Moneys in the Fund may be expended from time to time for the following purposes, when
directly related to financing or refinancing of redevelopment in the Redevelopment
Area pursuant to the Plan: (a) administrative and overhead expenses necessary or incidental
to the implementation of the Plan; (b) expenses of redevelopment planning, surveys
and financial analysis, including the reimbursement to the Board or the Agency for
such expenses incurred before the Plan was approved and adopted; (c) the acquisition
of real property in the Redevelopment Area; (d) the clearance and preparation of any
Redevelopment Area for redevelopment and relocation of site occupants as provided
in Section 163.370, Florida Statutes; (e) the repayment of principal and interest
or any redemption premium for loans, advances, bonds, bond anticipation notes and
any other form of indebtedness; (f) all expenses incidental to or connected with the
issuance, sale, redemption, retirement or purchase of agency bonds, bond anticipation
notes or other form of indebtedness, including funding of any reserve, redemption
or other fund or account provided for in the ordinance or resolution authorizing such
bonds, notes or other form of indebtedness; (g) the development of affordable housing
within the Redevelopment Area; or (h) the development of community policing innovations.
(Ord. No. 03-106, § 5, 5-6-03)
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