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Home My WebLink About09-15-2026 Agenda Packet OCOEE COMMUNITY REDEVELOPMENT AGENCY Ocoee Commission Chambers 1 N. Bluford Avenue Ocoee, Florida September 15, 2026 AGENDA 5:00 PM CRA REGULAR MEETING • CALL TO ORDER Roll Call and Determination of Quorum • PUBLIC COMMENTS • OLD BUSINESS • NEW BUSINESS 1. Approval of Minutes of the June 2, 2026, Regular CRA Meeting 2. Proposed Fiscal Year 2026-2027 Budget 3. Economic Development Grant Agreement Extension 4. Fiscal Year 2027 Proposed Meeting Dates • MISCELLANEOUS 1. Project Updates • BOARD COMMENTS • ADJOURNMENT NOTICE: IN ACCORDANCE WITH FLORIDA STATUTE 286.0105: ANY PERSON WHO DESIRES TO APPEAL ANY DECISION AT THIS MEETING WILL NEED A RECORD OF THE PROCEEDINGS AND FOR THIS PURPOSE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE WHICH INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS BASED. IN ACCORDANCE WITH FLORIDA STATUTE 286.26: PERSONS WITH DISABILITIES NEEDING ASSISTANCE TO PARTICIPATE IN ANY OF THESE PROCEEDINGS SHOULD CONTACT THE OFFICE OF THE CITY CLERK, 1 N. BLUFORD AVENUE, OCOEE, FL 34761, (407) 905 -3105, 48 HOURS IN ADVANCE OF THE MEETING. Page 1 of 20 OCOEE COMMUNITY REDEVELOPMENT AGENCY Ocoee Commission Chambers 1 N. Bluford Avenue Ocoee, Florida June 2, 2026 MINUTES 5:00 PM CRA REGULAR MEETING • CALL TO ORDER Chair Koovakada called the Community Redevelopment Agency Board to order at 5:00 PM in the Commission Chambers of City Hall. Recording Clerk Justice called roll and declared a quorum present. Roll Call: Chair Koovakada, Vice-Chair Oliver (arrived 5:14 PM), Member Johnson, Member Kennedy, Member Wilsen, Member Firstner, and Member June Absent: None Also Present: City Manager Shadrix, CRA Administrator Vaca, CRA Attorney Ardaman, and Recording Clerk Justice • PUBLIC COMMENTS - None • OLD BUSINESS - None • NEW BUSINESS 1. Approval of Minutes of the March 3, 2026 CRA Board Meeting 5:01 PM Member Wilsen, seconded by Member Johnson, moved to approve the CRA Regular Meeting Minutes of March 3, 2026, as presented; Motion carried 5-0 with Vice-Chair Oliver absent. 2. Fiscal Year 2025 Audit and Annual Financial Report Presentation CRA Administrator Vaca introduced Finance Director Weber, who also serves as the CRA Treasurer. Finance Director Weber reported that the CRA received an unmodified, or "clean," audit opinion, the highest level of assurance that can be issued, and provided a brief overview of the Fiscal Year 2025 CRA Financial Statements and compliance reports. He further explained that no material weaknesses in internal control over financial reporting were reported under Government Auditing Standards, and the CRA complied in all material aspects with the requirements of Chapters 163 and 218 of Florida Statutes. Page 2 of 20 CRA Regular Meeting June 2, 2026 2 | Page Member Kennedy noted that this was a private company audit and inquired whether the potential tax reform was discussed or considered with the audit team. Finance Director Weber responded to his question. 3. Fiscal Year 2026 Budget Amendment CRA Administrator Vaca provided an overview of the proposed budget amendment, outlining cash balances, various revenue, and the adjustments and fund transfers recommended to support the proposal. Member Kennedy inquired about the FEMA/FDEM reimbursement for the hurricane repairs to Wellness Park. CRA Administrator Vaca addressed his inquiry. Member Kennedy then asked about the maintenance funding for Wellness Park. Finance Director Weber addressed his question. Chair Koovakada inquired about the overall budget for the Bluford Avenue Streetscape Project. CRA Administrator Vaca addressed his inquiry. 