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Covington commissioners unanimously approve recognition and attornment agreement for Madison Place property
Summary
At a Dec. 19 special meeting, the Covington Board of Commissioners approved Commissioners' Order No. ORD-328-2025, authorizing Mayor Ronald L. Washington to execute a recognition and attornment agreement and an acknowledgement of mortgage with CPX Madison Place Apartments, LLC and Peoples Bank regarding the Madison Place property.
The Covington Board of Commissioners voted unanimously Friday to authorize Mayor Ronald L. Washington to execute a recognition and attornment agreement and an acknowledgement of mortgage with CPX Madison Place Apartments, LLC and Peoples Bank related to the Madison Place property. The action took place at a special meeting at City Hall on Dec. 19, 2025.
City Solicitor Frank Schultz explained the order to the board before a motion to approve was made by Commissioner Tim Acri and seconded by Commissioner Shannon Smith. The board recorded a unanimous voice vote in favor: Acri, Downing, Smith, Toebbe and Washington voted yea and no members voted nay. The item is recorded as Commissioners' Order No. ORD-328-2025.
Following the approval, the board recessed at 3:37 p.m. to attend a meeting of the City of Covington Kentucky Municipal Properties Corporation and reconvened at 3:38 p.m. Mayor Washington then adjourned the special meeting at 3:39 p.m.
The order's text, as entered into the meeting minutes, authorizes the mayor to execute the specified recognition and attornment agreement and acknowledgement of mortgage with CPX Madison Place Apartments, LLC and Peoples Bank; no additional details about the agreement terms were provided in the minutes.
