FACILITIESAPPROVED

City of Jacksonville Neighborhoods, Community Services, Public Health and Safety Committee Meeting Minutes 2026-06-01

City OKs Land Option With University of Florida

Reduces City’s maximum indebtedness under prior redevelopment agreement by $5,000,000 via conveyance of parcel; no direct purchase price stated for option in minutesCity of JacksonvilleUNIVERSITY OF FLJune 1, 2026

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Description

The City authorized a Memorandum of Option to convey a 2.04-acre City-owned parking lot, known as the Additional Convention Center Parcel, to the University of Florida. Under the existing redevelopment agreement, this conveyance will reduce the City’s maximum indebtedness by $5 million.

Contract Details

Contract Amount

Reduces City’s maximum indebtedness under prior redevelopment agreement by $5,000,000 via conveyance of parcel; no direct purchase price stated for option in minutes

Vendor

UNIVERSITY OF FL

Agency

City of Jacksonville, FL

Contract Type

FACILITIES

Document Date

June 1, 2026

Renewal Info

One-time conveyance option tied to existing 2025-395-E Redevelopment Agreement; no renewal contemplated.

Related Contracts

City of Jacksonville Neighborhoods, Community Services, Public Health and Safety Committee Agenda 2026-06-01

PENDING

City of Jacksonville (Florida)Reduces City’s maximum indebtedness under related Redevelopment Agreement by $5,000,000June 1, 2026

City of Jacksonville Neighborhoods, Community Services, Public Health and Safety Committee Meeting Minutes 2026-06-01

APPROVED

City of Jacksonville (Florida)City reduces maximum indebtedness under existing redevelopment agreement by $5,000,000 via conveyanceJune 1, 2026

Issuing Agency