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Grand Rapids land bank adopts disposition and 5‑50 waiver policies after detailed planning portfolio review
Summary
The city’s Land Bank Authority approved a set of land‑banking and 5‑50 tax waiver policies, transferred six non‑buildable parcels to Parks & Rec for trail use, and heard a planning department buildability analysis that classified 56% of the portfolio as buildable, 5 parcels as potentially buildable and 39% as not buildable.
The Grand Rapids Land Bank Authority adopted formal policies to guide disposition, tax‑waiver decisions and land‑banking operations after a multi‑hour discussion that paired a planning department buildability analysis with equity and community‑use considerations.
Staff asked the board to approve a resolution transferring six side parcels to the Parks and Recreation Department for Silver Creek / Plaster Trail use and requested an exemption from the standard disposition policy to allow direct conveyance rather than a public listing period. Staff described the six parcels as non‑buildable (small size, presence of power lines or wetland constraints) and recommended Parks & Rec as highest‑and‑best use. The board approved the transfer by voice vote and discussed interim activation possibilities, requesting parks staff later present a use plan.
The board also debated and adopted a written policy for…
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