[castlelake]

This turned out to be a fraudulent scheme run by individuals from SID/special improvement district associated with the city of Cherokee Village. Read the text of the lawsuit Kronkosky versus Cherokee Village/SID, easy to find online. Cherokee Village had settled with them last year.
Looks like auctions were bogus and no one was expected to big due to lack of marketable title, it all went to land company and was meant to tunnel the money from later-sold tax-foreclosed lot out of the city (while the residents faced levy hikes). Shady as hell.

[TRex2]

There is at least one article on the Kronkosky vs the city and land company case:
https://www.areawidenews.com/story/2903534.html
(All dates are 2021, unless otherwise specified)

The Cherokee Village Suburban Improvement District (SID) held a special meeting Thursday, Aug. 26, at 5 p.m. at Omaha Center to discuss the lawsuit filed by Cherokee Village (CV) property owners in 2018 against the City of CV, SID, the American Land Company (ALC) and Sharp County. A potential settlement agreement had been proposed by the plaintiffs facing an upcoming bench trial to begin on Monday, Aug. 30. Commissioner Jim Best called the meeting to order.

Commissioner Best said, “That’s what we are accountable for by charter, upheld by the supreme court, the district now, since the city has been incorporated…then they’re eligible for grants, they have Ad Valorem advantage [and can collect taxes], which we cannot…so there’s got to be a division at some point in time between fire, streets, SID and the city.” Best added, “We can’t afford to do anything with the amenities side of Cherokee Village, because we have no money in the bank at the end of the year. The city has a pretty healthy budget going on right now.”

Lee offered from a citizen’s perspective, if the agreement is accepted, “It’s really in the citizens’ hands. The city is going to come to you very soon and say ‘Hey, we want to increase your taxes to get your roads taken care of because now, we’re not going to get [any funds] from SID anymore. We’re going to increase your taxes to keep our fire department where it is.’” It will be up to the citizens to vote.

After more discussion, including addressing questions from the audience, the commissioners voted on two issues. The first was whether to accept the settlement agreement in the lawsuit. The second was whether to agree with the contract change with ALC to set up a payment agreement, for a lesser amount, in exchange for ALC opting out early. The first vote on the settlement agreement was easily accepted by the commissioners unanimously. The second vote on a modified contract with ALC came with some hesitancy, but ultimately the three commissioners agreed to accept the terms of the modified ALC contract. Many of the SID members on the commission and in the audience applauded energetically at the end of the meeting and headed for the special meeting to be held at the CV City Hall.

Legally and structurally this appears to be a mess, but I suspect that is just the way things are when governing and taxing bodies are created ad hock to fill needs, as they arise.

[castlelake]

Originally Posted by TRex2

There is at least one article on the Kronkosky vs the city and land company case:
https://www.areawidenews.com/story/2903534.html
(All dates are 2021, unless otherwise specified)

Legally and structurally this appears to be a mess, but I suspect that is just the way things are when governing and taxing bodies are created ad hock to fill needs, as they arise.

Here's the text of the lawsuit itself/amended complaint 2020.
http://cvsid.org/wp-content/uploads/...int-_Sharp.pdf
It has a drawn diagram of the scheme to tunnel money out of Cherokee Village, involving the 3rd party aka land company. Basically, the governance selling tax-foreclosed lots and the land company having 95% of that money through a complex scheme, not clear where all the money ended up but I can guess. News articles conveniently avoid this part and focus on other aspects of the lawsuit such as SID levy issues (the contract with the land company had been terminated as a result of the settlement)

Links to all the case documents:
https://caseinfo.arcourts.gov/cconne...ate=&end_date=

Post-settlement legal notice to residents and another article on the settlement:
https://cvsid.org/wp-content/uploads...ublication.pdf
https://hallmarktimes.com/lawsuit-draws-to-a-close/

The heavy restrictions, enforcement and extra taxes - yes, that's the way things always are when "big Gubmint" is created. Homes there seem to be getting listed with significant discount to rural Northern AR prices, by the way.

[TRex2]

Originally Posted by castlelake

Here's the text of the lawsuit itself/amended complaint 2020.
...

I think you and I are in substantial agreement on this item ...