§ 15.5-1. Community redevelopment trust.  


Latest version.
  • (a)

    Ordinance 95-14.

    (1)

    Established. In accordance with F.S. § 163.387, the community redevelopment agency establishes a community redevelopment trust.

    (2)

    Obligations of the trust. The obligations of the trust will be to implement the City of Tavares Greater Downtown Redevelopment Plan as adopted and amended by the CRA.

    (b)

    Ordinance 2006-24.

    (1)

    Established. In accordance with F.S. § 163.387, the community redevelopment agency establishes a community redevelopment trust.

    (2)

    Obligations of the trust. The trust will be obligated to implement the City of Tavares Greater Downtown Redevelopment Plan Update as adopted and amended by the CRA.

    (3)

    Administration of the trust. The trust will be administered concurrently with "the trust" as established in Ordinance 95-14, providing that trustees as appointed by Ordinance 95-14, will oversee both funds for their duration.

(Ord. No. 95-14, §§ 1, 2, 6-21-95; Ord. No. 2006-24, §§ 1—3, 5-17-06)

Editor's note

Ord. No. 95-14, §§ 1, 2, adopted June 21, 1995; Ord. No. 2006-24, §§ 1—3, adopted May 17, 2006 did not specifically amend the Code. Hence, their inclusion herein as section 15.5-1 was at the discretion of the editor.