Finance Committee

City of Jacksonville 117 W. Duval Street Jacksonville, FL 32202 Agenda - Revised Marked Tuesday, May 16, 2023 9:30 AM Council Chamber, 1st Floor, City Hall Finance Committee Aaron Bowman, Chair Randy White, Vice Chair Matt Carlucci Kevin Carrico Joyce Morgan Ju’Coby Pittman Ron Salem Legislative Assistant: Barbara Ireland Hobson Council Auditor's Office: Kim Taylor, Council Auditor Council Auditor's Office: Phillip Peterson, Asst. Council Auditor Council Research: Jeff Clements, Chief of Research Office of General Counsel: Mary Staffopoulos, Deputy Administration: Rachel Zimmer Finance Committee Agenda - Revised Marked May 16, 2023 Meeting Convened: Meeting Adjourned: Attendance: Council Auditor Kim Taylor to discuss Report #868: Quarterly Summary for the Six Months Ended March 31, 2023 Item/File No. Title History 1. 2022-0797 ORD Auth the Mayor, or His Designee, to Execute: (1) An Amended & DEFER Restated Redev Agrmt btwn the COJ & Springfield Lofts, LLC; & (2) Loan Docs & Related Docs as Described in the Agrmt, to Support the Redev by At request of Developer an 2.12± Acre Site at 1341 Pearl St, 235 W 3rd St & 205 W 3rd St, OED in the COJ; Auth a Redev Completion Grant in the Amt of $1,500,000 to the Developer Upon Substantial Completion of the Proj, to be Approp by Subsequent Legislation; Auth a Dev Loan in the Amt of $1,500,000 With a Term of 20 Yrs in Connection With the Proj, to be Approp by Subsequent Legislation; Desig the OED as Contract Monitor for the Agrmt & Related Agrmts; Providing for City Oversight of the Proj by Public Works & the OED; Auth the Execution of All Docs Relating to the Above Agmts & Transactions; & Auth Tech Changes to the Docs; Waiver of That Portion of the Public Investment Policy Adopted by Ord 2022-372-E, As Amended, to Auth a Redev Completion Grant & a Dev Loan That are Not Currently Auth by the Public Investment Policy (Sawyer) (Req of Mayor) 10/25/22 CO Introduced: R, F 10/31/22 R Read 2nd & Rerefer 11/1/22 F Read 2nd & Rerefer 11/9/22 CO PH Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 11/9/22 Page 1 of 13 Finance Committee Agenda - Revised Marked May 16, 2023 2. 2023-0020 ORD-MC Relating to the City of Jacksonville’s Procurement Code; Repealing DEFER & Replacing Pt 1 (General Regulations), Pt 2 (Supplies, Contractual Services & Capital Improvements), Pt 3 (Professional Services Contracts), Pt 5 At request of (Extraordinary Critical Purchasing Procedures), Pt 7 (Design-Build Contracts), CM Cumber & Pt 9 (Art in Public Places), Ch 126 (Procurement Code), Ord Code, & Pt 6 (Cultural Service Grant Program), Ch 118 (City Grants), Ord Code, in Their Entirety; Creating a New Pt 1 (General Regulations; Ethics & Transparency in Public Contracting), Pt 2 (Jacksonville Procurement Awards Committee), Pt 3 (Procurement Thresholds, Modes, Methods, & Procedures), Pt 5 (Ex-Offender Program), Pt 7 (Buy American Program), & Pt 9 (Bid Protests, Suspension, & Debarments), Ch 126 (Procurement Code), Ord Code, to Modernize & Provide Greater Efficiencies in the COJ Procurement Code; Amend Pt 4 (Nondiscrimination Policy), Ch 126 (Procurement Code), Ord Code, to Amend the Definition of Nondiscrimination Consistent with Employee Svcs Nondiscrimination Policy; Amend Pt 6 (Jacksonville Small & Emerging Business Program), Ch 126 (Procurement Code), Ord Code, to Make the Part Consistent with the Changes in this Ord; Creating a New Pt 6 (Cultural Service Grants & Art in Public Places), Subpt A (Cultural service Grant Program) & Subpt B (Art in Public Places Program), Ch 118 (City Grants), Ord Code, to Relocate the Art in Public Places Program Previously Under Pt 9, Ch 126, Ord Code, to Pt 6, Ch 118, Ord Code; Amend Sec 24.603 (Duties of Chief of Procurement), Pt 6 (Procurement