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Serving Lincoln County for more than a century!
Dispute over consent agreement
DAVENPORT—A month after the city settled a lawsuit with Greg’s Crop-Care Company regarding a hangar issue at the airport, more legal action may be on the way…though the would-be plaintiff insists he has no desire of suing the city.
Capital Rivers Commercial, a Sacramento-based real estate agency developing the new AirLift Northwest hangar and living quarters at the airport, reached out to The Record-Times this week and accused the city of refusing to help the company secure financing for the project by not agreeing to sign a new consent agreement wanted by the company’s bank, FiveStar Bank.
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Reader Comments(1)
gaguirre3345 writes:
The last thing we want is an adversarial relationship with the City and I’m really shocked we are at this point, but we are quite literally being pushed into a corner with very few options available. We are simply trying to construct a facility that provides a lifesaving service and we are asking the City to be nothing more than reasonable by following the terms of our ground lease. The project is now in serious jeopardy as a result. This is a very standard and customary request and something anyone financing improvements at the airport (or anywhere else there is a ground lease for that matter) is going to need. We aren’t asking for anything that liens the City property or causes any harm to the City and have always been open to reasonable modifications or edits. I truly hope we can all be professionals and work together so we don’t have to resort to filing a lawsuit and waste tax payers dollars over something so silly.
10/22/2022, 9:26 pm