In The City of Lake Worth, Notes to Financial Statements it states:
Blended Component Unit
The CRA was established under the authority of Florida Statute Chapter 163, Part III in 1993 to promote and guide the physical and economic redevelopment of targeted areas within the city. The CRA is a legally separate entity governed by a board comprised of seven citizens of the City appointed by the City Commission. Because of the CRA’s separate legal status, the ability of the City to impose its will on the CRA through budget approval, and the composition of its governing board, the CRA is reported as a blended component unit as a special revenue fund.
This stands out to me for a few important reasons:
- seven citizens OF the City. Does this mean someone who resides here or can it be someone who just has a business here when it uses the words-- OF the city. Perhaps a homeless guy who lives under the 6th Ave Overpass?
- budget must be approved by the Commission. When Commissioner Jennings asked for a workshop before making a decision on the Cultural Redevelopment hire, it seems that the CRA should have been wise and prudent and complied with her request and engage the Commission instead of blowing her off.
