Gayla Cake Loan Status
Summary
A developer funded through the trust fund is behind on loan payments, and the committee wants staff to find out his repayment plan before deciding how to proceed.
At a glance
- Total mentions
- 4
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 23, 2026.
Impact analysis
Outstanding loan payments affect money available for future trust fund projects.
Future fund recipients if loans are repaid and recycled.
Taxpayers and future program applicants if the loan is not repaid.
Mentions & discussions (4)
Loan Administration Board - Oct 23, 2026
Two borrowers — Artisan Pizza Revolution and a Main Street wedding business — are behind on payments despite two notices, and a third notice is going out before referral to collections. Two other borrowers are being monitored after inconsistent payments.
Loan Administration Board - May 22, 2026
Four loans — mostly CRLF, including Barks and Rick, Berker Brew House and Main Street Wedding — were sent to collections after falling behind. Staff plans to reach out to those borrowers to check for issues.
Affordable Housing Fund Advisory Committee (AHFAC) - May 19, 2026
A developer funded through the trust fund is behind on loan payments, and the committee wants staff to find out his repayment plan before deciding how to proceed.
Loan Administration Board - Feb 27, 2026
The board keeps tabs on loans it has made to local businesses, and Gayla Cake was on the docket for an update. The status of that public loan — whether it's being repaid and how the business is doing — was set to be reviewed.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
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