News

By: William Michaelis At 5:00 p.m. on August 31, 2016, Governor Rick Scott issued a state of emergency for 42 counties because of Hurricane Hermine. If you have a project that is subject to permitting requirements, this declaration could be beneficial. That is because the Governor declaring a state of emergency tolls the period remaining to exercise rights under a state or local permit or other... read more

By:  Edward L. Kelly and Karl R. Gruss Many settlement agreements contain mutual releases by the parties of claims against each other.  For institutional lenders, workouts of defaulted loans often result in the execution of such agreements by the parties.  When drafting any release language, lenders would be wise to include language restricting the effect of the release to... read more

The Federal District Court for the Middle District of Florida ruled last month that a lender does not need to show cause as a condition to enforcing an assignment of rents. In PNC Bank v. Maranatha Properties, Inc., No. 5:15-cv-563-Oc-30PRL, 2016 WL 319255 (M.D. Fla. Jan. 26, 2016), PNC initiated a foreclosure of a mortgage on properties in Marion and Lake Counties, Florida that secured a... read more

The City Council recently approved a number of changes to the Zoning Code. These include: Ordinance 2015-250-E which clarified and revised the off-street parking requirements for restaurants. The previous language required one space for each four seats plus one for each two employees. The revised language requires one space for each four patron seats, both indoor and outdoor, plus one space for... read more

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