On November 16th, 2016, City Council approved the first round of contractors and developers qualified to receive and rehab vacant and abandoned properties. The next step is for the City to start to acquire priority properties based on several factors including visibility, impact on neighbors, attracting crime, and marketability when complete. This effort has been a top priority of the Guardian administration, as abandoned properties have many negative effects on the City, its residents and workers, and especially its property values. The City continues to eliminate blight through traditional methods of demolition and code enforcement, but the Abandoned Property Ordinance, adopted in December 2015, allows the City to take possession with payment to the owner calculated using the value PLUS the cost of rehab or demolition. This formula makes acquisition much more achievable and uses less resources. The process to acquire and turn over to qualified development entities is expected to be three to six months.