Issue: Soccer complex expansion
What it means: The council is being asked to allot $1.5 million to add fields and other improvements to Patton Park, a popular soccer complex on Hodges Boulevard. The fields are maintained and operated by the First Coast Soccer Association on city-owned land. The money to be spent includes $500,000 previously committed by a developer.
Bill No. 2011-188
Action: Approved
Issue: City pension investments
What it means: Trustees of the general employee pension system want permission to invest up to 10 percent of the fund in "alternative" investments that could include hedge funds and private equity funds. Skeptics warn that hedge funds can carry extra risks, including uncertainty about what an investment is really worth.
Bill No. 2011-108
Action: Postponed to June 14
Issue: Park land swap
What it means: The council was asked to approve trading about 12 acres of city-owned land at Old Middleburg Road and Argyle Forest Boulevard for about 80 acres owned by land investment company AFI Associates. The city wants to build a regional park on the larger property.
Bill No. 2011-295
Action: Approved
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