1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Amended & Enacted 5/26/15
Introduced by Council Members Boyer, Anderson, Love, Crescimbeni,
Gulliford and Schellenberg and amended by the Finance Committee:
ORDINANCE 2015-275-E
AN ORDINANCE APPROPRIATING $3,775,462.11 FROM
DOWNTOWN HISTORIC PRESERVATION REVITALIZATION
($2,325,462.11 FROM INTEREST EARNINGS ON
DOWNTOWN HISTORIC PRESERVATION; $1,050,000
FROM THE LAURA STREET TRIO; AND $400,000 FROM
THE KIMMIK CORP) TO DOWNTOWN HISTORIC
PRESERVATION AND REVITALIZATION TRUST FUND;
PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED by the Council of the City of Jacksonville:
Section 1.
Appropriation. For the 2014-2015 fiscal year,
within the City’s budget, there are hereby appropriated the
indicated sum(s) from the account(s) listed in subsection (a) to
the account(s) listed in subsection (b):
(a)
Appropriated from:
20
Downtown
21
Pool Earnings – Historic Preservation
22
JEE078-01 - JXSF75A - 361101
23
Downtown
24
25
26
27
28
29
30
31
32
Pool Earnings – Historic Preservation
JEE078-01 - JXSF75A – 36120
$2,161,243.60
Downtown Historic Preservation & Revital – Laura Street
Trio
JEE138-01 - JEJE75ADHP - 08301
$1,050,000.00
Downtown Historic Preservation & Revital – Kimmik Corp
JEE122-01 - JEJE75ADHP - 08301
$400,000.00
33
(b)
Historic
Historic
Preservation
Preservation
&
Revital
–
Investment
$164,218.51
&
Revital
–
Investment
Appropriated to:
34
Downtown Historic Preservation & Revital – Other Grants
35
and Aids
36
37
38
39
40
41
42
43
44
45
46
JEE078-01 JEJE75ADHP – 08301
$3,775,462.11
Section 2.
Purpose. The purpose of the appropriation in
Section 1 above is to close the project entitled Laura Street Trio.
The City approved the Redevelopment Agreement in Ordinance 2007405-E, however the project never occurred. By operation of this
legislation the funds in the amount of $1,050,000 are returning to
the Historic Preservation Trust Fund which is the account of
origin. Similarly, the City approved a Redevelopment Agreement with
the Kimmik Corp in Ordinance 2004-989-E, however the project never
occurred. By operation of this legislation the funds in the amount
of $400,000 are returning to the Historic Preservation Trust Fund
1
2
3
4
5
6
7
8
9
Amended 5/26/15
which is the account of origin. Lastly, the purpose is to capture
the interest earnings in the amount of $2,325,462.11, and
appropriate same into the Historic Preservation Trust Fund to make
available for future appropriation
Section 3.
Effective Date. This ordinance shall become
effective upon signature by the Mayor or upon becoming effective
without the Mayor’s signature.
Form Approved:
10
11
__/s/ Paige Hobbs Johnston
12
Office of General Counsel
13
Legislation prepared by: Margaret M. Sidman
14
G:\SHARED\LEGIS.CC\2015\Ord\2015-275-E.doc
2