(A) Required registration. Any owner of real property in the city, which real property is used as rental housing, shall be required to register all such properties on an annual basis, by January 31 of each year.
(B) Forms. The registration forms shall be available at the office of the City Controller, and no registration or renewal will be accepted by that office without a showing of full liability, fire, or other insurance equal to the value of the property insured, Including the cost of demolition of the property. Alternately, a bond or letter of credit from a federally insured financial institution may be filed with the Office of the City Controller in an amount equal to the value, of the property insured or an amount as set by the city from time to time, whichever is greater, which will be used to cover the cost of demolition if necessary.
(C) Annual rental registration and inspection fee.
(1) There shall be an annual rental registration and inspection fee assessed for each “rental unit community” (as defined by I.C. 36-1-20-1.5), building or parcel, equal to an amount as set by the city from time to time, or the maximum permitted under state law, whichever is greater, due with the registration form.
(2) Failure to register any or all real property utilized as rental housing shall constitute a violation of this subchapter and shall subject the owner to a fine not to exceed an amount as set by the city from time to time per unit.
(D) Continuing violation. Each day of the violation shall constitute a separate and actionable offense. Initial registration is required within 30 days of the effective date of this subchapter or within 30 days of obtaining the title to rental housing real property.
(E) Late fee. There shall be a late fee in an amount as set by the city from time to time assessed for each dwelling or rental/rooming unit not registered by April 15, 2009, and April 15 of each year thereafter.
(Ord. 09-0020, passed 9-28-2009; Ord. 16-0013, passed 11-14-2016)