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Torrington council approves $30,000 subordination agreement for 189 Old Burrville Road
Summary
On June 17, 2026, the Torrington City Council unanimously approved a $30,000 subordination agreement to Northwest Community Bank for property at 189 Old Burrville Road; the agreement had been cleared previously by the Small Cities Subcommittee.
On June 17, 2026, the Torrington City Council and Water Pollution Control Authority unanimously approved a Subordination Agreement to Northwest Community Bank for $30,000 related to 189 Old Burrville Road during a special Zoom meeting called to order by Mayor Molly Spino.
The council action came on a motion by Councilor David Oliver, seconded by Councilor Paul Cavagnero. The minutes state the agreement had been previously approved by the Small Cities Subcommittee. Councilor Cavagnero asked for additional information about the subordination and Councilor Oliver provided an overview and explanation of the process.
The vote was recorded as unanimous among those present: Mayor Molly Spino and Councilors David Oliver, Paul Cavagnero, Anne Ruwet and Armand Maniccia; Rachel Hannon-Harrel and Chris Beyus were noted as absent. The meeting adjourned at 3:04 p.m. The minutes were attested by Deputy City Clerk Diane V. Woodruff and bear the name of City Clerk Carol L. Anderson.
The council record does not state further details about the beneficiary borrower, the lender's specific rights being subordinated, or the intended use of the $30,000; those items were not specified in the minutes.
