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Evansville Land Bank rolls over maturing CD, declines donation with title liens and approves two lot sales
Summary
At its August meeting, the Evansville Land Bank Corporation approved routine financial items and a laddered rollover of a maturing certificate of deposit, voted to decline a donated property because of title liens and pending court action, and approved two $500 land sales to adjacent property owners.
The Evansville Land Bank Corporation board approved routine minutes and financial reports, voted to roll a maturing certificate of deposit into the board’s existing laddered investment approach, declined a donation of 619 East Chandler because of liens and a pending court action, and approved the sale of two land bank lots for $500 each to adjacent property owners.
The board voted to accept the July minutes and the July profit-and-loss comparison as presented. Jessica, a staff member who presented the financials, said the city installment for July was $20,833.33 and noted the June electric bill was $129.94, which she attributed to savings from the property’s solar panels. The board approved the financials by voice vote.
The board then considered a certificate of deposit maturing the following Monday. Board materials presented a balance-sheet snapshot showing approximately $380,000 “and change” in one account separate from roughly…
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