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Arkansas City Land Bank approves 2026 budget, tables transfer of two North D Street properties
Summary
The Arkansas City Land Bank voted to adopt its 2026 budget, which staff said leaves roughly $22,673 available for capital outlay, and tabled a proposed transfer of 518 and 522 North D Street to Cali House of Hope Incorporated pending neighborhood input.
The Arkansas City Land Bank approved its 2026 budget and tabled a proposed transfer of two properties at 518 and 522 North D Street to Cali House of Hope Incorporated during its May meeting.
Land bank staff told trustees the budget is “pretty straightforward this year, like, every year,” reporting an estimated unencumbered cash balance of $17,673 in January and an anticipated property sale in 2026 of $5,000, which staff said would yield roughly $22,673 available for capital outlay. Chairman Beeson said, “I approve the 2026 land bank budget.”
The budget vote followed routine procedural business including approval of the meeting agenda and May 6 special meeting minutes. Trustees then considered a proposed transfer of the two North D Street properties to Cali House of Hope Incorporated. According to the record, the applicant presented at a work session and trustees had asked the applicant to meet with the neighborhood and gather input; a trustee moved to table the transfer “until a later date,” and the motion carried.
Meeting minutes and the staff presentation indicate the budget figures are estimates. The record does not show a roll-call vote or a breakdown of which trustees voted for or against either motion.
The land bank did not set a new date for the property-transfer item during the meeting.
Minutes show the board adjourned after the business was concluded.
