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File #: 2020-0241-A    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 5/12/2020 In control: City Council
On agenda: 5/26/2020 Final action: 5/26/2020
Title: RESO Auth Economic Dev Agreemt btwn the City of Jax (“City”) & Project Academy (“Company”), to Support the Creation of the Company’s Operations 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 with a High Impact Sector Bonus, Pursuant to Sec.’s 288.106-108, F.S; Evidencing a Commitment of City Support in an Amount not to Exceed $300,000 as the Local Financial Support under the QTI Tax Refund Program and Payable Over Multiple Yrs per Guidelines set by the State Dept of Economic Opportunity, with a State Match of $ 1,200,000, for a total City & State QTI Amount of $1,500,000 for 300 jobs; Apv & Auth Execution of Documents by the Mayor or his Designee & Corp Secretary; Auth Apv of Technical Amendmnts by the Executive Director of the OED; Oversight by OED; Timeline for Execution of Agreemnt by the Company; Affirm the projects Compliance with the Public Investment Policy Adopted...
Sponsors: Mayor
Assigned Committees: FINANCE
Attachments: 1. 2020-241 Exhibit 1.pdf, 2. 2020-241 LFS.pdf, 3. 2020-241 on file doc.pdf, 4. 2020-241 Original Bill.pdf, 5. 2020-241 Bill Summary, 6. 2020-241_Finance_Amd_.pdf, 7. 2020-241-A.pdf