(A) Prior to filing a complaint of foreclosure or executing a deed in lieu of foreclosure on a residential real property located within the city, a creditor shall inspect the residential real property to determine whether it is vacant. If the property is vacant, the creditor shall, on the same day the complaint of foreclosure is filed or the deed in lieu of foreclosure is executed, register the property as a vacant residential property with the City Clerk for the purpose of minimizing hazards to persons and property because of the vacancy. Registration shall be made upon a form provided by the city and must be accompanied by the fee set forth in division (D).
(B) After filing the complaint of foreclosure or executing a deed in lieu of foreclosure, a creditor must periodically inspect the property for evidence of vacancy. If a residential real property becomes vacant at any time after a creditor files a complaint of foreclosure or executes a deed in lieu of foreclosure, the creditor shall, within ten business day after obtaining knowledge of the vacancy, register the property as a vacant residential property with the City Clerk and pay the fee set forth in division (D).
(C) Registration of a residential real property as vacant shall include the address of the property and the name and contact information of a person located within the Commonwealth of Kentucky who is authorized to accept services of process on behalf of the creditor.
(D) The annual fee for registering vacant residential property shall be $60 made payable to “City of Dawson Springs” and submitted to the City Clerk along with the required registration form. Should the property remain vacant for longer than one year, the creditor must renew the vacant property's registration by submitting a new registration form and annual fee to the City Clerk.
(Ord. 92B, passed 9-16-2013) Penalty, see § 98.99