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Herington Land Bank moves to enable builder transfer, reviews annual report and appoints chair
Summary
The Herington Land Bank appointed Larry Mann as chair, discussed waiving a purchase-agreement covenant to permit a buyer to transfer a lot directly to the builder, moved to approve a development agreement with Gilmore and Associates Homes, and reviewed its annual report and inventory of 15 lots.
At a joint meeting on Jan. 6, the Herington Land Bank completed annual reorganization business and reviewed a development plan to keep a small housing project moving.
The board appointed Larry Mann as chairman by unanimous consent. Staff reviewed an updated set of bylaws (reducing required meetings to six per year) and presented the annual report and a parcel inventory showing 15 available lots in the development area.
Staff explained a specific lot-purchase…
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