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Town of Indian Trail discloses settlement in condemnation case; agrees to pay $33,380

Indian Trail Town Council · April 15, 2026

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Summary

At the meeting's close, council disclosed a settlement in Town of Indian Trail v. Truist Bank (condemnation on Parcel 18) and approved an additional payment of $33,380 as part of the resolution reached in closed session.

After returning from a closed session for attorney–client matters, council disclosed that it has resolved Town of Indian Trail v. Truist Bank (condemnation on Parcel 18) and approved a settlement that will include an additional $33,380 in new money to the defendant.

The settlement was announced in open session after council approved the closed‑session motion under N.C. Gen. Stat. 143‑318.11. Staff told the council the additional payment resolves outstanding condemnation matters related to Parcel 18; council recorded the motion and approved the settlement in open session.

What happens next: staff will carry out settlement paperwork and any recording or payment actions required to complete the resolution.