ECONOMIC AND COMMUNITY DEVELOPMENT

Jacksonville Ordinance Code tit. V, ch. 111, pt. 6

in effect

Jacksonville Ordinance Code § 111.600 Tourist Development Tax Special Revenue Fund; Development, Contingency, Convention Grants, Sponsorships and Promotions, and Equestrian Center Grants Accounts.

Sec. 111.600. - Tourist Development Tax Special Revenue Fund; Development, Contingency, Convention Grants, Sponsorships and Promotions, and Equestrian Center Grants Accounts. (a) Creation. There is created the Tourist Development Tax Special Revenue Fund, a permanent special revenue fund of the City, into which shall be paid all moneys received from the Tax Collector as proceeds of the tourist development tax levied by the City Council and approved by the people. The funds in the Tourist Development Tax Special Revenue Fund shall be expended in accordance with the Tourist Development Plan in Section 666.108, Ordinance Code, as approved by the people, and thereafter as may be amended by the City Council. The Director of Finance and Administration is authorized and directed to make disbursements from this fund upon the requisition of the Executive Director and/or the Chairman of the Duval County Tourist Development Council; provided, that payments of the debt service requirements of any revenue bonds issued pursuant to the Tourist Development Plan shall be made from this fund as required by the revenue bonds. All revenues and funds deposited into this fund shall not lapse to the General Fund. (b) Development account, expenditures. There is hereby established, in addition to the Tourist Development Tax Special Revenue Fund, a separate development account ("Development Account"). The Executive Director and/or Administrator of the Tourist Council shall keep a record of the balances, and these funds shall be available for withdrawal as provided in this Section. The Development Account funds shall be for the purpose of acquiring, constructing, extending, enlarging, remodeling, or improving publicly owned convention centers, coliseums (e.g., arena) or auditoriums (e.g., performing arts center) and aquariums or museums that are publicly owned and operated or owned and operated by a not for profit organization and open to the public. In acquiring, constructing, extending, enlarging, remodeling, or improving such facilities, the usual City procedures shall be followed. No funds in the Development Account shall be used for the general or routine maintenance, operating or promotion of such facilities. It is not required that the funds in the Development Account be expended on an activity or project in each fiscal year, and any such funds transferred or appropriated to the Development Account be expended on an activity or project in each fiscal year, and any such funds transferred or appropriated to the Development Account pursuant to Section 666.108(c), Ordinance Code, shall accumulate from year to year until sufficient funds are available to adequately fund an acquisition, construction, extension, enlargement, remodeling, or improvement project for such facilities. All revenues and funds deposited into the Development Account shall not lapse to the General Fund. Any projects and activities funded from the Development Account shall be approved by the City Council. (c) Contingency Account; expenditures. There is hereby established, in addition to the Tourist Development Tax Special Revenue Fund, a separate contingency account ("Contingency Account") to receive the funding allocations and appropriations to the Tourist Development Plan component described in subsection 666.108(b)(5), Ordinance Code, to be used for unforeseen opportunities of major significance to tourism in the City. All revenues and funds deposited into the Contingency Account shall not lapse to the General Fund. (d) Convention Grants, Sponsorships, and Promotions Account; expenditures. There is hereby established, in addition to the Tourist Development Tax special Revenue Fund, a separate account ("Convention Grants, Sponsorship and Promotions Account") to receive funding allocations and appropriations to the Tourist Development Plan subcomponent for convention grant awards, sponsorship and promotions as described in 666.108(b)(1)(iv), Ordinance code. Monies in this account shall only be used for convention grant awards, sponsorship and promotions. Monies and interest appropriated into this account shall be for the purpose set forth herein and shall not lapse to the General Fund at the close of any fiscal year, but instead shall carry over into subsequent fiscal years. Subject to the availability of appropriated funds in this account, the Director of Finance and Administration, or his designee, is authorized and directed to make disbursements from this account upon receipt of the Tourist Development Council Executive Director's disbursement request. (e) Equestrian Center Grants Account; expenditures. There is hereby established, in addition to the Tourist Development Tax special Revenue Fund, a separate account ("Equestrian Center Grants Account") to receive funding allocations and appropriations to the Tourist Development Plan component for equestrian center grant awards described in 666.108(b)(6), Ordinance Code. Monies in this account shall only be used to award equestrian center grants. Monies and interest appropriated into this account shall be for the purpose set forth herein and shall not lapse to the General Fund at the close of any fiscal year, but instead shall carry over into subsequent fiscal years. Subject to the availability of appropriated funds in this account, the Director of Finance and Administration, or his designee, is authorized and directed to make disbursements from this account upon receipt of the Tourist Development Council Executive Director's disbursement request. (Ord. 78-559-277, § 2; Ord. 83-591-400, § 1; Ord. 90-656-410, § 1; Ord. 2006-422-E, § 11; Ord. 2016-140-E, § 16; Ord. 2016-599-E, § 5; Ord. 2019-152-E, § 4; Ord. 2019-769-E, § 5; Ord. 2020-356-E, § 2; Ord. 2022-515-E, § 3)

