City of Conway AgendaPacket City Council Meeting 2026-05-26
City issues $3.84M refunding bond for DBG Arkansas
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Description
Conway authorized issuance of a $3.84 million taxable industrial development revenue refunding bond for the DBG Arkansas Project. The Series 2026A bond, maturing in 2037 at 4.00% interest, refinances personal property at 600 Dave Ward Drive through a lease-backed financing structure.
Contract Details
Contract Amount
$3,840,000
Vendor
DBG ARKANSAS LLC
Agency
City of Conway, AR
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
Bond matures December 31, 2037 at 4.00% interest
Renewal Date
2037-12-31
Renewal Info
Refunding bond replaces prior 2018 taxable industrial development revenue bond and runs through December 31, 2037.
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