1. Contingencies and Condition Precedent.

City Commission Meetings · 2026-04-28 · agenda_item

This item concerns a proposed annexation and rezoning for a property located in Panama City. The plan is to change the Comprehensive Plan to designate the property as General Commercial and rezone it to General Commercial zoning. This development agreement is a key part of the process, acting as an incentive for the owner to agree to annex the property into the City. The agreement will only become effective once the City adopts the necessary ordinances for annexation and zoning, and these ordinances become final and cannot be appealed. This early stage means that site plans, bids, and permits have not yet been settled, offering an advantage to businesses that engage now. The project will eventually involve site preparation, construction, and related trades once approvals are finalized.