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URD

02/18/2015 - 4:20pm

TERRY LOVELACE has officially signed a lease and paid more than $400,000 in rent for what will become Lost Rabbit South.

Reservoir officials should approve a lease schedule for Lovelace’s 82 residential lots on Thursday, February...

02/04/2015 - 12:07pm

DEVELOPER Terry Lovelace still hasn’t signed a lease on land he plans to develop for residential use at Lost Rabbit, but one reservoir official expected he would do so soon.

Lovelace must officially lease the 40 acres and pay an...

08/27/2014 - 1:37pm

AND, WE’RE OFF!

The Lost Rabbit bond “swap” is complete, all lawsuits have been dismissed, and all parties have signed a massive settlement agreement, meaning landowner Terry Lovelace can start work on his optioned...

08/13/2014 - 9:00am

LOST RABBIT is officially an URD instead of a PID, lawsuits should be dismissed soon, and payments on the URD bond issue could start next March.

“In the football vernacular, we see the end zone,” said Madison County Board...

08/06/2014 - 10:00am

LOST RABBIT is officially an URD and not a PID.

The Lost Rabbit Urban Renewal District (URD) Board met Tuesday and voted to terminate the Public Improvement District (PID), and to issue a $5.2 million bond to save the ailing...

07/16/2014 - 8:56am

ONE MADISON COUNTY supervisor compared the Lost Rabbit urban renewal plan to “putting lipstick on a pig,” while one of the newly appointed Urban Renewal District (URD) board members said he believes the plan will revitalize the...

07/03/2014 - 8:32am

ONCE LOST RABBIT becomes an Urban Renewal District (URD), a governing body will need to oversee it.

More than likely, that body will be a URD board, said Madison County Board Attorney Mike Espy.

“The statute allows the...

07/03/2014 - 8:18am

LOST RABBIT could be an urban renewal district (URD) by the end of summer, with three lawsuits coming to an end and public hearings starting Monday, July 7.

It appears that, at least unofficially, “everything has been settled and...

06/04/2014 - 1:07pm

UPDATE:  The public hearing on the proposed Lost Rabbit Urban Renewal District (URD) has been postponed. 

"All lawyers are working together now and we might have an expedited roll-out. But nothing likely in...

02/13/2014 - 4:00pm

OFFICIALS are taking the next steps to officially settle a lawsuit regarding Lost Rabbit and get rid of the infamous Lost Rabbit PID.

At press time, the settlement agreement still needed to be signed by Allstate Insurance Company, the...