FY 2023 ADOPTED BUDGET AS OF 9-22-22 - Flipbook - Page 227
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 reve-nues 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
infra-structure-related
labor,
equipment, and supply needs.
City of Eustis, Florida
Adopted Annual Budget
225
