CVSID Lawsuit Settlement Statement and Term Summary
Executive Statement Summary
August 12, 2026
The Cherokee Village Suburban Improvement District (CVSID) has reached a mediated settlement agreement to resolve a complex community lawsuit filed in November 2025 regarding annual assessment procedures, avoiding potential multi-million dollar liabilities, asset freezes, or operational bankruptcy. Under the terms, the District will pay a consolidated settlement of $470,000 in two equal annual installments, while property owners benefit from an interest recalculation from 6% down to 3% for tax years 2023 through 2026, allowing payments to pay down principal balances faster. The agreement also secures partial statutory collection fee returns from Sharp and Fulton counties, establishes full mutual releases of liability, mandates public transparency for amortization schedules, and ensures the District remains fully operational to maintain local amenities, lakes, golf courses, and infrastructure.
Web Page Document Summary The official statement outlines the key terms and economic rationale behind the Cherokee Village Suburban Improvement District (CVSID) lawsuit settlement. Key provisions covered in the document include:
Settlement Payment: A single consolidated payment of $470,000 to the plaintiffs' side, split into two equal annual installments.
Interest Reduction for Owners: Assessment interest rates for tax years 2023–2026 are reduced from 6% to 3%, applying more of every owner payment directly toward the principal balance.
Voluntary Waiver Option: Property owners who prefer to keep their full assessment funds in the District’s operational budget may complete a Voluntary Payment Declaration form.
County Fee Restructuring: Sharp and Fulton Counties will return 1.5% of their statutory collection fees to CVSID for several years to support district cash flow.
Plaintiff Restrictions & Releases: Named plaintiffs will pay off remaining SBAB balances, refrain from acquiring additional district property, and grant full mutual legal releases.
Enhanced Transparency: CVSID will post settlement orders online and provide individual property amortization schedules upon request.
Once the formal settlement agreement is officially signed by the judge and processed through the court, the complete, final settlement document will be posted here on the website as soon as we are legally permitted to do so.
2026-08-12 CVSID Lawsuit Settlement and Term Explanation
Contact Information
For questions regarding this publicly read statement we made on August 12, 2026, please contact:
Quattlebaum, Grooms & Tull PLLC
Attn: Andrew S. Dixon
4100 Corporate Center Drive
Suite 310
Springdale, Arkansas 72762
or by email to adixon@qgtlaw.com
Cherokee Village Suburban Improvement District
20 Omaha Circle, Cherokee Village, AR 72529
870-257-2468
info@cvsid.org
Website: https://cvsid.org