City Council Meeting November15, 2016 Delinquent Collection Results Honorable Kevin A. Brown City Treasurer, Petersburg, Virginia

Propel Financial Services refinances delinquent real estate taxes for our customers. This assistance allows our customers to bring their accounts current and avoid additional penalty and interest on their delinquent accounts. Propel has collected $699,925.51 thru October 31, 2016.

Sum of Amount Collected Client Portfolio Collection Report November 4, 2016 Client Account Type Last Assigned Date Referred Accounts Amount Referred Amount Cancelled Amount Adjusted Amount Paid Balance Amount Active Accounts Percent Collected City of Petersburg Personal Property PBRG-PP 6/7/2016 9,633 $4,567,174 7,610 ($438,499) $439,651 $3,681,414 8,979 10.67% City of Petersburg Real Estate PBRG-RE 10/14/2016 1,600 $6,902,703 153,903 ($688,755) $784,314 $5,275,730 1,335 12.94% Sum of Amount Collected   Paid Date 2016 $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 $84,393 $3,976 $121,487 $157,016 $7,572 $37,858 $143,185 $43,848 $112,357 $125,630 $55,740 $100,008 May June July August September October November As of October 31,2016, TACS has collected $981.522. As of October 31, 2016, Propel and TACS has collected $1,681,447 In delinquent taxes for the City of Petersburg!

Future Collection Activities   Continued collection efforts from Propel & TACS Send new collection files for RE2015, PP2016 and BL2016 to TACS this week. Publish new delinquent taxpayer file on City’s website in November Preparing for next tax foreclosure sale in December with Sands Anderson Share collection results at City Council meetings every month going forward

As of October 31, 2016, our delinquent real estate taxes are $3,690,490.21. Our delinquent personal property taxes are $3,810,893.41. These combined figures equal $7,509,383.62. TACS and Propel will continue to collect and help us lower these numbers and increase the amount of revenues coming into the City of Petersburg.

Thank you for your attendance and participation in this Community Forum! Sincerely, Kevin A. Brown and Family