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Community Redevelopment Agency Minutes December 10, 2018 Page 2 of 3 She said after all the budgeted revenues and expenditures are received and the expenses tallied the City is anticipating the fund balance to be approximately $300,000 at the end of fiscal year 2019. Ms. Glancy asked for a motion for the approval of the Finance Reports. Mr. Hufford made a motion to approve the ratification of invoices and the Finance Report for September 30, 2018 and October 31, 2018. Mr. Busch seconded the motion. The motion passed unanimously by voice vote. Fifth Item of Business: CRA Boundary — Surveying Services. Ms. Emily Hanna, Development Services Manager, said the City is requesting a financial commitment from the CRA to fund surveying work necessary to review and confirm the CRA Boundary. Ms. Hanna stated that staff has determined there is a discrepancy between the 1995 and the 2003 legal descriptions used both for the creation of the CRA and the creation of the Community Redevelopment District design standards. She said additionally the Seminole County Property Appraiser's office brought an additional 22 properties to staffs attention that were not being counted for the Tax Increment Funding (TIF) assessment. Ms. Hanna said that staff determined that a surveying service was needed to map the legal descriptions for both 1995 and 2003 to determine the discrepancies and to make whole the CRA boundary. Ms. Hanna said that on October 22, 2018 the City Commission passed Legislation in Progress, which directed staff to halt any development that occurred within the CRA at that time and to further investigate the legal boundary of the CRA and review the Oxford Place Overlay District design standards that Seminole County is putting in place on December 11, 2018. Ms. Hanna said staff recommends the CRA commit $3,980 for a surveyor to review the legal descriptions for the CRA boundary. Mr. Randy Newlon, City Manager, said that none of the current Commissioners were on the Commission at the time the CRA was audited by the Clerk of the Court. He said during that audit it was found that the City and Seminole County were improperly funding the CRA and needed to pay more money to the CRA. Mr. Newlon said one of the many elements of the audit was the fact that there was 22 parcels that were not being included in the TIF. Mr. Newlon said the City is looking for a survey that clarifies the CRA boundary.