An ordinance amending Ordinance 2023-448, which authorized the conveyance of approximately 0.44 acres of City-owned land located at 301 N Laura Street to TEU Jacksonville, LLC for the development of a mixed-use project. The amendment revises the project timeline and modifies certain development requirements, including increasing the minimum required parking spaces and adjusting the timing for securing financing and commencing construction. The project is a mixed-use development planned to include residential units, commercial space, and a parking garage. The original ordinance aimed to facilitate the revitalization of downtown Jacksonville. The amendment reflects changes in market conditions and developer needs to ensure the project's viability.