North Las Vegas to mull eminent domain for at least 2 months - FOX5 Vegas - KVVU

North Las Vegas to mull eminent domain for at least 2 months

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NORTH LAS VEGAS, NV (FOX5) -

There won't be a decision anytime soon on whether the city of North Las Vegas will use eminent domain to obtain mortgages from underwater homeowners.

The City Council on Wednesday night opted to delay voting on the decision for at least 60 days.

City leaders said a list of question concerning the controversial proposal needs to be drawn up and answered by Mortgage Resolution Partners, the company behind the plan.

The city also said it will bring in outside legal counsel for advice on the decision.

Proponents say eminent domain would be an effective way for the city to aid struggling homeowners while ensuring it doesn't miss out on property taxes. Opponents, such as the Greater Las Vegas Association or Realtors, believe it would be a reckless move that would jeopardize private property rights.

The issue will next come up during the second meeting in August of the City Council. By that time, there will be a new mayor and council member in place. There is no word on the record yet about which way either of them is leaning on eminent domain. The city could put the issue to a vote during that meeting.

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