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WHEREAS, in 2015, the Seminole County Board of County Commissioners, by <br />Resolution 2015-R-106, extended the term of the Casselberry CRA for an additional two <br />years (to December 11, 2017); and <br />WHEREAS, the Casselberry CRA, through partnerships with the City of <br />Casselberry and Seminole County, has been working diligently toward the goal of <br />bringing the adopted Redevelopment Plan to reality; and <br />WHEREAS, the CRA wishes to continue working toward the stimulation of <br />economic development and redevelopment projects in Casselberry's Community <br />Redevelopment District for an additional eight years; and <br />WHEREAS, the Community Redevelopment Agency has prepared an update to <br />the Redevelopment Plan; and <br />WHEREAS, in order to successfully fund the construction and development of <br />this plan, it will be necessary to commit Tax Increment Financing revenues to the year <br />2025; and <br />WHEREAS, projects to be completed using increment financing include, but are <br />not limited to, small business incentives, property assembly, streetscaping, <br />pedestrian/bicycling improvements, public art, signage and marketing efforts which help <br />stimulate the redevelopment of Casselberry's Community Redevelopment District; and <br />WHEREAS, pursuant to Section 163.362(10), Florida Statutes, at the time the <br />CRA was created, a CRA could be approved for an initial term of up to 30 years, or in the <br />case of the Casselberry CRA, to the year 2025. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION <br />OF THE CITY OF CASSELBERRY, FLORIDA, AS FOLLOWS: <br />SECTION I. The City Commission does hereby find that it is appropriate, <br />proper, and timely and in the best interest of the citizens of Casselberry and Seminole <br />County that the term of the Casselberry CRA be extended an additional eight years to <br />December 11, 2025. <br />SECTION II. The City Commission hereby formally requests that the Board of <br />County Commissioners of Seminole County, Florida, extend the term of the Casselberry <br />CRA to December 11, 2025 for the purpose of providing funding to the Casselberry <br />Community Redevelopment Agency via the additional revenues that would be available <br />through the receipt of additional tax increment financing revenues. <br />SECTION III. Conflicts. All Resolutions or parts of Resolutions in conflict <br />with any of the provisions of this Resolution are hereby repealed. <br />Resolution 16-2922 <br />Page 2 of 3 <br />