Division), Ch 24 (Finance & Administration Department), Ord Code, to Add Add’l Duties Regarding Contract Admin & Oversight; Creating a New Pt 4 (Contract Administration & Oversight), Ch 21 (Executive Branch, Generally), Ord Code, to Require Contract Admin & Oversight in City Contracts: Estab a Prospective Date of 2/1/24, for Code Repeals, Amdts, & New Provisions Contained in This Ord to Become Effective; Directing the Chief of Procurement to Update the Procurement Operating Manual Consistent With This Ord Prior to 1/1/24; Prov for Oversight by the Procurement Div, Finance & Administration Dept; Prov for Codification Instructions (Hodges) (Introduced by CM Cumber) 1/10/23 CO Introduced: NCSPHS, R, F, TEU 1/17/23 NCSPHS Read 2nd & Rerefer 1/17/23 R Read 2nd & Rerefer 1/18/23 F Read 2nd & Rerefer 1/18/23 TEU Read 2nd & Rerefer 1/24/23 CO PH Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 1/24/23 Page 2 of 13 Finance Committee Agenda - Revised Marked May 16, 2023 3. 2023-0268 ORD Apv & Auth the CEO of DIA, or Her Designee, to Execute a Redev NCSPHS AMEND Agrmt btwn the DIA & 525 Beaver, LLC, to Support the Renovation & Rehabilitation by Developer of a Historic Building Located at 525 W. Beaver Contact: St; Auth 2 Downtown Preservation & Revitalization Prog (DPRP) Loans, in an Steve Kelley Aggregate Amt not to Exceed $1,251,430.00, to the Developer in Connection with the Proj, to be Approp by Subsequent Legislation; Designating DIA as See separate Contract Monitor for the Agrmt; Prov for Oversight of the Proj by DIA; Auth DIA Commitment the Execution of All Docs Relating to the Agrmt & Transactions, & Auth Tracking handout Technical Changes to the Docs; Timeline for Execution of Agrmt by the Developer (Dillard) (Req of DIA) 4/25/23 CO Introduced: NCSPHS, F 5/1/23 NCSPHS Read 2nd & Rerefer 5/2/23 F Read 2nd & Rerefer 5/9/23 CO PH Read 2nd & Rerefer 5/15/23 NCSPHS Amend/Approve 4-1 (Ferraro) Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/9/23 NCSPHS AMENDMENT Include clawback provision requiring the project parcel to be used for uses generating Convention/Tourist Development Tax for the five-year period immediately following disbursement of the DPRP Loans (this is the basis used to achieve an ROI greater than 0.50, which is the minimum required under the DPRP Guidelines) • Authorizes Downtown Preservation and Revitalization Program (DPRP) Forgivable Loans of $1,251,430, subject to future appropriation by Council • DPRP funding will be used to renovate and rehabilitate the building located at 525 W. Beaver Street into a minimum of 12 residential units/7,300 sq. ft. of leasable residential space (which the Developer intends to use as short term housing) and a minimum of 1,300 square feet of leasable commercial/retail space for tenants • DPRP funding will be paid upon completion of the project for eligible costs incurred after September 21, 2022 • DPRP funding is subject to repayment if the property is sold or used for any purpose not contemplated by the agreement or the DPRP Guidelines within 5 years of disbursement • ROI of 0.71 based on a 20-year valuation Page 3 of 13 Finance Committee Agenda - Revised Marked May 16, 2023 4. 2023-0269 ORD Approp $590,000 from the Underdrain Replacements Proj to the Contact: Teaticket Drive Underdrain Improvements Proj; Amend the 2023-2027 5-Yr Steve Long / CIP Appvd by Ord 2022-505-E to Reflect the Addition of the New Teaticket Robin Smith Underdrain Improvements Proj & this Approp of Funds from the Underdrain Replacements Proj to the Teaticket Drive Underdrain Improvements Proj (B.T. 2/3 vote 23-077) (Staffopoulos) (Req of Mayor) required by 4/25/23 CO Introduced: F, TEU Council 5/2/23 F Read 2nd & Rerefer 5/2/23 TEU Read 2nd & Rerefer 5/9/23 CO PH Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/9/23 5. 