Jacksonville Ordinance Code § 111.601 Tourist Development Donations and Sponsorships Special Revenue Fund.

Sec. 111.601. - Tourist Development Donations and Sponsorships Special Revenue Fund. There is created within the Special Revenue Funds a special revenue fund account to be known as the Tourist Development Donations and Sponsorships Special Revenue Fund ("Fund"), into which shall be deposited all donations, monetary gifts, sponsorship monies, and other non-tourist development tax monies designated for the approved uses in this Section. Monies deposited into the Fund shall be used to defray the costs and expenses related to (i) the Tourist Development Plan components described in Section 666.108, Ordinance Code; and (ii) existing and future tourist activities, tourist facilities and tourist attractions in Duval County. Expenditures from the Fund shall not be subject to the Tourist Development Plan requirements set forth in Chapter 666, Ordinance Code. All monies and interest placed into the Fund are hereby appropriated for the purposes of the Fund and such shall not lapse to the General Fund at the close of any fiscal year, but instead shall carry over to the next fiscal year. The Executive Director of the Tourist Development Council shall make expenditure recommendations to the Tourist Development Council ("TDC") for approval. The Director of Finance and Administration, or his designee, is authorized and directed to make disbursements from the Fund upon receipt of the Executive Director's request and upon approval of such expenditure recommendations by the TDC, subject to the availability of funds in the Fund. Each Fund expenditure by the TDC in excess of $75,000 shall require prior approval by the City Council. (Ord. 2018-236-E, § 1; Ord. 2020-356-E, § 2)

Jacksonville Ordinance Code § 111.605 Reserved.

Jacksonville Ordinance Code § 111.610 JSEB Access to Capital Program Trust Fund.

Sec. 111.610. - JSEB Access to Capital Program Trust Fund. There is created within the General Trust and Agency Fund a trust fund account to be known as the JSEB Access to Capital Program Trust Fund, hereinafter called the "Fund." All donations and contributions of money, including gifts and grants, and Council appropriations, if any, shall be deposited into the Fund to be used for the Access to Capital Program (the "Program") provided in Chapter 126, Subpart C of the Code. All sums placed into the Fund, which shall include all interest earned or accrued thereon, are hereby appropriated and shall carry over fiscal years to be used for the Program purposes, functions, and goals provided in Chapter 126, Subpart C of the Code. The Director of Finance and Administration, or his/her designee, is authorized and directed to make disbursements from the Fund for Program purposes, functions and goals upon written requisition of the Chief of Procurement in consultation with the JSEB Administrator, subject to the availability of funds in the Fund. Nothing in this Section shall prohibit or otherwise limit any appropriations which may be made by Council to the Fund for use toward attaining the Program purposes, functions and goals described in Chapter 126, Subpart C of the Code. (Ord. 2021-117-E, § 6)

Jacksonville Ordinance Code § 111.620 Community Development Special Revenue Funds.

