MASON CITY – The owner of Southbridge Mall allegedly wrote a number of bad checks to cover his overdue tax fees, prompting Cerro Gordo county to renew a lawsuit.
On October 3, 2018, a total amount of $177,324.00 in checks was sent to Cerro Gordo county by the owner of Southbridge mall, Southbridge Mall Realty Holding, LLC, to cover overdue taxes. This action led Cerro Gordo county to drop a civil lawsuit, which was brought back in September.
However, on Monday, the Cerro Gordo County Treasurer’s Office announced that they received notice that three of the four checks issued by Southbridge Mall Realty Holding, LLC for the delinquent real estate taxes and interest on the buildings and improvements known locally as Southbridge Mall were returned for non-sufficient funds.
In anticipation of this possibility, the civil action was dismissed without prejudice so that it may be brought again.
County attorneys previously prepared a written demand pursuant to
Iowa law regarding the dishonored checks.
Southbridge Mall Realty Holding, LLC failed to comply with the
written demand, Patricia J. Wright, Cerro Gordo County Treasurer, said in a statement.
“Our attorneys will be refiling the civil action with additional claims for punitive and exemplary damages as allowed by Iowa law.
On advice of our attorneys, my office will have no further
comment on this pending matter.”
The City of Mason City is looking to install $12 million arena and $1+ million music pavilion in Kohan’s mall, paid for by general obligation bonds backed by city taxpayers.