City of Conway AgendaPacket City Council Meeting 2026-05-26
City Leases DBG Industrial Personal Property Under 2026A Agreement
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Description
Conway approved a new 2026A Lease Agreement with DBG Arkansas, LLC for the personal property at its industrial facility, aligning lease payments with the Series 2026A refunding bond. The lease structure supports long-term financing of the project through 2037.
Contract Details
Vendor
DBG ARKANSAS LLC
Agency
City of Conway, AR
Contract Type
FACILITIES
Document Date
May 26, 2026
Contract Term
Lease term aligned with Series 2026A Bond schedule to December 31, 2037
Renewal Date
2037-12-31
Renewal Info
Replaces and updates prior 2018 lease terms for the personal property; runs concurrently with the Series 2026A Bond and may terminate upon bond payoff or redemption.
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