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St. Pete Beach planning board reviews Community Redevelopment Agency proposal focused on resiliency; staff to present finding of necessity to commission July 8
Summary
City staff introduced a proposal to create a Community Redevelopment Agency (CRA) that would use tax increment financing (TIF) to pay for resiliency and infrastructure projects; staff plans to seek a finding of necessity from the City Commission on July 8 and to work with Pinellas County and university partners on technical analysis.
The Planning Board of St. Pete Beach heard a presentation June 16 from Gil Martinez, senior planner with the Community Development Department, on creating a Community Redevelopment Agency that would use tax increment financing to fund infrastructure and resiliency projects.
Martinez told the board that a CRA would require a finding of necessity demonstrating that an area meets the statutory definition of blight under Florida Statute 163, a community redevelopment plan aligned with the city’s comprehensive plan, and—if county revenues are affected—interlocal agreements with Pinellas County. He said staff is scheduled to seek the commission’s consideration of a finding of necessity on July 8.
A CRA funds projects primarily through TIF, Martinez said: the assessed value within the designated area…
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