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Bank drops foreclosure suit against Academy at the Lakes

LAND O'LAKES

Bank drops lawsuit against private school

Academy at the Lakes no longer faces the threat of foreclosure from Bank of America. "We are going to be dismissing the lawsuit," bank spokeswoman Shirley Norton said Thursday. She declined to give more details, citing a confidentiality agreement with the school. The bank began foreclosure proceedings against Academy at the Lakes in late March, saying the school had failed to make its November 2010 monthly payment on its $3.4 million construction loan. Head of school Mark Heller said he was pleased to put the legalities to the side so Academy at the Lakes can restructure its long-term debt and make progress for the benefit of its students. "It gives us space to finish our talks with the bank," Heller said of the pending end to the litigation. "There really is limited danger now of anything bad happening."

TRINITY

Motorcyclist killed in crash identified

The Florida Highway Patrol identified the motorcyclist who was killed Wednesday in a fiery collision at Trinity and Tamarind boulevards. William R. Forrest, 71, of New Port Richey, was driving a 2007 Boss Hoss motorcycle west on Trinity Boulevard just before 4 p.m. when a 2008 Honda Accord pulled into his path while entering the Fox Wood subdivision, the Highway Patrol said. Loraine Manning, 75, failed to yield the right of way, according to a trooper's report. She was seriously injured and taken to Community Hospital in New Port Richey. Charges are pending. The Highway Patrol asks that any witnesses to the crash call (813) 631-4020 and ask to be connected with Cpl. David Frye or Sgt. Heather Glenny.

NEW PORT RICHEY

Economic council adds two members

The Pasco Economic Development Council announced Thursday it is increasing its current staff by two members. Betsy Scheuer, 41, has joined the public-private partnership as the marketing and events coordinator. She holds a bachelor's degree from the University of South Florida College of Visual and Performing Arts. Scheuer was previously marketing and public relations coordinator for St. Anthony's Hospital in St. Petersburg. Krista Hakes, 31, has been named economic development manager. Her initial responsibilities include coordinating help for local businesses. She also will work on the Pasco economic gardening program, an effort that uses mostly private money to help grow existing businesses. Hakes holds a bachelor's degree in business marketing from Southeastern University. She previously worked in commercial lending at SunTrust Bank in Lakeland. "We have been impressed by the increasing level of business inquiries," said John Hagen, the council's president/CEO. "We're betting a small investment now in additional personnel will amplify our current marketing program and result in increased job creations in Pasco County."

Pasco deaths

Detailed obituaries appear in the Tampa Bay section.

Bank drops foreclosure suit against Academy at the Lakes 04/21/11 [Last modified: Thursday, April 21, 2011 8:59pm]
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