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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 funds. Commissioner Reid moved the resolution and Commissioner May seconded; the motion passed 7-0.
During public comment, John Nicholson supported the concept of $50,000 improvement grants but argued the program effectively gives away money if recipients do not maintain improvements or resale returns the funds to the CRA. Nicholson asked that the city place a lien on recipients’ properties so the money would return to the CRA when the property is sold. He said, “What I'm asking is that a lien be put on the property that when it's sold or transferred, when that money will come back in it to help somebody else in the future.”
Commissioner Perez asked how staff vets contractor quotes after citing an invoice listing “majestical properties and consultants” with no address. City staff replied, “we verify that once the quote is actually a quote for the work. And we verify that through getting documents from the, company that quoted. So I just did not attach it to the backup.” Perez asked, “Are they required to have insurance?” Staff answered, “That is not something that we require. But in order for them to pull a permit for the city, they have to have a license.”
The resolution covers program funding and authorization to disburse funds; it does not change program terms such as liens, covenants or recapture provisions. Any changes to program terms would require separate commission action.
