Sec. 122.434. - Procedure for disposition of Community Development Property.

(a) No real property held or owned by the City, or the DIA acting as the Community Redevelopment Agency for community redevelopment in a community redevelopment area may be disposed of prior to advertising for other proposals, in accordance with Florida Statutes Section 163.380. Notice shall also be given to the City Council in accordance with Section 122.422 (d), Ordinance Code. No contract for sale, lease or other disposition shall be executed until at least 30 days after the date of the advertisement. (b) The advertisement for proposals shall request any other persons or entities interested in the property to submit a proposal, and shall identify the area or property to be redeveloped. The advertisement shall provide a period of at least 30 days in which to submit a proposal. The proposal shall contain details of the proposed use of the property, and shall contain information on the financial and legal ability of the persons making said proposal to carry them out, and such additional information as may be applicable in the circumstances as determined by the Executive Director of the DIA. (c) The DIA shall consider all such redevelopment or rehabilitation proposals and the financial and legal ability of the persons making such proposals to carry them out; and may negotiate with any persons for proposals for the purchase, lease, or other transfer of any real property acquired by it in the community redevelopment area. The DIA staff may provide review services, or the DIA may select other appropriate persons to assist with the review and evaluation process, for recommendation to the DIA. The DIA may accept such proposal as it deems to be in the public interest and in furtherance of the purposes of this Part. (d) A notification of intention to accept a proposal for redevelopment or rehabilitation must be filed with the City Council of the City of Jacksonville not less than 30 days prior to any such acceptance, in accordance with F.S. § 163.380. Thereafter, the DIA, acting as the community redevelopment agency, and the Mayor, may execute such contracts, and the Mayor may execute and deliver deeds, leases, and other instruments and take all steps necessary to effectuate such contracts; provided however, that where the sales price of the property to be disposed equals or exceeds the appraised value of the property and is greater than $750,000, then Council approval of the sales contract must be obtained by ordinance prior to execution of the documents by the Mayor and DIA. (e) Consistent with the notice and execution requirements set forth in subsection (d) above, the DIA is authorized to dispose of property for a sales price less than the appraised value, provided: (1) The appraised value of the property does not exceed $250,000; (2) The return on investment to the City is greater than or equal to one, as verified by the Council Auditor's Office, with ROI calculations for property dispositions that include other incentives calculated over a maximum of 20 years or the life of the incentive, whichever is greater and with stand-alone property dispositions calculated over a maximum of 20 years, with any disposition having an ROI of less than one as determined by the Council Auditors Office requiring City Council approval; and (3) The "sales price" of the property pursuant to F.S. § 163.380(2), is equal to or greater than the fair value. (f) For property having a Property Appraiser's Office market value of $25,000 or less, the DIA and Mayor, consistent with this subsection, may sell such properties irrespective of sales price. (g) The purchasers or lessees and their successors and assigns shall be obligated to devote the use of such real property only to the uses specified in the community redevelopment plan and may be obligated to comply with such other requirements as the City or the DIA may determine to be in the public interest, including the obligation to begin any improvements on such real property required by the community redevelopment plan within a reasonable time. (h) The disposal of property in a community redevelopment area which is acquired by eminent domain is subject to the limitations set forth in F.S. § 73.013. (i) The DIA may provide in any instrument of conveyance to a private purchaser or lessee that such purchaser or lessee is without power to sell, lease, or otherwise transfer the real property without the prior written consent of the DIA until the purchaser or lessee has completed the construction of any or all improvements which it has obligated itself to construct thereon. (j) Real property acquired by the City and the DIA is to be transferred as rapidly as feasible in the public interest, consistent with the provisions of the community redevelopment plan. (k) Any contract for such transfer and the community redevelopment plan, or such part or parts of such contract or plan as the DIA may determine, may be recorded in the land records of the Clerk of the Circuit Court in such manner as to afford actual or constructive notice thereof. (l) Subject to the provisions of duly enacted ordinances or otherwise directed by Council, all proceeds from the sale or disposition of public property designated in the Business Investment and Development Plan set forth in Section 55.106 (d) pursuant to this subpart that occur within Downtown, less all costs associated with such sale or disposition, shall be deposited in the Redevelopment Special Revenue Fund of the Downtown Investment Authority, as created in Section 111.640 , Ordinance Code, and shall be expended specifically for the purposes as set forth in such Section. (Ord. 2007-1267-E, § 1; Ord. 2012-364-E, §§ 4, 10; Ord. 2022-372-E , § 9)