SEOPW CRA FY 2025-26 BUDGET

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

Resolution approving the FY 2025-26 budget of $280,997,692.00 for the Southeast Overtown/Park West Community Redevelopment Agency and the Southeast Overtown/Park West Community Redevelopment Area. The redevelopment area is located within County Commission Districts 3 and 5. The budget includes $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, and $2,252,986 from the Children's Trust. Administrative expenditures are $6,709,741 (2.38% of total). 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, $2,500,000 for land/infrastructure purchase, $5,704,354 for professional services, and $204,733 for construction-in-progress. Reserves total $178,318,716, including $155,737,781 for capital projects funded with Bond Series 2025A, $14,053,577 for affordable housing, $4,027,358 for non-TIF projects, $2,000,000 for maintenance of Agency-owned properties, and $2,500,000 for policing initiatives. The Agency and redevelopment area sunset on March 31, 2042. The item was forwarded to the Board with a favorable recommendation by the Intergovernmental and Economic Impact Committee on 6/10/2026. Agenda date is 7/21/2026. No public comment sentiment is stated in the document.