Judge rules against Port Authority in foreclosure

Published: Thursday, February 20, 2014 at 11:08 AM.

A Circuit Court judge last week granted a motion of foreclosure brought by Capital City Bank against the Port St. Joe Port Authority.

Judge John Fishel granted the bank’s request for a final summary judgment, setting up a process that could see the Port Authority’s 60-plus acre parcel fronting the Intracoastal Canal auctioned on the steps of the county courthouse in the coming months.

Capital City Bank was charged with preparing a final order of foreclosure detailing the Port Authority’s debt.

Within 45 days or so the judge will file a final order, said Port Authority attorney Tom Gibson.

At that time the Port Authority could appeal the ruling. If the Port Authority does not appeal, the property would be auctioned on the courthouse steps, Gibson said.

If the sale price exceeded the debt, the Port Authority would owe nothing more.

Where any court appeal would be heard is unclear.



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