The City is entitled to foreclose on the historic Bostwick Building and is owed a lien of $71,000, a judge ruled Friday.
The 101 E. Bay St. building, noted for its history and jaguar murals, has been accruing $100-a-day fines since March 2012.
The city foreclosed on that lien Nov. 27, a day after City Council voted to make the building a historic landmark and deny the owners’ appeal to demolish the structure. A week later it filed a motion to speed up the foreclosure process.
The decisions came after months of negotiations between the owners — members of the Bostwick family under the Guaranty Trust Investments Inc. title — and a group led by Jacque Klempf, CEO of Dixie Egg Co., fell through.
The court still will have to determine the amount of the city’s attorney’s fees and costs, which will be added to the lien total. After that is determined, the court will order the property to be sold.