Agenda Item # 12.B.
City Commission Regular Meeting - 5:05 PM
- Meeting Date:
- 01/05/2026
- Re
- Ordinance 26-001 - Request to Approve to Amend Chapter 8, Article II, Section 8-19 of the Code of Ordinances to Extend the FPRA Sunset Date to Its Original Expiration of December 8, 2042
- Submitted For:
- Shyanne Harnage
SUBJECT:
Legislative Hearing - Ordinance 26-001 - Amending Chapter 8, Article II, Section 8-19 of the Code of Ordinances to Extend the FPRA Sunset Date to Its Original Expiration of December 8, 2042. FIRST READING
SUMMARY:
Ordinance 26-001 proposes extending the existence of the Fort Pierce Redevelopment Agency (FPRA) through 2042. This extension will support ongoing redevelopment initiatives, help achieve the goals outlined in the Redevelopment Plan, address conditions of slum and blight, and promote revitalization within the designated area.
Pursuant to Florida Statute 163.3755, CRAs established before October 1, 2019, are subject to termination by 2039 unless their continuation is approved by the governing body. Ordinance 25-039 serves as the City’s formal approval to continue the FPRA beyond that date, in compliance with statutory requirements.
Pursuant to Florida Statute 163.3755, CRAs established before October 1, 2019, are subject to termination by 2039 unless their continuation is approved by the governing body. Ordinance 25-039 serves as the City’s formal approval to continue the FPRA beyond that date, in compliance with statutory requirements.
RECOMMENDATION:
Approve Ordinance 26-001
ALTERNATIVES:
Amend or Deny Ordinance 26-001
RESPONSIBLE STAFF:
Shyanne Harnage, Community and Economic Development Director
COORDINATED WITH:
City Manager
City Attorney
City Clerk
City Attorney
City Clerk
Fiscal Impact
OTHER INFORMATION:
Approval of this ordinance does not create a new financial obligation. Extending the FPRA to its original 2042 sunset date preserves the continuation of tax increment financing (TIF) revenues the agency is already authorized to receive. Without this ordinance, TIF collections would end on September 30, 2039, shortening the revenue horizon by three years and reducing funds available for redevelopment projects and capital improvements.