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Panama City CRA adopts GAI finding of necessity to expand Saint Andrews redevelopment area, forwards resolution to commission
Summary
The CRA board voted to adopt a finding of necessity from GAI Consultants to expand the Saint Andrews Community Redevelopment Agency boundary and recommended a draft resolution to the city commission; GAI warned adding parcels later would require redoing the study and re-notifying taxing authorities, delaying action by about two months.
The Panama City Community Redevelopment Agency on Feb. 18 adopted a finding of necessity prepared by GAI Consultants that would allow expansion of the Saint Andrews Community Redevelopment Agency (CRA) boundaries and forwarded a draft resolution to the City Commission for consideration.
If the City Commission adopts the draft resolution, it will add the participating parcels to the Saint Andrews CRA and establish 2025 as the base year for determining tax increment financing revenues. Staff indicated the…
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