Introduction
A Community Redevelopment Agency refers to a public entity created by a city or a county to implement the community redevelopment activities outlined under Chapter 163 , Part III , Florida Statutes . The Community Redevelopment Act of 1969 outlines the physical , economic , and blight conditions that can support the creation of a Community Redevelopment Area ( CRA ). It provides a vehicle for counties and municipalities to form a Community Redevelopment Agency and create a Redevelopment Trust Fund for financing improvements within a target area pursuant to the approved community redevelopment plan .
The City of Port St . Lucie Community Redevelopment Agency ( Agency ) was created in 2001 by the City of Port St . Lucie City Council . The governing body of the City of Port St . Lucie CRA is the City of Port St . Lucie City Council sitting as the CRA Board of Directors . The City Council is comprised of five members .
2021 ANNUAL REPORT COMMUNITY REDEVELOPMENT AGENCY Page 6