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Title:
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RESO Making Certain Findings, Apv & Auth the Execution of an Economic Dev Agreemt (“Agreement”) btwn the City of Jax (“City”) & Cenntro Auto Corp (“Company”), to Support the Creation of a new Electric Vehicle Manufacturing Facility to be Leased by the Company & Located at 2282 Lane Ave N Within the City (“Project”); Auth a 5-Yr Recapture Enhanced Value (REV) Grant of $450,000; Apv & Auth the Execution of Documents by the Mayor, or his Designee, & Corp Sec; Auth Apv of Technical Amends by the Executive Dir of the Office of Economic Dev (“OED”); Providing for Oversight by the OED; Providing a Deadline for the Company to Execute the Agreemt; Affirm the Project’s Compliance with the Public Investment Policy Adopted by Ord 2016-382-E, As Amended; Req 2-Reading passage Pursuant to Council Rule 3.305 (Sawyer) (Introduced by CP Newby at Req of Mayor)
11/23/21 CO Introduced: F, R
12/7/21 F Approve 5-0
12/7/21 R Approve 7-0
12/14/21 CO Approved 18-0
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