Resolution approving settlement in Civic Holdings I Trust v. Daytona Ocean Rentals, LLC, et al., case number 2017-30123-CICI, brought by the mortgage holder relating to property located at 613, 615, and 617 Braddock Avenue. There are currently two inferior City code liens on the subject property which are subject to the foreclosure action, which total $40,000. The mortgage holder has agreed to accept a deed in lieu of foreclosure from the property owner and to bring the property into compliance, contingent upon the City's reduction of its code liens to $2,500.

Recommendation:  City Attorney recommends adoption of the Resolution.