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Evansville Land Bank approves multiple lot sales, requires development agreements and caps broker fees
Summary
At its Sept. 19 public session, the Evansville Land Bank approved sales of several vacant parcels — including 704 Bell Avenue — with development agreements and a broker-fee limit of $3,000. The board approved side‑yard sales and a duplex development plan with 18‑month development timelines.
The Evansville Land Bank Corporation on Sept. 19 approved the sale of multiple vacant lots for new construction and side‑yard transfers, requiring development agreements and limiting total broker compensation to $3,000 for one contested sale.
The approvals included a conditional sale of 704 Bell Avenue for $3,500, side‑yard sales for 1014 West Virginia Street ($250) and 614 West Tennessee Street ($500), and the sale of 820 and 824 Judson (two lots at $500 each, $1,000 total) for construction of a duplex. The board also required standard development agreements, including an 18‑month timeline where requested.
Why it matters: The land bank’s…
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