7. Consideration and Approval of the Amendment to the Performance Agreement

Community Redevelopment Board · 2026-06-02 · agenda_item

The Panama City Community Redevelopment Agency is considering an amendment to a performance agreement with Wilson Avenue Redevelopment, LLC. This amendment concerns a Tax Increment Financing (TIF) rebate incentive for a development project located at 724 and 728 Magnolia Avenue. The project is currently under review by the Community Redevelopment Board. This review stage means that planning and permitting processes are likely underway. The development is expected to involve site preparation, construction of new structures, and associated utility work. Local contractors, trades, suppliers, and service providers are encouraged to engage early. Understanding the project details now, before final plans and bids are set, offers an advantage in competing for future work.