Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 25-CRA-03, a Resolution of the City of Port St. Lucie Community Redevelopment Agency (the "Agency") Relating to the Annual Budget, Approving the Annual Budget of the Agency for the Fiscal Year Beginning October 1, 2025 and Ending September 30, 2026; Authorizing the Expenditure of Funds Established by the Budget; Providing for Conflicts; Providing for Severability; and Providing for an Effective Date.
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Submitted By: Jennifer Davis, Director, Community Redevelopment Agency
Executive Summary (General Business): Chapter 189, Florida Statutes, requires that a governing body of each special district adopt a budget by resolution each fiscal year.
Presentation Information: Staff will provide a short presentation outlining the proposed budget and expenditures for the CRA, as well as identify taxable valuations for the four Community Redevelopment Areas.
Staff Recommendation: Move that the Board approve Resolution 25-CRA-03
Alternate Recommendations:
1. Move that the Board amend the recommendation and approve.
2. Move that the Board provide additional direction to staff.
Background:
A Community Redevelopment Agency (Agency) is a dependent special district and must comply with Chapter 189, Florida Statutes, which requires the governing body of each special district to adopt a budget by resolution each fiscal year. The proposed budget of a dependent special district must be contained within the general budget of the local governing authority to which it is dependent and be clearly stated as the budget of the dependent district. In addition, the total amount available from taxation and other sources, including balances brought forward from prior fiscal years, must equal the total of appropriations for expenditures and reserves.
In accordance with these requirements, CRA staff has worked with the Office of Management and Budget to prepare the Agency's annual budget for Fiscal Year 2025-...
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