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Community Redevelopment Agency
Overview
The Jacksonville Beach Community Redevelopment Agency (CRA), created in 1978, is a five member board appointed by the City Council and is in charge of the redevelopment of two areas with the City. The Agency operates pursant to the State of Florida Community Redevelopment Act of 1969 (Florida Statutes, Chapter 163, Part III). Pursuant to F.S. 163.387, A Redevelopment Trust Fund was established in 1984.
The CRA Board meets the 4th Monday of each month, as needed, at 5:00 p.m. in the City Hall Council Chambers.
The Downtown Redevelopment area is composed of 185 acres from 13th Avenue South to 9th Avenue North and from Third Street to the ocean. The South Beach Redevelopment area is composed of approximately 356 acres near the intersection of J. Turner Butler Boulevard and west of Third Street (SRA1A). As part of the implementation of the redevelopment process, the Agency is responsible for marketing the areas, identifying developers, issuing requests for development proposals, selection of developers, contract negotiation, financing plans and monitoring contract implementation. The CRA fiscal year begins on October 1st and ends on September 30th
Agendas and Minutes
Related Links
Florida Department of Financial Services/Local Government Financial Reporting select "Year," select report " Total Revenues, Expenditures and Debt," select "File Type," press the "Get Report" button. Once report opens, scroll down to Jacksonville Beach Community Redevelopment Agency to view information
Florida Department of Economic Opportunity's Official List of Special Districts Online
F.S. Chapter 189 - Uniform Special District Accountability Act
Florida Redevelopment Association
Members & Terms
|
|
Appointed |
Term Expires |
| Scott Gay | 06/20/2016 | 12/31/2019 |
| Art Graham(Chair) | 09/06/2016 | 12/31/2019 |
|
Samuel Hall |
06/05/2017 |
12/31/2020 |
|
Frances Povloski |
06/17/2013 |
12/31/2020 |
|
Jeffrey Jones |
05/16/2016 |
05/16/2020 |
Contact
Community Redevelopment Agency
11 North Third Street
Jacksonville Beach, FL 32250
904-247-6231
What is Tax Increment Financing?
Tax Increment Financing, also known as TIF, is a tool to use future gains in taxes to finance the current improvements that will create those gains. When a public project such as a road, school, or hazardous waste cleanup is carried out, there is an increase in the value of surrounding real estate and often new investment (new or rehabilitated buildings, for example).
This increased site value and investment creates more taxable property, which increases tax revenues. The increased tax revenues are the "tax increment." Tax Increment Financing dedicates that increased revenue to finance debt issued to pay for the project. TIF is designed to channel funding toward improvements in distressed or underdeveloped areas where development would not otherwise occur. TIF creates funding for public projects that may otherwise be unaffordable to localities.
