Loading...
HomeMy WebLinkAboutHARMONY NEIGHBORHOOD CENTRE P.U.D. - PRELIMINARY - 33-94 - MEDIA -cov 1 rAy 3 ►, Settlement rides on Denver man dropping suit in store dispute By KEVIN DUGGAN The Coloradoan The city of Fort Collins will pay l s ti eF►Yprk gev�loM, .$1251000 _ to to pay, developer $125,000 drop a lawsuit against the - city that claims City Council actions cost him the chance to build a King Soopers store along Har- mony Road. City Attorney Steve Roy said the city will pay developer Jim Sullivan $125,000 and return $1,550 in development applica- tion fees that he paid in 1994 to start the process of building a shopping center near the intersec tion of Harmony Road and Mc- Murray Avenue. The city will file a motion today in Larimer District Court to have the suit dismissed, Roy said. Sul- livan had sought $3 million in damages. The decision to settle rather than fight the suit came after weighing the potential cost of hti- gation and the city's chances of wining the court battle, Roy t}us case, the 1 city bebeves this a reasonable action and in the best interests of the city," Roy said. City Manager John Fischbach said the decision to settle doesn't necessarily mean, that officials thought they could not win m court. "We estimated it would cost about $100,000 in legal fees to fight this," he said. "It worked out to be pretty much a straight tradeoff." : v g� g w w 8 0 � 6'808 °cap b o a -rg SD CD cp m (�C 5, � (D'g $$ 8 dw 5 m o m m SS 20 0 o x o � pad �• 80 w 8 co8 ,r~'a � w ° ° CD � o Ly to �G O `C a C O O 7� N CY O. s' O C m mm ]. o CD CD Cas m �Fi w ° —CDw O D g 8 m$` co °W �j10 S' b ° °o <CD E✓E; Council member Bob Me- Cluskey said he liked the city's chances of winning in court. But he said the settlement was "a good financial decision." "It's 'no small sum, but with the potential for what this could have cost us going through the process, even if we won, I think this is a good move," he said. Sullivan had proposed building ll, YOB SM, P414 -