FY 2025 BUDGET BOOK - Flipbook - Page 256
COMMUNITY
DEVELOPMENT
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.
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