Elizabethton Star - Online Edition -
[Cached Version]
Published on: 11/3/2002
Last Visited: 10/15/2003
NAF attorney Stephen G. Anderson adamantly argued Monday that the judgment requires NAF to pay the city principle plus interest for the next 29 years while alleging the city is not required to make payments on those bonds until June 2013. "They haven't paid any of it out yet, and they don't pay any of it out for 10 years," Anderson told the court.
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In a motion asking Johnson to amend his ruling, Anderson wrote that the court is ordering NAF to pay $160,820 now when the city would not be required to make that bond payment until 2031.
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"If, at the end of the day, the court's conclusion is, 'it doesn't matter whether or not Mr. Green is the alter-ego of the corporations and the city loses anyway because there is no connection', then those findings that he was an alter-ego is unnecessary to the ultimate conclusion," Anderson argued.
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Anderson also said the city built the west end interceptor not as a gravity flow line, but a pressurized line that did not require a pump station."They don't need that pump at the sewer treatment plant to lift it up," he said.
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If a mediator brings the two parties together on a financial number, Anderson indicated the case would be taken to the Tennessee Court of Appeals."After that's done, the judge will sign off and we will have a judgment," said Anderson after the case, "and we'll be off to the Court of Appeals."