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Land Bank meeting: board approves sale price for Davis Street, authorizes variance application for Miller Street and hears pipeline updates
Summary
At its most recent meeting the Chemung County Land Bank approved minutes and financials, set a $152,000 listing price (negotiable within 10%) for 1839 Davis Street, authorized a variance application for 201 East Miller Street, and reviewed updates on multiple construction and demolition projects across Elmira.
The Chemung County Land Bank handled routine business, approved a number of resolutions and reviewed project updates for properties across Elmira and Chemung County.
Minutes and financials The board approved the July meeting minutes and the August financial reports by voice votes. Staff noted accounting changes that now show pending grant draw amounts sooner in the monthly statements; staff said one outstanding issue is a $7,500 timing deficit that will be covered when a reimbursement request is submitted.
Davis Street sale price The board approved a recommended sale price of $152,000 for 1839 Davis Street and amended the resolution to allow staff to negotiate within 10% up or down of that figure without returning to the board. Staff said the price was set after comparative market analysis and that the house will be advertised and listed; staff also described owner-occupancy and income-verification requirements for some houses depending on funding source.
201 East Miller…
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