Lien Times for Former One Bank CEO Scooter Stuart, Other Local Execs

by Arkansas Business Staff  on Monday, Feb. 25, 2013 12:00 am  

Steve Parks

Did you know the former chairman, president and CEO of Little Rock’s One Bank & Trust owes more than $1.1 million on delinquent state income taxes?

The debt is linked with a series of tax liens filed against him in 2007 and 2011.

The liens are tied to tax years 1998, $179,702; 2001, $38,131; 2002, $205,136; 2004, $378,581; and 2005, $337,626.

“I just don’t have any comment on that,” said Layton “Scooter” Stuart.

Stuart repaid a sixth tax lien of $36,966 for delinquent 1997 taxes in April 2011.

We understand that Stuart is making nominal monthly payments that are covering little more than the 10 percent annual interest penalty.

Meanwhile, Steve Parks and his wife, Anna Harper, have gotten square with the Department of Finance & Administration.

You might recall the state filed liens of $171,835 for unpaid taxes in 2005 and $109,342 in 2006. A third lien of $206,715 for 2003 and 2004 was added on Nov. 29. All three liens were released on Dec. 11 after the Little Rock couple ponied up the cash.

You might recall the IRS raided their Country Club Heights home in October and seized business records as part of a criminal investigation. Parks is CEO of King Coal LLC. Harper runs Anna’s Estate Sales.

Little Rock attorney Gene Sayre, who is representing Parks and Harper in their dealings with the IRS, recently resolved his own lien issue.

The Pleasant Valley Property Owners Association filed a $4,996 lien for unpaid annual POA dues dating back to 2001. The lien was filed against an undeveloped 0.68-acre lot that Sayre and his wife, Marie, own on El Dorado Drive.

Because the property is unencumbered by any mortgages or other claims, the PVPOA was positioned to launch a foreclosure action to take possession of the property if the Sayres didn’t pay up, which it did.

Each Pleasant Valley lot, developed or otherwise, is assessed an annual fee to help pay for common area maintenance, costs of operating and paying for two renovated neighborhood swimming pools, etc.

The PVPOA also asked for $1,825 from the Sayres to cover legal fees and other costs associated with the collection effort.

The court agreed the PVPOA was entitled to recover all those costs, as spelled out in the neighborhood’s bill of assurance.

We understand Gene Sayre has paid the full $6,821 to get righteous in this matter.

 

 

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Did the Fed make the right call on interest rates?