Title of Item:
Tentative CRA Budget for FY 2021.
RESOLUTION No. 07-2020 CRA; A RESOLUTION OF THE BOARD OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF STUART, FLORIDA ADOPTING THE TENTATIVE CRA BUDGET AND CRA CAPITAL IMPROVEMENT PROJECTS (CIP) OF THE CITY OF STUART, FLORIDA, FOR FISCAL YEAR BEGINNING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES. Summary Explanation/Background Information on Agenda Request:
The CRA has prepared a tentative CRA budget for FY 2021. Annually, in conjunction with the budget calendar, the CRA must approve a CIP list. The list is consistent with current and ongoing projects, as well as future potential projects that would include funds from Tax Increment Revenues.
The Finance Department is working on the CIP and will be presented to the CRA Board for approval.
Funding Source:
Tax Increment Financing (TIF) Revenue
Recommended Action:
Recommend to the CRA to approve Resolution No. 07-2020, adopting the tentative CRA budget for FY 2021. | | |