2023-0270 ORD-MC Amend the City Addressing & Street Naming Policy Pursuant to Ch NCSPHS AMEND 745 to Create a New Sec for “Accessory Dwelling Units” & Create a New Subheading Under “Other Addressing” to Provide Standards for Assigning Contact: Addresses to “Basement Units”; Amend the Sec Entitled “Street Requiring Cherry Pollock/ Names” of the City Addressing & Street Naming Policy to Provide New Erin Abney Standards & Criteria for Naming New Streets & Existing Unnamed Shared Accessways; Placing Such Revised Policy on File with Legislative Svcs & the Planning & Dev Dept; Amend Ch 745 (Addressing & Street Naming Regulations), Pt 1 (General Provisions), Ord Code, Specifically, Sec 745.101 (Applicability), to Create New Definitions for Accessory Dwelling Units, Sec 745.103 (Proper Display of Address Numbers), to Provide Standards for Assigning Addresses to Accessory Dwelling Units, Sec 745.106 (Registry of Names of Private Streets), to Add “Unnamed Shared Accessways” & Create New Subsecs to Provide for Standards & Processes for Naming Unnamed Accessways; Amend Sec 745.107 (Street Name Signs & Numbers), to Delete Subsec (c); Amend Ch 745 (Addressing & Street Naming Regulations), Pt 2 (Addressing & Street Naming Deficiencies), Subpart D (Administration), Sec 745.232 (Appeals), Ord Code, to Correct Scrivener’s Error; Prov Codification Instructions (Pollock) (Req of Mayor) 4/25/23 CO Introduced: NCSPHS, F, TEU 5/1/23 NCSPHS Read 2nd & Rerefer 5/2/23 F Read 2nd & Rerefer 5/2/23 TEU Read 2nd & Rerefer 5/9/23 CO PH Read 2nd & Rerefer 5/15/23 NCSPHS Amend/Approve 5-0 Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/9/23 Page 4 of 13 Finance Committee Agenda - Revised Marked May 16, 2023 NCSPHS AMENDMENT 1. Attach Revised Exhibit 1 (City Addressing & Street Naming Policy) to amend the steps required for naming Unnamed Shared Accessways to include: a. An advance public meeting with the community and the District Council Member b. A public meeting after notification of the prospective street name change c. An extension of the voting period to allow property owners 45 days to vote for their preferred street name 2. Correct Scrivener's • Amends the Jacksonville Addressing and Street Naming Policy by: - Adding a new section for “Addressing Accessory Dwelling Units” - Inserting new paragraph for “Basement Units” - Adding a new section for “Naming Existing Unnamed Shared Accessways” • Amends Chapter 745, Addressing and Street Naming Regulations, based on recommendations from the 911 Emergency Addressing Advisory Committee to define public/private roads and right-of-ways and the corresponding naming of such roads 6. 2023-0271 ORD Apv the Harbour Waterway Dependent Special Dist Proposed FY 23-24 Budget Pursuant to Ord 2010-725-E & Sec 189.02, F.S. (Staffopoulos) (Introduced by CP Pursuant to Ord 2010-725-E) (JWC Apv) 4/25/23 CO Introduced: NCSPHS, F, JWC 5/1/23 NCSPHS Read 2nd & Rerefer 5/2/23 F Read 2nd & Rerefer 5/9/23 CO PH Read 2nd & Rerefer 5/15/23 NCSPHS Approve 4-0-1 (Ferraro) Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/9/23 7. 2023-0272 ORD Approp $99,597.20 from the Mosquito Control State Fund 00112 Fund Contact: Bal to be Used for Mosquito Control Div Operational Expenses, Including the Randy Wishard Purchase of Equipment & Supplies During FY 22-23 (B.T. 23-080) (Staffopoulos) (Req of Mayor) 4/25/23 CO Introduced: NCSPHS, F 5/1/23 NCSPHS Read 2nd & Rerefer 5/2/23 F Read 2nd & Rerefer 5/9/23 CO PH Read 2nd & Rerefer 5/15/23 NCSPHS Approve 5-0 Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/9/23 Page 5 of 13 Finance Committee Agenda - Revised Marked May 16, 2023 8. 