City to discuss factoryPublished 12:05am Thursday, June 28, 2012
NATCHEZ — The Natchez Board of Aldermen will have two back-to-back meetings today to possibly finalize approval to buy back the former pecan factory site as part of a legal settlement with one-time condo developers.
The board will reconvene last week’s recessed meeting at 4 p.m. The aldermen recessed the meeting so they could reconvene it today to discuss the city’s audit and pending litigation with Worley Brown LLC.
The board has also called a special meeting at 4:15 p.m. to discuss the Worley Brown lawsuit, “property acquisition” and “issuance of short-term notes, loans or other financial arrangements.”
The lawsuit filed against the city by the bluff condominiums development company Worley Brown LLC in September 2007 is scheduled to go to trial Friday.
City officials, however, confirmed this week that the city could be purchasing the land back from Worley Brown.
The company purchased the land from the city in May 2006 for $500,000.
The company filed the lawsuit to recoup losses caused, the company has said, when it was unable to develop land on the Mississippi River bluff as a condominium complex.
The company is seeking “rescission of contract and removal of cloud on title, and for compensatory damages caused by breach of contract,” the lawsuit states.