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Council accepts Primo Middletown collateral to satisfy defaulted forgivable loan

5535644 · August 6, 2025
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Summary

Council approved a resolution accepting furniture, fixtures and equipment from Primo Middletown LLC to settle a $219,000 outstanding forgivable loan; city will determine reuse or disposal of the surrendered collateral.

MIDDLETOWN, Ohio — City Council on Aug. 5 approved a resolution accepting certain collateral from Primo Middletown LLC as full satisfaction of a defaulted forgivable loan agreement executed in 2022.

Law Director Alex Ewing explained the city executed a…

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