UPDATE August 2013: For more information on capital reserve funds, click here. Blight City has fallen on hard times.
Author Archives: School of Government ITD Applications Team
UPDATE August 2013: For more information on capital reserve funds, click here. Blight City has fallen on hard times.
UPDATE: NEW LEGISLATION (SB411) WENT INTO EFFECT ON JUNE 19, 2013, SIGNIFICANTLY CHANGING THE ETHICS REQUIREMENTS FOR MPOs AND RPOs. CLICK HERE FOR A NEW BLOG POST OUTLINES THESE NEW REQUIREMENTS. During the recent legislative session, the General Assembly designated RPOs and MPOs as “boards” for purposes of GS Chap
UPDATE: NEW LEGISLATION (SB411) WENT INTO EFFECT ON JUNE 19, 2013, SIGNIFICANTLY CHANGING THE ETHICS REQUIREMENTS FOR MPOs AND RPOs. CLICK HERE FOR A NEW BLOG POST OUTLINES THESE NEW REQUIREMENTS. During the recent legislative session, the General Assembly designated RPOs and MPOs as “boards” for purposes of GS Chap
Al Czervik is a real estate developer who has invested in several shopping malls and mixed-use developments across the Tar Heel state.
Al Czervik is a real estate developer who has invested in several shopping malls and mixed-use developments across the Tar Heel state.
Tax Foreclosures and Competing Liens
Blog Post
When property owners stop paying their property taxes, it’s a good bet that they’ve been ignoring other obligations concerning those properties as well. Weeds grow chest-high, houses slowly crumble, and neighbors begin to use the lots as informal trash dumps. The properties become dangerous eyesores, forcing local governments to mow the weeds, demolish substandard housing, and remove the trash. The clean-up costs become liens on the properties that compete with property tax liens if the properties are sold at foreclosure.
Tax Foreclosures and Competing Liens
Blog Post
When property owners stop paying their property taxes, it’s a good bet that they’ve been ignoring other obligations concerning those properties as well. Weeds grow chest-high, houses slowly crumble, and neighbors begin to use the lots as informal trash dumps. The properties become dangerous eyesores, forcing local governments to mow the weeds, demolish substandard housing, and remove the trash. The clean-up costs become liens on the properties that compete with property tax liens if the properties are sold at foreclosure.
As discussed in a previous post, local governments have broad authority to appropriate monies to private entities (including nonprofits, corporations, associations, and individuals). The monies, however, must be expended by the private entities only on projects, services, or activities that the local government could have supported directly.
As discussed in a previous post, local governments have broad authority to appropriate monies to private entities (including nonprofits, corporations, associations, and individuals). The monies, however, must be expended by the private entities only on projects, services, or activities that the local government could have supported directly.