City of Jonesboro Finance & Administration Council Committee Meeting Agenda 2026-06-09
Jonesboro Amends Bond Escrow for Colson Caster LLC
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Description
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.
Contract Details
Vendor
COLSON CASTER LLC
Agency
City of Jonesboro, IN
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
20 years; 5 years used, 15 remaining (pilot period)
Renewal Date
2041-05-26
Renewal Info
Original pilot incentive term was 20 years; 5 years used. Remainder subject to amendment following property transfer and leaseback.
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City of Jonesboro Finance & Administration Council Committee Meeting Agenda 2026-06-09
City of Jonesboro Finance & Administration Council Committee Meeting Agenda 2026-06-09
City of Jonesboro Finance & Administration Council Committee Meeting Agenda 2026-06-09
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