City of Beatrice Agenda 2026-06-01
City Approves Assumption of Downtown Revitalization Loan
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Description
The Council approved Resolution 7798 to execute an Assumption Agreement transferring a Beatrice Downtown Revitalization Improvement Program loan and related guaranties from Hydo Properties, LLC and its principals to Brian and Kala York. The action maintains program compliance as the property changes ownership.
Contract Details
Vendor
HYDO PROPERTIES LLC
Agency
Town of Beatrice, AL
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Renewal Info
Assumption Agreement shifts obligations under an existing promissory note and personal guaranty from Hydo Properties, LLC and its owners to the Yorks; original loan term continues under new obligors.
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APPROVEDCity of Beatrice AgendaPacket 2026-05-18
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APPROVEDCity of Beatrice Minutes Regular City Council Meeting 2026-05-18
APPROVEDMore from Town of Beatrice
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City of Beatrice Agenda 2026-06-01
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City of Beatrice Agenda 2026-06-01
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