Wednesday, September 9, 2009

Cincinnati ordinance would attempt to collect $1.9M for blighted buildings

Having exhausted all other collection remedies, Cincinnati City Council is considering an ordinance that would levy special assessments against the owners of unsecured or unsound buildings who have failed to pay the City for demolition and barricading.

If passed, the City will levy these charges, placed against the tax duplicate, at an interest rate of 9 percent, to be paid in five annual installments.

The monies owed on the 350 properties name equal nearly $1.9 million.

Monies owed by negligent property owners range from a high of $61,049.07 by Lance and Perrin Holdings – for 732 Greenwood Avenue – to several property owners who owe as little as $57.73.