2. Individual Notes Payable

Community Redevelopment Agency Meeting · 2026-05-11 · agenda_item

The City of Pensacola Community Redevelopment Agency has outstanding notes payable related to past capital improvements. These include a $1,307,000 bond for the Eastside Neighborhood Redevelopment Area, a $4,082,000 bond for the Westside Neighborhood Redevelopment Area, and two bonds totaling $58,140,000 for the Urban Core Redevelopment Area. These bonds were issued to finance community redevelopment capital improvements and related costs. The items are currently under review as part of financial reporting. The project scope involves ongoing debt service payments secured by Tax Increment Financing revenues. This financial reporting item does not directly set in motion new construction work. Local contractors, suppliers, and service providers should monitor future redevelopment projects that may arise from these areas, as this financial review indicates ongoing investment in community redevelopment.

Eastside Redevelopment Revenue Bond, Series 2017

1,307,000 dollars

Westside Redevelopment Revenue Bond, Series 2017

4,082,000 dollars

Urban Core Redevelopment Revenue Bond, Series 2017

8,000,000 dollars

Urban Core Redevelopment Refunding and Improvement Revenue Bond, Series 2019

58,140,000 dollars

Total Governmental Activities

60,741,587 dollars