5:14 PM Member Wilsen, seconded by Member Firstner, moved to adopt CRA Resolution No. 2026- 001; Motion carried 6-0. • MISCELLANEOUS 1. Project Updates CRA Administrator Vaca updated the Board with the following: 1) Redevelopment Plan Update is temporarily paused due to property tax uncertainty 2) Bluford Avenue Streetscape Project funding update Member Wilsen commented on the uncertainty arising from the proposed property tax reform. CRA Administrator Vaca responded to her comments, noting that the CRA does not have many single-family residences which are subject to the proposed reform within its boundaries. Member Kennedy contemplated the CRA expansion being paused and the logical increased tax burden on commercial properties. Member June inquired whether the CRA expansion is being paused at the County’s behest. CRA Administrator Vaca responded to his question. City Manager Shadrix advised that the Florida Legislature passed House Joint Resolution 1-F earlier in the day. He reiterated that the CRA boundaries do not encompass many single-family homes and referenced previous discussions with County Administration regarding the potential benefits to the County if the CRA were expanded. Page 3 of 20 CRA Regular Meeting June 2, 2026 3 | Page Chair Koovakada asked if the CRA expansion for Universal Studios is still moving forward. City Manager Shadrix responded to his inquiry. 3) Next meeting is September 15, 2026, at 5:00 PM. • BOARD COMMENTS Member June inquired about a game plan for the CRA Budget. City Manager Shadrix addressed his question and commented on the potential effects to the City if the property tax reform ballot measure passes in November. Member Johnson mentioned the availability of grants. City Manager Shadrix addressed his comment. Vice-Chair Oliver inquired if the bill would allow a municipality to create municipal tax trust funds. City Manager Shadrix and CRA Attorney Ardaman addressed his inquiry. Discussion ensued. Member Johnson opined that the State is penalizing municipalities. City Manager Shadrix responded to his remarks. • ADJOURNMENT The meeting was adjourned at 5:38 PM Attest: APPROVED: __________________________ _____________________________ Miranda Justice, Recording Clerk Chair Page 4 of 20 FY 2026-2027 ANNUAL BUDGET E n h a n c i n g H O W W E L I V E W O R K & P L A Y 3DJH7RI2 CITY OF OCOEE, FLORIDA COMMUNITY REDEVELOPMENT AGENCY DIRECTORY Board Members Philip Koovakada (407)296-1803 office philip.koovakada@orlandohealth.com City Appointed Board Member/ CRA Chair George Oliver III (407) 905-3112 office goliver@ocoee.org Commissioner/CRA Vice Chair Rusty Johnson (407)905-3112 office rjohnson@ocoee.org Mayor/ CRA Board Member Scott Kennedy (407)905-3112 office skennedy@ocoee.org Commissioner/CRA Board Member Rosemary Wilsen (407)905-3112 office rwilsen@ocoee.org Commissioner/CRA Board Member Richard Firstner (407)905-3112 office rfirstner@ocoee.org Commissioner/CRA Board Member Randy June (407)325-1422 office randy@jec3.com OC Appointed CRA Board Member Staff Craig Shadrix (407) 554-6434 office craig.shadrix@ocoee.org City Manager/Executive Director Michael Rumer (407) 554-6434 office mrumer@ocoee.org Assistant City Manager Carolina Vaca (407) 554-7123 office cvaca@ocoee.org CRA Administrator Legal Counsel Richard