Capital Trust Agency

Gulf Breeze audit and legal pressures grow

Gulf Breeze audit and legal pressures grow

The state audit that City of Gulf Breeze officials tried to avoid is expanding at a time when the municipality just lost the latest round of a controversial and costly property rights case. City Manager Samantha Abell told the Navarre Press that the Florida Auditor General’s operational review, which began last April, is requiring her […]

Gulf Breeze mayor’s race in the making

Gulf Breeze mayor’s race in the making

Challenges by some Gulf Breeze City Council members over delays in their requests for specifics about the municipality’s mounting legal fees are putting Mayor Matt Dannheisser on the political hot seat. In fact, in a city where unopposed candidates are the norm, three of Dannheisser’s colleagues on the council are thinking of running against him […]

Follow the trail of money

Follow the trail of money

This week’s story by Rob Johnson on the Fairpoint refinancing sheds a lot of light on the entire deal that is now for all purposes – dead. Fairpoint’s board president, Buz Eddy is looking a little contrite after causing quite the stir over the supposed urgent need for refinancing Fairpoint’s debt. He and fellow board […]

Rancor over red-light cameras resurfaces

Rancor over red-light cameras resurfaces

  Retired Navy Senior Chief Geoff Ross recently looked for hot-button issues in his candidacy for the Santa Rosa County Commission and hit on a controversial target in the red-light cameras used for traffic enforcement. Read the full article in the Jan. 25 issue of Navarre Press. Subscribe online at navarrepress.com for as little as […]

Fairpoint debt deal appears dead

Fairpoint debt deal appears dead

The controversial loan restructuring that would have raised the debt total of Fairpoint Regional Utility System by about 40 percent took a big hit last week when Holley Navarre Water System voted in a new board. Fairpoint needs the support of all three of the collective’s member utilities, and the likelihood of getting that from […]

Gulf Breeze makeover needs investors

Gulf Breeze makeover needs investors

The City of Gulf Breeze’s recent $30 million request for BP oil spill funds is part of a push to solve its identity crisis. The beachy hamlet of about 6,000 souls “currently lacks a ‘Town Center,’” according to the makeover proposal submitted by City Manager Samantha Abell. Creating a new civic and commercial core would […]

New houses rise from teardown sites

New houses rise from teardown sites

The number of Santa Rosa homes torn down to build new and bigger ones has nearly doubled since 2012, and the trend is evident from Milton to Gulf Breeze. “I think it’s a healthy sign for the real estate market,” said David Peaden, executive director of the West Florida Homebuilders Association. Read the full article […]

Gulf Breeze struggles to balance budget

Gulf Breeze struggles to balance budget

Find me the money. That’s what City of Gulf Breeze council members are saying to department heads and their accountant as they try to escape a pool of red ink welling up in the budget for next year. Although the municipality of about 6,000 residents boasts an affluent image with average housing values topping $240,000– […]

Gulf Breeze won’t buy troubled Club II

Gulf Breeze won’t buy troubled Club II

Renee Bookout says someone phoned her last week to suggest that the City of Gulf Breeze buy the financially strapped Club II tennis and swim facility. But she quickly rejected the idea. Although known for its investment forays into businesses that include a golf club, a water utility and municipal bonds, the town of 6,000 […]