CITY COUNCIL AGENDA ITEM
Memo Date: September 15, 2020
Agenda Date: September 23, 2020
Prepared By: Charlene Neuterman, Deputy Community Services Director
Through: Nancy A. Bunt, Community Services Director
Requested Action:
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Staff requests the City Council recognize the dissolution of the US1 Corridor Community Redevelopment Agency effective September 30, 2020. Staff also requests Council to recognize that all assets of the US 1 Corridor CRA be transferred to the City of Cocoa through a Special Warranty Deed and Bill of Sale.
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BACKGROUND:
On June 9, 1998, the US1 Corridor Community Redevelopment Agency was established by City of Cocoa Ordinance No. 12-98. Beginning in March 1996, the City of Cocoa participated in an economic development vision plan for Cocoa. The catalyst for this study was the declining state of local businesses and residential areas resulting in a decline of tax revenue and the potential impact to municipal services. A major finding of the study was the identification of the need for a creation of a new Community Redevelopment Agency for the US 1 Corridor. The strategies outlined in the report were:
1. Promote Industrial Activity & Development
2. Promote Value-Based Retail Development at Key Locations
3. Maintain & Enhance the City's Downtown Core, Visitor Attractions and Aesthetic Amenities; and
4. Stabilize the City's Residential Neighborhoods
The CRA accomplished several major goals of their Redevelopment Master Plan. The first major goal accomplished was the partnership with the City of Cocoa and the Florida Department of Transportation (FDOT) to widen US1 and contribute to the enhanced lighting, hardscaping and landscaping along the US1 corridor. This partnership improved the quality of life for many residents by providing enhanced pedestrian and cycling modes of transportation. The next major goal accomplished was the development of Bracco Pond Park to create a linear park/bike path for the residents s...
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