The Dade City Community Redevelopment Agency (CRA) board unanimously adopted its fiscal year 2025-26 budget and approved an interlocal agreement that transfers increment revenues to the city general fund to reimburse services provided to the CRA.

The CRA budget resolution (Resolution 2025-02) establishes the CRA’s planned revenues and project expenditures for the coming fiscal year and clarifies that revenues must be expended or reserved for projects or may be subject to repayment to the county or city if unused. The CRA also approved an interlocal agreement (CRA Agreement 2025-01 with accompanying City Agreement 2025-38) authorizing transfers to the general fund to reimburse salary and other costs tied to CRA services.

Why it matters: The CRA receives tax increment financing each year; the agency’s budget and the interlocal agreement together allocate how increment funds are reserved and how a portion flows back to the city to reimburse costs for a CRA director, a CRA redevelopment specialist, and a full-time groundskeeper identified for FY25-26.

Key votes and financial details
- CRA Resolution 2025-02: Adopt FY2025-26 CRA budget (vote: 4–0) while sitting as CRA board.
- CRA Agreement 2025-01 / City Agreement 2025-38: Approve transfer mechanism to reimburse city for CRA services (vote: 4–0).
- CRA staff responded to a commissioner question that the CRA had earmarked $750,000 for possible land acquisitions in 2026 to support parking (including potentially a parking garage), pocket parks, public restrooms and other downtown redevelopment amenities. The city manager/CRA staff explained the $750,000 line is intended to ensure funds are available to acquire parcels when opportunities arise.
- Historical transfers reported by staff: fiscal year 2023-24 transfers back to city were approximately $136,100; total approved for fiscal year 2024-25 was $176,300; the amount requested for fiscal year 2025-26 is $192,000 to reimburse staffing and other services.

What staff said
City Manager Miss Van Ervin told the CRA board the agency’s revenues are defined by the redevelopment plan and that the board may amend the budget during the fiscal year. She explained the interlocal agreement reimburses the city for salaries and services dedicated to CRA activities.

Next steps
The CRA board adjourned and the commission reconvened as the city commission for the remainder of the evening’s agenda. Staff will administer the transfers and implement CRA projects as funded; the CRA board retained authority to amend the budget during the fiscal year.

Ending: The CRA budget and the interlocal agreement together set the funding pathway for downtown redevelopment and reimburse city staff costs supporting CRA programs.