OTHERPENDING

City of Tallahassee and Florida State University Board of Trustees Agreement March 2026

City to convey hospital assets to FSU Board

$1,000.00 transaction fee; thirty annual payments (amount not stated); at least $100,000,000.00 for facility upgrades; at least $150,000,000.00 for academic health operationsFlorida BOG |Facilities CommitteeFLORIDA STATE UNIVERSITY BOARD OF TRUSTEESMarch 1, 2026

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Description

The City of Tallahassee plans to transfer hospital-related real estate and assets to the Florida State University Board of Trustees in exchange for a transaction fee, thirty annual payments, and at least $250 million in facility and academic health investments. The agreement restricts property use to hospital and healthcare purposes and allocates specific closing costs between the parties.

Contract Details

Contract Amount

$1,000.00 transaction fee; thirty annual payments (amount not stated); at least $100,000,000.00 for facility upgrades; at least $150,000,000.00 for academic health operations

Vendor

FLORIDA STATE UNIVERSITY BOARD OF TRUSTEES

Agency

Florida BOG |Facilities Committee, FL

Contract Type

OTHER

Document Date

March 1, 2026

Contract Term

Thirty annual payments starting on the Closing Date

Renewal Info

Thirty annual payments commence on the Closing Date; additional substantial capital and operational investments are committed but may be contingent on annual state appropriations. No automatic renewal or extension beyond the stated payment schedule is described.

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