2. First Reading of Ordinance Abandoning ± 0.89 Acres of Right-of-Way of Bennett Drive, along lots

City Commission Regular Meeting · 2026-05-18 · agenda_item

The City of DeLand is considering abandoning approximately 0.89 acres of right-of-way along Bennett Drive, specifically a 50-foot wide, 552.68-foot long section adjacent to lots 25-31 in the DeLand Business and Industrial Park plat. This proposal is currently under review and has had its first reading before the City Commission. If approved, this action would vacate a portion of public road, potentially impacting adjacent land use and development. The process is still early, with the item undergoing review by the City Commission. This early stage means that contractors, suppliers, and service providers have an opportunity to engage with the city and understand potential future needs related to this land. While no construction is planned yet, the vacation of right-of-way could lead to future development opportunities in the area. Businesses specializing in land surveying, legal services related to property rights, and civil engineering could find opportunities as this proposal moves through the review process. Engaging now allows businesses to be informed and prepared for any subsequent development phases.

acres of right-of-way

0.89 acres

wide

50 foot

long

552.68 foot

lots

25-31

Years of Service

25

Years of Service

20

Years of Service

15

Years of Service

10

General Fund Revenues

33,929,873 $

General Fund Expenditures

26,719,937 $

Undesignated Fund Balance

8,746,223 $

required reserve

8,194,900 $

Confiscated Trust Fund revenues

1,622 $

Confiscated Trust Fund expenditures

13,406 $

Homeless Shelter Fund Revenues

403,722 $

Homeless Shelter Fund Expenditures

385,607 $

Spring Hill Community Redevelopment Trust Fund Revenues

1,207,256 $

Spring Hill Community Redevelopment Trust Fund Expenditures

216,999 $

Governmental Impact Fees Trust Fund Revenues

804,125 $

Governmental Impact Fees Trust Fund Expenditures

863,677 $

Downtown Community Redevelopment Trust Fund Revenues

1,216,057 $

Downtown Community Redevelopment Trust Fund Expenditures

371,340 $

Grant & Special Revenues Fund Revenues

1,069,687 $

tree replacement revenues

82,950 $

interfund transfers

749,628 $

Debt Service Fund Revenues

882,051 $

appropriated for governmental funds’ debt payments

2,263,200 $

Capital Projects Fund Revenues

5,315,948 $

Capital Projects Fund Expenditures

5,546,870 $

Water & Sewer Fund Revenues

19,172,899 $

Water & Sewer Expenses

22,046,557 $

Water & Sewer Undesignated Reserves

8,921,800 $

required reserve balance

6,975,882 $

Municipal Airport Fund Revenues

1,327,101 $

Municipal Airport Fund Expenses

945,710 $

Refuse Collection Fund Revenues

3,199,592 $

Refuse Collection Fund Expenses

3,194,829 $

Stormwater Fund Revenues

2,029,532 $

Stormwater Fund expenditures

1,249,864 $

Permits & Inspections Fund Revenues

779,546 $

Permits & Inspection Fund expenditures

2,339,948 $

City’s investments

37,151,910 $

par value

37,140,000 $

market value

36,823,845 $

rate of return

3.61 %

weighted average maturity

3.62

average return on three-month US Treasury Bills

3.61 %

average rate on federal funds

3.64 %

unrealized loss

328,065 $

liquid assets

70 %