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Committee debates $110,000 lien settlement offer from Laurel Park LLC and forwards it to full council
Jonesboro Finance Administration Committee · March 10, 2026
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Summary
A resolution to accept a $110,000 settlement from Laurel Park LLC in exchange for terminating a municipal lien drew disagreement; legal counsel said appraised value is about $300,000 but litigation would be costly and prolonged, and a committee member said $110,000 is too low.
The Finance Administration Committee on Monday moved to forward to full council a resolution proposing that the city accept $110,000 from Laurel Park LLC to terminate a municipal lien established by an earlier council resolution.
City legal counsel (S9) told the committee that legal fees…
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