Finance Committee

City of Jacksonville 117 W. Duval Street Jacksonville, FL 32202 Agenda - Revised Marked Tuesday, October 4, 2022 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: Paige Johnston, Chief Administration: Rachel Zimmer Finance Committee Agenda - Revised Marked October 4, 2022 Meeting Convened: Meeting Adjourned: Attendance: Item/File No. Title History 1. 2022-0416 ORD Reapprop $94,875,967.35 from CIPs that have been Certified Complete DEFER by the Director of Public Works & Closed, Their Residual Balances Returned to the Source or Sources of Origin, & Placed in a Contingency Account, At request of the Transferring $38,920,804.62 btwn Expense Accounts Among Various Projs Administration within the Better Jax Plan Fund to Complete Outstanding Projs as Described in the Work Plan, & Auth Borrowing from the City’s Commercial Paper Facility &/or Issuance of Fixed-Rate Debt in the Cumulative, Not-To-Exceed Amt of $85,063,552.37 & Approp Thereof to Prov Funds for Capital Improvements; Amend 2021-504-E, the FY 2021 Budget Ord, to Replace 4th Revised Scheduled B4, the FY 2021-2022 Debt Management Fund Detail, & Revised Scheduled B4b, the FY 2021-2022 Capital Improvements Projs Funded Via Borrowing, to Auth the Borrowing &/or the Issuance of Fixed-Rate Debt for the Projs as set Forth in the Better Jax Work Plan; Amend the 2022-2026 5-Yr Capital Improvement Prog Apv’d by Ord 2021-505-E; Prov for City Oversight by the Dept of Public Works (Sawyer) (Introduced by CP at Req of Mayor) 5/24/22 CO Introduced: TEU, F 6/6/22 TEU Read 2nd & Rerefer 6/7/22 F Read 2nd & Rerefer 6/14/22 CO PH Read 2nd & Rerefer: TEU, F Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601- 6/14/22 2. 2022-0447 ORD Adopting 2021B Series Text Amend to FLUE of 2030 Comp Plan, DEFER Creating a New FLUE Policy 3.1.29 to Allow one Accessory Dwelling Unit as an Accessory Use on Conforming Residential Lots in the AGR, RR, LDR, At request of MDR & RPI Future Land Use Categories (Reed) (LUZ) (PD & PC Apv) (GAB CM Diamond CPAC Deny) (MC Amd 2022-448) 6/14/22 CO Introduced: LUZ 6/22/22 LUZ Read 2nd & Rerefer 6/28/22 CO Read 2nd & Rerefer: LUZ 7/26/22 CO PH Addnt'l 8/9/22 8/2/22 LUZ PH Approve 5-0 8/9/22 CO PH Cont'd & Rereferred to NCSPHS, R, F, LUZ 8/24/22 CO PH Cont'd 9/27/22 9/27/22 CO PH Cont'd 10/11/22 LUZ PH – 8/2/22 & 9/20/22,10/4/22 Public Hearing Pursuant to Sec 163.3184(3), F.S. & Chapt 650, Pt 4, Ord Code - 7/26/22 & 8/9/22, 8/24/22, 9/27/22, 10/11/22 Page 1 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 3. 2022-0448 ORD-MC Amend Sec 656.403 (Accessory Uses & Structures), Subpt B DEFER (Miscellaneous Regulations), Pt 4 (Supplementary Regulations), Chapt 656 (Zoning Code), Ord Code, to Allow Accessory Dwelling units as an Accessory At request of Use in Residential Land Use Categories Subj to Certain Criteria; Prov for CM Diamond Codification Instructns (Staffopoulos) (Introduced by CMs Diamond, Boylan, Dennis, R. Gaffney & White) (Co-Sponsor CM Carrico)(PD & PC Apv) (GAB CPAC Deny) (Text Amd 2022-447) 6/14/22 CO Introduced: LUZ 6/22/22 LUZ Read 2nd & Rerefer 6/28/22 CO Read 2nd & Rerefer: LUZ 7/26/22 CO PH Addnt'l 8/9/22 8/2/22 LUZ PH Amend/Approve 5-0 8/9/22 CO PH Cont'd & Rereferred to NCPHS, R, F, LUZ 8/24/22 CO PH Cont'd 9/27/22 9/27/22 CO PH Cont'd 10/11/22 LUZ PH – 8/2/22 & 9/20/22, 10/4/22 Public Hearing Pursuant to Chapt 166.041(3)(c)(2), F.S. & C.R. 3.601- 7/26/22 & 8/9/22, 8/24/22, 9/27/22, 10/11/22 4. 