City of Panama City CRA Meeting 08042026

The City of Panama City Community Redevelopment Agency (CRA) held a meeting on August 4, 2026, where several procurement and redevelopment matters were discussed and approved. Key procurement-related actions included the approval of a tax increment rebate program application for KBP Properties Florida LLC for redevelopment of residential units, and the approval of a matching donation of $8,150 to the Historic Saint Andrews Waterfront Partnership, with a subsequent motion to standardize contracts for city-managed nonprofit facilities. The board also accepted the termination of a development agreement with the Sankofa Group due to stormwater issues and approved the sale of CRA-owned property at 1342 MLK Boulevard to the American Legion Post 424 at 10% of the comparable market price, contingent on meeting SPARK program requirements to ensure development within three years. The meeting concluded with the approval of a revised FY 2027 meeting schedule alternating between in-person and virtual sessions.