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Title:
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ORD Making Certain Findings & Auth the Mayor, or his Designee, to Execute: (1) a Redevelopment Agreement (“Redevelopment Agreement”) among the City of Jax (“City”), DIA & IGUANA Investments FL, LLC (“Developer”), which Redevelopment Agreement provides for the Design & Construction of a Luxury Hotel with no fewer than 170 Rooms, no fewer than 23 Class A Condominium Units (Collectively, the “Hotel Improvemnts”), & a Class A Office Bldg with no less than 141,300 Gross Sq. Ft. (“Office Bldg Improvemnts”); if elected by the Developer, the Redevelopment Agreement also Authorizes the Construction by the Developer on behalf of the City of a Marina Support Bldg of no less than 6,000 Sq. Ft. & Events Lawn of Approx 1 Acre having an estimated cost to the City of $6,192,967 (Collectively, the “Marina Support Bldg Improvemnts”), Improvemnts to Metro Park Marina with an estimated cost to the City of $7,180,133 (“Marina Improvemnts”), with all Aggregate Cost Overruns in Excess of $13,373,100 as to t...
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