Cocoa Community Redevelopment Agency Agenda Packet 2026-06-23
CRA weighs 90% TIF incentive for 430 Brevard project
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Description
The Cocoa Community Redevelopment Agency is requested to approve a Tax Increment Financing Incentive Program application from 430 Brevard Avenue, LLC for a roughly $93 million mixed-use redevelopment at 430 Brevard Avenue. The incentive would provide an estimated $6.2 million in 90% TIF reimbursements over six years, contingent on legal agreements and compliance with CRA and development requirements.
Contract Details
Contract Amount
Estimated $6,200,000 (90% TIF reimbursement over six years, funded from project-generated tax increment)
Vendor
430 BREVARD AVENUE LLC
Agency
HOUSING AUTHORITY OF THE city OF COCOA, FL
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
Contract Term
Six (6) years of 90% TIF reimbursement following project stabilization and generation of qualifying tax increment revenues
Renewal Info
TIF incentive is structured as a six-year reimbursement period based on project-generated tax increment and does not describe renewal options beyond the initial term.
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Related Contracts
Issuing Agency
HOUSING AUTHORITY OF THE city OF COCOA
Local Housing Authority
Cocoa, FL
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