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Jonesboro council approves industrial development bond authorization and zoning change for 1601 Granger Drive
Summary
On June 2 the Jonesboro City Council approved two ordinances on third reading: Ordinance 26016 authorizes industrial development revenue bonds and related agreements; Ordinance 26015 rezones 1601 Granger Drive from RM-8 to RS-5. Both motions carried; vote tallies were not specified in the record.
The Jonesboro City Council on June 2 approved two ordinances on third reading, including an authorization to issue industrial development revenue bonds and a zoning change for property at 1601 Granger Drive.
The first ordinance, numbered 26016, authorizes the issuance of industrial development revenue bonds under the municipalities and counties industrial development revenue bond law to secure and develop industry, authorizes the sale of the bonds, and approves a bond purchase agreement, a payment-in-lieu-of-taxes agreement and a trust indenture securing the bonds. The measure also authorizes execution of a lease agreement related to the project. The clerk read the ordinance aloud, a council member moved to adopt, it was seconded, and the mayor announced the motion carried; the meeting transcript does not record roll-call tallies.
The council also adopted Ordinance 26015, a zoning amendment that changes the zoning boundary from RM-8 to RS-5 for the parcel at 1601 Granger Drive as requested by Craft and Toll. The clerk read the ordinance and the council voted to adopt; the mayor stated the ordinance carried and no vote counts were provided in the public audio.
No amendments or formal recorded dissents were noted in the audio for either ordinance. The council handled both items during the portion of the meeting identified as unfinished business and then moved on to mayoral reports and other agenda items.
Votes at a glance: - Ordinance 26016 (industrial development revenue bonds): Adopted (motion moved and seconded; vote tallies not specified in the transcript). - Ordinance 26015 (rezoning of 1601 Granger Drive from RM-8 to RS-5): Adopted (motion moved and seconded; vote tallies not specified in the transcript).
The council did not announce next steps for financing or the project schedules on the audio record; interested residents were directed to contact staff for further details.