Sec. 111.620. - Community Development Special Revenue Funds. There are hereby established Revenue Fund accounts into which all proceeds and program income including rental payments, pursuant to programs funded from revenues made available by the United States or the State of Florida, shall be made, and accrued interest earned, shall be deposited, and from which funds shall only be disbursed for uses in accordance with federal program guidelines of the U.S. Department of Housing and Urban Development and any applicable program guidelines of the State of Florida. The programs will be administered in compliance with applicable federal, State and local laws, rules and regulations using forms and procedures developed by the Housing and Community Development Division of the Planning and Development Department within approved budget limits. The Mayor, or his or her designee, shall have the authority to make loans and grants in amounts up to, but not in excess of, $100,000, and take all actions necessary or appropriate in connection therewith (including, but not limited to, executing and delivering loan and grant agreements), without approval by Council. Loans and grants in excess of $100,000 shall require the approval of Council and the execution by the Mayor and Corporation Secretary. For program income and principal or interest received from the repayments of loans under the Community Development Block Grant (CDBG) Program, in compliance with the requirements of 24 CFR 570.504, the Mayor, or his or her designee, shall have the authority to transfer funds to any unpaid contract amounts of CDBG and housing projects approved by prior City Council ordinances and shall be used to fund any unpaid amounts under said contracts prior to the use of CDBG Program entitlement proceeds appropriated by Council; provided, however, the above provision shall not be construed to grant any authority to increase said contract amounts or the City's financial obligations under said contracts previously approved by City Council without further approval by the Council. Other than as provided herein, program income and principal or interest received from repayments of loans under the CDBG Program shall not be used for any other expenditure or use without further approval and appropriation by the Council. (Ord. 95-3-469, § 6; Ord. 2006-356-E, § 12; Ord. 2006-422-E, § 85; Ord. 2011-732-E, § 35; Ord. 2013-209-E, § 40; Ord. 2013-292-E, § 6)

Jacksonville Ordinance Code § 111.625 Cecil Commerce Center Trust Fund.

Sec. 111.625. - Cecil Commerce Center Trust Fund. There is created an account to be known as the Cecil Commerce Center Trust Fund, into which shall be deposited all funds and all revenues received or earned by the City from the development and operation of the Cecil Commerce Center (excluding all such funds or revenues relative to a portion of Cecil Commerce Center as may be governed by any interlocal agreement between the Jacksonville Airport Authority and the City and/or Office of Economic Development which the Jacksonville Airport Authority obtains property interests or control over a portion of Cecil Commerce Center) from any legal entity (individual, governmental, corporate, etc.) to include among other things the payment of rental, property sales proceeds or other proceeds from interests in property rights or other fees associated with any use by such legal entity of the economic development and parks and recreation portions of Cecil Commerce Center, together with the interest earnings thereon. The Director of Finance and Administration shall establish separate accounts identifying revenues sources and uses for "economic development" and "parks and recreation" activities at Cecil Commerce Center. The funds shall be used for (a) improvements, repairs, or maintenance costs for any of the facilities at Cecil Commerce Center which are leased or licensed by the City, or any property or facility transferred by economic development or parks and recreation conveyances to the City, from the United States Department of the Navy; (b) the cost of any realtor commissions payable by the City pursuant to contracts (herein subleases or sublicenses) approved by the City Council; or (c) such other costs of undertaking City obligations, goals and objectives at Cecil Commerce Center as proposed by the Mayor and the Office of Economic Development (herein "OED"). The Executive Director of the OED or his designee is responsible for the administration of this fund. Effective October 1, 2001, all appropriations of the trust fund shall be subject to prior approval of the City Council and the appropriations shall not lapse at the end of the fiscal year. All monies and interest placed or earned in this trust fund shall remain in the trust fund until expended for purposes described herein. (Ord. 98-1052-E, § 1; Ord. 2001-742-E, § 1; Ord. 2006-422-E, § 99; Ord. 2012-364-E, § 10; Ord. 2016-140-E, § 16)

Jacksonville Ordinance Code § 111.630 Jacksonville Upward Mobility Program Special Revenue Fund.

