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Columbia County Observer

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Lake City News

Lake City Report - Mar 25, 2011
Working hard on the farmer's market

From City Manager Wendell Johnson

Lake City CDC Approved for Community Contribution Tax Credit Program

In November 2010, the City Council passed a resolution in support of the Greater Lake City Community Development Corporations’ request to participate in the Florida Community Contribution Tax Credit Program.

There was good news this week when the Mayor and City Council were advised by the CDC that the Governor’s Office of Tourism, Trade and Economic Development (OTTED) has approved participation as requested.

Approval of the CDC’s project, number CC-1201-B, allows businesses that make contributions to the CDC to apply for a tax credit of up to 50% of the value of their contribution against their Florida Corporate Income Tax Account or against their Sales and Use Tax account if registered with the Florida Department of Revenue.  This approval allows insurers who make contributions to the CDC to apply for a tax credit of up to 50 percent of the contribution value against their Florida Insurance Premium Tax.

The Greater Lake City CDC’s mission is to revitalize and strengthen the City’s CRA district by providing assistance to very low, low and moderate income families and to assist individuals in becoming creditworthy to qualify for home ownership.

Beginning in July 2011, $14 million in OTTED Florida Tax Credit Program revenue will be available and the Greater Lake City CDC is now eligible to draw from this valuable funding resource.

Lake City Community Redevelopment Plans

Lake City's Community Redevelopment Area (CRA) initiative has been on going since June 2010. The primary objective of updating the City’s CRA redevelopment plan is to update the 1989 plan.

The City and its Planning Consultant, IBI Group, Inc., have aggressively publicized and scheduled public meetings in compliance with the Florida statutes. In addition, formal invitations were sent to public officials and community leaders inviting them to share and contribute to the the City’s CRA plan. These meetings formed the foundation leading up to the Council’s most recent activity on March 21, 2011, when the City Council held a public hearing for the first reading of an ordinance to amend the existing CRA boundaries.

The second and final reading of the ordinance is scheduled for April 4, 2011.

The proposed expanded area will be incorporated into the Master Plan process after the ordinance is approved.

Mayor Witt and the City Council have insured the public and all interested parties have had a chance to participate in the creation of the Master Plan and the City anticipates plan completion sometime in May/June.

The City Staff Report is available in pdf format here.

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Read the City Manager's 2010 Budget and Administrative Report • here.


City Staff Report
 • Week ending March 25, 2011