NCSPHS SUBSTITUTE

Finance Committee · 2026-06-02 · agenda_item

The City of Jacksonville's Finance Committee is reviewing a proposal that would authorize the Chief of the Real Estate Division to negotiate and purchase interests in 17 identified parcels of real property. Offers can be made up to 25% above appraised value, with up to $100,000 allowed for business damages, separate from legal and professional fees. The Chief is also authorized to negotiate and pay for attorneys' fees and costs. If negotiations fail, the Office of General Council may begin legal proceedings to acquire properties through condemnation. This item is currently pending review. This process could involve site acquisition, legal services for property owners, and potentially surveying and appraisal services. Contractors, suppliers, and service providers interested in future work related to property acquisition and potential development should engage early to understand the project's scope as it moves through the review process.

parcels

17

business damages

100,000 $

settlement limitations

50,000 $