Extend repayment deadline for former Police Chief Chris Magnus loan until June 30, 2018
In Plain English
The city previously loaned money to former Police Chief Chris Magnus. The original repayment deadline has passed or is approaching. If approved, Magnus gets additional time to repay the remaining balance by June 30, 2018.
Auto-generated summary. Source: official agenda documents.
Votes
Approved the item
7 to 0
Why This Vote Matters
The council unanimously agreed to extend the repayment deadline for a loan made to former Police Chief Chris Magnus, giving him until June 30, 2018 to pay back the remaining balance. The city had previously loaned money to Magnus, but the original deadline has passed or is approaching. This extension gives the former chief additional time to fulfill his repayment obligation to the city. No new money is involved - this is simply adjusting when the existing debt must be repaid.
Auto-generated context. Source: official meeting records.
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