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File #: 18-0416 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 7/31/2019 In control: Community Redevelopment Agency
On agenda: 8/13/2019 Final action:
Title: CRA FINANCIAL REPORT - JUNE 2019
Attachments: 1. Agenda Cover Report, 2. Exhibit A - June 2019 Financial Statements
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TO:                                           CRA Board of Commissioners

FROM:                       Lori Hayward, Finance and Operations Director

THROUGH:                      Renée Jadusingh, Esq., Executive Director

DATE:                      August 13, 2019

 

Title

CRA FINANCIAL REPORT - JUNE 2019

 

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Recommended Action:

Recommendation

Receive and File.

 

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Background:

Attached are the June 2019 Financial Statements [1] Statement of Net Assets and [2] Statement of Activities with Budget vs. Actual (YTD). Below are highlights of significant activities that occurred during the month of June:

 

1.                     Ground Lease-Prime Hotel, LLC (Fairfield Inn) (G/L #4250) - Revenue of $83,953 was received per the ground lease agreement, which is 2% of gross room sales for the previous 12-month period.

 

2.                     Downtown-DB-Master Plan-NE 3rd St/Avenue/Alley Improvements (CIP) (G/L #5251) - Payments totaling $28,312 were made to Calvin Giordano & Associates, Inc. for NE 3rd Street Sewer and Parking for the Artist Alley improvements.

 

3.                     Redevelopment Sites-Property Insurance (G/L #6310) - A payment in the amount of $26,154 was made to Florida Municipal Insurance Trust.

 

 

 

 

 

Attachment(s): Exhibit A - June 2019 Financial Statements