City accepts settlement from Mosers
A $40,000 settlement offer from Scott and Stephanie Moser, 25% of what they owed on a piece of discounted property in the city’s Cornerstone property, has gained approval.
Action came on the $40,000 offer Monday night.
The Mosers owed the city $161,450 for the pair of discounted lots after they agreed to create six full-time jobs by April 2018 and did not. Scott’s Pump Service burned in a 2017 fire. Moser put up a new building and the property is for sale.
According to the settlement agreement, if the Mosers do not meet the $40,000 payment deadline by the end of June, it grows to $80,000, said City Attorney Josh Wendell.
City officials and the Mosers both signed a purchase agreement on the land deal, but the city has no lien position on the property deed, said Clerk/Administrator Jo Leyland.
“We have no legal stand to the property,” she said.
They have learned from the Moser land deal, she added.
“What we will do now (in similar situations) is to offer a forgivable loan instead,” she said. The city will also have a lien position on the deed.
City officials expected a long legal battle if they didn’t take the settlement offer, she said.
The settlement gained yes votes from Charlesa Kline, Doug Gaswick, Chad Yaw and Johna Jablonski.
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