to 12/31/31.
- Commencing 12/31/31 and continuing through the term of the REV Grant, if the Company
fails to retain the Retained Jobs and create and maintain a minimum of 200 New Jobs, the
REV grant will be proportionately reduced and if the Company fails to retain the Retained
Jobs and create and maintain a minimum of 150 New Jobs, the REV Grant will be terminated
• If any of the thirteen existing full-service grocery stores identified in the agreement that are
located in an Economically Distressed Area are closed, the Company will have 18 months from
the date of closure to open and operate a replacement store with substantially the same square
footage and operating hours or the HQR Grant and REV Grant will terminate and any amounts
previously paid must be repaid to the City
• OED has calculated the ROI as 1.07 over a 20-year period
• Waives the Public Investment Policy (PIP) to authorize a Headquarters Retention Grant which
is not an authorized incentive under the PIP
ORD Approp $12,599,258 from the Emerald Trail - Hogan’s Creek to Riverwalk
Other Construction Costs Acct to the City Owned Land Acquisition Acct;
Amend the 26-30 5-Yr CIP Appvd by Ord 2025-505-E to Reflect This Approp of
Funds from the Other Construction Costs Acct to the City Owned Land
Acquisition Acct for the Proj Entitled “Emerald Trail - Hogan’s Creek to
Riverwalk”; Declaring the Public Necessity for Acquiring Fee Simple Title,
Temporary Construction Easements, & Permanent Drainage Easements, Thru
Condemnation by Right of Eminent Domain to & Over Certain Parcels of Real
Property in Council Dist 7, Such Parcels Being Located Near or Adjacent to
Portions of Hogan’s Creek, Including the Entire Parcels of Real Property, or
Portions Thereof, as More Specifically Described Herein, as Required for the
Proj; Auth Acquisition of the Properties by Negotiation or Eminent Domain;
Auth the Chief of the Engineering & Construction Mgmt Div of the Dept of PW
to Make a Good Faith Deposit Into the Court Registry; Auth the Chief of the
Real Estate Div of the Dept of PW, or Her Desig, to Make Offers & Negotiate
for the Purchase of the Properties, Subj to Certain Conds; Auth the Chief of the
Real Estate Div of the Dept of PW, or Her Desig, at the Direction of the
Engineering & Construction Mgmt Div of the Dept of PW, to Make Offers &
Negotiate Claims for Business Damages, Attorneys’ Fees, & Costs Related to the
Purchase of the Properties, Subj to Certain Conds; Waiving the Settlement
Limitation in Secs 112.307 (Claims & Suits Brought Against the City for
Monetary Relief),112.308 (Eminent Domain), & 112.309 (Attorneys’ Fees), Pt 3
(Settlement of Claims & Suits by & Against City), Ch 112 (Claims by & Against
City), Ord Code, re Limitations on the Total Amt of a Settlement; Auth &
Directing the OGC to Initiate Approp Condemnation Proceedings & Declarations
of Taking; Prov for Oversight by the Engineering & Construction Mgmt Div of
the Dept of PW (Wilson) (Req of Mayor)
24.
4/28/26 CO Introduced: NCSPHS, R, TEU, F
5/4/26 NCSPHS Read 2nd & Rerefer
5/4/26 R Read 2nd & Rerefer
5/5/26 TEU Read 2nd & Rerefer
5/5/26 F Read 2nd & Rerefer
Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/12/26
READ 2ND & REREFER
