The Council recognizes the importance of industrial development revenue bonds as a
viable method of financing industrial relocation and expansion. The Council encourages
both companies interested in locating in Duval County and companies presently located
in Duval County to explore the use of industrial development revenue bonds to finance
industrial projects. The legislative policy is to issue industrial development revenue
bonds in accordance with procedures that will afford protection to the persons involved
and will comply with federal and state laws and regulations. The policies and procedures
set forth in this Part are for the purpose of providing guidance in the orderly processing
of public business and are not intended to provide and do not provide legal, financial
or business inducements, advice or counseling for a particular person, firm, corporation
or other business entity. Industrial development revenue bonds, or other "conduit"
bonds for the benefit of nongovernmental project owners, may be issued by the Council
of the City of Jacksonville. Accordingly, as used in this Part, the term "Issuer"
shall refer to the City.
