The Mohave County supervisors approved a settlement Thursday in the Mineral Park bankruptcy case, The Mohave Valley Daily News reported yesterday. The county will receive $4,453,235, minus about $445,000 in surcharges, in the Mineral Park, Inc. v. Arizona Department of Revenue and Mohave County bankruptcy case. The $445,000 in surcharges is from bank fees. Another about $400,000 will go to attorneys’ fees and fees for expert witnesses. That leaves the county about $3.6 million, of which about 16 percent, or about $600,000 to $700,000 will go to the county’s general fund with the rest going to the county’s taxing entities. The copper mine filed for bankruptcy in August 2014, and had owed about $15.4 million in property tax revenue for the past five to six years.
