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Registration of Residential/Commercial Property in Foreclosure October 3, 2017 Page 2 properties will capture foreclosed or abandoned properties by creating a systematic list of properties that may need Code Enforcement attention. The ordinance requires property owners to register ownership of foreclosed properties. Using this information a database will be created linking properties with owners and their contact information. Owners of foreclosed properties will be assessed a fee to cover the cost of establishing and maintaining the database, continuous review of list, and inspections of properties by Code Enforcement staff. The City will solicit the services of a qualified company to expedite the registration program. Foreclosure Registration entities have immediate real estate foreclosure data and finance/bank information that expedite this type of program. Conducting abatement enforcement on financial institutions has been a challenge for the Code Enforcement Division. A partnership with a professional business that will receive a fee not to exceed $100 for each registration fee collected will assist the City in establishing a successful program. Consultant fees may be subject to adjustment pending Request for Qualification (RFQ) submissions (Exhibit 1). STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's efforts to meet Goal #5 — Community Health, Livability, Engagement and Sustainability; Objective #4 (Support neighborhood vitality and livability). FISCAL IMPACT The ordinance provides that the City may impose a registration fee adopted by resolution. The cost of the registration will be included in the City's Miscellaneous Fee Schedule and collected annually. The funds received will be deposited in the Foreclosure Registration Program (Account No. 01116002-53628). If approved, an RFQ shall be conducted to partner with an outside vendor to manage the foreclosure registration program. Foreclosure registry business typically will collect a fee for each registration fee collected. The City will receive $412.96 to recover costs that are attributed to overhead, audit, code enforcement, legal, and public safety costs. Candida Neal Acting Executive Director Planning and Building Agency SV: rb SAFCA\10-03-17\PBA Foreclosure RFCA 10-3-17 APPROVED AS TO FUNDS AND ACCOUNTS: Francisco Gutierrez Executive Director Finance and Management Services Agency Exhibits: 1. Request for Qualification 2. Calculation of Miscellaneous Fee -Foreclosure Registration Program 3. Ordinance 4. Fee Resolution 75A-2