Pensacola City Manager Al Coby has issued a memo to the city council that the developer agreement between CMPA and the Maritime Park Development Partners has yet to be finalized. He states that significant progress has been made and believes an agreement will be reached. The outstanding points [...]
OurSportsCentral.com reports: "Jim Combs, Commissioner of the Southern Professional Hockey League's Commissioner announced tonight that the Southern Professional Hockey League's Board of Governors has authorized him and select members of the Board to enter into discussions with potential investors, [...]
The CMPA board approved ian amendment that set priorities for the Equal Business Opportunity (EBO) program - the final document will be approved on Thursday: "The EBO Program will concentrate on finding potential Minority and Female Business Enterprise (MFBE) contractors, vendors, consultants, [...]
The Mobile Press-Register reported on its new contract to print our daily newspaper. It is a multi-year deal that begins in early June. "This contract is especially important during these difficult economic times because it creates a substantial new revenue stream for the Press-Register," [...]
PNJ is reporting that it is moving its printing operations to Mobile. They are outsourcing it to the Mobile Press Register. A combination of 84 full-time and part-time jobs will be eliminated during the transition. Newsroom, circulation and distribution, advertising, marketing departments and [...]
Bruno's Supermarkets LLC has posted WARN (Worker Adjustment and Retraining Notification) notices with Florida's Agency for Workforce Innovation that it may lay 302 employees at its Food World and Bruno stores in Escambia and Santa Rosa counties (WARN notice). The effective per the notice is May [...]
City Finance Director Dick Barker is proposing a finance plan for the Community Maritime Park that will cost $92.6 million and have level annual payments of $3.3 million (finance-agenda-4-6-09_164134-2). The bond market is tight and municipals are paying a premium --more than we think the [...]
In March 2007, the City staff estimated that the CMP bonds would cost a total of $71,203,237 (see ecua-april-2007). In his March 2009 presentation, the cost of the borrowing increased to $85,602,469 (see page-7-march-23-presentation-1).
Under Section 4.5 of the Interlocal Agreement, CRA can reduce the annual payments to the ECUA if the Florida Constitution is amended or the state legislature pays a bill that reduces the amount of TIF received by the CRA. So the CRA can change its payment schedule to the ECUA if there is a [...]
According to Article 5 Financing and Performance of the Interlocal agreement between the CRA/City and ECUA that was approved by City Council April 2007: "...if the final actual Costs of the Project (Demolition of the Main Street Plant) are actually less than $19,500,000, the subsequent Agency [...]
The recession has caused bids for many projects to come in much lower than expected. The New York Times (Companies Pretty Up Prices to Win Stimulus Projects) reports construction companies, hungry for work in the dismal economy, have slashed their prices. Bids are coming in 15 to 25 percent lower [...]
Solutia Inc. has found a buyer for its nylon business: an affiliate of SK Capital Partners II, a New York-based private equity firm that is focused on the chemical, material and health-care sectors. Read more.
Sen. Don Gaetz has filled a bill with Sen. Mike Fasano that will stop public officials from collecting a paycheck and a pension, known as Double-dipping. The bill was approved Tuesday by the Senate Community Affairs Committee. According to St. Pete Times, more than 9,000 members of the [...]
The Escambia County School Board is now in the retirement incentive business. They passed a new policy that will come before the Board for final approval on May 11, 2009. This rule is intended to provide an incentive ---25% of the gross annual salary--for individuals who would like to retire and [...]