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Tax Adjustment Specialists sues Real Development over $18,000

WICHITA — The $5.6 million mortgage that "Minnesota Guys" Dave Lundberg and Michael Elzufon recently received helped with one headache, but hardly all of them.

"We just paid out $5 million to cure all our problems at the (Wichita) Executive Centre two weeks ago, and now we're working on the balance of the problems," Lundberg says.

It's not fast enough for Wichita's Tax Adjustment Specialists, though.

Real Development, Lundberg and Elzufon's company, owes the group about $18,000 for help with tax appeals a couple of years ago.

Tax Adjustment Specialists helped Real Development save about $61,000 by appealing to the county to lower appraisals on a few of its buildings.

That's not in dispute.

There's a court date Friday, though, over a civil suit Tax Adjustment Specialists filed in Sedgwick County District Court over lack of payment.

"We were supposed to be paid at that (loan) closing, and we weren't," says attorney Jim McIntyre, who is representing the tax group.

"They made a promise to us that if we sort of put things in limbo (while waiting for the loan) then we would be paid in full," McIntyre says. "That hasn't transpired."

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