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RMA says Pelicano Drive takeover bids received; judge’s ruling on construction-default dispute expected after final briefs
Summary
Staff reported that the RMA’s declaratory-judgment action over a construction default is nearing resolution in bankruptcy court, that RMA and the surety have received bids to complete work, and that staff will review bids and negotiate a takeover agreement while awaiting the judge’s ruling.
Camino Real RMA staff told the board Jan. 29 that a bankruptcy-court process over the Pelicano Drive widening project is approaching a decision and that bids for an interim takeover to resume construction have been received and are under review.
‘‘We filed a declaratory judgment action against the trustee, asking for the judge to determine that the default we declared against JAR Construction was proper,’’ Executive Director Raymond Tayas said, describing the legal posture that has paused surety-funded restart of the project. Tayas said the matter has produced multiple hearings and that the RMA’s final brief was due the day of the meeting; the trustee will file a final brief two weeks later and the…
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