St. Petersburg City Council moves ahead on community benefit agreement
Council members also heard a report on building inspections and lowered the cost threshold for contracts to be subject to their approval.
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Published Yesterday
ST. PETERSBURG â City Council members on Thursday moved forward on a measure that would require developers who get significant city funding to reinvest in the community.
Council voted unanimously to hold a July 22 public hearing on a proposed âcommunity benefit agreementâ for development and redevelopment projects that cost $2 million or more and receive city money equal to 20% or more of their cost, or $10 million regardless of cost. Projects that get more funding would come with higher requirements for developers.
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