(A) The creditor of vacant, foreclosed property or the owner of vacant real property shall pay an initial registration fee of five hundred dollars ($500) and if the property remains vacant for more than six (6) months thereafter, then the property owner shall pay a second $500 registration fee, and for each year after payment of the initial registration fee, the creditor or property owner shall pay one thousand dollars ($1,000) annual registration fee until such time that the foreclosure action is dismissed, the property is sold at a judicial sale, the property is reoccupied or until the property is transferred to an unaffiliated third party.
(B) If registering property under § 157.03(B), the same fee schedule set forth in § 157.04(A) shall apply; however, payment of the initial registration fee maybe deferred by the property owner for ninety (90) days from the date of registration if the real property is publicly advertised for sale or rental by the owner or the property owner is actively rehabbing the property for occupancy or resale. The city may grant a second deferment from paying the registration fee for a period of another ninety (90) days upon written request from the property owner to the City Code Enforcement Director or his or her designee, but only if the real property is still publicly advertised for sale or rental by the property owner or still undergoing rehab for occupancy or resale and the property owner provides proof that a reasonable effort is being made to sell or rehab the real property.
(Am. Ord. 2017-2, passed 3-7-17; Am. Ord. 2018-7, passed 7-17-18; Am. Ord. 2021-14, passed 9-7-21)