Jonesboro Amends Bond Escrow for Colson Caster LLC

The City of Jonesboro Finance Committee recommended an amendment to the escrow deposit agreement related to the defeasance of bonds initially issued to support Colson Caster LLC. The company is restructuring its property holdings and continues local operations under an amended 20-year PILOT agreement.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

20 years; 5 years used, 15 remaining (pilot period)

Renewal date

2041-05-26

Renewal

Original pilot incentive term was 20 years; 5 years used. Remainder subject to amendment following property transfer and leaseback.

Document type

Agenda

Source document

City of Jonesboro Finance & Administration Council Committee Meeting Agenda 2026-06-09

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APPROVED

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City of Jonesboro City Council Meeting Minutes 2026-06-02

APPROVED

Jonesboro Area Transportation Study, ArkansasJun 2, 2026

City of Jonesboro Council Agenda 2026-06-02

City of Jonesboro Finance & Administration Council Committee Meeting Minutes 2026-05-26

City of Jonesboro Finance & Administration Council Committee Meeting Agenda 2026-05-26

PENDING

City of Jonesboro, Arkansas$11,000,000 Series 2022A Bonds; $4,000,000 Series 2022B Bonds; not to exceed $9,000,000 Series 2022C Bonds; escrow deposit amount equal to defeasance cost (unspecified)May 25, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Jonesboro?

Colson Caster Llc was awarded this financial services contract by City of Jonesboro, as recorded on June 9, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Jonesboro Finance & Administration Council Committee Meeting Agenda 2026-06-09 (Agenda), dated June 9, 2026 from City of Jonesboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Colson Caster Llc hold?

Colson Caster Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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