File #: 2022-0905-E    Version: 1 Name:
Type: Ordinance Status: Enacted
File Introduced: 12/13/2022 In control: City Council
On agenda: 1/24/2023 Final action: 1/24/2023
Effective date: 1/25/2023    
Title: ORD Auth the Mayor, or His Designee, to Execute an Economic Development Agrmt Btwn the City & Springfield MF Partners, LLC, (“Developer”) to Support the Development by Developer of an ± 202-Unit Apartment Community Located Generally at 33 1st St W., 1148 Main St N., & 1100 Main St N., in the City of Jax; Auth a 75%, 15 Yr REV Grant in the Max Amt Not to Exceed $5,500,000 in Connection with the Construction of the Improvements; Apv & Auth a Completion Grant in the Amt of $2,000,000 to the Developer Upon Substantial Completion of the Proj, to be Approp by Subsequent Legislation; Desig the OED as Contract Monitor for the Agrmt; Prov for City Oversight of the Proj by Public Works & the OED; Auth the Execution of All Docs Relating to the Above Agrmts & Transactions, & Auth Technical Changes to the Docs; Waiver of Those Portions of the Public Investment Policy Adopted by Ord 2022-372-E, As Amended, Which Would Require That in Order for a Proj to Receive a REV Grant th...
Introducer and/or Co-Sponsor(s): Mayor
Assigned Committees: FINANCE, NCSPHS, RULES
Legislation Documents: 1. 2022-905 Original Bill, 2. 2022-905 LFS, 3. 2022-905 Bill Summary, 4. 2022-905 NCSPHS Amd
Final documents: 1. 2022-905-E, 2. 2022-905 Exhibit 1 (Project Summary)