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Board notes Bucktales property sold at sheriff sale; RLF listed third in line for proceeds
Summary
At the April 2 meeting the board was informed that the Bucktales property was sold at sheriff sale and that the Douglas County Revolving Loan Fund is third in line to receive any proceeds; the minutes do not include amounts or a timetable for distribution.
Board members were briefed that the Bucktales property associated with a loan was sold at sheriff sale and that the Revolving Loan Fund is third in line to receive any proceeds. The minutes state the fact but do not provide sale price, lien amounts, or an expected timeline for any distribution to creditors.
The report appears in the meeting's reports section; financial statements for January were noted as included with the agenda and February statements were emailed to members. The minutes do not record a motion or vote specific to the Bucktales matter in open session.
