NEW BRITAIN - Steve Gagne will be able to sell equipment from his former online radio station, The Bristol Beat, and use most of the proceeds to pay back money that belonged to his wife’s former 91-year-old client, Emil Jabs.
That decision and one to place a lien on Gagne’s house were made at a hearing Friday morning in New Britain Superior Court.
At the hearing were attorney Steve Mangan, conservator for Jabs’ estate, and his lawyer, Michael Romano.
Bradley Smolkin, representing former Bristol Town Councilor Jodi Zils Gagne and her law offices, was also present.
Zils Gagne and Gagne did not appear in court for the hearing, which pertained to a prejudgment remedy filed in October against them. Steve Gagne is representing himself in the proceedings.
The prejudgment remedy alleged that, while Zils Gagne was conservator of Jabs’ estate, she loaned Gagne $113,000 that belonged to Jabs for Gagne’s online radio station, The Bristol Beat.
Friday’s hearing mostly addressed a temporary injunction filed on Nov. 22, when Gagne attempted to sell his station’s equipment on the internet.
The injunction was primarily filed to prevent Gagne from selling the equipment, but was modified during Friday’s hearing based on a stipulation and consent agreement that was signed by all parties involved before the hearing, and then by Judge Robert Young after the hearing.
The modified injunction states that “any sale of radio station equipment” is required to “have a signed written offer to purchase that is provided to the plaintiff prior to such sale” and the plaintiff, Mangan, must “approve the sale in writing.”
The proceeds from any sale of equipment will be placed in Mangan’s escrow account, because he is Jabs’ new conservator, though Gagne will receive 10 percent of the sale as a “handling fee,” states the modified injunction.
Additionally, the agreement put a lien on the Gagnes’ house and stipulates that they are not allowed to “dispose or transfer assets.”
The lien was put on the house to make sure the loan from Jabs is repaid by securing the sum of $108,855.78 - the remainder of the loan from Jabs’ estate that hasn’t been paid back yet, according to the agreement.
Smolkin said at the end of the hearing that all parties will be “engaged in a settlement discussion.”
Lorenzo Burgio can be reached at 860-973-5088 or by email at email@example.com. Follow Lorenzo Burgio on Twitter @burgioBP.