Subject:
Title
Acknowledge Receipt of the County’s Municipal Community Redevelopment Agencies FY 2024/2025 Adopted Budgets
End
Fiscal Impact:
There is no fiscal impact to the acknowledgement of the County’s Municipal Community Redevelopment Agencies FY 2024/2025 Adopted Budgets.
Dept/Office:
County Manager
Requested Action:
Recommendation
Acknowledge the receipt of the County’s Municipal Community Redevelopment Agencies’ FY 2024/2025 Adopted Budgets.
End
Summary Explanation and Background:
In compliance with Section 163.387(6)(b), Florida Statutes requires that a Community Redevelopment Agency (CRA) created by a municipality submit its annual budget within 10 days after the adoption date by a municipality. The following summarizes the adopted FY 2024/2025 budgets approved for each municipal CRA:
• City of Cape Canaveral: Adopted Budget $3,857,843
• City of Cocoa
o Cocoa: Adopted Budget $ 2,032,273
o Diamond Square: Adopted Budget $569,977
• City of Cocoa Beach: Adopted Budget $3,943,744
• City of Melbourne
o Downtown: Adopted Budget $2,559,604
o Olde Eau Gallie Riverfront: Adopted Budget $1,057,615
• City of Rockledge: Adopted Budget $9,964,266
• City of Titusville: Adopted Budget $1,141,063
• Brevard County/City of West Melbourne Joint CRA: Adopted Budget $764,000
Clerk to the Board Instructions: