Departments



Articles

Less

City News: City Attorney Interviews - Continued
August 4th, 2011

City News: Speed Tables Coming on Whiddon Avenue
July 31st, 2011

City News: Fireworks Site Given Good Marks
July 20th, 2011

City News: Cedar Key Marina Rents Under Review
July 20th, 2011

City News: City Attorney Hiring Process Debated
July 20th, 2011

City News: Licensing Issue Arises
June 27th, 2011

City News: Time For Emergency Planning is Now
June 26th, 2011

City News: WastePro Asks for Increase
June 23rd, 2011

City News: Commissioners Sworn In; Heath Davis Becomes Mayor
June 9th, 2011

City News: Register Takes Seat 3
May 25th, 2011

City News: Hurricane and Hazardous Waste Day Wednesday
May 24th, 2011

City News: O`Neal Compromise Solves Curb Dispute
May 15th, 2011

City News: City Commission Election Results
May 3rd, 2011

City News: CRA Meeting: 2nd Street Road Project Proceeds
April 5th, 2011

City News: Feigin Announces Candidacy for City Commission
March 28th, 2011

More

CRA Update December 6

CRA Update December 6

By Jean Rigg

The Cedar Key City Commissioners, convening at City Hall December 7 as the Community Redevelopment Agency (CRA), heard updates from CRA Director Gregory Lang and voted unanimously on the evening`s only two action items.

The CRA`s first action item was passage of a resolution adopting the CRA budget for FY 2010/2011. The CRA budget had been debated and approved some weeks earlier. Tuesday night`s resolution passed by roll call vote, 5 - 0.

Commissioner Heath Davis recused himself from the next discussion and vote, formal consideration of a request from Sun Trust Bank, the issuer of the city`s CRA bond, that the city move its bond balances to Sun Trust Bank. At present, the city`s CRA funds are deposited with Drummond Community Bank and Perkins State Bank. Commissioner Davis is an officer of Drummond Bank.

Director Lang emphasized that he didn`t understand the Sun Trust Bank request to convey any lack of faith the city`s management of CRA funds; in fact, Lang recently hosted a Sun Trust representative`s visit to Cedar Key and upbeat tour of CRA projects.

Nonetheless, the four remaining commissioners were quick to approve a motion that the city`s CRA funds remain on deposit with the Drummond and Perkins banks.

Earlier in the meeting, Director Lang reported on the status of on-going CRA projects (streets and utilities work currently taking place on Second Street, and energy efficiency improvements to city property currently out for bid under an Energy Efficiency Conservation Block Grant).

Lang reported as well on the virtual completion of the city`s new Welcome Center (former Creswell House) and of the Anchor Hole Boat Ramp and noted that a final site plan for the Outside Boat Ramp Project would be presented to the Commissioners for review in January.

Click for printer friendly version

Email this article to a friend

 

 

© 2013
Cedar Key News

cedarkeynews@gmail.com