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DUVAL COUNTY · LOCALlocal legislationEnacted
Enacted
City Approval for $400 Million in New Bonds and Debt Refinancing
Original title: ORD Supplementing Ord 2006-888-E Auth the Issuance of the City’s Special Rev & Refunding Bonds, in 1 or More Series in an Amt Necessary to Prov (a) for the Refunding of a Portion of the City’s Outstanding Special Rev Bonds, & (b) Not in Excess of $400,000,000 of Net Proj Funds in Order to Finance & Refinance the Acq & Construction of Certain Capital Equipment & Improv; Prov Auth for This Ord; Prov for Certain Definitions; Making Certain Findings; Prov That This Ord Shall Constitute a Contract Btwn the Issuer & the Bondholders; Auth the Mayor to Determine the Terms of Such Bonds, as Prov Herein; Auth the Mayor to Award the Sale of Said Bonds on a Competitive Basis, a Limited Competitive Basis, a Negotiated Basis, or as a Private Placement, as Prov Herein; Auth the Acq of Debt Service Reserve Fund Products With Respect to Such Bonds, if Deemed Necessary; Auth the Acq of Credit Facilities With Respect to Such Bonds, if Deemed Necessary; Auth the Preparation of Preliminary & Final Official Statements &/or Offering Memoranda With Respect to Such Bonds; Auth the Execution of a Continuing Disclosure Undertaking or Agrmt With Respect to Such Bonds; Auth the Desig of a Deputy Registrar & Paying Agent & the Provid of Other Srvs With Respect to Such Bonds; Prov for the Application of Such Bond Proceeds; Auth the Execution of 1 or More Bond Terms Agrmts With Respect to Said Bonds; Prov Certain Add’l Details & Auth in Connection Therewith; Waiving the Provisions of Sec 104.211 (Procedure for Sale of Bonds), Pt 2 (Ad Valorem Bonds, Rev Bonds & Other Obligations), Ch 104 (Bonds), Ord Code, So as to Allow the City to Award the Sale of Said Bonds on a Limited Competitive Basis, as a Negotiated Sale, or as a Private Placement (Traurig) (Req of Mayor)
5/26/26 CO Introduced: R, F
6/1/26 R Read 2nd & Rerefer
6/2/26 F Read 2nd & Rerefer
6/9/26 CO PH Read 2nd & Rerefer
6/15/26 R Amend/Approve 6-0
6/16/26 F Amend/Approve 5-0
6/23/26 CO Amend/Approve 15-0
Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 6/9/26
June 23, 2026
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Finance Connection
Notable money activity
$3,058,147across 20 reported contributions
| Candidate | Donor | Amount | Industry | Date |
|---|---|---|---|---|
| Santa Clara Community Leaders Supporting Anthony Becker for Mayor 2022, sponsored by and major funding from DeBartolo Corporation & Affiliated Entities, including Forty Niners Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $325,725 | - | Sep 2022 |
| Santa Clara Community Leaders Supporting Anthony Becker for Mayor 2022, sponsored by and major funding from DeBartolo Corporation & Affiliated Entities, including Forty Niners Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $325,725 | - | Sep 2022 |
| Frustrated Santa Clarans Opposing Gillmor for Mayor 2022, sponsored by DeBartolo Corp. & Affiliated Entities, including 49ers Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $201,519 | - | Sep 2022 |
| Frustrated Santa Clarans Opposing Gillmor for Mayor 2022, sponsored by DeBartolo Corp. & Affiliated Entities, including 49ers Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $201,519 | - | Sep 2022 |
| Frustrated Santa Clarans Opposing Gillmor for Mayor 2022, sponsored by DeBartolo Corp. & Affiliated Entities, including 49ers Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $156,932 | - | Sep 2022 |
| Frustrated Santa Clarans Opposing Gillmor for Mayor 2022, sponsored by DeBartolo Corp. & Affiliated Entities, including 49ers Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $156,932 | - | Sep 2022 |
| Santa Clara Community Leaders Supporting Anthony Becker for Mayor 2022, sponsored by and major funding from DeBartolo Corporation & Affiliated Entities, including Forty Niners Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $155,686 | - | Sep 2022 |
| Santa Clara Community Leaders Supporting Anthony Becker for Mayor 2022, sponsored by and major funding from DeBartolo Corporation & Affiliated Entities, including Forty Niners Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $155,686 | - | Sep 2022 |
| Santa Clara Community Leaders Supporting Anthony Becker for Mayor 2022, sponsored by and major funding from DeBartolo Corporation & Affiliated Entities, including Forty Niners Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $155,686 | - | Sep 2022 |
| Santa Clara Community Leaders Supporting Anthony Becker for Mayor 2022, sponsored by and major funding from DeBartolo Corporation & Affiliated Entities, including Forty Niners Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $126,081 | - | Sep 2022 |
