Florida Statute 163.371 requires that a Community Redevelopment Agency (CRA) shall file an annual report with the county that created the agency and publish the report on the agency's website. The report must include certain financial information and performance data for each plan authorized, administered, or overseen by the CRA.
The CRA's responsibility is to plan, coordinate, and facilitate efforts to attract, retain and grow businesses within its boundaries.
Business and Development initiative grants were provided to Seafire Grill & Sunset Cove Grill & Bar, as well as the Estuary & Studio NPR. Planning and coordination efforts continue with future project development of both Aqua Harbor and Villa Del Sol communities. The report contains brief narratives for each of these projects.
The City’s redevelopment projects within the US Highway 19 corridor, the Palm and Marine Districts, and in the Downtown Area are described in more detail within the report. Projects in the planning and development stages are also included in the City’s Capital Improvement Plan.
Once approved, notification of the submission and accessibility of the CRA’s annual report will be advertised in the local newspaper, and also made available in the City Clerk's Office and on the City's website.
RECOMMENDATION:
The recommendation is that the CRA Board reviews and approves the annual report, as required by Florida Statute 163.356 (3)(c) and 163.371.
BUDGET / FISCAL IMPACT:
No budget or fiscal impact.