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ACA FINANCIAL GUARANTY v. CITY OF BUENA VISTA, VA

Case No. 6:17-cv-00013.

298 F.Supp.3d 834 (2018)

ACA FINANCIAL GUARANTY CORPORATION and UMB Bank, N.A., Plaintiffs, v. CITY OF BUENA VISTA, VIRGINIA, et al., Defendants.

United States District Court, W.D. Virginia.

Signed February 8, 2018.

Editors Note
Applicable Law: 28 U.S.C. § 1332
Cause: 28 U.S.C. § 1332 Diversity - Declaratory Judgement
Nature of Suit: 190 Contract: Other
Source: PACER

Attorney(s) appearing for the Case

Brian Aaron Richardson, Scott Carlton Ford, Richmond, VA, Michael Robert Ward, Charles Walker Terry, McCandlish Holton, PC, Richmond, VA, Steven L. Higgs, Steven L. Higgs PC, Roanoke, VA, Theresa Allyn Queen, Greenberg Traurig, LLP, McLean, VA, Timothy Carrington Bass, Greenberg Traurig, LLP, Washington, DC, for Plaintiffs.

Brian James Kearney, Heslep & Kearney, P.C., Lexington, VA, Kevin Michael Rose, Michael Willoughby Sharp, Botkin-Rose, PLC, Harrisonburg, VA, Walter Wayne Heslep, Heslep & Kearney, P.C., Lexington, VA, for Defendants.

MEMORANDUM OPINION

This case is about soured financing for a municipal golf course in the City of Buena Vista, Virginia. Through agreements in 2005, the City procured funds to renovate and service debt on the golf course. For initial purposes, one can conceptualize these agreements as creating a mortgage....

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