Jacksonville Considers $5M Loan for Vestcor Development
City of JacksonvilleCity · Jacksonville, FL- Disclosed value
- $5,000,000
- From agenda
- Document date
- Oct 17, 2022
- Term
- 17 years
The 30-second brief
The City of Jacksonville is considering an economic development agreement and a $5 million development loan with Vestcor Companies, Inc. to support the development of a 12-acre site at 8300 Merrill Rd. The loan has a term of 17 years.
Vestcor Companies holds this economic development agreement & loan contract with City of Jacksonville. Its other public contracts on record include work for Duval County.
Term as filed: 17 years.
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Contract details
- Contract type
- Economic Development Agreement & Loan
- Amount
- $5,000,000
- Document date
- October 17, 2022
- Term
- 17 years
- Vendor
- Vestcor Companies
- Agency
- City of Jacksonville
- Source document
- city_of_jacksonville_rules_committee_agenda_revise.pdf (Agenda)
Vestcor Companies's other public contracts
More City of Jacksonville contracts
Questions about this contract
Who was awarded the economic development agreement & loan contract by City of Jacksonville?
Vestcor Companies was awarded this economic development agreement & loan contract by City of Jacksonville, as recorded on October 17, 2022. The contract value is $5,000,000.
How much is the Vestcor Companies contract with City of Jacksonville worth?
The Vestcor Companies contract with City of Jacksonville is valued at $5,000,000, covering economic development agreement & loan work.
What type of contract is this?
This is a Economic Development Agreement & Loan contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city_of_jacksonville_rules_committee_agenda_revise.pdf (Agenda), dated October 17, 2022 from City of Jacksonville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Vestcor Companies hold?
Vestcor Companies 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.