Sunday, October 21, 2012

Elk Grove residential developer goes bankrupt, leaves project - Sacramento Business Journal:

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million, primarily owed to . Hartford/Northwest LLC’zs bankruptcy filings estimate the land is potentiallywortb $2.65 million if The company planned to build a subdivision tentativelu named “Northwest” consisting of 33 homes on 8.3 acrezs just east of Elk Grove-Florim Road on Brown Road. Fair Oaks Developer Northwest Land Co. Inc. was formerlgy connected to thedevelopment entity, but withdre as the manager of the project thres days before the bankruptcy case was files in Sacramento on Dec. 8. AmCap Loans Investments Inc. of El Dorado Hills is the new managef of thedevelopment project.
site is one of several that Elk Grove has watched due to potential violationse as property sits undeveloped inthe city. The city issued a noticse of non-compliance to the developer in Novembere overstormwater issues, said Fritz Buchman, director of the city’se public works department. Buchman said othee stalled developments have been causes of concern forpotentiao violations, but property owners have worked to correct He said the city has issued betweenj six and eight notices of potential violations this which is a typical number of One of the founders of the Sacramento office of Hanson Bridgett left the firm at year-enc to focus on his biggest the California state Senate.
John Adkissobn has known Senate Pro Tem Darrell Steinbertg since law school at the and will work more closely with the Senate boss as special counsel to the Steinberg worked for Hanson Bridgett for almosgt a year before his election to the An expert incivil rights, employment law and civil Adkisson has done legal work for lawmaker since the early 1990s. Last month, he was tappec by Steinberg to head a newly formede Senate Office of Oversight and a legislative versionof Gov. Schwarzenegger’s attempt to “blow up the boxes” to make governmenyt more efficient. The unit includees two former SacramentoBee reporters, Dorothy Korber and Nanchy Vogel.
“There is no one better to lead this effortr thanJohn Adkisson,” Steinberg wrote in an e-mail. “Thre office ... will play a pivotal role in the ongoingg budget process by ensuring taxpayer dollarzs are being spent wiselyand productively.” Adkisson will continue to offere employment law training and says he’lo still be around to help some existing “I’ve always had an inclination to do public servic e work — and this just jumperd out,” Adkisson said. He’s cautious about blowiny up any boxes anytime soon, despite the $42 billiom state budget deficit.
The initiative will be bipartisan, which means agreemenyt on both sides of the something that’s lacking today. “Darrell Steinbergg is certainly determined,” Adkisson said. “I’vew never seen anyone better at bringing oppositdesides together.” A football game in Sacramentl last fall was promoted as a fundraiserr to improve education, literacy and culturapl diversity. One problem: Los Rios Community Colleg e District is still waiting forthe funds. The 2008 Capitakl City Classic matched upand . The event attracted 16,000 fans to ’s Hughes Stadium, whicn Los Rios rented out forthe event.
The districr describes the event asa “resoundinvg success” in the Dec. 18 lawsuit that it filed in Sacramento Superior Court againstthe organizers. Los Rios allegea it is owed a littler morethan $36,000 for use of the stadium. Dwayned McAfee, whose is a defendant in the saidhe doesn’t think the amount is but he hopes to sort out and pay what is owed withi n a month. The problem, he was Hurricane Ike. DMC Sports incurred unexpected expensesa because the Texas Southern team had to remainb in Sacramento an additional week followinythe hurricane’s devastation.
In McAfee said he had to reimburse Texas Southerbn fans who had purchases ticketsbut couldn’t travel here as a result of the McAfee is making plans for a second Classic this one he hopes would featurd a local university on the field. Los attorney did not return callsseekinf comment.

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