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County puts lawsuits on hold to work with Bank of America on developments

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By Brian Slattery

Brunswick County will put a number of bond lawsuits involving some developments on hold as part of a deal with the new owner of those developments.

In May 2012, Brunswick County went to court in an effort to complete infrastructure improvements in Mark Saunders’ various developments throughout the county.

Brunswick County commissioners voted to call bonds for several of Saunders’ properties in March 2012 and sued the bonding company, Bond Safeguard Insurance Co., in U.S. District Court.


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The Brunswick Beacon | circulation@brunswickbeacon.com | 910-754-6890
P.O. Box 2558, Shallotte, NC 28459
Office Hours are 8:30 a.m. to 5:30 p.m., Monday through Friday