2022-0573 ORD-MC Amend Sec 380.210 (Jacksonville Litter Law), Pt 2 (Garbage DEFER Collection Regulations), Ch 380 (Solid Waste Management), Ord Code, to Prohibit the Release of Balloons or Sky Lanterns into the Sky; Prov for At request of Exercise of County Powers (Johnston) (Introduced by CM Diamond) CM Diamond 7/26/22 CO Introduced: NCSPHS, F 8/1/22 NCSPHS Read 2nd & Rerefer 8/2/22 F Read 2nd & Rerefer 8/9/22 CO PH Read 2nd & Rerefer Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601 - 8/9/22 5. 2022-0575 ORD Approp $279,973.00 in Fund Bal Derived from Investment Pool Earnings DEFER ($102,241.23 from FY 19-20 & $177,731.81 from FY 20-21) Within the Northbank CRA Trust Fund to Future Yr Debt Reduction (B.T. 22-094) At request of (Staffopoulos) (Introduced by CP at Req of Mayor) DIA 7/26/22 CO Introduced: NCSPHS, F 8/1/22 NCSPHS Read 2nd & Rerefer 8/2/22 F Read 2nd & Rerefer 8/9/22 CO PH Read 2nd & Rerefer Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601- 8/9/22 Page 2 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 6. 2022-0576 ORD Approp $44,363.00 in Fund Bal Derived from FY 20-21 Investment Pool DEFER Earnings Within the Southbank CRA Trust Fund to Future Yr Debt Reduction (B.T. 22-093) (Staffopoulos) (Introduce by CP at Req of Mayor) At request of 7/26/22 CO Introduced: NCSPHS, F DIA 8/1/22 NCSPHS Read 2nd & Rerefer 8/2/22 F Read 2nd & Rerefer 8/9/22 CO PH Read 2nd & Rerefer Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601- 8/9/22 7. 2022-0619 ORD Approp $3,000,000 in Coronavirus Fiscal Recovery Funds from the U.S. WITHDRAW Dept of Treasury in Accord with the ARP Act to Support Continued Covid-19 Response Efforts for Residents of Jax & to Provide Add’l Funding for Eligible, At request of Qualified Recipients of the Rise Up Minigrant Prog; Auth Disbursements of CM Gaffney ARP Act Funding Including: (1) $1,000,000 Placed in a Contingency to Provide Add’l Funding for the Safety & Crime Reduction Commission to Award Eligible, Qualified Recipients Awards Under the Rise Up Minigrant Prog (2) $1,000,000 for Rental/Mortgage (Shelter) Assistance Through the Emergency Assistance Prog & (3) $1,000,000 for Utilities Assistance Throughout the Emergency Assistance Prog; Prov for Carryover of Funds from Yr to Yr Until Such Funds are Expended or Lapse, & Prov that any ARP Act Funding Not Expended Pursuant to this Ord by 9/30/24, Except as Otherwise Prov Herein, Shall Revert to the Fund (s) of Origin for Reapprop for Auth Expenditures Under the Terms of the ARP Act; Prov for Oversight (Johnston) (Introduced by CM R. Gaffney) 8/9/22 CO Introduced: NCSPHS, F, TEU 8/15/22 NCSPHS Read 2nd & Rerefer 8/16/22 F Read 2nd & Rerefer 8/16/22 TEU Read 2nd & Rerefer 8/24/22 CO PH Read 2nd & Rerefer 10/3/22 NCSPHS Withdraw 7-0 Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 8/24/22 Page 3 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 8. 2022-0681 ORD Approp $2,000,000 from the Traffic Signalization – Countywide & AMEND Countywide Intersection IMP – Intersection Projs to the Monument Rd Pedestrian Crossing ($500,000), Picketville Turn Widening ($600,000), Lenox Contact: at Old Middleburg – Intersection Improvements ($200,000) & St. Johns Bluff at Chris LeDew Alumni Way – Traffic Signal ($700,000) Projs; Amend the 2022-2026 5-Yr CIP Appvd by Ord 2021-505-E to Reflect this Approp of Funds from the 2/3 vote required Traffic Signalization – Countywide & Countywide Intersection IMP – by Council Intersection Projs to the Projs (B.T. 22-108) (Staffopoulos) (Introduced by CP at Req of Mayor) 9/13/22 CO Introduced: NCSPHS, F, TEU 9/19/22 NCSPHS Read 2nd & Rerefer 9/20/22 F Read 2nd & Rerefer 9/20/22 TEU Read 2nd & Rerefer 9/27/22 CO PH Read 2nd & Rerefer 10/3/22 NCSPHS Amend/Approve 7-0 Public Hearing Pursuant to Ch 166, F.S. & CR 3.601 - 9/27/22 AMENDMENT 1. Revise fiscal year of appropriation to 2022-2023 2. Revise CIP amendment to the 2023-2027 CIP adopted by 2022-505-E 3. Reflect that $1,500,000 is coming from the Traffic Signalization – Countywide project and $500,000 is coming from the Countywide Intersection Improvement project 4. Attach Revised Exhibit 1 (BT) to correct account names 5. Attach Revised Exhibit 2 (CIP) to reflect transfer in FY 2022-2023 9. 