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4-Traders Homepage  >  Equities  >  Tokyo  >  LAND Co., Ltd    8918   JP3968800007

LAND CO., LTD (8918)
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LAND : Bresee adjudication case dismissed

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11/10/2017 | 09:18pm CEST

Nov. 10--DANVILLE -- The municipal adjudication case against Bresee Tower and Land Company of Danville was dismissed since the "unsafe structure" code violation charges by the city are in a circuit court case, according to city officials.

The city citation was issued on July 20, 2017, and had been set for an initial appearance Thursday.

The city since, on Oct. 11, filed a lawsuit against Land Company of Danville when city officials heard it had transferred the building and was no longer willing to work with the city toward a solution to the immediate danger of falling debris from the building, according to Mayor Scott Eisenhauer.

In the lawsuit, the city asks for the building to be demolished within 30 days or restored within 60 days or the building be turned over to the city. The suit says Land Company of Danville Inc. has failed or refused to adequately repair or put the building at 4 N. Vermilion St. in safe condition or one fit for human habitation or demolish it.

The city has had a lien against the corporation since 2010 for $21,693 regarding the protective pedestrian covering.

Forcht Group of Kentucky, which formerly was named First Corbin Financial Corp., gave the building and Land Company of Danville corporation to new Bresee owner Scottie Porter, executive director of Historic Restorations, Inc., of Alabama. Bresee had been placed under ownership of the Forcht subsidiary, Land Company of Danville.

Porter postponed a trip to Danville this week and says he probably will come back to the city at the end of the month.

There are no dates set in the circuit court case. Porter and his legal counsel have 30 days from Oct. 31 to file their answer to the lawsuit.

According to Porter, it likely will be a last-minute filing and then would come motions to dismiss and the other legal proceedings.

___

(c)2017 the Commercial-News (Danville, Ill.)

Visit the Commercial-News (Danville, Ill.) at www.commercial-news.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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LAND Co., Ltd Technical Analysis Chart | 8918 | JP3968800007 | 4-Traders
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Managers
NameTitle
Masaki Matsutani President & Representative Director
Masaaki Sase Managing Director & Manager-Administration
Takeshi Kanda Director
Takashi Watanabe Director & Manager-Corporate Planning
Morindo Saito Independent Outside Director
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