Finance Committee

City of Jacksonville 117 W Duval St Jacksonville, FL 32202 Agenda - Revised Marked Tuesday, June 16, 2020 9:30 AM Virtual Meeting Finance Committee Aaron Bowman, Chair LeAnna Cumber, Vice Chair Randy DeFoor Terrance Freeman Tommy Hazouri Ju'Coby Pittman Ron Salem, Pharm. D. Legislative Assistant: Ladayija Nichols Legislative Assistant: Sharonda Davis Council Auditor: Kyle Billy Chief of Research: Jeff Clements Deputy General Counsel: Peggy Sidman Administration: Rachel Zimmer Asst. Council Auditor: Kim Taylor Finance Committee Agenda - Revised Marked June 16, 2020 If a person decides to appeal any decision made by the Council with respect to any matter considered at such meeting, such person will need a record of the proceedings, and for such purposes, such person may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. Meeting Convened: Meeting Adjourned: Council Auditor Kyle Billy to discuss: • Report 726B – Follow-Up on Municipal Code and Compliance Division Revenue Audit • Report 740B – Follow-Up on Information Technologies Billing Audit • Report 777A – Follow-Up on JEA Payroll Audit • Report 781A – Follow-Up on Animal Care and Protective Services Division Audit • Report 787A – Follow-Up on Compensation and Benefits Division Audit Presentation on Local Option Gas Tax Attendance: Item/File No. Title History 1. 2019-0555 ORD Auth the Approp of $1,725,422.19 in funding from the City’s DEFER General Fund, General Svc. Dist. Fund Balance, in order to provide funding for the repayment by the City of funds received from the State At request of the of FL Dept of Environmental Protection, Pursuant to that certain land & Administration 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) 8/13/19 CO Introduced: NCSPHS, TEU, F 8/19/19 NCSPHS Read 2nd & Rerefer 8/19/19 TEU Read 2nd & Rerefer 8/20/19 F Read 2nd and Rerefer 8/27/19 CO PH Read 2nd and Rereferred; NCSPHS,TEU,F 9/5/19 NCSPHS Meeting Cancelled/Defer 9/5/19 TEU Meeting Cancelled/Defer 3/16/20 NCSPHS Meeting Cancelled-COVID-19/ Emergency-No Action 3/16/20 TEU Meeting Cancelled-COVID-19/ Emergency-No Action 3/17/20 F Meeting Cancelled-COVID-19/ Emergency-No Action 3/24/20 CO Meeting Cancelled-COVID-19/Emergency-No Action Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 8/27/19 Page 1 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 2. 2020-0058 ORD Apv & Auth Jax Aviation Authority (JAA) to Withdraw from Risk DEFER Mgmt. Insurance Prog. Operated by City of Jax in accordance w/Sec 128.106, Ord Code, Prov for Return of JAA Funds; Prov for Prospective At request Effec Withdrawal Date. (Sidman) (Req of JAA) of JAA 1/28/20 CO Introduced: TEU, F 2/3/20 TEU Read 2nd & Rerefer 2/4/20 F Read 2nd & Rerefer 2/11/20 CO PH Read 2nd & Rereferred;TEU,F 3/16/20 TEU Meeting Cancelled COVID-19/Emergency-No Action 3/17/20 F Meeting Cancelled COVID-19/Emergency-No Action 3/24/20 CO Meeting Cancelled COVID-19/Emergency-No Action Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 2/11/20 3. 2020-0107 ORD Approp $497,195.63 from Retained Earnings in Subfund 561 to DEFER Subfund 561 Self-Insurance Acct to Return Excess FY 2019 Gen Liability Loss Provision to JAA in Amt of $9,035.70 & Return Excess At request Workers’ Comp Loss Provision to JAA in Amt of $488,159.93. (B.T. of JAA 20-049) (McCain) (Req of Mayor) 2/11/20 CO Introduced: TEU, F 2/18/20 TEU Read 2nd & Rerefer 2/19/20 F Read 2nd and Rerefer 2/25/20 CO PH Read 2nd and Rerefered;TEU,F 3/16/20 TEU Meeting Cancelled COVID-19/Emergency-No Action 3/17/20 F Meeting Cancelled COVID-19/Emergency-No Action 3/24/20 CO Meeting Cancelled COVID-19/Emergency-No Action Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601- 2/25/20 4. 