City of Conway AgendaPacket City Council Meeting 2026-05-26
DBG Arkansas Enters 2026A PILOT Agreement With City
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Description
Conway approved a 2026A PILOT Agreement with DBG Arkansas, LLC for the industrial facility’s personal property. DBG will make ongoing payments in lieu of ad valorem taxes, supporting local taxing entities while maintaining the project’s bond-financed structure.
Contract Details
Vendor
DBG ARKANSAS LLC
Agency
City of Conway, AR
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
Through duration of City ownership and bond term for personal property
Renewal Date
2037-12-31
Renewal Info
Supersedes the 2018 PILOT terms for personal property; remains in effect for the life of the project and associated Series 2026A financing, subject to termination provisions in the agreement.
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