Oversight assumes the annual amount appropriated from the General Revenue Fund to the Contiguous Property Redevelopment Fund, starting in FY 2003 would be an unknown amount. This version expands the list of eligible recipients to also include Kansas City, Greene County, Jackson County and St. Louis County, therefore, Oversight assumes the appropriation may differ substantially from our original estimate. In the fiscal note for the previous version of this proposal, Oversight assumed the DED would not require an additional FTE to administer this program, however, with the expanded possible recipients, Oversight assumes the DED would need an additional FTE if the amounts appropriated for this program were substantial enough to warrant. Small businesses which owned property subject to receiverships authorized by this proposal would be affected as a result of this proposal. 441.590 of this bill allows local housing corporations or neighborhood associations to petition and apply for the appointment of a receiver to perform an abatement of a dwelling or building that constitutes a threat to the public health, safety, or welfare.
Current law allows counties or municipalities in which the building or dwelling is located to do so.
A requirement for the party to allege the nature of the threat in the petition is added. The bill authorizes the court to appoint a local neighborhood association as a receiver, as long as no local housing corporation exists for that area. Current law permits a local housing corporation, licensed attorney, real estate broker, or other qualified person to be appointed as a receiver. The bill gives the neighborhood association the right of first refusal to serve as receiver as long as no local housing corporation exists for that area and if all lienholders refuse to serve as receiver or there are no lienholders of record. Section 447.721 of this substitute creates the Contiguous Property Redevelopment Fund within the Department of Economic Development.