Laserfiche WebLink
Federal NSP <br />November 17, 2008 <br />Page 6 <br />RFP will be issued shortly after City Council approval of this action, <br />and the recommended intermediaries will be presented for consideration <br />in early 2009 once we receive confirmation from HUD that they have <br />approved the program application. <br />The Redevelopment Program (Program <br />foreclosed or abandoned properties <br />or other open space, or for redeye <br />with NSP and CDBG requirements. <br />itself, a subsequent action will be <br />Redevelopment Agency. <br />No. 5) allows the City to acquire <br />suitable to be redeveloped as parks <br />lopment purposes that are consistent <br />Should such an opportunity present <br />presented to the City Council and/or <br />To further stabilize neighborhoods that have been negatively impacted by <br />foreclosed properties, the City is implementing an additional program <br />authorized through state legislation. SB 1137, which went into effect <br />a few months ago, is designed to help homeowners whose homes are at risk <br />of foreclosure. One small part of SB 1137 allows cities to <br />administratively fine a bank up to $1,000 per day for failure to <br />maintain residential property acquired through foreclosure. <br />SB 1137 defines "failure to maintain" as: <br />o failure to maintain exterior of building, including but not <br />limited to, excessive foliage growth that diminishes the value <br />of surrounding properties, <br />o failure to take action to prevent trespassers or squatters <br />from remaining on the property, or <br />o failure to take action to prevent mosquito larvae from growing <br />in standing water or other conditions that create a public <br />nuisance. <br />SB 1137 requires the City to give the bank 30 days notice to correct its <br />violations (less if the violation relates to health and safety). If the <br />violation is not corrected, the City can fine the bank up to $1,000 per <br />day until the violation is remedied. The bank is entitled to an <br />administrative hearing on the amount of the fine. <br />A public notice was published on November 1, 2008, in the Orange County <br />Register, La Opinion and Nguoi Viet News indicating that the draft <br />Neighborhood Stabilization Program substantial amendment is available <br />for review for the required fifteen days. In addition, it was posted on <br />the City's website. <br />~:~i <br />