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Panama City CRA backs $700,000-per-year paving plan, seeks vendor benchmarking before execution
Summary
The Panama City CRA voted 5-0 to commit multi-year CRA funds toward paving in Millville and Downtown North and authorized staff to implement an in‑house paving program pending vendor benchmarking and budget details.
Panama City’s Community Redevelopment Agency on Nov. 4 voted 5-0 to participate in an interlocal agreement with the city to fund multi‑year paving and resurfacing in CRA districts, and to support a staff proposal to perform a portion of that work with city crews.
Under the proposal, the CRA would commit $450,000 per year for five years for the Millville CRA district and $250,000 per year for five years for the Downtown North CRA district. Staff projected that, in year one, city crews using leased or purchased equipment could complete about 2.12 miles of soil‑improved full‑depth reclamation paving. Staff estimated purchasing a full‑size paver at about $275,000 or leasing one for six months with a $120,000 buyout option;…
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