S. Geller (407) 462-8400 office rgeller@fishbacklaw.com Fishback Dominick, LLP Page 6 of 20 CRA RESOLUTION NO. 2026-002 A RESOLUTION OF THE OCOEE COMMUNITY REDEVELOPMENT AGENCY ADOPTING A BUDGET FOR FISCAL YEAR 2026-2027; PROVIDING FOR BUDGET ADJUSTMENTS AND THE APPROPRIATION OF FUNDS; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE. WHEREAS, the Ocoee Community Redevelopment Agency (the “CRA”) was created pursuant to Part III, Chapter 163, Florida Statutes, and Ordinance No. 2006-007 of the City of Ocoee, Florida; and WHEREAS, the CRA is a dependent special district under Chapter 189, Florida Statutes, known as the Uniform Special District Accountability Act (the “Special District Act”); and WHEREAS, the Special District Act requires all special districts, including dependent special districts, such as the CRA, to adopt a budget for each fiscal year by resolution. NOW, THEREFORE, BE IT RESOLVED BY THE OCOEE COMMUNITY REDEVELOPMENT AGENCY, AS FOLLOWS: SECTION 1. Authority. The CRA has the authority to adopt this Resolution pursuant to the Special District Act. SECTION 2. Adoption of Budget. The governing body of the CRA does hereby approve and adopt a budget for the CRA for Fiscal Year 2026-2027. A copy of the budget is attached hereto as Exhibit “A” and incorporated herein by reference. Page 7 of 20 SECTION 3. Budget Adjustments. As of the date of adoption of the Budget for Fiscal Year 2026-2027, the governing body of the CRA may not have received the final calculations regarding tax increment revenues and/or carried forward monies to be deposited into the Community Redevelopment Trust Fund for the Community Redevelopment Area which will be available for use by the CRA for Fiscal Year 2026-2027. Accordingly, the governing body of the CRA does hereby direct that tax increment revenues received in excess of the projected budgeted revenues be allocated to the 4900 Reserve for Contingency line item as set forth in Exhibit “A” and that any shortfalls in the projected budgeted tax increment revenues be deducted from the 4900 Reserve for Contingency line item as set forth in Exhibit “A”. In accordance with Subsection 163.387(7), F.S., the governing body of the CRA does hereby direct that monies carried forward in excess of the budgeted amount be allocated to CRA Capital Projects Fund 131, as set forth in Exhibit “A”, to fund projects identified in the CRA Capital Improvement Plan and Community Redevelopment Plan or be deposited into an escrow account for the purpose of later reducing any indebtedness to which increment revenues are pledged. Any shortfalls in the projected budgeted monies carried forward shall be deducted from the 4900 Reserve for Contingency line item or from the Capital Projects Fund, as set forth in Exhibit “A”. The Executive Director of the CRA is hereby authorized to administratively make any adjustments to the budget which may be required to implement the provisions of this section. Any necessary budget adjustments will be made pursuant to Section 189.016(6), F.S. SECTION 4. Appropriations. There are hereby expressly appropriated out of anticipated revenues all funds and monies necessary to meet the appropriations stipulated by and in the attached budget. SECTION 5. Severability. If any section, subsection, sentence, clause, phrase or portion of this Resolution is for any reason held invalid or unconstitutional by any court of Page 8 of 20 competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining portion