Conneaut Lake News
One of the lots in the Flynn property area at Conneaut Lake Park has been sold and a portion of that money from the sale of Flynn lot #4 is going to the Conneaut School District will be used to pay legal fees.
It has been reported that Attorney Larry Bolla has received the check from the sale - Bolla the attorney representing the government bodies in the case, Conneaut School District, Crawford County and the townships of Summit and Sadsbury - payable to the Crawford County Tax Claim Bureau for $198,486.42.
Bolla is forwarding the check to the CC Tax Claim Bureau and has requested the Bureau issue a check to the school district which will be used to reimburse the attorney’s fees that were advanced and covered by the school district according to the cost-sharing agreement among the four governments.
Conneaut Lake Park, in bankruptcy, owes near $3.5 million to various creditors overall. A hearing on a reorganization plan is scheduled for next week.
Read more in this weeks issue.
For additional details about CLP lot sale proceeds will pay on legal fees, as well as the headlines noted below, please purchase a Monday, July 4, newspaper at area locations or a digital download of the paper.
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