Bill 170984
Controlled by Committee on Finance

SECURITIZED SALE OF CITY LIENS

Description

Authorizing the Revenue Commissioner and the City Solicitor, on behalf of the City, to enter into (i) a contract or contracts for a term not to exceed four years for the design, implementation, and management of a securitized sale of the City's liens for real estate tax and possibly other municipal claims; and (ii) a contract or contracts for a term not to exceed four years for the sale of such liens under which the City would be obligated to provide substitute liens or compensation for any defective liens; all under certain terms and conditions.

Read the full Bill: Bill No. 17098400.pdf 170984 - Exhibit Set, As Introduced.PDF 170984 - Exhibit Set, As Introduced.PDF

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Introduced: Nov. 16, 2017

Status: IN COMMITTEE

Source

View Bill 170984 on the City Clerk's website.