The City of Evansville's Land Bank meeting on October 18, 2024, focused on several key agenda items, including property development agreements, contract renewals, and property listings.

The meeting began with discussions regarding the progress on certain properties. A member noted that updates from the purchaser, identified as Jorde, were expected and requested that these be emailed in advance of the next meeting. The board emphasized the importance of reminding the purchaser that the parcels are subject to a development agreement. They also discussed potential assistance for TrueVest, a developer that has previously borrowed from the affordable housing trust fund, with plans to revisit this topic in November.

Next, the board addressed the renewal of the Land Bank inspector's contract. Jessica proposed a monthly salary increase to $2,700, citing that the inspector, Dave, has taken on additional responsibilities beyond his original contract. A motion was made and seconded to approve this salary increase, which passed unanimously.

The meeting then moved on to the mowing contractor's contract renewal. The current contractor, Cutting Edge, has not yet responded regarding their intentions for the upcoming year, and the board decided to defer this discussion until the November meeting.

Finally, the board reviewed property listings, which included several parcels assigned to realtors with prices ranging from $7,000 to $19,500. The approved broker fee for these listings is set at $3,000. One of the listing agents expressed a desire to continue representing the properties, while the board acknowledged the challenges posed by recent instability in lending costs that may affect the sale of these properties.

In conclusion, the meeting highlighted ongoing efforts to manage property development and contracts effectively, with plans for further discussions and decisions scheduled for the next meeting in November.