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Content about Foreclosure

June 5, 2012

Morgan City is short at least $814,000 in taxes owed to a special improvement district by Mount Joy, LLC, a local developer now involved in bankruptcy court proceedings.  Without payment, Morgan City officials may have to cut costs or reduce services to make a $103,000 bond payment June 1.  Developer Gray Jensen said things are in the works that could help the city make the payment.