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Council and redevelopment commission approve term sheet to resolve eminent-domain case
Summary
In a special joint session the town and redevelopment commission approved a term sheet to resolve eminent-domain litigation with a private company identified in the transcript as both 'Karman Industries' and 'Carmen Industries'; staff said the agreement would allow dismissal of the case and transfer of property to the town, subject to court approval.
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At the start of the evening, a special joint session of the Town Council and Redevelopment Commission considered approval of a settlement term sheet to resolve eminent-domain litigation involving a privately owned property. Staff said representatives of the company and the town had reached terms that would permit dismissal of the eminent-domain case and transfer the remaining property interest to the town, pending court review and approval.
The transcript identifies the company alternately as "Karman Industries" and "Carmen Industries." Town staff described the steps: approval of the term sheet would provide the basis for an agreed order of findings to be signed by both parties and presented to the court for approval; if the court approves, the settlement would be entered and the case dismissed.
Councilman Stotts moved to approve the term sheet on behalf of the town council; Councilwoman Henderson seconded and the council vote was announced as unanimous. The redevelopment commission also moved and carried the corresponding motion unanimously. Staff said the agreed order would be signed and submitted to the court.
