The system of guarantee applied by the City of Totana so that the neighbors respond to the obligations derived from works of urbanization or actions that affect the public spaces, are being applied by means of guarantee or cash in guarantee that the interested parties have to deposit with the Municipal Services Which proceed to their return when the obligations are performed in accordance with current legislation.
The circumstance in many cases that the works of urbanization are lengthened considerably and the interested parties must be for years supporting the interests of endorsements or the deposit in cash in the municipal coffers with the consequent economic damage that supposes for the neighbors without anyone being Benefit from this effort.
In the last amendment of the Law on Territorial Planning and Urban Planning of the Region of Murcia, the amendment of article 187 includes the following guarantees: Guarantee, cash, bond insurance contract, securities quoted on the stock exchange or mortgage on land For the value of the urbanization.
The latter option would only entail the formalization of mortgage with the sole expense of notary and settlement in the Property Registry as a guarantee to respond to the subsequent urbanization or expenses derived from it.
Being in this case, a relief for the owners who have deposit or metallic guarantee and have been delayed the works of urbanization.
With this proposal we intend to consider as a guarantee of obligations in urbanization expenses and other public infrastructure, the mortgages on land and land affected or affected, giving publicity to the interested parties and informing of this newness in the Law. Current affected by collateral or metal, the option to modify these guarantees by mortgage, proceeding to the return of guarantees or deposited amounts.
