Deltona soccer club sues over land deal - The DeLand-Deltona Beacon

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Nathan McDonell for Florida State House of Representatives, District 26

Deltona soccer club sues over land deal

By Al Everson
BEACON STAFF WRITER

posted Feb 16, 2010 - 8:37:17am

The Deltona Youth Soccer Club is suing to recover land one of its former directors sold to a company in which he had a financial interest.

The club filed a 31-point civil suit in the Volusia County Circuit Court Feb. 3.

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The complaint names Intrinsic Investments Inc. and former club director Charles Vance as the defendants. According to the lawsuit, Vance was director of the soccer club, and his wife, Jayne, was a shareholder and secretary of Intrinsic.

The lawsuit also names Deltona Mayor Dennis Mulder, who was president of Intrinsic Investments at the time of the land sale in 2006.

The suit says Vance orchestrated the sale of the property, and that Vance and Mulder “at all relevant times hereto, shared a close personal relationship.”

The lawsuit claims Intrinsic bought the property at a price “well below fair market value at that time” and in a deal that was favorable only to Intrinsic, not the soccer club.

The 12.8 acres are on the southeast side of Deltona, near the intersection of Fort Smith and Humphrey boulevards.

The lawsuit is a foreclosure action. The club claims Intrinsic failed to make “the interest payment due on April 01, 2008 and all subsequent payments.” As well as trying to recover its land, the club is asking the court for compensation for its court costs and other legal expenses.

Neither Vance nor Mulder could be reached for comment.

— al@beacononlinenews.com

Reader Comments

The comments posted below are posted by readers, not by The Beacon staff. These comments express the views and opinions of the authors, and not the administrators, moderators or webmaster. The comments forum is governed by these rules. Please use the report abuse link if you find offensive comments.

duh | posted Feb 25, 2010 - 9:08:30pm

the new folks are cleaning up the mess from the old folks...the only people that would circulate emails like that would be ones that are mad about something not going their way...I would give you two guesses who they might be...who knows enough to spin it?...it's so obvious

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Si Campbell | posted Feb 22, 2010 - 9:43:07pm

Feb. 22 an email was received by club parents with serious allegations concerning current directors of the DYSC. How do these allegations fit in with this article, the West Volusia news article, etc.?

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Billy | posted Feb 17, 2010 - 9:37:32am

Too many people with too much money and not enough brains. (that goes for all sides - the soccer club, mulder and his "close personal friend")

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Mulder is a Joke | posted Feb 17, 2010 - 5:21:42am

Mulder needs to go down for this one. Some time in prison for this jerk would be nice. Shame on you Mulder you have no honor what so ever. Maybe now the tax payers and voters will see you for what you are. You make me sick.

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what??? | posted Feb 16, 2010 - 4:42:11pm

The Mulders and the Vances owned Intrinsic at the time of the sale so therefore a forclosure against Intrinsic would be the same as a proceding against Mulder and Vance. Logical???

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Rumors | posted Feb 16, 2010 - 4:39:37pm

Don't spread rumors about what people do for a living. I researched that statement from swvolusia.com and it was a a small claims suit for less than $5000 owed due to that company filing bankruptcy. The judgment was never even recorded or collected because the campany was bankrupt.

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Mickey | posted Feb 16, 2010 - 2:17:25pm

Soccer club was going great until the current president, friend of a district 2 commissioner took over. He makes a living out of filing lawsuits against sports organizations and destroying them. If the land borders your home...make an ofer to buy if you're so concerned.

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Goattrail | posted Feb 16, 2010 - 1:48:48pm

The land in question borders my home and back in 2006 several neighbors atound this property had a meeting with Deltona Mayor Mulder. He basically stated his company had aquired the land legally, but it seemed shady that such a large piece of land on a big lake could go for so little.

So glad to see this come to light, but it makes think about how many other questionable things this mayor has done in the last few years.

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Jamie | posted Feb 16, 2010 - 1:38:12pm

Never knew a director could sell property without a majority of a board approval. A question? Where does the lawsuit name Mulder? Not on Volusia County records....just the imagination of the Mulder hater Everson. Good job and great fictituous reporting....again!

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Greed | posted Feb 16, 2010 - 12:45:47pm

Fleecing a non-profit organization and the children of a low income community is just pathetic. How did the club get the land in the first place? If it was willed by a deceased citizen that makes it even more pathetic. This may be a foreclosure proceeding but it sounds more like a criminal act to me.

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Muddogs | posted Feb 16, 2010 - 8:59:34am

Deltona's Wonder Boy Mayor strikes Again!!!

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