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Finance committee hears plans to formalize A&P Commission accounting support; MOU would pay city $10,000 quarterly
Summary
Lawyers and financial advisors working on the sports complex financing told the committee they are finalizing a memorandum of understanding to compensate the city for accounting support to the A&P Commission and asked the committee to schedule a special-called meeting to consider the MOU before the next council meeting.
Representatives working on the proposed Jonesboro Sports Complex told the Finance Committee they are preparing a memorandum of understanding to formalize the city’s accounting and reporting support to the A&P (Advertising and Promotion) Commission.
Michelle Allgood of Mitchell Williams said the lender for the facilities financing asked that the city’s back-office support…
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