Main Street Calico Rock, Inc. Special Called Meeting Minutes March 2025
Bank Account and Acquisition Loan Approved at First National Bank
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Description
The board approved opening a checking account at First National Bank of Izard County and separately authorized a $134,000 loan at 6% interest for one year, with an option to renew, to acquire 100 Main Street.
Contract Details
Contract Amount
$500 (opening balance); $134,000 (loan for property purchase)
Vendor
FIRST NATIONAL BANK OF IZARD COUNTY
Agency
City of Calico Rock, AR
Contract Type
FINANCIAL_SERVICES
Document Date
March 8, 2025
Contract Term
1 year (loan), with renewal option
Renewal Date
2026-06-03
Renewal Info
Loan has renewal option after one year as specified. Checking account is ongoing.
More from FIRST NATIONAL BANK OF IZARD COUNTY
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approvedcalico-rock-school-district-meeting-minutes-2023-10-30_68e.pdf
APPROVEDcalico-rock-school-districtmeeting-minutes2023-08-21_b22.pdf
approvedcalico-rock-school-district-meeting-minutes-2023-08-21_2f2.pdf
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Main Street Calico Rock, Inc. Special Called Meeting Minutes March 2025
Main Street Calico Rock, Inc. Special Called Meeting Minutes March 2025
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