Announcements:

As of April 22, 2008, the value of the mortgage was increased to $50,000.  $10,000 mortgages are no longer issued.  This does not affect lots sold prior to that date.

The occupancy requirement has increased from 3 years to 4 years, beginning from the date of Title Transfer.  Forgiveness of the mortgage is pro-rated over the final 3 years of the residency requirement, with zero forgiveness in the first year of occupancy.  This does not affect lots sold prior to April 22, 2008.

The Board meets as required, depending on the number of appeals received.   The hearings are held In Camera.

* Ability to assess information and make objective decisions;
* Ability to deal with complex situations;
* Ability to provide rational solutions to complex problems;
* Ability to work with people; and
* Have a working knowledge of quasi-jurisprudence or administrative law.

The function of the Board is to adjudicate all requests for forgiveness of City Mortgage that may arise out of the City’s Lot Allocation Policy.

Debby Sackmann, Secretary

City Clerk's Office

The Board is an independent body.  All decisions of the Board are final.

The Board consists of five members of the public, appointed by City Council.   Appointees shall also serve as members of the Access Transit Appeal Board.