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City of Jacksonville Awards $5,000,000 Loan Contract to Vestcor Companies (November 2023)

City of Jacksonville logoCity of Jacksonville
Disclosed value
$5,000,000
From minutes
Approved
Nov 20, 2023
Term
17 years

The 30-second brief

What it covers

City approves $5M development loan for Vestcor Companies Inc. to construct a 240-unit affordable housing community at 8300 Merrill Road, with a 17-year term and 1% interest.

Who holds it

Vestcor Companies holds this loan contract with City of Jacksonville. Its other public contracts on record include work for Duval County.

What happens next

Term as filed: 17 years.

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Contract details

Contract type
Loan
Amount
$5,000,000
Document date
November 20, 2023
Term
17 years
Vendor
Vestcor Companies
Agency
City of Jacksonville
Source document
city_of_jacksonville_rules_committee_meeting_minut.pdf (Minutes)

Vestcor Companies's other public contracts

Duval County, Floridaduval-county-agenda-2024-10-08_984.pdf · Oct 8, 2024$5MCity of Jacksonville, FloridaVestcor Companies Receives $5M Development Loan · Nov 1, 2022$5MDuval County, FloridaJacksonville Authorizes Economic Development Agreement · Oct 25, 2022$5MCity of Jacksonville, FloridaVestcor Companies to get $5M development loan · Oct 25, 2022$5MCity of Jacksonville, FloridaJacksonville Considers $5M Loan for Vestcor Development · Oct 17, 2022$5MAll Vestcor Companies contractsVendor profile

More City of Jacksonville contracts

St. Johns River Water Management DistrictJacksonville Approves Pablo Creek Management Agreement · Oct 13, 2026UndisclosedJUJacksonville Authorizes Direct JU River Report Agreement · Oct 13, 2026$111.2KTori Meadows LtdJacksonville Authorizes $2.8 Million Tori Meadows Loan · Oct 13, 2026$2.8MSt. Johns River Water Management DistrictJacksonville Proposes Pablo Creek Management Agreement With SJRWMD · Oct 13, 2026UndisclosedTori Meadows LtdJacksonville Proposes $2.8 Million Affordable Housing Loan · Oct 13, 2026All City of Jacksonville activityAgency profile

Questions about this contract

Who was awarded the loan contract by City of Jacksonville?

Vestcor Companies was awarded this loan contract by City of Jacksonville, as recorded on November 20, 2023. 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 loan work.

What type of contract is this?

This is a Loan contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city_of_jacksonville_rules_committee_meeting_minut.pdf (Minutes), dated November 20, 2023 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.

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