City of Beatrice Agreement Assumption Agreement 2026-05-18
Kala York Joins Downtown Loan Assumption
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Description
The City of Beatrice authorizes Kala C. York to join in assuming a $30,000 Downtown Revitalization Improvement Program loan originally made to Hydo Properties, LLC. Kala York becomes a co-obligor under the assumed promissory note, personal guaranty, and new deed of trust for 122 North 5th Street.
Contract Details
Contract Amount
$30,000.00
Vendor
YORK, KALA C
Agency
Town of Beatrice, AL
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
The existing 2022 loan is assumed jointly by Kala C. York under the May 18, 2026 assumption documents, with all prior terms remaining effective while substituting the Yorks for the original borrower.
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