Real Development Corp. faces $28,000 judgment and lets corporate charter lapse

WICHITA — There’s a judgment in Sedgwick County District Court against Real Development Corp. for more than $28,000 the company owes Tax Adjustment Specialists.

As Have You Heard? reported earlier this year, Tax Adjustment Specialists helped Real Development save about $61,000 by appealing to the county to lower appraisals on a few of its downtown buildings.

“I have spoken to them, and we have a payment plan,” says Real Development’s Michael Elzufon.

“I wish to God that were true,” says Jim McIntyre, the lawyer for Tax Adjustment Specialists.

“We had a deal,” McIntyre says. “They didn’t keep their word — again.”

In the process of preparing the lawsuit, McIntyre discovered Elzufon and partner Dave Lundberg let their corporate charters for several entities — including Real Development — expire.

The Real Development charter in Minnesota, where Elzufon and Lundberg are based, has not lapsed.

McIntyre says Kansas charters cost between $25 and $2,000 to maintain depending on the amount of real estate someone has.

Elzufon says the filing lapses are news to him.

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