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Evansville City pauses three months of payments for Mix and Mission loan; staff outline delinquent accounts
Summary
Evansville City officials approved a three-month deferral of loan payments for Mix and Mission and heard staff updates on delinquent commercial and personal loans, including two accounts being pursued by attorneys and one judgment that may be uncollectible.
Evansville City loan fund overseers voted to defer three months of loan payments for Mix and Mission and instructed staff to prepare a formal loan modification and review progress in October. The panel also received a status update from staff about several delinquent loans, including two accounts now with attorneys and one judgment the city believes may be uncollectible.
Gala, a representative of the nonprofit Mix and Mission, asked the loan committee for breathing room while the organization establishes its program. “I am here on behalf of Mix and Mission. It's a nonprofit initiative that's still in the…
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