Guidance on Relocating Power Lines at 132 Miracle Strip Parkway SW, adjacent to Presidio

Summary

The Community Redevelopment Agency (CRA) is considering funding a project to relocate power lines underground at 132 Miracle Strip Parkway SW, adjacent to The Presidio Condominium HOA. The existing overhead power lines were recently installed by a hotel developer via an expedited process and obstruct views from some condominium units, impacting property values and saleability. The Presidio HOA has requested CRA funding for the relocation, citing concerns about lack of notification. An invoice from SGC22 Holdings LLC, provided by FP&L, details the cost at $146,103. This funding is not currently in the FY 2025-26 budget and would require reallocation from canceled or delayed projects. Staff recommends CRA Board approval.

Citizen Impact

Residents of The Presidio Condominiums may see improved views and potentially increased property values if the power lines are relocated underground. The project's cost of $146,103 will be funded by reallocating existing CRA funds, meaning no new taxes for residents.

Confidence

high