A RESOLUTION BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, ADOPTING A COMMUNITY REDEVELOPMENT PLAN FOR U.S. HIGHWAY 441/27; ESTABLISHING A COMPLETION PERIOD OF 30 YEARS; CREATING A REVIEW PROCESS; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT the Leesburg City Commission hereby adopts the attached US Hwy 441/27 Redevelopment Plan.
THAT the Redevelopment plan and the redevelopment trust fund shall be effective for 30 fiscal years, expiring on September 30, 2036.
THAT the effectiveness and appropriateness of the redevelopment process for the US Hwy 441/27 and Vicinity shall at a minimum be evaluated after 10 years from the effective date of this resolution.
THIS RESOLUTION shall take effect immediately.
PASSED AND ADOPTED at the regular meeting of the City commission of the City of Leesburg, Florida, held on the 22nd day of May , 2006.