Definitions.

Tampa City Code § 2-852

in effect

Sec. 2-852. - Definitions. City participation value means the total monetary value of contributions made by the city or the community redevelopment agency ("CRA") to a covered project, including but not limited to, monetary incentives, ad valorem tax exemptions as may be permitted by law, the provision of land below market value, and borrowing against future tax increment financing ("TIF") funds. City participation value does not include any benefits given: (a) as a matter of right via petition or application; or (b) through a quasi-judicial process. Community benefit agreement means a written agreement between a developer and the city which incorporates community benefits identified by this article that will be provided by the developer. The community benefits to be provided by the developer may be in a stand-along agreement with the city, or may be included in a development agreement, a contract for purchase, or other document executed by the developer and the city. Covered project means any Tier 1 project, Tier 2 project, or Tier 3 project. Developer means the person responsible for the development of a covered project. Development has the meaning as set forth in F.S. Ch. 163, Pt. II. Historically designated property means a property, structure, or building either: (1) designated as a local landmark under chapter 27 of the City Code, (ii) identified as a contributing resource(s) to a local historic district, or (iii) listed on the National Register of Historic Places. Tier 1 project means any new development or redevelopment project that has a total construction cost equal to or greater than five million dollars ($5,000,000.00) and that has a city participation value equal to or greater than twenty (20) percent of overall project value (one million dollars ($1,000,000.00)) or any new development or redevelopment project that has city participation value equal to or greater than ten million dollars ($10,000,000.00) regardless of construction cost. Tier 2 project means any new development or redevelopment project that has a total construction cost equal to or greater than ten million dollars ($10,000,000.00) and that has a city participation value equal to or greater than twenty (20) percent of overall project value (two million dollars ($2,000,000.00) or greater) or any new development or redevelopment project that has city participation value equal to or greater than twenty million dollars ($20,000,000.00) regardless of construction cost. Tier 3 project means any new development or redevelopment project that has a total construction cost equal to or greater than twenty-five million dollars ($25,000,000.00) and that has a city participation value equal to or greater than twenty (20) percent of overall project value (five million dollars ($5,000,000.00) or greater) or any new development or redevelopment project that has city participation value equal to or greater than thirty million dollars ($30,000,000.00) regardless of construction cost. Total construction cost means the estimated total cost of building construction as stated in a complete site plan or building permit application accepted by the city, not including design costs. The total construction cost must be approved by the city in its sole and absolute discretion prior to commencing action pursuant to this article. (Ord. No. 2023-6, § 4, 1-5-2023)

Source: City of Tampa, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/fl/tampa/codes/code_of_ordinances?nodeId=COOR_CH2AD_ARTXIICOBEPR_S2-852DEFetched: 10/28/2026