dems idiots sock puppets death ray fat morris arrrgggggg

It is only going to cost us $90,000 for maintenance at 185 properties.  Thats pretty funny.  Foreclosure is only part of the battle.  You need to foreclose on the owners and take it from the banks, not so easy and then you need to evict those lovely squatting tenants and then you need to address the frozen up houses that are running at full blast with water filling the basements.  You need to board them up to stop breakins and keep the kids safe.  You need pest control and garbage removal after the eviction.  Glad they will get a taste of being a landlord.  I really hope they winterize those homes otherwise the pumps will be sreaming.  

According the the DEMS the land bank is the best thing since sliced bread. No private business would take the foreclosure mess in the City. Because of confiscatory taxation resale prices are tanking. No real business wants to hold the worthless bag. Schenectady has the lowest values in the Capital District. Wait until the City property owners get their new tax bills. 800 abandoned properties is just the beginning.The problem is too few paying taxes not the tax giveaways by Death Ray and Fat Morris all over Downtown -lol.

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State holds back on land banks
By LAUREN STANFORTH, Staff writer
Published 09:50 p.m., Saturday, December 31, 2011

SCHENECTADY — It will be harder than the city thought to create a land bank to handle derelict properties.

City officials were counting on using a nonprofit land bank, a law passed by the state Legislature in June, that allows municipalities to use proceeds from the sale of properties to knock down other blighted structures. Under the new legislation, governments would also not have to make towns, counties or schools "whole" on the problem properties' unpaid taxes.

But the state will create only five land banks when applications are due in March and will approve only 10 total for the program. Schenectady will likely be competing against other larger urban areas, such as Buffalo, Rochester and Syracuse.

City zoning officer Steve Strichman said he's going to contact Rennselaer, Albany and Saratoga counties to see if they might be interested in partnering on a Capital Region land bank that would make the application more competitive. During a public hearing at City Hall on the land bank application on Tuesday, a few residents praised the idea, but wanted citizen representation on the board that will control a possible land bank.

If the city gets a lank bank, Schenectady wants to take title to some 185 properties that have not paid tax bills since 2008 and resell the best ones, knocking down the rest. Under the state's new law, up to 50 percent of taxes paid by owners who buy the foreclosed properties must go back to pay for demolition or upkeep on other city-owned houses. The land bank houses, however, would also not owe taxes to the school district, which would help the city's finances, while hurting the district.

Reach Lauren Stanforth at 454-5697 or lstanforth@timesunion.com.

Read more: http://www.timesunion.com/local/article/State-holds-back-on-land-banks-2435207.php#ixzz1iDIYlC2n

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State holds back on land banks
By LAUREN STANFORTH, Staff writer
Published 09:50 p.m., Saturday, December 31, 2011

SCHENECTADY — It will be harder than the city thought to create a land bank to handle derelict properties....

Uh oh, trouble for the city.  The ONLY way the city dems see that they will get people to buy a house in the city is through some taxpayer funded NFP program?    

So, where's the lone city cheerleader (for increasing taxes on the homeonwers) on this issue?    What's the matter DV, can you tell us how many houses in the city are selling on the open market?    Care to provide some proof?    

Can't answer that, can you.     Can't answer that because if you answer with the truth, it will be your admission that the city is failing MISERABLY, it will be your admission that no one wants to buy a house in the city.   So why aren't YOU buying a house in the city, I mean, they way you talk how the city is getting better, then you would want to buy when the price is low and you would get a handsome return on your investment.   But actually, tell us DV, people are actually LOSING money if they own a house in the ctiy, right?  

Mr. Raucci is for hire.......????

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SCHENECTADY
Land bank plan gains allies
Two counties like McCarthy concept
BY KATHLEEN MOORE Gazette Reporter
Reach Gazette reporter Kathleen Moore at 395-3120 or moore@dailygazette.com.

