CN-550000-ASG35-A0010000.pdf

This document is a State Infrastructure Bank (SIB) Loan Agreement between the State of Florida Department of Transportation and the State of Florida Department of Transportation, District II. The agreement is dated August 1, 2019, with a Catalog of State Financial Assistance (CSFA) number of 55.020 and Contract Number ASG35. The loan is associated with Financial Project Number 437356-2-A8-01, located in Tallahassee, Florida.

The loan provides $25,906,001.00 to fund a state capital outlay project involving the widening and deepening of the Jacksonville harbor ship channel under Contract B, Option A of the United States Army Corps of Engineers' Jacksonville Harbor Deepening project. The loan has a 0% financing rate and is to be repaid over multiple fiscal years (2020-2023). The project includes dredging the federal navigation channel from its current authorized depth of 40 feet to 47 feet, approximately near Buck Island, and encompasses environmental, design, construction, and related activities such as channel stabilization, surveys, temporary structures, and water quality protection. The loan proceeds will be used to fund the Department's participation in a Grant Agreement with the Jacksonville Port Authority, with disbursements made according to the Grant Agreement's requirements.