Book 1 - City of St. Petersburg

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Service Vehicles The City’s Parks and Recreation Department will operate and maintain the grounds and buildings on the Upland park lands, including Spa Beach, the public restrooms and other public facilities. Because seagrasses frequently wash ashore along Spa Beach, access to this part of the site via a service vehicle ramp will be required for cleanup. The Parks and Recreation Department is not currently responsible for maintaining the Pier. Economic Development Opportunities Community Redevelopment Areas The Florida Legislature passed the Community Redevelopment Act in 1969, allowing for the establishment of Community Redevelopment Agencies throughout Florida. These Agencies have the authority to create Community Redevelopment Areas (CRA’s) with the purpose of encouraging economic development and redevelopment. In St. Petersburg, the Community Redevelopment Agency (the City Council) created (7) CRA’s beginning in 1981 with the Intown (Downtown) Redevelopment Area, shown in red in Figure 3.25: Community Redevelopment Areas Map. The City then prepared a Community Redevelopment Plan to guide the projects to be carried out within the Intown Redevelopment Area. Tax Increment Financing (TIF) Revenue Community Redevelopment Areas have a unique financing method available to fund city projects called Tax Increment Financing. When the City established the Intown Redevelopment Plan in 1981, the assessed value of the properties in the area in red was frozen. The value of this frozen base was roughly $108 million. City and County property taxes generated from the growth in the assessed value over the frozen base are placed in a special Trust Fund to be used to fund approved projects within the redevelopment area. The taxes generated on the frozen base continue to be available to all local taxing agencies for operating purposes (City, County, and School Board). In 2012, the assessed value of the area in red was almost $820 million. This $712 million increment over the frozen base value of 1981 generated $7.3 million of TIF revenues during fiscal year 2012 that was used to pay for approved projects. It is estimated that $162 million of TIF funds will be generated between 2013 and 2032 (the current end date for City/County funding of the Intown TIF). All TIF revenues generated by the redevelopment area must be spent on approved projects within that redevelopment area (the area in red in Figure 3.25). Intown (Downtown) Redevelopment Projects The City’s Intown Redevelopment Plan and its TIF funding have been used to complete many public improvement MICHAEL MALTZAN ARCHITECTURE, INC. 3 - 45
BASIS OF DESIGN BOOK 1 3 GENERAL PLANNING CRITERIA SITE AND URBAN DESIGN CRITERIA (continued) projects throughout the downtown area including: Tropicana Field, BayWalk, MidCore & SouthCore Parking Garages, Streetscape Programs, Waterfront Parks Improvements, Museum Development and others. In 2005, the Intown Redevelopment Plan was amended to add projects including the renovations to the Mahaffey Theater, the Dalì Museum and the proposed Pier project. Other downtown projects to be funded from future TIF Funds include a new mixed use transportation facility and pedestrian streetscape and downtown park improvements. As was the case with the Mahaffey Theater renovation project, the majority of the Pier project will be accomplished using debt financing. The City will borrow funds in the municipal bond market and the debt service (principal and interest) will be paid using the TIF revenues discussed above. Based upon historic and current City/County millage rates, the City TIF revenues will fund approximately 55% of the Intown Projects with the County share being approximately 45%. Example The following is an example of the application of the funding concept described above. This example explains where TIF money comes from and thus how the municipal bonds serving the Pier project will be paid back. John Doe owns a commercial office building downtown. In 1981 the property was valued at $100,000. In 2012, that same property was valued at $650,000. John’s 2012 City taxes on the $550,000 increment (the $650,000 current value minus the $100,000 value in 1981) are $3,252 (based on a City millage rate of 5.9125). His 2012 Pinellas County taxes on the $550,000 increment are $2,680 (based upon a County millage rate of 4.873). The $3,252 plus the $2,680 are placed in the TIF Trust Fund pot along with the incremental tax money from other downtown property owners. Based on this model, the City will borrow the funds to pay for the new Pier project using 20-year municipal bonds (currently at historically low interest rates) and will repay these borrowed funds using the TIF Trust Fund pot of money. 3 - 46 THE NEW ST. PETERSBURG PIER
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THE NEW ST. PETERSBURG PIER BASIS O
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CONTENT: BASIS OF DESIGN BOOK 1 1 2
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LIST OF FIGURES 1 2 3 INTRODUCTION
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4 5 6 7 COMPONENT PLANNING CRITERIA
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EXECUTIVE STATEMENT The new St. Pet
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The full report can be downloaded a
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PURPOSE OF REPORT The purpose of th
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ORGANIZATION OF REPORT The BOD Repo
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2EXECUTIVE SUMMARY
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BASIS OF DESIGN BOOK 1 2 EXECUTIVE
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4COMPONENT PLANNING CRITERIA
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BASIS OF DESIGN BOOK 1 4 COMPONENT
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COMPONENT DESCRIPTIONS Welcome Mat
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LENS CANOPY WELCOME MAT OVERWATER B
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3.3.3 General lighting and electric
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3.3 Electrical 3.3.1 Code lighting
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2.1.5 The Lens Canopy provides shad
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3.2.1 Potable water will be supplie
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2.5.5 All utilities will run in a t
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5BASIS OF DESIGN CONCEPT ANALYSIS
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BASIS OF DESIGN BOOK 1 5 BASIS OF D
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BASIS OF DESIGN CONCEPT PLANS AND D
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A0-53 Existing Structure Plan 0 37
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A1-00 Site Plan 0 62’ 125’ 250
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A2-02 Overwater Drive Plan 0 37’
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A2-04 Balcony Plan 0 37’ 75’ 15
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A3-01 Elevations 1 / North Elevatio
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A4-02 Upland Sections 1 / Upland Ea
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A4-03 Drive, Bridge and Canopy Sect
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A5-10 Enlarged Hub Plan 0 12’ 25
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A5-12 Enlarged Promontory Plan 0 12
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A5-14 Promontory Double “T” Bea
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A9-01 Guardrail Details 1 / Guardra
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COST ESTIMATE PROCESS The process i
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MICHAEL MALTZAN ARCHITECTURE, INC.
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SBE/MWBE Outreach Approach Since op
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Proof of Recent Outreach Success Un
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Strategy and Tactical Approach for
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1 BayCare Corporate Offices 2 Pinel
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pa Bay Region City of St. Petersbur
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PRELIMINARY SCHEDULE Activity Activ
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OPERATING EXPENSE AND MAINTENANCE E
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THE NEW ST. PETERSBURG PIER CLIENT
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Book 1 - City of St. Petersburg

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