Multiple sources say a potential settlement is being worked on in the North Little Rock School District’s lawsuit against the city over the illegally drawn midnight tax increment finance district, approved in the waning minutes of 2008. Mayor Pat Hays and his accomplice, City Attorney, Jason Carter, gerrymandered a district along city streets to pull a completed $30 million apartment project, The Enclave, into the district to swell the amount of tax dollars the city could convert from school to city use.
My efforts to dislodge papers on the proposed deal fell short this afternoon, though I was promised something by tomorrow. I also couldn’t shake loose comments from the school superintendent, school board members, the district’s attorney or city officials. But I heard enough to be confident something is up.