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File #: 2020-0226-A    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 4/28/2020 In control: City Council
On agenda: 5/12/2020 Final action: 5/12/2020
Title: RESO Auth Economic Dev Agreemt btwn the City of Jax (“City”) & Project Kodiak (“Company”) to Support the Creation of the Company’s New Offices in Jax, FL (“The Project”); Recommending that the Company be Apvd by the State of FL’s Dept of Economic Opportunity as a Qualified Target Industry (“QTI”) Business Pursuant to Secs 288.106-108, FL Statues; Evidencing a Commitment of City Support in an Amount not to Exceed $96,000 as the Local Financial Support under the QTI Tax Refund Prog Payable Over Multiple Years per Guidelines Set by the State Dept of Economic Opportunity, with a State match of $384,000, for a Total City & State QTI Amount of $480,000 for 80 Jobs; Apv & Auth Execution of Documents by Mayor or his Designee & Corp Secretary; Auth Apv of Technical Amendments by the Executive Director of the OED;Oversight by OED; Timeline for Execution of Agreemt by the Company; Affirm the Proj’s Compliance with the Public Investment Policy Adopted by Ord 2016-382-E, as Amended by Ord 2018-370-...
Sponsors: Mayor
Assigned Committees: FINANCE
Attachments: 1. 2020-226 Kodiak Fact Sheet.pdf, 2. 2020-226 Kodiak Exhibit 1.pdf, 3. 2020-0226 Original Bill.pdf, 4. 2020-0226 Bill Summary.pdf, 5. 2020-226_Finance_Amend_.pdf, 6. 2020-226-A.pdf