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Commission approves MOU allowing density bonus for 300 LaVerne Ave. in exchange for public amenities
Summary
The city commission approved an MOU with the developer of 300 LaVerne Ave. to allow density bonuses (up to 60 units/acre and FAR exceptions) in exchange for public benefits — promenade, parking, rooftop amenity and coordination of easements — with planning-board review and conditions attached.
Panama City’s commission approved a memorandum of understanding Feb. 24 with Maslena Investments LLC and McKenzie Partners LLC that allows use of density bonuses for a major downtown development at 300 LaVerne Avenue in exchange for public amenities and easement coordination.
Michael Fuller, the city’s Director of…
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