DIXON- Mayor Jim Burke had a busy last couple of days. After 17 hours of mediation a settlement was reached concerning the $53 million dollar embezzlement by Rita Crundwell.
"It’s huge. It’s a huge deal, it's a huge deal for the City of Dixon and I couldn't be happier with the settlement," said Burke.
$40 million dollars will be paid to the city plus an additional $10 million dollars from auctioning Crundwell's assets, minus $10 million dollars in expenses.
The city isn't finished yet.
"The judge had a ruling that has allowed the U.S. attorney's office to go after assets that were obtained with other than city funds," explained Burke.
Assets like two farms Crundwell owns with her siblings.
After expenses the City of Dixon will recoup $40 million dollars total. A number residents in downtown Dixon are surprised about.
"It’ll put closure on it for sure. It will also take care of some things that are kind of loose ends. Like different things that need to be done that she took away from us," said Lifelong Dixon Resident Linda Brantley.
The settlement restoring hope in this small community.
"I was at the stoplight on the phone with some media and this guy comes up alongside me, he honks the horn and gives me the thumbs up. I think that's going to be the reaction all over town,” said Burke.
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