HomeMy WebLinkAboutCOM 0675.646 2022-2024 P/PCPWO
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From: Debbie Otto
Sent: Tuesday, November 5, 2024 3:26 PM
To: Council Testimony
Subject: Testimony in opposition to the provision in Bill 121
Dear Honorable Council Members,
My husband and I are writing to express our strong opposition to the provision in Bill 121 that
would cause nonconforming use certificates (NCUs)to expire upon the sale of property and undermine
my financial stability.
When We purchased our vacation rental,the NUC played an integral role in determining the property's
value. It was a key part of my investment and long-term retirement plan. Losing this value upon sale
would have serious financial consequences.
If this change is enacted, I may have to sell my property at a significant loss or hold onto it longer than
planned, impacting my retirement plans. The uncertainty it introduces could also reduce interest from
potential buyers, further devaluing the property.
We strongly urge you to reconsider this change and protect the ability to transfer NCUs upon sale. This is
crucial for preserving property values and the financial well-being of residents like ourselves.
Sincerely,
Brad and Debbie Otto .a
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