    Two counties are joining Schenectady in its land bank application in hopes of winning one of the five slots that will be allowed by the state.
    Mayor Gary McCarthy has spoken with officials for Rensselaer and Montgomery counties, as well as the mayor of Troy. At the same time, Zoning Offi cer Steven Strichman pitched the idea to offi - cials from the cities of Amsterdam, Troy and Rensselaer.
    “I think everybody’s pretty much on board,” Strichman told the City Council Tuesday.
    Strichman is writing the city’s multi-county application. The council recently decided that a multi-county approach would be more likely to win approval from the state.
    Schenectady officials are pinning their neighborhood revitalization plans on the land bank, and lobbied the state for it.
    The bank would allow the city to save up money from the sale of buildings seized for back taxes and then use those funds to demolish houses that can’t be saved. The goal is to eliminate blight by ridding the city of dozens, possibly hundreds, of abandoned houses.
    The city can put aside money from foreclosure auctions now, but the land bank prohibits the city from using the money to balance the budget. Strichman calls it a form of “fi scal discipline.”
    In other business, the council learned that the city will likely get $2.5 million from the federal government for the Consolidated Plan — a significant cut from last year. ..........................>>>>.................>>>>.................http://www.dailygazette.net/De.....r01102&AppName=1

Looks like Albany isn't even talking to us.  Great job McCarthy.  They are probably applying without us.  

because it will be taken away from the public school system....in a way.....it's the shuffling of funds.....same animal(s)........

Quoted from TakingItBack

Looks like Albany isn't even talking to us.  Great job McCarthy.  They are probably applying without us.  

More City foreclosures in a week than total abandoned properties put back on the tax rolls. But it makes great renaissance copy for the bird cage liner. No one wanna highest taxes with the worst schools? We need more that "understand the importance of high taxes".

Hooray for the Mayor and for the very able Mr. Strichman..    The Renaissance GOES ON AND ON!

Quoted from Hamburg

Hooray for the Mayor and for the very able Mr. Strichman..    The Renaissance GOES ON AND ON!

LEMMING

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SCHENECTADY
State OKs land bank
City, county, Amsterdam part of proposal
BY KATHLEEN MOORE Gazette Reporter


The land bank that Schenectady officials had once pinned their hopes on is now reality.
The city’s land bank proposal was among the five chosen by the state Thursday. It will allow Schenectady and its partners, Schenectady County and Amsterdam, to offer tax incentives to get owners into long-abandoned buildings. The program could also fi nance the demolition of more buildings too far gone to save.
    In last year’s election campaign, Schenectady Democrats described the program as the best way to eliminate the city’s blight. But the chance of winning one of just fi ve slots seemed unlikely, so the city moved ahead with a series of other programs aimed at getting property owners to fix up their houses, fi ll them with people and pay taxes.
    Now, those efforts are bearing fruit, to the point where Mayor Gary McCarthy said the city will not rely solely on the land bank.
    “We have another tool in our toolbox,” McCarthy said of the land bank. “Not every parcel will go through this process. It does not work in every case.”
    The city will continue to use the Key to the City program to market city houses to prospective buyers, foreclose on tax-delinquent properties and use federal funds to build and rehabilitate houses, he said. But Mc-Carthy added that he doesn’t mind having another way to deal with vacant houses — particularly since the land bank might help the city fi nance the demolition of many burned-out and abandoned buildings.
    “We’re very pleased,” McCarthy said.
    Under land bank rules, the city must still follow normal foreclosure and abandonment laws. Once it acquires a property, however, the parcel is taken off the tax rolls. To entice new buyers to take property that is difficult to sell, the land bank could offer a payment in lieu of taxes to the owner, rather than putting the property back on the tax rolls.
    “It can help create incentives. That’s one of its biggest advantages,” city Zoning Offi cer Steve Strichman said.
    The program also provides fi scal discipline. Officials can bank the money they get from the sales of some houses and use it to demolish houses too far gone to save.
    That discipline is particularly important considering Schenectady’s current financial straits. Money from a sale in the land bank cannot, for example, go into a city’s general fund to plug a budget deficit. It must remain in the land bank, where it can only be used on other houses.
    Land banks also offer representation to all governing bodies that levy taxes on the property. That means the school district will get some say in whether tax incentives are offered.
    Early this year, it seemed unlikely Schenectady would win approval for a local land bank. City and county officials, who had lobbied the state to approve the land bank legislation, hurriedly began persuading others to join. Amsterdam officials signed on to create a regional land bank proposal, which officials thought had a better chance of winning acceptance. ................................>>>>.............................>>>>......................http://www.dailygazette.net/De.....r00100&AppName=1

"The city will continue to use the Key to the City program to market city houses to prospective buyers, foreclose on tax-delinquent properties and use federal funds to build and rehabilitate houses, he said. But Mc-Carthy added that he doesn’t mind having another way to deal with vacant houses — particularly since the land bank might help the city fi nance the demolition of many burned-out and abandoned buildings".
Give me some more of that free money.