City of Greenbrier City Council Meeting Minutes 2026-05-04
Greenbrier Approves $10.71M Bond Issue with Crews
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Description
The City of Greenbrier approved issuance of $10.71 million in sales and use tax refunding and improvement bonds arranged by Crews & Associates at a 4.66% interest rate. The 30-year bonds will retire prior 2018 debt and provide over $8 million for the Fire Improvements Fund, with potential for early payoff using excess tax revenues.
Contract Details
Contract Amount
$10,710,000 (bond funds; $2.45 million to pay off 2018 bonds; over $8 million to Fire Improvements Fund)
Vendor
CREWS & ASSOCIATES
Agency
City of Greenbrier, AR
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
30-year term bonds, with potential early payoff from extra tax revenues
Renewal Date
2056-06-09
Renewal Info
Bonds issued for a 30-year term with the option to apply excess tax collections to early retirement; no explicit renewal provisions.
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