City of Beatrice AgendaPacket 2026-05-18
Council OKs Hydo Properties Loan Assumption Agreement
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Description
The Beatrice City Council approved Resolution 7798 executing an Assumption Agreement involving Hydo Properties, LLC and the Yorks under the Downtown Revitalization Improvement Program. The action transfers the promissory note and personal guaranty obligations for the rehabilitation loan.
Contract Details
Vendor
HYDO PROPERTIES LLC
Agency
Town of Beatrice, AL
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
This is a loan assumption under an existing revitalization program; it continues the original loan term and conditions rather than creating a new renewal.
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AMENDEDCity of Beatrice AgendaPacket 2026-05-18
APPROVEDCity of Beatrice Agreement Assumption Agreement 2026-05-18
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APPROVEDCity of Beatrice Minutes Regular City Council Meeting 2026-05-18
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