02 21 18 fndr

Page 1

Daily Record Financial News &

Wednesday, February 21, 2018

Vol. 105, No. 068 • One Section

35¢ www.jaxdailyrecord.com

Workshop is JEA’s ‘sound next step’

Keke’s Breakfast Café coming to Town Center

Utility’s privatization also will be studied by council committee. By David Cawton Staff Writer In its first meeting since a financial evaluation detailing JEA’s potential sale value, the utility’s board of directors unanimously agreed Tuesday to hold a workshop about its next step in exploring whether or not to privatize. The JEA board, led by Chair Alan Howard, commissioned the financial audit in November. It has remained silent outside of public meetings, allowing Howard to speak on its behalf. The board consists of Howard, a mergers and acquisitions attorney with Milam Howard Nicandri Gillam & Renner; the Rev. Frederick Newbill, who leads First Timothy Baptist Church; Husein Cumber, executive vice president at Florida East Coast Industries; Kelly Flanagan, Jacksonville Jaguars chief financial officer; and April Green, chief financial officer and chief operating officer of Bethel Baptist Institutional Church of Jacksonville and chief operating officer of Baxter Technology Group. On Feb. 14, JEA’s financial adviser, Public Financial Management Inc. released its evaluation of the city-owned utility, concluding it could be worth $2.9 billion to $6.4 billion to private investors after JEA addresses nearly $4 billion in debt obligations. Newbill applauded the board for having the utility’s assets evaluated, regardless if a transaction takes place. “If I have a home and I paid $1 million for it and somebody offers me $100 million for it, I’m going to look at it even if I’m not going

Special to the Daily Record

Keke’s Breakfast Café in Apopka. The Orlando-based chain has opened in St. Augustine and plans two additional Northeast Florida stores, at The Strand at Town Center and in Durbin Park.

Orlando-based restaurant coming to The Strand at Town Center, The Pavilion at Durbin Crossing.

Keke’s Breakfast Café intends to open in The Strand at Town Center, its third Northeast Florida restaurant following one already open in St. Augustine and a second planned in The Pavilion at Durbin Park. A $210,000 initial build-out for the existing shell space at 4906 Town Center Parkway, No. 104, is in review. No contractor is listed. The tenant will provide final build-out of the 4,401 square feet of space. Keke’s Breakfast Café is based in Orlando and franchises its restaurants. The kekes.com site shows 32 locations in Florida and 13 coming soon, including at

The Strand and Durbin Park. Keke’s will lease about 4,400 square feet in Durbin Park. “It’s like your hometown diner grew up and went to the city,” is its slogan. Kekes.com reports the estimated initial investment in a franchise is about $348,000 to $937,000, including a franchise fee of $50,000. The rest covers expenses like tenant improvements, equipment, signage, plans and permits and other costs. Keke said its restaurants will draw from residential and business customers Mathis

continued on

Page 2

JEA

continued on

Page 4

Subdivision with 117 homes planned for North Jacksonville Interstate Center Drive PUD near Highlands Elementary goes before City Council LUZ today. By Andrew Warfield Associate Editor A proposed single-family subdivision in North Jacksonville is scheduled to be presented to the City Council Land Use and Zon-

Public

ing Committee today. Corner Lot Development Group is planning a 117-home, singlefamily project on 35.31 acres on the west side of Interstate Center Drive, north of Clark Road and south of Monaco Drive South.

legal notices begin on page

8

The project name is Interstate Center Development. The site is just south of Highlands Elementary School. A site plan included in the ordinance shows a single entrance off Interstate Center Drive with no additional access points. The plan shows no amenity center. The developer is seeking to rezone the property, owned by the Diocese

of St. Augustine, from Residential Low Density-60 and Planned Unit Development districts to Planned Unit Development. It will include 7.48 acres of passive open space, 1.11 acres of active recreation area and 4.61 acres of public/private right-ofway. The project planner and engineer is Connelly & Wicker. George

Published

for

27,388

Leone of Corner Lot Development declined to provide additional details about the project. The hearing date before Planning Commission is scheduled for March 8, followed by the first hearing by City Council on March 13. awarfield@jaxdailyrecord.com @andrewfwarfield (904) 356-2466

consecutive business days


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
02 21 18 fndr by Daily Record & Observer LLC - Issuu