City of Richardson says $47 million agreement with developer at center of bribery scandal is void

The City of Richardson says it will not pay $47 million in reimbursements for a construction project at the center of a city scandal.On Monday night, Richardson City Council unanimously voted to direct City Manager Don Magner to tell JP-KBS Holdings LLC that the agreement concerning the Palisades Planned Development project is void.The project was at the center of a scandal involving real estate developer Mark Jordan and ex-mayor Laura Jordan, formerly Maczka.

After Maczka was elected mayor in 2013, she voted for zoning changes that allowed Jordan to build new apartments, contrary to her campaign promises.In exchange, she got thousands of dollars and other perks from her future husband.A jury found the pair guilty on four counts of bribery and wire fraud.In April 2015, Richardson entered into an agreement that would provide $47 million in reimbursement for construction and infrastructure expenses around the project.

Source: Real Estate Daily Report (realestatedailyreport.net)

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