STERLING — A state judge has appointed a receiver to take control of a property run by the Sterling Housing Authority.
Business Den reports that the judge on Wednesday appointed William J. Hybl, president and chief operating officer of Griffis/Blessing Inc., a Colorado Springs-based property-management firm, as a receiver to oversee the property.
The Colorado Housing and Finance Authority had requested the appointment. The agency had filed a lawsuit Tuesday against the Sterling Housing Authority, alleging default by the Sterling Housing Authority on loans of $522,000 and $60,000 that were issued by CHFA in August 1996. The loans were for an apartment complex at 1331 Platte St.
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Sterling is a city of about 14,000 located in northeast Colorado.
Editor’s Note: This article has been corrected to reflect that a receiver has been appointed to oversee a property run by the Sterling Housing Authority, not to oversee the Housing Authority itself.