AMENDMENT

Finance Committee · 2026-08-19 · agenda_item

The City of Jacksonville Finance Committee is reviewing an amendment related to a real estate purchase agreement. This involves acquiring property for a construction project anticipated for completion in 2030. The acquisition may involve negotiated sales or eminent domain, with offers allowed up to 25% above appraised value and up to $100,000 for business damages. This item is currently pending review. The project will likely involve site acquisition, legal processes, and eventually construction, which could include site clearing, grading, utility work, paving, building construction, and landscaping. Contractors, suppliers, and service providers should consider reaching out early to understand the project's scope and potential needs before final plans and permits are established.

affected parcels

53

offers above appraised value

25 %

business damages

100,000 $

settlement limitations

50,000 $