File #: 2021-0673-E    Version: 1 Name:
Type: Ordinance Status: Enacted
File Introduced: 9/14/2021 In control: City Council
On agenda: 10/12/2021 Final action: 10/12/2021
Effective date:    
Title: ORD Making Certain Findings & Auth the Mayor, or his Designee, to Execute: (1) a Redevelopment Agreement (“Redevelopment Agreement”) among the City of Jax (“City”), DIA & IGUANA Investments FL, LLC (“Developer”), which Redevelopment Agreement provides for the Design & Construction of a Luxury Hotel with no fewer than 170 Rooms, no fewer than 23 Class A Condominium Units (Collectively, the “Hotel Improvemnts”), & a Class A Office Bldg with no less than 141,300 Gross Sq. Ft. (“Office Bldg Improvemnts”); if elected by the Developer, the Redevelopment Agreement also Authorizes the Construction by the Developer on behalf of the City of a Marina Support Bldg of no less than 6,000 Sq. Ft. & Events Lawn of Approx 1 Acre having an estimated cost to the City of $6,192,967 (Collectively, the “Marina Support Bldg Improvemnts”), Improvemnts to Metro Park Marina with an estimated cost to the City of $7,180,133 (“Marina Improvemnts”), with all Aggregate Cost Overruns in Excess of...
Introducer and/or Co-Sponsor(s): Downtown Investment Authority
Assigned Committees: FINANCE, NCSPHS, RULES
Legislation Documents: 1. 2021-673 Original Bill, 2. 2021-673 Exhibit 1, 3. 2021-673 ON FILE, 4. 2021-673 Bill Summary.pdf, 5. 2021-673_Finance_Amd.pdf, 6. 2021-673_NCSPHS_Amd.pdf, 7. 2021-673-E.pdf, 8. 2021-673 Amended Bill Summary