TO: CRA Board of Commissioners
FROM: Renée A. Jadusingh, CRA Executive Director
DATE: March 25, 2025
Title
RESOLUTION NO. 2025-06 - URGING THE LEGISLATURE TO VOTE AGAINST HB 991, AND SB 1242 THAT WOULD AMEND PART III, CHAPTER 163, FLORIDA STATUTES
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Recommended Action:
Recommendation
Approve Resolution No. 2025-06 urging the legislature to vote against HB 991 and SB 1242 that would amend Part III, Chapter 163, Florida Statutes.
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Background:
House Bill 991 (HB 991) and Senate Bill 1242 (SB1242) have been filed in the Florida Legislature for consideration during the 2025 Legislative Session. Both bills propose revisions to the existing state statutes governing Community Redevelopment Agencies (“CRA’s”). Specifically, the bills would:
• Stipulate that any CRA in existence as of July 1, 2025, shall terminate by the earlier of its charter expiration or September 30, 2045;
• Prohibit CRAs from initiating new projects or issuing new debt starting October 1, 2025;
• Allow CRAs with outstanding bonds as of July 1, 2025, to continue operations until those bonds mature, with a closure deadline of September 30, 2045;
• Specify that after September 30, 2045, the maturity dates of any outstanding bonds cannot be extended, and a new finding of necessity must be issued by the creating county or municipality solely for fulfilling bond obligations; and
• Prevent the establishment of any new CRAs on or after July 1, 2025, although agencies existing before this date may continue to operate under existing regulations.
The bills, as drafted, would severely impact our operations as it seeks to stop all CRAs from initiating new projects or issue debt starting on October 1, 2025. The CRA has many projects in the planning phase and where issuing debt is a consideration. By way of example, there has been discussion of issuing debt to fund the $80 million dollar NW Neighborhood Infrastructure Improvement Project, however, the bills in their current form would ...
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