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1O.B.3. REQUEST TO SPEAK FROM BRUCE BARKETT, FOR CITY FIRST MORTGAGE <br />CORP., REGARDING THE MATTER OF LEWIS BARTON CODE <br />ENFORCEMENT REDUCTION OF LIEN <br />Attorney Bruce Barkett, representing City First Mortgage (CFM) Corporation, <br />recapped his letter dated January 13, 2010, pointing out that CFM wanted to find a workable <br />resolution/solution to the Lewis Barton code enforcement liens placed against the subject <br />property. He explained how CFM inherited the liens through the result of fines. He said the <br />fines were meant to be punishment against Mr. Barton, not CFM who inherited the problem. <br />Attorney Barkett reported that CFM would be willing to help correct the code enforcement <br />violation, and/or agree to tear down the existing structure if that is what the Board wants. He <br />disclosed that if CFM's offer of $90,000 would be accepted today, the County could receive the <br />money immediately, and CFM would tear down the house, or the County could wait for the <br />uncertainty of what could happen in the future. <br />Andy Fiske, owner of City First Mortgage (CFM) Corporation, Miami Beach, outlined <br />CFM's expenditures and analyses by using a spreadsheet (copy on file). <br />The Commissioners asked questions for clarification regarding interest, insurance, legal <br />fees/expenses, the payment figures from escrow, when CFM had obtained the mortgage versus <br />when the fines were imposed, and CFM's knowledge of the lien. <br />Mr. Fiske stressed that this had been a difficult situation due to the amount of money that <br />had been borrowed to pay for the ongoing litigation, and he reiterated that CFM is a small <br />mortgage company which deals with private investors. <br />Joel Zwemmer, Esq., representing National Title Insurance Company of New York, <br />addressed earlier concerns, and explained why it would be in the best interest of the County to <br />settle the claim. <br />24 <br />February 2, 2010 <br />