A local developer has settled its breach of contract lawsuit against Shive-Hattery Inc., its vice president, Myron Scheibe, said Monday.
River Eagle Investments LLC has agreed to dismiss its lawsuit in Rock Island County Circuit Court against Shive-Hattery, which has an office in Moline. Scheibe also was named as a defendant.
“Everything was resolved,” Scheibe said. “We didn’t see any merit to it to begin with.”
River Eagle, which owns 132 acres along the Mississippi River, including the former Case New Holland plant in East Moline. The lawsuit stated that Scheibe, as point person on the River Eagle project, was simultaneously involved with development of a competing project two miles away in Moline.
“We were able to work it out to my client’s satisfaction,” Chicago-based attorney James Oakley, representing River Eagle, said. Oakley declined to go into details of the settlement.
Scheibe is secretary and a member of the executive committee of Renew Moline. The lawsuit claimed that Renew Moline is overseeing development of the RiverTech site, which is 15.5 acres on River Drive between 25th and 29th streets, owned by the city of Moline.
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Scheibe has denied any involvement in RiverTech. Renew Moline is a nonprofit economic development organization that offers assistance to the city of Moline, he said.
The lawsuit stated Scheibe had “caused Shive to repeatedly breach its agreements” with River Eagle and claimed the defendants were trying to extort money from the plaintiff by refusing to hand over architecture plans for the River Eagle project unless they were paid.
“We didn’t breach a contract, and we fully believe that,” Scheibe said.
The River Eagle project was announced in 2010. In November 2011, River Eagle unveiled plans for construction of an 18,000-square-foot strip center, a convenience store, a financial institution and other retail space along East Moline’s 12th Avenue. Future phases of the proposed project include more strip centers, a boardwalk along the river and restaurants and more retail on the boardwalk.