City of Jonesboro Finance & Administration Council Committee Meeting Minutes 2026-05-12
Committee Backs $180M Bond Deal For InnovAsian Project
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Description
The Finance & Administration Council Committee recommended an ordinance to authorize up to $180 million in industrial development revenue bonds for an InnovAsian facility, structured as conduit financing with no direct financial obligation to the City. The action includes approval of a bond purchase agreement, trust indenture, lease agreement, and PILOT agreement related to the project.
Contract Details
Contract Amount
Not to exceed $180,000,000
Vendor
INNOVASIAN
Agency
Jonesboro Area Transportation Study, AR
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
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PENDINGCity of Jonesboro Finance & Administration Council Committee Agenda May 12, 2026
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