The proposal will be voted on by the city next month.
The Jaguars' agreed deal with the city on the parameters was presented to the Jacksonville City Council on Tuesday. The stadium project is estimated to cost $1.2 billion.
"Mayor Donna Deegan, lead negotiator Mike Weinstein, and Jaguars President Mark Lamping jointly presented a landmark stadium renovation agreement at the Jacksonville City Council meeting on Tuesday, May 14," the City of Jacksonville said in a statement.
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