Sec. 111.630. - Jacksonville Upward Mobility Program Special Revenue Fund. There is hereby created a permanent special revenue fund of the City to be known as the Jacksonville Upward Mobility Program Special Revenue Fund, hereinafter called the "Fund". In addition to the annual budget appropriation outlined in Section 180.104, Ordinance Code, the Chief Executive Officer ("CEO") of the Kids Hope Alliance shall deposit into the Fund all payments, contributions, or donations of money, including gifts and grants, received for use toward achieving the purposes, functions and goals set forth in Chapter 180, Ordinance Code. Funds provided through the Fund shall not be used for fundraising efforts or for any costs incurred by the Kids Hope Alliance related to administration and overhead of JUMP, but instead shall be used only for the operational program costs of JUMP. The CEO shall make grant and other expenditure recommendations which shall be approved by Council through the annual budget process or other legislation. All sums placed into the Fund, which shall include all interest earned or accrued thereon, shall be appropriated by the Council prior to expenditure, and shall be utilized for the funding consistent with the goals of JUMP, to fund apprenticeship, pre-apprenticeship, and skilled workforce training programs for residents, as more fully set forth in Chapter 180. These funds shall be appropriated at a minimum on an annual basis in conjunction with the annual budget within the Kids Hope Alliance budget. Monies deposited in the Fund shall not lapse but shall carry over to the next fiscal year. (Ord. 2022-886-E, §§ 3, 4)

Jacksonville Ordinance Code § 111.635 Jacksonville Film and Television Office Trust Fund.

Sec. 111.635. - Jacksonville Film and Television Office Trust Fund. There is created and established an account to be known as the Jacksonville Film and Television Office Trust Fund, into which shall be deposited all donations, gifts, grants, appropriations, revenues generated by the Jacksonville Film and Television Office. The monies deposited into this trust fund are hereby appropriated for the purposes set forth herein and shall not lapse at the end of any fiscal year. The Director of Finance and Administration is authorized and directed to make disbursements from this trust fund upon the written request of the Mayor or his or her designee, for the purpose of paying for the expenses of marketing Jacksonville as a film production site and other operations of the Film and Television Office. The following are some examples of approved uses of the Jacksonville Film and Television Office Trust Funds; film recruitment meals (breakfast, lunch, or dinner); traveling (airfare, lodging and car rental); advertising and other marketing tools; printing, and registration. Furthermore, the Mayor, or his or her designee, is authorized to negotiate and execute contracts and agreements with entertainers, promoters, co-sponsors, concessionaires and other public or private parties or entities which are necessary to outline and define the duties and responsibilities of the City and such other persons or entities to assure a successful film festival, provided the Director of Finance and Administration shall certify on such contracts or agreements that there are current funds available in this trust fund or in the current appropriation to the Division or other City entity incurring the expense to fund the particular expense item, and provided further that an Assistant Counsel in the Office of General Counsel shall approve such contracts and agreements as to form. To the extent disbursements are made, the funds disbursed shall be considered appropriated for the purpose of the disbursement and shall be considered a part of the budget of the agency on whose behalf the disbursement was requested. Notwithstanding any other provision of the Ordinance Code to the contrary, and for the purpose of generating revenues to defray the expenses of film recruitment and other expenses, the Economic Development Officer (f/k/a the Executive Director) of the Office of Economic Development, or designee, shall be authorized to produce and sell souvenirs, charge admission to events, receive profits from concessions, charge fees for sponsorship and participation in events to deposit into the trust fund. The Economic Development Officer, or designee, shall make a final accounting and report annually to the Council on the revenues and expenditures of this trust fund. (Ord. 90-98-30, § 1; Ord. 92-1413-1407, § 1; Ord. 94-141-69, § 1; Ord. 95-867-486, § 1; Ord. 98-371-E, § 1; Ord. 2006-422-E, § 55; Ord. 2011-732-E, § 36; Ord. 2012-364-E, § 10; Ord. 2016-140-E, § 16)

Jacksonville Ordinance Code § 111.640 Southside CRA Trust Fund and the Northbank Downtown CRA Trust Fund of the Downtown Investment Authority.

