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Council discusses funding seed money and receivership plan for Governor Square apartments; amendment proposed for youth sports
Summary
The Budget and Finance Committee reviewed a resolution to replenish the settlement fund and to provide initial seed money tied to a receivership petition for the Governor Square apartments; council discussed a proposed local receiver and tenant protections and President Bowers said she will offer an amendment to allocate $59,000 for youth sports.
The Budget and Finance Committee discussed a multi-part resolution that would reallocate funds for outstanding settlements and provide an initial seed-money allocation tied to a pending receivership petition for the Governor Square apartment complex.
Solicitor Grover said the annual settlement fund has been depleted by negotiated settlements and the proposed schedule moves $500,000 back into that settlement fund. Separately, the committee discussed an initial seed allocation to support a receivership petition the city has filed in county court to address the condition and management of Governor Square (sometimes referenced in session as the Midtown/Go vernor Square properties). Grover said the city had identified a proposed receiver, Midtown Property Maintenance, which would open a separate LLC to operate the receivership, hire a…
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