Land Bank Approves Property Acquisition for 12 East Franklin from Vanderburgh County Commissioners
October 18, 2024 | Evansville City, Vanderburgh County, Indiana
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In addition to the renewal of agent agreements, the board received updates on the 2024 tax sale properties. Currently, the Land Bank is interested in acquiring 20 properties, which include 14 slated for demolition and six vacant lots. The total purchase price for these properties is estimated at $10,000, although this figure may decrease as the redemption period progresses.
The board also discussed ongoing demolition efforts, with bids for contractors due by November 14, 2024. These bids will be reviewed at the next Land Bank meeting on November 15, marking a crucial step in the city's efforts to revitalize neighborhoods.
Another important topic was the upcoming vacancy on the board due to the announced departure of member Weaver, who will not seek reappointment. The board encouraged community members to apply for this position through the city’s website, emphasizing the importance of local involvement in the Land Bank's initiatives.
Lastly, the board authorized Jessica to make an offer to acquire a property at 12 East Franklin Street from the Vanderburgh County Commissioners. This small residential lot, which previously housed a now-demolished unit, is seen as a strategic acquisition for future development along Main Street. The board agreed to offer up to $1,000 for the property, reflecting a proactive approach to land management.
These decisions underscore the Land Bank's commitment to improving community infrastructure and property management, paving the way for future development and revitalization efforts in Evansville.
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