Agenda Packet

Community Redevelopment Agency Budget Meeting · 2026-09-02 · agenda_packet

This is a Community Redevelopment Agency (CRA) meeting agenda for September 2, 2026, covering the FY 2026-2027 Building Improvement Grant Program final review and grant awards, the FY 2026/27 budget presentation, and adoption of two resolutions. The Building Improvement Grant Program received eleven eligible applications: eight in the Central Business TIF, two in the South Historic TIF, and one in the North Historic TIF. Only Central Business TIF applications met the 35-point threshold. Four Central Business TIF applications (501 St. Johns Avenue and 102, 104, and 106 Fifth Street) are associated with parcel 42-10-27-6850-0280-0050. Four funding scenarios are presented: Scenario 1 approves all 11 applications as submitted ($25,000 North, $39,700 South, $179,533.21 Central); Scenario 2 applies the 35-point threshold and treats the shared parcel as four applications ($0 North, $0 South, $179,533.21 Central); Scenario 3 considers all applications but limits the shared parcel to one award ($25,000 North, $39,700 South, $104,533.21 Central); Scenario 4 applies the threshold and limits the shared parcel to one award ($0 North, $0 South, $104,533.21 Central). Staff recommends the Board review the scenarios and determine awards, and support amendments to scoring criteria and guidelines for multiple addresses on one parcel. The FY 2026/27 CRA budget totals $1,274,486 across all TIF districts, with $940,295 for Central Business TIF, $246,238 for South Historic TIF, and $87,954 for North Historic TIF. Resolution 2026-CRA-02 retroactively adopts the FY 2025/26 CRA budget. Resolution 2026-CRA-03 adopts the FY 2026-2027 CRA budget. The document does not state a decision (approved/denied/deferred) on the grant awards or budget, as it is an agenda for the meeting.