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ORD Approp $250,000 from the NW OED Fund - Contingency Acct, to the NW JEDC Fund - Loans Acct for the Purpose of Prov a $250,000 NW Jax Small Business Dev Initiative Loan to Genuine Giants, LLC, in Connection with the Company’s Renovation & Expansion of its Existing Facilities Located Generally at 11830 Old Kings Rd, Jax, FL; Purpose of Approp; Apv & Auth the Mayor, or Her Desig, & the Corp Sec to Execute & Deliver, for & on Behalf of the City, the Economic Dev Agrmt btwn Company & the City; Auth a 50%, 10 Yr REV Grant in the Max Amt Not to Exceed $250,000 in Connection with the Construction of the Improvements; Auth Appvl of Tech Amends by the Executive Dir of the OED; Prov for City Oversight by the OED; Affirming the Proj’s Compliance with the NWJEDF Guidelines Appvd & Adopted by Ord 2016-779-E, as Amended; Affirming the Proj’s Compliance with the Public Investment Policy Adopted by Ord 2024-286-E, as Amended (B.T. 24-142) (Sawyer) (Req of Mayor) (Co-Sponsor CM Gaffney, Jr.)
9/10/24 ...
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