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FRWC EDA recoups some cash

Silent Falcon UAS Technologies

The Economic Development Authority (EDA) of Front Royal Warren County reports recovering some of their monetary losses.

The amount recovered to date includes a recent confidential mediated settlement in the amount of $460,000.

Virginia law expressly permits public bodies like the EDA to enter into confidential mediated settlements.

The EDA made the decision to agree to a confidential settlement in order to avoid what could have been an expensive contested dispute with an unknown conclusion.

The work to recover losses incurred continues as the EDA is determined to see additional compensation awarded.

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