2024-123 Ordinance Amending City Code Chapter 70.2 Registration of at Risk Properties

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Exhibit A an inspection shows a change in the property's occupancy status the mortgagee shall,within fifteen (15) days of that inspection, update the occupancy status of the property registration. C. Within fifteen (15) days of the date any mortgagee files a foreclosure action, the mortgagee shall register the real property with the C4t-y Registry, and, at the time of registration, indicate whether the property is vacant, and if so, shall designate in writing a property manager to inspect, maintain, and secure the real property subject to the mortgage under a foreclosure action. A separate registration is required for each property under a foreclosure action, regardless of whether it is occupied or vacant. D. Initial registration pursuant to this section shall contain at a minimum the name of the mortgagee, the mailing address of the mortgagee, e-mail address, telephone number and name of the property manager and said person's address, e-mail address, and telephone number. E. At the time of initial registration each registrant shall pay a non-refundable semi- annual registration fee of Two Hundred Dollars($200.00)for each Residential property,and Three Hundred Fifty Dollars ($350) for each Commercial Property. Subsequent non-refundable semi- annual renewal registrations of properties shall be the same as initial fees and fees are due within ten (10) days of the expiration of the previous registration. Said fees shall be used to offset the costs of. (1)registration and registration enforcement,(2)code enforcement and mitigation related to defaulted properties, (3) City neighborhood revitalization initiatives, and (4) for any other related-purposes as may be adopted in pelie by the City Council. None of the funds provided f r in this seer o shall be utilized f r+ho legal defense of f,.o„lostt a aefien. F. If the mortgage and/or servicing on a Registrable Property is sold or transferred, the new mortgagee is subject to all the terms of this Chapter. Within ten(10) days of the transfer, the new mortgagee shall register the property or update the existing registration. The previous