City of Jacksonville Rules Committee Agenda 2026-06-01
City Loan to JHA for Downtown East Demolition
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Description
Jacksonville plans to extend a three-year, $1,000,000 loan at 2% interest to the Jacksonville Housing Authority to fund demolition and environmental cleanup at the Downtown East Apartments site. The loan draws on the City’s commercial paper facility and is authorized via direct contracting under a procurement exemption.
Contract Details
Contract Amount
Up to $1,000,000 loan at 2.0% interest for 3 years
Vendor
JHA
Agency
City of Jacksonville, FL
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
3-year term loan
Renewal Info
Three-year loan facility; any extension or modification would require further Council action.
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