2020-0112 ORD Auth 5th Amend to Mgmt.Svcs. Agreemt btwn City of Jax & Cecil DEFER Field Golf Course, LLC Which: (1) Extends Term of Agreemt for 5 addtn’l Yrs; (2) Eliminates Base Fee & Percentage of Gross Revenues At request of Payable to City in 2020; (3) Revises Pymt Schedule & Percentage of CM White Gross Revenues Going Forward; (4) Deletes Existing Insur & Indemnification Language & Replaces it with New Insur & Indemnification Language; & (5) Updates Applicable Provisions Regarding Public Records Laws; Prov Oversight by Parks Recreation & Community Svcs. Dept. (Johnston) (Introduced by CM's White & Salem) 2/11/20 CO Introduced: NCSPHS, F 2/18/20 NCSPHS Read 2nd & Rerefer 2/19/20 F Read 2nd & Rerefer 2/25/20 CO PH Read 2nd and Rerefered;NCSPHS,F 3/16/20 NCSPHS Meeting Cancelled COVID-19/Emergency-No Action 3/17/20 F Meeting Cancelled COVID-19/Emergency-No Action 3/24/20 CO Meeting Cancelled COVID-19/Emergency-No Action Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601- 2/25/20 Page 2 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 5. 2020-0181 ORD Auth Second Amend to Lease Agreement btwn City of Jax & Jax DEFER Golf Management, LLC to Waive Annual Rent & Gross Revenue Percentage Payment for Bent Creek Golf Course for 1 Yr to Allow At request of the Funds to be Utilized by Jax Golf Management, LLC for Renovations of Administration the Greens; Oversight by Dept of Parks, Recreation & Community Services. (McCain) (Req of Mayor) (Co-Sponsored by CM Hazouri 3/10/20 CO Introduced: NCSPHS, F 3/16/20 NCSPHS Meeting Cancelled COVID-19/Emergency-No Action 3/17/20 F Meeting Cancelled COVID-19/Emergency-No Action 3/24/20 CO Meeting Cancelled COVID-19/Emergency-No Action 4/6/20 NCSPHS Read 2nd & Rerefer 4/7/20 F Read 2nd & Rerefer 4/14/20 CO PH Read 2nd and Rereferred; NCSPHS, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 3/24/20,4/14/20 6. 2020-0187 Ord Auth Execution of (1) Redev Agreemt btwn the City of Jax & AMEND Springfield Lofts, LLC & (2) Loan Documents & Related Documents to Support Redev by Developer an approx. 2.12± Acre Site at 1341 Pearl Contacts: St, 235 W 3rd St & 205 W 3rd St in City of Jax Auth Redev Completion Kirk Wendland/ Grant in Amount of $1,000,000 to Developer Upon Substantial Jason Teal Completion of Proj to be Approp by Subsequent Legislation; Auth Recapture Enhanced Value (REV) Grant in Amt of $1,000,000 for See Summary, Duration not to Exceed 10 yrs; Auth Development Loan in Amount of Discussion Points $1,000,000 w/Term of 20 Yrs in Connection w/Project to be Approp by & Amendments Subsequent Legislation; Designating OED as Contract Monitor for on pgs. 13-14 Agreemt & Related Agreemts; City Oversight of Project by Dept of Public Works & OED; Auth Execution of all Relating to Above Agreemts & Transactions & Auth Technical Changes to the Documents; Prov Deadline for Developer to Execute Agreemts After They are Delivered to Developer; Waiver of that Portion of Public Investment Policy Adopted by Ord 2016-382-E, as Amended which Limits REV Grants to No More than 50% of Tax Increment for Up to 10 Yrs & that Requires Company to Create at least 10 New Full-Time Jobs & to Auth Redev Completion Grant & Development Loan that are not Currently Auth by Public Investment Policy. (Sawyer) (Req of Mayor) 3/10/20 CO Introduced: NCSPHS, F 3/16/20 NCSPHS Meeting Cancelled COVID-19/Emergency-No Action 3/17/20 F Meeting Cancelled COVID-19/Emergency-No Action 3/24/20 CO Meeting Cancelled COVID-19/Emergency-No Action 4/6/20 NCSPHS Read 2nd & Rerefer 4/7/20 F Read 2nd & Rerefer 4/14/20 CO PH Read 2nd and Rereferred; NCSPHS, F 6/15/20 NCSPHS Amend/Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 3/24/20,4/14/20 Page 3 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 7. 