File #: 2024-0285-E    Version: 1 Name:
Type: Ordinance Status: Enacted
File Introduced: 4/9/2024 In control: City Council
On agenda: 5/14/2024 Final action: 5/14/2024
Effective date: 5/20/2024    
Title: ORD Auth the Mayor, or Her Designee, to Execute: (1) an Amended & Restated Redev Agrmt btwn the City & the Duval County Fair Association, Inc. (DCFA); (2) an Amended & Restated Ground Lease Agrmt btwn the City & DCFA for the Lease of 82.37± Acres of City-Owned Land Located Generally at 13611 Normandy Blvd., Adjacent to the Equestrian Center, With an Initial Term of 30 Yrs With 2, 10-Yr Renewal Options With Nominal Rent; & (3) Related Agrmts as Described in the Amended Redev Agrmt, for the Construction by DCFA of an 80,000 sq ft Exposition Hall & Related Improvements; Auth a $1,500,000 City Dev Loan to the Developer for a 10 Yr Term With 2% Interest, to Be Approp by Subsequent Legislation; Auth a Completion Grant in the Amount of $1,500,000 Upon Substantial Completion of the Proj, to Be Approp by Subsequent Legislation; Prov for City Oversight of the Proj by OED; Auth the Execution of All Docs Relating to the Above Agrmts & Transactions, & Auth Technical Changes to the Docs; Waiver of T...
Introducer and/or Co-Sponsor(s): Mayor
Assigned Committees: FINANCE, NCSPHS, RULES
Legislation Documents: 1. 2024-285 Original Bill.pdf, 2. 2024-285 LFS.PDF, 3. 2024-285 On File.pdf, 4. 2024-285 Bill Summary, 5. 2024-285 NCSPHS Amd
Final documents: 1. 2024-285-E.pdf, 2. 2024-285 Revised On File