hereto. SECTION 6. Effective Date. This Resolution shall become effective immediately upon passage and adoption, and the budget adopted and approved by this Resolution shall be effective as of October 1, 2026. PASSED AND ADOPTED this 15th day of September 2026. APPROVED: ATTEST: OCOEE COMMUNITY REDEVELOPMENT AGENCY ___________________________ ___________________________ Melanie Sibbitt, Secretary Philip Koovakada, CRA Chair (SEAL) FOR USE AND RELIANCE ONLY BY THE OCOEE COMMUNITY REDEVELOPMENT AGENCY, APPROVED AS TO FORM AND LEGALITY This 15th day of September 2026. FISHBACK DOMINICK, LLP By:_____________________________ Richard S. Geller, City Attorney Page 9 of 20 Revenues by Source $15M $12M $10M $SM 0 $4M $3M -$3M - FY2022 FY2023 FY2024 FY2025 FY2026 •Other Revenues • Intergovernmental • Cash Balance In FY2027, the Community Redevelopment Area (CRA) Fund's total revenue is budgeted at $5.l million. FY27 Revenues by Source •Tax Increment Revenues •Cash Balance •Other Revenues Revenues by Source Category Account ID Cash Balance BEGINNING CASH BALANCE 130-30-0000 Other Revenues INTEREST EARNINGS 130-36-1100 Tax Increment Revenues COUNTY CONTRIBUTIONS 730-37-7700 CITY CONTRIBUTION 130-38-1100 Total Revenues �� City of Ocoee I FY 2027 PROPOSED BUDGET 0<:_?.�P FY 2024 Actual $724,375 $724,375 $2,663,144 $7,254,956 $7,408,188 $2,787,518 $4,140,556 81.63% $811,684 16.00% $120,000 2.37% FY2026 FY 2025 Actual Budgeted $8,589,433 $8,589,433 $224,972 $770,000 $224,912 $770,000 $3,314,115 $3,625,793 $7,566,077 $7,713,353 $7,748,044 $7,912,440 $3,539,027 $12,325,226 FY2027 FY2027 Budgeted $811,684 $871,684 $720,000 $720,000 $4,140,556 $7,956,602 $2,183,954 $5,072,240 •Tax Increment Revenues EXHIBIT “A” Fiscal Year 2026-2027 CRA Budget Historical Revenue by Source Community Redevelopment Area (CRA) Fund 3DJHbbRIb Expenditures by Expense Type Historical Expenditures by Expense Type $15M $12M $10M $SM $3M -$2M $1M 0 FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 •Personnel Services • Capital • Operating Expenses In FY2027, the Community Redevelopment Area (CRA) Fund's total expenditures at $5.1 million. Operating Expenses remained the largest category in FY2027, accounting for $4.6 million or 91.59% of total expenditures. FY27 Expenditures by Expense Type •Operating Expenses •Personnel Services Expenditures by Expense Type Category Account ID Personnel Services CRA OTHER PAY 130-516-00-1101 REGULAR SALARIES 130-516-00-1200 OVERTIME PAY 730-576-00-7400 PTO BUYOUT 130-516-00-1510 FICA TAXES 130-516-00-2100 RETIREMENT 130-516-00-2200CONTRIBUTION HEALTH INSURANCE 130-516-00-2300 �� City of Ocoee I FY 2027 PROPOSED BUDGET0<:_?.�P FY2024 Actual $355,843 $355,843 $3,442 $245,890 $18,276 $20,861 $63,609 $4,645,609 91.59% $426,631 8.41% FY2026 FY 2025 Actual Budgeted $411,766 $650,491 $477,766 $650,497 $3,359 $3,591 $292,718 $423,857 $726 $7,975 $22,257 $32,097 $24,531 $41,908 $65,372 $135,235 FY2027 Budgeted $426,631 $426,637 $273,687 $8,861 $21,035 $30,720 $87,013 Community Redevelopment Area (CRA) Fund EXHIBIT “A” Fiscal Year 2026-2027 CRA Budget 3DJHbbRIb Category Account ID LIFE INSURANCE 130-516-00-2301 DENTAL/VISION 130-516-00-2302 INSURANCE ACCIDENT/ DISABILITY 130-516-00-2303INSURANCE WORKERS' COMP 130-516-00-2400ALLOCATION Operating Expenses CRA LEGAL EXPENSE 130-516-00-3101 PROFESSIONAL SERVICES 130-516-00-3128 Redevelopment 130-516-00-3128Planning Support Transportation Planning 130-516-00-3128 Support Plans Review 130-516-00-3128 Crabtree