City council to vote on Richmond eminent domain proposal

 · More fundamentally, a supermajority of five city council members must approve every eminent domain plan; the Richmond plan received only four votes. Even if the plan is approved, Fisher writes, “Richmond officials clearly haven’t thought out the procedural impediments in front of them.

Eminent domain refers to the government's power to seize private property. trail from about a dozen homeowners in the town of Richmond.

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PDF The Honorable Nathaniel Bates The Honorable Jovanka Beckles. – City of Richmond City council chambers 440 civic center plaza Richmond, CA 94804 RE: Use of Eminent Domain to Acquire Underwater Mortgages Dear Mayor McLaughlin, Vice Mayor Booz and Councilmembers Bates, Beckles, Butt, Myrick, and Rogers: The twenty-two organizations listed below recently learned that the City of Richmond has entered

RICHMOND – The city’s quest to become the first in the nation to seize underwater mortgages through eminent domain will likely rest on the ability of backers to sway one councilman whose.

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RICHMOND, Calif. (AP) – A San Francisco Bay Area city voted Wednesday to try to expand a first-in-the-nation plan to use its power of eminent domain to seize.

Previously, the City of Richmond had passed legislation to use eminent domain to seize underwater mortgages but supporters did not obtain the requisite number of votes needed to pass the proposal. In Richmond, a super majority of the city council is needed to use eminent domain.

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Now a new plan would only compound the folly, at least in the Bay Area city of Richmond, where officials seeking to boost the local housing market propose to take mortgages from private lenders through eminent domain. Richmond’s scheme, affirmed by a city council vote this week, is the brainchild of Mortgage Resolution Partners, a group of.

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