City attorney in Ariz. wants to file suit to obtain bond payout

04/3/2013 | Arizona Daily Sun (Flagstaff), The

A city attorney for Flagstaff, Ariz., is advocating for the city to file a lawsuit to access $1.4 million tied to a performance bond for a troubled mixed-use development project. The bonding company says the bond isn't valid now that a new business has taken over the development, according to city officials, although a company spokesman declined to comment on the matter.

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Arizona Daily Sun (Flagstaff), The

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