Sec. 111.640. - Southside CRA Trust Fund and the Northbank Downtown CRA Trust Fund of the Downtown Investment Authority. (a) There shall be established two funds, as required by F.S. § 163.387, to be known as (1) the Southside CRA Trust Fund, and (2) the Northbank Downtown CRA Trust Fund, of the Downtown Investment Authority. The Southside CRA Trust Fund shall contain all funds currently contained in the Southbank Tax Increment Fund of the Special Revenue Fund and shall continue in its new formation in full force and effect. The Northbank Downtown CRA Trust Fund shall contain all funds currently contained in the Downtown East Tax Increment Fund and the Northside West Tax Increment Fund of the Special Revenue Fund and shall continue in full force and effect. The Northbank Downtown CRA Trust Fund shall maintain two separate accounting records, one for the Downtown East CRA and one for the Northside West CRA, for the purpose of segregating funds required to satisfy outstanding obligations, if any, that were remaining at the time of the merger of the Downtown East CRA and the Northside West CRA pursuant to Ordinance 2000-1078-E and to accurately calculate the increment revenues in the former Downtown East CRA and the Northside West CRA, pursuant to F.S. Ch. 163, Pt. III, and Section 500.114, Ordinance Code, because those areas have different increment base years. However, after satisfaction of any current payments due on any obligations of either the Downtown East CRA or Northside West CRA that predated the merger, funds in the Northbank Downtown CRA Trust Fund may be used by the DIA for Plan Capital Projects, Programs and Professional Services anywhere within the Northbank Downtown community redevelopment area regardless of whether the increment was generated from the former Downtown East CRA or the former Northside West CRA. In addition to the tax increment funds from each CRA and any other funds available to the Authority, funds appropriated to and deposited into said Trust Funds may be used by the Authority, subject to prior approval by the Board and pursuant to the Authority's BID Plan approved and adopted by City Council via Ordinance 2014-560-E, to finance or refinance all or part of the cost of construction or acquisition of any Plan Capital Project or pay for the cost of a Program or Plan Professional Service now or hereafter undertaken by the Authority individually or with or by any other governmental entity. Funds deposited into these Trust Funds shall be placed and accounted for in separate interest bearing accounts and all accrued interest shall remain in the respective Trust Funds. (b) If the Southside CRA Tax Increment District or the Northbank Downtown Tax Increment District ceases to exist, the Southside CRA Trust Fund and the Northbank Downtown CRA Trust Fund shall be dissolved, as appropriate, relating to the fund that ceases to exist, and all funds previously deposited therein by a taxing authority together with a pro rata share of any interest having accrued thereon shall be returned to the appropriate City account for appropriation following compliance with all contractual or bond obligations that are outstanding. (c) All existing funds and accounts, encumbered and unencumbered, for each Community Redevelopment Agency Trust Fund (Southside Community Redevelopment Area and the Northbank Downtown Community Redevelopment Area) shall be available for use to the Downtown Investment Authority, but only within their respective CRA boundaries commencing with the 2012-2013 budget year. The DIA proposed budget shall limit administrative and overhead expenses paid from the Trust Funds to no more than ten percent of amounts available after providing for all other