Warren County Fiscal Court called a special meeting for Thursday to approve a final settlement agreement between Mills Family Realty and Warren County to resolve issues surrounding the commercial wrap of a parking garage in Block 6 of the Tax Increment Financing District.
The meeting is set for 3:30 p.m. Thursday.
The wrap, known as Hitcents Park Plaza, has experienced financial and legal issues this year. Contractors filed liens on the property for money they say they are owed and the county and authority filed a lawsuit against Mills Family Realty, which manages the wrap, and contractors on the project to try to get liens removed.
A preliminary settlement agreement was approved in May which would allow for a new developer to take the place of Mills Family Realty. Under that settlement, the county would settle with Alliance Corp. to satisfy the claims of Alliance and other subcontractors.
In addition to a settlement agreement, Fiscal Court is also set to vote on a resolution affirming the validity of a lease agreement between the county and Mills Family Realty and approve a new lease agreement between the county and the Warren County Downtown Economic Development Authority for the Block 6 wrap during the meeting.