Special Call Community Redevelopment Agency Budget Meeting

Lake Park Town Commission, Florida Special Call Community Redevelopment Agency Budget Meeting Minutes Monday, September 08, 2025 at 5:30 PM Commission Chamber, Town Hall, 535 Park Avenue, Lake Park, FL 33403 Roger Michaud — Chair Michael Hensley — Vice-Chair John Linden — Agency Member Michael O’Rourke — Agency Member Judith Thomas — Agency Member Vacant — Agency Member Vacant — Agency Member Richard J. Reade — Executive Director Thomas J. Baird, Esq. — Agency Attorney Vivian Mendez, MMC — Agency Clerk PLEASE TAKE NOTICE AND BE ADVISED, that if any interested person desires to appeal any decision of the Town Commission, with respect to any matter considered at this meeting, such interested person will need a record of the proceedings, and for such purpose, 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. Persons with disabilities requiring accommodations in order to participate in the meeting should contact the Town Clerk’s office by calling 881-3311 at least 48 hours in advance to request accommodations. CALL TO ORDER/ROLL CALL 5:38 P.M. PRESENT Chair Roger Michaud Vice Chair Michael Hensley Board Member Judith Thomas arrived at 6:00 P.M. Board Member John Linden ABSENT Board Member Michael O'Rourke PLEDGE OF ALLEGIANCE Chair Michaud Special Call Community Redevelopment Agency Budget Meeting September 08, 2025 Page 1 SPECIAL PRESENTATION/REPORT: 1. Fiscal Year Community Redevelopment Agency (CRA) 2026 Budget. Finance Director Barbara Gould presented the CRA Budget to the Board (Exhibit A). Board Member Linden asked questions regarding the merit increase for a new hire. Finance Director Gould clarified several points regarding the merit increase. The first point was that not all employees receive a 3% increase. The merit increase was based on an employee’s performance. The second point was that the merit increase was earned on the anniversary of an employees start date, or promotion. The last point was that the funds were placed in the budget in anticipation of the employee receiving the full 3% merit increase. Vice Chair Hensley questioned the cost of living increase of 1.5 percent for an employee that started a month ago. Executive Director Reade explained that an internal policy was to provide the increase for all employees. He explained that the Employee Handbook would be re-evaluated in the future. Board Member Linden proposed more detail be included to next year’s budget. Motion to approve the 2026 CRA Budget made by Vice Chair Hensley; Seconded by Board Member Linden. Voting Aye: All PUBLIC COMMENT: This time is provided for addressing items that do not appear on the Agenda. Please complete a comment card and provide it to the Agency Clerk so speakers may be announced. Please remember comments are limited to a TOTAL of three minutes. NONE CRA ADMINISTRATOR/EXECUTIVE DIRECTOR/BOARD MEMBER COMMENTS: NONE  Town of Lake Park Fiscal Year 2025/2026 Proposed Budget Exhibit A 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 Fund: 110 - CRA Description YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Revenue 110-311.115 Ad Valorem Taxes - County $ 517,894 $ 621,952 $ 699,404 $ 902,730 $ 902,383 $ 1,049,177 116.27% 110-369.100 Miscellaneous - Other $ 5,343 $ 500,000 9358.04% 110-381.001 Transfer From General Fund $ 959,790 $ 1,162,739 $ 1,338,794 $ 1,816,806 $ 1,816,806 $ 2,012,287 110.76% 110-399.999 Balance Brought Forward $ 1,188,207 $ - $ 2,294,543 --- Revenue Total: $ 1,477,684 $ 1,784,691 $ 2,038,198 $ 3,907,743 $ 2,724,532 $ 5,856,007 214.94% Expense Personnel Expenditures 110-552-520-11000 Executive Salaries $ - $ - $ 51,457 $ 95,400 $ 87,214 $ 99,291 113.85% 110-552-520-12000 Regular Salaries $ - $ - $ 59,522 $ 93,732 $ 58,603 $ 138,891 237.00% 110-552-520-14000 Overtime Salaries $ - $ - $ - $ - $ 284 $ - 0.00% 110-552-520-21000 FICA $ - $ - $ 8,489 $ 14,469 $ 10,796 $ 18,222 168.78% 110-552-520-22000 Retirement $ - $ - $ 4,881 $ 15,272 $ 8,243 $ 32,464 393.84% 110-552-520-22100 Town