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More Woes for Timberline Resorts as Court Transfers Control to Canaan Valley PSD through Receivership

By Connect-Bridgeport Staff on March 21, 2019 via Connect-Bridgeport.com

According to this report from WBOY, the Tucker County Circuit Court has placed Timberline Four Seasons Utilities into a receivership, transferring control to the Canaan Valley Public Service District.
 
In orders issued March 13, a judge appointed CVPSD as receiver for TFSU, giving it the control and responsibility of water and sewer utility operations until a further order is issued.  During this time, CVPSD is to maintain sole control and responsibility for the management and operation of the utilities; set up and maintain accounts and business records; take necessary actions to provide water and sewer service to TFSU customers; make any necessary applications to be compensated for its services and reimbursed for any expenses required to perform its duties; and receive the monies, fees and assets of TFSU and apply them to the debts, obligations and accounts of TFSU, according to court documents.  CVPSD will also not be subject to liability for the acts or neglect of the owners or manager of TFSU, former owners and managers or other persons or entities affiliated with TFSU.
 
Moreover, TFSU is ordered to take no action to prevent or encumber the receiver from carrying out its duties.  TFSU must provide the receiver with complete and unimpeded access to all components and facilities, according to court documents.
 
The court also stated that no final determination needs to be made at this time as to the long-term final disposition of the utility assets.
 
Click HERE to read the rest of the report.
 
Editor's Note: Photos from Timberline Resorts Facebook page.
 



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