a. Board member Lucas moved to approve the motion to adjourn, and Chairman

Community Redevelopment Board · 2026-05-05 · agenda_item

The Panama City Community Redevelopment Agency is considering an amendment to a Performance Agreement for the redevelopment of properties at 724 and 728 Magnolia Avenue. This amendment would extend the deadline for project completion and issuance of certificates of occupancy from May 30, 2026, to December 31, 2026. The original agreement was for a project within the Downtown North CRA District. The developer requested this extension due to delays in updated construction plans, permitting, and impact fee questions, with permits now released and construction expected to proceed. This item is currently under review by the CRA Board. The project involves ongoing construction and redevelopment work, including site preparation, utility connections, building construction, and final finishes. Local contractors, tradespeople, and suppliers involved in construction and related services may find opportunities as the project moves toward its new completion date. Early engagement could be beneficial before final bid processes and permit applications are settled.