earnest money :
- n money given by a buyer to a seller to bind a contract
News & Articles
- Council moves to negotiate on Cantrell Field bid
Conway City Council voted 7 to 0 to accept a proposal and move into negotiations with Conway Development Corporation and Jim Wilson and Associates, LLC, for the Cantrell Field Redevelopment.The proposal indicated a bid amount of $6.1 million for the 151 acres with 5 percent --- $305,000 --- in earnest money to be paid before certain milestones are reached. Mayor Tab Townsell said the land ...
Aug. 14, 2013 - The Log Cabin Democrat