2022-0683 ORD Auth the Mayor, or his Designee, & the Corp Secretary to Execute & Contact: Deliver a Locally-Funded Agrmt (Lump-Sum) btwn FDOT & COJ Pursuant to Robin Smith Which the City Agrees to Pay FDOT $1,200,000 for Certain Roadway Improvements; Prov for Oversight by the Engineering & Construction Mgmt Div of the Dept of Public Works (Staffopoulos) (Introduced by CP at Req of Mayor) 9/13/22 CO Introduced: NCSPHS, F, TEU 9/19/22 NCSPHS Read 2nd & Rerefer 9/20/22 F Read 2nd & Rerefer 9/20/22 TEU Read 2nd & Rerefer 9/27/22 CO PH Read 2nd & Rerefer 10/3/22 NCSPHS Approve 7-0 Public Hearing Pursuant to Ch 166, F.S. & CR 3.601 - 9/27/22 • City will provide the FDOT with an up-front lump sum payment of $1,200,000 for the completion of City requested improvements along Main Street • Related funding was appropriated in the FY 22/23 CIP budget Page 4 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 10. 2022-0684 ORD Approp a $6,000,000 Grant Awarded by the State of FL Dept of AMEND Environmental Protection (“FDEP”) for the Beverly Hills East Septic Tank Phase-Out Proj, Amend the 2022-2026 5-Yr CIP Appvd by Ord 2021-505-E to Contact: Reflect FDEP Grant Funding for the Proj; Prov Oversight by the Public Works Robin Smith Dept (B.T. 22-115) (Staffopoulos) (Introduced by CP at the Req of Mayor) 9/13/22 CO Introduced: F, TEU 2/3 vote required 9/20/22 F Read 2nd & Rerefer by Council 9/20/22 TEU Read 2nd & Rerefer 9/27/22 CO PH Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & CR 3.601 - 9/27/22 AMENDMENT 1. Revise fiscal year of appropriation to 2022-2023 2. Revise CIP amendment to the 2023-2027 CIP adopted by 2022-505-E 3. Attach Revised Exhibit 1 (BT) to correct Council District 4. Attach Revised Exhibit 2 (CIP) to correct Council District and reflect transfer in FY 2022-2023 • Appropriation will provide funding toward the construction of a new central gravity sewer system and approximately 200 sewer hookups with septic tank abandonment • Projected project costs total $16.8 million 11. 2022-0687 ORD Approp $1,215,000 from the PRSC – Parks & Rec Capital Projs – Parks AMEND & Rec/Acquiring & Preserving Land Proj to Fund Various Parks, Rec & Community Svcs Dept Capital Projs to Include Betz-Tiger Point Preserve Contact: Restroom Improvements ($250,000), Julington-Durbin Preserve Restroom & Daryl Joseph Parking Improvements ($500,000), Acquisition of Propty Adjacent to Ferngully Preserve ($70,000), & Acquisition of Propty Adjacent to the Norman Studios 2/3 vote required Complex ($395,000); Amend the 2022-2026 5-Yr CIP Appvd by Ord by Council 2021-505-E to Reflect This Approp of Funds to These Projs (B.T. 22-101) (Staffopoulos) (Introduced by CP at Req of Mayor) 9/13/22 CO Introduced: NCSPHS, F 9/19/22 NCSPHS Read 2nd & Rerefer 9/20/22 F Read 2nd & Rerefer 9/27/22 CO PH Read 2nd & Rerefer 10/3/22 NCSPHS Amend/Approve 6-0 Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 9/27/22 AMENDMENT 1. Revise fiscal year of appropriation to 2022-2023 2. Revise CIP amendment to the 2023-2027 CIP adopted by Ord. 2022-505-E 3. Attach revised Exhibit 1 (BT) to correct account information 4. Attach revised Exhibit 2 (CIP Sheets) to include prior year funding, reflect the appropriation within FY 22-23, remove private contribution for Ferngully project, and correct funding source Page 5 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 12. 