Hope Mills approves $9.4M settlement in dam lawsuit
The Hope Mills Board of Commissioners on Monday night unanimously accepted a $9.4 million settlement in its lawsuit over the failed Hope Mills Lake Dam.
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Concrete on the Hope Mills Lake Dam failed in June 2010, 18 months after it was built to replace an earthen dam that burst during heavy rains in 2003. Emergency repairs were done immediately after the failure to stabilize the dam, but no work has been done since.
The town filed a negligence lawsuit against the firms that designed and built the dam, and the case was scheduled to go to trial in two weeks.
Hope Mills settled with Mosher Engineering last November for $158,683. The settlement reached Monday would cover the remaining defendants, and the commissioners said in their resolution approving the deal that they believe the more than $9.5 million recouped from the designers and builders would be enough to rebuild the dam and not need a tax increase to pay for it.
The settlement will be divided as follows: Crowder Construction Co., Specialized Services Inc., Morrison Engineers and their insurance companies will pay $4.25 million; McKim & Creed and its insurer will pay $1 million; and AMEC Environmental & Infrastructure Inc. and its insurer will pay $4.15 million.
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