Resolution 120073

..Title Calling on the Governor and the Pennsylvania General Assembly to enact legislation to require sellers of residential properties in the Commonwealth to disclose annual energy costs associated with residential properties. ..Body WHEREAS, Energy costs represent a significant and increasing share of the cost of home ownership; and WHEREAS, Making prospective a homebuyer aware of the energy costs associated with a particular residence will assist with responsible home selection and financial planning, and may help to decrease foreclosures; and WHEREAS, Making information available about the energy costs associated with residences will, by introducing important information into the market, promote increases in the energy efficiency of homes and promote more economically efficient transactions; and WHEREAS, Pennsylvania's Real Estate Seller Disclosure Law, 68 Pa. C.S. § 7301 et seq. does not presently require disclosure of energy costs in home sales; and WHEREAS, The Real Estate Seller Disclosure Law preempts municipalities from requiring sellers to disclose energy costs, 68 Pa. C.S. § 7315(a); now, therefore BE IT RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, That this Council hereby calls on the Governor and the General Assembly to enact legislation to require sellers of residential properties in the Commonwealth to disclose annual energy costs associated with residential properties. FURTHER RESOLVED, That a copy of this resolution be sent to Governor Corbett and the General Assembly as evidence of the grave concern of this legislative body. ..End