8. Consideration and authorization to finalize and close on the purchase of property located at 704

Community Redevelopment Board · 2026-05-05 · agenda_item

The Community Redevelopment Board of the City of Panama City is considering authorizing the finalization and closing of a property purchase at 704 East 15th Street. This property, identified by Parcel No. 17340-010-000, is planned for acquisition using Downtown North CRA funds. The item is currently under review, indicating an early stage in the process. If approved, this transaction could lead to future development activities on the site. The scope of work would likely involve site preparation, potential demolition of existing structures, and new construction, followed by utility and finishing trades. Local contractors, suppliers, and service providers are encouraged to engage early to understand the project's progression before formal bids and permits are issued, offering a competitive advantage.