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Board reduces lien to administrative costs for 1803 Sunset Drive after foreclosure purchaser cures violations
Summary
After Genuine Investment Land Trust foreclosed and brought 1803 Sunset Drive into compliance, the board reduced the lien to administrative costs of $1,448.20 payable within 30 days to allow a pending sale to proceed.
The board approved reducing the lien amount for 1803 Sunset Drive to administrative costs totaling $1,448.20 and set the payment due within 30 days, after testimony from Richard Bair of Genuine Investment Land Trust.
Bair said the trust foreclosed on the prior owner on June 9, cured violations quickly and was preparing the property for sale. City staff presented a cost calculation that included investigation time and administrative fees. The board moved to reduce the lien to the administrative cost total so the pending closing could proceed; the vote carried unanimously. The order states the reduced lien amount is payable within 30 days, and that if not paid the lien will revert to the original amount.
