File #: 2024-0836    Version: 1 Name:
Type: Resolution Status: Public Comments - Regarding Economic Dev Investment Incentives
File Introduced: 10/22/2024 In control: City Council
On agenda: 11/26/2024 Final action:
Effective date:    
Title: RESO Apv & Auth the Execution of an Economic Dev Agrmt btwn the City & Project Paper, to Support the Establishment of Company’s Mortgage Technology Div National HQ at a New Facility Located in Jax; Auth a 13-Yr REV Grant Not to Exceed $10,000,000; Auth a Business Expansion Grant Not to Exceed $5,000,000; Auth an Employment Retention Grant Not to Exceed $3,000,000; Auth a Local Targeted Industry Employment Grant Not to Exceed $3,000,000, at a Rate of $6,000 Per New Job; Apv & Auth the Execution of Docs by the Mayor, or Her Desig, & Corp Sec; Auth Appvl of Tech Amends by the Executive Dir of the OED; Prov for Oversight by the OED; Prov a Deadline for the Company to Execute the Agrmt; Waiver of that Portion of the Public Investment Policy Adopted by Ord 2024-286-E, to Auth the Business Expansion Grant & the Employment Retention Grant, which Are Not Authorized by the Public Investment Policy, & to Authorize the Local Targeted Industry Employment Grant at a Rate Above the $5,000 Per New Job...
Introducer and/or Co-Sponsor(s): Mayor
Assigned Committees: FINANCE, RULES
Legislation Documents: 1. 2024-836 Original Bill, 2. 2024-836 Exhibit 1, 3. 2024-836 On File, 4. 2024-836 LFS, 5. 2024-836 Bill Summary