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The Margate Community Redevelopment Agency approved shifting its tax-increment contribution from 95% to 80%, directing the difference to the City of Margate's general fund to help offset increased Fire Department staffing costs. The action passed 5-0.
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The agency approved its fiscal year 2025-2026 budget and several related funding actions. It also approved a future funding agreement for undergrounding overhead utility lines along U.S. 441 near the Cocogate project, though the work will not occur immediately. Other approvals included transferring $1 million to cover land-acquisition expenses, property-management and maintenance agreements, and a fee-waived temporary Christmas tree sales use from November 7 through December 22.
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