Thursday, 07 November 2013 15:32
By Willis Mahannah - Editor / After a brief executive session last night (Tuesday), West Point’s City Council voted 5-0 to dismiss a lawsuit it filed in 2011 seeking damages from two companies that repaired what, at the time, was the city’s main reserve electrical generator and engine.
In exchange, the city will receive $375,000 from Reynolds-French & Co. and Exline, Inc. The city’s initial lawsuit had attempted to recover $845,639 in damages, plus any lost profits that could be proved.
The city will file papers with the District Court of Cuming County to dismiss the lawsuit once payment is made.