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Council adopts $80,000 settlement freeing local business owner from loan guarantees; one abstention
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 approval and urged emergency legislation to finalize the settlement without delay. During the council vote, Missus Westfall stated she was abstaining "to avoid the appearance of a conflict of interest due to Missus Nielsen being employed by the Miami County commissioners," and repeated that reason during roll call.
Clerk readings and roll calls recorded the motion to suspend readings and the subsequent adoption of Resolution R23‑2026. Council did not alter the dollar amount during the meeting. The resolution directs staff to accept and finalize settlement payments as provided.
The committee report and council action do not record further conditions, repayment schedules, or whether other parties remain liable; those implementation details were not specified in the meeting record and are listed as "not specified."
