City Commission Regular Meeting - 6:00 pm
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Agenda Item # 11.b.
Agreement regarding surplus funds
Approval of an agreement on the distribution of surplus funds related to the foreclosure sale of a property located at 118 Hialeah Avenue.
The property in question was the subject of a foreclosure sale. The City of Fort Pierce and the previous owners both claimed entitlement to post-sale funds being kept in the court registry. The parties would like to submit an agreed order dividing the funds, such that the City will receive $20,000 and the previous owners will receive $14,575.93 and any applicable interest.
Approve the agreement as presented.
Direct staff to renegotiate the agreement.
Tanya Earley, Assistant City Attorney
Peter Sweeney, City Attorney
Margaret Arraiz, Code Compliance Manager
$20,000 to general fund.
09/23/2020 02:45 PM
Form Started By:
09/16/2020 10:57 AM
Final Approval Date:
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