2023-0273 ORD Approp $500,000 in Fund Bal Derived from Investment Pool Earnings AMEND within the Downtown Economic Dev Fund to the Downtown Parks & Programming Activity for Downtown Parks Maintenance & Programming Contact: (B.T. 23-074) (Staffopoulos) (Req of Mayor) Lori Boyer 4/25/23 CO Introduced: NCSPHS, F 5/1/23 NCSPHS Read 2nd & Rerefer 5/2/23 F Read 2nd & Rerefer 5/9/23 CO PH Read 2nd & Rerefer 5/15/23 NCSPHS Amend/Approve 5-0 Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/9/23 AMENDMENT Attach Revised Exhibit 1 (BT) to correct revenue accounts based on current balances 9. 2023-0274 ORD re the FY 23-24 Budget for the Duval County Property Appraiser; Adopt AMEND Recommended Findings & Conclusions for the Duval County Property Appraiser’s FY 23-24 Budget (Staffopoulos) (Introduced by CM Bowman) Contact: 4/25/23 CO Introduced: F Jerry Holland 5/2/23 F Read 2nd & Rerefer 5/9/23 CO PH Read 2nd & Rerefer See separate Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/9/23 Auditor handout AMENDMENT Attach revised Exhibit 1 to reflect Property Appraiser's corrected budget 10. 2023-0275 ORD Apv the Final Costs of Underground Utility Installation Improvements for Contact: the Ortega Point North Neighborhood Assessment Prog, Auth by Ord Trisha Bowles 2019-376-E; Adopting the Non-Ad Valorem Assessment Roll, Pursuant to the Uniform Method for Collecting Non-Ad Valorem Special Assessments as Auth by Sec 197.3632, F.S.; Directing the Final Assessments be Recorded in the Improvement Lien Book; Prov for Payment of Final Assessments & Liens; Directing Tax Collector to Prov Notice of Assessment (Bowles) (Introduced by CM DeFoor) 4/25/23 CO Introduced: NCSPHS, F, TEU 5/1/23 NCSPHS Read 2nd & Rerefer 5/2/23 F Read 2nd & Rerefer 5/2/23 TEU Read 2nd & Rerefer 5/9/23 CO PH Read 2nd & Rerefer 5/15/23 NCSPHS Approve 5-0 Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/9/23 Public Hearing Pursuant to F.S Sec 197.3632(4) - 5/23/23 Page 6 of 13 Finance Committee Agenda - Revised Marked May 16, 2023 • The primary assessment can be paid in a lump sum payment of $10,115.92 or a 20-year annual assessment of $866.34 • Seven property owners opted to defer the cost of undergrounding from the right of way to the dwelling in accordance with Section 714.306. The cost of these services will be included in their annual assessment 11. 2023-0278 ORD Apv & Auth the Mayor, or His Designee, & Corp Sec to Execute & Scrivener's Deliver an Amendment 4 to Lease Agrmt btwn the City & Cecil Field POW/MIA Memorial, Inc. to Extend the Term of the Lease to 3/31/43, to Contact: Extend the Commencement of Construction Deadline from Not Later than Wendy Khan 6/30/24 to Not Later Than 6/30/29, & Certain Other Amendment as Set Forth in the Amendment 4 Auth Hereby; Providing for City Oversight by OED (Sawyer) (Req of Mayor) (Co-Sponsor CM Ferraro) 4/25/23 CO Introduced: NCSPHS, F 5/1/23 NCSPHS Read 2nd & Rerefer 5/2/23 F Read 2nd & Rerefer 5/9/23 CO PH Read 2nd & Rerefer 5/15/23 NCSPHS Approve 5-0 Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/9/23 Scrivener’s 1. Pg. 1, line 31: strike “including” 2. Pg. 2, line 27: insert “extends” before “the construction” Authorizes Amendment #4 to the Cecil Commerce Center Lease with Cecil Field POW/MIA Memorial, Inc. to: • Extend the expiration of the initial term from March 31, 2023 to March 31, 2043 • Strike the 20-year renewal option • Revise the project description from a 100,000 sq. ft. building to a minimum 30,000 sq. ft. building • Extend the deadline to provide proof of financial capability to complete the project from December 31, 2022 to December 31, 2027 • Extend the construction commencement date from June 30, 2024 to June 30, 2029 • Allow for a six-month extension in the construction completion date • Add specific default and landlord remedies regarding tenant’s failure to meet the performance schedule Page 7 of 13 Finance Committee Agenda - Revised Marked May 16, 2023 12. 