Finance Committee

City of Jacksonville 117 W Duval St Jacksonville, FL 32202 Agenda - Final Agenda Meeting Tuesday, November 19, 2019 9:00 AM Council Chambers 1st Floor, City Hall Finance Committee Aaron Bowman, Chair LeAnna Cumber, Vice Chair Randy DeFoor Terrance Freeman Tommy Hazouri Ju'Coby Pittman Ron Salem, Pharm. D. Legislative Assistant: Crystal Shemwell Legislative Assistant: Juliette Williams Council Auditor: Kyle Billy Chief of Research: Jeff Clements Deputy General Counsel: Peggy Sidman Administration: Rachel Lockhart Asst. Council Auditor: Kim Taylor Finance Committee Agenda - Final November 19, 2019 1. 2019-0555 ORD Auth the Approp of $1,725,422.19 in funding from the City’s General Fund, General Svc. Dist. Fund Balance, in order to provide funding for the repayment by the City of funds received from the State of FL Dept of Environmental Protection, Pursuant to that certain land & water conservation Fund Agreement No.12-00182 btwn the City & the State of FL (“Grant Agreement”), to allow for the future dev of Metropolitan Park; Apv & Auth Mayor & Corp Sec to Exec any Grant Agreemt termination docs & othr agreemts as req by law. (B.T. 19-112)(Lotzia)(Req of Mayor) 8/13/2019 CO Introduced: NCSPHS, TEU, F 8/19/2019 NCSPHS Read 2nd & Rerefer 8/19/2019 TEU Read 2nd & Rerefer 8/20/2019 F Read 2nd and Rerefer 8/27/2019 CO PH Read 2nd and Rerefered; NCSPHS,TEU,F 9/5/2019 NCSPHS Meeting Cancelled/Defer 9/5/2019 TEU Meeting Cancelled/Defer Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 8/27/19 2. 2019-0693 ORD-MC Regarding JEA; Amend Sec 21.07 (Fiscal & Budgetary Functions), Article 21 (JEA), City Charter, to create a New Subsection M to provide for a sharing of dividends to JEA customers based on JEA’s change in net position. (Sidman)(Introduced by CM Dennis) 9/24/2019 CO Introduced: TEU, F, R 9/30/2019 TEU Read 2nd & Rerefer 10/1/2019 F Read 2nd and Rerefer 10/1/2019 R Read 2nd and Rerefer 10/8/2019 CO PH Addnl Read 2nd and Rerefered;TEU,F,R Public Hearing Pursuant to Chapt 166, F.S.& to Sec. 21.11,City Charter & CR 3.601 – 10/8/19 & 11/12/19 3. 2019-0725 ORD-MC Amend Sec 120.203 (Contributions: Refund of Contributions), Pt.2(Gen Employees Retirement Plan), Chapt. 120 (Gen Employees & Corrections Officers Pension Plans & all Employees Defined Contribution Retirement Plans), Ord Code, to provide for payment of JEA’s unfunded actuarial accrued liability upon JEA recapitalization event; Making amendment contingent upon recapitalization event for a sunset date . (Sidman) (Introduced by CM Carlucci) 10/8/2019 CO Introduced: TEU, F, R 10/14/2019 TEU Read 2nd & Rerefer 10/15/2019 F Read 2nd & Rerefer 10/15/2019 R Read 2nd & Rerefer 10/22/2019 CO PH Read 2nd and Rerefered;TEU,F,R Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 -10/22/19 Page 1 of 9 Finance Committee Agenda - Final November 19, 2019 4. 2019-0726 ORD Apv Collective Bargain Agreemt bet JEA & Jacksonville Supervisors Assn (JSA), such agreemnt commencing 10/1/19 & ending 9/30/22 (Granat) (Req of JEA) 10/8/2019 CO Introduced: TEU, F, R 10/14/2019 TEU Read 2nd & Rerefer 10/15/2019 F Read 2nd & Rerefer 10/15/2019 R Read 2nd & Rerefer 10/22/2019 CO PH Read 2nd & Rerefered;TEU,F,R Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 -10/22/19 5. 