2022-0690 ORD Approp $336,000 from the Safety & Crime Reduction Contingency Acct SUBSTITUTE to a Grants & Aids Line Item for Grants to be Made to Orgs Recommended by the Safety & Crime Reduction Comm & for Training of Selected Orgs by the Contact: Nonprofit Center of NE FL, Inc.; Apv & Auth the Mayor & the Corp Secretary Nicoa Garrett/ to Execute Grant Agmnts with Various Entities & an Agmnt with the Nonprofit CM Newby & Center of NE FL, Inc. for Training of Nonprofits; Invoking the Exemption to CM Gaffney Sec 126.107 (G), Ord Code; Waiving Sec 118.107, Ord Code; Waiving Sec 118.201 (F) (7), Ord Code; Auth the Mayor & the Corp Secretary to Execute Any or All Docs Necessary to Effectuate this Legislation; Prov for Oversight; Prov for Carryover (Johnston) (Introduced by CMs Newby & Gaffney) 9/13/22 CO Introduced: NCSPHS, R, F 9/19/22 NCSPHS Read 2nd & Rerefer 9/19/22 R Read 2nd & Rerefer 9/20/22 F Read 2nd & Rerefer 9/27/22 CO PH Read 2nd & Rerefer 10/3/22 NCSPHS Substitute/Approve 7-0 10/3/22 R Substitute/Approve 6-0 Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 9/27/22 Page 6 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 As substituted, • Corrects fiscal year of appropriation to 2022-23 • Revises the appropriation to $350,880 (an increase of $14,880) to include funding appropriated during budget wrap up • Revises the number of funded organizations from 41 to 43 • Revises the advance payment to 50% of the grant amount • Adds the Neighborhoods Department to the oversight Department section • Strikes carryover language • Corrects scrivener’s errors • Attaches a revised Exhibit 1 (BT) to revise appropriation to $350,880 • Attaches a revised Exhibit 2 (grant award listing) to only include approved grant award amounts and add 2 additional grants (Curtis & Co. for Children Gone Too Soon and The Sweet Squad, Inc. for $7,440 each) • Attaches a revised Exhibit 3 (grant agreement template) to clarify accounting and reporting provisions, clarify payment terms, include contract end date of 9/30/23, revise advance payment to 50% of the grant amount, attach budget and reporting templates, include the Office of Grants and Contract Compliance as the contract administrator, include Council Auditor’s Office within audit rights, and correct scrivener’s errors • Waives Code Sec. 118.107 to allow direct contracts with the Nonprofit Center of Northeast Florida Inc. and the grant recipients • Waives Code Sec. 118.201(f)(7) to allow an advance payment in excess of 10% to the Nonprofit Center of Northeast Florida Inc. and the grant recipients. A 50% advance will be provided with the remainder reimbursed at the end of the contract performance. NOTE: Some of the organizations recommended to receive a Safety & Crime Reduction Commission grant have already applied and may apply for Public Service Grants for FY 22/23. The requesting organization’s program would not be eligible to receive funding from both sources without a waiver of Code Sec. 118.805(a). 13. 2022-0716 RESO Apv & Auth the Execution of an Economic Dev Agrmt btwn the COJ & Contact: JAX LNG, LLC (“Company”), to Support the Expansion of Its Existing Kirk Wendland Liquified Natural Gas Facility Located Generally at 9225 Dames Point Rd in the City (“Project”); Auth a $5,300,000 REV Grant; Apv & Auth the Execution See Auditor’s of Docs by the Mayor, or His Designee, & Corp Sec; Auth Appvl of Tech summary on Amends by the Exec Dir of the OED; Providing for Oversight by OED; Pg. 12 Providing 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; Req 2-Reading Passage Pursuant to Council Rule 3.305 (Sawyer) (Introduced by CP at Req of Mayor) 9/27/22 CO Introduced: F Page 7 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 14. 