Adopted Budget Book FY 23-24 Final with TOC links - Flipbook - Page 283
FUND: COMMUNITY REDEVELOPMENT TRUST FUND - 014
COMMUNITY
REDEVELOPMENT
DEPARTMENT DESCRIPTION
The Community Redevelopment Agency fund
(CRA) was created under Chapter 163, Florida
Statutes and Ordinance No. 90-42 of the City of
Eustis. The Eustis City Commission appoints
the Governing Board of the CRA, and, therefore, the City exercises significant influence
over its operations and fiscal management.
The CRA trust fund was created to support the
City of Eustis Downtown and East Town Area
development activities and its unique needs.
The properties within the Redevelopment Area
generate Tax Increment Revenues. These revenues are to be used to fund the various projects
and activities identified in the Redevelopment
Plan or related to achieving the Plan’s goals and
objectives. Community redevelopment is an
economic development strategy that the local
government uses successfully to eliminate and
prevent blight conditions in the City of Eustis
community.
DEPARTMENT GOALS & OBJECTIVES
In support of the City’s Strategic Plan Goal #1,
to be a beautiful, livable city with a vibrant
lakefront identity, and in support of Goal #3, to
provide quality, cost-effective public services,
the Community redevelopment Agency will
continue to strive towards high quality and
best practices with regards to the continuing
City development, implementation, and maintenance of infrastructure and assets within
the City. The Agency will also continue to stay
informed of new and improved techniques for
cost efficiencies and value regarding infrastructure-related labor, equipment, and supply
needs.
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City of Eustis, Florida
Adopted Budget
281
