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Title:
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ORD Making Certain Findings & Auth the Mayor, or Her Desig, to Execute: (1) a Redev Agrmt Among the City, DIA, & Jacksonville Properties I, LLC, which Redev Agrmt Provides for the Construction of 240 Multi-Family Residential Units, a 280 Space Structured Parking Facility, Including 7,400 sq ft of Retail/Restaurant/Lounge Space, at 930 E Adams St, within the Downtown Northbank CRA, & (2) a Land Use Restriction Agrmt with a 30 Yr Term Restricting Rents of 15 2-Bedroom Units & 70 1-Bedroom Units of Workforce Housing at the Proj; Auth a 75%, 20 Yr, Multi-Family REV Grant in the Max Amt Not to Exceed $11,450,000 in Connection with the Proj; Auth a Workforce Housing Completion Grant in the Amt of $3,000,000 To Be Funded from the General Fund; Auth an Emergency Rapid Response Grant in the Amt of $1,000,000 To Be Funded From the Downtown Northbank CRA Trust Fund; for City Oversight of the Proj by the DIA; Auth the Execution of All Docs Relating to the Above Agrmts & Transactions, & Auth Techni...
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