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Century CRA To Hold Quarterly Meeting Monday
October 6, 2019
The Century Community Redevelopment Agency (CRA) will host their quarterly meeting on Monday.
The agenda for the 6 p.m. meeting includes discussion of an interlocal agreement with Escambia County to provide an executive director the Century’s CRA and the 2018-2019 CRA annual report.
The redevelopment area will receive 95 percent of the property tax generated in excess of the frozen base value as property values rise. It is estimated that will amount to about $10,000 the first year for the beginning in 2020.
The CRA funds will be used to improve conditions in the 510 acres, bounded by Jefferson Avenue to the south, Jefferson Avenue to the east, East High 4 to the north and the center line of North Century Boulevard to the west. It also extends north on the east side of North Century Boulevard to include commercial properties up to, and including, the former Burger King.
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