 |  | 5919 MAIN STREET . NEW PORT RICHEY, FL 34652 . 727.853.1016 |
| TO: | City of New Port Richey City Council | | FROM: | Charles Rudd, Economic Development Director | | DATE: | 1/21/2020 | | RE: | First Reading, Resolution No. 2020-05: Extension of the CRA to 2049 |
REQUEST:
The request is for City Council to conduct a first reading of Resolution No. 2020-05 for the extension of the CRA to 2049.
DISCUSSION:
During the 2019 legislative session, Chapter 2019-163 Laws of Florida was adopted and created Section 163.3755 Florida Statutes, which provided that the governing body of a municipality having a community redevelopment agency whose existence will extend beyond September 30, 2039 must approve the continued existence of the agency beyond said date by a majority vote of the members of the governing body. This new law became effective October 1, 2019.
RECOMMENDATION:
Staff recommends approval of Resolution No. 2020-05 for the extension of the CRA to 2049.
BUDGET/FISCAL IMPACT:
N/A | | | |