Daily Record Financial News &
35¢
Tuesday, May 8, 2018
Vol. 105, No. 122 • One Section
www.jaxdailyrecord.com
JU: Big projects, $125M in bonds
Special to the Daily Record
Jacksonville University’s proposed Welcome Center is part of the “Jacksonville University Project” that will be funded by a $125 million bond issue.
University seeking money to pay for new programs, facilities at its Arlington campus.
Jacksonville University is preparing for a $125 million bond issue to continue projects to advance programs at its Arlington campus.
A hearing is scheduled at noon Wednesday by the Higher Educational Facilities Financial Authority to consider adoption of a resolution that authorizes issuance of the bonds. The authority would issue Educational Facilities Revenue Bonds not to exceed $125 million. “This bond issuance is a customary way higher education and health care organizations fund this type of ‘next step’ growth,” said Margaret Dees, senior vice
Cooper, Dearing to become judges without opposition on August ballot One seat on 4th Circuit bench to be decided by voters. By Max Marbut Associate Editor
Cooper
With no other candidates filed as of the Friday deadline, Katie Dearing and Collins Cooper will be elected judges in the 4th Judicial Circuit on Aug. 28 in the statewide primary election. Dearing is a private practice attorney who will become president of the Jacksonville Bar Association on July 1. She will succeed her fatherin-law, Circuit Judge Peter Dearing, who reached the mandatory
retirement age for judges in 2016 after being re-elected to a sixyear term in 2012. Also to be elected without opposition is Collins Cooper, a 4th Judicial Circuit assistant state attorney. He is the son of civil attorney William Cooper and Senior Circuit Judge Mallory Cooper. One seat on the 4th Circuit bench will be decided by voters when Charles McBurney and
Public
legal notices begin on page
Dearing
7
Maureen Horkan face each other on the August ballot. McBurney is managing partner in The Law Offices of Charles McBurney Jr. and a former member of the state House of Representatives. Horkan is a family law attorney at the Jason K.S. Porter law firm. Eleven incumbent judges in the circuit will be re-elected in August without opposition: Suzanne Bass, Thomas Beverly, Kevin Blazs, Mark Borello, Karen Cole, Robert Dees, John Guy, Don Lester, Eric Roberson, Steven Whittington and Gary Wilkinson. mmarbut@jaxdailyrecord.com (904) 356-2466
president of enrollment and communications. Dees said Monday that for the past five years, JU has experienced “tremendous growth in new and existing academic programs as well as investment of nearly $40 million into our campus facilities.” JU President Tim Cost took the helm in 2013. “These investments are designed to JU Bond Issue
continued on
Page 3
Hair care firm seeks $450,000 in incentives to create 150 jobs Mayor’s Budget Review Committee sends “Project Blaze” to City Council. By Max Marbut Associate Editor A Midwest-based manufacturer of hair care products wants to expand its operations into the Southeast and is seeking up to $450,000 in city and state incentives to open in Jacksonville. The Mayor’s Budget Review Committee agreed Monday to send to City Council the proposal, code-named “Project Blaze.” Office of Economic Development Director Kirk Wendland said, if approved, the company would
Published
for
27,442
move into a 170,000-square-foot space at EastPark business park in South Jacksonville. He said 150 jobs would be created with an average annual salary of $50,000. The state would contribute 80 percent of the incentive, up to $360,000 at $2,400 per job, through the Qualified Target Industry Tax Refund program. The city would contribute 20 percent of the incentive, $600 per job, up to $90,000. “Our exposure is very low,” Wendland said. The proposal will be drafted and submitted to council by May 22. mmarbut@jaxdailyrecord.com (904) 356-2466
consecutive business days