File #: 2021-0210-E    Version: 1 Name:
Type: Ordinance Status: Enacted
File Introduced: 4/13/2021 In control: City Council
On agenda: 5/11/2021 Final action: 5/11/2021
Effective date:    
Title: ORD Making Certain Findings, & Auth the Approp of $200,000 in Funding from the Downtown Economic Development Fund Loans Account to Provide for a $200,000 Economic Development Grant to Regions Bank (“Developer”); Auth the Mayor, or His Designee, to Execute an Economic Development Agreemnt (“Agreement”) btwn the Downtown Investment Authority (“DIA”), the City of Jax (“City”), & Developer, to Support the Renovation by Developer of the Old Bisbee Building (“Building”) Located at 51 West Bay St. & Costs Incurred & Improvements Associated w/ the Sale of the Adjacent Surface Lot Located at 54 West Forsyth St. (“Surface Lot”) in the Downtown Northbank Community Redevelopment Area (“Project”); Auth up to 5 Tranches of Downtown Preservation & Revitalization Program Forgivable Loans, in an Aggregate Amount not to Exceed $900,000, to the Developer in Connection w/ the Renovations to the Building, to be Approp by Subsequent Legislation; Auth an Economic Development Grant in an A...
Introducer and/or Co-Sponsor(s): Mayor
Assigned Committees: FINANCE, RULES
Legislation Documents: 1. 2021-210 Original Bill.pdf, 2. 2021-210- On File.pdf, 3. 2021-210- Fact Sheet.pdf, 4. 2021-210- Exh 2.pdf, 5. 2021-210- Exh 1.pdf, 6. 2021-210 Bill Summary.pdf, 7. 2021-210-E.pdf