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Council member inquires about project timeline
0:14:28
ยท
66 sec
Council Member Hanks asks for clarification on the project timeline. Kerry LaBotz from HPD explains that the property was identified in 2015 as part of TPT Round ten, but a bankruptcy filing interrupted the process. The bankruptcy was resolved in 2018, and they are now working to transfer the property to Neighborhood Restore as the interim owner in early spring.
- The property faced delays due to a bankruptcy filing in 2015
- The bankruptcy was resolved in 2018
- The current plan is to transfer the property to Neighborhood Restore in early spring
Kamillah Hanks
0:14:28
Thank you so much, councilmember.
0:14:31
I just have one question.
0:14:33
You may have discussed this during the presentations, but would you please clarify the timeline for this project?
Kerry LaBotz
0:14:44
Good morning.
0:14:45
Good morning.
UNKNOWN
0:14:46
Thank you
Kerry LaBotz
0:14:46
for your question.
0:14:47
This property was identified along with other TPT Round ten properties in 2015.
0:14:54
The property did file for bankruptcy, which interrupted their ability to proceed with transferring via the TPT action.
0:15:01
That bankruptcy was resolved in 2018, and the owner we are now working with the property as well as Neighborhood Restore and the law department to do the transfer now to Neighborhood Restore as the interim owner.
Kamillah Hanks
0:15:17
So that timeline is?
Kerry LaBotz
0:15:23
I'm sorry.
0:15:24
Could you elaborate?
0:15:25
May I ask for
Suzanna Tharian
0:15:26
Okay.
Kamillah Hanks
0:15:26
Thank you.
0:15:27
I just didn't just to elaborate.
Kerry LaBotz
0:15:29
That was the timeline.
0:15:29
So now we are working as to transfer the property to Neighborhood Restore in early spring.