2022-0717 RESO Approp $100,000 from NW OED Fund – Transfer from Fund Balance to AMEND Prov NW Jax Business Infrastructure Grant Funds to Ferrosource, LLC (“Company”) in the Amt of $100,000, to Offset Certain Costs in Support of Contact: Company Estab a New Metal Fabricating Facility Located Generally at 1011 Kirk Wendland Blanche St., Jax, FL; Purpose of Appropriation; Apv, & Auth the Mayor, or His Designee, & Corp Sec to Execute & Deliver, for & on Behalf of the COJ, the See Auditor Economic Dev Agrmt btwn the Company & City; Auth Appvl of Tech Amends summary on by the Executive Dir of the OED; Prov for COJ Oversight by OED; Prov a pg. 13 Deadline for the Company to Execute the Agrmt; Affirming the Proj’s Compliance with the NWJEDF Guidelines Appvd & Adopted by Ord 2016-779-E; Affirming the Proj’s Compliance with the Public Investment Policy Adopted by Ord 2022-372-E; Req 2 Reading Passage Pursuant to Council Rule 3.305 (B.T. 22-106) (Sawyer) (Introduced by CP at Req of Mayor) 9/27/22 CO Introduced: F AMENDMENT 1. Correct scrivener’s errors 2. Revise fiscal year of appropriation to 2022-2023 3. Attach revised Exhibit 1 to correct project summary 4. Place revised Economic Development Agreement on file to: a. Correct scrivener’s errors b. Correct job creation deadline in Section 5.1 c. Revise clawback language in Section 9.2(b) to apply to an operations cessation d. Correct capital investment deadline in Section 9.2(d) to December 31, 2024 to agree with performance schedule 15. 2022-0719 ORD Approp a $33,250 Grant from the Hetzel Family Fund for the Battery 2nd Behavior Prog for Duval County Teen Court; Providing for Oversight & Reporting by the Court Admin, Dir of Teen Courts (B. T. 22-118) (Staffopoulos) (Introduced by CP at Req of Mayor) 9/27/22 CO Introduced: NCSPHS, F 10/3/22 NCSPHS Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 10/11/22 16. 2022-0720 ORD Approp $280,117.66 in Community Dev Block Grant Disaster Recovery 2nd (“CDBG-DR”) Funds Recvd from HUD Through the FL Dept of Economic Opportunity, Originally Approp by Ord 2022-165-E, from the Community Dev Grant Fund Forgivable Loans Acct to Fund Salaries & Benefits for 4 FTE Positions Within the CDBG-DR Prog; Apv Positions (B. T. 22-123) (R. C. 22-185) (Staffopoulos) (Introduced by CP at Req of Mayor) 9/27/22 CO Introduced: NCSPHS, F 10/3/22 NCSPHS Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 10/11/22 Page 8 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 17. 2022-0723 ORD Approp a $395,394.00 Grant from the Dept of Homeland Security 2nd Through the FL Div of Emerg Mgmt to Provide Funding for the Purchase of Radio Equip to Improve Interoperability & Communications btwn State College Public Safety Personnel & Law Enforcement Agencies During Violent & Threatening Events; Providing for Oversight & Reporting by the JFRD, Emerg Preparedness Div (B. T. 22-120) (Staffopoulos) (Introduced by CP at Req of Mayor) 9/27/22 CO Introduced: NCSPHS, F 10/3/22 NCSPHS Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 10/11/22 18. 