Description
Title: ORD Making Certain Findings, & Apv & Auth the CEO of the DIA, or His Desig, to Execute a Redev Agrmt btwn the DIA & Global Solution Partners, Inc., to Support the Renovation & Rehab by Developer of a Historic Bldg Located at 231 N. Laura St; Auth 3 Downtown Preservation & Revitalization Prog Loans, in an Aggregate Amt Not to Exceed $1,907,345.00, to the Developer in Connection with the Proj; Desig the DIA as Contract Monitor for the Agrmt; Prov for Oversight of the Project by the DIA; Auth the Execution of All Docs Relating to the Above Agrmt & Transactions, & Auth Technical Changes to the Doc
Summary
Ordinance 2026-219, introduced at the request of the Downtown Investment Authority (DIA), authorizes a Redevelopment Agreement with Global Solution Partners, Inc. for the renovation of a historic building at 231 N. Laura Street in Jacksonville. This project, with a total estimated cost of $4.7 million, aims to rehabilitate the building to offer approximately 2,800 square feet of commercial retail/restaurant space and two one-bedroom apartments. The City will provide up to $1,907,345 through the Downtown Preservation and Revitalization Program (DPRP), consisting of forgivable loans for historic preservation and code compliance. This legislation is significant as it fosters historic preservation, economic revitalization, and enhances the city's