By Scott Shiner
Kuna Melba News staff writer
Mayor Greg Nelson announced a special City Council meeting to be held Wednesday night to approve and sign the LID lawsuit settlement. This will finalize the negotiated agreement between the city, banks and properties that financed the North Wastewater Treatment Plant.
“At $30 million this is the biggest legal and financial issue this city has had to deal with,” said Mayor Nelson.
This agreement has been negotiated over the last year and will finally settle the LID lawsuit, define the transfer of EDUs to Key Bank and direct how future sales of those EDUs will be handled by the city. “I think the important part for the city is that with this settlement, land available for development will no longer have an $11,000 dollar per acre sewer assessment attached to it,” stated Nelson
Properties will be available once again for development and can be sold at current land value without having to worry about paying for the former LID. This will allow new building permits to be issued and pending construction projects to be able to proceed.
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