Title 12174 · Code of Ordinances

Sec. 714.405. - Funding.

Citation: Jacksonville, FL Code of Ordinances § 714.405.

Section: 714.405.

Construction and all other costs to be incurred by JEA in support of an Improvement shall be initially funded by JEA, except that JEA shall not be obligated to provide more than $4,000,000 towards Improvements in any fiscal year. Funding shall be available to each NAP project in the amount of 125 percent of the initial Improvement costs in order to cover any over runs. All costs incurred in support of the Improvement shall be refunded to JEA through the assessment program provided by the NAP and this Chapter. There shall be no non-reimbursable contributions by the City or JEA for any Water, Sewer, or Reclaimed Water NAP. (Ord. 2019-321-E , § 3)