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Commission asked to consider foreclosure option on stalled Toledo Place project; staff to return with title report and plan
Summary
Commissioners reviewed title records and instructed staff to prepare for a potential foreclosure of the unfinished Toledo Place project amid ongoing code violations and unpaid obligations; staff said a foreclosure would put the city in a lower lien position and would require outside counsel and a further vote before filing.
The commission discussed a potential city‑led foreclosure of the unfinished multi‑building project commonly referred to in the meeting as Toledo Place (D32). Commissioners asked staff to prepare next steps, including obtaining title searches and seeking outside counsel, and said they want a formal return to the dais before any foreclosure filing.
Background and current status Staff said code‑compliance liens and fines are in place on the property because numerous code violations have persisted. The city’s code department plans to ask the…
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