Panama City Beach Front Beach Road CRA Assessment
The City of Panama City Beach has initiated the process necessary to implement an assessment associated with the Front Beach Road (FBR) Community Redevelopment Area (CRA) which includes all of Front Beach Road and Hutchison Boulevard and a portion of other feeder roads including Panama City Beach Parkway, Arnold Road, Cobb Road, Powell Adams Road, Hill Road, Nautilus Street, Clara Avenue, Alf Coleman Road, Richard Jackson Boulevard and North and South Thomas Drive.
This proposed assessment would fund FBR CRA operations and maintenance and would be paid only by those owning land inside the FBR CRA district, as these property owners would reap the greatest benefits from the CRA through increased property values.
The City’s goal in implementing an annual assessment is to be fiscally responsible by providing a fair and reliable payment strategy for defraying annual costs of improving transportation and infrastructure in the FBR CRA and maintaining those improvements.
Revenues collected from a Front Beach Road CRA assessment may only be used on CRA transportation projects and will enable the continued construction of CRA road sections; these roadways will improve traffic flow through the construction of new infrastructure which includes bike, trolley, and turn lanes and sidewalks, and remedy a blighted area through lighting, landscaping and streetscape enhancements. Improvements subsequently improve values of property within the CRA.
A first reading of Ordinance 1498 establishing procedures for imposing and collecting an assessment for fiscal year 2019-2020 was held during the Aug. 22, 2019 meeting of the City of Panama City Beach City Council. A second reading and public hearing on the assessment will be held before the Council on Sept. 12, 2019. At that time a resolution adopting an Annual CRA Assessment will also be proposed.
To see individual property assessments, go to this quick search: http://quicksearch.ennead-data.com/pcbfbrcra/ intended to show the maximum rates the City might impose for a Front Beach Road CRA assessment the coming fiscal year, exclusive of small administration and collection costs. For further information or to file an objection, email the City Clerk at firstname.lastname@example.org.
Click this link: For more information on the CRA
Public Information Officer Debbie Ward can be reached at email@example.com or (850) 233-5100, Ext. 2261.