Sec. 122.401. - General Provisions Applicable to Subparts A and B.

(a) Applicability. This Section 122.401 is applicable to Subparts A and B. (b) Title to be held by City. The title to all real property, however acquired by the City, shall be held in the name of the City to be held in trust for the use and benefit of the people of the City of Jacksonville, unless otherwise required by law. If the City acquires real property and it is recorded in the name of another person, the Mayor and Corporation Secretary are authorized to execute or to join in the execution of instruments necessary to evidence title in the City and record them in the Public Records of Duval County. Unless otherwise authorized or required by law to do so, no City agency is authorized to take title to real property in its own name or to dispose of an interest in real property in its own name. (c) Contracted Services. Within the budget established for it by the City Council annually and pursuant to Chapter 126 , Ordinance Code, the Real Estate Division may contract for real estate services, including surveys, environmental site assessments, title examinations, escrow services, and broker services. The Director of Finance and Administration is authorized to establish an account within the General Trust and Agency Funds for the following purposes: (1) Appraisal fee payments required by this Part 4 and bid security deposits, if applicable. (2) Appraisal fee payment refunds, if applicable. (d) Preservation of Records. The Real Estate Division shall establish and maintain an office in which shall be deposited and preserved all records, surveys, plats, maps, deeds and all other evidence touching the title and description of the City's real property; and all City agencies having this evidence shall transfer it to the Real Estate Division for filing and preservation. (e) Inventory. The Real Estate Division shall compile, maintain, update and periodically publish an inventory of the real estate interests owned by the City in fee simple. The inventory shall state, with respect to each parcel of real property: (1) The real estate assessment number assigned by the Property Appraiser. (2) The name of the agency to which the property has been allocated for management and the use to which the real property is being put by the managing agency. (3) The assessed value of the real property or, if an appraisal is available, the appraised value. (4) Other information deemed useful by the Real Estate Officer. Leaseholds, use agreement, and other lesser interests need not be included in the inventory. The Real Estate Division is authorized to conduct, purchase or contract for surveys, maps and other necessary services and materials in order to compile an accurate inventory. All City agencies will cooperate with and assist the Division in the compilation, maintenance and updating of the real property inventory under this Section. (f) Notice concerning certain closings. The Real Estate Division shall provide written notice to all City Council Members before closing any real estate transaction with an assessed value of more than $50,000 and less than $100,000. The notice shall contain the address and real estate number of the real property, the City Council district in which the property is located, the assessed value of the property, the purchase price of the real property and any other appropriate information. All transactions with a present assessed value of $100,000 or more, or an appraised value of $100,000 or more if an appraisal was obtained, or transactions of heightened public concern as determined by the administration, require prior approval of the City Council. (g) Office of General Counsel. The Real Estate Division shall not execute any legal document imposing rights or obligations on the City until the Office of General Counsel has approved the document for legal form and legality. (Ord. 2018-871-E , § 2) Editor's note— Ord. 2018-871-E , §§ 1 and 2, amended the Code by repealing § 122.401, and adding a new § 122.401. Former 122.401 pertained to acceptance of certain real property interests by Mayor, and derived from real property acquisitions and administration, and derived from Ord. 70-650-526; Ord. 71-397-181; and Ord. 83-591-400.