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West Palm Beach CRA approves extension for downtown parking agreement, raises annual payment to $360,000
Summary
The West Palm Beach Community Redevelopment Agency unanimously approved Resolution 25-50 to extend a development agreement with Colonnade Clematis LLC securing 200 public parking spaces at 101 North Clematis Street, increasing the annual TIF payment to $360,000 and requiring an annual report for reimbursement.
The West Palm Beach Community Redevelopment Agency on Dec. 8 unanimously approved Resolution 25-50, extending the development agreement with Colonnade Clematis LLC to preserve 200 public parking spaces at the 101 North Clematis Street garage and raising the annual payment to $360,000.
Brad Nella, the CRA’s real estate manager, presented the amendment’s terms and said the change is intended to maintain core public parking that supports Clematis Street, Waterfront Park, the GreenMarket and downtown businesses and events. "We…
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