Common Contracts
1 similar Redevelopment Agreement contracts
Introduced by the Council President at the request of the DIA: ORDINANCE 2021-253Redevelopment Agreement • May 12th, 2021
AN ORDINANCE MAKING CERTAIN FINDINGS AND AUTHORIZING THE MAYOR, OR HIS DESIGNEE, TO EXECUTE: (1) A REDEVELOPMENT AGREEMENT (“REDEVELOPMENT AGREEMENT”) AMONG THE CITY OF JACKSONVILLE (“CITY”), DOWNTOWN INVESTMENT AUTHORITY (“DIA”), AND RD RIVER CITY BREWERY, LLC (“DEVELOPER”), WHICH REDEVELOPMENT AGREEMENT PROVIDES FOR THE DESIGN AND CONSTRUCTION OF 325 MULTI-FAMILY RESIDENTIAL UNITS, A 500 SPACE STRUCTURED PARKING FACILITY, A RESTAURANT AND BAR VENUE, A SHIP’S STORE, MARINA IMPROVEMENTS AND RIVERWALK IMPROVEMENTS BY THE DEVELOPER, ALL ON THE SOUTHBANK OF THE ST. JOHNS RIVER WITHIN THE SOUTHBANK DOWNTOWN COMMUNITY REDEVELOPMENT AREA (“PROJECT”); (2) A QUITCLAIM DEED CONVEYING AN APPROXIMATELY 3.43 ACRE PARCEL OF CITY-OWNED LAND TO THE DEVELOPER AT NO COST; (3) A MARINA IMPROVEMENTS COSTS DISBURSEMENT AGREEMENT BY WHICH THE DEVELOPER SHALL REPAIR AND CONSTRUCT ON BEHALF OF THE CITY CERTAIN MARINA IMPROVEMENTS TO BE FUNDED BY THE CITY IN THE MAXIMUM AMOUNT OF $1,143,807, WITH COST OVERRUN
