AMENDMENT

Finance Committee · 2026-06-02 · agenda_item

The City of Jacksonville Finance Committee is reviewing an amendment related to a parcel of land. This parcel was acquired by the City through a property exchange. The City is now authorized to convey this parcel to the University of Florida. This conveyance is subject to the terms of a Redevelopment Agreement. The agreement will reduce the City's maximum indebtedness by $5 million. This item is currently pending review. The work associated with this item is primarily administrative and legal, involving the amendment of technical descriptions and correction of scrivener's errors. No construction or site work is described. Local businesses specializing in legal services and potentially financial advisory services could be involved in the review and processing of these amendments and agreements. Engaging early could provide an advantage as the details of the conveyance and financial adjustments are finalized.

indebtedness reduction

5 million dollars