(A) Prior to filing a complaint of foreclosure or executing a deed in lieu of foreclosure on a residential property located in the City of Fort Thomas, a creditor shall inspect the property to determine whether the property 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 property with the City of Fort Thomas in which the property is located for the purpose of minimizing hazards to persons and property as a result of the vacancy.
(B) If a residential property becomes vacant at any time after a creditor files a complaint of foreclosure or executes a deed in lieu of foreclosure, but prior to vesting of title in the creditor or a third party, the creditor shall, within ten business days after obtaining knowledge of the vacancy, register the property as a vacant property with the City of Fort Thomas.
(C) Registration of a property as vacant property shall include the address of the property, the name of the creditor, and the name, address, and telephone number of a person located within the Commonwealth of Kentucky who is authorized to accept service of process on behalf of the creditor.
(D) An annual registration fee shall accompany the registration form. The annual fee for registering vacant residential property shall be $100 made payable to “City of Fort Thomas” and submitted to the zoning administrator 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 the annual fee to the Zoning Administrator.
(Ord. O-04-2018, passed 4-16-18)