Community Redevelopment Act
The Community Redevelopment Act of 1969 (Chapter 163, Part III, Florida Statutes) outlines a comprehensive program that provides the legal framework and financing mechanisms with which local governments can undertake the unique and complex task of overcoming the conditions that contribute to the causes of slum and blight in certain areas.
On January 9, 2012, the Board of County Commissioners acknowledged the findings of deteriorating conditions through adoption of the Findings of Necessity, and created the district via Resolution #12-004R. The Finding of Necessity is a detailed report that describes conditions of the area in order to make a determination of the existence of slum or blight. Per Section 163.340(8), FS two or more blight factors must be present for an area within a county to be considered a Community Redevelopment Area.
On April 9, 2012, the Board of County Commissioners establish the boundary and created the governing body (CRA Agency). Per Resolution #12-025R, members of the Board of County Commissioners shall serve as the members of the Osceola County Community Redevelopment Agency for the East U.S. 192 Community Redevelopment Area (CRA Agency).
On June 18, 2012, the Board of County Commissioners approved the CRA Master Redevelopment Plan via Resolution #12-044R. On the same date, the CRA Trust Fund was established by the Board of County Commissioners via Ordinance #12-15. The CRA goals and objectives can be found in the CRA Master Redevelopment Plan, located here.
The CRA, at their June 04, 2012, Board Meeting, voted that the Chairman/Vice-Chairman will run parallel with the elections for the Board of County Commissioners Chairman/Vice-Chairman.
The purpose of the Agency is to facilitate and implement redevelopment activities identified in the CRA Master Redevelopment Plan within the Community Redevelopment Area through funds that are directed into the Redevelopment Trust Fund, set up solely for the purpose of redevelopment within the East U.S. 192 CRA.
- This Redevelopment Plan was developed in accordance with, and consistent with the Goals, Objectives and Policies in the Osceola County Comprehensive Plan:
- Encourage Sustainable Development (Future Land Use Element Objective 1.2)
- Facilitate Redevelopment (Future Land Use Element Objective 1.10)
- Promote and Plan for Transit Oriented Development and Premium Transit (Future Land Use Element Objective 5.2)
The East U.S. 192 Community Redevelopment Area/Plan provides a framework for future redevelopment programs and activities within the Community Redevelopment Area and offers a number of options to fund the implementation of the activities, including tax increment financing (TIF), public/private utility cost sharing, bonds, loans, and grants.