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Housing committee moves to declare 266–272 Jackson St surplus under Home Equity Theft Act; councilors raise parking, RFP questions
Summary
The Lawrence City housing committee presented a motion to declare the city‑owned lot at 266–272 Jackson Street surplus under the Home Equity Theft Act and discussed the statute’s procedural deadlines, realtor/appraiser selection and neighborhood implications.
The Lawrence City housing committee presented a motion to declare the city‑owned lot at 266–272 Jackson Street surplus under the Home Equity Theft Act and discussed the statute’s procedural deadlines, realtor/appraiser selection and neighborhood implications.
The City Attorney briefed councilors: “municipalities that elect to sell property will be required to list the property for sale within a hundred and 80 days of the final judgment.” The attorney explained that if a property does not sell within 12 months of listing the municipality must auction it and “the municipality cannot accept auction bids for less than two‑thirds of the appraised property value,” and that excess equity from a sale must be notified to…
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