| Santa Clara Community Leaders Supporting Anthony Becker for Mayor 2022, sponsored by and major funding from DeBartolo Corporation & Affiliated Entities, including Forty Niners Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $126,081 | - | Sep 2022 |
| Committee to Support Mayor Lisa Gillmor 2022 and Good Government, Sponsored by Santa Clara's Affordable Home and Job Creators | Related Santa Clara, LLC(David Zussman) | $125,000 | - | Sep 2022 |
| Committee to Support Mayor Lisa Gillmor 2022 and Good Government, Sponsored by Santa Clara's Affordable Home and Job Creators | Related Santa Clara, LLC(David Zussman) | $125,000 | - | Sep 2022 |
| Santa Clara Community Leaders Supporting Anthony Becker for Mayor 2022, sponsored by and major funding from DeBartolo Corporation & Affiliated Entities, including Forty Niners Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $123,662 | - | Sep 2022 |
| Santa Clara Community Leaders Supporting Anthony Becker for Mayor 2022, sponsored by and major funding from DeBartolo Corporation & Affiliated Entities, including Forty Niners Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $123,662 | - | Sep 2022 |
| Kimberly Ho for Mayor 2022 | Kimberly Ho | $100,000 | Skincare Researcher andBusiness Owner | Mar 2025 |
| Santa Clara Community Leaders Supporting Anthony Becker for Mayor 2022, sponsored by and major funding from DeBartolo Corporation & Affiliated Entities, including Forty Niners Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $95,940 | - | Sep 2022 |
| Santa Clara Community Leaders Supporting Anthony Becker for Mayor 2022, sponsored by and major funding from DeBartolo Corporation & Affiliated Entities, including Forty Niners Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $95,940 | - | Sep 2022 |
| Frustrated Santa Clarans Opposing Gillmor for Mayor 2022, sponsored by DeBartolo Corp. & Affiliated Entities, including 49ers Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $90,685 | - | Sep 2022 |
| Frustrated Santa Clarans Opposing Gillmor for Mayor 2022, sponsored by DeBartolo Corp. & Affiliated Entities, including 49ers Football Company, LLC | DeBartolo Corporation & Affiliated Entities, Including the Forty Niners Football Company, LLC | $90,685 | - | Sep 2022 |
Reported financial relationships and timing signals. This does not prove motive or influence. Readers draw their own conclusions.
The Frame
What this does
This ordinance authorizes the city to take on up to $400 million in new debt for public projects and refinance existing obligations, which impacts the city's long-term financial commitments and capital improvement capacity.
Who is mentioned in the record
Potentially affected actors named in the source documents. Mention is not a position.
City Residents
Residents are affected by the city's increased debt load and the resulting capital improvements funded by the bond proceeds.
Bondholders
Bondholders enter into a formal contract with the city as defined by the terms of this ordinance.
What changed
Last recorded activity June 23, 2026.
What's next
Next step not available in the current record.
Summary
The City Council has passed an ordinance authorizing the city to issue up to $400 million in new bonds to fund capital equipment and infrastructure projects. The ordinance also allows the city to refinance existing debt and grants the Mayor authority to determine the specific terms and sale methods for these bonds.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What will the $400 million be used for?
The funds are designated for the acquisition and construction of capital equipment and infrastructure improvements.
Does this ordinance change how the city sells bonds?
Yes, it waives standard procedures to allow the Mayor to choose from several sale methods, including s or private placements, rather than being restricted to standard competitive bidding.
Is this a new debt or a replacement of old debt?
It is both; the ordinance authorizes the issuance of new bonds for projects and the refinancing of existing outstanding bonds.
Why It Matters
This ordinance authorizes the city to take on up to $400 million in new debt for public projects and refinance existing obligations, which impacts the city's long-term financial commitments and capital improvement capacity.
News Coverage
No news coverage found yet. Articles are indexed twice daily.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
policy shift100% confidence
Waiver of Standard Bond Sale Procedures
The ordinance explicitly waives Section 104.211 to allow for non-competitive bond sales, granting the Mayor significant flexibility in how the city enters the debt market.
Connected Entities
otherSec 104.211“The section of the Ordinance Code waived to allow flexible bond sale methods.”Map →
Sources
Open source document
webapi.legistar.com
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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