2023-0303 ORD Approp $332,229.55 in Add’l ARP Act Grant Funding Received from the 2nd U.S. Dept of Health & Human Svcs & Distributed Through NE FL Area Agency on Aging, Inc., D/B/A ElderSource, in Support of the Jax Senior Svcs Prog; Prov for Oversight & Reporting by the Senior Svcs Div of the Parks, Rec & Community Svcs Dept (B.T. 23-078 (Staffopoulos) (Req of Mayor) 5/9/23 CO Introduced: NCSPHS, F 5/15/23 NCSPHS Read 2nd & Refer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/23/23 13. 2023-0304 ORD Approp $1,066,334 from the 5th St Bridge Replacement Proj to the Jork 2nd Rd Bridge Proj to Complete Construction of a Replacement Bridge on Jork Rd Near Atlantic Blvd & Degrove Rd; Amend the 2023-2027 CIP Appvd by Ord 2022-505-E to Reflect this Approp of Funds from the 5th St Bridge Replacement Proj to the Jork Rd Bridge Proj (B.T. 23-081) (Staffopoulos) (Req of Mayor) 5/9/23 CO Introduced: F, TEU Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601- 5/23/23 14. 2023-0305 ORD Approp $5,107,956.60 from the FL Dept of Environmental Protection 2nd (FDEP) for the Duval County Shore Protection Proj; Prov for Oversight by the Dept of Public Works, Engineering & Construction Mgmt Div (B.T. 23-082) (Staffopoulos) (Req of Mayor) 5/9/23 CO Introduced: F, TEU Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601- 5/23/23 15. 2023-0306 ORD Approp $5,500.00 from the Neighborhoods Dept Fight Blight Awareness 2nd Campaign Advertising & Promotion Acct to Purchase Food & Beverage for Special Events & Activities for Leadership Training & Recruitment of New CPAC Members; Amend Ord 2022-504-E, the FY 22-23 Budget, by Amend the Rev Attachment A to Auth Expenditure of these Funds on Food & Beverage for Special Events & Activities (B.T. 23-083) (Staffopoulos) (Req of Mayor) 5/9/23 CO Introduced: NCSPHS, F 5/15/23 NCSPHS Read 2nd & Refer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601- 5/23/23 Page 8 of 13 Finance Committee Agenda - Revised Marked May 16, 2023 16. 2023-0307 ORD-MC re the Jax Police & Fire Pension Board of Trustees; Amend Sec 2nd 22.12 of the Charter of the COJ; Prov for Codification Instructions (Hodges) (Co-Introduced by CP Freeman at Req of Jax Police & Fire Pension Board of Trustees & CM White) (Co-Sponsor CM Pittman) 5/9/23 CO Introduced: R, F 5/15/23 R Read 2nd & Refer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601- 5/23/23 17. 2023-0308 ORD Adopting an Inventory List Identifying City-Owned Real Property 2nd Deemed Appropriate for Use as Affordable Housing Pursuant to & as Mandated by Sec 125.379 & 166.0451, F.S., & Sec 122.423, Ord Code; Declaring the 41 Parcels on the Inventory List to be Surplus to the Needs of the City; Auth Disposition of the Subj Parcels Pursuant to the Provisions of Sec 122.423 (Disposition for Affordable Housing), Subpart B (Real Property Dispositions & Exchanges), Pt 4 (Real Property), Ch 122 (Public Property), Ord Code (Staffopoulos) (Req of Mayor) (Co-Sponsor CM Pittman) 5/9/23 CO Introduced: NCSPHS, F 5/15/23 NCSPHS Read 2nd & Refer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601- 5/23/23 18. 2023-0309 ORD Approp $23,880.00 from Safety & Crime Reduction Contingency to the 2nd FAOD Grant & Contract Compliance - Financial & Administration to Reallocate Unspent Mini-Grant Funding Previously Allocated to the Safety & Crime Reduction Commission to the Div of Grants & Contract Compliance; Purpose of Approp (Wilson) (Introduced by CM Newby) (Co-Sponsor CM Pittman) 5/9/23 CO Introduced: NCSPHS, F 5/15/23 NCSPHS Read 2nd & Refer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601- 5/23/23 Page 9 of 13 Finance Committee Agenda - Revised Marked May 16, 2023 19. 