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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, URGING THE FLORIDA LEGISLATURE TO OPPOSE SENATE BILL 1770 AND HOUSE BILL 13 WHICH WILL PHASE OUT COMMUNITY REDEVELOPMENT AGENCIES AND WOULD NOT ALLOW ANY NEW CRA PROJECTS OR DEBT AFTER OCTOBER 1, 2017; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
staffcontact
(Staff Contact: Kim Briesemeister/Phyllis A. Korab)
summary
Summary Explanation/Background:
The Florida Legislature is considering House Bill (HB) 13, which will terminate all CRAs in the state by 2037, not allow the creation of any new CRAs after October 1, 2017, and not allow any new CRA projects or debt after October 1, 2017; and Senate Bill (SB) 1770 will terminate all CRAs in the state by 2037 and will only allow the creation of new CRAs by a super majority vote of a city or county. These bills would be detrimental to the Pompano Beach CRA and negate the CRA’s ability to leverage TIF as a tool for attracting private development.
Origin of request for this action: CRA Staff
Fiscal impact and source of funding: N/A