Loveland council restores Centerra South pacts it had rescinded – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
Faced with the prospect of costly and protracted litigation, the Loveland City Council reversed course early Wednesday morning, voting to restore the Centerra South urban-renewal plan and financial agreement it had rescinded in November, and to enter into settlement talks with developer McWhinney Real Estate Services Inc., which had sued the council for breach of contract.
The positions remain largely unchanged as McWhinney Real Estate Services Inc. and the city of Loveland exchanged responses to the opposing party’s motions for summary judgment in the case involving the Centerra South development.
Loveland, McWhinney file competing responses to summary judgment motions – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
A scheduled trial at the end of February to resolve the dispute over the Centerra South development may not happen at all, if the judge agrees to rule on the matter based upon motions for summary judgment filed by both McWhinney Real Estate Services Inc. and the city of Loveland.