Agenda
Tuesday, May 26, 2026ORD Making Certain Findings & Auth the Borrowing & Approp from the City’s Commercial Paper Facility in the Amt of $1,000,000, to Prov an Up to $1,000,000, 3 Yr Term, 2.0% Interest Loan to the JHA to Fund the Demolition of Downtown East Apartments (f/k/a Franklin Arms Apartments) & Related Onsite Environmental Remediation Work; Prov for Carryover of Funds to FY 26-27; Amend 2025 504-E, the FY 25-26 Budget Ord, to Replace the Revised Schedule B4 in Order to Auth the Borrowing &/or the Issuance of Debt for the “Downtown East Apartments Demolition” Proj; Auth the City to Enter Into an Agrmt with JHA to Prov the Loan as Further Detailed Therein; Invoking the Exemption of 126.108(G) (Exemptions From Competitive Solicitation), Ch 126 (Procurement Code), Ord Code, to Direct Contract with JHA; Prov for Oversight of the Agrmt by the Finance Depart (Wilson) (Introduced by CM Boylan) 5/26/26 CO Introduced: NCSPHS, R, F Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 6/9/26 — 2026-457 Original Bill — City Council (2026-05-26)
Jacksonville city, Duval County, Florida
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The City Council introduced an ordinance to borrow $1,000,000 for demolishing a dangerous apartment complex. This loan will fund removal of a building with safety problems and create affordable senior housing.
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