Fulton Homes negotiates out of $250K due Queen Creek

Cash-strapped Fulton Homes will not pay the entire $500,000 balance of its $3 million pledge to Queen Creek in exchange for the town not annexing Fulton's planned subdivision just outside town limits. In a 6-0 vote, the Town Council voted Wednesday night to accept a staggered settlement requested by the Tempe-based homebuilder for $250,000, which is half of Fulton's balance. In 2006, Fulton pledged $3 million to Queen Creek for parks, traffic signals and a library. "They're using our library, they're using our roads, they're using our town facilities and so it was a buy-in to a certain degree," Councilman Robin Benning said. In return, Queen Creek officials agreed to halt annexation plans for Fulton's planned Ironwood Crossing subdivision at Ocotillo and Ironwood roads.

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