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Evansville Land Bank approves transfer to Advantix, denies two-parcel sale and accepts June financials
Summary
At its July 18 meeting, the Evansville Land Bank Corporation approved an agreement to transfer properties to Advantix for a Low-Income Housing Tax Credit project subject to legal revisions and delegated signing authority to staff; it also denied an application to buy two parcels on West Maryland and accepted minutes and June financials.
The Evansville Land Bank Corporation on July 18 approved an agreement to transfer multiple parcels to Advantix for use in a Low-Income Housing Tax Credit project, denied an application to buy two parcels on West Maryland Avenue, and accepted the board minutes and June financial statements.
The board approved an "agreement for sale of real estate" that transfers the subject properties to Advantix as a donation, contingent on legal review and revisions and with authority delegated to staff to execute the final document. Board member Dirk summarized the motion as: "It would be a motion to approve, the agreement for sale of real estate, which transfers the subject properties to Advantix as a donation per the prior board approval, subject to legal review and revision, and to delegate to Jessica authority to execute the agreement once that's complete." Dirk…
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