2020-0238 ORD-MC Creating a New Sec. 126.114 (Buy American Preference in Scrivener's Contracts for Goods), Pt. 1 (General Regulations), Chpt. 126 (Procurement Code), Ord Code, to Create a Preference for Contact: American-Made Goods in Contracts; Providing for Severability CM Diamond (Johnston) (Introduced by CM Diamond) 5/12/20 CO Introduced: F 5/19/20 F Read 2nd & Rerefer 5/26/20 CO PH Read 2nd & Rerefered;F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 5/26/20 Scrivener’s 1. Pg. 3, line 17 strike “produce” and insert “product” 2. Include a period at end of pg. 5, line 15 8. 2020-0245 ORD MC-Relating to the Powers of the City Council & JEA; Setting a DEFER Public Referendum; Creating a New Sec. 4.04 & Amending Sec. 21.08 of the Charter of the City of Jax , in order to require that no Bonus or At request of Incentive Program shall be Implemented unless Apvd Annually by the CM Salem City Council; Providing for Referendum Approval; Providing for a Financial Impact Statement to be Developed & Placed on the ballot; Directing the Supervisor of Elections to Place the Referendum Question on the 2020 General Election Ballot on 11/3/2020. (Sidman) (Introduced by CM Salem) 5/12/20 CO Introduced: TEU, F, R 5/18/20 TEU Read 2nd & Rerefer 5/19/20 F Read 2nd & Rerefer 5/19/20 R Read 2nd & Rerefer 5/26/20 CO PH Read 2nd & Rerefered;TEU,F,R Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 5/26/20 Page 4 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 9. 2020-0261 ORD Supplementing Ord 2006-888-E Auth Issuance of City’s Special AMEND Revenue & Refunding Bonds in 1 or More series in Amount Necessary to Provide (A) For Refunding of All or a Portion of City’s Outstanding (1) Contact: Special Rev Bonds, Series 2010A, (2) Special Rev Bonds Series Joey Greive 2010B, (3) Special Rev Bonds, Series 2011A, & (4) Special Rev Bonds, Series 2011B, & (B) Not in Excess of $110,000,000 of Net Proj Funds in Order to Finance & Refinance Acquisition & Constructn of Certain Capital Equipmnt & Improvemnts (The “Series 2020 Project”); Prov Authority for this Ord; Prov for Certain Definitions; Making Certain Findings; Prov that Ord Shall Constitute a Contract btwn Issuer & Bondholders; Auth Mayor to Award Sale of Said Bonds on a competitive Basis, on a Negotiated Basis, or as a Private Placemt, as Provided Herein; Auth Acquisition of Debt Svc Reserve Fund Products with Respect to Such Bonds, if Deemed Necessary; Auth Acquisition of Credit Facilities with Respect to Such Bonds if Deemed Necessary; Auth Preparation of Preliminary & Final Official Statements &/or Offering Memoranda with Respect to Such Bonds; Auth Execution of Continuing Disclosure Undertaking or Agreemnt with Respect to Such Bonds; Auth Designation of Deputy Registrar & Paying Agent & Providers of Other Svcs with Respect to Such Bonds; Providing for Application of Such Bond Proceeds; Auth Execution of Bond Terms Agreemt with Respect to Said Bonds; Providing Certain Addtn’l Details & Authorizations in Connection therewith; Waiving Provisions of Sec 104.211 (Procedure for Sale of Bonds) of Chapt 104 (Bonds), Ord Code, so as to Allow City to Award Sale of Said Bonds on a Negotiated Sale, or as a Private Placemnt. (Traurig) (Req of Mayor) 5/26/20 CO Introduced: F, R 6/2/20 F Read 2nd & Rerefer 6/2/20 R Read 2nd & Rerefer 6/9/20 CO PH Read 2nd & Rerefered;F,R Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 6/9/20 AMENDMENT 1. Insert missing text after pg. 2, line 31 2. Increase the net project funds from $110 to $120 million to add the $10 million for stadium improvements (2020-263) and Landing litigation (2020-264) Page 5 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 10. 