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Beach Park OKs IGA with Northern Illinois Land Bank Authority and donates surplus property
Summary
The board approved an intergovernmental agreement with the Northern Illinois Land Bank Authority to manage abandoned‑property proceedings and declared surplus real estate at 38293 N. Loyola, approving a donation agreement to transfer the property to the land bank with reimbursement language for village expenses.
The Village of Beach Park board approved an intergovernmental agreement (IGA) with the Northern Illinois Land Bank Authority to allow the land bank to pursue abandoned‑property petitions and related work on the village's behalf. Staff said the land bank can often complete proceedings faster and at lower cost than the village, which typically…
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