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FINAL PUBLIC BUDGET HEARING AGENDA Downtown Development Authority Tuesday, September 22, 2026 107 S. Olive Suite 200 West Palm Beach FL, 33401 htps://downtownwpb.com/DDA

CALL TO ORDER

Peter Cruise

PUBLIC HEARING FORMAT

Janice Rustin

PRESENTATION PUBLIC COMMENTS AND QUESTIONS NEW BUSINESS (Action Required) • Adoption of Resolution 04-2026 Setting Final Millage Rate for Fiscal Year 2026-2027 • Adoption of Resolution 05-2026 Final Budget for Fiscal Year 2026-2027

Peter Cruise Peter Cruise

CLOSE THE PUBLIC HEARING ADJOURNMENT

Peter Cruise

107 S. Olive Avenue, Suite 200, West Palm Beach, FL 33401 Phone: 561.833-8873|Fax: 561.833.5870| www.downtownwpb.com

DDA BUDGET - FINAL PUBLIC HEARING SEPTEMBER 22, 2026 The DDA should conduct the final public hearing on the proposed millage rate and the tentative budget in the following manner: 1.

After calling the final public hearing to order, the public hearing should be opened, the following items should be announced: a. Announce that the proposed millage rate of .9700 mill necessary to fund the budget is a 50.48% decrease from the rolled back rate of 1.9588. b. Announce the proposed millage rate of .9700 mill. c. Provide summary of the tentative adopted budget

Any member of the public desiring to address the DDA on the proposed millage or the tentative budget should be given the opportunity to do so. The public is permitted to ask questions prior to the closing of the public portion of the hearing.

The DDA may amend the tentative budget and re-compute the proposed millage rate. If the millage rate is changed, there must be a public announcement of the percent, if any, by which the new millage rate exceeds the rolled-back rate.

The public portion of the hearing should be closed.

Staff should make the following announcement: The West Palm Beach Downtown Development Authority’s rollback rate is 1.9588 mills. The Downtown Development Authority is levying ad valorem taxes at a millage rate of .9700 mill, which is a 50.48% decrease from the roll back rate.

Resolution 04-2026 should be read by title only and then adopted by motion. The motion should be "I move that the Adoption of Resolution 04-2026, setting the final millage rate for fiscal year 2026/2027 be set at .9700 mill".

Resolution 05-2026 should be read by title only and then adopted by motion. The motion should be "I move the approval of Resolution 05-2026, adopting the final budget for fiscal year 2026/2027.

By motion, the DDA should adjourn the public hearing and the meeting.

RESOLUTION NO. 04-2026 A RESOLUTION OF THE WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY ADOPTING A FINAL MILLAGE RATE FOR FISCAL YEAR 2025/2026; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES WHEREAS, by State law, the West Palm Beach Downtown Development Authority, an independent special district, is required to annually hold advertised public hearings in order to fix a millage rate to be levied by the Downtown Development Authority; and WHEREAS, the Downtown Development Authority held a public hearing on September 10, 2026, adopting a proposed millage rate and tentative budget; and WHEREAS, the Downtown Development Authority duly advertised and held a public hearing on September 22, 2026, in order to adopt a final millage rate and final budget, in accordance with Section 200.065(2)(d), Florida Statutes. NOW, THEREFORE, BE IT RESOLVED BY THE WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY THAT: Section 1:

The Downtown Development Authority does hereby adopt its final millage rate of .9700 mill to be levied necessary to fund the final budget upon all real property located within the boundaries of the above-named taxing authority.

Section 2:

The final levy of .9700 mill is a 50.48 % decrease from the rolled back rate of 1.9588 mills.

Section 3:

This final millage rate of .9700 mill is levied to fund expenses for the fiscal year commencing October 1, 2026, and ending September 30, 2027.

