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MEADOWS OF WEST MEMPHIS v. CITY OF WEST MEMPHIS

No. J-C-85-207.

625 F.Supp. 457 (1985)

The MEADOWS OF WEST MEMPHIS, An Arkansas Limited Partnership; Robert E. McCarley; and James C. Rainer III, Plaintiffs, v. CITY OF WEST MEMPHIS, ARKANSAS; Bill Burnett; Roger Sumpter; Clarence Guin; Doug Morris; Robert Jackson; Pritchard Horton; Joe Brasfield; Randy Dalton; Larry Shelton; and James Cooper, Defendants.

United States District Court, E.D. Arkansas, Jonesboro Division.

December 13, 1985.

Attorney(s) appearing for the Case

Rieves & Mayton, West Memphis, Ark., for plaintiffs.

David H. White and Winston Bryant (City of West Memphis atty.), Robert Smith, City Atty., City of West Memphis, North Little Rock, Ark., for defendants.

ORDER

HENRY WOODS, District Judge.

Pending before this Court is the defendants' motion to dismiss. Having reviewed the record, the Court finds that plaintiffs' complaint is not ripe for adjudication.

The record indicates that plaintiffs had arranged to finance a housing development for low to moderate income families through the Arkansas Development Finance Authority Multi-Family Housing Renewal Bonds, (FHA ISSUED MORTGAGE LOANS) 1985 Series C, pursuant...

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