This ordinance approves a fourth amendment to the redevelopment agreement between the City of Jacksonville and Cosentino Industrial USA, LLC. It extends key deadlines for property purchase, construction commencement, and completion to align with updated project timelines. The amendment supports the development of a $270 million manufacturing facility at the Cecil Commerce Center, creating 180 jobs with an average wage of $56,594. Collaborative efforts with JEA aim to streamline utility and infrastructure improvements.
This decision facilitates a major manufacturing project, boosting local economic development and creating significant job opportunities while ensuring efficient use of municipal resources.