City of Sevierville Board of Mayor & Aldermen Meeting Agenda April 2026
City PBA to Execute Subordination Agreement for Wilderness Loan
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Description
The Board will consider authorizing the Public Building Authority to execute a Subordination Agreement and Estoppel Certificate with lenders including Goldman Sachs Bank USA as part of refinancing for the Wilderness Development property. The agreement confirms existing restrictive covenants and subordinates certain city rights to facilitate the loan.
Contract Details
Vendor
GOLDMAN SACHS BANK USA
Agency
City of Sevierville, TN
Contract Type
FINANCIAL_SERVICES
Document Date
April 4, 2026
Renewal Info
Subordination Agreement and Estoppel Certificate relate to a refinancing loan secured by a deed of trust; the agreement will remain in effect for the life of the loan. Specific maturity or renewal dates are not provided.
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