Bill Type and Number: Ordinance 2003-1119

Sponsor: Council Member Fullwood:

Date of Introduction: September 9, 2003

Committee(s) of Reference: F; RCDE

Date of Analysis: September 12, 2003

Type of Action: Conveyance Deadline Extension

Bill Summary: This ordinance pertains to the surplus conveyance of Lot 4, Block 109, LaVilla, Harts MAP of Jacksonville (644 Ashley Street West a/k/a Genovar’s Hall) RE#074596-0000 to Phi Beta Sigma Fraternity, Incorporated, NU Beta Sigma Chapter, extending the deadline to complete construction on the property until September 30, 2005. The bill authorizes the Mayor and Corporation Secretary to execute an agreement with the fraternity to accomplish the same.

Background Information: Ordinance 1998-821-E conveyed this property to the NU Beta Sigma Chapter of the Phi Beta Sigma Fraternity with the stipulation that if the restoration project was not completed within a specific timeframe, the property would revert to the City. This legislation extends the terms and conditions of the conveyance. If the construction of the property is not complete by September 30, 2005, the property, at the City’s option, shall revert to the City.

Policy Impact: Public Works/Real Estate

Fiscal Impact: Uncertain

Analyst: Jackson