Resaca attorney Peter Olson told the city council at their regular monthly meeting that the law firm which handled the closing of the city’s purchase of the property settled a lien in the amount of about $18,000 against the property out of court. Olson said the title insurance company had agreed to take the defense should the matter have to be settled in court.
The Law Firm of Leggett, Vaughn, and Clements took out the lien against the title of the property for services provided to the former owner of the home, Clyde Runion, who had been locked in a lengthy legal battle with the city over making the street in front of it private. The court found in favor of Runion, saying that Ingle Circle was a private road. Not long after that, the home went into foreclosure and was purchased by the City of Resaca from the bank.
In other Resaca news:
The City received a copy of the proposed resolution to enroll the city in the National Flood Insurance program. Although about 50 percent of the city is in a flood plane, only about 15 homes and 20 other structures are in areas designated as such, said Olson. By entering the program, it will give residents the ability to purchase flood insurance at a lesser rate than private insurance.
Inquiring minds want to know.