2023-0310 ORD Approp $5,500,000 From the Debt Mgmt Fund to: (1) Prov $3,000,000 to EMERGENCY a New CIP Proj Entitled “Logistics Lane Road Extension” (Road Project); & (2) Prov $2,500,000 as the City’s Contribution to JEA for Partial Funding for AMEND Sewer & Water Infrastructure Improvements to be Constructed by or On Behalf of JEA Pursuant to JEA Funding Agrmt Auth Hereby (JEA Contribution); Contact: Purpose of Approp; Amend 23-27 5-Yr CIP Appvd by Ord 2022-505-E to Add Paul Crawford the “Logistics Lane Road Extension” Proj & to Reflect This Appropriation of Funds to the Road Proj; Amend Ord 2022-504-E, the FY 22-23 Budget Ord, to See separate Replace 7th Revised Schedule B4 to Reflect the Appropriation of Funds to the Auditor handout for Road Proj & the JEA Contribution; Apv & Auth the Mayor, or His Desig, & Summary, ROI, & Corp Sec to Execute & Deliver, for & On Behalf of the City, the Redev Agrmt Things to Consider btwn Cosentino Industrial USA, LLC & the City, Pursuant to Which the Company May Purchase 330± Acres of the City-Owned Mega Site at Cecil 2/3 vote required Commerce Ctr at an Estimated Purchase Price of $20,520,000, on Which by Council Company Intends to Construct a New, Multi-Phased Manufacturing Facility, With the Option to Purchase Up to an Add’l 150 Acres for a Term of 7 Yrs Following Substantial Completion of the Initial Improvements, at a Purchase Price of 75% of the Then Appraised Value for the Option Parcel; Auth a 50%, 10-Yr REV Grant in the Max Amt Not to Exceed $12,000,000; Designation of Auth Official & Contract Monitor; Auth Appvl of Tech Amendments by the Executive Dir of the OED; Prov for City Oversight by OED; Prov a Deadline for the Company to Execute the Agrmt; Affirming the Proj’s Compliance With the Public Investment Policy Adopted by Ord 2022-372-E, as Amended; Req 1 Cycle Emergency Passage (B.T. 23-086) (Sawyer) (Req of Mayor) 5/9/23 CO Introduced: F, TEU Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/23/23 AMENDMENT 1. Attach Estoppel Certificate as an Exhibit, and correct scrivener’s in bill 2. Attach Revised RDA to clarify rail extension responsibilities, and correct scrivener’s • The nature of the emergency is that because of the CIP amendment authorized, an ordinance rather than a resolution was required, and thus the two reading process for economic development investment incentives was unavailable and the Company has assumed such two-reading cycle in planning its project timelines Page 10 of 13 Finance Committee Agenda - Revised Marked May 16, 2023 20. 2023-0311 ORD Approp: (1) Grant Funds in the Amt of $5,500,000 From the FL Dept of EMERGENCY Economic Opportunity; & (2) $2,500,000 From the General Fund/Fund Bal, to Prov Funding for the Cecil Mega Site Rail Spur Proj at the Cecil Commerce Ctr AMEND Mega Site; Amend the 23-27 5-Yr CIP Appvd by Ord 2022-505-E to Add the “Cecil Mega Site Rail Spur” Proj & to Reflect This Appropriation of Funds to Contact: the Proj; Apv & Auth the Mayor, or His Desig, & the Corp Sec to Execute & Paul Crawford Deliver, for & On Behalf of the City, a Florida Job Growth Infrastructure Grant Agrmt with the State of FL Dept of Economic Opportunity; Req 1 Cycle Emergency Passage; Prov for Oversight by the OED (B.T. 23-085) (Sawyer) 2/3 vote (Req of Mayor) required by 5/9/23 CO Introduced: F, TEU Council Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 5/23/23 AMENDMENT 1. Reflect that the General Fund contribution will be replaced with appropriation of proceeds from the sale of the Mega Site after the sales agreement has been executed 2. Attach revised Exhibit 1 (BT) to correct account code 3. Correct Scrivener’s • City will execute a rail maintenance agreement with private developer as part of a redevelopment agreement • The nature of the emergency is that the project is associated with a redevelopment agreement • State grant requires private capital investment of $100,000,000 and creation of 500 new jobs created within boundaries of Cecil Commerce Center within 10 years of completion of project • If requirements are not met, City could be required to pay full grant amount back 21. 