current and proposed Tax Increment financed obligations, and based upon the pro rata time or effort within each CRA. On a semi-annual basis, commencing April 1, 2013, the DIA shall provide to the Mayor and the Council an annual financial statement prepared by staff describing all of the expenditures and purpose of the Trust Funds of the Downtown Investment Authority describing accomplishments and compliance with the Business Investment and Development Plan. (d) The provisions of this Section shall prevail in the event that any provisions or portions thereof of the Ordinance Code, including but not limited to the provisions of Section 500.112 and/or Section 500.113, Ordinance Code, conflict with the provisions set forth herein. Chapter 55, Ordinance Code, are the provisions which primarily govern the operations of the Downtown Investment Authority and are referenced here for the purpose of cross-reference. (e) There shall be paid into the Fund, and the City hereby appropriates, commits and sends over for payment into the Fund, a sum equal to the increment from the income, proceeds, revenues and funds of the City derived from or held in connection with the CRA for the purpose of undertaking and carrying out the community redevelopment programs, projects and activities set forth in the BID Plan. Such increment shall be determined and appropriated annually and shall be an amount equal to 95 percent of the difference between: (1) The amount of ad valorem taxes levied each year by the City on taxable real property contained within the CRA; and (2) The amount of ad valorem taxes which would have been produced by the rate upon which the tax is levied each year by or for the City upon the total of the assessed value of the taxable real property in the CRA as shown upon the most recent tax assessment roll used in connection with the taxation of such property by the City, last determined prior to the effective date of the ordinance approving the Plan. (f) The City shall annually send to the Fund the above sum by January 1 of each year. The City's obligation to annually appropriate to the Fund shall commence immediately upon the effective date of this Section and continue until all loans, advances and indebtedness, if any, and interest thereon incurred by the City as a result of the redevelopment outlined in the Plan have been paid, and only to the extent of the above-stated tax increment accrual. (g) The funds authorized by the Authority and allocated for specific Programs, Plan Capital Projects, or Professional Services consistent with the Plan shall not lapse at the close of any fiscal year, but instead shall carry over to the next fiscal year in accordance with Section 106.345, Ordinance Code. It is recognized and understood that some Programs, Plan Capital Projects or Plan Professional Services will span several years in order to collect the funds necessary to complete the Program, Plan Capital Project or Plan Professional Service. (h) Pursuant to F.S. § 163.387(7)(a), any funds remaining in the Trust Fund at the end of the fiscal year that have not been encumbered or allocated to an activity that carries over as provided in Chapter 106, Part 3, Subpart D, Ordinance Code, and that have not been allocated in accordance with F.S. § 163.387(7)(b), (c) or (d), as amended, shall be segregated and made available by the City Council for the purpose of economic development within downtown. (i) Unless otherwise defined in this Section, all capitalized terms shall have the meanings given to them in Chapter 106, Part 3, Subpart D, Ordinance Code and Chapter 500, Ordinance Code, as applicable. (Ord. 2012-364-E, § 3; Ord. 2014-560-E, § 13; Ord. 2016-140-E, § 16; Ord. 2018-555-E, § 4)

