Posted Wednesday, July 27, 2011 --- 9:30 a.m.
BELOIT, Wis. (AP) -- The City of Beloit has agreed to pay $270,000 to settle allegations that it sold a building with asbestos issues.
City Manager Larry Arft says the city council voted 6-0 this week to approve the settlement.
Dan Langone sued the city in 2009 claiming that the city failed to address asbestos problems in property that his company bought in 1998. The property was the former site of the city's public-works department.
A Beloit Daily News report (http://bit.ly/nCdTSu ) says the city had provided a letter to Langone's attorney guaranteeing the building had been cleaned of asbestos before the sale. But Langone says he found asbestos in 2008.
Arft says the settlement is fair for all parties. Langone's attorney, Derrick Grubb, says Monday's decision was "long overdue."
Information from: Beloit Daily News, http://www.beloitdailynews.com
Copyright 2011 by The Associated Press. All Rights Reserved.