Section 4:

This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 22nd DAY OF SEPTEMBER 2026 WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY ________________________________________ Peter Cruise, Chairman ATTEST: __________________________ CERTIFICATE I, the undersigned Executive Director of the West Palm Beach Downtown Development Authority, do hereby certify that the foregoing is a true and correct copy of the Resolution adopted by said Authority on the 22nd day of September 2026. _____________________________ TENEKA JAMES EXECUTIVE DIRECTOR 107 S. Olive Avenue, Suite 200, West Palm Beach, FL 33401 Phone: 561.833-8873|Fax: 561.833.5870| www.downtownwpb.com

RESOLUTION NO. 05-2026 A RESOLUTION OF THE WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY ADOPTING THE FINAL BUDGET FOR FISCAL YEAR 2026/2027; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES WHEREAS, in accordance with State law, the West Palm Beach Downtown Development Authority, an independent special district, is required to hold advertised public hearings each fiscal year in order to adopt an annual budget; and WHEREAS, the Downtown Development Authority held a public hearing on September 10, 2026, regarding the proposed millage and tentative budget; and WHEREAS, the Downtown Development Authority duly advertised and held its final public hearing on September 22, 2026, to adopt a final millage rate and final budget, in accordance with Section 200.065(2)(d), Florida Statutes. NOW, THEREFORE, BE IT RESOLVED BY THE WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY THAT: Section 1:

The proposed expenditures in the final budget are $11,466,815. The budget is based on a taxable value of real property of $4,800,849,764, personal property of $0, and anticipated ad valorem revenue of $4,423,983.

Section 2:

The final budget, attached as Exhibit A, is approved and the funds may be expended commencing on October 1, 2026, and ending on September 30, 2027.

Section 3:

Any and all carryover funds from the 2025/2026 final budget not expended during the fiscal year 2025/2026 may be used and expended during subsequent fiscal years.

Section 4:

This Resolution shall take effect immediately upon adoption. PASSED AND ADOPTED THIS 22nd DAY OF SEPTEMBER 2026 WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY ________________________________________ Peter Cruise, Chairman

ATTEST: _________________________

CERTIFICATE I, the undersigned Executive Director of the West Palm Beach Downtown Development Authority, do hereby certify that the foregoing is a true and correct copy of the Resolution adopted by said Authority on the 22nd day of September 2026. _____________________________ TENEKA JAMES EXECUTIVE DIRECTOR 107 S. Olive Avenue, Suite 200, West Palm Beach, FL 33401 Phone: 561.833-8873|Fax: 561.833.5870| www.downtownwpb.com

West Palm Beach Downtown Development Authority FY 2026/2027 Budget Exhibit A - Resolution No. 05-2026 DDA CRA 2026-2027 2026-2027 Tax Revenues @ .97 mil $ 4,423,983 $ TIF $ (4,247,457) $ DDA/CRA Interlocal Agreement $ $ 8,945,089 DDA/City Interlocal Reimbursements $ $ CRA Project Funding $ $ Interest $ 100,000 $ Grants $ 20,000 $ Fees/Services $ 200 $ Carryforwards $ $ Total Revenue $ 296,726 $ 8,945,089 Revenue

4010 4020 4030 4032 4035 4900 4070 4071 4210

DDA 2026-2027

Expenses 6140 6195 6230 6240 6321 6330

6220 6236 6270 6290 6295

Business Development Grand Openings/New Business Training Leasing/Brokers Meetings Business Training and Support Façade Improvement Programs Property & Business Incentives Business Partnerships

District Services Holiday Lights Pressure Washing & Maintenance Landscaping Public Space Enhancements Downtown Clean Team

$ $ $ $ $ $ Totals $

CRA 2026-2027 $ $ $ $ $ $ $

DDA 2026-2027 $ $ $ $ $ Totals $

10,000 10,000 25,000 75,000 200,000 75,000 395,000 CRA 2026-2027

$ $ $ $ $ $

220,000 700,000 520,000 100,000 1,750,000 3,290,000

CRA/City Project Fund $ $ $ $ 200,000 $ $ $ $ $ $ 200,000

CRA Carry Forward $ $ $ $ $ $ $ $ $ 1,500,000 $ 1,500,000

DDA Carry Forward $ $ $ $ $ $ $ $ $ 525,000 $ 525,000

CRA/City Project Fund

CRA Carry Forward

DDA Carry Forward

$ $ $ $ $ $ $

CRA/City Project Fund $ $ $ $ $

$ $ 200,000 $ $ $ 200,000 $

5,000 8,000 35,000 30,000 150,000 50,000 278,000

$ $ $ $ $

CRA Carry Forward 150,000 80,000 500,000 730,000

FY 26/27 $ $ $ $ $ $ $ $ $ $

Grand Total $ $ $ $ $ $ $

DDA Carry Forward $ $ $ $ $ $

30,000 134,000 100,000 264,000

4,423,983 (4,247,457) 8,945,089 200,000 100,000 20,000 200 2,025,000 11,466,815

15,000 18,000 60,000 105,000 350,000 125,000 673,000 Grand

$ $ $ $ $ $

TOTAL 250,000 850,000 934,000 200,000 2,250,000 4,484,000

West Palm Beach Downtown Development Authority FY 2026/2027 Budget Exhibit A - Resolution No. 05-2026

