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Los Ranchos trustees approve $175,000 settlement in development dispute
Summary
At a Oct. 23 special meeting the Village of Los Ranchos de Albuquerque Board of Trustees approved a settlement to resolve litigation with Friends of Los Ranchos and Palindrome-related entities. The agreement includes a $175,000 payment split equally between the village and the developer, an extension to complete the project to March 31, 2025, and a requirement that the developer follow the village's public approval process.
The Village of Los Ranchos de Albuquerque Board of Trustees voted 3-0 Wednesday to approve a settlement resolving lawsuits brought by Friends of Los Ranchos and plaintiff Nancy Mangiaroni against the village and Palindrome-related developers.
Vince Ward, the village's retained legal counsel, told trustees the agreement calls for Friends of Los Ranchos to be paid $175,000 and that the amount would be split equally between the village and Palindrome, leaving the village's share at $87,500. Ward said the payment represented a negotiated discount from what prevailing-party attorney fees under the New Mexico Open Meetings Act might otherwise have required. "The Friends of Los Ranchos will be paid $175,000," Ward said, and he recommended approving the…
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