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Daytona Beach CRA approves up to $150,000 for Midtown commercial property improvements; public seeks recapture covenant
Summary
The CRA authorized up to $150,000 in tax increment funds for commercial property improvements on Dr. Mary McLeod Bethune Boulevard through a 0% interest loan incentive; a public commenter proposed placing a lien to recapture funds when properties are sold, and commissioners asked staff about contractor verification and insurance requirements.
The Daytona Beach Community Redevelopment Agency on April 16 approved using up to $150,000 in Midtown Community Redevelopment Area tax increment funds for commercial property improvements at addresses listed as 54542 and 544 Doctor Mary McLeod Bethune Boulevard through the commercial property improvement and professional design incentive program.
The resolution authorizes the mayor, in his role as CRA chair, to execute documents necessary to disburse the…
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