August 18, 2026 Northeast CRA Board Agenda Packet.ada

August 18, 2026 Northeast CRA Board · 2026-08-18 · agenda_packet

The document is an agenda and staff memorandum for the August 18, 2026, Northeast Community Redevelopment Agency Board meeting. The only action item is a request for the Board to adopt Resolution No. 2026-23, which approves the form of an Interlocal Agreement with the City of Mount Dora related to the issuance of the Series 2026 Non-Ad Valorem Refunding Revenue Bonds. The bonds, in a principal amount not to exceed $17,250,000, will refund the interim Series 2025 Note (principal amount not to exceed $16,000,000) used for construction financing of the Nathaniel Bell Community Resource and Recreation Center. The project is located in the Northeast Community Redevelopment Area, but no specific street address, parcel, or acreage is stated. The resolution establishes a maximum true interest cost of 5.50 percent and a final maturity no later than December 31, 2049. The Interlocal Agreement will replace the 2025 Interlocal Agreement upon bond issuance. The recommendation is for the Board to approve the resolution and the Interlocal Agreement. No public comment or stakeholder sentiment is stated in the document.