Ink Annual 130-516-00-3128 Report Design Other Planning or 130-516-00-3128 Design Services COUNTY CONTRIBUTION 130-516-00-3129 REBATE ACCOUNTING AUDITING 130-516-00-3200 CONTRACTUAL SERVICES 130-516-00-3400 Placer Al 130-516-00-3400 Annual Landscape 130-516-00-3400 Maintenance Palm Injections 130-516-00-3400 AWC Pond 33 130-516-00-3400Maintenance Civic Plus Website 130-516-00-3400 Hosting & Maintenance Other Equipment 130-516-00-3400 Maintenance Other Landscape 130-516-00-3400 Maintenance Economic Development 130-516-00-3400 Consultant TRAVEL EXPENSE 130-516-00-4000 TELEPHONE EXPENSE 130-516-00-4100 POSTAGE FREIGHT 130-516-00-4200 WATER EXPENSE 130-516-00-4301 PRINTING AND BINDING 130-516-00-4700 RESERVE FOR 130-516-00-4900CONTINGENCY ADMINISTRATION LEGAL 130-516-00-4901 ADS OFFICE SUPPLIES 130-516-00-5100 POL SUPPLIES 130-516-00-5200 UNIFORMS 130-516-00-5201 Operating Supplies 130-516-00-5202 �� City of Ocoee I FY 2027 PROPOSED BUDGET0<:_?.�P FY2024 Actual $907 $880 $1,431 $547 $357,446 $357,446 $363 $43,085 $76,487 $5,900 $169,759 $936 $2,119 $49 $47,388 $1,871 $93 $176 $48 $286 FY 2025 Actual FY2026 FY2027 Budgeted Budgeted $785 $1,413 $999 $844 $1,561 $1,049 $1,420 $2,112 $1,703 $480 $616 $1,564 $9,751,010 $11,674,735 $4,645,609 $9,751,010 $11,674,735 $4,645,609 $3,408 $5,000 $5,000 $36,827 $168,500 $168,500 $50,000 $50,000 $50,000 $50,000 $25,000 $25,000 $3,500 $3,500 $40,000 $40,000 $169,821 $214,006 $306,234 $5,900 $5,500 $8,174 $287,352 $311,893 $283,310 $10,000 $137,403 $131,430 $2,940 $3,000 $4,410 $2,940 $1,200 $80,500 $80,500 $55,440 $55,440 $30,000 $659 $4,500 $4,500 $2,173 $2,800 $2,800 $75 $500 $500 $34,872 $40,000 $40,000 $1,926 $5,000 $5,000 $50,000 $50,000 $600 $600 $305 $1,000 $1,000 $259 $600 $1,500 $200 $200 $183 $1,000 $1,000 Community Redevelopment Area (CRA) Fund EXHIBIT “A” Fiscal Year 2026-2027 CRA Budget tDJH0EF0RI0FD Category Account ID SOFTWARE 130-516-00-5207SUBSCRIPTION Adobe -(7) Pro 730-576-00-5207 Adobe -(1) Illustrator 130-516-00-5207 Adobe -(7) In Design 730-576-00-5207 Civic Plus Website 130-516-00-5207Hosting & Maintenance COPYING EXPENSE 130-516-00-5216 COMPUTER PERIPHERALS / SOFTWARE UNDER 730-576-00-5235 $5,000 BOOKS/SUBSCRIPTIONS 130-516-00-5407 PROFESSIONAL DUES 730-576-00-5402 TRAINING EXPENSE 130-516-00-5405 PUBLIC RELATIONS 130-516-00-8205DEVELOPMENT GRANTS CONTRIBUTION 730-576-00-8270 TRANSFERS OUT 130-516-00-9000 TRANSFERS OUT -CAPITAL 130-576-00-9705 Capital CRA CAPITAL IMPROVEMENTS 730-576-00-6302 Total Expenditures �� City of Ocoee I FY 2027 PROPOSED BUDGET 0<:_?.�P FY2024 FY 2025 Actual FY2026 FY2027 Actual Budgeted Budgeted $2,796 $240 $435 $870 $1,251 $56 $23 $1,000 $1,000 $2,377 $7,465 $2,000 $7,070 $729 $742 $1,000 $1,000 $2,454 $2,484 $3,000 $3,000 $3,197 $612 $7,000 $8,000 $72 $108 $5,000 $5,000 $62,400 $276,000 $276,000 $9,139,418 $70,568,636 $3,469,485 $383,497 $383,497 $383,497 $1,096,786 I $10,162,777 I $12,32s,226 I $5,072,240 Community Redevelopment Area (CRA) Fund EXHIBIT “A” Fiscal Year 2026-2027 CRA Budget n�J .AC.R.B? CRA Capital Projects Fund This fund is used to account for the capital projects of the CRA. CRA Capital Projects Fund Comprehensive Summary Category Account ID FY 2024 Actual FY 2025 Actual FY 2026 Budgeted FY 2027 Budgeted Beginning Fund Balance Revenues Cash Balance BEGINNING CASH BALANCE 131-30-0000 $9,904,198 Total Cash Balance $9,904,198 Other Financing TRANSFERS IN 131-38-1000 $9,139,418 $10,568,636 $3,469,485 Transfers In - Capital Improvements 