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CRA approves up to $2.2 million to buy 29 South Ocean Avenue for boardwalk connection
Summary
The Daytona Beach Community Redevelopment Agency approved spending up to $2,200,000 plus estimated $15,000 in closing costs from Main Street CRA tax-increment funds to purchase a vacant parcel at 29 South Ocean Avenue to support boardwalk and redevelopment plans.
The Daytona Beach Community Redevelopment Agency voted to authorize the expenditure of up to $2,200,000 in tax-increment funds, plus estimated closing costs of $15,000, to purchase a vacant parcel at 29 South Ocean Avenue.
The approval, adopted by voice vote with no recorded opposition, funds the purchase from the Main Street CRA account and designates the property for use that city staff said would help complete a boardwalk connection and enable future requests for proposals for…
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