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Council tables Industrial Park sale and $170,000 note payoff after restraining order
Summary
After being served with a restraining order, Harrah's City Attorney advised tabling the planned sale of an Industrial Park lot (Resolution 02052026CC) and a proposed $170,000 payoff of an FNB bank note; the council unanimously tabled the items pending a Feb. 12 hearing.
The Harrah City Council on Feb. 5 entered a joint executive session and learned that the City had been served with a restraining order that prevents the city from moving forward with the planned sale of an Industrial Park lot and with paying off an FNB bank note. City Attorney Robert Thompson said a follow-up hearing is set for Feb. 12 and recommended that the council table the related agenda items until the city can meet with the judge. The council unanimously tabled items 3.b and 3.c and took no further action.
Items 3.b and 3.c described, respectively, a proposed reallocation of Capital Improvement Funds to pay off the FNB bank note (estimated at $170,000) and Resolution 02052026CC authorizing the sale of a lot in the Industrial Park to Natalie's Elf Shelf Holiday Store for $100,000 and authorizing the mayor to sign closing documents. Both items were put on hold after the City was served with litigation papers by Brown & Flesch, PLLC; the restraining order enjoined the city from proceeding.
The minutes record the City Attorney's recommendation to table and the council's unanimous vote to do so. Thompson told the council he expects the issue to be resolved quickly and that the city could call a special meeting afterward to take up the items. The minutes do not state who petitioned for the restraining order or give the restraining order's specific grounds; the next recorded procedural date is the Feb. 12 hearing noted by the City Attorney.
