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Commissioners approve first amendments to Wesley Village promissory notes and continue subordination agreement
Summary
The board authorized first amendments to multiple promissory notes for Wesley Village Limited Partnership, approved continuation of a subordination and standstill agreement for Wesley Village 2, and certified unpaid water and sewer sums to the county auditor.
Clerk read several resolutions authorizing the execution of first amendments to promissory notes for Wesley Village Limited Partnership (multiple related document numbers were read) and a resolution to continue Lake County's subordination and standstill agreement for Wesley Village 2. Each resolution was moved, seconded and approved by roll call.
The meeting also included a resolution certifying unpaid water and sewer sums and administrative charges to the Lake County Auditor. Commissioners voiced no public debate on these items during their reading; the items passed by roll call vote. No additional details about the financial terms of the promissory‑note amendments were given during the public reading; the Clerk read the related document numbers on the record.
