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Council approves ~$2.8M EDC business development project; May 11 joint meeting on bonds planned
Summary
On second and final reading the council approved an Economic Development Corporation business development project valued at approximately $2.8 million and scheduled a May 11 joint meeting to discuss bond issuance, sales tax remittance, and performance agreements.
The City Council approved on second and final reading a Nassau Bay Economic Development Corporation business development project valued at approximately $2.8 million.
Finance Director Jaime Vasquez presented the resolution and noted that the 60-day publication notice period would expire on April 26, 2026. The council approved the resolution unanimously; council documents referenced a joint meeting scheduled for May 11 to address bond issuance, sales tax remittance, and performance agreements connected to the project.
The minutes do not include project-specific vendor names or a breakdown of how the $2.8 million will be allocated; staff indicated that further detail will be addressed at the May 11 meeting.
