The Panama City Community Redevelopment Agency unanimously voted on Nov. 4 to approve a slate of redevelopment actions, which included plan amendments, consultant contracts, a tax-increment rebate, a property purchase, and feasibility work.
The board adopted Resolution CRA-2025-1104.1 to transmit proposed community redevelopment plan amendments to the city commission and taxing authorities for ordinance adoption. The motion carried on a 5-0 roll call.
The board authorized execution of a professional services contract with the Burke Blue law firm in the amount of $90,000, with discussion confirming that legal fees are counted as administrative expenses under the CRA’s 20% cap. That motion passed 5-0.
The CRA approved a tax-increment rebate application submitted on Sept. 25, 2025, by Panama City I, LLC, for the rehabilitation of three parcels on Main Avenue in the Millville district. Staff recommended, and the board approved, an award at 80% of eligible project costs not to exceed $119,618.33 and a maximum duration of 15 years. The executive director clarified the project is residential rather than commercial.