Ordinance Approves Return of $8M from University of Florida Land Acquisition Account to General Fund Operating Reserves for 801 W. Bay Street Property

• When: 2025/08/12
• Address: 801 W. Bay Street, Jacksonville, Florida
• City: Jacksonville
• State: Florida
• Category: City Properties
• Subcategory: Property Repurposing
• Asset Class: Land
• Size (Dollars): $8,000,000

Ordinance 2025-530 appropriates $8,000,000 from the University of Florida Health and Financial Technology Graduate Education Center - Land Acquisition Cost Account to the Special Council Reserve - Cash Carryover Account. This funding was originally appropriated by Ordinance 2025-135-E for the direct purchase of the property located at 801 W. Bay Street. The purpose of the current appropriation is to return these funds to the General Fund Operating Reserves. This action is requested for one cycle emergency passage to ensure the funds are not transferred or expended for purposes other than their original intent, which did not materialize.

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