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Panama City CRA approves package of redevelopment actions, including TIF rebate, museum MOU and property buy

November 04, 2025 | Panama City, Bay County, Florida



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Panama City CRA approves package of redevelopment actions, including TIF rebate, museum MOU and property buy
The Panama City Community Redevelopment Agency on Nov. 4 voted unanimously to approve a slate of redevelopment actions spanning plan amendments, consultant contracts, a tax-increment rebate, a property purchase and feasibility work.

The board adopted Resolution CRA-2025-1104.1 to transmit proposed community redevelopment plan amendments to the city commission and taxing authorities for ordinance adoption. The motion carried on a 5-0 roll call.

The board authorized execution of a professional services contract with the Burke Blue law firm in the amount of $90,000, with discussion confirming that legal fees are counted as administrative expenses under the CRA’s 20% cap. That motion passed 5-0.

The CRA approved a tax-increment rebate application submitted on Sept. 25, 2025, by Panama City I, LLC, for rehabilitation of three parcels on Main Avenue in the Millville district. Staff recommended, and the board approved, an award at 80% of eligible project costs not to exceed $119,618.33 and a maximum duration of 15 years. The executive director clarified the project is residential rather than commercial.

The board authorized a memorandum of understanding with the historic St. Andrews Waterfront Partnership to support operations and programming of the Panama City Publishing Museum (1134 Beck Avenue). The FY26 budget includes an annual allocation of $35,000 plus up to $10,000 annually in matching grants. Nancy Hudson, president of the St. Andrews Waterfront Partnership, described the museum’s purchase history and the CRA’s earlier funding role; the board voted 5-0 to approve the MOU.

Members approved a staff recommendation to purchase a 16,800-square-foot parcel at 704 East Fifteenth Street for $175,000; an appraisal dated Sept. 9, 2025, valued the site at $250,000. The board discussed a potential former gas station on the site and agreed to a 90–120 day due-diligence period, including an environmental assessment, before closing.

Finally, the CRA agreed to fund two task orders for Downtown Marina Uplands work: a PFM financial feasibility study (not to exceed $35,000) and a visioning/master‑plan task order from Dover, Kohl & Partners for $122,600. Board members asked staff to circulate a comparison with a 2019 Dover, Kohl report to avoid unnecessary duplication. The funding motion passed 5-0.

All of the above items were approved unanimously; the meeting adjourned after the final vote.

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