Special Common Council Meeting on Monday

There is a special common council meeting on Monday September 17th at 8:05 to handle 2 things:

 

Adopt FY13 General Fund Transfers and Amendments

This will up the FY2013 budget from $232,351,309 to $232,454,709- an increase of $103,400.

 

Residential Rental Property Business Ordinance

This is to approve a resolution that would create the need for landlords to obtain a Residential Rental Property License.

 

This would mean anyone that owns a rental property will be required to register it, unless:

1. It is their primary residence

2. The lived there or inherited it within the past 2 years and are still a NB resident

3. Their only tenants are blood relatives.

 

Registering will require a few things, like no back taxes owed, no blight fines owed, etc. But also Landlords must disclose anyone that has a greater than 5% interest in the property.

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