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FINANCIAL_SERVICESAPPROVED

City of Keiser Council Meeting Minutes 2026-03-16

Keiser Approves Sewer Project Loans with ANRC

$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)City of KeiserANRCMarch 16, 2026

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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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