1. Changes in Long-Term Liabilities

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

This notice concerns financial reporting for the City of Pensacola Community Redevelopment Agency for the year ending September 30, 2025. The agency has long-term liabilities totaling $63,341,587. These liabilities include contributions to the Main Street Wastewater Treatment Plant Replacement Project, involving an interlocal agreement with the City of Pensacola and payments to Emerald Coast Utilities Authority (ECUA). The agency committed $19.5 million to this project, paid in annual installments of $1.3 million. Other notes payable relate to debt service for several Urban Core and Eastside Redevelopment Revenue Bonds, Series 2017 and 2019. This item is under review as part of financial reporting and does not describe a new construction project. Therefore, it does not directly set in motion site clearing, grading, utility work, paving, framing, or landscaping. No new construction work is described, so there are no immediate opportunities for contractors, suppliers, or service providers related to this financial reporting item.

long-term liabilities

63,341,587 $

contribution to Main Street Wastewater Treatment Plant Replacement Project

19.5 million $

annual installment payment to ECUA

1.3 million $

Notes payable due within one year

3,420,901 $

Due to other governments ending balance

2,600,000 $

Due to other governments due within one year

1,300,000 $

Notes payable ending balance

60,741,587 $

Notes payable due within one year

2,120,901 $

Governmental activities long-term liabilities beginning balance

66,704,568 $

Governmental activities long-term liabilities decrease

3,362,981 $