CONSTRUCTIONAPPROVED

arkansas_natural_resources_commission_meeting_minu.pdf

ANRC Approves $150,000 Emergency Sewer Loan for Hoxie

Up to $150,000 (loan)Arkansas Department of Agriculture | Arkansas Natural Resources CommissionCITY OF HOXIE LAWRENCE COUNTYJune 4, 2025

Trusted by teams at

Description

The Arkansas Natural Resources Commission approved a loan of up to $150,000 to the City of Hoxie for emergency sewer repairs on a collapsed main beneath Highway 63B. The commission will waive the 3% origination fee and allow a 10% increase in authorized funding to cover unexpected bid overruns.

Contract Details

Contract Amount

Up to $150,000 (loan)

Vendor

CITY OF HOXIE LAWRENCE COUNTY

Agency

Arkansas Department of Agriculture | Arkansas Natural Resources Commission, AR

Contract Type

CONSTRUCTION

Document Date

June 4, 2025

Renewal Info

Director is authorized to increase the assistance up to 10% for bid overruns, reported to the commission at the next meeting. No formal renewal; increase is a conditional amendment.

Issuing Agency