Town Of Century Files Foreclosure Against Helicopter Technologies

September 3, 2008

The Town of Century has filed mortgage foreclosure papers against Helicopter Technologies, Inc. in Escambia County Circuit Court.

The Helicopter Technologies building in the Century Industrial Park was financed by the Town of Century in 1991 for $420,000 according to filed documents. The company currently owes the town about $450,000, Mayor Freddie McCall told the told council at the July meeting at which the council voted to begin emergency foreclosure proceedings.

The town’s attorney, Matt Dannheisser, located Helicopter Technologies owner Georges Van Nevel (pictured left, file photo) in Hong Kong and contacted him by email, McCall said.

“He answered some, but he did not respond to others,” McCall told NorthEscambia.com. In those emails, Dannheisser forwarded legal papers to Van Nevel to sign the building back over to the town, the mayor said, but Van Nevel never signed and returned the papers. The town was prepared to forgive Van Nevel’s entire debt if he signed the building back over to the town.

At the council’s  July 7 meeting, the mayor told the council that Van Nevel told him that the building would be sold to a Pensacola buyer by July 11. NorthEscambia.com learned on July 10 that the sale was off and the buyer was backing out.

McCall said that a clause in Helicopter Technologies’ contract with the town gave the town the option to “take back” three lots around the building, and he said the town would take possession of those lots.

Pictured top: The inside of the Helicopter Technologies building in the Century Industrial Park earlier this year. NorthEscambia.com exclusive file photo, click to enlarge.

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Written by William Reynolds · Filed Under News