CITY COUNCIL AGENDA ITEM
Memo Date: 3/5/2024.
Agenda Date: 3/26/2024.
Prepared By: Charlene Neuterman, Community Services Director
Through: Stockton Whitten, City Manager
Requested Action:
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Approve Resolution #2024-030 establishing the Vacant Property Registration Fee for Foreclosed Vacant Properties within the City of Cocoa.
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BACKGROUND:
In 2010, Council passed Ordinance 20-2009, establishing the Registration and Maintenance of Properties in Foreclosure as a mechanism to protect Cocoa neighborhoods from becoming blighted through lack of maintenance and security. A part of this Ordinance required that a mortgagee who holds a mortgage on real property within the City shall, within ten (10) days of default, shall register the property with the City. The City utilized an outside firm at that time that managed and maintained the list of registered properties for the City of Cocoa (Prochamps). Section 6-2022 of the City Code established registration requirements that the third party servicer followed. In 2023, Prochamps went out of business and ceased registration of foreclosed properties.
As a result, the City will take this responsibility over and register the properties under foreclosure. The City will follow the requirements of City Code Section 6-2022, establishing a registration form that will be sent to Code Enforcement. A registration fee of $200 is being established on this agenda item also pursuant to City Code Section 6-2023. Code Enforcement will maintain this list of foreclosed properties and monitor/enforce the requirements set forth by the code. The registration form will be placed on the City's website under Code Enforcement where mortgagees will download the form, complete it and mail the form back to the City with payment.
Staff is requesting Council establish this fee through Resolution #2024-030 to be paid to the City of Cocoa through Code Enforcement and budgeted in the Code Enforcement Revenue for the purpo...
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