Page 4 February 17, 2010
The Newscaster/Nature Coast News
Real Estate Today
Attorney Advises March 9 Election is On
Town Passes Emergency Ordinance
Here's One Viewpoint
A Guest Commentary by Darryl Diamond
At the February 9th meeting of the
the north side of his property taking away
dian house price of $142K may drop 31%
Inglis Commission the better part of an hour
his right to exit there. Fugate said White’s
this year. Finally, coming
In a recent issue of Fortune
was Levy County Sheriff Johnny Smith and
loss in First District Court of Appeals ruling
in at the 100th worst city
Magazine Mark Zandi chief economist for
Capt. Evan Sullivan with a discussion of the
concludes the over 2 year case unless White
in the country is Miami
Moody’s predicts the housing market to
level of service Inglis would receive from
appeals in the Florida Supreme Court. White
with a median house price
continue to suffer, but with a turnaround
Sheriff’s Department if Inglis un-incorpo-
said Fugate s untimely filing meant White
of $183K and a projected
sometime next year. He predicts that the av-
rated. According to Smith his department
did not have to pay the town’s part of the
drop of up to 33% of their
erage home throughout the US will drop an-
would have to provide law enforcement to
$60,960.54 case.
value for 2010. Yikes!
other 5 to 10% more over the previous two
Inglis by State Statutes. Many things would
Michael Peters challenged the
The good news is that these same
years, with some of the worst effected areas
have to be factored in. It would ultimately-
town’s legal notices not being properly ad-
economists predict a major turn around for
dropping over 30%. If you presently have a
end up with the county commission.
vertised. Peters said the notices put in an-
2011, with a modest 1% or less drop for all
two hundred thousand dollar home, using
Under Attorney Comments on the
other paper which only reaches 454 citizens
of these same cities. These figures are predi-
the average 10% drop in value it could slide
amended agenda was an additional item
in all of south Levy from Gulf Hammock to
cated on a major slow down in foreclosures
down to $180K by the end of the year. The
called Emergency Ordinance to allow the
the Marion County line, should be put in the
for 2011, with the additional effect of the in-
more pressing news is that according to the
March 9th election  to proceed. Michael
Newscaster because it reaches every voter in
vestors buying up all of the “giveaway bank
same article in Fortune Magazine, Florida is
“Drew” White, a candidate in the March 9
this municipality.
foreclosures” this year. For an example, say
the worst state in the country for amounts of
election protested the election date being
Attorney Fugate was asked if it
you have a nice $200K home for sale, and
predicted foreclosures for the 2010 year.
moved out of what the charter called for.
was a conflict of interest that he is handling
the banks are selling three similar homes
The net result is that Florida has
White said he wanted it done as in the last
the dissolution of Inglis issue when he will
on your street for $100k you need to wait
the predicted potential for over 30% more
50 years. Sam Robertson asked “what kind
be the biggest loser if it passes. Fugate re-
for the banks sell their properties first so
depreciation in some cities. Out of one hun-
of emergency is it? Like the health care bill,
sponded if it were a conflict of interest, I
the market corrects back to the $200K price
dred cities throughout the country examined
you are trying to push it through.” Michael
would have heard about it before now. The
range.
by Mr. Zandi, Florida dominates the top 10
Peters said “if you change the advertising
commission did not vote to let the people
Mr. Zandi feels that the market will
worst in potential drops in value for this year.
tomorrow you could make the election legal
decide fate of the town on the March 9th
clear out these properties by early 2011,
Jacksonville comes in at the 92nd spot with
and on March 18, it’s not about petitions,
election. Clerk Sally McCranie said they
which will be great. He explains that with
a median house price of $145k predicted to
it’s about a legal election.” Again candi-
would have to ask town attorney if they
housing more affordable today people are
drop 22% percent this year. Tampa with a
date White responded “you do understand
could have a special election. Karen Goode
starting to buy, and with the construction
median house price of $135 is predicted to
I oppose that?” The commission voted and
stepped to the podium and said the state stat-
slow down sales will start to eat up excess
drop 23% this year. West Palm Beach has
passed the ordinance.
utes say the town SHALL give the people
inventory.
a median house price of $223K is predicted
Attorney Fugate again said dis-
the vote if they met the criteria.
With this information, I guess the
to drop 24% this year. Bradenton with a me-
solution of Inglis can’t be done by charter
Under New Business the March 9
best advice is if you have your property list-
dian house price of $152K is predicted to
amendment petitions, that they waited too
town meeting will be moved to Thursday the
ed for sale you may have to wait a year or
drop 26% this year. Ft Lauderdale with a
late to get this in, when it was reported that
11th because of the election. Mayor Lake
so to get your price. When the turnaround
median house price of $187K may drop as
10% of petition signatures had been certified
reported on going to a North Florida Eco-
does occur, you may be in for a pleasant sur-
much as 30% this year. Orlando with me-
by Supervisor of Elections Connie Asbell.
nomic Development Meeting. Mayor Lake
Squawk Box  - Continued from page 1
There as a first reading of new
reported on a grant that would allow free
charges for public records. Fugate brought
Wi-Fi internet for Inglis. Sherman Linder
The CCSO is serious about stamping out child-porn. If you think someone has contacted
up the Bert J Harris lawsuit filed by Michael
stood up and said that would be 24 mega-
your child online inappropriately or you have tips leading to people who possess or traffic
White over Inglis voting to allow fencing
bytes and it would be slow.
in child-porn, call the CCSO first (http://www.sheriffcitrus.org/contacts.aspx)  (352-726-
Coastal
Hair Port
1121). You can also report suspected abuse to the National Center for Exploited/Missing
Children (www.missingkids.com).
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