ORD Approp Investment Pool Earnings with the Downtown Economic Dev Fund to the Osprey River LLC N4 Proj & Forgivable Loans Accts in the Amt of $1,134,952.80; Prov the Purpose for the Approp (Lavie) (Req of DIA)

City Council · 2026-09-08 · agenda_item

The City Council of Jacksonville is considering an ordinance to appropriate investment pool earnings totaling $1,134,952.80 to the Downtown Economic Development Fund. These funds are intended for Osprey River LLC's N4 Project and forgivable loans accounts. This item is currently pending and has been introduced, with a public hearing scheduled for September 22, 2026. The project involves financial allocations for economic development, which may lead to future construction or business expansion opportunities. Local contractors, suppliers, and service providers are encouraged to monitor this item's progress. Engaging early, before final plans and permits are established, can provide a competitive advantage for potential work related to the N4 Project.

Appropriation Amount

1134952.80 $