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Land bank adopts its own purchasing policy to speed contracts; board requires notification for under‑$1M and full approval above $1M
Summary
The Van Buren County Land Bank Authority adopted its own purchasing policy to speed grant‑funded projects; the Board approved a compromise requiring notification for land‑bank contracts under $1,000,000 and full board approval for contracts above $1,000,000.
The Van Buren County Land Bank Authority presented a separate purchasing policy intended to speed contracting on grant‑funded projects, and the Board of Commissioners agreed to allow the land bank to approve contracts under $1,000,000 with subsequent notification to the board and to require Board approval for contracts exceeding $1,000,000.
Lizzo Ransler, a land‑bank representative, told commissioners the land bank is required by the state to adopt its own purchasing policy because it has received state grants and the state required the land bank to be in compliance with a standalone…
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