https://jaxcityc.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6601554&GUID=A5DFE4FF-6D59-4107-8875-C4EBD99D7BD1Legistar15https://jaxcityc.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6601554&GUID=A5DFE4FF-6D59-4107-8875-C4EBD99D7BD1A5DFE4FF-6D59-4107-8875-C4EBD99D7BD1-2024-05-24-15-18-33Title: ORD Making Certain Findings, & Auth the Mayor, or her Designee, to Execute: (1) A Development Agrmt btwn the City & Lofts at Southbank, Ltd.; & (2) Loan Docs & Related Docs as Described in the Agrmt, to Support the Development by Company of an 0.88± Acre Site Located at the SW Corner of the Intersection of Prudential Dr & Hendricks Ave in the City; Auth a City Loan in the Amt of $6,000,000 at 1% Interest With a Term of 18 Yrs in Connection With the Proj, to be Appropriated by Subsequent Legislation; Desig the Housing & Community Development Div as Contract Monitor for the Agrmt & Related Agrmts; Prov for City Oversight of the Proj by the Housing & Community Development Div; Auth the Execution of All Docs Relating to the Above Agrmts & Transactions, & Auth Technical Changes to the Docs (Sawyer) (Req of Mayor) 3/26/24 CO Introduced: NCSPHS, F 4/1/24 NCSPHS Read 2nd & Rerefer 4/2/24 F Read 2nd & Rerefer 4/9/24 CO PH Read 2nd & Rerefer 4/15/24 NCSPHS Amend/Approve 7-0 4/16/24 F Amend/Approve 7-0 4/23/24 CO Reconsider/Amend/Approve 16-3 (J. Carlucci, Carlucci, Peluso) Public HeariFri, 24 May 2024 15:18:33 GMT