2023-0312 ORD Apv an Amendment to the Settlement Agreement & Release Adopted by 2nd City Council on 7/25/2017 & Enacted as Ord 2017-395-E (Pollock) (Introduced by CM Becton) 5/9/23 CO Introduced: R, F 5/15/23 R Read 2nd & Refer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601- 5/23/23 Page 11 of 13 Finance Committee Agenda - Revised Marked May 16, 2023 22. 2023-0313 ORD Amend the City’s FY 22-23 Budget to Eliminate the Anticipated Loan 2nd Repayment Revenue to the DIA & the Budgeted Repayment from DIA to the Self-Insurance Fund & to Reduce Corresponding Expense Budgets To Reflect the Loan Extension Auth Herein; Auth & Apv a 3rd Mortgage Modification Agrmt btwn the City & VCP-Lynch Building, LTD. & a 3rd Note Modification Agrmt btwn the City & VCP-Lynch Building, LTD., for the Purpose of: (1) Extending the Maturity Date of the Loan from 6/30/23 to 3/1/26; & (2) Commencing 7/1/23, Increasing the Loan Interest Rate from 1.525% to 3% for the Remaining Loan Term; The Original Loan Having Been Auth by Ord 2000-1079-E; Requiring an Acknowledgement & Consent of Guarantor by the Vestcor Companies, Inc. for the Foregoing Loan Modification Agrmts as a Condition of Closing, Together with Such Other Closing Docs & Technical Changes as May Be Required by the General Counsel, or His Designee, & the Mayor’s Office, Prov that the City’s Costs are not Increased; Prov for City Oversight by DIA (B.T. 23-097) (Sawyer) (Req of DIA) 5/9/23 CO Introduced: F Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601- 5/23/23 23. 2023-0314 ORD Apv & Auth the Mayor, or His Designee, & Corp Sec to Execute & 2nd Deliver an Interlocal Agrmt btwn the City & St. Johns County, FL (SJC), as Auth by Sec 163.01, F.S., for the Purpose of Allocating the Collection & Payment of Sales & Ad Valorem Taxes Originating from Nocatee W Commercial Retail (City Development # 5389.45), A/K/A “Marketplace at Nocatee,” a Proposed Grocery-Anchored Shopping Center to be Located on the Boundary btwn City & SJC, with Portions Thereof in Both City Council Dist 11 & SJC, & to Set Forth the Responsibilities of Police & Fire & Rescue in Responding to Calls Originating from Marketplace at Nocatee; Prov for Oversight by the Duval County Property Appraiser, the Duval County Tax Collector, JFRD & JSO (Wilson) (Introduced by CM Becton) 5/9/23 CO Introduced: NCSPHS, F 5/15/23 NCSPHS Read 2nd & Refer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601- 5/23/23 Page 12 of 13 Finance Committee Agenda - Revised Marked May 16, 2023 24. 2023-0316 ORD-MC Amend Ch 111 (Special Revenue & Trust Accounts), Pt 9 2nd (Neighborhood Development), Ord Code, to Create a New Sec 111.909 to Estab a Permanent Trust Fund for a Prog to be Entitled the “Restore Endangered Historic Adaptable Buildings Trust Fund”; Prov for Creation of the Criteria & Selection of Grant Recipients by Planning & Dev; Prov for Oversight of the Financial Aspects of the Prog by the CAO or Their Designee; Prov a Carryover of Funds Into Subsequent FYs (Lopera) (Introduced by CM Carlucci) (Co-Sponsor CM Boylan) 5/9/23 CO Introduced: NCSPHS, R, F, TEU 5/15/23 NCSPHS Read 2nd & Refer 5/15/23 R Read 2nd & Refer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601- 5/23/23 NOTE: The next regular meeting will be held Tuesday, June 6, 2023. *****Note: Items may be added at the discretion of the Chair.***** 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 13 of 13