Chicago amasses $619,000 in vacant building fines


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Posted Online: May 06, 2012, 10:34 pm
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CHICAGO (AP) — Officials say Chicago will hire more inspectors to investigate thousands of outstanding complaints about vacant properties citywide.

The news comes as the city assessed more than $600,000 in fines against more than 150 financial institutions in the first three months of this year for not following the city's vacant building ordinance.

The ordinance took effect late last year. It requires the Federal Housing Finance Agency to register vacant buildings with the city and pay fines if the properties aren't properly maintained. However, the agency has filed a lawsuit to exempt properties with mortgages held by Fannie Mae or Freddie Mac.

Chicago Mayor Rahm Emanuel says the ordinance helps the city in hiring additional inspectors to investigate more than 6,000 outstanding complaints about vacant properties throughout Chicago.
















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  Today is Monday, May 20, the 140th day of 2013. There are 225 days left in the year.
1863 -- 150 years ago: A petition is being circulated asking the city council to order awell bored in Market Square. It would be a great accommodation to the public.
1888 -- 125 years ago: At 1 p.m. on May 18 the Mississippi River flooded its banks atRock Island and destroyed the warehouse of the Rock Island Lumber Co. and damagedRock Island Arsenal power plant. Total loss is estimated at $100,000.
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1938 -- 75 years ago: A group of state members of the National Grandmothers Clubmeeting in Rock Island are making plans to petition for the observance of a NationalGrandmothers Day.
1963 -- 50 years ago: Deere and Co. reported today that its U.S. and Canadian sales forthe first half of the 1963 fiscal year set an all time record of $323,716.628.
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