2019-0727 ORD Apv Collective Bargain Agreemt bet JEA & American Federation of State (AFSCME), County & Municipal Employees, FL Council 79, Local 429 (AFSCME), such agreemnt. Commencing 10/1/19 & ending 9/30/22 (Granat) (Req of JEA) 10/8/2019 CO Introduced: TEU, F, R 10/14/2019 TEU Read 2nd & Rerefer 10/15/2019 F Read 2nd & Rerefer 10/15/2019 R Read 2nd & Rerefer 10/22/2019 CO PH Read 2nd & Rereferedl;TEU,F,R Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 -10/22/19 6. 2019-0728 ORD Apv Collective Bargain Agreemt bet JEA & Jacksonville Professional Employees Assoc., such agreemnt commencing 10/1/19 & ending 9/30/22 (Granat) (Req of JEA) 10/8/2019 CO Introduced: TEU, F, R 10/14/2019 TEU Read 2nd & Rerefer 10/15/2019 F Read 2nd & Rerefer 10/15/2019 R Read 2nd & Rerefer 10/22/2019 CO PH Read 2nd & Rerefered;TEU,F,R Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 -10/22/19 7. 2019-0729 ORD Apv Collective Bargain Agreemt bet JEA & Northeast Florida Public Employees' Local 630 LIUNA; such agreemnt commencing 10/1/19 & ending 9/30/22 (Granat) (Req of JEA) 10/8/2019 CO Introduced: TEU, F, R 10/14/2019 TEU Read 2nd & Rerefer 10/15/2019 F Read 2nd & Rerefer 10/15/2019 R Read 2nd & Rerefer 10/22/2019 CO PH Read 2nd & Rerefered;TEU,F,R Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 -10/22/19 Page 2 of 9 Finance Committee Agenda - Final November 19, 2019 8. 2019-0730 ORD Apv Collective Bargain Agreemt bet JEA & IBEW Local 2358,; such agreemnt commencing 10/1/19 & ending 9/30/22 (Granat) (Req of JEA) 10/8/2019 CO Introduced: TEU, F, R 10/14/2019 TEU Read 2nd & Rerefer 10/15/2019 F Read 2nd & Rerefer 10/15/2019 R Read 2nd & Rerefer 10/22/2019 CO PH Read 2nd & Rerefered;TEU,F,R Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 -10/22/19 9. 2019-0758 ORD Approp $270,000.00 ($202,500.00 from Dept of Homeland Security - Port Security Grant Prog & Local Match of $67,500.00 from City's Reserves) to fund CBRNE Port and Maritime Vessel Support System & Port Stationary Detection System. Auth Grant Award btwn Dept of Homeland Security & the City of Jax; Designate Oversight by Emerg Preparedness Div. (BT 20-014) (McCain) (Req of Mayor) (Co-Sponsored by CM Dennis) 10/22/2019 CO Introduced:NCSPHS, F 11/4/2019 NCSPHS Read 2nd & Rerefer 11/5/2019 F Read 2nd and Rerefer 11/12/2019 CO PH Read 2nd and Rerefered; NCSPHS, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 - 11/12/19 10. 2019-0759 ORD Apv & Adopting Revised Underwriting Guidelines for JSEB access to Capital Prog to clarify pre-qualification criteria & required documentation. (McCain) (Req of Mayor) 10/22/2019 CO Introduced:F,R 11/5/2019 F Read 2nd and Rerefer 11/5/2019 R Read 2nd and Rerefer 11/12/2019 CO PH Read 2nd and Rerefered,F,R Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 - 11/12/19 11. 2019-0761 ORD Approp $150,000.00 from Gen Fund – Fund Balance to PAO to support Media Campaign for 2020 Census. (BT 20-016) (McCain) (Req of Mayor) (Co-Sponsored by CM Dennis) 10/22/2019 CO Introduced: F 11/5/2019 F Read 2nd and Rerefer 11/12/2019 CO PH Read 2nd and Rerefered;F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 - 11/12/19 Page 3 of 9 Finance Committee Agenda - Final November 19, 2019 12. 2019-0764 ORD Approp $307,894.53 from the Sale of Water Quality Compensatory Credits pursuant to Ord 2017-516-E in order to Perform Water Quality Improvement Work in the Downtown Area; Amend the 2020/2024 5-Yr CIP Apvd. by Ord 2019-505-E to use Proceeds from the Proj. entitled “Downtown Water Quality Improvement-Water Quality Credits Sale” (B.T. 19-127) (Mc Cain) (Req of Mayor) 10/22/2019 CO Introduced: NCSPHS, TEU, F 11/4/2019 NCSPHS Read 2nd & Rerefer 11/4/2019 TEU Read 2nd & Rerefer 11/5/2019 F Read 2nd and Rerefer 11/12/2019 CO PH Read 2nd and Rerefered; NCSPHS, TEU, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 –11/12/19 13. 