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Commission adopts tax increment rebate program for Panama City redevelopment
Summary
The commission adopted Ordinance 32-59 to establish a tax increment rebate (TIF) program under the city CRA; staff cited Florida Statutes Chapter 163 as the enabling authority and said guidelines and a first grant agreement were approved by the CRA.
The City Commission on Jan. 28 adopted Ordinance 32-59 to create a tax increment rebate program (TIF) administered under the Panama City Community Redevelopment Agency (CRA).
City staff said the CRA developed the tax increment rebate program as an incentive for redevelopment in the CRA district and cited the enabling authority in Florida law.…
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