Explanation
Background: The Land Management Fund was created in September 1998 to provide funds for various expenses associated with quiet title actions on properties in the land bank that were acquired through the Auditor's Forfeiture Sale and for various expenses associated with the delinquent properties pursued through environmental court (i.e. publication costs, filing fees, court costs, attorney and title fees, utility and property taxes).
Fiscal Impact: This legislation appropriates $47,000 from the unappropriated balance of the Land Management Fund for the administration of the Land Redevelopment program. The cash balance of this fund is approximately $342,000.
Emergency action is requested so that expenditures related to the administration of Land Redevelopment projects can be charged accordingly.
Title
To authorize the appropriation of $47,000 from the unappropriated balance of the Land Management Fund to the Department of Development to provide funds for the administration of Land Redevelopment projects; and to declare an emergency. ($47,000)
Body
Whereas, the Land Management Fund was created in September 1998 to provide funds for various expenses associated with quiet title actions on properties in the land bank that were acquired through the Auditor's Forfeiture Sale and for various expenses associated with the delinquent properties pursued through environmental court; and
Whereas, this legislation appropriates $47,000 from the unappropriated balance of the Land Management Fund for the administration of the Land Redevelopment program; and
Whereas, an emergency exists in the usual daily operation of the Department of Development, that it is immediately necessary to provide an appropriation for the immediate preservation of the public health, peace, property, safety, and welfare; now, therefore,
BE IT ORDAINED...
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