2019-0765 ORD Approp $211,575.00 from the Traffic Calming Constrn. Proj. to the Southside Estates Traffic Calming Proj.;Amend the 2020/2024 5 Yr CIP Apvd. by Ord 2019-505-E to reduce funding for the Proj. entitled “Traffic Calming Constrn.” & Provide Funding for the Proj. entitled ‘Southside Estates Traffic Calming “(B.T. 20-013) (McCain) (Req of Mayor) 10/22/2019 CO Introduced: NCSPHS, TEU, F 11/4/2019 NCSPHS Read 2nd & Rerefer 11/4/2019 TEU Read 2nd & Rerefer 11/5/2019 F Read 2nd and Rerefer 11/12/2019 CO PH Read 2nd and Rerefered; NCSPHS, TEU, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 –11/12/19 14. 2019-0767 ORD Approp $750,000 from the NW Jax Economic Developmnt Fund-Supermarket Incentive Prog. to Subsidies & Contributions to Private Organizations to Commonwealth SDC,LLC (“Company”) for the purpose of providing a $750,000 Full Svc. Grocery Store Improvemnts Prog. Grant in Connection with the Renovation of an existing , vacant, 49,000 Sq. Ft. Grocery Store at 1020 N. Edgewood Ave. in a Food Desert Area to be Leased to a New Full-Svc. Grocery Store Tenant, Apv & Auth execution of docs. by the Mayor or his Designee & Corp. Sec.;Auth Approval of technical amendmnts by the Exec. Director of the OED; Provide for City Oversight by OED; Affirm the Proj.’s Compliance with the Full Svc. Grocery Store Improvement Prog. Criteria Apvd. & Adopted by ORD 2019-245-E (B.T. 20-018)(Sawyer)(Req of Mayor) (Co-sponsored by CM Dennis) 10/22/2019 CO Introduced: NCSPHS,F,R 11/4/2019 NCSPHS Read 2nd & Rerefer 11/5/2019 F Read 2nd and Rerefer 11/5/2019 R Read 2nd and Rerefer 11/12/2019 CO PH Read 2nd and Rerefered;NCSPHS,F,R Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 -11/12/19 Page 4 of 9 Finance Committee Agenda - Final November 19, 2019 15. 2019-0768 ORD Approp $300,000.00 from the NW Jax Economic Dev Fund – Supermarket Incentive Prog to the Mobile Markets Prog (in the amount of $200,000) & the Transportation Prog (in the amount of $100,000), to fund 2 pilot progs to address food deserts within NW Jax; Approving & Adopting the Objectives, Proposed Allocation of Funds & Criteria for the Food Desert Pilot Progs, consisting of the Delivery Initiatives Prog, the Mobile Market Prog, the Transportation Prog & the Expanded Inventory Offering Prog, as req by Ord 2019-245-E. (BT 20-019) (Sawyer) (Req of Mayor)(Co-sponored by CM Dennis) 10/22/2019 CO Introduced: NCSPHS, F 11/4/2019 NCSPHS Read 2nd & Rerefer 11/5/2019 F Read 2nd and Rerefer 11/12/2019 CO PH Read 2nd and Rerefered; NCSPHS, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 -11/12/19 16. 2019-0769 ORD MC-Approp $40,000.00 from Tourist Dev. Council fund to fund Equestrian Ctr. Grants Awarded pursuant to Sec. 666.108 (8) under the Tourist Dev. Plan set forth in Chapt. 666,Ord Code, to separately account for Equestrian Ctr. Grants & Allow Grant Funding to carryover each yr.; purpose; Amend Sec. 111.600 (Tourist Dev. Tax Special Rev. Fund; Dev., Contingency & Convention Grants Acct.),Pt. 6(Economic & Comm. Dev.) Chapt. 111 (Special Rev. & trust Accts),Ord Code; Amend Sec. 666.108 (Tourist Dev. Plan), Chapt. 