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The Docket: Real estate lawsuit roundup for 5.20.21


The Docket: Real estate lawsuit roundup for 5.20.21
Adams District Court
Midnight Metals, LLC v. BWD Management, LLC; Team Heating & Air Conditioning, Inc.; Freedom Duct, Inc.; and Jill M. Doyle
Plaintiff says on/about March 10, 2020, it entered into a commercial lease agreement for 10515 Havana Ct., Brighton, paying $6,500 per month toward the purchase price of the property, and to date has paid a total of $51,515 for the option and purchase, per terms of the lease. Plaintiff says defendants have refused to accept plaintiff’s exercise of the option, and closed on the sale of the property to a third party in January, but have not repaid plaintiff in accordance with the lease. ....

United States , El Paso County , Ciudad De La Habana , Colorado Springs , Elk Creek , Miller Cohen Peterson Young , Bill Peterson , Brittanyd Reinke , Alanna Boswell , Sarah Young , Keitha Novick , Roberth Miller , R David Scheid , Harryl Simon , Tiemeier Stich , Cynthia Lowery Graber , Philipa Goiran , Andrew Petrie , Jonathan Lebsack , Maxs Stich , Scheid Cleveland , Jeanc Arnold , David Riggle , Ballard Spahr , Jillm Doyle , Innovative Renovations Inc ,

City agreement would clear up debt from closed company


City agreement would clear up debt from closed company
A crowd celebrates the opening of Stolar Research Corp.’s Rio Rancho building in 2013. The company closed in 2015 and dissolved in 2018. Nature’s Toolbox is now leasing the facility. Dean Hanson file photo.
The Rio Rancho Governing Body has approved a settlement arranging for a private company to catch up on back payments it owes through a 2013 economic development agreement.
During their virtual meeting Thursday evening, governing body members voted unanimously to update the ordinance that authorized the issuance and sale of industrial revenue bonds to help recruit scientific research company Stolar Research Corp. to Rio Rancho. Mayor Gregg Hull voted in the absence of City Councilor Daniel Stoddard. ....

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