Industrial Development Authority Board - November 10, 2026

The Citrus County Industrial Development Authority’s inaugural organizational meeting was held November 10, 2026. Members took the oath of office and, by motion and unanimous approval, elected Ricky Wilson as chair and Phyllis Dixon as vice chair. County staff and counsel reviewed the Authority’s role under Florida law, including its ability to facilitate revenue-bond financing for eligible private projects. Staff emphasized that bond repayment would come from project revenues and would not pledge County credit or funds; proposals approved by the Authority would still require Board of County Commissioners approval. Potential project types discussed included manufacturing, research and development, warehousing, and healthcare facilities. No bond applications, contracts, bids, purchases, or spending approvals were considered, and no procurement award was made.

The board discussed meeting quarterly initially, with flexibility to call special meetings if applications require timely review. Staff will develop draft bylaws and a bond application for consideration at a future meeting, consult peer authorities and bond counsel, and support outreach to businesses and economic-development organizations. Public comment included suggestions to consider outside economic-development expertise and tax-related limitations, but no action was taken on those suggestions. The County Attorney also briefed members on Sunshine Law and public-records obligations.