Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Brownfield authority directs attorney to draft personal guarantee for Kings Court loan
Summary
After lengthy debate about precedent and legal risk, the Benton Harbor Brownfield Redevelopment Authority directed its attorney to review a Fishbeck‑prepared $25,000 loan agreement and draft a personal‑guarantee document so the loan can be signed at the next meeting if ready.
The Benton Harbor Brownfield Redevelopment Authority voted to have its attorney finalize and prepare a personal‑guarantee document tied to a $25,000 loan the board previously approved to support the Kings Court project.
The motion—moved and supported during discussion on old business—directed counsel to review the loan agreement Fishbeck prepared and produce a personal guarantee ‘‘as soon as possible’’ with an absolute deadline of having it ready to sign at the board’s next meeting.…
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
