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 in the total amount of $280,997,692.00 for the Southeast Overtown Park West Community Redevelopment Agency and the Southeast Overtown/Park West Community Redevelopment Area. The budget was adopted by the Board of County Commissioners on 7/21/2026. The redevelopment area is located within County Commission Districts 3 and 5. The budget includes revenue sources of $22,188,418 in County TIF, $34,618,589 in City TIF, $44,644,511 in carryover funds, $173,265,830 in Bond Series 2025A proceeds, $4,027,358 in non-TIF revenue balance and a Children's Trust contribution of $2,252,986. Administrative expenditures are $6,709,741. Operating expenses total $95,769,235 and include $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. Reserve for designated purposes total $178,318,716 and include $155,737,781 reserve for capital projects to be funded with Bond Series 2025A issuance, $14,053,577 reserve for development of affordable housing, $4,027,358 reserve for projects funded with non-TIF revenue, $2,000,000 reserve for maintenance of Agency-owned properties, and $2,500,000 reserve for policing initiatives within the CRA boundary. The budget also includes a reserve of $200,000. The Agency and the redevelopment area sunset on March 31, 2042. The document does not state a specific street address, parcel, acreage, or number of units. The document does not state any public comment or stakeholder sentiment.