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$5 Million Development Loan for Vestcor Companies Inc

Duval County logoDuval County
Disclosed value
$5,000,000
From agenda
Document date
Oct 31, 2022
Term
17 years

The 30-second brief

What it covers

Jacksonville City Council is considering a $5 million development loan to The Vestcor Companies Inc. for the construction of a 240-unit apartment community located at 8300 Merrill Road. The loan will have a 17-year term with 1% interest per year.

Who holds it

VESTCOR holds this development loan contract with Duval County. Its other public contracts on record include work for Downtown Investment Authority (DIA) and Escambia County Housing Finance Authority.

What happens next

Term as filed: 17 years.

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Contract details

Contract type
Development Loan
Amount
$5,000,000
Document date
October 31, 2022
Term
17 years
Vendor
VESTCOR
Agency
Duval County
Source document
jacksonville-rules-committee-agenda-october-31-2022_886.pdf (Agenda)

VESTCOR's other public contracts

Downtown Investment Authority (DIA), FloridaDIA extends Vestcor loan for Lynch and Carling · Mar 18, 2026Downtown Investment Authority (DIA), FloridaDIA Grants Six-Month Loan Extension To Vestcor · Feb 18, 2026Escambia County Housing Finance Authority, FloridaVestcor Pursues Tax Credits for Olive Road Project · Sep 9, 2025UndisclosedDowntown Investment Authority (DIA), FloridaDIA approves LaVilla land exchange with Vestcor · Aug 20, 2025UndisclosedDowntown Investment Authority (DIA), FloridaDIA Approves LaVilla Land Exchange with Vestcor · Aug 20, 2025UndisclosedAll VESTCOR contractsVendor profile

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Acon Construction CompanySmall Parks Design-Build Forecast for ACON Construction · Aug 3, 2026UndisclosedC&es Consultants IncJSEB City Inspection Forecast for C&ES Consultants · Aug 3, 2026UndisclosedAlmond Engineering PaPedestrian Design Services Forecast for Almond Engineering · Aug 3, 2026UndisclosedHaskell CompanyArchitecture Engineering Forecast for Haskell Company · Aug 3, 2026UndisclosedOsiris 9 Consulting LLCPlanned Roadway Design Contract for Osiris 9 · Aug 3, 2026UndisclosedAll Duval County activityAgency profile

Questions about this contract

Who was awarded the development loan contract by Duval County?

VESTCOR was awarded this development loan contract by Duval County, as recorded on October 31, 2022. The contract value is $5,000,000.

How much is the VESTCOR contract with Duval County worth?

The VESTCOR contract with Duval County is valued at $5,000,000, covering development loan work.

What type of contract is this?

This is a Development Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in jacksonville-rules-committee-agenda-october-31-2022_886.pdf (Agenda), dated October 31, 2022 from Duval County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does VESTCOR hold?

VESTCOR may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Duval County currently buying?

Explore Duval County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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