The purpose of registration is to obtain identification and location of foreclosed properties, contact information regarding the new owner, information regarding the condition of the property and inform owners of the maintenance and security standards applicable to the property.
(A) Registration. By 7-1-2009, and thereafter within 15 calendar days of acquisition of a foreclosed property (which date at the latest shall be that of recording a deed evidencing the transfer), the new owner of the property or its agent must inspect the property as set out in division (B) below and thereafter register the property with the city as set out in this chapter. The city shall designate a department to administer the registrations.
(B) Inspection; re-inspection. The owner or its agent shall perform an inspection of the property to determine whether it meets the maintenance standards in this chapter and the city code as a whole or whether it has been neglected during the foreclosure process and/or abandoned. In the event the property has not been abandoned, the owner shall re-inspect the property on a regular basis, but not less than monthly, to determine whether its condition complies with this chapter and the requirements of the city code.
(C) Registration information. The registration shall contain the following information: address and APN for the foreclosed property; name and current contact information for the owner, including an emergency contact number; name and current contact information for the owner’s agent or local property manager, and an emergency contact number; the date of acquisition of the property and the status of the property as of the inspection. No address may be a post office box. Contact information shall be updated within 15 calendar days of any change to keep it current.
(D) Registration fee. At the time of initial registration of the property, and annually thereafter or until the property is sold to a third party, the owner shall pay a registration fee in an amount established by City Council resolution. The fee and registration shall be valid for the fiscal year, or remaining portion of the fiscal year, in which the registration was initially required. Subsequent registrations and fees are due July 1 of each year and must be received no later than July 31 of the year due. Late payments will be subject to a penalty determined in the fee resolution.
(E) Termination of registration. At a time as the owner of the foreclosed property sells the property to a third party, the owner shall notify the city in writing of the sale in order to terminate the registration requirement. The notice shall include current contact information for the purchaser.
(Ord. 2009-38, passed 5-20-2009)