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Land Bank approves tax exonerations for two parcels to clear titles for sale
Summary
The Erie Land Bank approved a resolution to exonerate city and county taxes for 427 Liberty Street and 520 East Fifth Street to facilitate closings and title clearance.
The Erie Land Bank passed a resolution July 21 to exonerate city and county property taxes on two parcels, a housekeeping move intended to clear outstanding taxes so those properties can be prepared for sale or closing.
The executive director said the resolution covers 427 Liberty Street and 520 East Fifth Street and follows the land bank’s usual process: after the board approves exoneration the item is forwarded to the school district for its action as required by local practice. Board members approved the resolution by voice vote; the meeting transcript records the motion as carried with no opposition.
Staff said tax exoneration approvals will likely remain a recurring agenda item as the land bank continues to prepare properties for sale and to keep closings on track.
