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  Agenda Item # 9.e.       
Meeting Date: 09/08/2015  
Re:    Lien Reduction - Case 11-0476 - 712 Emil Drive
Submitted For: Peggy Arraiz

SUBJECT:
Request to reduce code enforcement fines in the amount of $334,300.00 against 712 Emil Drive which was previously owned by Federal Home Loan Mortgage Corp., PO Box 50122, McLean, VA and currently owned by Branch Banking & Trust Co., PO 167, Winston Salem, NC 27102-0167 to $3,750.00 payable in 30 days.
SUMMARY:
BACKGROUND:
  • BB & T foreclosed upon the house in 2009 and it was sold at auction to Federal Home Loan Mortgage Corp.
  • In December 2010 Federal Home Loan Mortgage Corp. was found in violation of 8.5-47(1)(2) for allowing the building to be occupied without utilities and Section 5-369 for not securing a vacant building. Section 8.5-47(1)(2) was complied but Section 5-369 remained in violation.
  • FHLMC could not transfer the property to a 3rd party due to the violations and lien and chose to return the property to the original foreclosing bank, BB & T.
  • BB & T took title to the property in March 2015 and brought the property into compliance in April 2015.
RECOMMENDATION:
Based upon the fact that BB&T corrected the violation within a month of taking possession of the property, the Special Magistrate recommends reducing the fines to $3,750.00 to cover the administration cost of the City, payable in 30 days.
ALTERNATIVES:
  1. Deny the request.
  2. Make alternative recommendations.
RESPONSIBLE STAFF:
Colleen Greer, Executive Secretary.
COORDINATED WITH:
Peggy Arraiz, Code Compliance Manager.

Fiscal Impact
Budgeted Y/N: 2015
Fiscal Year:
Account:
Amount: 3,750.00
OTHER INFORMATION:
$3,750.00 to the general fund.
Attachments
Breakdown
Request
Tax Card
Request Attachement

<
Form Review
Inbox Reviewed By Date
City Manager rbradshaw 08/31/2015 02:28 PM
Form Started By: Colleen Greer Started On: 08/20/2015 03:37 PM
Final Approval Date: 08/31/2015

    

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