Deerfield Beach City Commission Meeting Agenda May 2026
City Weighs $1 Million Loan for Museum Exhibits
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Description
Deerfield Beach commissioners will consider approving a loan agreement to provide a $1,000,000 short-term loan to New World Aquarium, Inc., affiliated with the Museum of Discovery and Science, for Nature Center exhibits in the city. The loan would be secured by a gift agreement with JM Family Enterprises, Inc. and funded from multiple City accounts.
Contract Details
Contract Amount
$1,000,000.00
Vendor
NEW WORLD AQUARIUM INC
Agency
HOUSING AUTHORITY OF THE city OF DEERFIELD BEACH, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 5, 2026
Contract Term
Short term loan; specific maturity not stated
Renewal Info
Short term loan; detailed repayment schedule and maturity date to be defined in the loan agreement, which is not specified in the agenda summary.
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