Legislation Details

File #: 26-0068 CRA    Version: 1 Name:
Type: CRA Board Action Status: Agenda Ready
File created: 4/21/2026 In control: Community Redevelopment Agency
On agenda: 4/28/2026 Final action:
Title: DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY BUDGET AMENDMENT NO. 1, FISCAL YEAR 2025-2026
Attachments: 1. Agenda Cover Report, 2. Exhibit A - Resolution No. 2026-04, FY 2025-2026 Budget Amendment No. 1, 3. Exhibit B - FY 2025-2026 Budget Amendment No. 1
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TO:                                           CRA Board of Commissioners

FROM:                       Gina Clayton, Finance and Operations Director

THROUGH:                     Renée A. Jadusingh, Esq., Executive Director

DATE:                      April 28, 2026

 

Title

DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY BUDGET AMENDMENT NO. 1, FISCAL YEAR 2025-2026

 

Body

Recommended Action:

Recommendation

Approve Delray Beach Community Redevelopment Agency Resolution No. 2026-01 adopting Budget Amendment No. 1 for FY 2025-2026.

 

Body

Background:

 

Attached please find Resolution No. 2026-01 Budget Amendment No. 1 - FY 2025-2026. The items highlighted in yellow are significant modifications that are being proposed in this amendment. The following are significant modifications included in the proposed amendment:

 

1.                     Reimbursement-City of Delray Beach (G/L #4700) - An increase of $253,815 was a result of remaining funds provided by the CRA on City completed (CIP) projects which are refunded by to the CRA.

 

2.                     Interest-Earned (G/L #4900) - An increase of ($170,000) because of updated estimates of interest earnings for the fiscal year.

 

3.                     SW 8th and SW 2nd Improvement (CIP) (G/L #5367) - The budget line was increased by $107,00 per additional funding request from the City of Delray Beach.

 

4.                     Northwest Neighborhood Improvements CIP (G/L #5622) - The budget line was decreased by $3,706,725 to accommodate the funding increase requests from the City for Pompey Park and various other CRA redevelopment projects.

 

5.                     Pompey Park PreCon and Project Owners Rep (CIP) (G/L #5661a) - The budget line item was added due to an additional request from the City in the amount of $3,000,000.

 

6.                     95 SW 5th Avenue Construction (G/L#6516B) - The budget line was increased by $225,000, because of updated estimated costs of completing the project.

 

7.                     102 NW 5th Avenue-Renovation/Expansion (G/L#6222) - The budget line was increased by $400,000 because of increased construction costs from original estimates.

 

8.                     182 NW 5th Avenue-Renovation (G/L#6223) - The budget line was added to include $250,000 renovation cost estimates for the Muse House.

 

9.                     Arts Warehouse-Capital Assets (G/L #7444) - The budget line was increase by $150,000 because of increase renovation costs from the original estimates.

 

Attachment(s): Exhibit A - Resolution No. 2026-04, FY 2025-2026 Budget Amendment No. 1, Exhibit B - FY 2025-2026 Budget Amendment No. 1

 

CRA Attorney Review:

N/A

 

Finance Review:

N/A

 

Funding Source/Financial Impact:

N/A