City of Beatrice Resolution 2026-05-04 Loan Agreement Termination
City Releases Individual Borrower From DTR Loan
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Description
The City of Beatrice terminated its Downtown Revitalization Improvement Program loan obligations involving individual borrower Robert Taylor. The resolution rescinds the loan and associated securities and authorizes a general release of Taylor’s obligations.
Contract Details
Vendor
TAYLOR, ROBERT
Agency
Town of Beatrice, AL
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
Loan documents dated September 16, 2022 (Promissory Note and Personal Guaranty) and March 1, 2024 (Deed of Trust)
Renewal Date
2026-05-04
Renewal Info
Resolution fully terminates the loan agreement and securities for Robert Taylor; no further renewals or extensions apply.
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