Community Redevelopment Agency Board Meeting of May 5, 2026 packet 2026-05-05

Community Redevelopment Board · 2026-05-05 · packet

[840 West 11th Street, Panama City, FL 32401 (CRA Office)] The Panama City Community Redevelopment Agency (CRA) Board Meeting agenda for May 5, 2026, includes several items relevant to contractors and trades. Key items include the consideration and approval of an amendment to a Performance Agreement for the TIF Rebate Incentive on the development of 724 & 728 Magnolia Avenue, a memo regarding CRA Social Community Survey Results, and the discussion, consideration, and approval of the Redevelopment Site Preparation Grant Program. The agenda also includes a presentation and discussion of statewide CRA Incentive Programs. The meeting minutes from April 7, 2026, are also provided, detailing previous discussions and approvals, including an extension to the Due Diligence Period for the Glenwood Town Center Project, the purchase of property at 704 East 15th Street, a Commercial Property Improvement (CPI) Grant, and the execution of a contract for playground equipment at Truesdell Park. The Redevelopment Site Preparation Grant Program materials are also included, outlining program guidelines, application requirements, and scoring criteria. [724 & 728 Magnolia Avenue] Consideration and approval of the Amendment to the Performance Agreement between Panama City Community Redevelopment Agency and Wilson Avenue Redevelopment, LLC for TIF Rebate Incentive on the development of 724-728 Magnolia Avenue. The developer requested an extension of the completion deadline from May 30, 2026, to December 31, 2026, due to delays with updated construction plans, permitting, and impact fee questions. Permits were released on February 17, 2026, and construction is expected to proceed. Discussion and consideration of establishing a Redevelopment Site Preparation Grant Program for all four Community Redevelopment Agency (CRA) Districts. Staff has prepared draft program materials for Board review, including a summary memorandum of Board feedback, draft Program Guidelines, draft Grant Application, and draft Scoring Rubric. The purpose is to allow the Board to review the draft documents, provide direction on any remaining issues, and confirm the structure of the program. Staff anticipates bringing a formal grant program for consideration and approval at the May 5, 2026, CRA Board meeting. Summary of feedback received through recent CRA community surveys conducted across all four (4) CRA districts. The surveys aimed to gather input from residents, business owners, and stakeholders regarding priorities for future CRA investments, projects, and initiatives. Common priorities identified include infrastructure improvements (roads, sidewalks, drainage, lighting, utility upgrades), parks and public spaces (upgrades, waterfront access, trails, playgrounds, gathering spaces), maintenance and beautification (landscaping, tree trimming, trash pickup, pressure washing, streetscape maintenance), economic development (grocery stores, small business support, redevelopment incentives, activation of vacant properties, shops/dining/employment opportunities), and parking and mobility (public parking, walkability, bike access, traffic flow). District-specific highlights and recommendations for future planning discussions are also provided. Presentation and discussion of statewide Community Redevelopment Agency (CRA) research related to GAP funding, lending, and incentive programs. Staff conducted research on how CRAs across Florida are utilizing GAP funding, loans, and other incentive programs to support redevelopment. The research includes examples from more than a dozen CRAs, covering GAP funding programs, how CRAs allocate funding, comparisons with similar CRAs, and common program types (infrastructure investment, property improvement grants, economic development incentives). The research indicates that most CRAs implement a diversified approach to funding supported by clearly defined program structures.