Florida City Considering New Code to Combat Bank Owned Properties in Violation
Updated 2/10: On February 4, the Miami Herald published an article titled New law allows Coral Gables to seize some abandoned and neglected properties.
On October 14th, the Coral Gables Commission discussed the possible addition of a new section to the municipal code titled, “Forfeiture of Abandoned Real Property”.
Please Note: As previously reported, the Coral Gables Commission recently approved an ordinance (2014_ 2/25/14) that increased the annual cost of keeping a property on the city’s registry of abandoned homes and could allow the city to take legal action against lenders. The city now is considering legislation which will augment that section of city code.
Per The City of Coral Gables’ E-3 Cover Memo:
An Ordinance of the City Commission of Coral Gables, Florida, amending the Code of the City of Coral Gables, Florida, by creating Sections 34-175 through 34-185 of the City Code, “Forfeiture of Abandoned Real Property” of Chapter 34 “Nuisances“, to create a process by which the city can take and perfect right, title, and interest in and to such properties which are or remain in violation of the City Code or Zoning Code; and providing for severability, repealer, codification, and an effective date.
As a result of the foreclosure crisis, which has been widely reported since 2008, several bank owned properties within the Coral Gables Community have been found to be in violation of the City Code. The properties are not being maintained by the various financial institutions in accordance with the City Code, despite being notified of the deficiencies. This ordinance will provide additional tools for the City to address situations where a bank owned property is found to be in violation of the City Code for an extended period of time, specifically exceeding 6 months.
To view the Signed Cover Memo, please click here.
To view the proposed ordinance, please click here.