Jacksonville Ordinance Code § 111.641 Jacksonville International Airport CRA Trust Fund.

Sec. 111.641. - Jacksonville International Airport CRA Trust Fund. (a) There shall be established a fund, as required by F.S. § 163.387, to be known as the Jacksonville International Airport CRA Trust Fund (the "Trust Fund"). There shall be paid into the Trust Fund, and the City hereby appropriates, commits and sends over for payment into the Fund, a sum equal to the increment from the income, proceeds, revenues and funds of the City derived from or held in connection with the CRA for the purpose of undertaking and carrying out the community redevelopment programs, projects and activities set forth in the Community Redevelopment Plan. Such increment shall be determined and appropriated annually and shall be an amount equal to 95 percent of the difference between: (1) The amount of ad valorem taxes levied each year by the City on taxable real property contained within the CRA; and (2) The amount of ad valorem taxes which would have been produced by the rate upon which the tax is levied each year by or for the City upon the total of the assessed value of the taxable real property in the CRA as shown upon the most recent tax assessment roll used in connection with the taxation of such property by the City, last determined prior to the effective date of the ordinance approving the community redevelopment plan (the "Plan"). (b) The City shall annually appropriate to the Trust Fund the above sum by January 1 of each year. The City's obligation to annually appropriate to the Trust Fund shall commence immediately upon the effective date of this Section and continue until all loans, advances and indebtedness, if any, and interest thereon incurred by the City as a result of the redevelopment outlined in the Plan have been paid, and only to the extent of the above-stated tax increment accrual. (c) Funds deposited into the Trust Fund shall be used by the CRA in accordance with the Plan and the Approved CRA Budget, subject to the provisions of Chapter 106, Part 3, Subpart D, Ordinance Code, and shall be placed and accounted for in a separate interest bearing account and all accrued interest shall remain in the Trust Fund. (d) The funds authorized by the CRA Board and allocated for specific Programs, Plan Capital Projects, or Plan Professional Services consistent with the Plan shall not lapse at the close of any fiscal year, but instead shall carry over to the next fiscal year in accordance with Section 106.345, Ordinance Code. It is recognized and understood that some Programs, Plan Capital Projects or Plan Professional Services will span several years in order to collect the funds necessary to complete the Program, Plan Capital Project or Plan Professional Service. (e) Pursuant to F.S. § 163.387(7)(a), any funds remaining in the Trust Fund at the end of the fiscal year that have not been encumbered or allocated to an activity that carries over as provided in Chapter 106, Part 3, Subpart D, Ordinance Code, and that have not been allocated in accordance with F.S. § 163.387(7)(b), (c) or (d), as amended, shall be returned to the General Fund, General Services District on an annual basis during the City's recapture process. (f) Unless otherwise defined in this Section, all capitalized terms shall have the meanings given to them in Chapter 106, Part 3, Subpart D, Ordinance Code and Chapter 500, Ordinance Code, as applicable. (Ord. 2018-555-E, § 5)

Jacksonville Ordinance Code § 111.642 KingSoutel Crossing CRA Trust Fund.

Sec. 111.642. - KingSoutel Crossing CRA Trust Fund. (a) There shall be established a fund, as required by F.S. § 163.387, to be known as the KingSoutel Crossing CRA Trust Fund (the "Trust Fund"). There shall be paid into the Trust Fund, and the City hereby appropriates, commits and sends over for payment into the Fund, a sum equal to the increment from the income, proceeds, revenues and funds of the City derived from or held in connection with the KingSoutel Crossing CRA for the purpose of undertaking and carrying out the community redevelopment programs, projects and activities set forth in the Community Redevelopment Plan. Such increment shall be determined and appropriated annually and shall be an amount equal to 95 percent of the difference between: (1) The amount of ad valorem taxes levied each year by the City on taxable real property contained within the CRA; and (2) The amount of ad valorem taxes which would have been produced by the rate upon which the tax is levied each year by or for the City upon the total of the assessed value of the taxable real property in the CRA as shown upon the most recent tax assessment roll used in connection with the taxation of such property by the City, last determined prior to the effective date of the ordinance approving the Plan. (b) The City shall annually appropriate to the Trust Fund the above sum by January 1 of each year. The City's obligation to annually appropriate to the Fund shall commence immediately upon the effective date of this Section and continue until all loans, advances and indebtedness, if any, and interest thereon incurred by the City as a result of the redevelopment outlined in the Plan have been paid, and only to the extent of the above-stated tax increment accrual. (c) Funds deposited into the Trust Fund shall be used by the CRA in accordance with the Plan and the Approved CRA Budget, subject to the provisions of Chapter 106, Part 3, Subpart D, Ordinance Code, and shall be placed and accounted for in a separate interest bearing account and all accrued interest shall remain in the Trust Fund. (d) The funds authorized by the CRA Board and allocated for specific Programs, Plan Capital Projects, or Plan Professional Services consistent with the Plan shall not lapse at the close of any fiscal year, but instead shall carry over to the next fiscal year in accordance with Section 106.345, Ordinance Code. It is recognized and understood that some Programs, Plan Capital Projects or Plan Professional Services will span several years in order to collect the funds necessary to complete the Program, Plan Capital Project or Plan Professional Service. (e) Pursuant to F.S. Section 163.387(7)(a), any funds remaining in the Trust Fund at the end of the fiscal year that have not been encumbered or allocated to an activity that carries over as provided in Chapter 106, Part 3, Subpart D, Ordinance Code, and that have not been allocated in accordance with F.S. § 163.387(7)(b), (c) or (d), as amended, shall be returned to the General Fund, General Services District on an annual basis during the City's recapture process. (f) Unless otherwise defined in this Section, all capitalized terms shall have the meanings given to them in Chapter 106, Part 3, Subpart D, Ordinance Code and Chapter 500, Ordinance Code, as applicable. (Ord. 2018-555-E, § 5)

