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2020-0648-D
| 1 | | | Ordinance | ORD MC-Making Certain Findings & Auth the Borrowing from the City’s Commercial Paper Facility and/or Issuance of Fixed-Rate Debt in the Cumulative Amt of $208,300,000 & Approp. thereof to Provide Funding for the Proj., Purpose of Approp.; Amending the 2021-2025 5 Yr C.I.P. Apvd. by Ord. 2020-505-E to Provide Funding for the Proj. Entitle “Lot J Developmnt Infrastructure Improvements”; Amending 2020-504-E, the FY 2021 Budget Ord., to Replace Schedule B4, the FY 2020-2021 C.I.P.’s Funded via Borrowing, to Auth the Borrowing and/or the Issuance of Debt for the (Lot J Developmnt Infrastructure) Improvemnts; Auth the Mayor, or His Designee, & Corp. Secretary to Execute & Deliver: (1) a Developmnt Agreemnt Among the City of Jax, the Downtown Investment Authority (“DIA”) & Jax I-C Parcel One Holding Co.,LLC (Inclusive of Affiliates or Subsidiaries, the “Developer”), which Agreemnt Provides for the Design, Construction, Ownership, Use, Mgmt, Operations, Costs & Financing for the Developmnt of What is Generally Known as the Lot J Surface Parking Lot to be Comprised of: (A) Approx. $77,700, | Sub/Approve | Pass |
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