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Grand Rapids Land Bank Authority adopts bylaws, approves legal and maintenance contracts and moves to acquire property portfolio
Summary
The Grand Rapids Land Bank Authority approved bylaws modeled on the Brownfield authority, contracted outside legal counsel, authorized annual property maintenance contractors and approved termination of a prior agreement to acquire 107 properties from the Michigan State Land Bank.
The Grand Rapids Land Bank Authority voted to adopt bylaws, contract for legal services, approve property maintenance vendors and approve a termination agreement that begins transfer of roughly 107 properties into local control.
Board members approved bylaws that staff said were intentionally patterned after the Brownfield Redevelopment Authority where feasible. The bylaws include a conflict-of-interest disclosure clause and a plan to develop a separate code-of-ethics policy. Members discussed a specific sentence in the bylaws that allows the board, by majority vote of directors present, to determine whether a conflict exists and require the interested director to refrain…
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