AMENDMENT

Finance Committee · 2026-09-15 · agenda_item

The City of Jacksonville Finance Committee is considering an amendment to an Economic Development Grant Agreement with Jax Yacht Charter, Inc. This agreement concerns the Royal Princess vessel operating from downtown Jacksonville's Southbank. The grant will help fund necessary inspections and repairs for the vessel to meet U.S. Coast Guard approval standards. The city would provide a $70,000 reimbursement grant after these improvements are finished, with a deadline of November 30, 2026. This project is currently under review. The scope of work involves vessel inspections and repairs, which could include marine contracting, specialized repair services, and potentially related equipment or material suppliers. Local contractors and service providers in marine trades, repair, and inspection services may find opportunities. Engaging early before final plans and permits are set could offer a competitive advantage.

Reimbursement Grant

70000 $

deadline

30 November 2026

existing jobs

5

events annually

24

two-year term

2 year