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File #: 2020-0138-A    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 2/25/2020 In control: City Council
On agenda: 3/10/2020 Final action: 3/10/2020
Title: RESO Auth Economic Dev Agreemt with “Project Graph” (“Company”) to Support Creation of Company’s New Regional Headquarters in Jax, FL; Recommending Company be Apvd by State of FL Dept of Economic Opportunity as a QTI Business Pursuant to Secs 288.106-108, F.S.; Evidencing Commitment of City Support in Amt not to Exceed $138,000 as Local Financial Support Under Qualified Target Industry Tax Refund Prog. Payable Over Multiple Yrs. Per Guidelines Set by State Dept of Economic Opportunity, w/State Match of $552,000 for Total City & State QTI Amt of $690,000 for 115 Jobs; Apv & Auth Apvl of Tech Amends by Executive Director of OED; Prov for City Oversight by OED; Timeline for Execution of Agreemt by Company; Affirming Proj’s Compliance w/Public Investment Policy Adopt by Ord 2016-382-E as Amend by Ord 2018-370-E & Ord 2019-243-E; Requesting Two Reading Passage Pursuant to Council Rule 3.305. (Sawyer) (Req of Mayor) 2/25/20 CO Introduced: F 3/3/20 F Approve 7-0 3/10/20 CO Approved 17-0
Sponsors: Mayor
Assigned Committees: FINANCE
Attachments: 1. 2020-138 Exhibit 1.pdf, 2. 2020-138 Original Bill.pdf, 3. 2020-138 Bill Summary.pdf, 4. 2020-138 Fact Sheet.pdf, 5. 2020-138-A.pdf