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These are civil fines that have been placed by Code Compliance and only they can resolve. Because the Board does not wish to resolve until the property comes into compliance, then all or any interested party will walk away given the open ended nature of the liens. The market will dictate whether the transaction will occur. The Code Board is now in the middle, acting as the potential market maker based on lien valuation. The blight in the meantime will continue because fines are escalating at $250/day and market values are continuing to decline or at best remain flat. But if the city maintains this stalemate, the likelyhood is continued depression of market values for surrounding properties.
Code Compliance has met critical mass or is it diminishing returns, they may continue to create fines but there is no movement. They work more and get less resoled. Is this what we call "beating our heads against the wall" or is it house.
If the Code Board does not wish to take this additional responsibility as suggested by Council of mitigating fines in the best interest of the city, then the city must enact or change its policies to guide the Code Board.
In a nutshell, the Code Compliance Board does not see the big picture, by refusing to take on additional responsibility. In keeping with government policy, I submit this in full compliance with HUD full disclosure policy.
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