8. Community Redevelopment Agency Note

City Commission · 2026-05-13 · agenda_item

This item concerns a Community Redevelopment Agency (CRA) Note, which is a special obligation of the City of Winter Park's CRA. The note's proceeds were used for capital improvements and social programs within the CRA. The total remaining principal and interest on the note is $710,567, with payments scheduled through January 2026. For the current year, $716,442 was paid in principal and interest, against $8,689,083 in total incremental tax revenue. This note is currently under review as part of the City Commission's agenda. The note's purpose implies past capital enhancements, but no new construction or development is described in this item. Therefore, there is no direct construction work or related services currently being put in motion by this specific agenda item. Local contractors, suppliers, and service providers should monitor future CRA activities for potential opportunities.

Total principal and interest remaining on the note

710,567 $

Principal and interest paid

716,442 $

Total incremental tax revenue

8,689,083 $