13. Ordinance No. 2026-20, Olde Eau Gallie Riverfront CRA Plan Amendment:

City Council Meeting · 2026-05-12 · agenda_item

The City of Melbourne is considering an amendment to the Olde Eau Gallie Riverfront Community Redevelopment Agency (CRA) Redevelopment Plan. This amendment aims to update the agency's duration, aligning it with a revised interlocal agreement. The plan includes a new agency termination date of September 30, 2033. Estimated project costs are $12.1 million, with funding sources including $6.9 million from CIP Project/Reserves and a $6.8 million CRA Bond. The Planning and Zoning Board has reviewed this item and found it consistent with the city's Comprehensive Plan. This item is currently under review, with a first reading and public hearing completed. The scope of work would involve updating the redevelopment plan and related city codes. This early stage presents an opportunity for contractors, suppliers, and service providers to engage as the project moves forward before final bids and permits are issued.

agency termination date

September 30, 2033

project cost

12.1 million

funding source

6.9 million

CRA Bond

6.8 million