Agenda Item

7.9 23-42Consideration of North State Solutions' Application to Purchase Remaining Tax Defaulted Properties

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    Lake County Resident almost 2 years ago

    There is little transparency and a lack of plans for each parcel in this application to purchase 548 tax defaulted properties in Lake County.

    North State is a newly created non profit that has already missed their deadline for the "Statement of Info Due Date" which was due 12/3/2022 according to the CA SOS website.

    Please consider denying this application until the applicant can provide detailed information for each property. For properties that'll be rehabilitated or built & then rented out, the purchase price shouldn't be discounted to 5% as the non-profit will receive future monthly revenue from the properties.

    Clarification is needed as to which properties will be renovated & sold, which will be made in to public uses and which ones will become rentals. Will preference be given to local residents? Will the Build Program be asked for assistance? Please deny this application until it is made in good faith that Lake County residents will benefit and with much more clarification.