AGENDA MEMORANDUM

 

 

Meeting Date:           May 22, 2006

 

From:                          Ron Stock, City Manager        

 

Subject:                      U.S. Highway 27/441 Community Redevelopment Agency (CRA)

 

 

Staff Recommendation:

Staff recommends acceptance of an Ordinance providing Findings of Fact; providing for the establishment and administration of a Community Redevelopment Trust Fund; providing for the designation of the Community Redevelopment Trust Fund as the recipient of funds pursuant to Section 163.387, Florida Statutes; and the subsequent adoption of a Resolution adopting a Community Redevelopment Plan, establishing a completion period of 30 years and creating a review process.

 

Analysis:

A copy of the Redevelopment Plan, Finding of Necessity Report, and Exhibits of the corridor have been attached for your perusal.  These documents represent the columniation of the efforts of LPG Urban & Regional Planners, Inc. whom the City contracted for this endeavor.

 

The primary purpose of the CRA is to fund transportation improvements on U.S. Highway 27 (the acquisition of right-of-way and the elimination of traffic congestion), the relocation of over-head power lines, and beautification projects along the 441/27 corridor.

 

Options:

1.  Accept the attached Ordinance and approve the subsequent Resolution; or

2.  Such alternative action as the Commission may deem appropriate

 

 

Fiscal Impact

 

Adoption of the CRA will generate a revenue stream (the TIFF Funds) to be used for right-of-way acquisition, the elimination of traffic congestion, the relocation of overhead power lines, and streetscape beautification projects along U.S. Highways 441 and 27.

 


 

Submission Date and Time:    5/18/2006 3:10 PM5/16/2006 8:36 AM5/15/2006 6:03 PM5/12/2006 6:47 PM____

 

Department: ______________________

Prepared by:  ______________________                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                      

Attorney Review :       Yes___  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________RS________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________

 

 

 

 

 

 

No Ordinance attached