On 7-8-22 the company Cedar Corners Management, LLC of American Fork, Utah filed for Chapter 7 Bankruptcy. Cedar Corners Management, LLC is the developer that is listed in the Master Development Agreement for the currently under construction development of Sunset Flats
On January 16th, 2018 Eagle Mountain signed a Master Development Agreement with Cedar Corners Management, LLC for the development of the Sunset Flats development. The Project consists of approximately 237.54 acres of land. The development was vested (or promised) 384 lots. Those include 59 Tier I lots, and 325 Tier II lots, with an overall density of 1.89 units/acre.
The development is located East of Pony Express Parkway and North of Bobby Wren Blvd. It extends up to Lake Mountain Road and then continues East past Lake Mountain Road.
According to documents filed with the Bankruptcy Court there were three Petitioning Creditors. They included: Construction Materials Co of Provo for $359,250.62; Jacobson Excavation of Elk Ridge Utah for $1,900,000.00 (1.9 Million); and Ralph Smith Co of West Bountiful Utah for $147,380.00. The total owed to the petitioning creditors totals $2,406,630.62 (2.4 Million).
Additional Resources
To learn more about Chapter 7 Bankruptcy and what it really means, you can visit the website provided by the US Courts. https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-7-bankruptcy-basics
Mike Kieffer – Editor-in-Chief, Cedar Valley Sentinel
Mike Kieffer is a dynamic leader and community advocate based in Eagle Mountain, Utah. He serves as the Editor-in-Chief of the Cedar Valley Sentinel, a local publication dedicated to informing, inspiring, and elevating the Cedar Valley community through honest and accurate journalism. With a passion for fostering connections, Kieffer has made it his mission to highlight local businesses, provide reliable news, and support community development.
Beyond his editorial role, Kieffer is the owner of Lake Mountain Media, LLC, a company specializing in media and communications, and the co-owner of Quail Run Farms, which focuses on sustainable farming and community engagement. He also actively contributes to the local economy and culture as a member of the Eagle Mountain Chamber of Commerce.
Kieffer’s dedication extends to preserving and promoting the history and heritage of the Cedar Valley area. He often participates in community-centered events and media, including podcasts that explore the unique aspects of life in the region. Through his varied endeavors, he remains a steadfast advocate for the growth and enrichment of the local community.