unclassified
Ordinance No 185
· Cherry Valley, AR
📄
Source: Ordinance No 185
(PDF, 9 pp)
Retrieved May 6, 2026
from www.cityofcherryvalley.com ↗
Confidence:
95%
High
Summary
The City of Cherry Valley, Arkansas authorizes the issuance of taxable industrial development revenue bonds to finance a photovoltaic solar energy facility. The bonds will be issued in an aggregate principal amount not to exceed $250,000,000. The city will enter into a lease agreement, trust indenture, and payment in lieu of taxes agreement with the company developing the project.
Details
- Subject
- Industrial Development Revenue Bonds
- Summary
- The City of Cherry Valley, Arkansas authorizes the issuance of taxable industrial development revenue bonds to finance a photovoltaic solar energy facility. The bonds will be issued in an aggregate principal amount not to exceed $250,000,000. The city will enter into a lease agreement, trust indenture, and payment in lieu of taxes agreement with the company developing the project.
- Action Type
- new
- Vote Result
- passed
- Adoption Date
- 2023-05-09
- Enacting Body
- City Council of the City of Cherry Valley, Arkansas
- Effective Date
- 2023-05-09
- Ordinance Number
- Ordinance No.