City of Jacksonville Finance Committee Agenda 2026-06-02
City advances land option with University of Florida
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Description
Jacksonville moved to approve a Memorandum of Option to convey a 2.04-acre downtown parcel, partially improved with a parking lot, to the University of Florida under an existing redevelopment agreement. The transfer will reduce the City’s maximum indebtedness in that agreement by $5 million.
Contract Details
Contract Amount
Reduction of City’s maximum indebtedness by $5,000,000 under prior redevelopment agreement
Vendor
UNIVERSITY OF FL
Agency
City of Jacksonville, FL
Contract Type
FACILITIES
Document Date
June 2, 2026
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