Description
Title: ORD Approp $6,232,857.00, Including $4,297,326.00 from the Gen CIP - Debt Mgmt Fund Principal / Interest Accts & $1,935,531.00 from the Jax Beach TIF - Contribution from Local Unit Acct, All Within the Gen Fund Operating Fund, to the Multiyear Progs & Initiatives - Gateway Contingency Acct (Fund 00129), to Provide Partial Funding for the Completion Grants Previously Auth by Ord 2024-485-E for the Multi-Parcel Dev Proj (B.T. 26-042) (Wilson) (Req of Mayor) 2/10/26 CO Introduced: NCSPHS, F 2/17/26 NCSPHS Read 2nd & Rerefer 2/18/26 F Read 2nd & Rerefer Public Hearing Pursuant to Ch. 166, F.S.
Summary
Ordinance 2026-103, introduced by the Council President at the Mayor's request, appropriates $6,232,857 for the Gateway Jax Project, which aims to enhance Downtown Jacksonville. The funding sources include $4,297,326 from the General Capital Improvement Projects—Debt Management Fund and $1,935,531 from the Jacksonville Beach TIF—Contribution from Local Unit account. This appropriation supports previously authorized completion grants for a multi-parcel development that will feature three mixed-use multifamily and retail structures, along with the rehabilitation of an existing parking garage. This legislation is significant as it facilitates urban development and revitalization, impacting both economic growth and community infrastructure in Jacksonville.