WARREN - A possible resolution to the property tax debt that Sunshine of Trumbull Warren Inc. owes to the Trumbull County Treasurer's Office may be completed today.
Treasurer Sam Lamancusa plans to meet with Sunshine Director Anthony Iannucci Jr. and Community Development Director Michael Keys to discuss the possible settlement.
A year ago, Lamancusa announced that the nonprofit organization owed Trumbull County more than $188,600 in back property taxes and fees on its properties. At the time, he suggested the county could foreclose on the properties.
Iannucci spent part of 2013 working with the agency's lenders attempting to renegotiate its loans. Huntington Bank has the majority of the loans on the properties.
A possible option that may be explored would be allowing some of the properties to go into foreclosure while paying off the remaining debts. The city may be forced to tear down some of the properties because of their conditions.
The city has nearly completed tearing down approximately 150 properties using Moving Ohio Forward funds from an Ohio Attorney General's Office settlement. Within the next several weeks, Trumbull Neighborhood Partnership, a nonprofit agency that works with the county and the city, is expected to learn how much of the Hardest Hit Fund will be allocated to the Trumbull County Landbank.
The Hardest Hit Fund is a federal program designed to help struggling home owners in 18 states and and the district of Columbia with their mortgages. Ohio is using up to $60 million for the demolition of homes in counties with landbanks.
TNP operates the Trumbull landbank. It receives most of its properties through county foreclosures.
Lamancusa this week said he expects to offer the nonprofit organization a possible payment plan for the back taxes.
City Councilman Greg Bartholomew, D-4th Ward, said he hopes whatever the final agreement between the county and the nonprofit agency will be will begin to complete the controversies around Sunshine.
However, Bartholomew added that Sunshine should not receive too major of a deal to reduce the tax debt owed to the county.
"It should not be treated any differently than other residents or institutions," Bartholomew said.
With the housing market picking up over the last six months, Bartholomew hopes that any houses owned and being sold by Sunshine or by any of Warren Redevelopment and Planning's subsidiaries may be sold and the profits applied to paying back taxes.