Notice is hereby given that the City Council Committee of the Whole will meet on Thursday, June 12, 2025, at 11:30 a.m. through 1:30 p.m. in the Council Chamber, 1st Floor, City Hall, St. James Building, located at 117 West Duval Street, Jacksonville, Florida. The purpose of this Committee of the Whole meeting is to address pending legislation 2025-396 from the Committee of the Whole meeting on Monday, June 2, 2025:
2025-396: ORD-MC Making Certain Findings & Auth the Mayor, or Her Desig, to Execute: (1) a Redev Agrmt Among the City, DIA, & the University of FL Brd of Trustees, which Redev Agrmt Provs for the Conveyance to Developer of 3 Parcels of City-Owned Real Propty Comprised of an ± 2.85 Acre Site of Improved Real Propty Owned by the City Having an R.E. # of 074487 0010; an ± 2.36 Acre Parcel of Unimproved Land Comprised of R.E. # 074487 0020 (the Site A Parcel), & an ± 1.22 Acre Parcel of Unimproved Land Comprised of R.E. # 074836 0000, 074837 0000, 074838 0000, 074839 0000 & 074840 0000 (the Site B Parcel), All at No Cost to Developer; the Redev Agrmt Also Auth an Option to Purchase ± 14.38 Acres of City-Owned Real Propty (Excluding the Historical Train Station Parcel), Comprised of a Portion of R.E. # 074887 0000 (the Convention Center Parcel) at No Cost, & Also Auth an Option to Purchase an ± 2.13 Acre Site of City-Owned Real Propty Comprised of a Portion of R.E. # 074887 0000 (the Train Station Parcel), with Said Options to be Exercised No Sooner Than 5 Yrs from the Effective Date of the Redev Agrmt & Exp 20 Yrs Thereafter; Upon Acquisition of the Proj Parcels the Redev Agrmt Contemplates the Design & Construction of a University of FL Jax Campus by Developer, Comprised in Pt of the Renovation of an Existing 39,000 sq ft Bldg, the Construction of a Mini 60,000 & 20,000 sq ft Class A Education Space (or a Minimum 80,000 Square Foot Building) (Collectively, the Site A/B Improvements”); if the Option is Exercised by the Developer, the Convention Ctr Parcel will be Conveyed to the Developer at No Cost, & the Initial Convention Ctr Improvements Shall Include a Mini of a 40,000 sq ft Class A Building, with a Conceptual Master Plan for Dev of the Entire Site; if Exercised by Developer, the Train Station Parcel Option will Auth a Conveyance Thereof to the Developer & Requires a Mini Investment of $5,000,000 in Improvements Relating Thereto, All on the Northbank of the St. Johns River within the Downtown West Northbank Downtown CRA (Collectively, the Project); (2) a Quitclaim Deed Conveying the
Respective Parcels of City-Owned Land to the Developer at No Cost, which Includes a Right of Reverter & a Repurchase Right at Fair Market Value in Favor of the City; & (3) Related Docs as Set Forth in the Redev Agrmt; Auth the Funding of $50,000,000 (Tranche One) of City Funding to the Improvements, Originally Authd by Ord 2023-114-E, Consistent with & as Set Forth in the Redev Agrmt; Conf Priority of the Terms & Conditions of the Redev Over Any Conflicting Terms in the Term Sheet Previously Authd by Ord 2023-114-E; Auth the Funding of $50,000,000 (Tranche Two) of City Funding to the Improvements Consistent with & as Set Forth in the Dev Agrmt, to be Approp by Subsequent Legislation Over a 4 Yr Period; if the Option on the Convention Ctr Parcel is Authd, Auth a Disbursement of $5,000,000 to Developer, if Necessary, to Reimb for Costs Attendant to a Purchase of 3rd-Party Owned Real Propty Adjacent to the Convention Ctr Parcel; Designating the DIA as Contract Monitor for the Redev Agrmt; Prov for City Oversight of the Proj by the DIA; Auth the Execution of All Docs Relating to the Above Agrmts & Transactions, & Auth Technical Changes to the Docs; Waiving Sec 118.107 (Nonprofits to Receive Funding Thru a Competitive Evaluated Award Process), Pt 1 (General Provisions), Ch 118 (City Grants), Ord Code, to Direct Contract with the University of FL Brd of Trustees (Sawyer) (Req of DIA)
5/27/25 CO Introduced: COTW
Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 6/10/25