Indiana business negotiates lawsuit settlement with Miss. county gov.
Balkamp, an Indianapolis-based NAPA parts distributor, has settled a lawsuit over the deed, lease and taxes on its former building in LeFlore County, Miss.
Balkamp closed its Greenwood, Miss., distribution center in 2009.
Board Attorney Joyce Chiles told The Greenwood Commonwealth that Balkamp gave up its claims to the building's deed. Balkamp will pay or forfeit almost $175,000 to settle the dispute.
Chiles said Balkamp will pay $50,000 to settle the county's claims to back rent.
The two parties also resolved a dispute over back property taxes on the building. Through a subsidiary, Balkamp had bought the building at tax sales twice, in 2010 and 2011.
As part of the settlement, Chiles says Balkamp also agreed to let the local governmental entities keep the $123,000 in proceeds from the tax sales.
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