CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Hearings/Ordinances/1st Read 		For Meeting of:
May 4, 2015
District: 3,4,5 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Proposed Ordinance No. 2015-27 of the City of Orlando, Florida, pursuant to section 163.387, Florida Statutes (2014); amending ordinances enacted July 12, 1982, June 18, 1990, October 23, 2000, June 25, 2007, February 22, 2010, and February 10, 2014 creating a Community Redevelopment Trust Fund for the Downtown Orlando Community Redevelopment Area; amending references to the Community Redevelopment Plan for the Downtown Orlando Community Redevelopment Area to include the Plan Amendment approved by the City Council on May 4, 2015.
Summary:
The Downtown Orlando Community Redevelopment Area (“Downtown Redevelopment Area”) was established by resolution on February 11, 1980.  On March 29, 1982, the Downtown Redevelopment Area was expanded and on July 12, 1982 City Council adopted an ordinance creating a trust fund for the deposit therein of tax increment revenues from the Downtown Redevelopment Area (“Trust Fund Ordinance”). In 1990 and 2007, the Downtown Redevelopment Area was again expanded and the trust fund ordinance amended to provide for the deposit of tax increment revenues attributed to the expanded areas of the Downtown Redevelopment Area into the trust fund.  Additionally, upon adoption of amendments to the Community Redevelopment Plan for the Downtown Redevelopment Area in 2000, 2010 and 2014, the Trust Fund Ordinance was amended each time in order to amend references to the Plan in the Ordinance to include each amendment to the Plan.   This amendment to the Trust Fund Ordinance amends references in the Trust Fund Ordinance to include the Plan Amendment of May 4, 2015.
Fiscal & Efficiency Data: None.
Recommended Action:
Approval of the attached Trust Fund Ordinance Amendment and authorization for the Mayor/Mayor Pro Tem and City Clerk to execute the Ordinance upon adoption.
Agenda Item attachment(s) on file in the City Clerks Office.
Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.
Contact:
Approved By:

Department Date and Time
Budget Outside Routing Approval 4/23/2015 6:10 PM
Real Estate and Finance Attorney 4/24/2015 9:50 AM
City Clerk 4/24/2015 10:39 AM
ATTACHMENTS:
Name: Description: Type:
trust_fund_ordinance-2015-27.pdf Trust Fund Ordinance (2015-27) Backup Material
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