Where can I get an application and list of properties?
Can I see the inside of the property?
Yes, we require that you see the property before you submit an application. Please call (315) 792-0181 and make an appointment to be taken through the property. Only two (2) properties per person/family per day can be scheduled.
What do I need to submit an application?
1. Developer’s Fee – (the amount is listed on page one of the application). If a buyer’s offer is not accepted, the Developer’s Fee is returned. Please note that fees may take up to six weeks to be returned.
2. Financial Statement – You must provide evidence (ex. bank statements, bank commitment letter or other guaranteed loan etc.) to show that you have the funds to:
3. Commercial Property Business Plans – offers for commercial (not residential) properties also require a business plan to be submitted with the standard application.
Note: An application received without both the developer’s fee, the require business plan and financial statements will be viewed as incomplete and will not be accepted.
Do I get my money back if I do not get the property?
Yes, you will be issued a refund of the Developer's Fee that you paid when you submitted your application if you are not approved to purchase the property. Please note that refund of the fee may take up to six weeks to be returned.
What fees and charges do I need to pay?
Can I buy the property back if I lost it for taxes?
Yes, but you cannot simply pay the back taxes. You will need to follow the same process as anyone else to make an offer.
How long do I have to renovate the property?
You are given one (1) year to make the repairs to the property. At the expiration of one year, or sooner if requested, the Agency performs an inspection and if renovations are done to the satisfaction of the Agency, we issue you a Certificate of Completion which you then file with the County Clerk's office. There is a $50.00 charge for the Certificate of Completion.
Note: The URA Certificate of Completion is different from the Codes Department Certificate of Occupancy and the Fire Department Residential Occupancy Permit. You may require a building permit from Codes to conduct the renovations. It is necessary to consult codes after closing. o Commercial properties will require additional inspections based on the end use of the property.
What can prevent me from getting a property?
Applicants must list all property you currently own in the City of Utica on the application. This data will be submitted to the Codes and Comptroller’s Office for searches of codes violations and delinquent taxes. Urban Renewal Agency staff performs a search of all properties owned and then provides the information regarding any violations/delinquencies to the Board via the agenda. The URA Board then decides if they will accept or reject the application based on this and other information. The URA Board may require that all be cleared prior to closing. It is up to you, the applicant, to inform the URA when violations/delinquencies have been corrected and proof such as receipts/printouts, etc., must be provided to the URA. You must provide evidence to show that you have the funds to:
Note: If any of the property owned by the purchaser comes back with a delinquency or a code violation the application is automatically rejected.
What happens if there is more than one offer on the property?
When a property has received more than 1(one) offer, and it is first discussed at an URA Meeting, it may go to auction at the next public meeting of the URA Board. All qualified applicants will be advised of this at the meeting.
The URA will continue to market the property until the next meeting and other offers may be considered for approval. At the auction you will only be able to bid up to the amount of money that your financial statement reflects. (Ex. Offer $10,000.00, estimated repairs and closing costs, $10,000.00, a total of $20,000.00 needs to be shown). It is better to have a financial "cushion" when submitting an application. If you show that you have $30,000.00 you will be allowed to increase your offer only by $10,000.00, the difference between offer plus repairs and closing costs minus total you have shown.
Does the City provide grants to purchase a property?
No. The City does not have a program in place for the purchase or rehab of the property. You must provide evidence to show that you have the funds available to purchase and rehab the property. The City does not provide mortgages or payment plans.
We recommend you investigate what programs and services may be available through other agencies and/or your financial institution, prior to submitting an application
What type of Deed do I receive?
All properties sold are conveyed via a Quit Claim Deed, in an as-is condition without warranty of any nature. It is the responsibility of the potential buyer to check the public records for any assignments, delinquent water, solid waste charges, judgments, mortgages and liens in the preparation of the application in order to assist in determining the finances required for the contemplated purchase.
The phone numbers of relevant entities are on page 5 of the application.