666 (Duval County Tourist Dev. Plan), Ord Code; Amend Tourist Dev. Council grant Guidelines; Provide Codification Instructions (Hodges) (Req of Duval County Tourist Dev. Council) 10/22/2019 CO Introduced: NCSPHS, F 11/4/2019 NCSPHS Read 2nd & Rerefer 11/5/2019 F Read 2nd & Rerefer 11/12/2019 CO PH Read 2nd and Rerefered; NCSPHS, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 -11/12/19 17. 2019-0771 ORD Approp $255,207.00 from Sidewalks/Bikelanes-Countywide & from Sidewalk Constrn.-New to Ellis Rd Sidewalk Improvemt to Complete Constrn of New Sidewalks along W/S of Ellis Rd from Lenox Ave to Normandy Blvd; Amending the 2020/2024 5 Yr. CIP Apvd. by Ord 2019-505-E to reduce funding for the Projs. Entitled "Sidewalks/Bikelanes-Countywide” & “Sidewalk Construction-New” & to provide funding for the Proj. Entitled "Ellis Rd Sidewalk Improvements" (BT 19-126) (McCain) (Req of Mayor) (Co-sponosored by CM Dennis) 10/22/2019 CO Introduced: NCSPHS,TEU, F 11/4/2019 NCSPHS Read 2nd & Rerefer 11/4/2019 TEU Read 2nd & Rerefer 11/5/2019 F Read 2nd and Rerefer 11/12/2019 CO PH Read 2nd and Rerefered; NCSPHS, TEU, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 -11/12/19 Page 5 of 9 Finance Committee Agenda - Final November 19, 2019 18. 2019-0772 ORD Auth & Apv Mayor & Corp Sec to Execute & Deliver, for & on behalf of the City, the Restrictive Covenant btwn & among the City, the Mandarin Museum & Historical Society, & State of FL, Dept of State, Div of Cultural Affairs; Auth & Apv Mayor & Corp Sec to Execute & Deliver, for & on behalf of the City, the 2nd Amend to license agreemt btwn the City & the Mandarin Museum & Historical Society; Oversight by Parks, Recreation & Comm Svcs Dept. (McCain)(Req of Mayor) 10/22/2019 CO Introduced: NCSPHS,F 11/4/2019 NCSPHS Read 2nd & Rerefer 11/5/2019 F Read 2nd and Rerefer 11/12/2019 CO PH Read 2nd and Rerefered; NCSPHS,F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 -11/12/19 19. 2019-0773 ORD Approp $1,500,000.00 in Grant Funds from the St. Johns River Water Mgmt. Dist for its participation in the costs of McCoy’s Creek Improvemt Proj; Amending the 2020/2024 5 Yr. CIP Apvd. by Ord 2019-505-E to provide funding for the Proj. Entitled “McCoy’s Creek Restoration”; Auth Mayor & Corp Sec to Execute & Deliver, for & on behalf of the City, the Cost Share Agreemt btwn the St. Johns River Water Mgmt. Dist & the City; Oversight by the Engineering & Constrn Mgmt Div of the P.W. Dept. (B.T. 19-128)(McCain)(Req of Mayor) (Co-Sponsored by CM Dennis & Ferraro) 10/22/2019 CO Introduced: NCSPHS, F, JWW 11/4/2019 NCSPHS Read 2nd & Rerefer 11/5/2019 F Read 2nd and Rerefer 11/12/2019 CO PH Read 2nd and Rerefered; NCSPHS, F 11/13/2019 JWW Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 -11/12/19 20. 2019-0804 ORD Approp $920,699.00 from Amphitheater (Daily’s Place) Rev to Amphitheater Expense to fund Capital Improvmt & Maint needs at Daily’s Place (B.T. 20-027) (McCain) (Req of Mayor)(Co-Sponsored by CM Dennis) 11/12/19 CO Introduced: NCSPHS, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 –11/26/19 21. 2019-0806 ORD Apv & Auth Purchase & Sale Agreemt bet COJ & M &M Dairy, Inc. & all closing docs relating thereto & take all necessary actions to Effectuate purposes of Agreemt for Acquisition by buyer at Negotiated Purch Price of $805,600.00 of real propty at 12210 New Berlin Rd (R.E.# 106596-0000), Comprising Approx 10.52 Acre for location of New Library. (McCain) (Req of Mayor) (Dist. 2-CM Ferraro) 11/12/19 CO Introduced: NCSPHS, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 –11/26/19 Page 6 of 9 Finance Committee Agenda - Final November 19, 2019 22. 