2020-0263 ORD Auth Borrowing from City’s Commercial Paper Facility &/or AMEND Issuance of Fixed-Rate Debt in the Cumulative Amt of $5,800,000 & Approp thereof to Provide Funding for Repairs & Improvemnts to TIAA Contact: Bank Field; Amend 2019-504-E, the FY 2020 Budget Ord, to Replace Joey Greive Revised Schedule B4b, FY 2019-2020 CIP Funded Via Borrowing to Auth Borrowing &/or Issuance of Fixed-Rate Debt for Stadium Improvemnts; Amend 2020-2024 5-Yr CIP Apvd by Ord 2019-505-E to Add Funds to Proj Entitled “Building Systems – TIAA Bank Field.” (B.T. 20-081) (Sawyer) (Req of Mayor) 5/26/20 CO Introduced: NCSPHS, F 6/1/20 NCSPHS Read 2nd & Rerefer 6/2/20 F Read 2nd & Rerefer 6/9/20 CO PH Read 2nd & Rerefered;NCSPHS,F 6/15/20 NCSPHS Amend/Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 6/9/20 AMENDMENT 1. Attach Revised Exhibit 1 to correct BT 2. Attach Revised Exhibit 3 to correct prior years funding on CIP Sheet 11. 2020-0264 ORD Auth Borrowing & Approp of $3,861,047.28 in Funding from City’s AMEND Commercial Paper Facility &/or Issuance of Fixed Rate Debt in Order to Provide Funding for Paymnt of Money Judgment Entered in Litigation Contact: Styled Jacksonville Landing Investments, LLC V. City of Jacksonville, Joey Greive Duval County, Florida Circuit Court Case No. 16-2015-CA-6340, Div. CV-C; Amend 2019-504-E, FY 2019-2020 Budget Ord, to Replace 2nd Revised Schedule B4B to Allow for “JLI East Parcel Acquisition”; Amend 2020-2024 5-Yr CIP Apvd by Ord 2019-505-E to Add Proj Entitled “Landing East Parcel”; Auth General Counsel, or His Designee to Take Further Action to Conclude Litigation. (B.T. 20-82) ( Pinkstaff) (Req of Office of General Counsel) 5/26/20 CO Introduced: NCSPHS, F 6/1/20 NCSPHS Read 2nd & Rerefer 6/2/20 F Read 2nd & Rerefer 6/9/20 CO PH Read 2nd & Rerefered;NCSPHS,F 6/15/20 NCSPHS Amend/Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 6/9/20 AMENDMENT 1. Attach Revised Exhibit 1 to correct BT 2. Attach Revised Exhibit 3 to correct CIP sheet Page 6 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 12. 2020-0273 RESO Upon Acknowledgement of Due Auth & Making of Findings, Apv Scrivener's Issuance by Jax Housing & Finance Authority of its Homeowner Mortgage Revenue Bonds in 1 More Series, in Aggregate Face Amt Not Contact: to Exceed $50,000,000 for Purpose of Purchasing Mortgage Loans Laura Stagner Originated by Participating Local Lending Institutions to Finance Purchase or Rehab of New or Existing Owner-Occupied Single-Family Residences Situated within Duval County, FL by Persons or Families of Low, Moderate or Middle Income, or Purchasing Securities from a Master Servicer Evidencing Interests in or Backed by Pool of Such Mortgage Loans; Including without Limitation, Securities Guaranteed by Federal Govn’t or agencies thereof (The “Project”) or for Purpose of Refunding Portions of Previously Issued Homeowner Mortgage Revenue Bonds to thereby Make Funds Available for Financing of Project; Auth Submission of Request for Private Activity Bond Volume Cap Allocation; Determining Credit Not Being Pledged. (Migut) (Req of Jax Housing Finance Authority) 5/26/20 CO Introduced: NCSPHS, F, R 6/1/20 NCSPHS Read 2nd & Rerefer 6/2/20 F Read 2nd & Rerefer 6/2/20 R Read 2nd & Rerefer 6/9/20 CO Read 2nd & Rerefered;R 6/15/20 NCSPHS Approve 7-0 Scrivener's Pg. 3, line 10: strike “fourteen (14)” and insert “seven (7)” 13. 