TO: Board of County Commissioners
FROM: John A. Titkanich, Jr.
DATE: October 15, 2025
SUBJECT: Sebastian Community Redevelopment Agency Budget Resolution, FY2025/2026
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BACKGROUND
The Sebastian Community Redevelopment Agency (CRA) was created in 1995, pursuant to the Florida Community Redevelopment Act.
The County contributes to the CRA Redevelopment Trust Fund and the agency uses those funds to undertake eligible redevelopment activities approved in the Community Redevelopment Plan. The CRA updated its Redevelopment Master Plan in June 2023.
The attached Resolution provides the Annual Budget for the CRA. The total FY 2025/2026 budget is $1,277,068, of which the County's contribution is budgeted at $323,707 with the City contributing $314,399. The balance of the budget is largely $638,950 in Fund Balance Carry Forward,
The CRA is required to submit an Annual Report of its redevelopment activities for FY 2024/2025, of which this is due by March 31st each year. This report will be provided to the BOCC once received.
BUDGETARY IMPACT
The County's contribution to the CRA Redevelopment Trust Fund is budgeted.
STAFF RECOMMENDATION
Recommended Action
None