The Layton State Bank will pay the city $500,000 and city will release liens on the property. “Read more’ for further details, council discussion and formal agreement
City officials say it’s a good deal. They say the unpaid fees were about $538,000-not including penalties, but city faces more legal expenses to try to collect any more. You can listen to the council discussion and read the formal release on the agreement
Discussion starts with Mayor Mark Vulich
Read the agreement statement: Miller Ridge Apt Agreement
