City follows through with Suit
Ron Bolin – June 18, 2010
On Tuesday, June 15, the City Of Nanaimo filed a claim in the Supreme Court of British Columbia against Millennium Nanaimo Properties Ltd. and Suro Development Company (what ever happened to Triarc?) for the recovery of $3,045,058.02 in fees, cost charges and expenses provided to them by the city under the amended partnering agreement. A copy of the filing is here: [Court Filing No. Nan-S-S-60133]
It now remains to be seen when and how this suit proceeds. At best we recover our money. At worst we should learn a lot about the level of due diligence performed by our representatives in City Hall. Pay attention folks. We are talking a whole lot of money and a whole lot of responsibility.