Board yanks license of no-show developer’s company

Steven Molasky failed to appear Thursday before the Nevada State Contractors Board, costing him the general building license for his company, Pacific Contractors.

Molasky, who was issued a license in 1998 with no monetary limit, has seven open complaints against him regarding $1.2 million owed to subcontractors for his Chateau II project in the master-planned Summerlin community.

Due to changing market conditions that affected the project, Pacific Contractors is seeking refinancing through U.S. Bank.

George Lyford, director of investigations for the contractors board, said Pacific was unable to pay the outstanding money owed and the company was pursuing funding from other sources. However, Pacific was unable to give a definite date or name of the financial institution providing the funding.

Molasky compiled a financial statement for the board in October instead of a corporate financial statement as requested.

Several board members expressed disappointment that Molasky was not present for the meeting.

Rudy Romano, controller for Pacific, said Molasky was meeting with subcontractors regarding the issue at hand.

"Well, I would have thought he would be here," board chairwoman Margaret Cavin said.

Lyford said he told Molasky to attend the meeting because his name is listed as the principal on the license.

"He's got subs to pay and instead of being here, he's where?" vice chair Spiridon Filios said.

The largest amount, about $484,000, is owed to Major Builders. Alco Landscape is going after $258,000, Carrasco Concrete wants $158,000 and Original Roofing is claiming $190,000. Other complainants are C&W Enterprises, Labor Max Staffing and Lunas Construction Cleanup.

Two contractors who showed up for hearings on new application denials were granted a reprieve.

Steve Hofsaess, manager of Desert Poolscape, was denied because of a felony conviction for distribution of a controlled substance. His probation expired in September 2006. Hofsaess said that was in 1998 and he hasn't been in trouble with the law since then.

"I just want to be my own boss and make an honest living," he said.

Filios made a motion to reinstate the license application for a $25,000 limit with $5,000 bond after Hofsaess passes a trade test or gets certified as a paver.

Anthony Blake, president of Preferred Concrete, was denied a license because of a prior revocation for three claims that had to be paid from the state's residential recovery fund. He said he only had four or five complaints over five years in business and he made a mistake when he sold his company and stayed on as a "qualified employee."

He has since reimbursed the residential recovery fund, but still owes $2,200 to a collection agency, Lyford said.

Again it was Filios who moved to reinstate the application after the collection agency is paid.

Contact reporter Hubble Smith at hsmith@reviewjournal.com or (702) 383-0491.