Retirement Matching $ - $ - $ 1,541 $ 1,461 $ 2,746 $ - 0.00% 110-552-520-23100 Health Insurance $ - $ - $ 16,489 $ 31,783 $ 23,307 $ 43,860 188.18% 110-552-520-23200 Insurance - Dental $ - $ - $ 608 $ 1,130 $ 828 $ 1,356 163.77% 110-552-520-23300 Insurance - Life $ - $ - $ 187 $ 305 $ 223 $ 365 163.68% 110-552-520-23400 Insurance - Vision $ - $ - $ 78 $ 138 $ 92 $ 165 179.35% 110-552-520-23500 Disability $ - $ - $ 574 $ 885 $ 757 $ 1,234 163.01% 110-552-520-24000 Workers Compensation Insurance $ - $ 899 $ 1,078 $ 567 $ 920 $ 1,942 211.09% Total Personnel Expenditures $ - $ 899 $ 144,904 $ 255,142 $ 194,013 $ 337,790 174.11% Operating Expenditures 110-552-520-31000 Professional Services $ 66,587 $ 139,700 $ 128,556 $ 98,810 $ 53,536 $ 57,200 106.84% 110-552-520-31100 Professional Svc. - Town Attorney $ 4,100 $ 23,100 $ 11,730 $ 32,000 $ 21,191 $ 21,500 101.46% 110-552-520-34000 Contractual Services $ 145,947 $ 94,238 $ 255,974 $ 374,827 $ 316,163 $ 241,480 76.38% 110-552-520-34001 Contract PBC Sheriff $ 93,600 $ 95,275 $ 108,100 $ 133,680 $ 133,680 $ 140,700 105.25% 110-552-520-40000 Travel & Training $ 2,855 $ 3,645 $ 13,615 $ 16,000 $ 10,464 $ 8,010 76.55% 110-552-520-41100 Telephone $ - $ - $ 340 $ 600 $ 928 $ 1,269 136.75%  2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 Fund: 110 - CRA Description YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % 110-552-520-41200 Postage & Shipping $ 2 $ 11 $ 9 $ 9,000$ 10 $ 1,136 11360.00% 110-552-520-43000 Utilities $ 15,361 $ 13,478 $ 14,077 $ 15,000$ 16,604 $ 18,836 113.44% 110-552-520-44100 Equipment Rentals $ 8,677 $ 714 $ 465 $ 1,000$ - $ - 0.00% 110-552-520-44200 Equipment Leases $ - $ - $ - $ -$ 638 $ 2,820 442.01% 110-552-520-45000 Insurance $ 5,783 $ 6,566 $ 10,066 $ 15,103$ 15,457 $ 20,000 129.39% 110-552-520-46000 Repair & Maintenance $ 4,148 $ 2,820 $ 4,306 $ 3,000$ 2,492 $ 14,500 581.86% 110-552-520-47000 Printing $ - $ 609 $ 69 $ 2,500$ 2,327 $ 4,325 185.86% 110-552-520-48000 Promotional Activity $ 866 $ 2,500$ 2,592 $ 2,450 94.52% 110-552-520-48005 Holiday Display $ 3,608 $ 6,013 $ 13,142 $ -$ - $ - 0.00% 110-552-520-48100 Advertising $ 151 $ 99 $ 3,404 $ 2,500$ 176 $ 7,950 4517.05% 110-552-520-48102 Seasonal Rentals $ 2,537 $ 26,000 $ 29,823 $ 182,890 $ 197,736 $ 201,680 101.99% 110-552-520-49400 Uniforms & Clothing $ - $ - $ 425 $ 300$ - $ 175 0.00% 110-552-520-51000 Office Supplies $ - $ - $ 1,805 $ 1,500$ 4,366 $ 3,905 89.44% 110-552-520-52000 Operating Supplies $ 13,789 $ 1,185 $ 2,631 $ 5,000$ 5,141 $ 2,915 56.70% 110-552-520-52100 Gasoline & Diesel Fuel $ - $ - $ - $ 612 $ - 0.00% 110-552-520-54200 Memberships, Dues, & Subscriptions $ 1,045 $ 1,045 $ 1,454 $ 1,800 $ 1,480 $ 1,155 78.04% Total Operating Expenditures $ 368,190 $ 414,498 $ 600,857 $ 898,010 $ 785,593 $ 752,006 95.72% Capital Outlay 110-552-520-63000 Improvement Other Than Bldg $ 14,058 $ 8,464 $ 626,029 $ 700,000 $ 5,865 $ 2,450,000 41773.23% 110-552-520-63050 Improvements - Streets $ - $ - $ - $ - $ - $ - 0.00% 110-552-520-63050 Improvements - Sidewalks $ - $ - $ - $ 100,000 $ 100,000 $ 200,000 200.00% Total Capital Outlay $ 14,058 $ 8,464 $ 626,029 $ 800,000 $ 105,865 $ 2,650,000 0.00% Grants and Aids 110-552-520-82111 Grants/Small Residential/Business $ 82,869 $ 312,792 $ 210,000 $ 20,000 $ 15,259 $ 41,500 271.97% 110-552-520-82118 Grants and Incentives $ 186,365 $ 1,176,253 $ 286,393 $ 850,000 296.79% 110-552-520-82190 Reserve $ - $ 150,593 $ - $ 272,622 --- Total Grants and Aids $ 82,869 $ 312,792 $ 396,365 $ 1,346,846 $ 301,652 $ 1,164,122 385.92% Other Uses 110-552-520-91001 Transfer to General Fund $ 99,270 $ - $ - $ - $ - $ - 0.00% 110-552-520-91010 Transfer to General Fund - ILA 2008 $ 154,715 $ 154,633 $ 168,597 $ 168,500 $ 168,500 $ 468,919 278.29% 110-552-520-91010 Transfer to General Fund - ILA 2009 $ 50,225 $ 50,227 $ - $ - $ - 0.00% 110-552-520-99110 Indirect Cost - General Fund $ 494,274 $ 232,977 $ 390,640 $ 439,245 $ 439,245 $ 483,170 110.00% Total Other Uses $ 798,484 $ 437,837 $ 559,237 $ 607,745 $ 607,746 $ 952,089 156.66% Expenditure Total: $ 1,263,601 $ 1,174,490 $ 2,327,392 $ 3,907,743 $ 1,994,869 $ 5,856,007 293.55% Profit/(Loss) $ 214,083 $ 610,201 $ (289,194) $ - $ 729,663 $ -  Town of Lake Park Budget Fiscal Year 2025/2026 Salary & Benefit Costs Merit 3%/COLA 1.5% Merit Total Current COLA Worker's Total Salary & Department Position Status Increase Expected FICA FRS Medical Opt-Out Dental Life Vision Disability Salary 1.5% Comp Benefits Costs 3% Salary 520 - CRA Community Redevelopment Administrator $95,472 $2,864 $1,432 $99,768 $7,632 $13,598 $14,620 $0 $452 $122 $55 $504 $80 $136,831 520 - CRA Code Compliance Officer $73,549 $2,206 $1,103 $76,858 $5,880 $10,476 $14,620 $0 $452 $122 $55 $322 $1,822 $110,607 520 - CRA Project/Marketing Coordinator Vacant $60,000 $1,800 $900 $62,700 $4,797 $8,546 $14,620 $0 $452 $122 $55 $408 $50 $91,750 $229,020 $6,871 $3,435 $239,327 $18,309 $32,620 $43,860 $0 $1,356 $365 $165 $1,234 $1,952 $339,188 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-311.115 Ad Valorem Taxes - County $1,049,177 $0 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 PRELIMINARY BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-369.100 Miscellaneous - Other $500,000 Potential Sale of CRA Property $500,000 $500,000 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 PRELIMINARY BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-381.001 Transfer from General Fund $2,012,287 $0 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 PRELIMINARY BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-399.999 Balance Brought Forward $2,294,543 $0 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 PRELIMINARY BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-31000 Professional Services $57,200 Financial Consulting $8,200 Real Estate Services - Appraisals (4-5 to support Potential $12,000 Property Purchases) Real Estate Services (i.e. surveys, title searches, etc.) $3,000 Disseminate CRA District Information (i.e. event support - Rust $15,500 Market, cross promotion of CRA, etc.) Park Avenue Banners (Approx. $150 each) $3,500 Other Professional Services $15,000 $57,200 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-31100 Professional Services - Town Attorney $21,500 Town Attorney $0 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-34000 Contractual Services $241,480 Landscape Services ( i.e. monthly maintenance, tree trimming, $188,250 landscape replacements, emergency services, etc.) Alleyway Cleanup (i.e. 700-900 blocks, etc.) $20,000 Park Avenue Lighting Maintenance $1,800 Park Avenue Lighting Replacement $3,500 RMA Contract (i.e. marketing services, graphic design, advisory $7,500 services, event support, etc.) Alarm Monitoring $1,930 Custodial $3,500 Other Contractual Services $15,000 $241,480 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-34001 Contract PBC Sheriff $140,700 PBSO Extra Detail Patrols as Scheduled $140,700 $140,700 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-40000 Travel & Training $8,010 Florida Redevelopment Association (October 14-17, 2025) West Palm Beach, FL - CRA Chair & Board Members, CRA Executive Director, CRA Administrator, CRA Project/Marketing Coordinator Registration Fee (with tours) x 8 $3,560 Mileage (30 miles @$.70 x 3 days x 2) $189 Mileage (30 miles @$.70 x 2 days x 5) $210 Parking $20 x 2 x 3 days $120 Parking $20 x 6 x 2 days $240 Academy Classes x 3 $2,080 Various Web Trainings $1,611 $8,010 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-41100 Telephone $1,269 State of Florida $6 Mobile Phone - CRA Administrator $423 Mobile Phone - CRA Project/Marketing Coordinator $423 Mobile Phone - Code Compliance Officer $423 $1,269 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-41200 Postage & Shipping $1,136 Postage for Community Outreach Meetings x 4 $1,136 $1,136 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-43000 Utilities $18,836 Water & Sewer - Downtown ($1,395 per month) $16,736 Water & Sewer - 7th Street Pocket Park ($100 per month) $1,200 