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Title:
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ORD Apv & Auth the Mayor, or Her Desig, & the Corp Sec to Execute & Deliver a Release of the Regulatory Agrmt Encumbering the Property Located Generally at 4832 N Main St, Jax, Duval County, FL, 32206 (Capri Villas Property) which is a Portion of the Property Associated with the Capri Villas Proj & the Huron Sophia Proj Located Generally at the Capri Villas Property & 2800 Sophia St, Jax, Duval County, FL, 32254, for the Purpose of Enabling the Dev of the Proj, Including the Acquisition & Rehab of Existing Multifamily Residential Housing Facilities for Persons or Families of Low, Middle or Moderate Income, Subject to (1) the Execution & Recording of a Land Use Restriction Agrmt (LURA) for a Min of 50 Yrs on the Property, & (2) the Proj Being Responsible for Paying All Costs Associated Therewith, Including All Legal & Professional Fees; Auth the Mayor, or Her Desig, & Corp Sec to Execute & Deliver Docs & Take Further Action to Effectuate the Purpose of this Ord; Prov for City Oversight ...
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