AMENDED-City Council Finance Committee Special Meeting - Fast Track Economic Development Legislation & ITD Projects

June 24, 2013 - June 24, 2013
4:00 p.m.

City Hall

117 W. Duval St., 1st Floor

Council Chamber

If you have any questions, please contact Carol Owens, Legislative Assistant at 630-1404.

Notice is hereby given that the Finance Committee will meet on Monday, June 24, 2013 at 4:00 p.m., in the Council Chambers located at 117 W. Duval St., 1st Floor, St. James Building (1) to consider Ordinance 2013-371, Development Agreement with Bank of America, (2) and to review a memo from ITD, Pursuant to Ordinance 2005-483-E, regarding Modification of Project Description, in order to reallocate previously appropriated funds from Ord 2011-405-E (Budget Bill) for ITD projects.

2013-371

RESO Auth Economic Dev Agreemt with Bank of America, National Association for Expansion of Operations in Jax; Recommend Apv by Fla Dept of Economic Opportunity as a QTI Business; Evidence City Local Financial Support of $120,000 under QTI Tax Refund Prog & State Match of $480,000 for Total of $600,000 for 200 Jobs; Auth Rev Grant of $438,422; Provide Oversight by OED; Timeline for Execution of Agreemt by Company; Waive Portion of Public Investment Policy which Requires a Certain Score on OED's Proj Evaluation Matrix to Receive a 50% REV Grant for a 6-Yr Period. (Rowland) (Req of Mayor)

 

Please mark your calendar accordingly. All interested parties are invited to attend.