Olympic Construction, Inc. v. Village Centers, Inc. (In Re Village Centers, Inc.)

ORDER

JOYCE BIHARY, Bankruptcy Judge.

This case is before the Court on a Motion for Relief from the Automatic Stay filed by Olympic Construction, Inc. (“Olympic”). A hearing was held on the motion on October 20, 1987, 1 and the parties submitted briefs to the Court following the hearing.

The facts, briefly stated, are as follows. In late 1983, the Debtor Village Centers, Inc. (“VCI”) entered into a construction agreement as owner with Olympic, as the contractor, to build a condominium project known as the Paces Run Condominium. Olympic filed a claim of lien in the amount of $228,234.73 for…