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Agency counsel reports IDA named in National Gear & Piston legal matter; agency owns property at issue
Summary
Agency counsel Darius Chafizadeh reported that the City and the IDA are named in litigation involving National Gear & Piston and noted the IDA is the owner of the property at issue; no further action was recorded at the meeting.
Agency counsel Darius Chafizadeh provided the board with an update on a legal matter involving National Gear & Piston, stating that "the City and IDA are named" in the matter and that the IDA is the owner of the property referenced in the case. Counsel’s update was recorded in the minutes but the packet does not include further briefing detail or a requested board action.
Board members received the report; no vote or directive is recorded in the minutes. Counsel and staff will presumably continue litigation management and provide updates as appropriate in future meetings or in executive session if required by privilege or confidentiality concerns.
