"This agreement represents the hard work and collaboration between the JEA board and leadership, City Council and my administration,” said Mayor Curry. “Working together, we were able to identify real solutions to create better outcomes for Jacksonville residents.”

The agreement establishes JEA’s annual contribution to the City and extends through 2021. JEA will pay $114 million this year, with a minimum increase of 1 percent per year over the next five years. In addition, the utility company will make a one-time additional contribution of $15 million this year to match City funding for water and sewer infrastructure projects that will improve services and reduce nitrogen pollution in the St. Johns River.

JEA will also give the City 30.34 metric tons per year in Water Quality Trading Credits through December 2023, at no charge. These credits further efforts to improve the health of the river and its tributaries.