SEOPW CRA FY 2025-26 BUDGET

Board of County Commissioners · 2026-07-21 · resolution

The document is a resolution approving the Fiscal Year 2025-2026 budget for the Southeast Overtown/Park West Community Redevelopment Agency and the Southeast Overtown/Park West Community Redevelopment Area. The budget total is $280,997,692.00. The resolution was adopted by the Board of County Commissioners on July 21, 2026. The redevelopment area is located within County Commission Districts 3 and 5. The budget includes revenue from County TIF ($22,188,418), City TIF ($34,618,589), carryover funds ($44,644,511), Bond Series 2025A proceeds ($173,265,830), non-TIF revenue ($4,027,358), and a Children's Trust contribution ($2,252,986). Administrative expenditures are $6,709,741. Operating expenses total $95,769,235, including $65,349,255 for Grants and Aid, $7,803,168 for Interfund transfers, $14,207,725 for debt service payment/reserves, $2,500,000 for purchase of land/infrastructure, $5,704,354 for professional and contractual services, and $204,733 for construction-in-progress. Reserves for designated purposes total $178,318,716, including $155,737,781 for capital projects funded with Bond Series 2025A, $14,053,577 for development of affordable housing, $4,027,358 for projects funded with non-TIF revenue, $2,000,000 for maintenance of Agency-owned properties, and $2,500,000 for policing initiatives within the CRA boundary. The budget also includes a reserve of $200,000. The Agency and redevelopment area sunset on March 31, 2042. The document does not specify a street address, parcel, acreage, or number of units. The document does not contain public comment or stakeholder sentiment.