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CRA approves TIF rebate application for 436 Harrison LLC contingent on ordinance adoption; board approves 90% award rate up to capped amount
Summary
The CRA voted to approve a tax-increment rebate application from 436 Harrison LLC for redevelopment at 436 Harrison Avenue, recommending a 90% award rate not to exceed the program cap and contingent on city commission approval of Ordinance 3259.
Panama City’s Community Redevelopment Agency on Jan. 27 approved a tax-increment rebate application submitted by 436 Harrison LLC for redevelopment of 436 Harrison Avenue, contingent on the city commission’s anticipated adoption of Ordinance 3259 on Jan. 28.
Staff reviewed the application submitted Dec. 23, 2024, and recommended the project meets program criteria because it includes an…
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