Eustis CRA Reports Substantial Growth and Development in Annual Review

The Eustis Community Redevelopment Agency (CRA) meeting on April 18th, 2024, highlighted a year of significant growth and development within the CRA district.

The most significant news from the meeting centered around the reported property valuation increase within the CRA district. Since the CRA’s inception, property values have risen by 293%, with a substantial 39.6% increase occurring in the last year alone. The expansion of the district since 1990 has seen an 81% increase in valuations.

Gateway grants have played a role in spurring development and improvement projects. A total of 23 grants were awarded, with 19 going to businesses and four to residential properties. The grant program facilitated an investment of $231,100 into the CRA, matched equally by private funds, effectively doubling the impact on the redevelopment efforts.

One notable example is a building with a storied past, including being a bar and community center, which has been converted into four affordable apartments after a 12-year effort. Another highlight is the repurposing of a former Sinclair Gas Station, now a vibrant addition to the heart of downtown.

The business incubator located across from the city hall was also mentioned as a promising initiative expected to contribute to business growth and attract people to the downtown area. Additionally, the reopening of local establishments such as the hometown meat market and a community restaurant, as well as the introduction of new amenities like a picnic area at a popular barbecue restaurant, underscore the ongoing revitalization of the CRA district.

The report further detailed the CRA’s financial health, with total assets amounting to $2.9 million, liabilities of $21,000, and reserves for future use totaling approximately $2.9 million. The CRA has allocated $934,000 for projects such as street rehabilitation, seawall monitoring, and sidewalk improvements. Moreover, $245,000 is set aside for development incentives.

Community policing was also discussed as a key supporting element of the CRA, with funds from the CRA budget allocated to the salary of a community officer. The role of special events in promoting the CRA and supporting local businesses was recognized, with 117,000 people attending downtown events, contributing to tax revenue and business support.

The meeting concluded with no further questions from the commissioners, though there was a light-hearted exchange about the potential addition of a fire chief specifically for the CRA, which was quickly dismissed.

Note: This meeting summary was generated by AI, which can occasionally misspell names, misattribute actions, and state inaccuracies. This summary is intended to be a starting point and you should review the meeting record linked above before acting on anything you read. If we got something wrong, let us know. We’re working every day to improve our process in pursuit of universal local government transparency.
Mayor:
Michael Holland
Community Redevelopment Agency Officials:

Receive debriefs about local meetings in your inbox weekly:

Trending meetings
across the country:

Meeting Date
Filter by bodytypes
Agricultural Advisory Committee
Airport Advisory Board
Art and Culture Board
Beach Committee
Bike and Pedestrian Advisory Committee
Board of Elections
Board of Health
Borough Council
Building Committee
Cannabis Control Board
Cemetery Commission
Charter Revision Commission
Child and Family Services Board
City Council
City Identity Committee
Code Enforcement Board
College Board of Trustees
Community Appearance Board
Community Preservation Committee
Community Redevelopment Agency
County Council
Disability Advisory Committee
Economic Development Board
Elderly Affairs Board
Electric Advisory Board
Environmental Commission
Financial Oversight Board
Historic Preservation Commission
Housing Authority
Human Relations Committee
Insurance Fund
Land Use Board
Library Board
Licensing Board
Mental Health Commission
Municipal Alliance
Open Space Commission
Oversight and Review Committee
Parking Authority
Parks and Gardens Commission
Parks Commission
Pension Board
Planning Board
Police Review Board
Property Assessment Board
Public Safety Committee
Recreation Commission
Redevelopment Agency
Rent Control Board
Rent Leveling Board
School Board
Sewerage Authority
Shade Tree Commission
Special Magistrate
Taxation & Revenue Advisory Committee
Tourism Board
Trails Committee
Transportation Board
Utility Board
Value Adjustment Board
Veterans Committee
Water Control Board
Women's Advisory Committee
Youth Advisory Committee
Zoning Board
Filter by County
FL
Bay County
Bradford County
Brevard County
Broward County
Clay County
Duval County
Escambia County
Gulf County
Hendry County
Highlands County
Hillsborough County
Indian River County
Lake County
Lee County
Leon County
Levy County
Liberty County
Manatee County
Marion County
Martin County
Miami-Dade County
Monroe County
Okaloosa County
Orange County
Osceola County
Palm Beach County
Pasco County
Pinellas County
Polk County
Putnam County
Santa Rosa County
Sarasota County
Seminole County
St. Johns County
Taylor County
Volusia County
Walton County
MA
Barnstable County
Berkshire County
Bristol County
Essex County
Franklin County
Hampden County
Hampshire County
Middlesex County
Norfolk County
Plymouth County
Suffolk County
Worcester County
NJ
Atlantic County
Bergen County
Burlington County
Camden County
Cape May County
Cumberland County
Essex County
Gloucester County
Hudson County
Hunterdon County
Mercer County
Middlesex County
Monmouth County
Morris County
Ocean County
Passaic County
Somerset County
Sussex County
Union County
Warren County
Filter by sourcetypes
Minutes
Recording