OTHERAPPROVED

School concurrency mitigation agreement with Worthy Investment LLC

The School District of Nassau County and the City of Fernandina Beach entered into a Public School Concurrency Proportionate Share Mitigation Agreement with Worthy Investment LLC for the Beech and S. 4th Street residential project. Worthy Investment LLC will pay $44,109.00 in a one-time mitigation payment to fund additional school capacity, with the amount credited against future Educational System Impact Fees.

Status
APPROVED
Document date
June 12, 2025
Contract type
OTHER
Vendor
Worthy Investment Llc
Agency
Nassau County School District · FL

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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
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
$44,109.00 (i.e., $5,513.63 per each of eight non-vested dwelling units)
Contract type
OTHER
Contract term
One-time proportionate share mitigation payment due as a condition precedent to issuance of Certificate of Concurrency; agreement terminates if development permit not approved within 180 days of Effective Date or if Certificate of Concurrency expires
Renewal
One-time mitigation obligation tied to the development; the agreement can terminate and payment be refunded if the City fails to approve the development permit within 180 days of the Effective Date or if the Certificate of Concurrency expires. No recurring renewals are contemplated.
Document type
Agreement
Source document
Nassau County School District Public School Concurrency Proportionate Share Mitigation Agreement 2025-06-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Nassau County School District?

Worthy Investment Llc was awarded this government contract by Nassau County School District, as recorded on June 12, 2025. The contract value is $44,109.00 (i.e., $5,513.63 per each of eight non-vested dwelling units).

How much is the Worthy Investment Llc contract with Nassau County School District worth?

The Worthy Investment Llc contract with Nassau County School District is valued at $44,109.00 (i.e., $5,513.63 per each of eight non-vested dwelling units).

What type of contract is this?

This is a government contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Nassau County School District Public School Concurrency Proportionate Share Mitigation Agreement 2025-06-12 (Agreement), dated June 12, 2025 from Nassau County School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Worthy Investment Llc hold?

Worthy Investment Llc 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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What is Nassau County School District currently buying?

Explore Nassau County School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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