• This bill will authorize a 10-year lease agreement with two 5-year renewal options with Cypress

Finance Committee · 2026-08-04 · agenda_item

The City of Jacksonville Finance Committee is considering a 10-year lease agreement for a new District 3 JSO substation with Cypress Jack. This lease includes two 5-year renewal options. The initial monthly rent is set at $12,666.89, with a 2.98% annual increase on the base rent. This item is currently pending review by the Finance Committee. The Sheriff's Office will need to complete a buildout of the new leased space before the current substation lease expires on November 7, 2026. This project will likely involve site preparation, interior construction, electrical, plumbing, and HVAC work, followed by finishing trades and final setup. Local contractors, trades, suppliers, and service providers should consider reaching out to the city or the Sheriff's Office early to understand the project scope and potential opportunities before final plans and permits are established.

lease term

10 year

renewal options

2 5-year

initial rental rate

12,666.89 per month

base rent

10,005.19 per month

additional rent for operating costs

2,661.70 per month

annual increase in base rent

2.98 %