Water & Sewer - CRA Office ($75 per month) $900 $18,836 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-44200 Equipment Leases $2,820 Copier ($235 per month) $2,820 $2,820 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-45000 Insurance $20,000 $20,000 FMIT - FY 2026 Estimated Premium (i.e. general, professional, cyber, auto, etc.) $20,000 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 PRELIMINARY BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-46000 Repairs & Maintenance $14,500 Pressure Washing - Park Avenue ($6,000 x 2) $12,000 General Maintenance (i.e. pest control, fuses, fasteners, etc.) $2,500 $14,500 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-47000 Printing $4,325 CRA District Informational Materials (i.e. brochures, flyers, $4,250 posters, banners, annual report) Business Cards $75 $4,325 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-48000 Promotional Activity $2,450 Promotional Items (i.e. magnets, bags, key chains, event $2,450 support, etc.) $2,450 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-48100 Advertising $7,950 Holiday Lighting - CRA Downtown District (i.e. radio, television, $7,950 print, social media, etc.) $7,950 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-48102 Seasonal Rentals $201,680 Christmas Tree, Menorah, Kinara $29,823 Light Display - Park Avenue $136,357 Disseminate CRA District Information $30,000 Lighting - Public Areas & Buildings (i.e. CRA building, fire station, $5,500 etc.) $201,680 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-49400 Uniforms & Clothing $175 CRA Project/Marketing Coordinator $175 $175 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-51000 Office Supplies $3,905 Office Supplies (i.e. pens, ink, post it notes, etc.) $375 CRA Information Booth (i.e. tablecloth, backdrop, decorations, etc $1,580 Office Furnishings (i.e. storage, desks, table, chairs, etc.) $1,950 $3,905 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-52000 Operating Expenses $2,915 Various Expenses (i.e. fertilization, small tools, marketing $2,417 refreshments, awards, etc.) PBC Fire (i.e. ad-valorem assessment, inspections, etc.) $498 $2,915 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-54200 Memberships, Dues & Subscriptions $1,155 Florida Redevelopment Association (FRA) $980 Florida Commerce Special District Accountability Fee $175 $1,155 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-63000 Improvements Other Than Bldg. $2,450,000 10th Street Streetscape (Park Avenue to Northern Drive) $1,000,000 Phase I - Master Plan - Bert Bostrom Community Center $400,000 Parking - CRA Downtown Alleyways $500,000 Roadway Improvements - Various Locations - CRA District $500,000 Reserve $50,000 $2,450,000 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-63050 Improvements - Sidewalks $200,000 Various Locations - CRA District $200,000 $200,000 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-82111 Grants - Small Residential/Business $41,500 Various CRA District Grants - (i.e. paint, plant, pave, beautify $41,500 Lake Park, grand openings, etc.) $41,500 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 PRELIMINARY BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-82118 Grants & Incentives $850,000 Oceana Coffee (Grant Award Payment - 4 of 5) $200,000 903 Park Avenue (Kelsey Market) $100,000 Proposed New Grants Awards $550,000 $850,000 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 PRELIMINARY BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-82190 Reserve $272,622 Potential Bond Issuance Expenditures $272,622 $272,622 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 PRELIMINARY BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-91010 Transfer to General Fund - ILA 2008 $486,919 $0 TOWN OF LAKE PARK - ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY (FUND 110) DEPARTMENTAL BUDGET DETAIL FISCAL YEAR 2025-26 PRELIMINARY BUDGET ACCOUNT NUMBER DESCRIPTION REQUEST 2025-26 110-552-520-99110 Indirect Cost - General Fund $483,170 $0