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San Luis facility board approves amendment to forbearance agreement
Summary
The San Luis Facility Development Corporation board unanimously approved the first amendment to an amended and restated agreement concerning temporary forbearance and project revenues after a motion and vocal affirmations from members.
The San Luis Facility Development Corporation Board of Directors voted to approve the first amendment to the board's amended and restated agreement covering temporary forbearance, operation of the project and project revenues. The motion was moved and seconded and carried with vocal "I" votes.
The amendment was presented as a routine consent action during the board meeting. Board leadership called for a first and second, and three members verbally signified their approval; no opposition was recorded. No further details about the amendment's specific changes or financial impact were stated in the meeting record.
Because the meeting record did not specify who moved or seconded the motion or provide the amendment text, the board's approval is reported here only as recorded by the meeting minutes: a motion, a second, and a unanimous voice vote in favor. The board immediately moved on to subsequent agenda items after the vote.
