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Board approves loan for Cafe at 1160 Forest Avenue after executive session
Summary
A special meeting of the PDC Board approved a loan recommendation for Cafe at 1160 Forest Avenue after an executive session to consider newly submitted information; the loan amount was revised after an appraisal came in lower than expected and Hennebec Savings is the lead lender.
The PDC Board on a special meeting vote approved a loan recommendation for Cafe at 1160 Forest Avenue after briefly meeting in executive session to consider new information related to a previously tabled recommendation.
The vote took place after Eamon Dundon, treasurer of the board, opened the special meeting and noted the item had been tabled at the board's Dec. 19, 2024 meeting. Board members heard from the applicants, and then entered executive session to discuss updated materials before returning to public session to record the formal vote. "I just wanna thank everyone for, setting up this meeting for us and just here to answer any questions you guys have," said Matt, identified…
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