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Land Bank Committee approves combining 216 Franklin with Market Street parcels for residential development
Summary
The committee approved staff’s plan to split and combine 216 Franklin Street with adjacent Market Street parcels to support new residential development; staff said there is no immediate budget impact and proceeds from future sales will offset preparation costs.
The Sandusky Land Bank Committee voted March 17 to approve staff’s recommended disposition strategy for 216 Franklin Street, which staff said will be split and combined with adjacent Market Street parcels to complete a development block intended for residential use.
Staff explained the parcel at 216 Franklin was acquired via sheriff’s sale and that a prior two‑family structure had been demolished, leaving a vacant lot. The lot is currently zoned general business and measures roughly 66 by 132 feet; Erie County Auditor valuation figures were cited in the packet. Staff said previous applications were denied because retaining the parcel for coordinated residential development was judged the "highest and best use."
Under the approved approach, the land bank parcel will be surveyed and split, then combined into new parcels that will be marketed for sale. Staff said preparation and maintenance costs may be recouped from sale proceeds and that there is no immediate budget impact. Committee members asked about potential zoning changes and staff said they would confer with planning staff and include deed restrictions requiring single‑family development when marketing and preparing purchase agreements.
The committee approved the motion by roll call. Staff said final sales will be processed following city commission approval and will likely include deed restrictions and use of a real estate agent for marketing.