131-38-1000 $10,568,636 $3,469,485 Total Other Financing $9,139,418 $10,568,636 $3,469,485 Total Revenues $9,139,418 $10,568,636 $13,373,683 Expenditures Capital CAPITAL IMPROVEMENTS 131-516-00- 6302 $598,285 $10,531,716 $13,373,683 Old Winter Garden Road Extension and Street A - Capital Costs - Land/Right-of-way 131-516-00- 6302 $560,000 S Bluford Complete Street Project - Capital Costs - Construction 131-516-00- 6302 $2,909,485 Restricted for Capital 131-516-00- 6302 $8,589,433 $9,904,198 S. Bluford Complete Street project 131-516-00- 6302 $1,942,283 VEHICLES 131-516-00-6401 $36,920 Code Enforcement Vehicle - Capital Costs - Vehicle Cost 131-516-00-6401 $32,000 Code Enforcement Vehicle - Capital Costs - Upfitting Cost 131-516-00-6401 $4,920 Total Capital $598,285 $10,568,636 $13,373,683 Total Expenditures $598,285 $10,568,636 $13,373,683 Total Revenues Less Expenditures $8,541,133 Ending Fund Balance $8,541,133 City of Ocoee | FY 2027 PROPOSED BUDGET CRA Capital Projects Fund EXHIBIT “A” Fiscal Year 2026-2027 CRA Budget *Restricted for Capital - Ongoing projects from FY25/26 that have funds allocated and will move forward in FY26/27 * 3DJHRI 1 N. Bluford Ave, Ocoee, FL 34761 407.905.3100 x 1027 ocoeecra.com 3cJH37RI42 City of Ocoee CRA ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761 phone: (407) 905-3100 ▪ fax: (407) 905-3167 ▪ www.ocoeecra.com _____________ MEMORANDUM TO: CRA Board Members FROM: Carolina Vaca, CRA Administrator DATE: September 15, 2026 RE: 1550 Maguire Road Grant Extension Background On September 16, 2025, the CRA entered into a grant agreement with Joecoee Capital, LLC, for an amount not to exceed $222,500. The grant supports the demolition of the former bank building and eligible design improvements for the proposed redevelopment project at 1550 Maguire Road. Under Section 2 of the agreement, the CRA's obligation to fund the grant terminates on September 30, 2026, unless the parties agree in writing to a later date. The project is still undergoing the City's development review process. The grantee has requested an extension to allow additional time to complete that process and construction. Funds for the grant are included in the CRA's proposed Fiscal Year 2027 budget, allowing the funding period to be extended through September 30, 2027. Recommendation Staff has prepared the attached First Amendment to Grant Agreement to extend the Funding Termination Date from September 30, 2026, to September 30, 2027. The maximum grant amount remains $222,500, and all other terms remain unchanged. The CRA's legal counsel has reviewed the amendment. Staff respectfully recommends approval of the First Amendment and authorization for the CRA Chair to execute it as presented. Attachments: First Amendment to Grant Agreement CC: Craig Shadrix, City Manager/CRA Executive Director Mike Rumer, Assistant City Manager Page 16 of 20 1 FIRST AMENDMENT TO GRANT AGREEMENT This First Amendment to Grant Agreement (“First Amendment”) is made and entered into by and between the CITY OF OCOEE COMMUNITY REDEVELOPMENT AGENCY, a redevelopment agency established by the City of Ocoee, a Florida municipal corporation (the “CRA”), and JOECOEE CAPITAL, LLC, a Florida limited liability company (the “Grantee”). This First Amendment shall be effective as of the date approved by the CRA (the “Effective Date”). RECITALS: WHEREAS, on September 16, 2025, the CRA and Grantee entered into a Grant Agreement for the property located at 1550 Maguire Road, Ocoee, Florida 