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File #: 2021-0346-A    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 6/8/2021 In control: City Council
On agenda: 6/22/2021 Final action: 6/22/2021
Title: RESO Making Certain Findings, & Apv & Auth the execution of an Economic Developmnt Agreemnt btwn the City of Jax & Dun & Bradstreet, Inc., to Support the Relocation of the Company’s National Headquarters to the City (“Project”); Auth a Relocation Grant in the Max Amt of $6,000,000 (“Relocation Grant”) Payable in 3 Annual Installmnts Following Acquisition of the Proj Parcel by the Company; Auth a $12,000,000 Headquarters Retention Grant (“HR Grant”) payable in Equal, Annual Installmnts Over a 20 Yr period Following Acquisition of the Proj Parcel by the Company, with Verification of Employment Retention Commencing in Yr 6 of the HR Grant; Auth an Employment Creation grant (“EC Grant”) in the Max Amt of $3,000,000, Calculated in the Amt of $6,000 per New Job, Capped at 500 New Jobs, Payable in 25 Percent Increments Over a 4 Yr Period; Apv & Auth the Execution of Docs by the Mayor, or his Designee, & Corp Secretary; Auth Approval of Technical Amendmnts by the Execu...
Sponsors: Mayor
Assigned Committees: FINANCE, RULES
Attachments: 1. 2021-346 Original Bill.pdf, 2. 2021-346 - Exhibit 1.pdf, 3. 2021-346 - LFS.pdf, 4. 2021-346 - On File.pdf, 5. 2021-0346 BILL SUMMARY.pdf, 6. 2021-346 Revised On File.pdf, 7. 2021-346_Finance_Amd.pdf, 8. 2021-346-A.pdf