What Is a Community Redevelopment Agency?
Chapter 163, Part III, Florida Statutes, provides counties and municipalities with the authority to establish community redevelopment agencies in order to guide and support redevelopment activities to prevent and eliminate blighted conditions and to improve the economic climate within a specially designated area or areas.
Redevelopment activities are implemented through a public body, which is known as a community redevelopment agency. Under strict adherence to Chapter 163, Part III, Florida Statutes, the general purpose of a community redevelopment agency is to protect and enhance the district's tax base through redevelopment endeavors and the establishment of public/private partnerships.
Community redevelopment agencies have the ability to utilize a designated funding tool known as Tax Increment Financing, or TIF, which is available to cities and counties for redevelopment activities. TIF is used to leverage public funds to promote private sector activity in the denoted area or areas.
The dollar value of all real property in a redevelopment district is determined as of a fixed date, also known as the frozen value. Taxing authorities that contribute to the tax increment continue to receive property tax revenues based on the frozen value. These frozen-value revenues are available for general government purposes. However, any tax revenues from increases in real property value, referred to as ncrement, are deposited into a community redevelopment agency trust fund and dedicated to the redevelopment district. It is important to note that property tax revenue collected by a school board, or other entity considered to be a special district, is not affected under the TIF process.
What Is the Rockledge Community Redevelopment Agency?
Pursuant to Chapter 163, Part III, Florida Statutes, the Rockledge City Council established the City of Rockledge Community Redevelopment Agency (Agency) in 2002 as a dependent special district to guide the City in its redevelopment efforts.
The Redevelopment Agency Board of Commissioners
The seven-member Community Redevelopment Agency Board of Commissioners (Board) customarily meets on the fourth Wednesday of each month at 5:30 p.m. in the Council Chambers at City Hall, 1600 Huntington Lane, Rockledge, Florida. (Please note: meeting times are subject to change.)
The Redevelopment District
After determining it was necessary to tackle the blighting conditions threatening its commercial core, the City created four sub-districts that compose the entire Rockledge Community Redevelopment District.
Focused around the City's major arteries and collector roadways, these four sub-districts include:
2010 – A Year of Transformation
2010 was a particularly significant year for the Agency, and a number of positive transformations took place. Click here to read about them.
Adopted 2013 Redevelopment Agency Meeting Schedule
Rockledge Community Redevelopment Plan
Each community redevelopment agency in the State of Florida is guided by a community redevelopment plan. Essentially, the redevelopment plan serves as a redevelopment agency’s handbook, and any projects or initiatives undertaken by a redevelopment agency must relate back to the redevelopment plan. The Rockledge Community Redevelopment Plan was recently updated! (Note: large file size; may take several minutes to load)
Proposed FY 2013 Agency Budget
Adopted FY 2013 Agency Budget
Please take a few moments to peruse our Web site.
And be sure to let us know if we can help with some incentives to make your redevelopment project feasible!