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Finance staff: Chaotic Good Brewing missed loan payment; owner given 30 days to cure
Summary
The city's finance report said Chaotic Good Brewing missed a loan payment due Sept. 25; staff sent owner Scott a notice giving 30 days to make the payment or face default and discussed verifying new ownership records before broader notices are sent.
At the financial‑report portion of the meeting, city finance staff told councilors that Chaotic Good Brewing missed a loan payment due Sept. 25 and that staff sent owner Scott a notice giving him 30 days to make the payment before the loan would be formally in default.
Finance staff also noted the business had to reapply for a liquor license when it reopened previously; participants discussed that the license timing (some speakers said it was valid through the end of the year or roughly six months) and loan status were related to loan‑condition requirements.
Councilors recommended sending default/collection notices to all business owners and partners rather than only to Scott; finance staff said they have a list of new owners and will compile ownership documentation before expanding outreach and will consult the city attorney if needed. Staff agreed to provide updated ownership and any supporting documents so the council can decide next steps. No formal enforcement action was recorded at the meeting.
The finance discussion covered process points rather than a vote: who should be notified, whether loan documents need updating given a change in ownership and how the city should proceed before moving to formal default procedures.
