Keiser Approves Sewer Project Loans with ANRC
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Description
The City of Keiser council approved two loans with ANRC totaling $3.2 million (forgiveness) and $1.1 million, with payment terms of 10 and 20 years to support major sewer and infrastructure upgrades.
Contract Details
Contract Amount
$3.2 million Loan Forgiveness and $1.1 million Loan; payment on $550,000 loan begins April 2027 ($4,800/month for 10 years); payment on $1.1 million loan begins August 2028 ($6,595/month for 20 years)
Vendor
ANRC
Agency
City of Keiser, AR
Contract Type
FINANCIAL_SERVICES
Document Date
March 16, 2026
Contract Term
10 years for $550,000 loan (starts April 2027); 20 years for $1.1 million loan (starts August 2028)
Renewal Date
2038-08-01
Renewal Info
Standard municipal debt schedule; no explicit auto-renewal or extension.
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