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CRA outlines $3.5M Millville bond scope; waterfront park and potential bayou dredging discussed
Summary
The Panama City CRA is developing scope and financing options for a $3.5 million bond to fund Millville infrastructure and park projects, including a pedestrian path, bike safety village and parking; board members also asked staff to explore dredging Watson Bayou as part of broader efforts.
CRA staff told the board May 6 they are developing scope, cost estimates and financing options for a proposed $3.5 million Millville bond planned for fiscal year 2026. The staff packet lists $26,425 in current expenditures and a proposed scope that includes an 8-foot pedestrian path on Third Street, a bike safety village and parking, with geotechnical and survey work underway.
Why it matters: the bond would be financed with CRA tax increment (TIF) revenue rather than general-obligation taxpayer debt, and would fund infrastructure…
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