City and Maynards come to agreement
The Aledo City Council discussed the wording of a settlement agreement between the city and Richard E. and Robert E. Maynard at Monday's Nov. 2, 2009 meeting regarding the transmittal of the old Northside Junior High building located at 205 N. College Ave., Aledo. The city is looking to return the building to the Maynards in exchange for eliminating the various lawsuits the parties have been involved in over the matter.
Alderman Robert Rillie, Ward 1, suggested the council meet in a closed session over the settlement agreement, since it involved lawsuits.
Richard E. Maynard said didn't think that was necessary. "I like to be in the open," he said.
The city and Maynards have been at odds over the building since the Dec. 31, 2006 deadline from a previous Tax Increment Financing agreement to remodel the building. Richard E. Maynard agreed to renovate, remodel and improve the building before Dec. 31, 2006 for use as an educational facility, assisted living facility, apartment complex retail mall or antique mall. Before the deadline Richard E. asked the city council for an extension and was refused. The city filed suit to regain the building on March 30, 2007. The 14th Judicial Court ruled in favor of the city and ordered the developer to return the building deed to the city. This order was appealed by Maynard and heard in Appellate Court, with that court agreeing with the judicial court's ruling on Sept. 17, 2009.
City Administrator Janice Green told the council that several meetings between Mayor Jack Doherty, herself and the Maynards had occurred, with consultation from City Attorney Mark Walton and an agreement was met to settle the matter.
The agreement proposed to keep the building title and deed with the Maynards and terminate the previous redevelopment agreement, so that neither party shall have any further liability to the other party. "The developer expressly agrees that the city shall have no obligation to provide the developer any compensation, incentives, loans or other remuneration on account of the Junior High building, whether pursuant to the Redevelopment agreement, the TIF act or otherwise.
The agreement also spelled out what the Maynards plan to do with the building, which is to create a recreation facility and an apartment complex with 20, one-bedroom apartments. The agreement also detailed that the building would have an automatic fire alarm installed.
For more on this story, see the Nov. 11, 2009 issue of The Times Record.