Jacksonville moves $2.23M to reconcile Vestcor loans and fund retail loans

Jacksonville will move $2,233,288.22 within the Downtown Northbank CRA Trust Fund to reconcile budgets for Vestcor's Carling and Lynch 11-E loan accounts and fund the Retail Enhancement Program's forgivable-loan account. Mayor Donna Deegan approved the budget transfer on Sept. 21, 2026; the ordinance becomes effective when signed by the mayor or without her signature.

ORD Approp Interest Income, Loan Repayment Revenue, & Investment Pool Earnings Within the Downtown Economic Dev Fund to Clean Up the All Years Budget & Actuals for the Vestcor Loans Related to Carling & Lynch 11-E & to Approp Funds to the Retail Enhancement Prog Forgivable Loans Accts in the Amt of $2,233,288.22; Prov the Purpose for the Approp (Lavie) (Req of the DIA) 10/27/26 CO Introduced: F Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 11/10/26

Oct 27, 20262026-0861: ORD Approp Interest Income, Loan Repayment Revenue, & Investment Pool Earnings Within the Downtown Economic Dev Fund to Clean Up the All Years Budget & Actuals for the Vestcor Loans Related to Carling & Lynch 11-E & to Approp Funds to the Retail Enhancement Prog Forgivable Loans Accts in the Amt of $2,233,288.22; Prov the Purpose for the Approp (Lavie) (Req of the DIA) 10/27/26 CO Introduced: F Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 11/10/26Source documentPDF 1PDF 2