Avon again delays settlement vote
Ryan Summerlin September 26, 2012
AVON – After a public meeting lasting more than six hours, the Avon Town Council Tuesday voted to delay action on an ordinance that’s key to settling a pair of lawsuits between the town and the developers of the Village at Avon.
Council members will have to vote on a series of measures to approve the settlement, including changes to the Village at Avon’s original 1998 land use agreement with the town. The number and scope of those changes has been a sticking point between the council, the developers and residents of the neighborhoods near the subdivision.
The deal needs to get done to avoid sending the lawsuits back into court. The deal is also essential to prevent a default by the the Traer Creek Metropolitan District, on more than $50 million in bonds used to finance roads and other improvements.
This story will be updated.