Jacksonville Ordinance Code § 111.645 Renew Arlington Community Redevelopment Agency Trust Fund.

Sec. 111.645. - Renew Arlington Community Redevelopment Agency Trust Fund. (a) There shall be established a fund, as required by F.S. § 163.387, to be known as the Renew Arlington CRA Trust Fund (the "Trust Fund"). There shall be paid into the Fund, and the City hereby appropriates, commits and sets over for payment into the Fund, a sum equal to the increment from the income, proceeds, revenues and funds of the City derived from or held in connection with the CRA for the purpose of undertaking and carrying out the community redevelopment programs, projects and activities set forth in the Community Redevelopment Plan. Such increment shall be determined and appropriated annually and shall be an amount equal to 95 percent of the difference between: (1) The amount of ad valorem taxes levied each year by the City on taxable real property contained within the CRA; and (2) The amount of ad valorem taxes which would have been produced by the rate upon which the tax is levied each year by or for the City upon the total of the assessed value of the taxable real property in the CRA as shown upon the most recent tax assessment roll used in connection with the taxation of such property by the City, last determined prior to the effective date of the ordinance approving the Plan. (b) The City shall annually appropriate to the Fund the above sum by January 1 of each year. The City's obligation to annually appropriate to the Fund shall commence immediately upon the effective date of this Section and continue until all loans, advances and indebtedness, if any, and interest thereon incurred by the City as a result of the redevelopment outlined in the Plan have been paid, and only to the extent of the above-stated tax increment accrual. Any funds not appropriated from the Fund in the Plan for debt service and obligations, current or future, related to meeting the objectives of the Plan, shall be returned to the General Fund of the City on an annual basis. (c) Funds deposited into the Trust Fund shall be used by the CRA in accordance with the Plan and the Approved CRA Budget, subject to the provisions of Chapter 106, Part 3, Subpart D, Ordinance Code, and shall be placed and accounted for in a separate interest bearing account and all accrued interest shall remain in the Trust Fund. (d) The funds authorized by the CRA Board and allocated for specific Programs, Plan Capital Projects or Plan Professional Services consistent with the Plan shall not lapse at the close of any fiscal year, but instead shall carry over to the next fiscal year in accordance with Section 106.345, Ordinance Code. It is recognized and understood that some Programs, Plan Capital Projects or Plan Professional Services will span several years in order to collect the funds necessary to complete the Program, Plan Capital Project or Plan Professional Service. (e) Pursuant to F.S. § 163.387(7)(a), any funds remaining in the Trust Fund at the end of the fiscal year that have not been encumbered or allocated to an activity that carries over as provided in Chapter 106, Part 3, Subpart D, Ordinance Code, and that have not been allocated in accordance with F.S. § 163.387(7)(b), (c) or (d), as amended, shall be returned to the General Fund, General Services District on an annual basis during the City's recapture process. (f) Unless otherwise defined in this Section, all capitalized terms shall have the meanings given to them in Chapter 106, Part 3, Subpart D, Ordinance Code and Chapter 500, Ordinance Code, as applicable. (Ord. 2015-738-E, § 6; Ord. 2018-555-E, § 4)

Source: City of Jacksonville, Ordinance Code and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/fl/jacksonville/codes/code_of_ordinances?nodeId=TITVADPE_CH111SPRETRAC_PT6ECCODEFetched: 10/27/2026