AGENDA REPORT
DATE: December 9, 2024
TO: Community Redevelopment Agency of the City of Plant City
FROM: Bill McDaniel, Executive Director
SUBJECT: CRA Budget Amendment for Fiscal Year 2024-25
EXECUTIVE SUMMARY:
When the City received bids for the Street resurfacing Project 2024, $1,401,757.69 of the project cost could be allocated to the CRA district. The CIP # ST026 - Street Resurfacing 1 mil has $571,241 available.
This budget adjustment allocates $830,717 from contingency to the account in CRA Fund, Org # 37050559, Obj # 446075 for street resurfacing.
RECOMMENDATION:
That the Community Redevelopment Agency Board adopt a resolution to amend the budget for Fiscal Year 2024-25.
FISCAL IMPACT:
The details accounts within the CRA Fund are included in the attached resolution.
Prepared by: Diane Reichard, Chief Financial Officer