Florida State College at Jacksonville is seeking $180,000 in no-interest loans forgiven for its student housing and ground-floor retail building in leases at 20 W. Adams St.
The DIA will consider resolutions to approve or deny the request.
The deadlines and language for the loans changed over the years because of the pandemic from the initial incentives deal that was approved in 2015. The building was renovated and opened in 2018.
According to the DIA resolution, while the 2015 deal said the loans “may be forgiven,” the current deal, approved in 2022, does not include language that they are forgivable.
The DIA staff recommends denying the FSCJ request for forgiveness.
Regions Bank forgivable loans
In 2020, City Council approved a $1.1 million incentives package for Regions Bank’s historic Downtown headquarters building at 51 W. Bay St.
The deal includes up to $900,000 in forgivable historic preservation and code compliance loans.
The bank is now seeking $410,000 from that agreement for an exterior rehabilitation project.
Previously, the DIA approved $149,760 for the bank. If approved, it would leave $340,240 in potential loans remaining.
Armada parking
The board will consider authorizing the DIA CEO to prepare an agreement with the Jacksonville Armada to use the Sports Complex Garage at 500 A. Philip Randolph Blvd.
The Armada plans to start construction on a soccer stadium nearby early next year and a rezoning agreement requires the DIA “to ensure that there is no conflicting event on such date which would reduce the capacity of the Sports Complex garage below 393 spaces or the amount required after obtaining private agreements.”
Volunteer parking
The board will consider a resolution to recommend that Council approve a five-year agreement to provide free parking for Florida Theatre volunteers in the Yates Garage. A similar agreement expired in September.
The DIA is scheduled to meet at 3 p.m. Dec. 20 in the Main Library Multipurpose Room at 303 N. Laura St.