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File #: 2020-0591-E    Version: 1 Name:
Type: Ordinance Status: Enacted
File created: 9/22/2020 In control: City Council
On agenda: 10/27/2020 Final action: 10/27/2020
Title: ORD Making Certain Findings & Auth the Mayor, his Designee, & Corp Secretary to Execute: (1) Redevelopment Agreemnt btwn the City of Jax & Armory Redevelopment Associates, LLC; (2) Lease Agreemnt Btwn the City of Jax & Armory Redevelopment Associates, LLC (“Developer”); (2) A lease Agreemnt btwn City of Jax & Armory Redevelopment Associates, LLC with an Initial Lease Term of 40 Yrs; (3) A Quitclaim Deed with Right of Reverter Conveying a City-Owned Parcel of Land to the Developer;& (4) Related Agreemnts as Described in the Redevelopment Agreemnt, for the Renovation & Lease of Armory Building, to Provide for the Purchase by the Developer of Adjacent 2.97± Acre of City-Owned, Improved Propty, located at 928 Liberty St, to be Developed into Approx 100 Residential Units, & Provide an Option to Developer to Purchase the Armory Building for a Period of 15 Yrs from the Effective Date of Lease at Purchase Price of $2,749,975.00 with Annual Increases As Set Forth...
Sponsors: Mayor, Reggie Gaffney, Matt Carlucci
Assigned Committees: FINANCE, NCSPHS, RULES, TEU
Attachments: 1. 2020-591 Original Bill.pdf, 2. 2020-591 Fact Sheet.pdf, 3. 2020-591 Bill Summary.pdf, 4. 2020-591_NCSPHS_Amd.pdf, 5. 2020-591-E.pdf