City Loan for Downtown East Apartments Demolition

Original title: ORD Making Certain Findings & Approp Gen Fund Debt Svc Savings in the Amt of $1,000,000, to Prov an Up to $1,000,000, 3 Yr Term, 2.0% Interest Loan to the JHA to Fund the Demolition of Downtown East Apartments (f/k/a Franklin Arms Apartments) & Related Onsite Environmental Remediation Work; Prov for Carryover of Funds to FY 26-27; Auth the City to Enter Into an Agrmt with JHA to Prov the Loan as Further Detailed Therein; Invoking the Exemption of 126.108(G) (Exemptions From Competitive Solicitation), Ch 126 (Procurement Code), Ord Code, to Direct Contract with JHA; Prov for Oversight of the Agrmt by the Finance Depart (Wilson) (Introduced by CM Boylan)(Co-Sponsor CM Peluso) 5/26/26 CO Introduced: NCSPHS, R, F 6/1/26 NCSPHS Read 2nd & Rerefer 6/1/26 R Read 2nd & Rerefer 6/2/26 F Read 2nd & Rerefer 6/9/26 CO PH Read 2nd & Rerefer 6/15/26 NCSPHS Amend/Approve 7-0 6/15/26 R Amend/Approve 6-0 6/16/26 F Amend/Approve 6-1 (Diamond) 6/23/26 CO Amend(2)(Fl)/Approve 14-1 (Diamond) Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 6/9/26

June 23, 2026

housing city budget urban development environmental remediation local government

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The Frame

What this does

This ordinance authorizes the use of $1,000,000 in city funds to facilitate the removal of a specific downtown property, bypassing standard competitive bidding requirements to contract directly with the housing authority.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Jacksonville Housing Authority

The agency receives a $1,000,000 loan and is responsible for the demolition and remediation work.

Finance Department

The department is assigned the responsibility of overseeing the loan agreement and compliance.

City taxpayers

General Fund debt service savings are being reallocated to provide this loan.

What changed

Last recorded activity June 23, 2026.

What's next

Next step not available in the current record.

Summary

The City Council has approved a $1,000,000 loan to the Jacksonville Housing Authority (JHA) to pay for the demolition and environmental cleanup of the Downtown East Apartments, formerly known as Franklin Arms. The loan will be repaid over three years at a 2.0% interest rate, with the City's Finance Department overseeing the agreement.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the money being used for?

The funds are specifically for the demolition of the Downtown East Apartments (formerly Franklin Arms) and the necessary environmental cleanup at that site.

Why is the city bypassing the competitive bidding process?

The ordinance invokes an exemption under the city's Procurement Code (Section 126.108(G)) to contract directly with the Jacksonville Housing Authority.

How will the city get the money back?

The Jacksonville Housing Authority is required to repay the loan over a three-year term at an interest rate of 2.0%.

Why It Matters

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Use of Procurement Exemptions

The ordinance explicitly invokes a procurement code exemption to bypass competitive bidding for a housing authority project, a common but notable administrative action.

Jacksonville Housing Authority City Council