02:08 PM EST
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The five-year property tax reimbursement would support the company’s proposed $47.3 million investment in North Jacksonville.
By Mike Mendenhall and Karen Brune Mathis
A $1.1 million tax incentive for a proposed FlexCold processing and distribution facility near the Blount Island Marine Terminal in North Jacksonville is headed to City Council.
The Mayor’s Budget Review Committee voted 5-0 on March 8 to file legislation that includes a five-year Recapture Enhanced Value Grant that is part of the economic development agreement.
According to records from the city Office of Economic Development, parties in the three-way deal are FlexCold LLC, 11180 Blasius Road LLC and the city.