Community Redevelopment Areas - Eloise

Financials
Financials

Community Redevelopment Areas - Eloise - Financials

Tax Increment Financing

Tax increment financing is a unique tool available to cities and counties for redevelopment activities. It is used to leverage public funds to promote private sector activity in the targeted area. The dollar value of all real property in the Community Redevelopment Area is determined as of a fixed date, also known as the “frozen value” or TIF Base. Taxing authorities, which contribute to the tax increment, continue to receive property tax revenues based on the frozen value. These frozen value revenues are available for general government purposes. However, any tax revenues from increases in real property value, referred to as “tax increment,” are deposited into the Community Redevelopment Agency Trust Fund and dedicated to the redevelopment area. See budget report for incremental taxes collected for the fiscal year.

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Eloise Redevelopment Plan
The purpose of this document is to combine and update previously prepared studies, to prepare a Redevelopment Plan for the Eloise community, and to adopt Tax Increment Financing (TIF) pursuant to Chapter 163 of the Florida Statutes. The resulting document will include an analysis of existing socio-economic and physical conditions, plan objectives, a Redevelopment Plan and implementation strategies.

Meetings

Meeting Location: Johnny and Freda Brooks Resource Center (formerly known as the Eloise Resource Center), 710 Snively Avenue, Eloise  

Date Documents
Dec. 4, 2017, 6 p.m. Agenda 
Nov. 13, 2017, 6 p.m.   Informational CRA Meeting Agenda | Presentation
Sept. 25, 2017, 6 p.m.  Agenda | Minutes 
Sept. 25, 2017, 9 a.m. - 7 p.m. Public Community Workshop for Amended Eloise CRA Plan 
June 5, 2017, 6 p.m.  Agenda | Minutes
March 6, 2017, 6 p.m. Agenda | Minutes
December 6, 2016, 6 p.m. Minutes
October 24, 2016, 6 p.m. Agenda
June 7, 2016, 6 p.m. Agenda | Minutes

Polk County Seal

The Polk County Board of County Commissioners is an equal opportunity and affirmative action employer.

Polk County Board of County Commissioners