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Commission considers 10-year, partial extension for Northwest/Flagler CRA as projects near completion
Summary
Staff presented options ahead of the Northwest Progressive/Flagler Heights CRA's 30-year sunset, including a short time extension to finish committed projects, a full extension or a switch to other development vehicles; commissioners favored a limited compromise and directed staff to negotiate with the county.
The City Commission discussed the scheduled November 2025 sunset of the Northwest Progressive / Flagler Heights Community Redevelopment Area (CRA) and evaluated options for completing ongoing redevelopment projects, extending the CRA and re-using increment funds.
Background: Staff said the CRA was created in 1995 with a base assessed value recorded at inception; since then taxable value in the district has increased dramatically (staff quoted growth figures in the billions). By statute, the TIF (tax increment) generated in the area has been redirected to fund redevelopment projects within the CRA footprint. When the CRA sunsets, the incremental ad-valorem dollars from overlapping taxing entities (county, hospital district, etc.) will…
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