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Council adopts $80,000 settlement freeing local business owner from loan guarantees; one abstention
Troy City Council · March 17, 2026
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Summary
Council approved Resolution R23‑2026 to accept an $80,000 settlement with Jessica Nielsen to release her from personal liability on loans to AM Scott Distillery Inc.; Councilmember Westfall abstained, citing a conflict of interest.
Troy City Council voted March 16 to accept an $80,000 settlement from Jessica Nielsen to release her from personal liability and personal guarantees on Economic Development Revolving Loan Fund (EDRF/RLF) loans to AM Scott Distillery Inc.
The Finance Committee recommended…
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