2026-143 Exhibit 1 — Neighborhoods, Community Services, Public Health and Safety Committee (2026-03-02)

AI Summary

The Downtown Investment Authority passed Resolution 2025-12-01 recommending that Jacksonville City Council approve a first amendment to a redevelopment agreement with AR Polar Jacksonville, LLC. The amendment extends the deadline for AR Polar to choose between a $3,055,000 payment from the City or an approximately 59,000 square foot property (currently a retention pond) by two years, moving the deadline from March 31, 2028 to March 31, 2030. The original agreement, signed April 1, 2023, involved AR Polar conveying property to the City for a marine fire station construction...