Original Downtown Revitalization Loan Transferred From Hydo
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Description
The City of Beatrice documents the transfer of a prior $30,000 Downtown Revitalization Improvement Program loan originally made to Hydo Properties, LLC to new purchasers Brian L. and Kala C. York. The assumption agreement releases Hydo Properties, LLC from the loan, guaranty, and deed of trust obligations tied to the 122 North 5th Street property.
Contract Details
Contract Amount
$30,000.00
Vendor
HYDO PROPERTIES LLC
Agency
Town of Beatrice, AL
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
Original loan agreement dated August 1, 2022; obligations are assumed and Hydo Properties, LLC is released from further liability under the note, guaranty, and deed of trust as of execution of the 2026 assumption documents.
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