City of Beatrice Minutes Regular City Council Meeting 2026-05-18
City Issues General Release to Hydo Properties in Loan
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Description
The City Council approved Resolution 7799 executing a General Release that discharges Hydo Properties, LLC and the Hydos from obligations under a downtown revitalization loan agreement. This follows the assumption of the loan by new parties under the program.
Contract Details
Vendor
HYDO PROPERTIES LLC
Agency
Town of Beatrice, AL
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
Loan obligations for Hydo Properties are terminated via release; no renewal applies.
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