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Title:
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ORD Approp. $ 7,500,000 from the General Fund - Transfer from Fund Balance to Subsidies & Contributions to Private Organizations (In the Amt of $1,000,000) & Loans (In the Amt of $6,500,000) to Icemen Igloo, LLC (“Company”) for the Purpose of Providing an Up-To
$1,000,000 Developmnt Completion Grant in Connection with the Purchase & Developmnt of the Site Currently Known as the Jax Ice & Sportsplex, Inclusive of a 2nd Ice Rink, a Sports-Themed Restaurant & Facilities to Support you Hockey Progs., on the Company’s to be Acquired Property at 3605 Philips Highway,Jax,FL (“The Project”);Apv & Auth an up to $1,000,000 Developmnt Completion Grant Upon Substantial Completion of the Proj.; Apv & Auth an Up-to 20 yr., $6,500,000 Loan Payable to the Company on a Reimbursement Basis During Construction of the Proj., with an Interest Rate of 3% Per Yr.; Purpose of Approp.; Providing a Carryover of Funds from Yr. to Yr. until such Funds are Expended or Lapse According to the Agreemnt; Apv & Auth ...
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