CN-550000-ASG35-A0010200.pdf

This document is a State-Funded State Infrastructure Bank (SIB) Loan Agreement between the State of Florida Department of Transportation (the Department) and the State of Florida Department of Transportation, District II (the Borrower). 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.

The loan provides $25,906,001.00 to fund a project to widen and deepen 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 intended to support work including dredging the federal navigation channel, environmental design and construction, channel stabilization, channel widening, construction inspection, debris removal, and water quality protection structures. The loan will be repaid through Pledged Revenues, specifically the Strategic Intermodal System and Growth Management Funds, Intrastate Construction Funds, and Seaport Transportation and Economic Development Funds. The loan term is structured with no interest accruing, and repayment is scheduled over multiple fiscal years from 2019 to 2023.