2020-0311 ORD-MC Amend Chapt 24 (Finance and Administration Department) Pt 2nd 6 (Procurement Division), Sec 24.605 (Equal Business Opportunity Office Functions); Amend Chapt 126 (Procurement Code) Pt 6B (Jacksonville Small Emerging Business Program), Sec 126.607 (Percentage of Work to be Accomplished by JSEBS), & Sec 126.610 (Jacksonville Small Emerging Business Goals), Ord Code; Prov for Codification Instructions. (Hodges) (Introduced by CM Dennis) 6/9/20 CO Introduced: NCSPHS,F 6/15/20 NCSPHS Read 2nd & Rerefer Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601- 6/23/20 Page 7 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 14. 2020-0312 RESO Approp $100,000 from NW Jax Economic Dev Fund AMEND (“NWJEDF”), Interest Income to Subsidies & Contributions to Private Organizations, to Flying W Plastics FL, Inc. (“Company”) Providing a Contact: NW Jax Business Infrastructure Grant (the “Big Grant”) to Support Kirk Wendland Creation of Company’s Manufacturing Facility at 109 Stevens St, Jax, FL in NW Jax (“Project”) Auth the Economic Dev Agreemt (“EDA”) btwn City & Company; Auth Approval of Technical Amendmts by Exec Director of OED; Provide for Oversight by OED; Affirm Project’s Compliance w/ NWJEDF Guidelines Approved & Adopted by Ord 2016-779-E; Req 2-Reading Passage Pursuant to Council Rule 3.305. (B.T. 20-078) (Sawyer) (Req of Mayor) 6/9/20 CO Introduced: F • Appropriates a $100,000 NWJEDF Business Infrastructure Grant (BIG) to Flying W Plastics FL, Inc. to fund exterior infrastructure upgrades and increase the building’s electrical system capacity at the project site located at 109 Stevens Street • Construction to be started by 8/1/20 and completed by 12/31/21 • 28 new jobs to be created by 12/31/21 with an average wage of $45,429 • Estimated total capital investment of $8,000,000 by the company AMENDMENT Place revised Economic Development Agreement on file to make the following changes: 1. Add requirement that the 28 new jobs must be retained through 12/31/22 or have a penalty for any shortfall 2. Correct date to December 31, 2021 in section 9.2(b) 3. Correct scrivener’s errors 15. 2020-0314 ORD Approp $283,392.00 from U.S. Dept of Health & Human Services EMERGENCY Ryan White HIV/AIDS Prog Pt A COVID-19 to Provide HIV Services Responding to Coronavirus Disease 2019 (COVID-19) & Related Health AMEND & Support Svcs to Persons Living with HIV/AIDS & Residing in Jax Transitional Grant Area (TGA); Providing for City Oversight by Social Contact: Svcs Div. of Dept. of Parks, Recreation & Community Svcs; Req 1 Johnnetta Moore Cycle Emergency Passage. (B.T. 20-074) (McCain) (Req of Mayor) 6/9/20 CO Introduced: NCSPHS, F 6/15/20 NCSPHS Emergency/Amend/Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 6/23/20 AMENDMENT 1. Correct year of appropriation in Section 1 to City’s fiscal year 2019-2020 2. Correct scrivener’s errors throughout bill Page 8 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 16. 