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CRA approves reimbursement to SHIP and authorizes negotiations with Ameren group to advance Glenwood redevelopment
Summary
The CRA approved reimbursing SHIP funds for parcels in Glenwood, and the board authorized staff to begin negotiations with the Ameren Design Group and related investors while running the 30-day statutory notice required for disposition of CRA property.
The Panama City CRA on Jan. 27 approved reimbursing State Housing Initiative Partnership (SHIP) funds used to acquire parcels at the southwest corner of East 15th Street and MLK Boulevard and authorized staff to begin negotiating with the Ameren Design Group and its associates to pursue redevelopment of the Downtown North / Glenwood site.
Staff recommended transferring $373,489.59 (as presented) from the Downtown North CRA to SHIP to reimburse its share of the acquisitions that date to 2016–2020…
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