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SimDag received the violation letterlast June, and in Augusyt the developer was ordered to a municipal code enforcemeng hearing scheduled for Oct. 15, accordin g to court documents. The city’s code enforcement department said the Trump site was in a statse of disrepair including overgrowthof vegetation, accumulatio of debris and a damagedx fence. On Sept. 25 severalp workers with hand tools were seen tackling the heapsd ofovergrown vegetation. The code enforcementg board could levy fines of upto $5,00 per day for continued although many fines are reduced if code issuex are cleared up by a certain time.
SimDatg had made up to $700,000 in interesty from buyer depositsof $19 court documents say. SimDag had hoped to use the remaining depositt money toward cleaning upthe site. Some however, scrambled to opposre SimDag’s motion. Allena Burged of filed a response Sept. 16 claiming that the interes on the escrow payments is the property of thoses who made deposits and should not be used for site Jay D.R. Magner, who says he is still owed $240,00 0 from SimDag, also asked the judge to deny the request.
A secone buyer, Jean Shahnasarian, questioned the amount of money left in the escroqwinterest account, however, saying that the interestf earned on her cash deposit of $139,00 0 alone would’ve generated more than $20,000. “There appears to be a significanf amountof interest, which is now apparently missing, and the debtort has not disclosed its whereabouts and the escroww agent has not reported what may have happened to the fundsd if deposited into the account,” Shahnasarian’s attorney, Larr Foyale of , said in a court In his order, May said the interest fund s will remain with the unti l he decides what to do with it.
SimDag/RoBEL, whicb planned to build a 52-story condominium complex on Ashley Drive indowntowm Tampa, sought Chapter 11 bankruptcy protection June 17.
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