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CDA denies amendment request to Whitlow Summit loan for 6600 W. Washington Street
Summary
After closed‑session consideration, the West Allis Community Development Authority voted to deny a requested amendment to the loan held by Whitlow Summit Company LLC for 6600 West Washington Street; the loan’s outstanding balance was described as roughly $314,000 and staff had asked to discuss the request in closed session.
The West Allis Community Development Authority voted to deny a requested amendment to an existing loan with Whitlow Summit Company LLC for property at 6600 West Washington Street.
City staff told the CDA the loan has a current balance of around $314,000 and that Whitlow Summit had asked for an extension of interest‑only payments because principal payments had begun. The CDA convened in closed session to discuss the request and later returned to record a motion to deny the amendment; the motion carried by roll call.
The motion to deny was made and approved during the meeting; the CDA did not approve the requested extension. City staff said details of interest payments earlier in the year and the timing of the request were part of the closed‑session discussion but the CDA recorded only the final action denying the amendment.
