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City Offers 95 Acres to Settle Lawsuit

NOVI, MI-The city is forced to give away portions of North Novi park, or pay Sandstone Associates $69 million for its role in the failure of a mixed-use project. The city also agrees to another 70,000 sf of development.

By Robert Carr | Updated on September 29, 2001

NOVI, MI-To avoid a $69-million judgment against the city, the city council has decided to settle a case with developers Sandstone Associates by giving away park land. The city will hold a public hearing Monday night at 7:30 p.m. at the civic center to discuss the problem.

Mayor Richard Clark and members of the council say their hands are tied, and wish they could fix the situation without giving away public land.

However, the cost of the lawsuit, compounding at 12% interest, is too much. Residents would have to pay $237 more a year in taxes, on average, if the city had to charge them to pay the debt.

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