2022-0725 ORD Apv, & Auth the Mayor, or His Designee, & Corp Sec to Execute & 2nd Deliver that Certain License Agrmt btwn the COJ (Landlord) & Jacksonville Motorcycle Safety Training, Inc. (Tenant), Said License Being for an Initial Term of 1 Yr, with 2 1-Yr Renewal Options, for the Use of Circle B Parking Lot in Cecil Commerce Center, Located Generally at the Intersection of Lake Newman St & McCarthy Way, Jax, FL, with a Monthly Base Rent of $200 Per Month; Providing for Oversight by the OED (Sawyer) (Introduced by CP at Req of Mayor) 9/27/22 CO Introduced: NCSPHS, F 10/3/22 NCSPHS Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 10/11/22 19. 2022-0726 ORD Apv & Auth the Public Investment Policy of the OED re Economic 2nd Incentives Funded by the City; Replacing the Former Public Investment Policy as Most Recently Updated by Ord 2022-372-E (Sawyer) (Introduced by CP at the Req of the Mayor & Co-Introduced by CM Howland) 9/27/22 CO Introduced: R, F 10/3/22 R Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 10/11/22 Page 9 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 20. 2022-0727 ORD Auth the Mayor, or His Designee, & the Corp Sec to Execute: (1) an 2nd Amended & Restated Redevelopment Agmt btwn the COJ & Armory Redevelopment Associates, LLC (“Developer”); (2) an Amended & Restated Lease Agrmt btwn the City & the Developer with an Initial Lease Term of 40 Yrs; (3) a Quitclaim Deed with a Right of Reverter Conveying a City-Owned Parcel of Land to the Developer; & (4) Related Agrmnts as Described in the Redevelopment Agrmt, for the Renovation & Lease of the Armory Bldg, to Provide for the Purchase by the Developer of an Adjacent, ±2.97 Acre of City-Owned, Improved Propty at 928 N Liberty St to be Developed Into ± 100 Residential Units, & to Provide an Option to the Developer to Purchase the Armory Bldg for a Period of 15 Yrs from the Acceptance Date of the Lease at a Purchase Price of $2,749,975 with annual Increases as Set Forth in the Lease; Designating the OED as Contract Monitor for the Redevelopment Agrmt, Lease, Quitclaim Deed & Related Agmnts; Provide for City Oversight of the Proj by Public Works & OED; Auth the Execution of All Docs Relating to the Above Agrmts & Transactions, & Auth Tech Changes to the Docs (Dist 7-RGaffney) (Sawyer) (Introduced by CP at Req of Mayor) 9/27/22 CO Introduced: NCSPHS, F, TEU 10/3/22 NCSPHS Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 10/11/22 21. 2022-0732 ORD Apv Collective Bargaining Agrmt btwn JEA & NE FL Public Employees’ 2nd Local 630, Laborers’ International Union of North America, AFL-CIO-CLC (LIUNA), Such Agrmt Commencing 10/1/22 & Ending 9/30/25 (Teodorescu) (Introduced by CP at Req of JEA) 9/27/22 CO Introduced: R, F, TEU 10/3/22 R Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 10/11/22 22. 2022-0733 ORD Apv Collective Bargaining Agrmt btwn JEA & AFSCME FL Council 79 2nd (AFSCME), Such Agrmt Commencing 10/1/22 & Ending 9/30/25 (Teodorescu) (Introduced by CP at Req of JEA) 9/27/22 CO Introduced: R, F, TEU 10/3/22 R Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 10/11/22 23. 2022-0734 ORD Apv Collective Bargaining Agrmt btwn JEA & JEA Supervisor’s Assoc 2nd (JSA), Such Agrmt Commencing 10/1/22 & Ending 9/30/25 (Teodorescu) (Introduced by CP at Req of JEA) 9/27/22 CO Introduced: R, F, TEU 10/3/22 R Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 10/11/22 Page 10 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 24. 2022-0735 ORD Apv Collective Bargaining Agrmt btwn JEA & the JEA Professional 2nd Employees’ Assoc (PEA), Such Agrmt Commencing 10/1/22 & Ending 9/30/25 (Teodorescu) (Introduced by CP at Req of JEA) 9/27/22 CO Introduced: R, F, TEU 10/3/22 R Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 10/11/22 25. 