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Vigo County transfers single lot to newly formed county community development corporation
Summary
The Board of Commissioners approved a quitclaim deed transferring a county lot to a newly created Vigo County Community Development Corporation (CDC); officials said the CDC will simplify transfers of county‑owned or tax‑sale properties for housing and redevelopment projects.
Vigo County commissioners approved a quitclaim deed transferring a single county lot into a newly formed Vigo County Community Development Corporation (CDC), a nonprofit the board created to hold and transfer county properties for redevelopment.
The board said the CDC was formed by the commissioners and legal work was handled by counsel from the Taft Law Firm; bylaws, articles of incorporation and several policies have been approved and the CDC has met once. Officials said an announcement with CDC board member names will be made the following week.
Commissioners said the CDC will make it easier to transfer county‑owned properties or tax‑sale leftovers directly to individuals or developers who will invest in the land, in some cases providing deed in hand at the time of sale rather than the typical certificate and redemption process. “This is the first property transfer to quitclaim deed into the CDC, to sell it to a person in Riley, for a housing project,” a county official said.
County staff emphasized the CDC is intended to reduce the number of tax‑delinquent parcels the county holds and to move properties back onto the tax rolls. County officials described several potential uses: small infill housing projects, redeveloping dilapidated lots, and, in some cases, offering unsold parcels to nearby landowners in a so‑called “fire sale” process at a low starting bid (a hypothetical figure of $250 was mentioned but not finalized).
A motion to quitclaim the single lot to the CDC was made and approved by voice vote; mover/second names and a roll‑call tally were not recorded in the transcript. County officials said this item is an initial administrative transfer; specific development plans and sale prices for the CDC‑held parcels were not presented at the meeting.
Officials cited ongoing efforts to reduce the county’s inventory of tax‑delinquent parcels (from several hundreds toward lower counts) and noted staff will continue outreach to nearby property owners and potential developers.
