the CRA and invoke visible change without the tremendous fnancial expenditure associated with many capital projects. In addition to annual preparation of an Operating Budget and Work Plan, the North Beach CRA will develop a fve-year implementation strategy with corresponding funding projections to help steer planning for the redevelopment program. New development projects, economic revitalization programs, and creative fnancing for commercial and entrepreneurial endeavors are critical to the pathway forward. FUTURE OUTLOOK CONT’D The implementation of short-term and immediate redevelopment strategies should be followed by a critical mass of development improvements in key commercial areas which are necessary to accelerate revitalization and signal progress by the North Beach CRA. These areas include Town Center, Normandy Isles/Rue Vendome Plaza, North Shore, and the West Lots. For redevelopment to occur in these parts of North Beach, CRA program initiatives must be accomplished with community participation and the leveraging of available resources. Using the Redevelopment Plan as a guide for strategies that preserve and enhance what residents value most in their neighborhoods, the North Beach CRA will work to improve on existing elements and create new elements essential for promoting a vibrant community. 72 Park Residences NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY 475 NORTH BEACH COMMUNITYREDEVELOPMENT AGENCY North Beach Community Redevelopment Area Operating Budget FY 2021 FY 2022 FY 2023 FY 2024 Revenues and Other Sources of Income Actual Actual Adopted Proposed Tax Increment - City 0 0 577,000 1,082,000 Proj Adjustment to City Increment 0 0 0 0 Tax Increment - County 0 0 458,000 851,000 Proj Adjustment to County Increment 0 0 0 0 TOTAL REVENUES 0$ 0$ 1,035,000 $ 1,933,000 $ Admin/Operating Expenditures Small Business Development Beautification Arts & Culture Administration Total Admin/Operating Expenditures Project Expenditures Enhanced Services: Community Policing Code Compliance Community Cleanliness Total Project Expenditures Reserves, Debt Service and Other Obligatio County Admin Fee CMB Admin Fee 10% Set-aside for Affordable & Workforce Housing Set-aside for Future Projects $ 0 0 0 0 0 0 0 0 $ 0 0 0 0 0 0 0 0 $ 49,000 210,000 52,000 9,000 320,000 100,000 88,000 16,000 $ 80,000 290,000 135,000 34,000 539,000 186,000 100,000 100,000 $ ns 0 0 0 0 0 $ 0 0 0 0 0 $ 204,000 7,000 9,000 104,000 391,000 $ 386,000 13,000 10,000 194,000 791,000 Total Reserves, Debt, & Other Obligations 0$ 0$ 511,000 $ 1,008,000 $ TOTAL EXPENDITURES AND OBLIGATIONS 0$ 0$ 1,035,000 $ 1,933,000 $ SURPLUS / (GAP) 0$ 0$ 0$ 0$ 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Admin Expenditures Project Expenditures Debt Service & Other Obligations Expenditure Summary FY 2022 Actuals FY 2023 Adopted FY 2024 Proposed