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In the city of Fort Myers, each member of the city council has $5,000 in discretionary funds through which public groups can receive donations of city funding for worthy programs.
This week, Councilman Liston Bochette questioned whether the council does a good enough job of vetting distribution of the funds, recalling his disappointment with one group he chose to fund during his prior term. I had distributed some discretionary funds and was dissatisfied by the lack of reports I got back on how that money was used, Bochette said. It makes sense that if we re going to be disbursing public funds, taxpayers money, that we follow a procedure, a letter or request a proposal how that money would be used.
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Bankruptcy judge paves way for Metronomic property auction
Metronomic filed for bankruptcy protection in September Miami / Share via Shortlink
Fuse Group CEO Eyal Peretz and Metronomic’s Ricky Trinidad with 3364 Oak Avenue (Photo via Google Maps; Fuse; Metronomic)
A U.S. bankruptcy judge this week approved Metronomic Holdings’ settlement with a creditor, clearing the way for the developer to auction 17 properties in Miami-Dade County and two near Chicago.
The creditor, Fuse Funding, had provided about $18 million in mortgages for the properties, according to court documents. Judge Laurel Isicoff approved the settlement, which calls for the properties to sell by March 15, 2021.