2019-0807 ORD Closing & Abandoning Jax Heights Unopened & Unimproved r/w, at request of KB Home Jax, LLC; Prov. Approval Subj. to Cond(s) (McCain) (Req of Mayor) (Dist.12-CM White) 11/12/19 CO Introduced: TEU TEU PH Pursuant to Sec 336.10, F.S.-12/2/19 Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 –11/26/19 23. 2019-0808 ORD Approp $250,000.00 from Pretrial Detention Facility – Maint & Upgrades Proj to Montgomery Correctional Facility- MCC Women’s Dorm Generator Replacmt proj to provide funding for purch & installtn of replacemt generator at Montgomery Correctional Facility’s Women’s dorm; Amend 2020-2024 5-yr Cap Improv Prog Apv by Ord 2019-505-E to reduce funding for “Pretrial Detention Facility – Maint.& Upgrades” proj & to prov funding for “Montgomery Correctional Facility – MCC Women’s Dorm Generator Replacement.” (B.T. 20-022)(McCain)(Req of Mayor)(Co-Sponsored by CM Dennis) 11/12/2019 CO Introduced: NCSPHS, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 –11/26/19 24. 2019-0809 ORD Approp $35,000.00 from State of FL Div of Historical Resources to hire Historic Preservation Consultant to map Old City Cemetery; Apv & Auth Mayor, or designee & Corp Sec to Execute & Deliver agreemt bet State of FL Dept of State & COJ;Oversight by Planning & Dev Dept. (B.T. 20-015) (McCain) (Req of Mayor) 11/12/2019 CO Introduced: NCSPHS, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 –11/26/19 25. 2019-0810 ORD Approp of $8,000,000.00 from Gen. Fund Balance to Shands Jax Medical Center, Inc D/B/A UF Health (“Shands”) to fund legally req’d County Hospital Expenses; Apv & Auth Mayor, or his designee & Corp Sec to Exec & Deliver an Amendment One to Indigent Care Agreemt btwn the City & Shands dated 6/2/05. Oversight by the Dept of Finance & Admin.(B.T. 20-026)(McCain)(Req of Mayor) (Co-Sponsored by CM Dennis) 11/12/2019 CO Introduced: NCSPHS, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 - 11/26/19 Page 7 of 9 Finance Committee Agenda - Final November 19, 2019 26. 2019-0811 ORD re a partial Ad Valorem Property Tax Exemption for Rehab of a City Designated Landmark at 112 W. Adams St, Owned by Barnett Tower 2, LLC; Providing for Exemption from that Portion of Ad Valorem Taxation Levied by COJ on 100% of the increase in Assessed Value resulting from Qualifying Improvement Proj, Pursnt. to Sec. 780.303., Ord Code; Providing for an Exemption Period of ten (10)Yrs begin on January 1st of the yr following the yr in which the Council enacts this Ordinance, Pursnt. to Sec 780.304, Ord Code. (West)(NCSPHS) 11/12/2019 CO Introduced: NCSPHS, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601-11/26/19 27. 2019-0812 ORD Approp $95,000.00 from NW Jax Economic Dev Reserves to the NW Jax Economic Dev Subsidies & Contributions to allow the City to partner w/JTA to fund a grant for a Pilot Transportation Prog Apvd by Ord. 2019-245-E “Full Service Grocery Store Imprvmnt Prog” (“The Program”) for 1-yr. Apv & Auth Mayor or his designee & Corp Sec to Exec & Deliver for & on behalf of the City, Funding Agmnt btwn the COJ & JTA for Pilot Transportation Prog.; Oversight by OED. (B.T. 20-024) (McCain) (Req of Mayor) (Co-Sponsored by CM Dennis) 11/12/2019 CO Introduced: NCSPHS, TEU, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601-11/26/19 28. 