ORD Declaring that Certain Parcel of Real Property Located at 851 N Market St, Jax, FL 32202 Known Generally as the Armory Building (R.E. # 074384-0100 (Portion)) in Council Dist 7, to Be Surplus to the Needs of the City; Apv & Auth the Mayor or Her Desig & Corp Sec to Execute & Deliver a Purchase & Sale Agrmt btwn the City & Armory Redevelopment Associates, LLC & All Deeds & Closing Docs Relating Thereto, & Otherwise Take All Necessary Action to Effectuate the Purposes of the Agrmt, for the Conveyance of the Property to the Purchaser for a Purchase Price of $2,890,251.36; Waiving Sec 122.424 (Disposition for Direct Sale), Pt 4 (Real Property), Ch 122 (Public Property), Ord Code, to Allow for Conveyance of the Property to the Purchaser; Waiving Sec 122.425 (Disposition by Auction or Sealed Bid), Pt 4 (Real Property), Ch 122 (Public Property), Ord Code, to Allow for Conveyance of the Subject Property to the Purchaser; Prov for Oversight of the Transfer of the Property to Purchaser by the Real Estate Div of the Public Works Dept in Coordination with the OED; Prov Oversight of the Property Thereafter by the OED (Sawyer) (Req of Mayor) (Co-Sponsor CM Johnson) 11/25/25 CO Introduced: NCSPHS, R, F 12/1/25 NCSPHS Read 2nd & Rerefer 12/2/25 F Read 2nd & Rerefer 12/1/25 R Read 2nd & Rerefer 12/9/25 CO PH Read 2nd & Rerefer 1/5/26 NCSPHS Substitute/Approve 5-1 (Gay) 1/5/26 R Substitute/Approve 7-0 1/6/26 F Substitute/Approve 6-0 Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 12/9/25

This ordinance declares an approximate 2.49-acre portion of the real property at 851 N Market St, Jacksonville, FL 32202 (known as the Armory Building, R.E. # 074384-0100) as surplus to the City's needs and authorizes its sale to Armory Redevelopment Associates, LLC for a purchase price of $3,044,050.70.

Key Provisions & Waivers:

• Sale Authorization: Approves and authorizes the Mayor to execute a Purchase and Sale Agreement for the property.
• Waiver of Sale Procedures: Waives Section 122.424 (direct sale) and Section 122.425 (auction or sealed bid) of the Ordinance Code to allow for this direct conveyance. This is due to the purchaser's previous redevelopment agreement for the property.
• CDBG Fund Repayment: Waives Subsection 122.421(i) to allow $496,537.10 of the purchase price to be deposited into the Community Development Block Grant (CDBG) Fund. This repays CDBG funds previously disbursed to the purchaser (Ordinance 2020-246-E) for Armory repairs, as the prior redevelopment agreement was terminated.
• Restrictive Covenants: The deed includes covenants running with the land, prohibiting conveyance or lease to a tax-exempt entity, and restricting the grantee from conveying the property for three years (with an exception for lender foreclosure).

Background: The City and Armory Redevelopment Associates, LLC previously had a lease and redevelopment agreement (Ordinance 2020-591-E, amended by 2022-767-E) for renovating the Armory into a mixed-use facility. This agreement was terminated due to the purchaser's inability to secure financing, and the City resolved title issues and an unopened Right-of-Way during the process. The sale aims to eliminate blight and create job opportunities.

The sale of the Armory Building property is intended to facilitate redevelopment, which could lead to elimination of blight and new job opportunities in Council District 7. It also ensures the repayment of $496,537.10 in previously disbursed Community Development Block Grant funds to the City.

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