File #: 2022-0863-A    Version: 1 Name:
Type: Resolution Status: Adopted
File Introduced: 11/22/2022 In control: City Council
On agenda: 12/13/2022 Final action: 12/13/2022
Effective date:    
Title: RESO Apv & Auth the Execution of an Economic Dev Agrmt btwn the City & Paysafe Payment Processing Solutions LLC, to Support the Relocation of the Company’s National Headquarters to the City; Auth a Headquarters Relocation Grant in the Max Amt of $1,500,000 (HQ Relocation Grant) Payable in 5 Equal, Annual Disbursements Following the Purchase or Lease of the Proj Parcel by the Company; Auth a Headquarters Retention Grant in the Max Amt of $5,000,000 (HQ Retention Grant) Payable in 10 Equal, Annual Installments Beginning the FY Immediately Following the 5th & Final Disbursement of the HQ Relocation Grant; Auth an Employment Creation Grant (“EC Grant”) in the Max Amt of $3,600,000, Calculated in the Amt of $6,000 Per New Job, Capped at 600 New Jobs, Payable in 25% Increments Over a 4-Yr Period; Apv & Auth the Execution of Docs by the Mayor, or His Designee, & Corp Sec; Auth Appvl of Tech Amends by the Executive Dir of the OED; Prov for Oversight by the OED; Prov a Deadl...
Introducer and/or Co-Sponsor(s): Mayor
Assigned Committees: FINANCE, RULES
Legislation Documents: 1. 2022-863 Original Bill, 2. 2022-863 Exhibit 1, 3. 2022-863 On File, 4. 2022-863 LFS, 5. 2022-863 Bill Summary, 6. 2022-863 Rules Amd
Final documents: 1. 2022-863-A, 2. 2022-863 Revised Exhibit 1