Share to Facebook Share to Twitter Bookmark and Share
File #: 2021-0854-A    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 11/23/2021 In control: City Council
On agenda: 12/14/2021 Final action: 12/14/2021
Title: 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
Sponsors: Mayor
Assigned Committees: FINANCE, RULES
Attachments: 1. 2021-854 Exhibit 1, 2. 2021-854 On File, 3. 2021-854 LFS, 4. 2021-854 Original Bill.pdf, 5. 2021-854 Bill Summary, 6. 2021-854-A.pdf