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Lien sought on IPI resort
A former contractor of Imperial Pacific International (CNMI) LLC says the casino operator owes it more than $5 million and wants the federal court to place a mechanic’s lien on the company’s hotel-casino project in Garapan and on the land that it sits on.
Pacific Rim Land Development LLC, through its lawyer, Colin Thompson, filed its notice of lien before the U.S. District Court for the NMI last Tuesday.
A mechanic’s lien refers to a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property.
Thompson said the unpaid amount that is owed Pacific Rim is $5.65 million but it wants to collect from IPI approximately $10 million in damages that would be proven at trial.
Pacific Rim is suing IPI and five unnamed alleged co-conspirators for breach of contract (construction and promissory note), and unjust enrichment.
According to Thompson in the notice of lien, Imperial Pacific Properties LLC is a wholly owned subsidiary of IPI and owns all leasehold interests in real property in Garapan, where Pacific Rim incorporated materials and provided labor for the hotel-casino complex.
Thompson said the lands in the hotel-casino complex include those from the Department of Public Lands, Commonwealth Investment Co. Inc., the Arriolas, Joaquin LG Sablan, and J.C. Tenorio Enterprises Inc.
On Feb. 13, 2018, Pacific Rim entered into a written contract with IPI to build the Imperial Pacific Resort in Garapan.
Thompson said Pacific Rim substantially completed or completed the agreed upon construction work on Sept. 30, 2018.
The lawyer said IPI, however, failed to pay the company in full for the work performed and materials supplied despite due demand.
