C. Economic Development Fund Resolution

City Council Meeting · 2026-05-26 · agenda_item

The City Council of Titusville is considering a resolution to establish an Economic Development Assigned Fund Balance within the General Fund. This resolution, numbered 10-2026, will outline a method for annual budget allocation, define what uses are eligible for these funds, and set up systems for oversight, reporting, and accountability. It will also detail the initial capitalization of the fund and a policy for annual funding. This item is currently under review by the City Council. If adopted, the resolution will create a framework for future economic development initiatives. This could lead to opportunities for businesses involved in financial services, consulting, and potentially construction or supply if development projects are later funded through this mechanism. Engaging with city officials early in this review process could provide valuable insight into potential future needs and opportunities.