Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Aurora staff report PJ Limes closure and plan to seek loan restructuring
Summary
Staff told the board that PJ Limes closed in December after the building sold and rent terms changed; the borrower owes about $25,570.20 and staff plan to explore a restructured repayment plan that may pause interest accrual and span 6–12 months.
Aurora Capital Development Corporation staff updated the board Jan. 13 on the status of a direct Aurora loan to PJ Limes, reporting the restaurant closed in December after the building was sold and the prior lease expired.
Mr. Watts said the new building owner sought a higher rent—he linked the request in part to sharply higher insurance costs—and that the owners and guarantors, Tony Sonny and Tiffany…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