34761 (the “Agreement”); and WHEREAS, pursuant to Section 2 of the Agreement, the CRA’s obligation to fund the Grant is scheduled to terminate on September 30, 2026 (the “Funding Termination Date”); and WHEREAS, the Grantee has requested an extension of the Funding Termination Date to allow additional time for completion of the Project; and WHEREAS, the CRA desires to approve the requested extension and amend the Agreement accordingly. NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the CRA and Grantee agree as follows: 1. Recitals. The foregoing recitals are true and correct and are incorporated herein by this reference. 2. Extension of Funding Termination Date. Section 2, Effective Term, of the Agreement is hereby amended solely to extend the Funding Termination Date from September 30, 2026, to September 30, 2027. Accordingly, the CRA’s obligation to fund the Grant shall terminate on September 30, 2027, unless sooner terminated in accordance with the Agreement. 3. Remaining Terms. Except as expressly amended by this First Amendment, all other terms, conditions, obligations, and provisions of the Agreement shall remain unchanged and in full force and effect. 4. Conflict. In the event of a conflict between the terms of this First Amendment and the Agreement, the terms of this First Amendment shall control. 5. Counterparts. This First Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. [SIGNATURES TO FOLLOW] Page 17 of 20 2 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be duly executed by their respective authorized officers as of the Effective Date. FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE, FLORIDA; APPROVED AS TO FORM AND LEGALITY this ___ day of ____________, 2026. FISHBACK DOMINICK, LLP By: _________________________________ City Attorney CRA: CITY OF OCOEE COMMUNITY REDEVELOPMENT AGENCY, a redevelopment agency established by the City of Ocoee, a Florida municipal corporation By: __________________________________ Philip Koovakada, Chair Date: ________________________________ Attest: ______________________________ Melanie Sibbitt, City Clerk Date: ________________________________ APPROVED BY THE CITY OF OCOEE COMMUNITY REDEVELOPMENT AGENCY AT A MEETING HELD ON _____________________, UNDER AGENDA ITEM NO. _________. Page 18 of 20 3 GRANTEE: JOECOEE CAPITAL, LLC, a Florida limited liability company By: Title: Date: Page 19 of 20 Ocoee CRA ▪ 1 N. Bluford Ave. ▪ Ocoee, Florida 34761 phone: (407) 905-3100 ▪ fax: (407) 905-3167 ▪ www.ocoeecra.com _____________ MEMORANDUM TO: Ocoee Community Redevelopment Agency Board FROM: Carolina Vaca, CRA Administrator DATE: September 15, 2026 RE: Proposed City of Ocoee CRA Meeting Schedule for FY 2026-2027 Pursuant to the Bylaws of the CRA, below are possible dates to be considered for the four (4) required meetings for Fiscal Year 2026-2027. Please be prepared to adopt these dates, or provide alternate meeting dates for consideration, at the September 15, 2026, CRA Board Meeting. 1. Meeting #1: Tuesday, December 1, 2026, at 5:00 p.m. (before City Commission meeting) 2. Meeting #2: Tuesday, March 2, 2027, at 5:00 p.m. (before City Commission meeting) 3. Meeting #3: Tuesday, June 1, 2027, at 5:00 p.m. (before City Commission meeting) 4. Meeting #4: Tuesday, September 21, 2027, at 5:00 p.m. (before City Commission Meeting) Staff requests adoption of the FY 2026-2027 meeting calendar as printed or as modified at the September 15, 2026, CRA Board Meeting. Page 20 of 20