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South St. Petersburg Redevelopment Area

Legal Name of District and Date Established

The Tax Increment Financing District and Redevelopment Trust Fund for the “South St. Petersburg Community Redevelopment Area” (South St. Petersburg CRA Dependent Special District) was approved by St. Petersburg City Council on June 11, 2015, and the Pinellas County Board of County Commissioners on June 23, 2015.

Public Purpose

The South St. Petersburg CRA Dependent Special District was established to remedy blighting conditions within the South St. Petersburg Community Redevelopment Area, pursuant to the authority provided by the Florida Community Redevelopment Act of 1969. 

Boundaries

The South St. Petersburg CRA Dependent Special District is generally bounded by 2nd Avenue North, Interstate 275, Interstate 175 and Booker Creek on the north; 4th Street South on the east; 30th Avenue South on the south; and 49th Street on the west.

Services Provided

The South St. Petersburg CRA Dependent Special District provides a sustainable and durable source of financing to assist private enterprise in remedying blight and poverty in South St. Petersburg. The City intends to direct the vast majority of tax increment financing revenues that are deposited into the Trust Fund to provide direct assistance for private investment in residential and non-residential redevelopment in the form of grants, loans, property tax abatements or other vehicles that help businesses leverage capital from diverse sources.  The City also envisions providing funding assistance to governmental and non-profit entities that provide array of services supporting the intent of the redevelopment plan, including marketing and promotion, business assistance and loans, workforce development and job readiness.

Authorizing Statute

Florida’s Community Redevelopment Act of 1969 (Chapter 163, Part III), Section 163.330 et seq.

Authorizing Documents

The South St. Petersburg CRA Dependent Special District was established under the requirements of Florida’s Community Redevelopment Act of 1969, which authorizes the creation of a tax increment financing district and redevelopment trust fund to remedy slum and blight (as defined by Sec. 163.340(8)).  The instruments below must first be approved by St. Petersburg City Council and the Pinellas County Board of County Commissioners in order for the special dependent district to be established. 

  • June 20, 2013                       
    St. Petersburg City Council Approves findings of necessity establishing South St. Petersburg as a Community Redevelopment Area under Florida’s Community Redevelopment Act of 1969 (Resolution 2013-247).
  • October 8, 2013                        
    Pinellas County Board of County Commissioners (BCC) Approves City’s findings of necessity (Resolution 13-186).
  • June 3, 2014            
    Pinellas County Board of County Commissioners Delegates Authority to City Council to Act as Community Redevelopment Agency and Prepare a Community Redevelopment Plan (Resolution 14-43).
  • May 21, 2015
    St. Petersburg City Council Adopts South St. Petersburg Community Redevelopment Plan (Ordinance 169-H). 
  • June 2, 2015
    Pinellas County Board of County Commissioners Approves South St. Petersburg Community Redevelopment Plan (Resolution 15-48). 
  • June 2, 2015
    City of St. Petersburg and Pinellas County execute revised “Interlocal Agreement between the City of St. Petersburg, Florida and Pinellas County, Florida for Governance of the South St. Petersburg Community Redevelopment Area.” 
  • June 11, 2015
    St. Petersburg City Council Establishes a Redevelopment Trust Fund for the South St. Petersburg Community Redevelopment Area (Ordinance 175-H). 
  • June 23, 2015
    Pinellas County Board of County Commissioners Approves Redevelopment Trust Fund for the South St. Petersburg Community Redevelopment Area (Ordinance 15-27).

Contact Information

Registered Agent
Dave Goodwin, Director
City of St. Petersburg
Planning and Economic Development Department
One 4th Street North
St. Petersburg, Florida, 33701
 
Governing Body
St. Petersburg Community Redevelopment Agency*
St. Petersburg City Hall
175 5th Street North
St. Petersburg, Florida, 33701
727-893-7117
council@stpete.org
 
Staggered Four-year Term Lengths
 
* St. Petersburg City Council is solely delegated the authority to serve as the Agency by the Pinellas County Board of County Commissioners, pursuant to Sec. 163.357 and Sec. 163.410, FS.

Revenue Information

**FY2017 Revenue:                        

 City of St. Petersburg TIF Contribution   $716,232
 Pinellas County TIF Contribution   $513,669
 Interest Earnings       $0.00
 Total    $1,229,901

** Estimates based on Pinellas County Property Appraisers Office “2016 Taxable Value by Tax Increment Financing District Increment Adjustment Worksheet” as of July 1, 2016, Preliminary Tax Roll.”

FY2017 Millage Rates:                   

 City of St. Petersburg    6.755
 Pinellas County        5.773
 Total    12.528


Statutory Authority for Levy:

Section 163.387 of Florida Statutes, Community Redevelopment Act of 1969

General Financial Information

Fiscal Year Period:             
October 1st thru September 30th

Tentative Budget:                
Not applicable

Final Adopted Budget:       
FY17 Recommended Operating and Capital Improvement Budget
FY17 Recommended Budget Supplement

Budget Amendments:                   
On August 11, 2016, City Council approved an amendment to the FY2016 budget for the Redevelopment Trust Fund for the South St. Petersburg Community Redevelopment Area (Fund 1104) rescinding $168,505 from “Housing and Neighborhood Revitalization” (Project 15382) and appropriating $168,505 for transfer to “Business and Workforce Development (Project 15381). At the same meeting, City Council also approved $170,000 in FY2017 revenue for the South St. Petersburg Community Redevelopment Area (Fund 1104) to be available subject to future appropriation to provide assistance for renovating the Merriwether Building, a Local Historic Landmark located at 951 22nd Street South.

Access to State Website:  
https://apps.fldfs.com/LocalGov/Reports/

Final Audit Report:              
2015 Comprehensive Annual Financial Report

Ethics

Fl Commission on Ethics:
http://www.ethics.state.fl.us/

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