City of Jacksonville Neighborhoods, Community Services, Public Health and Safety Committee Meeting Minutes 2026-06-15
City eases JU College of Law loan conditions
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Description
The committee approved a third amendment to the City’s funding agreement with Jacksonville University for its College of Law, which governs forgiveness of two $1.25 million loans. The change relaxes the enrollment requirement to a single overall enrollment benchmark of 175 students by September 30, 2027, allowing JU to qualify for loan forgiveness while maintaining other performance conditions.
Contract Details
Contract Amount
2 forgivable loans of $1,250,000 each (total $2,500,000)
Vendor
JACKSONVILLE UNIVERSITY
Agency
City of Jacksonville, FL
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
Contract Term
Enrollment condition to be demonstrated prior to 2027-09-30
Renewal Date
2027-09-30
Renewal Info
Amendment revises the performance metric for loan forgiveness; loans remain forgivable if JU reaches at least 175 total students before 2027-09-30.
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