2020-0315 ORD Making Findings & Approp $25,000 from City Council Operating EMERGENCY Contingency to Provide Grants Up to $1,500 to Downtown Businesses Impacted by the Civil Unrest in Downtown Jax btwn 5/30 – 6/1, 2020; NCSPHS AMEND Providing for Mthly Reports to City Council; Providing for Reverter of Unspent Funds; Req that Finance & Admin Dept Oversee Grant Contact: Process & Prog; Req 1 Cycle Emergency Passage. (Sidman) CM Newby (Introduced by CM Newby)(Co-Sponsored by CMs Salem,Morgan,Carlucci,White,R.Gaffney & Bowman) 6/9/20 CO Introduced: NCSPHS, F 6/15/20 NCSPHS Emergency/Amend/Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 6/23/20 NCSPHS AMENDMENT 1. Insert missing text after pg. 1, line 31 2. Correct scrivener’s errors 3. Clarify grant funds can only be used for property damage repairs 4. Attach revised Exhibit 2 to: a. Clarify funds can only be used for property damage repairs b. Require copy of police report c. Require that property damages have not otherwise been mitigated/covered d. Require copies of receipts documenting repair costs or estimates for the work to be completed Page 9 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 17. 2020-0316 ORD Approp $2,220,000 ($1,620,000 from Duval County Tourist EMERGENCY Developmnt Council (“TDC”) Special Revenue Fund Developmnt Account & $600,000 from TDC Special Revenue Fund Contingency Contact: Account) to TDC Operations Account to Provide Funding for TDC Lillian Graning Operations to Offset Anticipated Losses in Tourist Developmnt Taxes Due to COVID-19 in FY 2019-2020; Purpose; Amending TDC FY 2019-2020 Budget (Second Revised Schedule W) Apvd by Ord 2019-504-E (City’s Annual Budget) & Ord 2020-251-E, to Provide Funding for TDC Operations to Offset Anticipated Losses in Tourist Developmnt Taxes Due to COVID-19 in FY 2019-2020; Providing Waiver of Sec 111.600 (B) (Development Account; Expenditures), Pt 6 (Economic & Community Developmnt), Chapt 111 (Special Revenue & Trust Accounts), Ord Code, So as to Allow Developmnt Account Funds Appropriated Herein to be Used to Offset Anticipated Losses in Tourist Developmnt Taxes Due to COVID-19; Providing for Waiver of Sec 666.108 (D) (1) (Development Account), Chapt 666 (Duval County Tourist Development Plan), Ord Code, So as to Allow Developmnt Account Funds Appropriated Herein to be Used to Offset Anticipated Losses in Tourist Developmnt Taxes Due to COVID-19; Providing for Waiver of Sec 666.108 (D) (2) (Contingency Account), Chapt 666 (Duval County Tourist Developmnt Plan), Ord Code, so as to Allow the Developmnt Account funds Approp herein to be used to Offset the Anticipated Losses in Tourist Developmnt Taxes Due to COVID-19; Providing for Waiver of Sec. 666.108 (D)(2) (Contingency Account),Chapt 666 (Duval County Tourist Developmnt Plan)), Ord Code, so as to allow the Contingency Account Funds Approp herein to be used to offset the Anticipated losses in Tourist Developmnt Taxes due to COVID-19; Providing for Oversight by TDC; Req 1 Cycle Emergency Passage. (Hodges) (Req of Duval County Tourist Development Council) 6/9/20 CO Introduced: NCSPHS, F, R 6/15/20 NCSPHS Emergency/Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 6/23/20 18. 2020-0317 ORD Apv Lease Agreemt btwn City of Jax & Front Porch Communities 2nd & Svcs for Lease of Propty w/in Cecil Commerce Center, at Intersection of POW MIA Memorial Pkwy & Lake Newman St, Jax, FL 32221, for use as a Senior Living Facility, for initial term of 10 Yrs at Annual Base Rental Rate of $120,000 with 3 % Annual Increases & Percentage Rent Providing for Oversight by OED. (Sawyer) (Req of Mayor) 6/9/20 CO Introduced: NCSPHS, F 6/15/20 NCSPHS Read 2nd & Rerefer Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601- 6/23/20 Page 10 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 19. 