(a) The NSP Committee, with assistance from other City departments, will routinely research foreclosed properties or abandoned properties within the City's corporate boundaries.
(b) The NSP Committee will evaluate, review, select and determine property to be acquired by the City pursuant to the Land Reutilization Program and NSP.
(c) The NSP Committee will perform exterior and interior inspections of each property to determine each property's designation as a rehabilitation or demolition activity.
(d) The NSP Committee will negotiate purchase prices and purchase agreements up to ninety-nine percent of the Fair Market Value and in accordance to NSP Guidelines and Regulations for property subject to City Council's approval.
(Ord. 2009-58. Passed 2-2-09; Ord. 2009-84. Passed 3-16-09; Ord. 2009-147. Passed 6-1-09; Ord. 2009-179. Passed 8-3-09.)