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EUEA discusses receivership SOP, cost estimates and pilot property; staff to provide candidate list
Summary
At an April 24 meeting, the EUEA reviewed a draft receivership standard operating procedure, discussed cost estimates and conflicts of interest, and agreed to review candidate properties for a small pilot; the conversation will continue at the next meeting.
ELKHART — The EUEA on April 24 reviewed a draft standard operating procedure for a receivership program that would allow the group to take temporary control of code‑violating or abandoned properties, stabilize them and recruit developers to renovate or buy them.
Josh, a presenter for the EUEA, said the discussion was intended to quantify staff and contractor hours and the likely expenses if the nonprofit takes on receivership work. "The first thing to frame this around, there are 2 major assumptions that you have to know straight up," Josh said, adding the economic development department would continue to provide administrative support and that EUEA would contract for legal, realtor and developer services the city would not provide.
Board members and staff focused on three practical questions: how much the upfront costs would be, how to avoid conflicts of interest if EUEA helps write and score requests for proposals, and whether to run a small pilot project to test the approach. Josh walked the group…
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