§ 2-135. Powers of the Marion County Community Redevelopment Agency.

The agency shall have all of the powers enumerated to community redevelopment agencies under general law.

(1)

The agency shall have the authority to designate those areas of the unincorporated lands of the county as community redevelopment areas based upon the finding of necessity as outlined by provisions contained within F.S. § 163.330 et seq.

(2)

The agency shall have the authority to create and manage any or all community redevelopment trust funds, pursuant to F.S. § 163.387(1), designed to capture current and future tax increment revenues generated from incremental increases in ad valorem taxes levied each year by the taxing authorities.

(3)

The agency shall have the authority to manage and direct moneys generated by the fund to finance community redevelopment projects as provided within the redevelopment plan approved for those areas specified by the agency.

(Ord. No. 13-14, § 5, 6-4-2013)