2022-0736 ORD Apv Collective Bargaining Agrmt btwn JEA & Local #2358, International 2nd Brotherhood of Electrical Workers (IBEW), Such Agrmt Commencing 10/1/22 & Ending 9/30/25 (Teodorescu) (Introduced by CP at Req of JEA) 9/27/22 CO Introduced: R, F, TEU 10/3/22 R Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 – 10/11/22 Page 11 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 Council Auditor’s Office 2022-716 Company Name – JAX LNG, LLC Project Location – 9225 Dames Point Rd Incentives Provided – $5,300,000 REV Grant at 50% for 10 years Number of Jobs to be Created – • 10 new jobs with an average salary of $70,000 plus benefits to be created by 12/31/2027 Performance Schedule – • Commencement of construction no later than June 30, 2023 • Completion of construction no later than December 31, 2026 Number of Jobs to be Retained – 5 Capital Investment – $113,000,000 Records Retention/Audit Clause – Yes Clawback Language – • In the event reporting requirements are not met in the time period specified in the agreement, the City will be entitled to withhold disbursements of the REV Grant • If by December 31, 2026, the Company fails to invest the amounts listed below, the REV grant will be reduced by the corresponding amount: - Fails to invest at least $100,000,000 – REV grant is reduced proportionately - Fails to invest at least $80,000,000 – REV grant is terminated and any amounts paid to the Company will be repaid to the City • If the Company fails to retain the Retained Jobs and create 10 new jobs with an average salary of $70,000 by December 31, 2027, or fails to maintain the jobs through the length of the REV Grant, the City will be entitled to withhold the annual installment of the REV Grant for the year in which these requirements are not met ROI – 1.99 Page 12 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 Council Auditor’s Office 2022-717 Company Name – Ferrosource LLC Project Location – 1011 Blanche Street, Jacksonville, FL 32204 Incentives Provided – $100,000 from the Northwest Jacksonville Economic Development Fund (NWJEDF) • $100,000 Northwest Jacksonville Business Infrastructure Grant (BIG) Number of Jobs to be Created – • 15 new jobs with an average salary of $58,000 plus benefits • To be created no later than 36 months from the date of the BIG grant disbursement Performance Schedule – • Start of construction no later than December 1, 2023 • Completion of construction no later than December 31, 2024 Number of Jobs to be Retained – N/A Capital Investment – $2,269,000 Records Retention/Audit Clause – Yes Clawback Language – • In the event reporting requirements are not met in the time period specified in the agreement, the City will be entitled to withhold disbursements of the BIG grant • If the Company sells, leases, or transfers the project during the first five years after disbursement of the BIG grant, the Company must repay the BIG grant on a sliding scale • If the Company or any lessee or assignee of the Company uses the Project Parcel for any ineligible business activities during the term of the agreement, the Company shall repay the full amount of the BIG grant • If the Company fails to create 12 new jobs with an average salary of $58,000 within 36 months of disbursement of the BIG grant, the Company will repay the City $8,333.33 per job below the 12 new job creation requirement • If the Company fails to invest at least $1,500,000 in private funding by December 31, 2024, the BIG grant will be terminated and the Company will repay the City the entire amount of the BIG grant that was previously paid to the Company ROI – 2.06 Page 13 of 14 Finance Committee Agenda - Revised Marked October 4, 2022 NOTE: The next regular meeting will be held Tuesday, October 18, 2022. *****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 14 of 14