City of Jacksonville Rules Committee Agenda 2026-06-01
City To Loan $1M to JHA for Downtown East Demo
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Description
Jacksonville plans to extend an up to $1,000,000, three-year loan at 2% interest to the Jacksonville Housing Authority to demolish the Downtown East Apartments and perform environmental remediation. The loan will be funded through the City’s commercial paper facility under a competitive procurement exemption, with Finance Department oversight.
Contract Details
Contract Amount
Up to $1,000,000 loan at 2.0% interest
Vendor
JHA
Agency
City of Jacksonville, FL
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
3-year term
Renewal Info
Three-year loan term from execution; direct-contract loan authorized under Sec. 126.108(G) exemption. No renewal options described.
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