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DeBary council authorizes foreclosure action and up to $350,000 to resolve blighted Bank of America building
Summary
Council approved initiating foreclosure on the vacant Bank of America building at 150 US Highway 1792 and authorized the city manager to expend up to $350,000 if necessary to satisfy the first mortgage and move the property toward remediation or sale.
The City of DeBary City Council voted to initiate foreclosure proceedings on 150 U.S. Highway 1792 — the vacant Bank of America building — and authorized the city manager to expend up to $350,000 if needed to satisfy the first mortgage and related costs, council members said at the May special meeting.
City staff described a long-running compliance problem. The city manager told the council the building has been dilapidated for more than five years, reported evidence of trespass and graffiti, and that prior building permits had expired. A…
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