AMENDMENT

Neighborhoods, Community Services, Public Health and Safety Committee · 2026-05-18 · agenda_item

The Kappa Alpha Psi Foundation Jacksonville, Incorporated is proposing to amend an existing Economic Development Agreement. This amendment would extend the project completion date by two years, to March 31, 2028, and reduce the required minimum capital investment from $7,500,000 to $7,000,000. The project involves the construction and opening of a community enrichment and healthcare facility located at 3717 Moncrief Road West. This item is currently pending review by the Neighborhoods, Community Services, Public Health and Safety Committee. The project scope would involve site preparation, construction of a new facility, and related infrastructure work. Contractors, suppliers, and service providers interested in future work should consider reaching out to the applicant early, as this project is in its early planning stages before final bids and permits are established.

minimum capital investment

7,000,000 $

minimum capital investment

7,500,000 $

project completion date

3 years

project completion date

31 months

project completion date

2028 years

project completion date

2026 years

project completion date

2025 years

Economic Development Fund grant

500,000 $