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Council to convene CRA board on Aug. 20 as members debate using CRA funds for Oak Lane vs. Civic Hub
Summary
Council members scheduled a special CRA meeting after the city attorney said the Oak Lane streetscape is eligible for CRA funding; council and staff debated reallocating CRA money currently shown for the Civic Hub to fund Oak Lane and other deferred maintenance items.
City of Cape Canaveral council members directed staff to schedule a special Community Redevelopment Agency (CRA) meeting on Aug. 20 to consider moving the Oak Lane streetscape project into CRA funding, after the city attorney confirmed the CRA plan authorizes streetscape and roadway improvements.
What happened: At the Aug. 12 budget workshop staff explained that Oak Lane had been budgeted in the general fund (the proposed FY24–25 budget showed $550,000 in the general fund and $300,000 in the stormwater enterprise fund for Oak Lane). Council asked whether Oak Lane could instead be funded by CRA increment revenue; the city…
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