Salt Lake Tribune | 1918-12-21 | Page 18 | Real Estate Board Opposes Tax Plan

REAL ESTATE BOARD OPPOSES TAX PLAN Foreclosure Procedure Proposal Pro-posal Attacked by Members Mem-bers at Meeting. Committee Is Named to Take Matter Up With City Commission. The Salt ji Ut. )lnt Kslale board, at it:; i 1 1 1 ; 1 1 owling at th;- Com mer.jial i hil .-it i i itii y v-iit on reuord as op-mv,i-i tn t)i: ordinance now under coti-M coti-M . i .1 1 inn hy the ci i v com mission pro-viding pro-viding tar Hit) collection of Hpucial im-'rnwriieii! im-'rnwriieii! l:i - by foreclosure sodr in Hi- .-;.ii:c ii:;. nii'.-r a.s mortgage foreclosure I'rni-rr dings, ami reducing tho period of i i iii in! ion lYoni four years, as under Hi: i-xIMiml,- law, to six: months. A com-tiiiilr.:, com-tiiiilr.:, mmdsilng of Hhiir TLichardson, ) in ir ma ii ; Cha rle.s W. Job nson and Arthur 11. jvii'sons, was appointed to til-- mattr-r up with the city com-iiiisinn com-iiiisinn with ;i u-w to formula tins: some pla ii M'h'-rcliy I no I'll y may assume i bihlv for oulslanding spi'ial improve-rni-itl. w;irr;nil.s ;md protect Iho property ow ners aeai n.sl w.i rrn nt buyers. Th pt.rpo.se of (.he proposed ordinance. I was . yplaine.l by P;l.,ir Richardson, vas in provide a method of reaching .'inilv o ',' 1 1 1 rs of piuprty who do not .-.ppear as principals. Say Damage Would Result. It. was :n-L'i!Hl that if the ordinance bf-canie effective, ami delinquent special taxes we i e collect cd by I urelosurc, and the iHvileL,'c of tt-dt nipt inn reduced to a. minimum of six months, irreparable damage would result to the real estate JnUMvtH and it would be a difficult matter mat-ter to interest ouisid" capital in property prop-erty Investments in Salt I.ake. It was shown thai, under lb- pioposed ordinance, ordi-nance, if any one payment became do-lliaHK-nt the whole amount of the special spe-cial improvement tax would become due and tho property could be sold for the i' mou n I of the t a x. I j in Ic r a provinion of la w whereby the city may be beld responsible to the warrant war-rant buyer for special improvements, it ias argued that the city commission would not. br- so prone to order special iinprm emrnts, particularly in portions of the city where the property presumed to lie benefit' d is not worth the amount of tbe tax. Committee lo Report. A case was ."iud by one of the mem-! bo i s of l he boa i d. where a fp wer had , been built but not connected with the main s si em of .sewers, and for years would not become a va liable to the prop-i prop-i rt y I:: .-d for i t s c onst ruction. The conimtt tf-e with whom the matter was placed will report to the board at the next reul a r meet ing. Tin1 committee appointed nt the hist meeting to nominal r five members uC i he board lo be voted Upon at the annual an-nual mot-ding as members of the executive execu-tive con mi it b e, offered in nomination T -e tin, no Richards. K. H. l-'owler, K. V. .Murdock, ( h nrgo J. Martin, and T. K. ' dd i.-. Th rec of t hoso nomi ria ted will be e.'M ted at Hie next m'-eling of the board, early in .lam-ary. which will be held in the evening, following a dinner a t ; hp 'o p i me rein I club. i !