Investing in our Future

2014 City of Palm Coast Update

Our Future is Bright

Population

Sources: US Census and Bureau of UF Economic and Business Research

200020022004200620082010201220142016201820202022202420262028203020322034

0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,00032,732

76,450

112,831

132,201

150,657

168,112

City of Palm Coast Population Estimates & Projections

Employment“Palm Coast is No. 1 in the nation for unemployment decline over the past year”

Source: 24/7 Wall Street

Real Estate

Home Construction

“one of the 15 best housing markets in next

five years”Source: Business Insider Magazine

Investment

Since June 2009

Business Growth

Taxable Sales

Tourism

Our Tax Dollars

Our Tax Dollars

2008 2009 2010 2011 2012 2013 20140.00000

0.50000

1.00000

1.50000

2.00000

2.50000

3.00000

3.50000

4.00000

4.50000

2.96

234

2.96

230

3.50

000

3.50

000

3.99

000

4.29

580

4.27

050

3.18

530

3.54

010

4.06

420

4.17

560

4.05

520

4.29

580

4.27

050

Adopted vs. Rolled Back Millage RatesFiscal Year 2008-2014

Adopted Millage Rate Rolled-Back Rate

FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

Ad Valorem Receipts$

(Mill

ions

)

Our Tax Dollars

Our Investments

Palm Coast Parkway 6-Laning

Tran

spor

tatio

n

Project Cost: $13.6 MillionSchedule: Early 2014-Late

2015

Net +63 Trees83% FDOT

Funded

Northeast Corridor Projects

Tran

spor

tatio

n 2014-2015

201420

14-2

015

2015-2016

Bulldog Drive Improvements

Tran

spor

tatio

n

Project Cost: $5.1 MillionSchedule: Jan - Sept 2014

School Circulation &

SR100 Improvements

Stormwater Improvements

Funded by SR100 CRA

Bulldog Drive Reconstruction

Matanzas Woods &Seminole Woods Paths

Tran

spor

tatio

n

Weir Replacement

SimilarFinishedProject

Stor

mwa

ter

Zero Liquid DischargeUt

ility

Project Cost: $9.3 Million

Increases Capacity

Eliminates Discharge

Long Creek Nature Preserve

Park

s and

Bea

utifi

catio

n

Project Cost: $1.5 Million (Phase 1)

Holland Park &Community Center Renovations

Park

s and

Bea

utifi

catio

n

Project Cost: $5.7 MillionPhased Project

Phase 1 – Site WorkSchedule: 2014-2015

Future PhasesPhase 2 – Building

RenovationsPhase 3 – Sports Lighting

Phase 4 – Splash ParkCommunity Center Renovation Under Design

Gateway ImprovementsPa

rks a

nd B

eaut

ifica

tion

Design and ConstructionCompleted In-House

City HallCity Council Parameters• Appropriate Project Size and Scope• No Increase in Existing Residents’ Taxes

– No more rent payments• Use Existing Financial Resources

City Hall Offices• 32,000 s.f. Office Building• $6.9 million

– 5.8 million: CRA Loan Repayment– 1.1 million: Building Permit Reserves

Central Park Community Areas• 8,000 s.f. Meeting Rooms/Public Areas• $2.2 million

– Future Phase funded through CRA RevenuesCity

Hal

l

City HallCi

ty H

all

Thank You!Jim Landon, City Manager