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Community Redevelopment Agency Board Meeting of August 4, 2026 packet 2026-08-04

Community Redevelopment Board · 2026-08-04 · packet

[4101 W. 19th St, Panama City, FL 32405; 1342 MLK Blvd, Panama City, FL; 534 Oak Avenue, Panama City, FL; 541 Oak Avenue, Panama City, FL; unaddressed parcel on Oak Avenue, Panama City, FL; MLK Boulevard and 15th Street, Panama City, FL; case PC25-043 for 1342 MLK Blvd; not stated for other items] The document is a City of Panama City Community Redevelopment Agency (CRA) agenda and minutes for a meeting on August 4, 2026. It includes multiple items: acceptance of a termination letter from Sankofa Group for the Glenwood Town Center Development Agreement; consideration and approval of a Tax Increment Rebate Program application by KBP Properties Florida, LLC for property at 4101 W. 19th St; consideration and approval of matching donation funds to Historic St. Andrews Waterfront Partnership; approval of FY27 CRA Board Meeting Schedule; and consideration and approval for disposition of a CRA-owned property at 1342 MLK Blvd to American Legion Post #424. The document also includes minutes from the June 2, 2026 meeting, which approved a Redevelopment Site Preparation Grant Program, amended Commercial Property Improvement Grant Program Guidelines, and approved a Tax Increment Rebate application by Golden Developments, LLC for properties at 534 Oak Avenue, 541 Oak Avenue, and an unaddressed parcel on Oak Avenue. The document does not state the final decisions for the August 4, 2026 agenda items, as it is an agenda and minutes from a prior meeting. The document does not state any public comment or stakeholder sentiment for the August 4, 2026 items. The June 2, 2026 minutes state there was no audience participation. [1342 MLK Blvd, Panama City, FL 32401; 1134 Beck Avenue, Panama City, FL 32401; case PC25-043 (for the MLK Blvd property); not stated for other items] The document is a Panama City CRA agenda packet with multiple items. Item 1: Disposition of CRA-owned property at 1342 MLK Blvd (Parcel No. 17367-000-000) to American Legion Post #424. The property is approximately 7,800 square feet (0.179 acres), zoned GC-2 (General Commercial 2), with a highest and best use of Neighborhood Commercial. The CRA purchased it for $200,000 in 2016, demolished the former Lee Motel for $28,680, and has a total investment of $230,480. An appraisal valued it at $61,000. The City Commission voted to approve the sale on July 28, 2026, contingent upon CRA Board approval. Staff recommends approval of the sale for 10% of the Comparable Market Price under the SPARK Program, contingent upon receipt of stamped and approved building plans. Item 2: Approval of $8,150.00 in matching donation funds to Historic St. Andrews Waterfront Partnership for the Panama City Publishing Museum at 1134 Beck Avenue. Item 3: Approval of a revised FY 2027 CRA Board meeting and virtual workshop schedule, changing from monthly to every other month, alternating on the first Tuesday at 4:30 p.m. The document also includes a sample Award Disbursement Request Letter, a Tax Increment Rebate Program Application Form, and CRA District Maps. Public comment sentiment is not stated. [Northeast corner of MLK Blvd and Roosevelt Dr, Panama City, Bay County, Florida 32401; case GAG File #2025-0096] The document is an appraisal report for a vacant commercial site owned by the City of Panama City, located at the northeast corner of MLK Blvd and Roosevelt Dr, Panama City, Bay County, Florida 32401, with Tax ID 17553-000-000. The site is 0.179 acres (7,800 SF) and zoned GC-2 General Commercial. The appraised land value is $61,000 ($7.80/SF). The report notes limited demand, stagnant neighborhood characteristics, and below-average marketability due to circuitous access from a raised median. Comparable sales include 1121 MLK Blvd (11,064 SF, $60,000, 07/12/2024), 1421 MLK Blvd (7,800 SF, $61,000, 04/23/2025), and 1100 McKenzie Avenue (6,970 SF, $53,500, 10/18/2023). The report is by Giles Appraisal Group, Inc., GAG File #2025-0096, for the City of Panama City. No decision is stated; the document is an appraisal, not an approval or denial. No public comment is stated.

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