Item Coversheet

5919 MAIN STREET .  NEW PORT RICHEY, FL 34652 . 727.853.1016


TO:Members of the Community Redevelopment Agency
FROM:Mario Iezzoni, Economic Development Director
DATE:4/2/2019
RE:Community Redevelopment Annual Report - Page 184

REQUEST:

Community Redevelopment Agency Board to consider and adopt the annual report as required by Florida Statue 163.356 (3)(c)




DISCUSSION:

Florida Statute 163.356 (3)(c) requires each year that the Community Redevelopment Agency (CRA) report its activities for the preceding fiscal year. The report shall include a complete set of financial statements. At the time of filing the report, the agency shall publish in a newspaper of general circulation in the community a notice to the effect that such report has been filed with the municipality and that the report is available for inspection during business hours in the office of the clerk of the city .

 

The attached published reports highlights CRA activity for fiscal year ending September 30, 2018. Listed in the report is a brief narrative of several CRA projects as well as some additional insight. The report contains the following items:

 

  • Hacienda Hotel Progress
  • Main Street Landings Progress
  • The Central Residential Project
  • Business Incentive Grant Economic Impact
  • Downtown Rent Rates and Business Count
  • 5800 Main Commercial Redevelopment Project
  • Opportunity Zone Designation
  • US - 19 & Marine District
  • CRA 2019 Plan Update and Gibbs Planning Group Market Studies

 Included is the CRA annual financial statements, indicating assets held by the CRA, tax increment revenues and results of operations.

 




RECOMMENDATION:
Adoption of the Community Redevelopment Agency's Annual Report.


BUDGET / FISCAL IMPACT:
None
ATTACHMENTS:
DescriptionType
CRA Annual ReportBackup Material