Council Backs Industrial Bond Financing For Colson
City of JonesboroCity · Jonesboro, AR- Disclosed value
- $24 million (project amount); $6 million ADFA guarantee; $5 million AEDC guarantee; $4 million First Security Bank loan
- From minutes
- Document date
- Mar 8, 2022
The 30-second brief
The Finance & Administration Council recommended an ordinance authorizing $24 million in industrial development revenue bonds to support Colson’s facility reconstruction project, backed by state guarantees and a local bank loan. The action includes approval of bond purchase agreements, trust indentures, a lease, and a PILOT agreement, with no direct financial liability to the city.
COLSON holds this financial services contract with City of Jonesboro. Its other public contracts on record include work for Lower Bartlett Water Precinct and City of Kevil.
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Contract details
- Contract type
- Financial Services
- Amount
- $24 million (project amount); $6 million ADFA guarantee; $5 million AEDC guarantee; $4 million First Security Bank loan
- Document date
- March 8, 2022
- Vendor
- COLSON
- Agency
- City of Jonesboro
- Source document
- city_of_jonesboro_finance_administration_council_c.pdf (Minutes)
COLSON's other public contracts
More City of Jonesboro contracts
Questions about this contract
Who was awarded the financial services contract by City of Jonesboro?
COLSON was awarded this financial services contract by City of Jonesboro, as recorded on March 8, 2022. The contract value is $24 million (project amount); $6 million ADFA guarantee; $5 million AEDC guarantee; $4 million First Security Bank loan.
How much is the COLSON contract with City of Jonesboro worth?
The COLSON contract with City of Jonesboro is valued at $24 million (project amount); $6 million ADFA guarantee; $5 million AEDC guarantee; $4 million First Security Bank loan, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in city_of_jonesboro_finance_administration_council_c.pdf (Minutes), dated March 8, 2022 from City of Jonesboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does COLSON hold?
COLSON may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Jonesboro currently buying?
Explore City of Jonesboro's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.