DELAND — Orange City officials celebrated Thursday after three years’ work for an agreement with Volusia County to redevelop its downtown.
The County Council voted 6-1 to accept Orange City’s proposed Community Redevelopment Area, or CRA, a tax-increment tool that’s used in 15 other communities across the county. This is the first in southwest Volusia.
The vote means for 20 years, the county and city will each take some property tax revenue from the CRA’s boundaries and put it into a separate fund to be spent on projects designed to end blight. Some examples: sewer and stormwater systems, new sidewalks, landscaping and signs.