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Annual Report <br />2017 thru 2018 <br />image of Casselberry CRA logo <br />Casselberry Community Redevelopment Agency <br />Overview & Purpose <br />In 1995, the Casselberry Community Redevelopment Agency (CRA) was estabIished. Its primary function is the redevelopment of a designated Community Redevelopment District that includes portions of South U.S. Highway 17-92 and State <br />Road 436 within the City. <br />This report, for fiscal year 2017-2018, is being filed concerning the annual redevelopment activities of the Casselberry Community Redevelopment Agency. It was <br />prepared and filed consistent with Florida Statute 163.356(3)(c). The CRA is <br />required by the Community Redevelopment Act to submit a progress report of the <br />year's community redevelopment activities, including a complete financial statement of assets, liabilities, income and expenses. <br />Additionally, Florida Statute 218.39 requires each year an independent financial audit of this <br />trust fund be submitted to each taxing authority that pays into the trust fund. Based <br />on this requirement, the audit of the agency's assets, liabilities, income and expenses, as required under Florida Statute 163.356(3)(c), was conducted by the auditing firm of <br />Moore Stephens Lovelace, P.A., and is available for review. A copy of this audit <br />will be made public upon completion and acceptance and provided at that time to <br />the two taxing authorities, Seminole County and City of Casselberry. <br />The Casselberry Community Redevelopment District <br />The Casselberry Community Redevelopment District (CRD) is aligned primarily along South <br />U.S. Highway 17-92, between State Road 436 and Seminola <br />Boulevard. It consists of approximately 500 acres of land <br />and is located in the commercial center of Casselberry. <br />Historically, Casselberry was settled and incorporated as a tax free town in 1940. Later, Casselberry was officially incorporated as a City in 1965. In 1995 the CRD was established. <br />CASSELBERRY COMMUNITY REDEVELOPMENT AGENCY <br />Page 2 <br />