2019-0813 ORD Approp $200,000 from Mobile Markets Prog/Reserves to Subsidies & Contributions to Private Orgs., to Regional Food Bank of NE FL, Inc. D/B/A Feeding NE FL (“The Company”) for Purpose of Providing Money Market Prog. Grant to company in the up-to amnt. of $200,000 to provide funding for the purchase of a towing vehicle, trailer & related equipment. As necessary for Operation of a Mobile Food Market for NE Jax; provid.for carryover of funds from yr to yr until funds are expended or lapse according to the Agmnt; Apv & Auth Mayor & Corp Sec to Exec & Deliver Mobile Mrkt Prog Agmnt btwn COJ & the Company; Apv & Auth the Mayor,or his designee,& Corp. Sec. to execute & deliver that a certain Mobile Market Prog. Agreemnt.btwn the City & the Company; Auth Apv. of Technical Amendmnts by the Exec Director of OED; Oversight by OED; (B.T. 20-31) (Sawyer) (Req of Mayor)(Co-Sponsored by CM Dennis) 11/12/2019 CO Introduced: NCSPHS, TEU, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601-11/26/19 Page 8 of 9 Finance Committee Agenda - Final November 19, 2019 29. 2019-0832 RESO Auth Issuance by Jax Housing Finance Auth (JHFA) of its Multifamily Housing Rev.Bonds (Sydney Trace) in an aggregate principal amount not to exceed $21,500,000 for the purpose of financing all or a portion of the costs related to the acquisition & construction of a Multifamily Residential Housing Facilities for persons of low, middle, or moderate income located on the Northside of Merchants Way, W. of the Intersection of Oakleaf Village Pkwy & Merchants Way, Jax, FL to be commonly known as "Sydney Trace Apartments."; determining credit not being pledged. (Hodges) (Req of JHFA) 11/12/2019 CO Introduced: NCSPHS, F Public Hearing Pursuant to Sec 147(f), Internal Rev Code, held by JHFA – 11/4/19 30. 2019-0833 RESO Auth Issuance by Jax Housing Finance Auth of its Multifamily Housing Revenue Bonds (Ashley Square) in an aggregate principal amount not to exceed $14,000,000 for the purpose of financing all or a portion of the costs related to the acquisition & construction of a Multifamily Residential Housing Facilities for elderly persons of low, middle, or moderate income located at 127 East Ashley St. & 116 East Beaver St., Jax, FL to be commonly known as "Ashley Square Apts."; determining credit not being pledged. (Hodges) (Req of JHFA) 11/12/2019 CO Introduced: NCSPHS, F Public Hearing Pursuant to Sec 147(f), Internal Rev Code, held by JHFA – 11/4/19 31. 2019-0834 RESO Auth Issuance by Jax Housing Finance Auth of its Homeowner Mortgage Rev.Bonds, in an aggregate face amnt. Not to exceed $50,000,000 for the purpose of purchasing Mortgage Loans originated by participating local lending institutions to finance the purchase or rehab. of new or existing owner-occupied Single-family residences w/in Duval Cty, FL.by persons of low, middle, or moderate or middle income, or purchasing securities from a master servicer evidencing interests in or backed by a pool of such mortgage loans; include. w/o limitation, securities guaranteed by the Federal Govern. or agencies thereof (The Project) or for the purpose of refunding portions of previously issued Homeowner Mortgage Rev, Bonds to thereby make funds available for the financing of the proj.;Auth the submission of a req. for a private activity bond volume cap allocation; Determining credit not being pledged. (Hodges) (Req of JHFA) 11/12/2019 CO Introduced: NCSPHS, F Public Hearing Pursuant to Sec 147(f), Internal Rev Code, held by JHFA – 11/4/19 Page 9 of 9