2020-0318 ORD Auth Contract btwn City of Jax & the Beaches Convention & EMERGENCY Visitors Bureau, Inc., Doing Business as “Visit Jacksonville” to Administer Sports Tourism Initiative Apv in Ord 2019-554-E, as Apv by Contact: TDC Consistent w/ Ord 2019-554-E; Invoking Exemption in 126.107(g) Lillian Graning Ord Code; Prov for Oversight by TDC; Req 1 Cycle Emerg Passage. (Hodges) (Req of TDC) 6/9/20 CO Introduced: NCSPHS, F,R 6/15/20 NCSPHS Emergency/Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601- 6/23/20 20. 2020-0328 ORD Making Certain Findings & Authorizing Disbursement of Business EMERGENCY Relief Grant Funds to those Businesses & in Such Amounts as Set Forth on Exh 1 Attached Hereto, from a Portion of $20,000,000 in Cares AMEND Act Grant Funding Previously Appropriated by Ord 2020-235-E (The “Business Relief Grant Funds”) to Provide Addtn’l Funding to For-Profit Contact: & Non-Profit Businesses within Duval County Negatively Impacted by Joey Greive COVID-19 Response Measures; Req that the Finance & Admin Dept & OED Oversee COVID-19 Business Relief Grant Prog; Req 1 Cycle Emergency Passage. (Sawyer) (Req of Mayor)(Co-Sponsors CMs Salem,Newby & White) 6/9/20 CO Introduced: NCSPHS, F 6/15/20 NCSPHS Emergency/Amend/Approve 6-0-1 (Gaffney) Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 6/23/20 AMENDMENT 1. Add appropriation, explanation of appropriation, and purpose to bill 2. Attach revised Exhibit 1 to include legal names of entities 3. Attach BT as new exhibit 4. Place grant agreement template on file 21. 2020-0329 ORD Approp $500,000.00 ($250,000.00 from General Fund Balance & EMERGENCY $250,000.00 from Social Svcs General Assistance) to reimburse JEA for a 1 time $50 payment for each delinquent pre-paid customer to AMEND avoid shutoff of svcs when the delinquent pre-paid customers establish a payment plan prior to JEA disconnecting the delinquent acct on or Contact: after 7/7/2020;Providing for a reverter of unspent funds; providing for CM Dennis weekly reports to City Council, the Council Auditor’s Office & the Finance Dept; Req Emergency Passage Upon Intro.(Johnston) (Introduced by CM Dennis) 6/9/20 CO Introduced: NCSPHS,TEU,F 6/15/20 NCSPHS Emergency/Amend/Approve 7-0 6/15/20 TEU Emergency/Amend/Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 6/23/20 Page 11 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 • Appropriates $250,000 from the General Fund/GSD Fund Balance (i.e. Operating Reserves) and appropriates $250,000 of available funding that remains within the Parks, Recreation and Community Services Department which is already budgeted for utility assistance. • Eligible participants are customers who are already signed up with the JEA prepayment program. • In order to qualify for the $50 prepayment that will be covered by the City to prevent the services from being disconnected, the individual will be required to set up a payment plan with JEA on their past due balances. AMENDMENT Revise emergency language to one cycle Page 12 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 Council Auditor’s Office 2020-187 Company Name – Springfield Lofts Project Location – Springfield (Pearl St. and 3rd St.) Incentives Provided – 1. $1,000,000 REV Grant at 75% over 10 years 2. $1,000,000 completion grant due upon substantial completion of the project 3. $1,000,000 Development Loan made upon substantial completion of the project to be repaid over 20 years at 3% interest rate Number of Jobs to be Created – 0 new jobs required Number of Jobs to be Retained - 0 Capital Investment – estimated $14,000,000 Records Retention/Audit Clause - Yes Default Language – 1. Section 10.2 – If Developer fails to invest: a. At least $11,200,000, the REV Grant is reduced from 75% to 50% b. At least $10,500,000, the REV Grant is terminated. 