RESO Making Certain Findings, & Apv & Auth the Execution of an Economic Dev Agrmt btwn the City & the Winn-Dixie Company, LLC, to Support the Renovation & Expansion of the Company’s Existing Headquarters & Renovation of 14 Existing Full-Svc Grocery Stores within the City; Auth a 20-Yr Recapture Enhanced Value (REV) Grant in the Max Amt of $5,500,000; Auth a Headquarters Retention Grant to the Company in an Amt Not to Exceed $6,500,000, Payable in Equal Annual Disbursements of $1,300,000 Over a 5 Yr Period; Apv & Auth the Execution of Docs by the Mayor, or Her Desig, & Corp Sec; Auth Appvl of Technical Amdts by the Exec Director of the OED; Prov for Oversight by the OED; Prov a Deadline for the Company to Execute the Agrmt; Waiving the Public Investment Policy Adopted by 2024-286-E, as Amended, to Auth the Headquarters Grant; Req 2-Reading Passage Pursuant to Council Rule 3.305 (Sawyer) (Req of Mayor) 4/28/26 CO Introduced: F 5/5/26 F Read 2nd & Rerefer 5/12/26 CO Amend (2x)(FL)/Approve 16-2 (Carrico, Diamond) — 2026-326 Second Revised On File — City Council (2026-05-12)
Jacksonville city, Duval County, Florida
AI Summary
The City of Jacksonville agrees to provide up to $12 million in financial incentives to a company making a $65 million capital investment, including a $17 million headquarters facility at 5050 Edgewood Court and $48 million in improvements to thirteen retail grocery stores. The company will create 200 new jobs at an average wage of $100,000 and retain 500 existing jobs. City incentives include a Recapture Enhanced Value (REV) Grant of up to $5...
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