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Albany commission declines final vote on $2 million land-bank MOU, asks staff to renegotiate details
Summary
The commission asked staff and the Albany-Dougherty Land Bank to return with clarified terms after commissioners split over whether to earmark $2 million in ARPA funds for the medical district or to keep the appropriation broader; a substitute motion to split funds 50/50 failed and the item was sent back to the land bank for revision.
The Albany City Commission decided against a final vote on a proposed memorandum of understanding (MOU) with the Albany-Dougherty Land Bank that would make $2 million in federal American Rescue Plan Act funds available for a home-ownership incentive initiative.
Commissioners debated whether to require that 50% of those funds be used in the medical district and 50% in the Ragsdale and Driscoll Park area, or to leave the city funds available more broadly near city-owned assets and investments as the original MOU proposed. After extended discussion and a substitute motion to…
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