RULES AMENDMENT

Finance Committee · 2026-05-19 · agenda_item

The Finance Committee of the City of Jacksonville is reviewing amendments to a funding agreement for Track Improvements. This project involves the planning, design, and permitting of a NCAA-compliant 400-meter track and walking path. The original approval was for a Living, Learning Community Center, but the scope has been revised to focus solely on the track and path. The City's funding, not to exceed $2,000,000, will be provided on a reimbursement basis and is contingent on project completion by December 31, 2028. Public Works will oversee the funding agreement. This item is currently under review by the Finance Committee. The project will involve site clearing and grading, underground utility work, paving for the track and walking path, and final landscaping. Contractors specializing in site preparation, grading, paving, and general construction could find opportunities. Suppliers of construction materials and related services may also be involved. Early engagement is advised as plans and permits are still being finalized.

funding limit

2000000 $

completion deadline

12/31/28

retainage

10 %

term of use agreement

10 years

minimum annual wellness events

4

revised minimum annual wellness events

6

minimum annual wellness events for 5 years

4