File #: 2024-0748    Version: 1 Name:
Type: Ordinance Status: Introduced
File Introduced: 9/10/2024 In control: City Council
On agenda: 9/10/2024 Final action:
Effective date:    
Title: ORD Making Certain Findings & Auth the Mayor, or Her Desig, to Execute: (1) a Redev Agrmt Among the City, DIA, & Rd River City Brewery, LLC, which Redev Agrmt Provides for the Design & Construction of 390 Multi-Family Residential Units, a 550 Space Structured Parking Facility, a Restaurant Venue, a Ship’s Store, & Riverwalk Improvements by the Developer, All on the Southbank of the St. Johns River within the Southside Community Redev Area; (2) a Completion Grant Escrow & Disbursement Agrmt Governing Disbursement of the Completion Grant; (3) a Payment Guaranty in Favor of the City in the Event the Proj is Not Completed by a Date Certain; (4) a Parking Easement Agrmt in Favor of the City for 30 Parking Spaces within the Parking Garage; & (5) Easements & Related Docs as Described in the Redev Agrmt; Auth a 75%, 15 Yr, Multi-Family REV Grant in the Max Amt Not to Exceed $19,798,000 in Connection With the Proj; Auth a Completion Grant in the Amt of $39,000,000; D...
Introducer and/or Co-Sponsor(s): Downtown Investment Authority
Assigned Committees: FINANCE, NCSPHS, RULES
Legislation Documents: 1. 2024-748 Original Bill.pdf, 2. 2024-748 Exhibit 1.pdf, 3. 2024-748 LFS.PDF, 4. 2024-748 On File.pdf
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