6. COUNTY TIF PAYMENT. Subject to the COUNTY CRA payment expiration

Community Redevelopment Agency · 2026-05-19 · agenda_item

The Community Redevelopment Agency of the City of West Melbourne is reviewing a plan for ongoing financial contributions from the County. These funds are designated for the maintenance, construction, reconstruction, lighting, and capacity improvements of County roads within the City of West Melbourne. This financial agreement is planned to continue annually between fiscal year 2017-2018 and fiscal year 2037-2038. The County will set aside funds each year based on a specific calculation related to tax increment financing. This process could lead to significant road work within the city over the next several years. Contractors specializing in road construction, grading, paving, and lighting, as well as suppliers of related materials, may find opportunities as these projects are identified and implemented. Engaging early could provide an advantage before specific projects are bid.