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Speedway council authorizes staff to negotiate settlements with Brickyard Flats and The Legend over utility arrears
Summary
The Town of Speedway authorized staff to negotiate a plan and settlement with two apartment complexes, Brickyard Flats and The Legend, to address significant unpaid water and sewer bills. Council members said residents are paying but owners have not forwarded funds; shutting off water was discussed as an option but considered difficult.
The Town of Speedway Town Council on July 28 approved a plan authorizing town staff to negotiate settlements with two apartment complexes, Brickyard Flats and The Legend, over significant unpaid water and sewer accounts. The motion passed unanimously, 5-0.
Philip Faust, identified in the meeting as the town court treasurer, presented the matter, saying the properties—identified as limited liability companies—have developed substantial arrears. "My office has been working with them for some time now, to try to come to a resolution of that, and I think we're close," Faust said, asking the council to authorize further negotiation of specific terms on behalf of the town so the properties can come into compliance.
Council members expressed concern about the sums involved and thanked staff for ongoing work to collect the funds. Councilor Vince Noblett thanked Faust and his office "for staying on top of this." Another councilor summarized the dilemma: residents are paying bills, but the town is not receiving those payments from property owners; options such as shutting off water were noted as legally and practically difficult because of the number of residents affected.
Faust also said the outstanding amounts include interest and penalties when levied by the town. Council approved the motion directing staff to continue negotiations and to seek a resolution that recovers past-due amounts and secures future payments.
The council did not provide a dollar figure in the meeting minutes for the total arrears; Faust described the sums as "significant," and the exact amount was not specified in the transcript.
