Explanation
BACKGROUND:
The purpose of this ordinance is to authorize the City Auditor to create a new subfund within the City’s Special Purpose Fund for the Department of Building and Zoning Services. In 2024, City Council passed several housing initiatives including Vacant Registry, Foreclosure Registry and Wholesaler Registry. This year, City Council is reviewing Ordinance No. 0923-2026, which is intended to create a Rental Registry. These registries improve the accuracy of the City’s information regarding who is responsible for a property and create processes by which health and safety risks can be proactively identified. The data contained in the registries also provides the city with the name and number of an emergency contact. The Registry Program encompasses all the aforementioned registries in the Department of Building and Zoning Services.
All monies received for these registrations shall be used to offset the costs relating to registering and processing applications, including staffing and software, costs relating to inspections, education and enforcement, and costs relating to other expenses as set forth in each chapter for the Vacant, Foreclosure, Wholesaler, or Rental Registry.
To properly track and account for these monies, we are requesting that the City Auditor create a new subfund within the City's Special Purpose Fund, Fund No. 2223.
This ordinance is submitted as an emergency to create a new subfund within the City’s Special Purpose Fund to properly account for these revenues and expenditures and promptly increase the Registry Program’s transparency.
FISCAL IMPACT: Currently, revenues collected for registries are deposited into the Development Services Fund, Fund 2240. This ordinance will authorize the City Auditor to create a subfund within the City's Special Purpose Fund, Fund 2223, and appropriate any funds deposited into such subfund. All revenues arising from registry fees shall be deposited into said subfund and shall be used to offse...
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