Monday, 22 September 2008 00:55

Ridge Business Park Lien

slide10.pngBy Holly Boitano -

The City of Sutter Creek last week granted a request from Ridge Business Park to place a lien on the property as security for payment in lieu of $50,000 in permitting and processing fees. The project developer, Tara Hassidy, pled the case for the lien request before the City Council Monday night. Hassidy said that she and her family are into the project for $2.2 million, and have suffered some unfortunate circumstances with their contractor as well as with their bank. The developer is currently seeking to file a final map for a condominium type business park on Ridge Road, consisting of 9 condo units. Two of those units are currently in escrow, which the developer will use the part of the lien money to settle. The developer will then pay the $50,000 in fees with revenue generated from the settlement.