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City attorney outlines how a land bank could help Andover manage blighted or remnant parcels
Summary
City Attorney JT Glass briefed the Andover City Council on the statutory authority, benefits and limits of forming a municipal land bank, suggesting staff evaluate city-owned or targeted properties that could be held in a land bank to stop tax and assessment accrual while they're placed back into productive use.
City Attorney JT Glass told the Andover City Council on Feb. 25 that a municipal land bank is a statutory tool the city could use to hold underutilized, blighted or remnant parcels until they can be returned to productive use.
Glass described a land bank as a separate, quasi-governmental corporation that can own, buy or receive land and then sell or repurpose it. "Think of the land bank in the same context of which you might think of a bank where you put your money and hope someday to have enough of it to place it back into productive use," Glass said. He said Kansas law permits the city to create a land bank by ordinance and to have the city's governing body serve as the land bank's board of trustees.
Glass outlined key effects and limits of land bank…
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