US Laws, Codes, Statutes & Cases

 
    §  11-424.1 In rem foreclosure release board. There shall be an in rem
  foreclosure release board consisting of the mayor, the  speaker  of  the
  city  council,  the  affected borough president, the corporation counsel
  and the commissioner of finance. For the purposes of this  section,  the
  affected  borough  president  shall  be  the president of the borough in
  which a property proposed  for  release  pursuant  to  this  section  is
  located.  Members  of the board may, by written authority filed with the
  board and with the city clerk, appoint delegates to act on their  behalf
  as  members  of  the  board.  The  board shall have the power, acting by
  resolution, to authorize the release of the city's interest in  property
  acquired  by in rem tax foreclosure in accordance with sections 11-412.1
  and 11-424 of the code based upon a determination,  in  its  discretion,
  that  such release would be in the best interests of the city. The board
  shall act after a meeting at which  the  public  has  been  provided  an
  opportunity to comment on the proposed action. A resolution of the board
  authorizing  a  release  of the city's interest in any property shall be
  adopted only upon the affirmative vote of not less than  a  majority  of
  all  the members of the board. The board may consider any information it
  deems relevant to a determination. The board shall not  be  required  to
  state the reasons for its determination.