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Home | Press Releases | Warren to Sell More Than 250 Tax-Reverted Properties
The City of Warren has issued a Request for Proposal for development of more than 250 tax-reverted properties by a private developer. These properties were seized by Macomb County Treasurer’s Office because of three years of delinquent taxes.
The properties will be sold to the City of Warren, according to Warren Mayor Jim Fouts, and will then be sold to the selected private developer after proposals are evaluated through the public bid process.
State law allows this process. In past years, the city has declined to purchase the properties and the county has sold the properties to developers.
Fouts said in late July the City will select a developer that understands the importance of home-ownership and the benefits of stabilizing neighborhoods to the surrounding community.
“This is an excellent opportunity for Warren to redevelop our neighborhoods, eliminate blight and increase home values,” said Fouts.
Fouts said the City will host a pre-bid meeting at City Hall, on June 13 at 10am, and stressed that proposals will be judged on a number of criteria, including the developer’s commitment to owner-occupancy. “It’s a win-win for the developer, the City and its residents,” said Fouts.
Interested parties should visit the Michigan Intergovernmental trade Network website at www.MITN.info or call 586-574-4646 for more information.
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