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Commission approves amended promissory note and personal guarantee to enable sale of Jolly Fox building
Summary
The commission approved an amended promissory note and personal guarantee from Brandon Davis to secure repayment of the city’s original $200,000 loan to Jolly Fox Brewery LLC, allowing the building to be sold to enable occupancy by Guadalajara restaurant and keep the property in productive use.
The Pittsburg City Commission approved an amended promissory note and updated personal guarantee to secure repayment of a previously approved city loan to Jolly Fox Brewery LLC, a loan originally made in 2019. Brandon Davis, who said he has been personally making regular payments during efforts to sell the property, presented a plan to complete repayment while…
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