Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the EDC Financing topic
No spam. Unsubscribe anytime.
Council advances first reading for EDC-backed conference center financing
Summary
The council approved a first reading of a resolution authorizing the Nassau Bay EDC to undertake a business development project and presented a revised financing plan that includes EDC sales tax revenue bonds and an anticipated mid‑June funding close.
Finance Director Jaime Vasquez presented the revised financing plan for a proposed conference center, "including the use of EDC sales tax revenue bonds, and noted an anticipated funding closing in mid-June," according to the minutes. Councilmember Chase Waterwall moved to approve a first reading of Resolution No. 2026-0316-2; the motion passed with all members present voting aye. The second reading is scheduled for April 13, 2026.
The minutes record the financing approach in general terms; no bond amounts, schedules or underwriter details appear in the published minutes. Council approved the first reading without recorded amendments.
