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Council hears detailed briefing on ordinance to allow city donations of adjudicated properties to CIRA and conversion to tax-lien certificates
Summary
City attorney and CIRA consultant detailed an ordinance to let the city sell or donate adjudicated properties to CIRA or a land bank and to convert adjudicated properties into tax-lien certificates; questions focused on title clearance, the $1 adjacent-owner program, and how CIRA would market or insure properties.
City Attorney (Attorney Edwards) and a representative from the Shreveport Implementation and Redevelopment Authority (CIRA) explained an ordinance amending Chapter 26 to permit the city to sell or donate adjudicated properties to redevelopment entities and to convert adjudicated properties into tax-lien certificates under new state statutes. The attorney said the ordinance "does three very specific things": allow donations or sales of adjudicated property to CIRA or a land bank, create a conversion process to tax-lien certificates, and authorize the city's sale or donation of interest in adjudicated properties.
CIRA consultant Laura Suttlemyer (Lehi Civic Solutions) said CIRA would do title work and "intend[s] to have the title cleared before possibly marketing the property, but certainly before there's any transfer to the next party beyond CIRA." Councilmembers pressed on how title insurance, costs, and clearing would work; staff and CIRA representatives said costs and timelines vary by property and that some title risks (old SBA mortgages, unclear heirs) may persist and would need financial underwriting if the city or CIRA were to self-insure.
