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Commission approves interlocal agreement to establish Grand Rapids Land Bank Authority
Summary
The commission authorized an intergovernmental agreement with the state to establish a Grand Rapids Land Bank Authority, transferring state portfolio responsibilities and enabling the city to acquire troubled or hard-to-develop properties to support housing and redevelopment goals; staff proposed the Brownfield Redevelopment Authority board serve as the land bank board.
The City Commission approved a resolution authorizing an intergovernmental agreement with the state land bank authority to establish the Grand Rapids Land Bank Authority.
Economic development staff (Miss Reniero, speaker 16) told commissioners the land bank would be a public authority to acquire, hold, manage and…
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