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Commission OKs Sweetbay addendum opening $3.1M impact fee spending beyond three named roads, but prioritizes Frankfort Avenue

2160638 · January 29, 2025
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Summary

The commission approved addendum 2 to the Saint Andrew Bay Land Company (Sweetbay) developer agreement, expanding where a $3.1 million transportation impact fee can be used within an airport perimeter while adding language that keeps Frankfort Avenue work as the first priority.

Panama City commissioners approved an amended addendum to a 2013 developers’ agreement with Saint Andrew Bay Land Company (Sweetbay) that recognizes the $3.1 million transportation impact fee originally promised by the developer and broadens the set of eligible streets the funds can support — but with an added commission commitment to prioritize Frankfort Avenue.

The item before the commission was Addendum 2 to the Sweetbay developers agreement. Historically, the 2013 agreement anticipated impact‑fee funds would be spent on Highway 390 and Baldwin Road, but those projects were completed by Florida Department of Transportation and Bay County. December 2023 amendments had redirected that money toward a set of City‑identified priorities (Frankfort Avenue,…

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