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CRA approves $100,400 for renovation at 250 South Palmetto Avenue
Summary
The Daytona Beach CRA unanimously approved a 0% interest loan totaling $100,400 from tax increment funds to renovate units at 250 South Palmetto Avenue, Units A, B and C.
The Daytona Beach Community Redevelopment Agency voted 7-0 on March 19 to approve up to $100,400 in tax increment funds for renovation of a building at 250 South Palmetto Avenue, Units A, B and C, using the agency's 0% interest loan commercial improvement incentive program.
The resolution authorizes the mayor as CRA chair to execute documents necessary to disburse the funds. No public speakers spoke on this item, and commissioners raised no questions at the meeting.
Commissioner May moved the resolution and Commissioner Reid seconded. The motion carried 7-0.
Redevelopment staff did not present amendments or additional conditions during the meeting.
