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Company proposes vacant-property registry, suggests $425 annual registration to fund enforcement
Summary
A representative of Arrow Property Registry presented a proposal to help Blue Island identify owners of foreclosed and vacant properties, and urged the council to adopt an ordinance requiring registration and an annual fee; staff and aldermen asked clarifying questions and further legal review was noted.
A representative of Arrow Property Registry told the City Council the company maintains a national database of foreclosed and vacant properties and is proposing a program for Blue Island that would identify out-of-state owners and send invoices for property-maintenance and registration fees. "We are the only company that's doing this nationally," the representative said, explaining staff would have web access to property-owner contact information and that municipalities can recover costs through a registration ordinance.
The presenter described a proposed annual registration fee of $425 per…
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