Bill Type and Number: Ordinance 2007-539

Sponsor: Council President at the request of the Jacksonville Port Authority

Date of Introduction: May 8, 2007

Committee(s) of Reference: F, TEUS

Date of Analysis: May 11, 2007

Type of Action: Budget ordinance amendment; CIP amendment

Bill Summary: The bill amends the FY2006-07 budget ordinance (2006-788-E) to attach a revised Budget Schedule J – Jacksonville Port Authority – reflecting an increased capital budget for construction of the new Dames Point Container Terminal, and amends the City’s 2006-11 Capital Improvement Program to add the same project.

Background Information: The total budget for the terminal construction is $212,800,000, of which $112,800,000 is programmed for expenditure in FY06-07. The terminal will serve the ships of the Mitsui OSK line, which will be providing Jaxport’s first direct connection with a Far East shipping company.

Policy Impact Area: Budget amendment

Fiscal Impact: The budget amendment provides for a Jaxport capital expenditure of $112,800,000 in the current fiscal year.

Analyst: Clements