FACILITIESPENDING

City of Jonesboro Finance & Administration Council Committee Meeting Agenda 2026-05-26

City to Lease 911 Magnolia to NJCDC for $1

$1.00 per yearCity of JonesboroNORTH JONESBORO COMMUNITY DEVELOPMENT CORPORATION (NJCDC)May 25, 2026

Trusted by teams at

Description

Jonesboro plans to lease the City-owned facility at 911 Magnolia Road to the North Jonesboro Community Development Corporation for $1 per year starting January 1, 2026. The agreement, which auto-renews annually, supports community-focused nonprofit services and allows approved subleases for Friends and Neighbors Network and The Diaper Storehouse.

Contract Details

Contract Amount

$1.00 per year

Vendor

NORTH JONESBORO COMMUNITY DEVELOPMENT CORPORATION (NJCDC)

Agency

City of Jonesboro, AR

Contract Type

FACILITIES

Document Date

May 25, 2026

Contract Term

Initial Term January 1, 2026 – December 31, 2026, with automatic one-year renewals unless terminated with six months’ written notice

Renewal Date

2026-12-31

Renewal Info

Lease automatically renews for successive one-year terms so long as NJCDC is not in default, with either party able to terminate by providing six months’ written notice before a desired termination date.

More from NORTH JONESBORO COMMUNITY DEVELOPMENT CORPORATION (NJCDC)

Related Contracts

City of Jonesboro Finance & Administration Council Committee Meeting Agenda 2026-05-26

PENDING

City of Jonesboro (Arkansas)May 25, 2026

City of Jonesboro Finance & Administration Council Committee Meeting Minutes 2026-05-12

TABLED

Jonesboro Area Transportation Study (Arkansas)May 12, 2026

City of Jonesboro Finance & Administration Council Committee Meeting Agenda Packet 2026-05-12

PENDING

Jonesboro Urban Renewal HA (Arkansas)May 12, 2026

City of Jonesboro Finance & Administration Council Committee Agenda May 12, 2026

PENDING

City of Jonesboro (Indiana)May 9, 2026

Issuing Agency