40. What is your opinion? 2

City Commission Meetings · 2026-05-26 · agenda_item

A new Community Development District (CDD) is being proposed to serve an area within the City of Panama City. This district is intended to provide necessary community development facilities, infrastructure, and services for future land development. The CDD offers a method to fund these improvements through tax-exempt public capital markets, potentially at a lower cost than developer funding. It will also have the power to assess property and collect funds for both capital improvements and ongoing operations and maintenance. This item is currently under review by the City Commission. The establishment of a CDD typically involves site clearing, grading, underground utility work, road and driveway construction, and final landscaping. Contractors, suppliers, and service providers in construction, utilities, and related fields may find opportunities as this project moves forward. Early engagement is advised before final site plans, bids, and permits are established.