2. Section 10.2 – If Developer sells, leases, or transfers property during the term of the: a. The REV Grant, the remaining balance of the REV Grant will be terminated b. The Development Loan, the Development Loan becomes payable in full c. First five years after disbursement of the Completion Grant, a scaled portion of the Completion Grant is due to the City Waivers of Public Investment Policy – 1. Restricting REV Grants to no more than 50% of tax increment over a 10-year period and require 10 new jobs to be created 2. Authorizing a Redevelopment Completion Grant and Development Loan that are not currently authorized under the Public Investment Policy Discussion Points 1. According to the Tax Collector’s website, there are $194,321.73 of outstanding nuisance and demolition liens reflected as being owed on the property located at 1341 Pearl St. (the address for one of the three parcels in this development). These liens appear to be associated with the property prior to the Developer’s ownership. The Office of General Counsel has determined that the nuisance liens totaling $65,213.65 did not survive the sale of the property to the current owner and should have been reflected as cleared on the City’s records. While the demolition lien totaling $129,108.08 did survive the sale of the property to the current owner, the Administration Page 13 of 14 Finance Committee Agenda - Revised Marked June 16, 2020 will be taking the steps to administratively settle the lien to $0 pursuant to the authority granted under Section 518.145(d) of the City’s Ordinance Code. 2. While the Developer is now current on all property taxes related to the three parcels that make up the Project site, the Developer has paid property taxes late on these three parcels in prior years. 3. While the $1 million grant and $1 million loan will not be provided until the project is substantially complete, these incentives are currently not funded and will have to be funded in future legislation. Amendments Attach Revised Redevelopment Agreement to: 1. Adjust language concerning security of Development Loan to clarify that City will be in a second position after Developer has secured its final financing 2. Add default language for Completion Grant and Development Loan a. Section 10.2 – If Developer invests less than $14,000,000, but greater than $10,500,000, the Completion Grant will be proportionately reduced. b. Section 10.2 – If Developer fails to invest at least $10,500,000, the Completion Grant and Development Loan are both terminated. 3. Add language requiring Developer to be current on Development Loan payments to continue to receive REV Grant 4. Add language allowing the City to offset any amounts owed by Developer for any due and outstanding fees, fines or liens owed to the City against amounts owed by the City under this agreement *****Note: Items may be added at the discretion of the Chair.***** NOTE: The next regular meeting is TBD due to summer break. Pursuant to the American with Disabilities Act, accommodations for persons with disabilities are available upon request. Please allow 1-2 business days notification to process; last minute requests will be accepted; but may not be possible to fulfill. Please contact Disabled Services Division at: V 904-255-5466, TTY-904-255-5476, or email your request to KaraT@coj.net. Page 14 of 14