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 Agency was established to address the lack of land set aside for commercial uses to serve the projected population in the original platted development of the city . Under the original developer ’ s plan , most of the land in Port St . Lucie was platted for low density , singlefamily residential development . As a result , there is no central “ core ” or traditional “ downtown ” and many residents work , shop , and seek entertainment outside of the city . This increases traffic , negatively impacts the City ’ s tax base , hinders the City ’ s ability to meet the service demands generated by growth , impedes the City ’ s ability to efficiently utilize its resources , and detracts from the quality of life .
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 .
2024 ANNUAL REPORT COMMUNITY REDEVELOPMENT AGENCY Page 5