Title
Authorizing the Committee on Legislative Oversight to hold public hearings to explore the opportunity to implement a permanent SCOPE (Selling City Owned Properties Efficiently) Project to create a simplified and cost effective process for putting vacant and underutilized City-owned properties back into productive use.
Body
WHEREAS, The Philadelphia Redevelopment Authority (RDA) is responsible for acquiring, selling and leasing real estate to achieve economic redevelopment and to promote growth; and
WHEREAS, Vacant and abandoned property take away from the quality of neighborhood life and drain City and community resources and services; and
WHEREAS, The RDA, which maintains a land bank of 5,500 parcels, has established a pilot program in partnership with the Greater Philadelphia Association of Realtors to efficiently advertise and sell these properties; and
WHEREAS, The pilot program is modeled after Baltimore's SCOPE project (Selling City-Owned Properties Efficiently), which was created to capitalize on the marketing knowledge and professional expertise that the real estate industry has to effectively market and sell real estate; and
WHEREAS, Baltimore's SCOPE Project is a cooperative venture between the City of Baltimore, the Baltimore Economy and Efficiency Foundation and The Greater Baltimore Board of REALTORS, Inc; and
WHEREAS, The program engages local real estate agents to list and sell properties - that City officials have identified - through the multiple listing service to responsible buyers, who will in turn rehabilitate the properties within 18 months of the settlement; and
WHEREAS, Participation in the Baltimore's Project is open to Brokers and agents who are members of The Greater Baltimore Board of REALTORS, Inc and/or the Real Estate Brokers of Baltimore. Brokers and agents are required to submit an application outlining their experience with the City real estate market and documenting their professional qualifications;...
Click here for full text