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Commissioners revisit $2 million land-bank MOU, seek split for medical district and south-side projects
Summary
City attorneys and commissioners discussed a proposed $2 million MOU to fund housing through the Land Bank Authority during the June 3 Albany work session, with commissioners seeking a split to support the medical district and south-side projects.
City Attorney Michael Custer presented a revised memorandum of understanding (MOU) on June 3 to implement a previously discussed $2 million city contribution to the Land Bank Authority for housing initiatives.
Under earlier discussions and the current draft, commissioners agreed the $2 million would support housing projects, with one million earmarked for the medical district and the other million to support projects near…
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