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City settles development claim with development finance company

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It's one thing when a housing developer has financial hardships and dissolves the company. It's something entirely different when the finance company that assured that developer falls into financial straits.


That's what the city of Farmington has found out. On Monday, the Farmington City Council agreed Monday to settle a claim with Lakeland Construction Finance, putting an end to a more than two-year struggle with the ailing finance company.

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Michelle Leonard
Michelle Leonard started covering the Farmington community in June, 1994. Michelle earned her Bachelor of Science degree in Mass Communications: News-Editorial from Mankato State University in 1991. She is an active member of the Farmington American Legion Auxiliary Unit 189, and acts as the volunteer coordinator for the Minnesota Newspaper Museum which is open annually during the Minnesota State Fair. She has earned Minnesota Newspaper Association awards in Investigative Reporting, Local News Coverage, Feature Photography and Column Writing. 
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