City Council

Item 68: Transfer of Ballpark District Chilled Water Franchise from JMIR-Chilled Water\nLLC to Cordia Growth LLC.\nTotal Estimated Cost of Proposed Action and Funding Source:\nUnder the terms of the agreement, the grantee would continue to pay the city a Franchise\nFee equal to five percent (5%) of gross receipts. Historically, this revenue has equated to\napproximately $97,000 in annual revenue. There is no expenditure commitment by the\ncity in this franchise agreement.\nCouncil District(s) Affected: 3.\nProposed Actions:\nAdopt the following Ordinance that was introduced on 4/22/2025, Item 626, (Council\nvoted 9-0):\n(O-2025-115)\nOrdinance authorizing the transfer of ownership of JMIR Chilled Water, LLC to Cordia\nGrowth, LLC, for purposes of the franchise granted to JMIR Chilled Water, LLC by\nOrdinance No. O-19489 to construct, maintain, and use pipes and appurtenances in streets\nof the City to provide temperature controlled water services for heating and cooling\nbuildings and facilities within the Ballpark District.\n6 votes required pursuant to Charter Section 103.\nCommittee Actions Taken: N/A\nDepartment of General Services: Megan Ong, (619) 236-7077\nCity Attorney Contact: Frederick M. Ortlieb