LICENSE No. FNK-2020-369790-1, 2

Date issued: May. 31 2023

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TURBOFAC Commentary (319 words)

Notes:

1) See first iteration of the license at p. 1 (PDF), part of the application at pp. 3-28, and the second iteration of the license at p. 29. Unlike other specific licenses authorizing transactions involving blocked real property located in the U.S. (Use this search query to find all such licenses), this license is issued to a local/municipal government. The blocked and abandoned property was, essentially and per the license request, an eyesore/nuisance. In that regard, the SL is notable for its licensing policy of accommodating compliance with municipal regulations.

2) “RECORDING A LIEN AGAINST BLOCKED PROPERTY” AS A “TRANSFER”

The first and second iterations of the license are generally the same, but the second iteration includes an authorization (section I(ii) for “recording a lien against the Blocked Real Property,” and there is an...