Legislation Details

File #: 24-1559    Version: 1 Name:
Type: Recommendation Status: Passed
File created: 10/8/2024 In control: County Administrator
On agenda: 10/29/2024 Final action: 10/29/2024
Title: Approval to disburse CRA funds totaling $74,364,661 to Orange County's Community Redevelopment Agencies. (Office of Management and Budget)
Attachments: 1. 2024-10-29 Agenda Item Attachment CRA Annual Disbursement for FY 2024-25, 2. 2024-10-29 County Administrator Consent Item-04

Interoffice Memorandum

 

DATE: October 2, 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: 407-836-2902

 

DIVISION: Office of Management and Budget

 

ACTION REQUESTED:

title

Approval to disburse CRA funds totaling $74,364,661 to Orange County’s Community Redevelopment Agencies. (Office of Management and Budget)

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PROJECT:
N/A

 

PURPOSE:
Florida Statutes Section 163.387(1) provides for the creation of redevelopment trust funds for individual communities.  Monies allocated in these funds shall be used to finance or refinance any community redevelopment undertaken pursuant to the approved community redevelopment plan.

Board approval is requested for the disbursement of funds pertaining to the CRAs as detailed in the attached summary.  Funds have been included in the FY 2024-25 budget in the appropriate accounting lines.

 

BUDGET: N/A