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September 18, 2002
Council Seeks to Enhance Revenue from Forfeited Property
Approves Motion to
Examine Successful Renovation Program
For information contact: Larry Phillips
(206) 296-1004
Jane Hague (206) 296-1011
The Metropolitan King County Council this
week voted to explore a program that may increase county revenue from the
sale of foreclosed housing.
“With the budget challenge facing King
County, we need to explore every potential revenue option,” said
Councilmember Larry Phillips,
Chair of the Council’s Budget and Fiscal Management Committee. “We’re
leaving no stone unturned in our search for budget solutions.”
The motion requests the county executive to
evaluate the establishment of a program that could increase the revenue the
county receives from the sale of forfeited property. One of the options to
be explored would be the use of minor offender work crews to rehabilitate
the property to enhance its value prior to its sale. A similar program in
Hennepin County, Minnesota has generated additional revenue for county
government.
“Because the program in Minnesota has had
some success, we want to see if we can adapt this idea and use it in King
County,” said Phillips. “This is a proposal that could actually benefit
the county in several ways.”
Councilmember Jane
Hague, who co-sponsored the motion, brought the program to the attention
of the Council following discussions with associates at the National
Association of Counties. “This is another example of the benefits that can
be achieved by collaboration between counties at the national level,” said
Hague. “Anytime a large urban county has implemented a cost saving and
revenue generating program that makes sense, we are going to be taking a
hard look at it for application here at home.” |