FINANCIAL_SERVICESDISCUSSed

City Plans Loan And Grant Package For JAXPORT Powerline Project

Jacksonville introduced an ordinance to provide JAXPORT with a $12.5 million, 10-year loan, a $5 million revolving line of credit, and a $10 million grant to help raise the Fulton Cut Crossing power lines. The package is funded via the City’s commercial paper facility and is intended to increase the capacity of vessels calling on JAXPORT.

Document date · November 4, 2025

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$12,500,000 loan (10-year, 3.5% interest); $5,000,000 revolving line of credit; $10,000,000 grant (subject to future appropriation)
Contract type
FINANCIAL_SERVICES
Contract term
Loan term 10 years; funds carryover authorized to FY 25-26
Renewal
Loan is structured as a 10-year term at 3.5% interest with a revolving line of credit; no automatic renewal specified. Funds may carry over to FY 2025-26.
Document type
Minutes
Source document
transportation_energy_utilities_committee_meeting.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Jacksonville?

JAXPORT was awarded this financial services contract by City of Jacksonville, as recorded on November 4, 2025. The contract value is $12,500,000 loan (10-year, 3.5% interest); $5,000,000 revolving line of credit; $10,000,000 grant (subject to future appropriation).

How much is the JAXPORT contract with City of Jacksonville worth?

The JAXPORT contract with City of Jacksonville is valued at $12,500,000 loan (10-year, 3.5% interest); $5,000,000 revolving line of credit; $10,000,000 grant (subject to future appropriation), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in transportation_energy_utilities_committee_meeting.pdf (Minutes), dated November 4, 2025 from City of Jacksonville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does JAXPORT hold?

JAXPORT may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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