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City Of N.O. Proposes Plan To Speed Up Sale Of Adjudicated Properties

City Of N.O. Proposes Plan To Speed Up Sale Of Adjudicated Properties

In an effort to reduce the number of blighted properties in the city and bring them back into commerce, the Landrieu administration is proposing a plan to auction them to the public.

Chief Administrative Officer Andy Kopplin presented the plan to the City Council Friday at a hearing on the mayor's proposed budget for next year.

It calls for issuing a Request for Proposals (RFP) through the Finance Department, which manages the city's adjudicated properties, to find a private partner, such as an auction firm, to conduct auctions of adjudicated properties.

Kopplin says the firm selected would pay research costs because the city doesn't have a source of funds proposed in the 2014 budget to do title research on each of the properties to make sure they were properly adjudicated and could be transferred with clear title.

The goal is to sell a backlog of over 2,000 properties that the city took ownership of after the owners failed to pay taxes.

Council members apparently liked the proposal, based on their reactions. They urged the administration to make it a top priority.

 

 

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