Item 15 - Agreement with Hera Property Registry, LLC

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b. SERVICES PROVIDED Hera Property Registry, LLC provides the software, data collection and analysis, and customer service to provide all services outlined in Section III - Scope of Services and in accordance with the requirements of state laws and Santa Ana Municipal Code Section 8-1982 et seq. (Ordinance No. NS-2993). Our team manages all data in the HERA platform and provides comprehensive revenue and compliance reports to the City. Using the parcel APN, HERA connects foreclosure filings to the county records, with each listing being processed by our machine learning systems. The City has unlimited access to this data, and the data is available for download in XLSX format. HERA shows county APN, owner, and property characteristics per the county records. Upon identifying the registrable properties, and on a continual basis, we shall be fully responsible for the management of foreclosure data for the City, and we ensure data is updated in the HERA portal and newly identified foreclosures are registered and brought into compliance. HERA utilizes Deckard Technologies ("Deckard") to provide real property registration data services with an API upload nightly to the registry. In addition to providing these data services, Deckard also provides real property data nationwide to local governments, particularly through their Rentalscape Short -Term Rental registration program. The City will indeed gain access to a patented proprietary platform as Deckard's system has achieved remarkable advancement and uniqueness, leading to its successful patenting under the title "Detecting and Validating Real Estate Transfer Events Through Data Mining, Natural Language Processing, and Machine Learning," with the reference US Patent No. 20190333175-A1. Deckard's high frequency mining system analyzes every foreclosure listing and associated filings nationwide every day. This system analyzes foreclosure and associated property activity for the City daily and will capture a record of every foreclosure case since the ordinance effective date. We record whether the listing is active and include all information in the filing including the property address, trustee, servicer, bank mortgagee, property preservation company, and most importantly any assignments of mortgage and deeds that either end the obligation or send the property to REO status. We then compare every day of each filing to the previous day. Our artificial intelligence engines then categorize changes as either active or ended obligations to register. The result is a holistic view of foreclosure activity. 2