OTHERAMENDED

City of Jacksonville Finance Committee Meeting Minutes 2026-06-02

City Approves Option for Downtown Parcel Transfer to UF

City will convey 2.04 acres (appraised value reduced max City indebtedness by $5M)City of JacksonvilleUNIVERSITY OF FLJune 2, 2026

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Description

Jacksonville approved an amended option agreement for the conveyance of a 2.04-acre city-owned downtown parcel to the University of Florida, subject to prior redevelopment terms reducing the City’s indebtedness by $5 million. Technical changes and clarifications were included in the approved amendment.

Contract Details

Contract Amount

City will convey 2.04 acres (appraised value reduced max City indebtedness by $5M)

Vendor

UNIVERSITY OF FL

Agency

City of Jacksonville, FL

Contract Type

OTHER

Document Date

June 2, 2026

Renewal Info

Parcel was authorized to be conveyed under terms of previous agreements; this amendment clarifies technical and document-related details.

Related Contracts

City of Jacksonville City Council Agenda of June 9, 2026

APPROVED

City of Jacksonville (Florida)June 9, 2026

City of Jacksonville Finance Committee Agenda 2026-06-02

PENDING

City of Jacksonville (Florida)Reduction of City’s maximum indebtedness by $5,000,000 under prior redevelopment agreementJune 2, 2026

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)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 minutesJune 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