File #: 2024-0491-E    Version: 1 Name:
Type: Ordinance Status: Enacted
File Introduced: 6/25/2024 In control: City Council
On agenda: 8/13/2024 Final action: 8/13/2024
Effective date: 8/15/2024    
Title: ORD Auth the Mayor, or Her Desig, to Execute: (1) an Amended & Restated Economic Dev Agrmt btwn the City & Madison Palms, Ltd. (Company), as Assigned From the Vestcor Companies, Inc.; & (2) an Amendment 1 to Loan Agrmt (Amendment) btwn the City & the Company to Revise Certain Preconditions to Funding the City Dev Loan; Designating the OED as Contract Monitor for the Agrmt & Amendment; Prov for City Oversight of the Proj by the OED; Auth the Execution of All Docs Relating to the Above Agrmts & Transactions, & Auth Technical Changes to the Docs; Prov a Deadline for the Company to Execute the Agrmt & Amendment After It is Delivered to the Company (Sawyer) (Req of Mayor) 6/25/24 CO Introduced: F 7/16/24 F Read 2nd & Rerefer 7/23/24 CO PH Read 2nd & Rerefer 8/6/24 F Amend/Approve 6-1 (Diamond) 8/13/24 CO Amend/Approve 19-0 Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 7/23/24
Introducer and/or Co-Sponsor(s): Mayor
Assigned Committees: FINANCE
Legislation Documents: 1. 2024-491 Original Bill, 2. 2024-491 LFS, 3. 2024-491 On File, 4. 2024-491 Bill Summary, 5. 2024-491 Finance Amd.pdf
Final documents: 1. 2024-491-E, 2. 2024-491 Revised On File.pdf