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The Margate Community Redevelopment Agency approved a plan amendment 4-0 extending the agency through 2047, while ending further Tax Incremental Funding after 2026.
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The amendment adds the terms of the 2025 interlocal agreement to Margate’s redevelopment plan. The agency can continue until 2047, but it will not receive additional tax-based redevelopment funding after 2026. Board members also discussed proposed apartments and retail redevelopment near US 441, including the possible demolition or preservation of Ace Plaza.
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