City of Jacksonville Awards $20,000,000 Grant Contract to Otto Aviation (June 2025)
City of JacksonvilleCity · Jacksonville, OR- Disclosed value
- $20,000,000
- From meeting minutes
- Approved
- Jun 3, 2025
- Term
- 20 year
The 30-second brief
The City authorizes an Economic Development Agreement with Otto Aviation Group, LLC, supporting the creation of a company headquarters & manufacturing facility within the city. This involves a 20-year Recapture Enhanced Value (REV) Grant not to exceed $20,000,000 contingent upon meeting specific investment and job creation targets.
Otto Aviation holds this grant contract with City of Jacksonville. Its other public contracts on record include work for Duval County.
Term as filed: 20 year.
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Contract details
- Contract type
- Grant
- Amount
- $20,000,000
- Document date
- June 3, 2025
- Term
- 20 year
- Vendor
- Otto Aviation
- Agency
- City of Jacksonville
- Source document
- city-of-jacksonville-meeting-minutes-2025-06-03_15e.pdf (Meeting Minutes)
Otto Aviation's other public contracts
More City of Jacksonville contracts
Questions about this contract
Who was awarded the grant contract by City of Jacksonville?
Otto Aviation was awarded this grant contract by City of Jacksonville, as recorded on June 3, 2025. The contract value is $20,000,000.
How much is the Otto Aviation contract with City of Jacksonville worth?
The Otto Aviation contract with City of Jacksonville is valued at $20,000,000, covering grant work.
What type of contract is this?
This is a Grant contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in city-of-jacksonville-meeting-minutes-2025-06-03_15e.pdf (Meeting Minutes), dated June 3, 2025 from City of Jacksonville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Otto Aviation hold?
Otto Aviation 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 City of Jacksonville currently buying?
Explore City of Jacksonville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.