Community Redevelopment Agency

Agenda — 1 item

1. Public Hearing and consideration of CRA Resolution No. 2026-02-R, A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF BARTOW, FLORIDA AUTHORIZING THE ISSUANCE IN AN AGGREGATE PRINCIPAL AMOUNT OF UP TO $18,200,000 OF ITS REDEVELOPMENT REVENUE NOTE, SERIES 2026A AND ITS REDEVELOPMENT REVENUE NOTE, SERIES 2026B (FEDERALLY TAXABLE) TO FINANCE THE ACQUISITION AND CONSTRUCTION OF COMMUNITY REDEVELOPMENT PROJECTS WITHIN THE REDEVELOPMENT AREA AND CONSISTENT WITH THE REDEVELOPMENT PLAN; PROVIDING THAT THE NOTES SHALL BE LIMITED OBLIGATIONS OF THE AGENCY PAYABLE FROM TAX INCREMENT REVENUES AND CERTAIN OTHER MONEYS AS PROVIDED HEREIN; AWARDING THE NOTES ON A NEGOTIATED BASIS; APPROVING THE EXECUTION AND DELIVERY OF LOAN AGREEMENTS AND THE NOTES IN CONNECTION WITH SUCH LOANS; DESIGNATING THE 2026A NOTE AS A "QUALIFIED TAX EXEMPT OBLIGATION" UNDER SECTION 265(b)(3) OF THE INTERNAL REVENUE CODE OF 1986; APPROVING THE EXECUTION AND DELIVERY OF AN INTERLOCAL AGREEMENT WITH THE CITY OF BARTOW, FLORIDA; ESTABLISHING A DEBT SERVICE FUND; PROVIDING FOR THE PLEDGE OF THE PLEDGED FUNDS; REQUESTING THE CITY COMMISSION OF THE CITY OF BARTOW, FLORIDA APPROVE THE LOANS AND THE INTERLOCAL AGREEMENT; PROVIDING A SEVERABILITY CLAUSE; APPROVING POST ISSUANCE COMPLIANCE POLICIES; AND PROVIDING AN EFFECTIVE DATE.

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