6120 6122 6210 6235 7700 6300

6372 7500 7600 7610

6010 6040 6030

Communications /Public Relations Advertising $ Public Relations $ Community and Cultural Promotions $ Value Added Programs $ Communication Programs, Equipment & Web $ Collateral Materials $ Totals $

Public Realm Placemaking Programs Transportation Downtown Ambassador Program Community Outreach & Policing

General Office General Office Equipment, Computers & Programs General Postage

DDA 2026-2027 -

CRA 2026-2027 $ $ $ $ $ $ $

DDA 2026-2027 $ $ $ $ Totals $

20,000 20,000

CRA 2026-2027 $ $ $ $ $

DDA 2026-2027 $ $ $ Totals $

2,000 2,000

305,000 150,000 75,000 75,000 75,000 80,000 760,000

110,000 400,000 1,458,000 750,000 2,718,000 CRA 2026-2027

$ $ $ $

20,000 55,000 75,000

CRA/City Project Fund $ $ $ $ $ $ $

CRA Carry Forward $ $ $ $ $ $ $

CRA/City Project Fund $ $ $ $ $

$ $ $ $ $

200,000 137,000 337,000

$ 100,000

$ $ $

$ 100,000 $ DDA Carry Forward

$ $ $ $

CRA Carry Forward $ $ $ $

Grand

$ $ $

CRA Carry Forward

CRA/City Project Fund $ $ $ $

95,000 35,000 25,000 155,000

DDA Carry Forward

Grand $ $ $ $ $

DDA Carry Forward $ $ $

TOTAL 400,000 185,000 175,000 75,000 100,000 80,000 1,015,000

25,000 $ $ $ 25,000 $

TOTAL 130,000 600,000 1,595,000 750,000 3,075,000 Grand TOTAL 45,000 55,000 2,000 102,000

West Palm Beach Downtown Development Authority FY 2026/2027 Budget Exhibit A - Resolution No. 05-2026

6420 6430 6440 6460

6241 6510 6520 6530 6540

Operations Dues Hospitality Board Meetings/Legal Notices Telephone

Professional Services Studies and Surveys Accounting Audit Legal Professional Services

DDA 2026-2027 $ $ $ $ Totals $

7,000 3,000 2,000 2,000 14,000

CRA 2026-2027 $ $ $ $ $

DDA 2026-2027 $ $ $ $ $ Totals $

25,000 80,000 105,000

Personnel Insurance Rent Tax Collection Travel & Training (Board & Staff) Reserves

$ $ $ $ $ $ Totals $ Total Expenses $

47,874 53,000 21,000 20,000 13,852 155,726 296,726 -

$ $ $ $ - $

CRA 2026-2027 $ $ $ $ $ $

DDA 2026-2027 7000 7100 7200 7300 7800 7900

CRA/City Project Fund

25,000 22,500 60,000 107,500 CRA 2026-2027

$ $ $ $ $ $ $ $

1,155,000 300,000 144,589 1,599,589 8,945,089 -

CRA Carry Forward

$ $ $ $ - $

CRA/City Project Fund $ $ $ $ $ $

200,000 -

$ $ $ $ - $

CRA Carry Forward

$ $ $ $ $

CRA/City Project Fund $ $ $ $ $ $ $ $

DDA Carry Forward

$ $ $ $ $

1,500,000 -

$ $ $ $ $

DDA Carry Forward

$ $ $ $ $

CRA Carry Forward

5,000 3,000 1,000 5,000 14,000

Grand

$ 11,000 $ $ 65,000 $ $ 76,000 $ DDA Carry Forward

5,000

$ $ $ $ $

7,000 20,000 14,000 46,000 525,000 -

TOTAL 12,000 6,000 3,000 7,000 28,000

TOTAL 25,000 36,000 22,500 145,000 60,000 288,500 Grand

$ $ $ $ $ $ $ $

TOTAL 1,202,874 58,000 300,000 28,000 40,000 172,441 1,801,315 11,466,815 -