Project ID: BC-06-002
Address: To Be Determined
Department: Growth Management and Development Services
Funding Source: Utility Tax Fund
Index: BC50321AB
City Council District: NA
Monetary Information
FY10 Budget: $20,000
FY11 Budget: $20,000
FY12 Budget: $20,000
FY13 Budget: $20,000
FY14 Budget: $20,000
FY15 Budget: $20,000
Description
This project provides for the real estate division to monitor the upcoming property tax foreclosures. These sales are scheduled and conducted by the Hillsborough County Tax Collector on property that the city may have a lien on for mowing, demolition or code violations. It also provides funds to purchase these types of real property, especially in redevelopment areas. These properties are then used by the city in its affordable housing program or sold to individuals or developers for redevelopment. More properties are anticipated for transfer to the city as the market dictates.
Notes
When the city has an interest in a property, it is acquired utilizing this fund account. The project also allows the city to protect its interest in city liens or other encumbrances placed on property sold at Hillsborough County Tax Collector sales. Independent counsel has been retained to enforce code violations.
|
Map Unavailable
A map could not be produced for this project because
the project's location is undefined.
|
