Legislation Details

File #: 24-1472    Version: 1 Name:
Type: Recommendation Status: Passed
File created: 9/18/2024 In control: County Administrator
On agenda: 10/8/2024 Final action: 10/8/2024
Title: Approval to disburse $250,000 to the Orange Blossom Trail Development Board for administration in order to maintain normal operations for the first quarter of Fiscal Year 2024-25. (Office of Management and Budget)

Interoffice Memorandum

 

DATE: September 4, 2024

 

TO: Mayor Jerry L. Demings and County Commissioners

 

THROUGH: N/A

 

FROM: Kurt N. Petersen, Director, Office of Management and Budget

 

CONTACT: N/A

 

PHONE: 407-836-2092

 

DIVISION: Office of Management and Budget

 

ACTION REQUESTED:

title

Approval to disburse $250,000 to the Orange Blossom Trail Development Board for administration in order to maintain normal operations for the first quarter of Fiscal Year 2024-25. (Office of Management and Budget)

body


PROJECT:
N/A

 

PURPOSE:
On July 11, 2024, the Board approved the Orange County Community Redevelopment Agency (CRA), commonly referred to as the Orange Blossom Trail CRA, proposed FY 2024-25 budget. The Orange Blossom Trail Development Board requires an advance payment in the amount of $250,000 for administrative expenses from the Orange County CRA for FY 2024-25 to continue its normal operations until the full incremental tax revenue is received by December 2024.

 

BUDGET: N/A